Fortune 500 Adoption of Social Media Slowing
The use of blogging, Twitter, and Facebook among the nation's largest companies has leveled off in 2011, according to a new study by the University of Massachusetts at Dartmouth.
Among companies listed on the 2011 Fortune 500, the use of three key social media platforms–Twitter, Facebook, and blogs—has increased slightly or stayed flat over the previous 12 months:
- 62% now use Twitter (have an official corporate account with tweet activity in the previous month), up from 60% in 2010.
- 58% have a corporate Facebook page, up from 56% a year earlier.
- 23% have a corporate public-facing blog with items posted in the previous 12 months, the same percentage reported in 2010.
Below, other findings from "The 2011 Fortune 500 and Social Media Adoption: Have America's Largest Companies Reached a Social Media Plateau?" issued by the Center for Marketing Research at the University of Massachusetts at Dartmouth.
Twitter Adoption
Some 308 of the 2011 F500 (62%) have a corporate Twitter account with a tweet in the previous thirty days; among them, 10 corporations (Wal-Mart, Exxon, Chevron, Conoco Philips, Fannie Mae, General Electric, Berkshire Hathaway, General Motors, Bank of America, and Ford Motors) consistently post to their Twitter accounts.
Interestingly, the 2010 study revealed that four companies in the medical and healthcare industries had Twitter accounts with no activity. In 2011, those same four companies (Humana Health Care, Boston Scientific, United Health Group, and Cardinal Health Care) were found to have no registered accounts. Such was the case for the food chain Winn-Dixie, which now has no Twitter presence (or public-facing blog).
[Read more] Source: Univsersity of Massachusetts at Dartmouth
Financing Not Fundraising: 5 Lies to Stop Telling Donors
In part 11 of our ongoing blog series, Financing Not Fundraising, we are talking about being brutally honest with your donors. If nonprofits are going to truly break free from the vicious fundraising cycle, they must find the courage to tell funders how it really is. And since board members are a nonprofit’s closest supporters and (I hope) donors, you need to stop telling them these lies as well.
If you are new to our Financing Not Fundraising blog series, the series is about how nonprofits must break out of the narrow view that traditional FUNDRAISING (individual donor appeals, events, foundation grants) will completely fund all of their activities. Instead, they must create a broader, more strategic approach to securing the overall FINANCING necessary to create social change. You can read the entire series here.
And, if you want to learn more about how to apply the concepts of Financing Not Fundraising to your nonprofit, join us for our Financing Not Fundraising webinar on November 9th, 2011.
If you want to break free of the exhausting cycle of fundraising, a key step is to start being brutally honest with funders. Here are the top 5 lies you have to stop telling donors:
- 1. X% of your donation goes to the program
The distinction between “program expenses” and “overhead” is, at best, meaningless and, at worst, destructive. You cannot have a program without staff, technology, space, systems, evaluation, research and development. It is magical thinking to say that you can separate money spent on programs from money spent on the support of programs. Donors need to understand, and you need to explain to them, that “overhead” is not a dirty word. A nonprofit exists to deliver programs. And everything the organization does helps to make those programs better, stronger, bigger, more effective.
- 2. We can do the same program with less money
No you can’t. You know you can’t. You are already scraping by. Don’t accept a check from a donor who wants all the bells and whistles you explained in your pitch, but at a lower cost. Explain the true costs, including administrative costs, of getting results. Politely, but firmly, explain to them that an inferior investment will yield an inferior result. If they simply can’t afford the price tag, then encourage them to find fellow funders to co-invest with.
- 3. We can start a new program that doesn’t fit with our mission or strategy
Yes that big, fat check a donor is holding in front of you looks very appealing. But if it takes your organization in a different direction than your strategy or your core competencies require, accepting it is a huge mistake. Nonprofits must constantly ensure that money and mission are aligned. Otherwise the organization will be scattered in countless directions with an exhausted staff and confused donor base. Don’t let a donor take you down that road.
[Read more] Source: Social Velocity Blog
10 things to do before writing a fundraising strategy
Having a shared purpose and a common fundraising goal is essential to any successful nonprofit campaign or program. This is why it is important for charities to work hard in order to develop their fundraising strategy prior to setting out with their asks or before beginning work on a fundraising project.
Developing a strong and coherent fundraising strategy helps cut down on wasting time and resources and gives a common purpose to the organization’s staff, including any volunteers.
Having a fundraising strategy with built-in timelines and targets also manages expectations amongst senior staff and board members and provides an effective manner in which to verbalize desired outcomes.
Before you start writing your strategy, here are 10 things your organization should be doing:
- 1. Review your charity’s current status. What are your present resources? What went well in the past and what needs improvement? Consider a SWOT analysis (strengths, weaknesses, opportunities, and threats)
2. Ask yourself, what kind of funding do you need? Unrestricted income? Gifts in kind? Major donations for specific projects?
[Read more] Source: adviceforgood
How to ask for money
Use the right words, in the right order, at the right time to get the cash coming in
No one likes writing about or talking about money, but for most charities the effective ‘ask’ is the lifeblood of their organisation.
Here are a few tips to help with your fundraising writing.
Start with outcomes
Your donors want to know the impact that their money will have, so always start any writing about money with outcomes and achievements. Psychologists have shown people are much more likely to do what you want them to do if you give them a reason to do it. So never just ask for money without demonstrating – and proving – that their donation is an investment in the impact your organisation has.
Keep it simple
Your organisation may do 50 different things, but when writing about money concentrate on one area only. Too many options and ideas can breed procrastination. If you ask for this money, for this project, by this date, you present the reader with a simple yes or no decision to make right now.
Be honest about core costs
We all know asking for money to pay postage, lighting bills and transport isn’t a great sell. While you shouldn’t try to hide the fact you need to pay for core costs, you can weave them creatively into your fundraising asks.
Write the truth – that these costs are core to making projects successful – rather than an optional add-on you’d rather not talk about:
[Read more] Source: Gideon Burrows @ ngo.media
7 Tips for Better Fundraising Emails
Email marketing represents a critical component of online fundraising. In fact, in spite of the social era or perhaps because of it, more email is being generated. A growing minority of emails are read and responded to on mobile devices now. Contacting friends and supporters who may back your fundraiser via email cannot be overlooked.
For most nonprofits, email has been and remains the heart and soul of their online strategies. Even social media-heavy programs seek to engage more loyal supporters through email programs like newsletter, petitions, pledges, advocacy and more. The purpose is to build a house file.
So how can you make email work best for your campaign? Here are seven tips to consider.
1) Vet your list
Carpet bombing your entire rolodex and house file is not a great way to make potential investors feel good about receiving your email. If you are looking for support from friends, focus on creating a small list of people who will likely care about the effort. The email itself is an ask. If at all possible, a personal email to each fundraiser makes a big difference.
If you are a nonprofit, you will want a list that is opt-in, and not purchased wholesale. There are great solutions from companies like Care2 to develop email lists of customized, qualified parties who will opt-in to information from you. Spend the money to build a list, but don’t buy an existing one that is not directly associated with your cause.
2) Write a fantastic headline
There are many elements to consider in writing a great headline, but make no bones about it, this is essential. Only 15% of emails are even opened, according to Blackbaud. Creating pithy headlines that are active in tense, short in length, and clear in purpose are critical to success.
[Read more] Source: Inspiring Generosity via razoo
Future trends: Predictions for charity IT
We asked charities and IT suppliers alike for their predictions on IT trends in the charity sector over the next year, and received a huge response. Of course, cloud computing and mobile technology were frequently cited – so to avoid repetition just a few of the comments on these topics were included, with preference given to predictions addressing other interesting areas.
In our case it is improving our remote access capabilities to allow more efficient and more integrated work to be done by staff who are away from - or not based in - head office. In general I think that the maturing (finally) nature of the "cloud" and SaaS will (eventually) have an impact in how charity IT operates (assuming we all decide the security implications of having your data somewhere else are ok). In particular the scalability of this approach should mean that small charities can effectively operate
on the same type of systems as large charities.
Adrian Mitchell, IT manager, Variety Club
Complete pull to web-based apps (internal and external) paving the way for staff to use their own equipment within corporate networks (if all they need is a browser....not much for IT departments to support). This will be the norm in less than 10 years.
Paul Hughes, head of IT, the Stroke Association
[Read more] Source: Civil Society.co.uk
The 7 deadly sins of fundraising appeals – and how to avoid them
These points and tips are mainly written in the context of individual giving, although many are also just as relevant to events, community and legacy fundraising, membership marketing, volunteer recruitment or anywhere direct marketing techniques are used. They represent the most common issues in fundraising appeals that I have come across and include suggestions to help you avoid the same pitfalls.
I hope that some of these insights and suggestions are useful to you and that you will test to prove or disprove them for yourself!
1. Beating around the bush
Many people seem to feel slightly embarrassed about asking for donations. I only say this because there have been numerous occasions where I’ve been asked to remove most of the asks for a donation from appeal copy; once to the point that the first mention was almost at the bottom of the last page of the letter, almost as though it was an afterthought.
This is a fundraising appeal, not a magazine article or a short story, so get to the point and do it quickly. You’ve heard of the saying, ‘if you don’t ask, you don’t get’, and never has this been more true than in this context. Experience and testing tells me that the earlier you include an ask, and the more direct you are about it, the better the response will be.
Tips to uplift response & income:
- -Include your ask early – the earlier the better
-Repeat the ask several times throughout your copy
-Be direct – phrases like, ‘will you donate today?’, will be more effective than, ‘your support would be appreciated’
[Read in full, Tips 2-7] Source: Beautiful World