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The Psychology of Giving: 18 Tips to Increase Donor Retention and Lifetime Value

Nonprofit Megaphone

However, getting donors to give is only half the battle. The real challenge lies in retaining those donors over the long-term and increasing their lifetime value. This is where understanding the psychology of giving comes into play. This sets you apart from other non-profits and increases the chances of donor loyalty.

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Using Research to Raise More Money

Kivi's Nonprofit Communications Blog

When it comes to fundraising, we often strive to use storytelling and tugging of heartstrings to appeal to potential donors. Research conducted on effective marketing tactics and donor psychology are extremely beneficial to crafting communications that engage donors. But there is a science behind doing this well.

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Dr. James explains how to harness friendship reciprocity to unlock heroic donations

iMarketSmart

These included, “High emotional intelligence” “An ability to read people” “A great memory for faces, names, and personal details” “A tendency to engage with people” even outside their job, and “A love of reading” particularly “popular psychology books.” 13] CASE (Council for Advancement and Support of Education). 8] (2016, June 2).

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How to build deeper connections with your donors using surveys

iMarketSmart

One had response cards with this statement [where “X” was a checked box symbol]: “Annual alumni giving through the Penn Fund directly supports these priorities of undergraduate education. Another experiment tested the effects of reading planned gift donor stories.[71] Psychology studies show the same thing.

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How to develop a ‘character’ in your fundraising stories in 3 steps — according to Dr. Russell James

iMarketSmart

In one experiment, people could donate to help educate six children in Africa.[14] Valuations of human lives: normative expectations and psychological mechanisms of (ir)rationality. It’s too complicated. But there is a solution. Presenting many individuals as one, single cohesive group simplifies the story. doi:10.1016/j.pubrev.2015.05.011.