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10 Temptations to Avoid in Acquisition Packages

May 2009 By Jerry Huntsinger

Temptation No. 1
Starting the project by writing the letter.

Here’s what’s happening: You’ve been assigned to create an acquisition package. You’re up for it because you have a great idea. You feel really good about that idea. You are sure it’s a winner. So you sit down and start writing the letter, right? Wrong. The letter is the very last thing you should create.

Temptation No. 2
Creating the package and then finding out how much it will cost.

Start with financial research. What is the cost of the current control? What is your cost per new donor? If you have a great idea but find out that it’s going to almost double the cost of the previous prospect package, you have a big problem. You’ll have to get twice as many donors!

But if you think your new idea is just a whole lot better than the old package, then go ahead and take a calculated risk. In fact, load up the package. Then, if the results are good but the package cost is too high, do a test where you skinny the package down.

You see, what you want is a package that will bring in the highest number of donors at the lowest per-donor cost, with the highest average gift.

Dream on. Somewhere in the above equation, you’ll have to make a decision and then go with it. But don’t go with it blindly.

Temptation No. 3
Creating a package without first examining what you’re
testing against.

If your new idea is very similar to the old idea, then the only increase will be incremental, and it won’t result in a breakthrough. Sometimes incremental is good — and sometimes that’s all you can really expect.

But, of course, you hope for a breakthrough, so that means doing something that is very much different from the current control.

Temptation No. 4
Writing any copy without first working out the design for each piece in the package.

How many pages will your letter be? You don’t have the luxury of just writing page after page until you finally come to an end and only then discover how many pages you’ve written. Every page costs money.

 

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Direct mail, email, mobile, social media, video, search ... the marketing landscape can either be a minefield where mistakes can kill campaigns, or a perfectly integrated mix of channels that maximizes the reach of the message and gives a nonprofit the best chance to capture more donor dollars.  

<b>In <i>"The Art & Science of Multichannel Fundraising" </i> from DirectMarketingIQ, the roadmap to that "perfectly integrated mix" is thoroughly laid out in over 130 pages -- <u>it's specifically created (and priced) for nonprofits</u>. </b>
  
First, 9 chapters from leading fundraisers give you the latest best practices in multichannel fundraising, including how to:  

• Choose the right channels for your campaign 
• Develop creative that works across multiple channels 
• Revitalize the direct mail component of your multichannel mix 
• Make sure email plays its increasingly important role perfectly 
• Seamlessly integrate mobile marketing into the fundraising campaign 
• Boost your online strategy with social media 
• Create a multichannel donor renewal campaign 
• Figure out that you're doing right — via testing and results measurement 
• Use all the pieces of the multichannel puzzle  

Second, in 8 robust case studies, find out the secrets behind multichannel fundraising campaigns that worked.

About DirectMarketingIQ
The Research Division of the Target Marketing Group, DirectMarketingIQ (www.directmarketingiq.com) is the marketers’ go-to resource. Publishing books, special reports, case studies and how-to-guides, it opens up a new world to those who seek more information, more ideas and more success stories in order to boost their own marketing efforts. DirectMarketingIQ has unparalleled access to direct marketing data – including the world’s most complete library of direct mail as well as a massive library of promotional emails across hundreds of categories – and producly produces content from the most experienced editors and practitioners in the industry.

<b>Note: You must have Adobe Acrobat Reader in order to read , The Art & Science of Multichannel Fundraising which is in PDF format.</b> The Art & Science of Multichannel Fundraising

(PDF Download) Direct mail, email, mobile, social media, video, search ... the marketing landscape can either be a minefield where mistakes can kill campaigns, or a perfectly integrated mix of channels that maximizes the reach of the message and gives a nonprofit the best chance to capture more donor dollars. ...

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