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COVID-19 Crisis Alters Tactics for Fundraising Success

In a previous post, AccuList joined other experts to stress the importance of nonprofit clients staying the course on fundraising despite the coronavirus crisis altering the social and economic landscape. But fundraising tactics will need to alter to navigate that landscape, of course. Recent fundraising pro articles highlight some smart ways to approach existing and potential donors during the crisis.

Adapt by Expanding Digital Communications & Events

In a recent NonProfit PRO post, for example, C.J. Orr, vice president, and Katie Nichols, senior associate director, of the Orr Group fundraising agency, put together some quick tactic shifts for fundraisers, especially those that had been counting on events to tap donors. First of all, don’t panic and cancel events, they advise, but reschedule or repurpose. If an event can be postponed, a nonprofit may be able to transfer tickets/table buyers to the future event instead of giving or issuing a refund, and can add touchpoints with donors and prospects along the way. Or, the fundraiser can switch to a digital event, perhaps with livestreaming. Indeed, this is an opportunity to go digital in multiple targeted ways, they suggest, starting with more social media ads, paid search ads and SEO efforts aimed at the target audience. For example, now is a good time for a digital forum, such as a virtual “fireside-chat” with a subject matter expert discussing COVID-19 and its impact on the mission and incorporating a fundraising ask. Or the nonprofit can tap top-of-mind concerns and promote itself as a thought leader with an article on the COVID-19 impact posted on social media as well as e-mailed to donors and prospects. Plus, remember that over 80% use smart phones, so that mobile-optimized promotion is essential. And don’t forget old-school, nondigital communications, such as direct mail and phone calls. The authors suggest building out a phone-call list of top funders, with strategic talking points, for example.

Seize the Opportunity to Increase & Improve Social Media Efforts

Michael Wasserman, CEO of the stream fundraising platform Tiltify, used another NonProfit PRO post to stress how the current crisis should push fundraisers to boost use of social media as people naturally turn to social platforms to replace the lack of in-person interaction. The potential audience is huge: almost 80% of the population uses social media, with Facebook and YouTube having over 2 billion users per platform. Even newer sites like TikTok boast 500 million, Discord gets 250 million, and Twitch attracts 15 million daily visitors. Note that the Facebook Fundraisers tool has already raised over $2 billion, Wasserman points out, while even newcomer Twitch has raised over $115 million for various charities. So charities that still use elementary fundraising pages with a simple donate button, some text and an image are missing big opportunities to compete for attention in a space that the crisis is making even more crowded. He urges nonprofits to focus more on enticing content, such as video, which can leverage YouTube, the No. 2 search engine in the world with 2 billion registered users. Nonprofits should also consider using social livestreaming events for fundraising. An effort of a few hours can generate more than a campaign of months, he notes, citing the example of a group that raised in a week the amount it costs to run St. Jude Children’s Research Hospital for a day, which is about $2.7 million. As an example of how to gin up donations, he imagines livestreaming a music celebrity connecting and interacting with fans online, perhaps asking people to donate in order to choose songs or get signed merchandise giveaways.

Social Distancing Doesn’t Stop Creative Outreach to Major Donors

What about the impact of “social distancing” on the traditionally face-to-face connections that engage major donors? Suzanne Hilser-Wiles, president of philanthropic consulting firm Grenzebach, Glier and Associates, offers some tips in a recent piece in The Chronicle of Philanthropy. Start by showing you care and reach out quickly to ask how the donor is faring and discuss how the nonprofit is responding to the crisis. Enlist top executives to communicate with major donors about plans for moving forward, with consideration for the appropriate communication channel; for example, e-mail can quickly provide a direct but formal assurance, while social-media platforms offer a more human touch. Ad hoc “investor calls” may be appropriate for smaller groups of donors. For major donors and prospects, consider developing a specific message with a more in-depth perspective and request for their input. Highlight the nonprofit’s expertise and how gifts support efforts relevant to the COVID-19 crisis. A museum might share national media interviews with staff members, or an academic medical center might point to resources on the university’s coronavirus webpage, for example. And don’t abandon events; get creative with virtual format substitutes, such as a conference call or webinar to let donors stuck at home see a presentation about a gift opportunity. For example, instead of a brunch with a scholarship recipient, donors can have a phone or video call with the student, she points out.

 

Metrics, Video and Shopping Lead 2020 Social Media Trends

Moving into 2020, AccuList’s clients using social media marketing have a busy, changing landscape to navigate, with expanding opportunities. Social media experts highlight some new trends, some ongoing trends, and some ideas just over the horizon.

Say Goodbye to Vanity Metrics, Marketers

Among the top trends highlighted in a recent Entrepreneur magazine article by Deep Patel is a de-emphasis of social media “vanity metrics,” such as follower counts and “likes.” In fact, Instagram is following Facebook in removal of public likes of other members’ Instagram posts, although you can still see the number of likes on your own posts, which will help combat the sometimes fake likes and followers that can misrepresent brand and influencer power. Hopefully, marketers will take it as a signal to seek more actionable metrics, such as the rate and quality of user engagement, or user demographics and data for audience targeting. While social media management provider Sprout Social’s “Sprout Social Index” monitoring still shows likes/comments as the leading measure of social success (72% of marketers), followed by shares/retweets (62%), nearly two-thirds of marketers surveyed felt that social listening will be more crucial in 2020, meaning a greater concern with what’s being said rather than how many people are talking or looking at a single post. One reason vanity metrics are fading is that social marketers are being held more accountable for bottom-line results as the Sprout Social Index now finds that 63% of marketers regularly report social data to their bosses.

Video’s Social Power Keeps Growing

Brent Barnhart at Sprout Social joins Patel at Entrepreneur in listing video as a continuing growth trend for 2020. Video will make up 82% of all internet traffic in 2020, according to Social Media Today, and, as Barnhart notes, YouTube is second only to Facebook in terms of active users now, with Chinese-owned social video app TikTok bounding up as the latest video market disrupter, catering especially to Gen Z and influencers. Patel urges brand marketers to prepare for video formats to reshape marketing strategies, with more stress on creative storytelling that engages viewers in seconds (especially on platforms where the like button goes away). Meanwhile, increased use of audience segmentation is expected to drive a new “personalized video” marketing trend toward content that is customizable and hyper-relevant to specific market segments, notes Patel. Now that social media platforms, including Facebook, Instagram and Snapchat, are pushing brands to produce video content through Story Ads that get higher click-through rates than traditional ads, personalization will take response, and video use by marketers, even higher.

Social Shopping Is More Direct and Targeted

Social shopping is now an integral part of the social media experience, per Barnhart and Patel. Patel advises marketers that, to meet user expectations for access to brands and products through social platforms, they need to combine creative and engaging storytelling (which often relies on videos and influencer marketing) and a frictionless shopping experience where customers don’t need to leave the social media site to buy products. Watch for an increasing number of shoppable posts, stories and links on all social media sites. Barnhart likewise sees increased direct business from customers on social media and points to examples such as Facebook’s roll-out of personalized ad experiences that deliver products dynamically to customers, changing formats (such as carousel and collection) and call-to-action varied by audience targeting. Other proofs of direct social-selling growth include Instagram’s introduction of shopping and even LinkedIn changes to its ad platform to help B2B brands push products to relevant customers.

Influencer Marketing Turns to Smaller, Tighter Connections

Patel predicts that big-is-better, celebrity influencer marketing, while not going away, will be increasingly supplemented by use of micro- and even “nano-influencers” with only a couple thousand followers. These nano-influencers have smaller, better-defined audiences that allow for greater personalization and stronger audience engagement, delivering more measurable results. Barnhart agrees and says brand-marketer interest in smaller-audience influencers is a reaction to both the rise in “fake influencers” and the trend away from  “likes” as a key engagement metric. Brands are increasingly interested in influencers who can back up their cost with metrics and audience data. Nano-influencers also address another trend identified by both Patel and Barnhart: an audience shift from public to private, tight-knit communities on social media. Nano-influencers are one way to connect with those tight-knit communities and build trust and engagement there.

For many more social media trends, see the Entrepreneur article.