For effective planned giving marketing, you really should be keeping track of your metrics. That’s because it’s not like traditional fundraising. You can’t send out a letter and count the dollars 6 weeks later. It just doesn’t work the same way.
I’ve seen some foolish things in planned giving marketing. But one of the worst mistakes you can make is to look at immediate revenue as your number one metric. Instead, since planned giving marketing involves a long-term fundraising strategy, you really need to measure “activities”… not dollars.
This has been proven effective in the private sector for enterprise-level sales (and you better believe that planned giving is an enterprise-level sale) where the best sales managers and marketing directors know that you shouldn’t only measure outcomes. Rather, you should measure activities. If the activities are happening and the numbers are going in the right direction, the revenue WILL follow. It works every time without fail.
Here are the activities we recommend you measure for effective long-term planned giving marketing:
1- Lead generation and disclosures
2- Awareness/reached Number of people reached with planned giving messages in the following:
3- Cultivation numbers Number of people nurtured with on-going messages multiplied by the frequency of those messages via:
4- Engagements With the right software, you can now track individual prospect engagement with your organization online including:
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