Understanding Your Donors During a Recession

Today we’re going to talk about how rich people, your major donors, think during a recession. The important thing to remember is that even though some people are struggling right now, not everyone is. Your most generous donors are generous even in a recession. The best data you can get will come directly from your donors’ mouths when you ask them directly. Many of them prioritize generosity and want to be known by that. Your donors are generous people and when you treat them as such, that’s how they’ll behave.Even though they may not be personally struggling financially, recessions are stressful and there is more consideration in what to do philanthropically. You must have a crystal clear vision of impact for the future, and you need to be really efficient in how you talk about your work.Being able to articulate your big vision will inspire people, and that’s what you want. You want it to be obvious that it’ll take a massive amount of capital to make a massive impact. Be straightforward in your communication so your donors know why you need their unique value and their unique contribution. That’s when it becomes important to qualify your leads to be sure they’re mission aligned.Finally, you have to be able to deliver and report back on the impact of the gift, regardless of whether there is a recession. Anybody can write a check and get a tax write-off, but wealthy people want to make an actual difference.If you’re ready to double or even triple your individual giving and start 2023 strong, come grab your spot at CourageLab today! https://nonprofitcouragelab.com/Music credit: With the Flow by Fin ProductionsA Podcast Launch Bestie production