Brad Bell, our Head of Video, is in Kenya. Over the next two weeks he'll be working on a project which we think will revolutionise the way charities talk to their supporters. We hope to prove the power of giving donors inspirational feedback on how their donations are spent.
We believe that more than anything, donors want feedback on how their previous donations have been spent. And that this is the most important element of great donor care, stewardship or relationship fundraising (choose your preferred term!).
We're going to give this feedback primarily through the use of video, delivered online. Because that is the medium that gives us the most exciting opportunities to inspire donors, to deliver feedback cost-effectively… and to get our donors sharing their passion for the charity with their friends.
Our partner on this journey is the wonderful charity, SolarAid who we've had the privilege of working with over the last two years. Brad will be visiting several SolarAid projects and filming the progress that's being made. He'll be blogging while he's out there (access permitting) and you can see how the project progresses over the next year: from Kenya back to the UK – see the videos we'll be producing, how SolarAid supporters react to them and the difference this feedback will make to their loyalty to the charity (yes of course we'll be testing it!).
You may think that this is a big investment to make. The return on such an investment would have to be considerable to make it worth you doing. Well, consider this:
In the first five pages of their superb book, Building Donor Loyalty, Professor Adrian Sargeant and Elaine Jay present a powerful model on the value of improving your donor retention. They show that a 10% improvement in donor retention can translate into anything between a 50% to 200% improvement in the lifetime value of those donors (depending upon how you calculate it).
This mind-blowingly important observation is why we are doing this. It should be the foundation of every charity's individual donor programme.
So welcome to our Glass Workshop. Where you can look inside and watch, throughout 2010, how this experiment unfolds and get involved by joining the discussion.
If you'd like to talk to us about what we can do for your charity, well you know where we are. Just step inside the Glass Workshop!
Mark Roper