5 Things you need to Consider before Launching a Monthly Giving Program

5 Things you need to Consider before Launching a Monthly Giving Program

So you are planning to start a monthly giving program for the needy? Well, before you finalize your plan, have a close look at these aspects that you ought to consider before you start your charity program.

Monthly giving programs emphasize on regular contribution to support the needy. One can plan regular visits to their place or choose a reliable way to transfer sufficient funds to an organization.

You need to ensure that your program focuses on delivering the adequate services without any delay. Since you are not alone in this noble cause, make sure the contribution reaches the destination on time.

Here’s a list of things that you need to consider before Launching a monthly giving program.

Focus on the Needs

Numerous people running an organization for helping the needy usually focus on product names rather understanding the fact that donors want to support the mission. Creating a brand name and ignoring the basic needs of the giving program isn’t a good idea.

Ensuring adequate funds are transferred on time, and proper management of the accounts should be your biggest priority. A little research would be required to get an overall idea of managing the things.

Enroll Donors

The primary element that you need to consider for a successful monthly giving program is the availability of potential donors. You need to gather ample information regarding the donors that are willing to contribute to improving the life of others. Moreover, it is entirely your responsibility to ensure that each donor utilizes a fair means of the transaction to provide financial help.

It is a common thing that people usually start enthusiastically in the beginning but eventually fail to contribute on a monthly basis. Sometimes a delay in the contribution could significantly lead to a mismanagement of several things that directly or indirectly depends on funds.

Identify your Target Audience

One of the imperative tasks is to analyze your audience and prepare a strategy to reach the potential donors. Though it is a noble cause, you still need to market your program as a brand to attain maximum attention.

People are usually unable to identify the donors and the area that they need to focus on getting the adequate support. Moreover, one can consider approaching the audience by organizing social campaigns. A non-profit organization can launch a campaign on websites like ABC Fundraising to share their needs and raise money from anything, for example, to do with the community such as  church fundraising. In other words, proper planning is necessarily crucial to make your monthly giving program successful regarding gaining popularity and generating funds.

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Your job is not to directly convenience donors for giving monetary help; rather you need to explain the importance of setting up a monthly gift. There could be a vast difference between your thinking and the expected reaction of the donors: you only need to convey the message, rest is in their thinking.

What and how would you Ask

Many people seeking a good response from the public are eventually stressed regarding the approaching to the donors. Repeating the lines used by every organization seems a little mainstream, and hardly makes any difference.

You can start explaining your aim and include the average monthly gifting amount so that the other person can give a second thought for that much of amount. Apart from this, you must ensure that the other person builds a trust in your organization, which is perhaps necessarily crucial.

Pick an Appealing Name

You would be certainly wondering that what’s in the name. Well, the name of the program is perhaps the first thing that captures your attention and eventually decides the reliability. A unique brand name is an essential component of your campaign and monthly giving program to magnetize potential donors.

Sometimes a little effort in branding your name could take you a long way towards your desired goals. Though a planned management of accounts and resources is on the top list, a representing your organization as a brand could be a game changer.

Conclusion

Encouraging donors for the noble cause is an excellent way to seek monetary help. One should keep in mind the aspects mentioned-above before starting a monthly giving program.

About :

Evelyn works for Webris, a technical SEO marketing agency who focus on digital marketing. You can find some tips and training videos on their YouTube channel to get some help.