Do giving incentives work?
When it comes to recurring giving, it’s really common for organizations to offer incentives like t-shirts, tote bags, and other typical marketing materials.
But are those things the best incentives for donors to give more generously?
In this experiment, the organization tested adding what I would call “Value-focused Incentives” as well as additional explainer copy about why they should give monthly rather than just once.
Let’s take a look.
Hypothesis
Adding an additional “value-focused” incentive for making a monthly recurring donation will increase the number of recurring donors.
Why might this work?
Clarifying the benefits associated with a monthly gift provides additional clarity around why someone should give monthly rather than just once.?
The treatment also provides an incentive to give at the $20/month level or higher. But these incentives aren’t just one-time giveaways. Instead, they’re using content that will serve as a cultivation tool and allow the monthly donor to gain a deeper understanding of the impact of their donation.
领英推荐
Control
Treatment
Results
By adding these additional monthly giving benefits, the treatment increased recurring giving by 138%.
Some tips for testing this (and other) ideas
Sr. Manager Marketing Strategy & Systems
7 个月Bryant Richardson ??