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Keynote presentation by Event 360's Jeff Shuck from the 2010 Run Walk Ride Fundraising Conference.
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Focusing on the Metrics that Matter
Jeff Shuck, Event 360, Inc.
DELIVERING EVENT FUNDRAISING RESULTS
THE INCREASING NEED FOR ROI
Tighter budgets
Competition
Need for transparency and accountability
Expectations of shorter payback
Leadership aversion to risk
© Event 360 | Page 2
AGENDA
Linking events to mission
Going beyond basic metrics to find deeper insights
Case study: Komen Global Race for the Cure
© Event 360 | Page 3
LINKING EVENTS TO MISSION
© Event 360 | Page 5
THE EVENT CHALLENGE
© Event 360 | © Event 360 | Page 6
THE FUNDRAISING CHALLENGE
© Event 360 | © Event 360 | Page 7
Mission
Revenue
Gifts
Donors
Participants
Event
© Event 360 | © Event 360 | Page 8
Mission
Revenue
Gifts
Donors
Participants
Event
© Event 360 |
Key Takeaway: You must ask.
An event should not be a way to avoid a fundraising conversation –
it should be a way to spark a fundraising conversation.
© Event 360 | Page 9
GOING BEYOND BASIC METRICS
ABOUT ANALYTICS
Use data to improve decision-making
Don’t be afraid of your data!
It won’t hurt you
You won’t break anything
Even small explorations can yield big insights
You already own a powerful data analysis tool
© Event 360 | © Event 360 | Page 11
ABOUT ANALYTICS
Use data to improve decision-making
Don’t be afraid of your data!
It won’t hurt you
You won’t break anything
Even small explorations can yield big insights
You already own a powerful data analysis tool
© Event 360 |
Key Takeaway: Analytics is about making sure that
what you know is actually true!
© Event 360 | Page 12
MEAN, MEDIAN, AND MODE
© Event 360 | Page 13
Participant Amount Raised
1 $10
2 $10
3 $10
4 $15
5 $20
6 $45
7 $100
Total $210
• Average: $30
• Median: $15
• Mode: $10
MEAN, MEDIAN, AND MODE
© Event 360 | Page 14
Participant Amount Raised
1 $10
2 $10
3 $10
4 $15
5 $20
6 $45
7 $100
Total $210
• Average: $30
• Median: $15
• Mode: $10
Key Takeaway: Always calculate median and mode
in addition to mean.
© Event 360 | Page 15
Area Key Metrics
Event • Number of events• Participant satisfaction• Repeat attendance
Participants • Number of participants• Registration time• Team participation
Donors • Number of donors• Donors per participant• Percentage of participants with zero donors• Percentage of self-donations and goal• Number of emails sent per participant
Gifts • Number of gifts• Amount per gift
Revenue • ROI• Compound annual growth rate• Growth against national benchmark
© Event 360 | Page 16
Area Key Metrics
Event • Number of events• Participant satisfaction• Repeat attendance
Participants • Number of participants• Registration time• Team participation
Donors • Number of donors• Donors per participant• Percentage of participants with zero donors• Percentage of self-donations and goal• Number of emails sent per participant
Gifts • Number of gifts• Amount per gift
Revenue • ROI• Compound annual growth rate• Growth against national benchmark
© Event 360 | Page 17
Area Key Metrics
Event • Number of events• Participant satisfaction• Repeat attendance
Participants • Number of participants• Registration time• Team participation
Donors • Number of donors• Donors per participant• Percentage of participants with zero donors• Percentage of self-donations and goal• Number of emails sent per participant
Gifts • Number of gifts• Amount per gift
Revenue • ROI• Compound annual growth rate• Growth against national benchmark
© Event 360 | Page 18
Area Key Metrics
Event • Number of events• Participant satisfaction• Repeat attendance
Participants • Number of participants• Registration time• Team participation
Donors • Number of donors• Donors per participant• Percentage of participants with zero donors• Percentage of self-donations and goal• Number of emails sent per participant
Gifts • Number of gifts• Amount per gift
Revenue • ROI• Compound annual growth rate• Growth against national benchmark
© Event 360 | Page 19
Area Key Metrics
Event • Number of events• Participant satisfaction• Repeat attendance
Participants • Number of participants• Registration time• Team participation
Donors • Number of donors• Donors per participant• Percentage of participants with zero donors• Percentage of self-donations and goal• Number of emails sent per participant
Gifts • Number of gifts• Amount per gift
Revenue • ROI• Compound annual growth rate• Growth against national benchmark
EXAMPLE: DRIVING ATTENDANCE
Number of Participants 1,100
Total Amount Raised $165,000
Percent Participants on Team 60%
Percent Participants with Goal 40%
Percent Participants at $0 65%
• Small event with good fundraising
• Growth in the right kind of attendance is necessary
• Action steps:
• Drive team participation
• Consider registration fee incentives
• Be careful not to undermine fundraising culture
© Event 360 | © Event 360 | Page 20
EXAMPLE: DRIVING FUNDRAISING
Number of Participants 21,059
Total Amount Raised $1,105,000
Median Time as Registrant 84 days
Number of Donors 31,450
• Question the ROI of any attendance-based activities
• The event already has healthy attendance
• A fundraising culture is lacking
• Action steps:
• Drive team fundraising through team captains
• Segment and focus on getting participants with goals off the dime
© Event 360 | © Event 360 | Page 21
Case Study: Komen Global Race for the Cure
FOCUSING ON THE METRICS THAT MATTER
GROWTH OPPORTUNITIES
Strong brand and base of support
45,000 participants, 55,000 donors
30,000 participants with $0 and 0 donors
Average fundraising of $60
Average donation of $60, modal donation of $25
Dependant on 10% of participants for 99% of revenue
Basic CRM implementation
© Event 360 | Page 23
2009 STRATEGIES
Targeted, segmented communication
Clear calls to action
Improved online tools
Personal networking with veteran team captains
Overhauled registration fee and fundraising structure
© Event 360 | Page 24
Key Takeaway: An effective strategy has
several components.
SEGMENTATION
Segment Number Total Contributed Approach
Attendees 31,902 $0 Education and contact
Beginning fundraisers 11,268 $793,000 Intense encouragement
High performers 2,393 $1,380,000 Affirmation and thanks
Ultra performers 82 $393,000 High personal touch
Team captains 2,000 “Every walker a fundraiser.”
© Event 360 | Page 25
SEGMENTATION
Segment Number Total Contributed Approach
Attendees 31,902 $0 Education and contact
Beginning fundraisers 11,268 $793,000 Intense encouragement
High performers 2,393 $1,380,000 Affirmation and thanks
Ultra performers 82 $393,000 High personal touch
Team captains 2,000 “Every walker a fundraiser.”
© Event 360 | Page 26
SEGMENTATION
Segment Number Total Contributed Approach
Attendees 31,902 $0 Education and contact
Beginning fundraisers 11,268 $793,000 Intense encouragement
High performers 2,393 $1,380,000 Affirmation and thanks
Ultra performers 82 $393,000 High personal touch
Team captains 2,000 “Every walker a fundraiser.”
© Event 360 | Page 27
SEGMENTATION
Segment Number Total Contributed Approach
Attendees 31,902 $0 Education and contact
Beginning fundraisers 11,268 $793,000 Intense encouragement
High performers 2,393 $1,380,000 Affirmation and thanks
Ultra performers 82 $393,000 High personal touch
Team captains 2,000 “Every walker a fundraiser.”
© Event 360 | Page 28
SEGMENTATION
Segment Number Total Contributed Approach
Attendees 31,902 $0 Education and contact
Beginning fundraisers 11,268 $793,000 Intense encouragement
High performers 2,393 $1,380,000 Affirmation and thanks
Ultra performers 82 $393,000 High personal touch
Team captains 2,000 “Every walker a fundraiser.”
© Event 360 | Page 29
SEGMENTATION
Segment Number Total Contributed Approach
Attendees 31,902 $0 Education and contact
Beginning fundraisers 11,268 $793,000 Intense encouragement
High performers 2,393 $1,380,000 Affirmation and thanks
Ultra performers 82 $393,000 High personal touch
Team captains 2,000 “Every walker a fundraiser.”
© Event 360 | Page 30
Key Takeaway: Think in segments.
Talk to different participants differently.
* Through Convio
A SKIN G W O RKS
© Event 360 | Page 31
IMPACT ON EMAILS SENT
Key Takeaway: Tailor the ask to something
specific the participant can do.
© Event 360 | Page 32
IMPACT ON USE OF ONLINE TOOLS
© Event 360 | Page 33
GOAL PERFORMANCE
© Event 360 | Page 34
2008 2009
Goal $250 $125
Participants Raising $125 10% 12%
Participants Raising $250 6.2% 6.4%
Key Takeaway: Structure minimums and goals
so that they are attainable and motivational.
* credited to a participant or team
IM PA CT O N N U M B ER O F D O N A T IO N S
© Event 360 | Page 35
IMPACT ON DONATION SIZE
* credited to a participant or team
© Event 360 | Page 36
THE IMPACT ON FUNDRAISING
© Event 360 | Page 37
Mission
Revenue
Gifts
Donors
Participants
Event
© Event 360 | © Event 360 | Page 38
Get the Guide
Visit www.event360.comto download the companion guide to this presentation.
© Event 360 | Page 39
Jeff ShuckPresident & CEOEvent 360, Inc.773.247.5360, extension 200jeff@event360.com
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