Long Tail Development & Not For Profits
In patron and donor supported organizations, The Long Tail is often been dismissed as too costly or too time consuming – but in these economic times perhaps a second look is due.
In current marketing lingo the term Long Tail dates back to a 2004 Chris Anderson article in Wired Magazine describing the concept, which roughly says that selling a large numbers of low volume/obscure items is a viable revenue strategy. As Anderson says, "The economy is increasingly shifting away from a focus on a relatively small number of hits toward a huge number of niches in the tail." There is an analog for patron/donor supported organizations.
Stay with me on this, as you aren't selling rare books or renting obscure videos which typically benefit from a Long Tail, but there is a correlation, an analogy between Long Tail marketing and your lists of volunteers, friends and other occasional patrons and donors. McKinsey, the consulting organization, suggests a new methodology for segmentation, segmenting donors/patrons through their usage or participation patterns.
If you organization doesn't do patron or donor segmentation in fundraising call me as this may be too much of leap, but a trial in targeting by participation or usage patterns, may help in these difficult times.
In current marketing lingo the term Long Tail dates back to a 2004 Chris Anderson article in Wired Magazine describing the concept, which roughly says that selling a large numbers of low volume/obscure items is a viable revenue strategy. As Anderson says, "The economy is increasingly shifting away from a focus on a relatively small number of hits toward a huge number of niches in the tail." There is an analog for patron/donor supported organizations.
Stay with me on this, as you aren't selling rare books or renting obscure videos which typically benefit from a Long Tail, but there is a correlation, an analogy between Long Tail marketing and your lists of volunteers, friends and other occasional patrons and donors. McKinsey, the consulting organization, suggests a new methodology for segmentation, segmenting donors/patrons through their usage or participation patterns.
If you organization doesn't do patron or donor segmentation in fundraising call me as this may be too much of leap, but a trial in targeting by participation or usage patterns, may help in these difficult times.
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1 comments:
Yes! It is nice to have a few LARGE accounts/donors. It may be even more importaant to have a large number of smaller donors/accounts.
Keep in touch with them .. a letter, e-mail or call every six months goes a long way towards getting their business/donation when they feel thay can make on.
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