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Once you know your attrition rate, another "A" kicks in — acquisition. How are you going to replace those donors that you simply can't salvage, no matter how hard you try? (And you are trying, right? You do have a strategy for lapsed recovery, don't you?)
In my experience, the best way to convince a board and senior management that you need to invest in acquisition is to show them a worsening trend in your attrition rate. So this week, if you don't know your attrition rate, take steps to calculate this critical statistic.
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Pamela Barden
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Pamela Barden is an independent fundraising consultant focused on direct response. You can read more of her fundraising columns here.
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