? The best way to make more money with your print newsletter is to:
[ ] Send it to everyone on your charity's mailing list
[ ] Send it to current donors only
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Answer: Send it to current donors only
Notes and assumptions....
One of the provisions of the Domain Formula, a proven way to make lots of money with your charity's print newsletter, a formula used by experts worldwide, is that you mail ONLY to current donors (those who have given, say, in the last 18 months).
Sending it to those who are not currently making gifts just wastes printing and postage. The correct — and cost-efficient thing to do — is to mail only to those most likely to respond ... and those would be your most current donors.
Mailing your print newsletter to raise money is different than mailing your newsletter in the hope that it will build your agency's brand amongst a certain group of influential people.
The first is fundraising. The second is public relations. The first is measurable in terms of results. The second is not. The first can be cost-justified. The second can't, because its impact is unquantifiable.
When we mail a newsletter, we tend to imagine a large number of people giving it a glance. The truth is gruesomely different: if you mail out 1,000 newsletters to people who are not your current donors, I will safely predict that fewer than a half-dozen people will pay any attention to it. Getting a handful of glances from a 1,000-piece mailing is a costly waste.
Fundraisers rightfully worry that somewhere out in lapsed land is a donor who stopped giving simply because she could no longer afford to. Maybe, though, she will return in the end, with a final gift in her will.
Yup, that does happen from time to time. If you find in your data that someone was a faithful giver then stopped, simply send them an inquiry, asking whether they'd like to stay on your newsletter mailing list. They were a part of the family and maybe they'd like to remain so, even if they can't now give.
Make a habit of cleaning your list and keeping it tight.
I've seen many charities slowed down by barnacle-encrusted lists, lists bearing huge numbers of non-responsive names. A print newsletter gives you the best monetary excuse I know to weed out that list.
[sidebar: the Domain Formula bulleted]