|
Capability Company is a leading executive search firm
serving nonprofit organizations, institutions of higher
learning and government agencies.
This is the summer edition of our e-zine, a periodic
newsletter to provide information on business growth
and marketing issues to consultants in the nonprofit
sector. I hope you find this edition's article
informative and useful.
Regards,
Rebecca L. Worters, CFRE
| It Really is Different: Seven Tips for Marketing to Nonprofits |
 |
|
by Rebecca Worters
As a consultant or vendor to nonprofit organizations,
you have special challenges in marketing your service
or product. What's different than marketing to
for-profits? Here are seven tips that can help you
market in the nonprofit sector:
- Expect a long sales cycle.
A nonprofit has many different constituents. Often
the board, executive committee, major donors and
other people need to okay a decision before it can
reach final approval. A major purchase, such as a
contract for capital campaign fundraising consulting,
can take up to 18 months or more to complete. The
key is patient persistence. Following up diligently
over the long-haul keeps your proposal fresh.
- Consider affordability.
Most nonprofits have tight budgets. Products or
services that are overpriced are unlikely to sell. It's
also helpful to show how a product or service will
benefit the organization's bottom line. For an
example of a return on investment calculator, visit www.capabilitycompany.com.
Offering flexible terms for payment may
help the nonprofit maximize cash flow.
- Join the right organizations.
Are you a member of the Association of Fundraising
Professionals? Are you a supporter of your region's
or state's nonprofit organization association? If you
market to higher education institutions, consider
joining Council for the Advancement and Support of
Education. The Association of Healthcare
Professionals is for those who encourage philanthropy
in hospitals and other healthcare organizations.
Networking in these groups expands your reach and
introduces you to your prospective market.
By becoming active on a committee or presenting at
an association conference, you can enhance your
visibility even further.
- Form alliances with your peers.
Who says all other consultants or nonprofit vendors
are competitors? There are likely symbiotic ways you
can work together. A consultant or vendor for
nonprofits can be a great source for business
referrals. Make sure they know about you and your
products and services so they can easily refer you
and your company. One way to further network with
your peers is to join the Alliance for Nonprofit
Management. They promote capacity building in the
sector by both consultants and nonprofit
associations. To serve your client in the best
way, it's helpful to have a network of consultants
and vendors who provide different services. Then
you can save your client time and trouble by pointing
them in the right direction.
- Talk to funders.
Corporations, foundations and individual donors are
revered by most nonprofits. A referral or
endorsement from one of these institutions increases
your chances of a sale. Funders are familiar with a
number of nonprofits and are some of the first to be
aware of an opportunity for a vendor or consultant.
Many organizations like to support capacity building
within organizations. If your product or service fills
that need, you may find the source of your pay is a
grant or gift.
- Know your stuff.
Do you know the latest fundraising techniques and
tools for strategic planning? Keeping up with the
nonprofit community is a must. Read the
Chronicle of Philanthropy, the Nonprofit
Times, Philanthropy Journal and
newsletters put out by nonprofit associations. Read
the latest books by nonprofit professionals so you will
be in a position to help your clients succeed.
Attending workshops and conferences for content,
not just networking, keeps your knowledge
fresh.
- Care.
Most people who work for nonprofits care about the
cause they are serving. They find meaning in their
work beyond monetary reward. Your motivations for
being in this sector are evident to your clients. Of
course you want to make money. Just remember
that when your values are aligned with your clients'
values, you'll be a trusted long-term partner in
helping the nonprofit achieve its mission.
|
| Capability Company Survey for Consultants/Vendors to Nonprofits |
 |
|
Did you get our recent nonprofit
consultants/vendors
survey in your inbox? If you didn't receive it or if you
have questions about it, please contact me at
rebecca@capabilitycompany.com. If you did
receive it, please fill it out. It only takes about 7-10
minutes.
|
|
Capability Company's New Calculators and Wizards |
|
|
|
Try our new Calculators and Wizards to
analyze your options to:
- conduct an employee search for yourself, or
- utilize the services of a professional executive
recruiter
Calculate your Cash Flow from using an
Executive Recruiter
- Try our four-step calculator to estimate the value
of using an Executive Recruiter instead of attempting
to fill a vacant position without assistance.
- Learn how the unpaid salary provides the
finances for the recruitment fees.
- Calculate the losses from inactive development
efforts.
- Determine the value of management and clerical
time devoted to the recruitment process
Score your Internal Recruiting
Strengths
- Try our six-step appraisal of your abilities to fill
the position without the assistance of an executive
recruiter.
- Compare your score with industry norms to make
a more rational judgment of your strengths and
weaknesses.
|
|