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Join the Race
5 Proven Success Strategies of the Top Run Walk Ride Events
      Jeff Shuck, President, Event 360 | Vinay Bhagat, Founder & CSO, Convio
Focus on the right metrics




      R2 = 0.49              R2 = 0.94
Basic Special Events Math




     100 people sign up                30 Fundraise         20 Fundraisers Return


                                Each sends 15 email solicitations
                                   Secure 150 gifts (5 each)




30 Do
Nothing


          40 Just Participate                               10 Non Fundraisers Return
Lessons from Successful Events

1. Recruit more effectively
2. Use registration fees strategically
3. Turn participants into fundraisers
4. Help fundraisers be successful
5. Focus on retention
1. Recruit More Effectively: People
• Value quality first, then quantity
 • Examine your organizational bias towards attendance
 • You want participants who will fundraise

• Use what you already know
 • Target past participants who were fundraisers
 • Target team captains
 • Target active supporters on your site, social networks

• Promote family and team registration
1. Recruit More Effectively: People
                                  Event Fundraising Gifts Per Participant
                    60


                    50


                    40                                                                  A vast majority
    Organizations




                    30
                                                                                        of groups yield
                                                                                        just 1-2
                                                                                        gifts/participant
                     20


                     10


                         0
                             1   2   3   4   5   6    7   8   9   10
                     2008 Average Gifts Per Participant
                                                                                 More
                                                                                 than
                                                                                  10
Source: Convio analysis of 171 clients using TeamRaiserTM
1. Recruit More Effectively: Content
• Maximize traffic to your registration pages
 • Search engine optimization and marketing
 • Mix of promotion points e.g. partner sites, viral marketing

• Marketing 101: Segment  Target
 • Understand the reason why people participate
 • Target your messages to those reasons

• Promote family and team registration
 • Inspirational content including video
 • Set the expectation that fundraising is of value
2. Use Registration Fees Strategically

              Average Amount Raised Online                               Registration fees
                                                                         typically help an event
1,400,000                                                                prosper
1,200,000
                                                                     •    Cover or help defray the
1,000,000                                                                 cost of the event
  800,000                                                            •    Set expectation that
  600,000                                                                 commitment is required

  400,000                                                            •    Help weed out participants
                                                                          not likely to fundraise
  200,000
                                                                     •    Ensure higher physical
          0                                                               attendance at the event
                   2005              2006              2007   2008   •    Aid in participant to
                                                                          fundraiser conversion
                      Events With Registration Fees
                      Events Without Registration Fees

Source: Convio analysis of 171 clients using TeamRaiserTM
Registration Fees Caveats
• Can slow participation growth
• NOT guarantee that participants will fundraise
 • It helps, but it is not a sure thing
 • Always try to convert participants to fundraisers

• When is it smart to forgo?
 • Virtual events
 • When your event is very small and your primary goal is
   participation growth
3. Turn Participants Into Fundraisers
• Participation fees /or fundraising minimums
• Email prompts to begin fundraising
• Make it really easy
 •   Send an email that can be forwarded
 •   Suggested content they can send out
 •   URL shortcuts to their personal page
 •   Integration to social networks
 •   Automated address book uploads
Many People, Little Performance
• Without a fundraising minimum, organizations see a heavy
  concentration of zero fundraisers and a very “long tail”
• 5% of participants raise 60% of revenue




Source: Event360 Analysis of organization raising ~$3m per year through events
The Power Of A Fundraising Minimum
• With a fundraising minimum, revenue per participant is much more
  concentrated




Source: Event360 Analysis of large national event program with minimum
4. Maximize Fundraiser Effectiveness
• Gifts per fundraising participant is key metric
• Gift count correlated to solicitations sent
• Activity can be stimulated/enhanced:
 •   Early registration
 •   Progress bar
 •   Coaching emails and scheduled messages
 •   Competition, stories about other fundraisers
 •   Milestone based incentives
 •   Promote team fundraising
More Gifts Means Faster Growth
                           Average Annual Gift Volume Growth

         160%
         140%
                                                                      4th Quartile
         120%
                                                                      3rd Quartile
          100%
            80%
                                                                      2nd Quartile
            60%                                                       1st Quartile
            40%                                                       Total Sample
            20%
             0%



                                Driving gift value is most critical

Source: Convio analysis of 171 clients using TeamRaiserTM
The more time they have, the better they’ll do

                               Average Dollars Raised Leading To 2004 Event

        $450                                 $425

        $400             $375
                                                                 $350
        $350
        $300
        $250                                                                        $225                                             Avg $ Raised
                                $185                  $175                $185                                                       Per Fundraising
        $200                                                                                 $140                                    Participant
        $150
        $100                                                                                                                         Avg $ Raised
         $50                                                                                                                         Per Participant
          $0
                         90 Days          60-90 Days          31-60 Days           0-30 Days



Note: Data includes money raised from both donations and registration fees. Source: Participant Performance Report for one client using TeamRaiser TM
Ask, And You Should Receive




                                     Email volume
                                     drives gift volume




          Days Prior to 2004 Event
Participant Email Volume Key
 • Emails sent by participants is growing across groups
 • Top (4th) quartile growing groups see higher volumes

                            Year Over Year Growth in Email Volume
25000000
                                                                                                          2005
20000000
                                                                                                          2006
15000000                                                                                                  2007
                                                                                                          2008
10000000

 5000000

            0
                     4th Quartile           3rd Quartile     2nd Quartile   1st Quartile   Total Sample

 Source: Convio analysis of 171 clients using TeamRaiserTM
Ask Nicely, And You Will Receive
                Percentage of Participant Center Emails Clicked Thru


    20%

                                                                                                         2006
    15%
                                                                                                         2007
                                                                                                         2008
    10%


      5%


      0%
                4th Quartile           3rd Quartile         2nd Quartile   1st Quartile   Total Sample


                                                       Quality Matters
Source: Convio analysis of 171 clients using TeamRaiserTM
Team Fundraising
• Fastest growing groups (4th quartile) are more common users of
  team based fundraising
                                     Average Team Gift Percentage Trend

  12.00%

  10.00%
                                                                                                         2005
    8.00%                                                                                                2006
                                                                                                         2007
    6.00%
                                                                                                         2008
    4.00%

    2.00%

    0.00%
                   4th Quartile           3rd Quartile      2nd Quartile   1st Quartile   Total Sample
Source: Convio analysis of 171 clients using TeamRaiserTM
5. Focus On Retention
• Most churn 70-80% of participants
• Emphasis should be placed on renewing fundraisers,
  in particular top fundraisers
• Captains are a recruitment “channel”

• Best practices include:
 • Strong acknowledgement
 • Re-recruit early/ immediately
 • Year round email communications
 • Make it really easy to join again
 • Cross-program engagement
Segment Based Relationship Pathways
                Cultivation Part 1   Cultivation Part 2,     Pledge,
                                          Soft Ask           Petition




 Event Donors
                                          Invite to
                   Thank You                               Stewardship
                                       re-participate




    1st Yr
 Participants
                  Thank You             Invite to Be       Special Need
                  Once Again           Team Captain          Appeal



   Repeat
 Participants
Recap: Lessons from Successful Events

1. Recruit more effectively
2. Use registration fees strategically
3. Turn participants into fundraisers
4. Help fundraisers be successful
5. Focus on retention
Questions?
Report Now Available




                 Get your free copy:
                 www.event360.com/resources

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Join the Race: 5 Proven Success Strategies of the Top Run Walk Ride Events

  • 1. Join the Race 5 Proven Success Strategies of the Top Run Walk Ride Events Jeff Shuck, President, Event 360 | Vinay Bhagat, Founder & CSO, Convio
  • 2. Focus on the right metrics R2 = 0.49 R2 = 0.94
  • 3. Basic Special Events Math 100 people sign up 30 Fundraise 20 Fundraisers Return Each sends 15 email solicitations Secure 150 gifts (5 each) 30 Do Nothing 40 Just Participate 10 Non Fundraisers Return
  • 4. Lessons from Successful Events 1. Recruit more effectively 2. Use registration fees strategically 3. Turn participants into fundraisers 4. Help fundraisers be successful 5. Focus on retention
  • 5. 1. Recruit More Effectively: People • Value quality first, then quantity • Examine your organizational bias towards attendance • You want participants who will fundraise • Use what you already know • Target past participants who were fundraisers • Target team captains • Target active supporters on your site, social networks • Promote family and team registration
  • 6. 1. Recruit More Effectively: People Event Fundraising Gifts Per Participant 60 50 40 A vast majority Organizations 30 of groups yield just 1-2 gifts/participant 20 10 0 1 2 3 4 5 6 7 8 9 10 2008 Average Gifts Per Participant More than 10 Source: Convio analysis of 171 clients using TeamRaiserTM
  • 7. 1. Recruit More Effectively: Content • Maximize traffic to your registration pages • Search engine optimization and marketing • Mix of promotion points e.g. partner sites, viral marketing • Marketing 101: Segment Target • Understand the reason why people participate • Target your messages to those reasons • Promote family and team registration • Inspirational content including video • Set the expectation that fundraising is of value
  • 8. 2. Use Registration Fees Strategically Average Amount Raised Online Registration fees typically help an event 1,400,000 prosper 1,200,000 • Cover or help defray the 1,000,000 cost of the event 800,000 • Set expectation that 600,000 commitment is required 400,000 • Help weed out participants not likely to fundraise 200,000 • Ensure higher physical 0 attendance at the event 2005 2006 2007 2008 • Aid in participant to fundraiser conversion Events With Registration Fees Events Without Registration Fees Source: Convio analysis of 171 clients using TeamRaiserTM
  • 9. Registration Fees Caveats • Can slow participation growth • NOT guarantee that participants will fundraise • It helps, but it is not a sure thing • Always try to convert participants to fundraisers • When is it smart to forgo? • Virtual events • When your event is very small and your primary goal is participation growth
  • 10. 3. Turn Participants Into Fundraisers • Participation fees /or fundraising minimums • Email prompts to begin fundraising • Make it really easy • Send an email that can be forwarded • Suggested content they can send out • URL shortcuts to their personal page • Integration to social networks • Automated address book uploads
  • 11. Many People, Little Performance • Without a fundraising minimum, organizations see a heavy concentration of zero fundraisers and a very “long tail” • 5% of participants raise 60% of revenue Source: Event360 Analysis of organization raising ~$3m per year through events
  • 12. The Power Of A Fundraising Minimum • With a fundraising minimum, revenue per participant is much more concentrated Source: Event360 Analysis of large national event program with minimum
  • 13. 4. Maximize Fundraiser Effectiveness • Gifts per fundraising participant is key metric • Gift count correlated to solicitations sent • Activity can be stimulated/enhanced: • Early registration • Progress bar • Coaching emails and scheduled messages • Competition, stories about other fundraisers • Milestone based incentives • Promote team fundraising
  • 14. More Gifts Means Faster Growth Average Annual Gift Volume Growth 160% 140% 4th Quartile 120% 3rd Quartile 100% 80% 2nd Quartile 60% 1st Quartile 40% Total Sample 20% 0% Driving gift value is most critical Source: Convio analysis of 171 clients using TeamRaiserTM
  • 15. The more time they have, the better they’ll do Average Dollars Raised Leading To 2004 Event $450 $425 $400 $375 $350 $350 $300 $250 $225 Avg $ Raised $185 $175 $185 Per Fundraising $200 $140 Participant $150 $100 Avg $ Raised $50 Per Participant $0 90 Days 60-90 Days 31-60 Days 0-30 Days Note: Data includes money raised from both donations and registration fees. Source: Participant Performance Report for one client using TeamRaiser TM
  • 16. Ask, And You Should Receive Email volume drives gift volume Days Prior to 2004 Event
  • 17. Participant Email Volume Key • Emails sent by participants is growing across groups • Top (4th) quartile growing groups see higher volumes Year Over Year Growth in Email Volume 25000000 2005 20000000 2006 15000000 2007 2008 10000000 5000000 0 4th Quartile 3rd Quartile 2nd Quartile 1st Quartile Total Sample Source: Convio analysis of 171 clients using TeamRaiserTM
  • 18. Ask Nicely, And You Will Receive Percentage of Participant Center Emails Clicked Thru 20% 2006 15% 2007 2008 10% 5% 0% 4th Quartile 3rd Quartile 2nd Quartile 1st Quartile Total Sample Quality Matters Source: Convio analysis of 171 clients using TeamRaiserTM
  • 19. Team Fundraising • Fastest growing groups (4th quartile) are more common users of team based fundraising Average Team Gift Percentage Trend 12.00% 10.00% 2005 8.00% 2006 2007 6.00% 2008 4.00% 2.00% 0.00% 4th Quartile 3rd Quartile 2nd Quartile 1st Quartile Total Sample Source: Convio analysis of 171 clients using TeamRaiserTM
  • 20. 5. Focus On Retention • Most churn 70-80% of participants • Emphasis should be placed on renewing fundraisers, in particular top fundraisers • Captains are a recruitment “channel” • Best practices include: • Strong acknowledgement • Re-recruit early/ immediately • Year round email communications • Make it really easy to join again • Cross-program engagement
  • 21. Segment Based Relationship Pathways Cultivation Part 1 Cultivation Part 2, Pledge, Soft Ask Petition Event Donors Invite to Thank You Stewardship re-participate 1st Yr Participants Thank You Invite to Be Special Need Once Again Team Captain Appeal Repeat Participants
  • 22. Recap: Lessons from Successful Events 1. Recruit more effectively 2. Use registration fees strategically 3. Turn participants into fundraisers 4. Help fundraisers be successful 5. Focus on retention
  • 24. Report Now Available Get your free copy: www.event360.com/resources