The Nonprofit Podcast Ep 129| Maximize Monthly Giving: The 3-R Incentive Formula (Part 2)
Building on last week's episode, today we unpack how nonprofits can transform one-time donors into loyal supporters using the "3-R Formula" — Reciprocity, Rewards, and Recognition.
Jena and Cara share practical strategies to enhance monthly giving and strengthen donor relationships by leveraging the power of incentives.
Learn how to:
- Use reciprocity to create mutual exchange and encourage continued support.
- Offer rewards that reinforce positive giving behavior and foster a sense of exclusivity.
- Provide meaningful recognition to make donors feel appreciated and valued.
Start applying these strategies today to boost your nonprofit's monthly donations and build a stronger, more engaged community of supporters!
Check out our Nonprofit Blog for additional advice on growing monthly giving:
- 10 Quick Tips to Create a Great Monthly Giving Program: Create a Great Monthly Giving Program (Recurring Donations)
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