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Top 10 Political Fundraising Do's and Don'ts
by Joe Garecht
This article appeared in
the September 26, 2001 issue of the
Local Victory Newsletter.
1. DO have a fundraising plan.
Every campaign, no matter how small, must have a fundraising plan in place
that spells out how much money is to be raised, when that money is needed,
what it is needed for and how it is going to be raised. In order to fundraise
successfully, this plan should be in place before an individual announces
his candidacy for office. For more information on successful fundraising
plans, visit:
http://www.localvictory.com/Fundraising_Plan.html/
2. DO have a fundraising event immediately after announcing.
Unless local custom prevents it, the candidate should have a "kick-of"
fundraiser on or shortly after the day she announces her candidacy.
Such
an event not only injects needed funds to the fledgling campaign, it also
tests the fundraising apparatus and gives the campaign momentum.
3. DO ask for more that you think a person (or PAC) can give.
If a donor says "yes" to the candidate's first pitch, then the
candidate has undersold himself (unless that pitch was for the legal maximum
the donor could give.) Before asking potential donors to contribute, the
campaign should decide how much it thinks each person could give. The candidate
should then ask the donor to contribute 20% more than that amount. The donor
will usually offer to give an amount somewhere in between the two numbers.
4. DO use fundraising networks.
There are two ways to get a donor to contribute to your campaign: you can
ask her to donate money herself, or you can ask her to get her contacts
to contribute. The successful fundraiser does both. The campaign should
encourage donors to set up fundraising networks, with donors asking friends
and associates to contribute to the campaign. To learn more about setting
up and using fundraising networks, read "Viral Fundraising" at
www.localvictory.com/Viral_Fundraising.html/
5. DO make follow up appeals.
The people most likely to contribute to your campaign are those who have
already made a contribution. Donors have an ongoing stake in your success.
Candidates should be sure to use this to their advantage by contacting each
donor several times throughout the campaign. A good rule of thumb is to
contact donors three times during the campaign: once in the beginning, once
during the middle, and one final "emergency" appeal near election
day. If the campaign keeps donors informed with a newsletter or other "insider
information," they will be even more likely to contribute a second
and third time.
6. DON'T have only "big" or "small" events.
The best way to make sure every possible donor contributes is to have both
"big ticket" and "small ticket" events. There's a large
pool of donors who will not be able to contribute $500 for your black tie
gala, but would be happy to attend a $25 barbecue. Similarly, there are
a good number of donors who would not come to a $10 coffee, but would gladly
attend a $450 candidate's night. Be sure to offer events that tap each pool
of prospective donors.
7. DON'T have fundraisers on Friday nights.
Unless your local custom provides otherwise, steer clear of Friday night
fundraisers. Fridays are when your potential donors are the most tired,
most likely to be traveling out of town, and most likely to want to get
home as quickly as possible. For events that must be on a weekend night,
Saturday is a better choice.
8. DON'T have volunteers or staff make "big ticket" calls.
Having the campaign staff or volunteers make fundraising calls to small
donors or for tickets to events is fine, but never have anyone other than
the candidate make fundraising calls to big donors. Such "big fish"
expect personal contact with the candidate, and will be far less likely
to give if anyone but the candidate is the one who contacts them. It is
usually O.K. to have staff make follow up calls to big donors who have already
given to the campaign.
9. DON'T forget to follow up.
When making fundraising calls to smaller donors, the staff should have "pledge
cards" with blanks to fill in the donor's information and pledged amount.
The cards should read something like "Dear _______, thank you for your
pledge of $_______ I enjoyed speaking with you on the phone today. Please
send a check for the amount to Harrisson for School Board, 123 Main Street."
The campaign can then send these cards out to encourage donors who have
not forwarded their pledge to the campaign to do so.
10. DON'T violate the law.
The federal government, all states and even most counties and towns have
individual campaign finance laws that spell out who can contribute, how
much they may give, what contributions may be spent on, what needs to be
reported, etc. Before beginning any fundraising, the campaign must make
sure that it understands and is ready to comply with all applicable laws
and regulations. |
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