A two-part series where we will explore 8 great ways you can market your company.

Marketing in many people’s minds conjures up glamorous images of flashy and expensive campaigns. The reality of effective marketing couldn’t be further from the truth.

Welcome to The Great 8 of Marketing Success! This is a two-part series where we will explore 8 great ways you can market your company.

And the best part? They are all extremely effective and low-cost.

Number One: Differentiation

What differentiates your offering from that of your competitors? If you don’t have a strong point of differentiation, the only option is to compete on price. That isn’t where you want to be.

Your point of differentiation is not customer service. We are all in the service business. It is a given.

Define what sets your company apart from the competition. Ask yourself:

• What is a superior performing aspect or expertise of your brand that has multiple customer benefits?
• What do your clients really appreciate about your service?
• Why are long term clients still with you?
• What was one of the nicest things a client ever said about how you conduct business?

Number 2: Brand Personality

Your brand must be both differentiating and emotionally relevant. Human beings buy based on their emotions and justify their decisions with logic later. How do you connect with your customers on a more human level? By infusing your brand with its own personality.

The purpose of brand personality is to capture the human characteristics that build and enhance a relationship between brands and consumers.

These characteristics, when executed consistently, make a brand likeable. This is particularly valuable for marketing because it determines whether the look and feel of the execution is right. If a communication does not pass our “personality test,” then the consumer should never see it.

Companies who invest in their brand enjoy the following benefits, to name a few:

• Higher price points and less pricing pressure
• Greater market value
• Reduced competition
• Increased business opportunities (partnerships, licensing deals, acquisitions)

Define your brand personality. What four to five adjectives define your brand?

Number 3: Marketing Plan

Marketing plans serve as a roadmap, with measurable goals and defined tactics outlining how you will reach those goals. A marketing plan also:

• Determines your marketing budget for the year
• Ensures that your company will be proactive and not reactive
• Keeps you focused on your target clients and customers. You can’t be relevant to everyone.
• Organizes your time and priorities

Components of a marketing plan include:

• Market research
• Target market
• Positioning
• Competitive analysis
• Metrics / Goals
• Strategies
• Tactics
• Budget

You need a roadmap, a marketing plan, to maximize your resources. Remember, hope is not a strategy. Having a sound marketing roadmap is.

Number 4: Business Card

Yes, even in today’s tech-savvy world, business cards are still relevant. We have all been in a place where the Wi-Fi connection was weak, or our cell service was spotty. It’s oftentimes easier and faster to hand someone your card.

Business cards create a quick first impression of your company. If they are different and/or cleverly designed, they can also set you apart from your competition.

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Stay tuned for the Great 8, Part II. We’ll explore four more effective, low-cost ways you can market your company.

Without a defined marketing strategy, a company runs the risk of chasing marketing tactics that might not work. It’s tempting to chase every trend or try to do #allthethings. But it’s far better to focus on executing a few things right than to try to do everything and accomplishing nothing.

Take a step back and give some serious thought towards your marketing strategy.

Strategy First

The terms strategy and tactics are frequently used interchangeably but they are not the same thing. A company’s strategy will define the marketing tactics they should use, not the other way around.

At the core of every marketing strategy are five things: goals, a value proposition, target audience, competition and your marketing messages.

Goals
Choose goals that are SMART, or Specific, Measurable, Attainable, Relevant and Timely. Having SMART goals keeps you and your team accountable.

Here are some examples of SMART goals:

• Grow e-newsletter list to 50,000 subscribers by the end of the year.
• Increase website traffic by 50% with SEO and content efforts.
• Convert and capture at least 1,000 leads over the next three months.

Value Proposition
What value does your product or service bring to your customers? How is your company different from your competitors?

Target Markets
“Everyone” is not a target. Think about the annual income of your target customer, where they hang out online, age or stage of life, what industries they work in, education level, and their motivations for buying your product.

For B2B customers, this may look slightly different. What is the annual revenue of your target client? Who makes the purchasing decisions for the product or service that you sell?

Competition Identify and know the competition. Run a competitive analysis and/or create a competitive profile matrix. Know what your company is doing that is both different and better than the competition. Define your competitive advantage.

Marketing Messages
Your marketing messages should be tailored to all your target markets. A message directed at a CTO of a Fortune 500 company will look different than a message for the CMO of a tech startup. Adjust your messaging accordingly.

Tactics Second

Now we get to play in my sandbox, marketing tactics. Here are a few tactics to consider:

Social Media
I’m surprised by how many businesses are still wary of using social media to promote their organizations. If you don’t think that your target customer is on social media, check out these stats from the Pew Research Center:

• 69% of U.S. adults use Facebook. And its not just for kids anymore – among Americans 65 and older, almost half use Facebook.
• 73% of U.S. adults use YouTube. YouTube is the second largest search engine in the world behind Google.
• A quarter of U.S. adults use LinkedIn. The growing network is a great place for B2B marketing leads, growing thought leadership, and finding your next employee.

So, basically, if your ideal customer or employee is breathing, it’s time to pick a social media channel or two and start getting social.

Influencers
If you can’t build a huge audience, then buy it: this is the thinking behind influencer marketing. But, the right influencer for your company doesn’t have to necessarily have the biggest following to be effective.

The trick is to find influencers with the right fit, engagement, and reach that feel authentic to your company.

Influencer marketing isn’t just for lifestyle products like makeup or the latest diet fad. Check out how this welding products company created their own influencer program.

Video
More than 50% of consumers want to see videos from brands – more than any other type of content. There are many different types of videos a company could create: demo videos, expert interviews, explainer videos, and list goes on.

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It’s easy to get caught up in the day-to-day demands of your company. Most entrepreneurs are too busy working “in” their business to work “on” their business. But, don’t you think its time to work on your business?

It’s summer halftime, and the heat is on – both literally and figuratively.  June came and went, the first half of July is near, and we are on point through the end of August.

How are our working parents doing at halftime? My current status:

Because traffic is lighter in the summer (fewer cars & less business), it’s the perfect time for travel, lazy days and sunshine. Spend extra time with family and friends, but don’t take your eye off the remainder of the year.

Soon enough the temperatures will cool down (we hope), but with the arrival of fall, business will heat up. The halftime of summer also marks the halftime of 2019. Time is going by fast, isn’t it?

Here’s your two-minute warning

If you already have your second half marketing plan set, congratulations! We hope you rock it! If not, now is the time to start researching, planning, and executing.

When life and business get busy, a plan serves as a tool to keep you on course.

As you know, you simply can’t hope people will find you or do business with you. Being a successful business owner means constantly marketing and promoting your business.

We huddle at halftime

Here on the Porch, after we travel, relax by a body of water and spend a little extra time with our people, one of our favorite summertime activities is writing and facilitating marketing plans. So if you aren’t quite ready to score in the second half of 2019, give us a shout.

We can help!

GivingTuesday is December 3 and North Texas Giving Day is just around the corner – September 19. Is your organization ready for this nonprofit marketing challenge?

Giving Days are a celebration of philanthropy. GivingTuesday is a global day of giving that kicks off the charitable season, when many nonprofits focus on their holiday and end-of-year giving. Communities Foundation of Texas’ North Texas Giving Day is an annual giving event that empowers everyone to give back to their community by supporting local nonprofits and causes they care about in an easy-to-use platform.

Criticism of Giving Days

There has been criticism of Giving Days like GivingTuesday. One, GivingTuesday is in December, usually the best fundraising month for most nonprofits. Two, many nonprofits use GivingTuesday as an excuse to get spam-ey:

“And what is in these #GivingTuesday appeals and communications? A great new story? A special giving opportunity that I can be a part of to do something powerful, unique or impactful? Again, generally speaking, no. They are cash grab emails. Give today. Donate now. Make your donation. Why you might ask? Well… uh… because it’s #GivingTuesday seems to be the response.”

– Brady Josephson, NextAfter

Giving Days are not a giving bonanza. That’s a lot of pressure to put on one day. But, they are a great way to raise funds and introduce yourself to new donors. And, local Giving Days are often during the more fundraising fallow parts of the year, so as not to take away from end-of-year giving.

Plus, local Giving Days are often organized by foundations or organizations that have resources and tools to promote philanthropy in ways that small nonprofits often do not have the funds and manpower to do. These larger organizations reach out to media, offer marketing tools, and some, like
Communities Foundation of Texas, give out bonus funds to organizations who accomplish certain goals during North Texas Giving Day.

I hate to be a Debbie Downer, but in light of some sobering statistics on U.S. giving, it is important to take advantage of Giving Days in a strategic and focused way. The Fundraising Effectiveness Project found that while overall giving went up slightly (1.6%) in 2018, this was largely driven by major gifts (donations of $1,000 or more).

Revenue from smaller gifts decreased. Donations of $250-$999 dropped by 4%. Gifts under $250 fell by 4.4%. And, perhaps most serious of all, the overall number of donors fell (by 4.5%) as did retention rates (a 2% drop) and the number of new donors to an organization (a 7.3% drop). This means that:

“Giving is increasing because of larger gifts from richer donors. Smaller and mid-level donors are slowly but surely disappearing – across the board, among all organizations. Philanthropy should not and cannot be just the domain of the wealthy, and the entire sector needs to look at how we reach out to and engage these donors.”

– Elizabeth Boris, chair of the Growth in Giving Initiative

So, now that we’ve got the bad news out of the way, lets get to planning. Because as my mom says, people don’t plan to fail, they fail to plan.

First Things First – Focus

A winning Giving Day strategy has a focus. Organizations who focus their Giving Day goal on one program or initative – say, a new Maker Space for a library or a fund that supports afterschool programming for underserved kids – tend to do better than those who do not target donor giving.

Increasingly, donors want to know where their funds are going and its much easier for people to wrap their mind around one thing – a program or a new piece of equipment – than the dreaded “General Operating Costs.”

Light a Match

I had a boss once who said that having a donor match was like throwing a match on gasoline – it really lights a fire for giving. People love a deal and donor matches make it feel like they are doubling their money. Find a local company who is willing to sponsor a match – you can even offer marketing incentives like putting their name and logo on your Giving Day emails, social media, and website.

Marathon, Not a Sprint

Make a plan for the months and weeks leading up to your Giving Day. Luckily, both Giving Tuesday and Communities Foundation of Texas provide great campaign timeline tools to help you get started.

Also think about:

• Get some “ringers”: Assign advocates for your organization who can promote your nonprofit on social media and can make a donation in the early hours of your campaign. People like to join a bandwagon that has some momentum behind it.

• Be specific: Paint a picture with your gift amounts. For example a library can say a $50 donation buys 10 new books or $100 donation supports 3 hours of afterschool tutoring.

• Make it easy: Look at your donor giving page. Is it easy to use or is it cluttered and clunky? Clean it up before the big day. Giving Days are digital by nature and people are most likely to give online. If it takes a long time to make a donation or the process is confusing, your donor will “abandon cart.”

But the Day Itself is a Sprint

Giving Days are very social by nature – social media that is. Acknowledge your donors on the day of (with their permission of course.) Push out social posts promoting the focus of your fundraising for the day. Interact with your ringers. Let people know how far along your are to your goal and how much match money is left. Talking about how much match money is left creates a sense urgency. And, of course, celebrate and thank your donors.

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Giving Days are a great way to acquire new donors, engage with current donors, and of course, raise money for your cause. But you have to have a plan. Giving Day campaigns are a marathon (except on the day of, when its a sprint). Are you geared up? If not, we can help.

Blogs. Social media. Video. White papers. Infographics. All these things, and more, are content and can be used in content marketing. But what is the point of generating all this content?

The point is this: in an increasingly fractured media landscape, building an audience and a community around your company is one of the few ways to directly reach consumers. By giving them something of value, they will give you some of their attention.

Content marketing is about building trust. If consumers trust your company, they will be more likely to buy from your company.

Today’s consumer is used to doing their own research before they buy. According to a 2016 Demand Gen Report, 47% of buyers view 3-5 pieces of content before engaging with a sales rep. Wouldn’t you rather have one of those pieces of content be from you?

The Marketing Funnel is Changing Shape

The marketing funnel isn’t so much a funnel anymore as a flywheel. This Forbes article excerpt explains it best:

A change in mindset and a library of high-quality content will replace this traditional funnel with something more sustainable (and effective). The funnel is becoming more of an ongoing cycle that prioritizes continuous engagement over transactional relationships. This increased focus on nurturing, especially post-sale, makes customers more likely to stay with you or buy again — and more likely to give recommendations to friends and colleagues.

With content, you can transition your brand from vendor to partner. To be honest, someone else in your space can almost always come in and undercut you on price. But when you continuously engage your clients, build lasting trust, and form genuine partnerships, you’ll have much greater staying power.

The Oldest Content Marketer on the Block

Content marketing has been around for as long as there has been, well, content. One of the earliest, and in my opinion, one of the best content marketing examples is The Furrow magazine produced by John Deere.

What started out as an advertorial-driven publication turned into a beloved resource for generations of farmers. Today, The Furrow is a story-telling vehicle, with great photography and advice on how farmers can run their businesses.

And, there’s not much actual mention of John Deere. The Furrow is happy to be a trusted source for farmers, and in exchange, farmers let John Deere into their homes.

Fun With Fireworks

You don’t have to be the flashiest company on the block to use content marketing. Case-in-point, high-end cooler company Yeti. From the beginning, Yeti forged their own marketing path.

In addition to targeting “prosumers” with sponsored programming on hunting and fishing television stations, Yeti created a series of short video clips that put their product to the test. They pitted their coolers against a professional wrestler, a slingshot, and even fireworks.

Content marketing is usually educational. But it can be fun, too.

Canva is another great example of content marketing that takes care of the customer rather than pushing them through a funnel. Canva is a graphic design app that also publishes helpful content through their Design School blog and social media. They are a resource for their customers and earn their trust.

I used Canva when I was working in a job where I did not have access to Adobe products (the industry standard when it comes to graphic design.) I also tried out different software alternatives. Truthfully, if the Canva software didn’t work as well as it does, I might have gone with one of their competitors. But, Canva works well and it’s a great resource. So, I went with them.

Yes, eventually I moved on to Adobe products. But it certainly wasn’t because of price (graphic designers often call it the “Adobe Tax”). For a long time, I relied on Canva for graphic design basics and how-to information. And now, I tell anyone and everyone who needs graphic design software cheaply to try out Canva. I am no longer their customer, but I am an advocate for them.

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Content marketing is a slow roll. It’s like leaving a bread crumb trail for consumers to follow. Spread those bread crumbs around, make them irresistible. Everyone wants to be remembered, so tell your story.

“One of the greatest rock songs ever written is ‘Stairway to Heaven’ [by Led Zeppelin]. ‘Yes, there are two paths you can go by, but in the long run, there’s still time to change the road you’re on.’ So, whatever’s wrong, whatever’s not working out, whatever you’re not happy with – in yourself or a situation – take the initiative and fix it.” – Shaun Breidbart, comedian and executive director, The Ivy League of Comedy

As you choreograph your brand’s 2019 marketing plans, press pause if the same old song and dance is on repeat – particularly in the following four areas. A remix (and the addition of instrumental help) may be your brand’s ticket to achieving rock star status.

1. “Let it Go.” Turn Over Control of Social Media.

Time is money. Social media marketing isn’t just about increasing sales. It is storytelling. It is about consistent connection with your target audience. For social media to truly boost your brand, dedicated time to engage with your audience regularly – in real time – is crucial. You can’t press pause for vacations, trade shows or weekends.

Mistakes are costly. Social media management is customer service. In the absence of a solid social media strategy – and someone experienced to execute it – mistakes are likely. Poor customer service leads consumers to give brands the freeze-out.

The person/company managing your brand’s social media is its agent, tour manager and promoter all rolled into one. Outsourcing those managerial duties gains you an experienced professional who knows the ins and outs of social media.  This frees you up to focus on other areas of your performance.

2. “What are You Waiting For?” Take the marketing plan off the back burner.

Leaders must understand the importance of brand marketing. As we’ve said before, we love partnering with business leaders on single release initiatives. But to avoid being a one-hit wonder, a brand needs a solid marketing plan to complement their strategic plan.

If the creation or implementation of a marketing plan is left “Standing Outside the Fire” you will have no plan. If you have no plan, you will have no direction. Without direction you won’t have consistency – leaving your brand running “Against the Wind” to build consumer trust.

3. “Breakaway.” Transform garage band marketing to unique, memorable content.

Having a website is great, but customers believe “What You Get Is What You See.” Are you getting the veto vote because your marketing is lacking? How do you look when going up against competition? Are potential clients trying unsuccessfully to validate you?

Bands wanting to become famous must promote themselves to make the right connections to boost their profile. Likewise, your marketing must make meaningful connections to your brand. You can bang those drums “All Night Long” but that alone won’t help you advance. You must have someone in your corner to successfully influence the interest of others.

4. “Shake It Off.” Say Goodbye to Gmail.

Excellent email communication is now a required piece of good customer service. Here are 3 reasons you should say goodbye to Gmail:

• Your email address and content represent ‘how you look’ in the online world. Having a business email address with your company’s domain name is judged as professional. Business emails sent through Gmail raise doubts about your credibility.
• An email account contains confidential business information. Using Gmail does not afford you the luxury of controlling whether employees utilize that information appropriately.
• Gmail does not allow you to integrate your brand’s logo and colors to your email messages to make them more consistent and memorable. This renders it ineffective as a marketing tool.

You are “The Leader of the Band.” No one knows your brand better than you. It is ultimately up to you to determine your vision and whether your current track is helping that vision materialize. We are here to help you rock!

Over the weekend, a friend sent me some screenshots from the Instagram account of an event we are both familiar with. “HAVE YOU SEEN THESE???” she said. The series of posts featured a scantily clad woman and her friends promoting the event. Slightly confounded by the choice, I took a quick visit to her Instagram page. She had a gaggle of followers, but no real connection to the audience or the event itself, and unfortunately, it didn’t play well.

The idea of using a social media influencer was not a bad one. Influencer marketing is on the rise – Google alone saw a 325% increase in “influencer marketing” searches last year. It’s based on the practice of using influencers in your niche to create and distribute relevant content and share it in an authentic way. It can be a fantastic way to find and reach your people.

However, influencer marketing is a wasted exercise (and investment!) if you aren’t using the right influencers. And while it’s tempting to use metrics like number of followers as a measure of influence, it’s important to take a closer, more comprehensive look at a potential ambassador before you ask them to promote your brand.

Fit

How relevant is the influencer to what you do? How aligned is their content with your messaging? The best partnerships are natural fits – their audience must believe that the endorsement is genuine and your audience must be able to relate to them.

Engagement

Is the influencer engaging with their followers in a meaningful way? Or are their pages just a collection of selfies? If people aren’t commenting and interacting with the person, keep looking. Your audience will get bored with someone who is just skin deep.

Reach

Reach is certainly a valid consideration, so take a look at traffic and followers. But ask yourself who they are reaching. Is it your target audience? Reach is irrelevant if the influencer isn’t reaching the right people.

Authenticity

Influencers must be viewed as authentic and genuine. Is this person partnered with too many sponsors? If so, they will not appear trustworthy.

When chosen thoughtfully, an Influencer partnership is one of the best ways to build your brand online and raise awareness among your target audience. Need some help choosing the right influencer? We can help!

 

 

 

Frequently, we ask a potential client what their marketing budget is in an effort to better understand what resources we will use to meet branding and marketing goals.

And regularly, we hear, “What should our marketing budget be?”

We are already two weeks into Q1, so let’s talk about your marketing budget. Total marketing budgets are on the rise (yay!) and are at 7 – 12% of total gross revenue. If one of your resolutions this year is to grow your small to mid-size business, let’s rock.

Here are four things to remember when formulating your marketing budget:

1. Small businesses should budget 7 – 8% of gross revenues for marketing in order to compete against larger companies.

2. Track your marketing budget and results monthly – at a minimum. If you consistently track your results you will be better able to adjust your marketing spending over time to spend smarter, not harder.

3. Increase the budget for new product launches. Keep track of what you make on the product and tweak as needed to cover the marketing costs and increase profit from sales.

4. One size does not fit all. While the latest Forrester Research report projects that digital marketing spending will make up 44% of all ad spend, this number can vary depending on a variety of factors including industry, growth plans and local market.

As you create your marketing budget this year, don’t start with the tactics. Develop a defined marketing budget to support a marketing plan with measurable goals and a sound strategy.

As planning for 2019 kicks into high gear, now is a good time to take a look at what’s “en vogue” in the marketing world. Is your marketing plan ready to strike a pose?

Some things are classics, and your go-to, wear everyday piece is CONTENT. Quality, engaging content is the cornerstone of any successful marketing plan. Beyond that, the following trends are simply accessories to be mixed in when they fit a brand’s individual style. Much like the latest  fashion fads, not every trend is the right stylistic fit for every brand.

With that caveat out of the way, here are five things walking the marketing runway:

Marketing Automation

ROI has been realized in 75% of companies in just one year of marketing automation use. Companies using marketing automation have reported a substantial 34% increase to their sales revenue, regardless of company size or industry.  In addition, 91% of users say it is “very important” to their overall marketing success. It’s all the rage – which puts marketing automation at the very top of the 2019 trendsetters’ list.

Chatbots

Chatbots can quickly recognize and respond to data … in real time. This gives both consumers and brands a virtual assistant to do anything handling customer queries to ordering a pizza! This saves time, money and human effort. We need look no further than the hugely popular Alexa to understand why the use of chatbots is taking over automated web communications.

Video Marketing

The growth of video will continue. Facebook Live was rolled out in April 2016, and in just two years, the average number of broadcasts doubled, earning more than 150 billion reactions. Video ads are still going strong as well. In August 2018, 65% of ad impressions on Instagram were the result of video content. If those stats aren’t enough to convince you that the video marketing craze will continue, consider this: When customers watch a video on a website, Google pushes that site up in its search results … ideal for any brand.

Native Advertising

Native advertising is on the rise over the use of banner ads, because it doesn’t disrupt the user experience. This increases consumers’ willingness to share it, which generates more sales leads.

Inbound Marketing

Because it’s simple, versatile and 61% cheaper than traditional marketing, inbound marketing remains a cost-effective method of connecting with your audience. Keeping inbound marketing hip is:

• Blogging. Statistically, blogging is three times more effective than traditional marketing in its ability to generate sales leads. It also allows you to include a variety of content that isn’t strictly direct product advertisement.
• Social Media. While AI and Chatbots create a life-like assistant, a strong social media presence creates an opportunity for consumers to engage with real people – making your brand appear more relatable. It also makes it quick and easy to provide exclusive offers or coupon codes to generate customers. To allow for a more seamless experience for consumers, you can also expect to see the continued integration of services into third-party apps by social media companies.
• Email-marketing. Companies that choose e-mail marketing can double their number of generated leads over those that do not. Adding automation can then double that amount. With numbers like those, e-mail marketing continues to be the top model of effective inbound marketing.

Here on the Porch we would love to design a marketing plan for you to premiere in 2019 (perfectly coordinated to your brand’s individual style, of course).

This time of year, the stakes are high in the charitable giving arena, making nonprofit marketing more important than ever. Roughly 30% of all nonprofit giving happens during the last month of the year, from #GivingTuesday (the Tuesday after Thanksgiving) through December 31.

Donors are feeling generous, so the time is now to launch a compelling marketing campaign to support your annual appeal. The competition for donation dollars is real, so keep these things top of mind to ensure you don’t get lost in the noise:

Keep Your Messaging on Point

Messaging should be compelling and concise. What will inspire donors to give to your nonprofit over another? Your messaging should be clear and speak to your audience in a resonant, emotional way in a voice that supports your mission and is undeniably yours.

Make Sure Your Website is Ready for Prime Time

This is likely your biggest campaign of the year – your website should be ready to receive visitors. Make sure your website is compelling, current and eye-catching, and that your campaign is highlighted on your homepage with a clear call to action. Your donation page should be front and center – make it easy for people to give!

The Time is Now for Email Marketing

An optimized website only works if you’re driving traffic to it, so create some well written emails that will resonate with donors and drive people to your site. Consider using storytelling in your campaign – it’s a powerful way to arouse emotion and inspire action. A good narrative brings people together, evokes emotion, and creates empathy. Fundraising is a very human-centered enterprise, and when our emotions are tapped, we are much more likely to act.

Support Your Campaign with Social Media

Nonprofits are all competing for dollars, and social media will be abuzz. You can’t afford not to be telling your story there. Every platform has a different voice and demographic, so tailor your messaging to each channel. Establish a monthly social media calendar to ensure all your touchpoints are covered, and encourage sharing by your stakeholders and friends.

Don’t Forget to Say Thank You

Recognize your donors and their gifts quickly. Leave them with something that makes them feel undeniably good about supporting your organization.

It’s go time for Nonprofit Marketing! Are you ready to rumble? If not, come see us!