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BUILDING STABILITY with the “Masters of Retention”

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Presentation on theme: "BUILDING STABILITY with the “Masters of Retention”"— Presentation transcript:

1 BUILDING STABILITY with the “Masters of Retention”
PMDMC Conference Washington, DC July 10, 2015

2 Panel Anne Ibach: Oregon Public Broadcasting
Bob Breck: Minnesota Public Radio David Preston: Twin Cities Public Television

3 OPB’s Member Experience Focus
Our ability to influence a member’s likelihood to renew begins when they first make the decision to give. We want every touch point along this path to be a good experience for the member. When a member receives their first renewal reminder, we want their response to be: “I Love OPB! They are an organization worthy of my support!”

4 MPR: Retention Tenants
Make it easy to stay Sustainers! Stable Payment Methods Make it hard to leave Express Gratitude Demonstrate Impact Emphasize Community Easy to Stay: Sustainers, EFT 86% Retention Rate overall 66% of our Members are Sustainers Sustainer renewal rate: 92%; Single Gift 73% First-year retention: 43% Single gift, 92% Sustainers EFT: 20% are now, 17% in last drive (new donors) Retention (first-year) is 93%, vs. 75% for Credit Card Sustainers Additional $20/donor/year! Be aggressive with recapture—all channels, ask for makeup payments Hard to Leave: Gratitude, Impact, Community Gratitude: Member Appreciation Week Impact: The Current 10th Anniversary Community: Encourage self-identification (I Am MPR, Member/Sustainer Clings)

5 It’s Easier to Keep Them, Than to Find Them

6 Retention Tips & Tactics

7 Anne’s Tips to Improve Retention
Sustainers Timely processing Heartfelt and timely acknowledgment Efficient operations Cultivation – , thank you calls, program guide, open house, etc… Awareness of retention indicators

8 MPR: Retention Tips Make sustaining and EFT the default/preferred option Spend time communicating without asking, especially in the first year Be aggressive capturing lost payments Pay attention to both Member retention and Revenue retention Single Gift Retention: 43% first year, 68%+ after one year

9 It’s Easier to Keep Them, Than to Find Them
Use all Your Tools Be Efficient Be Relentless Always Look For Leaks Segment Sustainers are King Seek Balance

10 Thank you! Anne Ibach: Oregon Public Broadcasting , Bob Breck: Minnesota Public Radio , David Preston: Twin Cities Public Television ,


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