“How are you, honey?” the voice said.
Ah, I thought, a call from a loved one, but I didn’t recognize the voice. So, I asked, “Who is this?”
“Stop pulling my leg,” he said.
“No, really,” I said, “I don’t know who you are. How did you get this number?”
“You have the wrong Karen Davis.”
“Ha! Very funny.”
“Sorry. You have the wrong number. You’re looking for a different Karen Davis,” I hung up.
A minute later the phone rang. I asked my husband to pick it up.
“Oh,” the voice on the line said, “Sorry.”
Sometimes, we need others to shift our thinking before we can achieve our goals. In the last post, you read about discerning sponsorships’ value by asking the question, “Does it come with a check?” In that piece, I promised to share how the discovery process bubbles up greater value for businesses than typical sponsorships.
The discovery process involves a conversation or conversations with your prospective philanthropic partner. Your goal is to shift everyone’s thinking to reveal hidden value and achieve more. When I work with clients to create high-value sponsorship, we get specific in these sessions and list every possible activity with the potential to create value for the community, the nonprofit, and the business.
This magic of this approach, which you undertake with your best partners, is how it helps you to see opportunities hiding in blind spots. Here’s a true story. Using my discovery process a nonprofit and a business co-hosted an education event. Not only did the event sell out, but the partners magnified their social media impact by 300 percent over the previous year. They grew their contact list by over 10 percent (business) and 20 percent (nonprofit.) The event provided the business partner with interactions with five of their hot prospects. Six months later, the firm closed a five-figure contract with one of the prospects.
No matter what happens during your discovery process, whether you ultimately sponsor the event, you leave with greater clarity about what’s possible and what you want. This clearness will help you evaluate future sponsorships and bump up the value of your investments. Don’t hesitate to reach out if I can be of service.
For more answers, check out the Nonprofit CEO Library.
For solutions delivered to your inbox sign up for Karen’s CEO Solutions.
Get free practical nonprofit tools, innovative insights, and valuable opportunities just for nonprofit CEOs in your inbox. Sign up today to receive your copy of “Top 5 Resources for Nonprofit Board Recruitment.”