"We raised $100 million. Donate $5" Here, $5 feels too small to be meaningful
Help Donors See an Incremental Difference
Nonprofit

Help Donors See an Incremental Difference

Marketers typically show high numbers next to prices, but this anchoring effect can backfire with donations.

Be careful with large numbers.

If you raised $100 million, that’s great. But imagine somebody donating $5 to the charity. Would it even matter?

Donors want to feel like they’re making a difference.

How to Apply

  • Commit to a Small Minimum Threshold. Which is better: We'll donate at least $1 million? Or up to $1 million? Large minimums can be scary for sponsors — if nobody donates, it’s a high cost. When Fage yogurt was donating $0.20 for every valid purchase, participants were more likely to buy Fage with a small minimum of $10,000 (vs. $10 million) because their individual contribution felt more impactful to reach this goal (Tsiros & Irmak, 2020).
We'll donate at least $10,000,000 with the last three zeroes crossed out
  • Mention a Smaller Portion of Progress. Trying to raise $10k? Should you mention the progress you've made? Or remaining progress? Initially, you should mention the accrued donations (e.g., we raised $1,000). After crossing the halfway point toward your goal, switch to remaining progress (e.g., only $4,000 left). In both cases, this number will be smaller — and this smaller size is more motivating (Koo & Fishbach, 2012).
"We raised $1,000" at beginning of fundraiser, switching to "only $1,000 left" toward end

  • Koo, M., & Fishbach, A. (2012). The small-area hypothesis: Effects of progress monitoring on goal adherence. Journal of Consumer Research, 39(3), 493-509.
  • Tsiros, M., & Irmak, C. (2020). Lowering the minimum donation amount increases consumer purchase likelihood of products associated with cause-related marketing campaigns. Journal of Marketing Research, 57(4), 755-770.

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