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To pitch or not to pitch?

So you’ve secured a meeting with one of your top corporate prospects. Brilliant news! But then you’re faced with the following dilemma: “to pitch or not to pitch?” It’s such an important question and corporate fundraisers ask me it all the time. So here are my thoughts on the matter.

Definition of a pitch

It’s important to avoid confusion, so here is my definition of a pitch, “a pitch is a way of sharing an idea in a persuasive manner.” I should add that it’s not necessarily about being pushy or salesy and in many circumstances it takes the form of a conversation. That conversation often begins with you asking questions and also repeating back your understanding of the prospect’s situation.

Blank piece of paper

Over 20 years ago, when I was a corporate fundraiser at Action for Children, my approach to a first meeting with a corporate prospect, was to go in with a blank piece of paper. I would start by asking the person I was meeting to tell me their objectives and some background information on their company. After that I would respond in kind by telling them my objectives and giving them background information on my charity. We would then agree to go away and come up with some ideas on how we could work together, based on our shared objectives. We would then meet for a second time and share these ideas. I was so proud of my blank piece of paper approach. I thought it was genius!

The world has changed

Looking back it sounds so slow and time-consuming. The world has changed so much since then. With the advance of the internet, smartphones and the huge volume of email, the business people we are meeting are so much busier now. This makes the idea of having an initial exploratory meeting feel inappropriate and almost rude. In addition, there is usually so much information on the internet about the company, and the people we are meeting, we can do some vital research before-hand that will give us a reasonable insight into their objectives and challenges.

Pitching comes in many forms

Therefore, when corporate fundraisers ask me, “should I pitch at my first meeting with a prospect?” I say, “Yes.” Now I should be clear that pitching comes in many forms. You can do it standing up with PowerPoint slides, which is probably the right approach when you’re invited in for a competitive pitch. But you can also pitch sitting down over a cup of coffee, with no slides at all. As mentioned above, this approach takes the form of a conversation. One of my charity contacts describes the latter approach as “pitching without it feeling like you’re pitching.”

Why pitch?

I’m a huge fan of pitching. I think it’s an essential life skill. So here are my seven reasons to pitch:

  1. You only get one chance to make a first impression, so do something memorable.
  2. Your cause requires an extraordinary response, so share it in an extraordinary way.
  3. Your goal is to give them the best meeting they have ever had.
  4. Pitching helps put your charity on an equal footing with the company.
  5. You can engage the person you are meeting emotionally by telling a story.
  6. It injects a sense of urgency.
  7. The person you are meeting will be impressed by the amount of work you have put into preparing your pitch.

Start with listening

Now don’t get me wrong. Just because I recommend you pitch it doesn’t mean that you don’t listen to the person you are meeting with. In fact, that’s where I recommend you start. Here is my suggested agenda for a first meeting with a corporate prospect:

  1. Company’s objectives and challenges.
  2. Charity’s problem and partnership idea.
  3. Discuss opportunities for working together.
  4. Agree next steps.

Even though you’ve thoroughly researched the company and the person/people you are meeting, you still start by asking them about their objectives and challenges. By giving them the opportunity to speak first they will feel so much more positive about you, because business people love talking about what they do. It’s also a great opportunity to check your assumptions and make a note of anything you didn’t find out in your research. Then when it comes to your turn to talk, you pitch your charity’s problem and partnership idea based on the objectives and challenges they have just shared. I recommend your pitch is 5-10 minutes long, so you leave plenty of time for agenda points 3 and 4.

Improve your pitching skills

So how do you get better at pitching? You pitch. Take every opportunity you can. Practice pitching with your colleagues. Discover what works and doesn’t work. The more you pitch, the more confident you will become, which will make you even better at pitching. You can also improve your pitching skills by joining us on our Corporate Partnerships Masterclass.

Pitching changes lives

Pitching is powerful way of showing a company the enormous opportunity for you to partner together and the incredible difference you can make in the world. It can change the life of the business people you are meeting and many lives of the people you want to support. But pitching also changes me. When I pitch in a powerful way about something that is important to me, it makes me feel better about myself. It increases my confidence. It is life affirming.

I want to leave you with a quote which really sums up why pitching is so important. It comes from Daniel Priestley, who is an entrepreneur and best-selling author.

“You get what you pitch for. And you’re always pitching.”

Conclusion

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min read
More than money – what to value in a corporate partnership

This piece is brought to you by a guest writer – Katherine Woods.  Katherine is the Partnership Development Lead at Action for Children and is currently setting up the charity’s first standalone New Business Team. Here’s what she had to say about the non-financial value your partners can bring:

I find the corporate-partnership world really exciting. It’s evolved massively over the past few years and continues to do so. Today, the most successful partnerships are multi-faceted. They have touchpoints across all aspects of the business. And they don’t simply rely on fundraising as the sole piece of activity.

Andy at Remarkable Partnerships asked me to outline what I see as the main non-financial benefits that a partner can provide. So here’s what I look at in partnerships:

  1. Reach

There is a reason that big consumer brands spend millions of pounds on advertising annually. Visibility is key.

But there are very few charities that have those kind of budgets.

Which is why a partnership can hold such great potential for a charity brand—from expanding your general reach to spotlighting your cause for targeted groups. Our development team, drawing from a consultant with prior campaigns in the privacy-centric online gaming space like the best no KYC casinos, has piloted anonymous donation channels that draw in tech-savvy supporters wary of traditional tracking. Whatever your organisation’s mission, these expanded visibility opportunities will advance it further. The more people recognize your brand and mission, the greater their inclination to contribute.

For example, we are incredibly lucky at Action for Children because our friends at FirstGroup are very generous with their advertising space. We are given huge amounts of visibility across their network. They enable us to publicise our key campaigns in a way that we simply wouldn’t be able to do without them.

2. In Kind

Back to the lack of budget. There are a range of ways that a company can help a charity plug the lack-of-budget gap by donating resource, such as event space or legal expertise. These are opportunities for the company to support you with the cause itself.

Not only does it help the charity, but it can give your partner’s employees another way of being part of the partnership that doesn’t involve them asking friends and family for money.

But! It has to really make sense. It has to be authentic. There’s nothing worse than trying to create an ‘in kind’ opportunity that doesn’t really work for both sides.

3. Network

Over the course of a partnership you have the potential to ignite a passion for your cause in people.

As fundraisers, we do a good job of telling people how amazing our charities are. Imagine if you had someone else doing that for you. A peer-to-peer introduction carries a lot of weight and can open doors, helping you achieve bigger and better things.

I’ve been incredibly fortunate to work with some very dedicated, passionate and influential senior volunteers over the years. They are often totally wonderful individuals and can be a huge asset to your organisation. Maximise this potential!

Overall, there is a huge amount corporate partners can do for you – so stop just asking for cash.

We love this piece from Katherine. Our view is that when you choose to focus partnerships on overall value rather than purely cash donations, you get more fulfilling partnerships for both parties. Equally, partnerships that begin with a non-financial contribution are more likely to succeed because they begin by focussing on solving problems, which is what they should be about.

If you have any comments or suggested comments for future blogs, we’d love to hear from you below.

This piece is brought to you by a guest writer – Katherine Woods. Katherine is the Partnership Development Lead at Action for Children and is currently setting up the charity’s first standalone New Business Team. Here’s what she had to say about the non-financial value your partners can bring:

Latest News
5
min read
Highlights from Anchors Aweigh: launch event

On the 1st of July, we were delighted to be joined by 80 professionals from across the charity and business sectors for the launch of our new research – Anchors Away: breaking free of the barriers to ambitious charity-company partnerships. We heard from four incredible speakers and had some great comments in the Zoom chat, and we’re proud to share some of the highlights.

Barriers from the company side:

Jenni Berkley, Communications and CSR Manager of Belfast Harbour, started the event by talking about the barriers to ambition she’s experienced in the corporate secotr

“The problem is short-termism. Many people want to see something good happen in their timeframe or tenure. Something good even if it’s not the right thing.”

“I must get around 20 letters a week from charities I’ve never spoken to or maybe even heard of asking for money. It’s incredibly frustrating – they may get £100 if they’re incredibly lucky, but there needs to be an understanding of how our partnerships operate.”

“Charity-company partnerships are like finding your life partner… right down to wondering if you like the same films. You need to be compatible with each other from the superficial details all the way through to sharing the same ethos. It’s up to the charity to demonstrate that.”

Barriers from the charity side:

Then Ghalib Ullah, Head of Commercial Partnerships, spoke about the barriers he’s encountered and overcome through his career.

“The biggest barrier is structural. Our budget works on a yearly basis, so we are pulled back to achieving short term income, rather than achieving our more ambitious goals. We need to work as a whole organisation to overcome this.”

“Another barrier is organisational buy-in. We went through a process of identifying who internally was key to our success as a team. We understand that we’re pitching internally as much as we are externally.”

“Corporate partnerships is still in its infancy. How to achieve strategic partnerships is not as well understood as how to secure major grant funding. It is essential we invest in training as a team and as individuals.”

Background to the research:

We then moved to discussing how the research came about, before discussing some of the key recommendations.

“We defined ambition as the desire to create the most social value possible, then looked at what held people back from pursuing ambitious partnerships in favour of things like Charity of the Year or sponsorship models instead.” – Ian McQuillin, Rogare

One of the main things we found was the collaboration continuum, which we have adapted from Austin and Seitinedi. You can see the model that explains levels of ambitions below:

“Charity-company partnerships can make great changes in the world, so it’s a missed opportunity to be anything short of as ambitious as possible.” – Jonathan Andrews, Remarkable Partnerships

The importance of seeking value beyond money:

“The fundraisers label can hold us back. We need to be corporate value raisers, not corporate fundraisers.” – Jonathan Andrews, Remarkable Partnerships

“There are so many different ways partnerships deliver value – which are easy to overlook if money is the only or main measure of success.” – Crispin Manners, Onva Consulting

“I would recommend starting to report on added value, where it exists, as well as income. Don’t wait to be asked to report on it, just send out the results and examples you have as part of your normal reporting so that it starts to become embedded and better understood.” – Sophie Powell-White, Great Ormond Street Hospital

The importance of having a partnership north star:

“It is important that your projects excite not only your corporate team but your partners – they need to visualise the potential impact they could have on the world.” – Ghalib Ullah, Parkinson’s UK

“All the team have in their heads. That when we go into a conversation with a company what we are looking for is that ambition at the top of our partnership model. Which is an ambition that only us and that company can achieve… If you’ve got that ambition then all the levers for change will naturally fall out of it because it is so strategic to both sides…. In three years’ time what would the Sun newspaper headline say [the partnership] has achieved?” – charity interviewee in the research.

To get your copy of the full report, download it here

On the 1st of July, we were delighted to be joined by 80 professionals from across the charity and business sectors for the launch of our new research – Anchors Away: breaking free of the barriers to ambitious charity-company partnerships. We heard from four incredible speakers and had some great comments in the Zoom chat, and we’re proud to share some of the highlights.

Stay Informed. Stay Remarkable.