7/26/11

Einstein Was Only Half Right


Albert Einstein was credited with defining insanity as, "doing the same thing over and over again and expecting different results." Well, in the modern world, I'd say that Mr. Einstein is only half right. We live in a world that is changing so fast that if we do the same thing over and over again and expect the same results, we might be considered just as crazy. This is especially true with fundraising and marketing in general. The same old same old doesn't work like it used to. There is another law at work in our modern world that is becoming more and more relevant. That is the Law of Diminishing Utility or the Law of Diminishing Returns. When we approach fundraising with the same old approach, we will find that we will eventually run out of margin. Please don't misinterpret this-- I am not suggesting that direct mail is going away anytime soon. My conviction is that we need to rethink how we do direct mail. We need to make direct mail more integrated to stay relevant with a growing audience of people that don't write physical checks anymore. We need to integrate mail with mobile, web, and social media. We need to innovate and optimize the way we approach fundraising. Think I'm crazy? That's what they said about Einstein.

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