For the first time in many years, nonprofit organizations were in serious trouble. The pandemic and recession, best described as twin crises, exposed one-third of nonprofits to a possible shutdown. But then, not such a massive number of nonprofits have shut down a year later.
Most average nonprofits reimagined themselves and survived the pandemic. They used several ways to overcome the financial challenges that caused most companies to close. This article will discuss some of the ways that nonprofits managed to get through the pandemic.
Here’s all that you need to know.
- Cutting Down Expenses
One of the first things that nonprofits had to do was reduce their expenses. They achieved this in various ways, including reducing their workforce. Most of them decided to lay off workers and ask some to take pay cuts to reduce their expenses. This saved them a lot of money that sustained them for months.
Nonprofits also delayed some payments and only procured essential goods or services. Local bans on eviction also helped them save on monthly rent to survive the pandemic. They also benefited from Covid 19 loans and grants while coming up with more imaginative ways of raising revenue.
- Leveraging the Power of Technology
Technology also came through for nonprofits when many other things won’t work. The pandemic had made in-person interactions impossible when it was at its peak. Most nonprofits established an online presence through websites, social media, and using other marketing materials.
In short, they resorted to digital marketing for nonprofits for survival. These online presences helped most nonprofits increase brand awareness and were a source of donations. Most of them still use digital marketing for nonprofits, while others are still building their digital strategies.
You can still establish a nonprofit digital strategy for your organization today and increase your income streams. Working with digital marketing agencies for nonprofits can help you develop a robust nonprofit digital strategy. They also will help you create a nonprofit marketing plan to help you succeed online.
- Planning for the Long Term
Another way nonprofits survive the pandemic is by making long-term plans. Most of the pandemic relief and government support was meant to cushion organizations when the pandemic was at its worst. This support would come to an end immediately after things started opening up worldwide.
Most organizations understood this perfectly and saved enough to be able to support themselves. This helped them stay on their feet when government support got cut. However, nonprofits in some countries still benefit from government support, and they can also benefit from long-term planning.
- Refocusing on Their Missions
Every organization has a mission it would like to achieve in the long term. However, other short-term missions come up along the way. These can distract you from the primary mission if you do not focus on it and look at short-term achievements as milestones.
It would have been easy for a nonprofit to lose its focus during the pandemic. However, most nonprofit owners understood this perfectly, and they didn’t allow the situation to distract them. They invested their time and effort in short-term plans but kept their long-term goals in mind.
- Strategic Restructuring
There were limited options for nonprofit organizations during the pandemic. Some of them didn’t respond to financial challenges early enough, and their options narrowed to one – shutting down. But then, some of them planned quickly and strategically restructured.
One way to do this was to merge and collaborate with other nonprofits in various ways. This was to pool resources and finances to prevent the ravaging effects of the pandemic. Thoughtful dissolutions also helped nonprofits avoid accumulating too much debt and were, therefore, an intelligent strategy.
- Seeking Professional Help
Most average nonprofits don’t have in-house economic experts because of financial issues. But then, professional advice was vital for every organization that wanted to survive the pandemic. This made nonprofits resort to seeking advice and survival tips from third parties with experience.
Professional help from digital marketing agencies for nonprofits was also vital. This was when nonprofits wanted to make the most of social media and reach broader audiences. These agencies helped them develop effective marketing strategies, which made it possible to build brand awareness.
- Thinking About Their Impact
People set up nonprofits for good causes, and the passion for achieving their goals fuels them daily. They impact lives, and most people depend on them to survive. The reason most nonprofits didn’t shut down is by imagining the impact if they went away. Most lives and futures of vulnerable kids would be lost.
These thoughts kept nonprofits going during the pandemic. They had to develop ways to survive during these times to keep hope alive for their dependents. This included coming up with priorities that could then guide their strategies—for instance, many prioritized building online presences to raise funds.
The options were narrow but what mattered was how well they used the available options. In the end, most nonprofits made critical decisions and are still impacting lives a year after.
- Making Quick Decisions
There wasn’t much time to spend on consultations during the pandemic. Nonprofits had to make quick decisions to avoid getting stuck or facing a possible shutdown. The best way to shorten decision-making times was by setting up Covid 19 response committees.
These committees helped organizations make quick financial decisions. They also made it easier to develop a solid digital marketing strategy that had become essential. A nonprofit would shorten time horizons with a committee and achieve better success with complex but informed decisions.
Surviving bad economic times such as those brought about by the pandemic is not easy. The devastating effects such crises can bring about force organizations to come up with survival tactics. This article has discussed some of the ways that nonprofits sustained themselves during the pandemic.
Without this, most nonprofits would shut down a few months into the pandemic. In addition, technology played a massive role, as mentioned earlier. Organizations increased their income streams by engaging audiences through digital marketing for nonprofits. These tips can help in similar situations in the future.