Saturday, September 8, 2012
How to Raise Funds for an effective non-profit groups
As a leader or member of a nonprofit group learned that one of the main objectives and responsibilities is to raise funds. For how long and unpleasant as this is no way to get around it, the group can not perform its function if it lacks the necessary funding.
Setting up a successful fund raiser can be a difficult task and requires much planning and industry expertise. If done incorrectly will not collect enough money and can ruin your nonprofit group for good. Here are some simple things you can do to ensure that your fundraising efforts will be a huge success.
A key thing that you can do is form a business partnership with anyone in the sales of your product on or off line. If you ask them to promote their products with a small portion of the profits from sales going towards your non-profit group, a mutually beneficial relationship can be formed.
The business owner will enjoy increased sales by charitable people to be more tempted to buy their products knowing that some will go for a good cause. Obviously you will benefit from having a flow of additional funding for your nonprofit group.
Another great idea for a successful event fundraising is a type of auction. The first objective is to find interesting objects in the auction, this can be anything, from equipment rental for the tickets. When looking for these items you can ask local businesses to donate or wealthy members of your community who are active philanthropists.
The other option would be to create a standard rod mini-market with business owners who sell their products in the booth. Again, the proceeds will go to funding non-profit organization. There are many resources available on-line with companies that have specific products that are used for charity and fundraising events. The good thing is that they have done this for years, so their selection is guaranteed to do well in an event.
If all goes according to plan and your fundraising event turns out to be a huge success not many things you can do to increase your cash flow. One form of residual income that can be determined is whether manufacturers continue to sell related products to customers of your event. Your nonprofit can continue to receive income long after the event was held.
The other obvious thing you can do if the event was a success is to turn it into an annual event. Participants may be asked to return every year to support the work of your nonprofit organization.
Finally the long-term success in the sale of fundraising products to be sure to follow closely the individual success of each product. With the passage of time is necessary to exchange the poor more efficient products to those that best appeal to current trends. In this way you can ensure that the fundraising events continue to pull in the same amount if not more of the taxpayers .......
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