Making The Most Of Your Fund Raising Activity
Learn how to easily optimize your fund raising ideas — whether for school fund raising, church fund raising, charity work, non profit organizations, or business – that require minimal effort but produce maximum monetary rewards.
Leverage is a fairly simple concept. According to Webster, leverage “…provides an increased means to accomplish some purpose…” Applied to fund raising ideas, leverage provides an increased resource that optimally maximizes fund raising efforts, consequently optimally maximizing the desired financial revenue.
Let’s use a typical school fund raising idea as an example.
The school decides to use a company to provide candy bars for their annual fund raising event. The company then provides the school, who, in turn, provides the students with candy bars to sell. Students lug their boxes of candy bars home and then sell them to family, friends, and neighbors. On a set date, the school expends time and resources to collect monies from the students’ efforts, and awards prizes to those producing the most sales.
Once the school fund raising event is over, the school forwards to the company a portion of their acquired monies from sales, however, no further income from that project is expected or received by the school.
The company providing the candy, however, has employed a form of leverage to promote their sales by utilizing the school’s and students’ time and efforts. The company has also doubled their leverage, as the school will probably return the following year to host another school fund raising event. The company may even triple their leverage when the school recommends this fund raising idea to other schools.
Note: The school, unfortunately, has not experienced leverage with their fund raising idea, although the school and the students have expended a lot more time and work than the company did.
How can a school, charity, non profit organization, church, or business implement leverage in their fund raising ideas or efforts? And more importantly, how can they optimally maximize their leverage?
The goal would be to develop a fund raising idea that provides not only immediate income, but also residual income. Not only will the time and effort expended in the fund raising project be maximized, but the financial rewards will be maximized as well.
How can that be done? Well, you will need to think “outside the box” with your fund raising ideas. Here are a few tips:
? Find a product or service that every household uses or will use on a daily basis.
? Avoid products that require inventory
? Search the Internet or brainstorm for products or services that provide residual (continuous or self perpetuating) income for your time and effort.
? Closely examine the compensation plans offered with these products or services.
Here’s a little tip on compensation plans – the bottom line to your desired financial rewards: