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The following suggestions may seem obvious to those already initiated
into the fundraising world. However, Why is it that most schools doing
a new fundraiser do not apply these basic and simple procedures? Maybe
because most fundraising organizers are trained to focus on the wrong
things when it comes to their fundraising efforts.
Here
are five time tested procedures for schools to apply to their new
fundraising efforts that will greatly help their school raise more
money:
Step #1 - Profit Percentage Does Not Equal Profits.
A
company offering 90% profit vs a company offering 20% profit is not
necessarily a better deal for a school. Remember schools can not
deposit percentage in their bank account, but they are allowed to
deposit money. Most schools look at profit percentage as the number one
priority when choosing what they will pick for their next new
fundraiser. What I am saying here does not mean profit percentage is
not important, but it should not be the school's first and only
priority when choosing their next new and unique fundraiser. The
school's top priority should be to raise the HIGHEST PROFIT with the
least amount of volunteer work, stress and time!
Step #2 - The
Product You Sell Does Make a Difference (But Not As Much As You Might
Think)
Coming up with the right product for your new fundraiser does
make a difference, however, it is not the most important factor in
having a successful fundraiser. You have probably seen this in your own
neighborhood, how two schools decide to sell cookie dough and they both
sell them at the same time and the same price. But the difference in
their results (Profits) were HUGE! So you would have to conclude that
it was not the product that made the difference. So what is it that
makes the huge difference? Hint, see Step #5!
Step #3 - Time Your Fundraiser as Early In the School year as Possible
When
you kickoff your fundraiser is a very important aspect of it's success.
It is an undiputed fact that the first school who's sales brochure goes
into an office or neighborhood has higher sales than the one that comes
last. However, timing is not the #1 reason why schools have successful
fundraisers. Hint, see Step #5!
Step #4- Have the Right Person to Chair the New Fundraiser!
The
excitement for a fundraiser starts with the person at the top. The
person organizing the new fundraiser sets the tone and the level of the
excitement and affects participation in the sale. Yes, the fundraising
sponsor's attitude and enthusiasm have a very important role in the
outcome of any new fundraiser.
Step #5- Program Management (How the fundraiser is run) is the Number One factor in it's success.
Program
Management is the most important element on having a Successful
fundraiser. You may know that "How" the school fundraiser is run is
critical to it's success, but the main problem is not many fundraising
companies train the fundraising sponsors on proper "Program Management."
Following are several key elements on Program Management:
A) Setting Goals for the School
B) A Memorable Kick Off
C) Maintaining Excitement for the Duration of the Sale
D) Finding Helpful Volunteers
E) Motivating the Students/Sellers
F) Motivating the Teachers and Staff members to Promote the Sale.
To
get the HIGHEST sales on a new fundraiser the students/sellers must be
properly motivated. You can even go so far as to provide motivation for
teacher/staff members too.
The main reason why one elementary
will make $8,000 while another similar school will make $15,500, is the
way they did their prizes/incentives for students and for their
teachers!
We at AIM have a saying "Students could sell $5 bills
for $10.00 and do real well if you motivate them good enough." The most
important part of your fundraiser will be to provide incentives that
truly motivate your students and teachers to participate in your sale
like they have never done before! A school that typically has a 25%
participation rate will more than double with only a 15% increase in
participaion. Participation is not hard to increase by 15%.
Juan Franco is a fundraising expert who owns AIM
Fundraising. Juan has worked with thousands of elementary schools as
well as many other youth groups, helping them in their
new fundraiser
projects. For more information on how proper program management can help you increase the profit for your school, visit http://www.aimfundraising.com/prizes.htm
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