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Fundraisers That Work #5-8
As a follow up to the first part of this series, I present you with its successor, Fundraisers That Work II.
The objective of these Hubs is to detail fundraising ideas that not only work, but can also pull a pretty hefty amount of money if done properly.
One misconception about raising money is that many people feel it should be easy. That most certainly isn't the case.
In order for a fundraiser to be effective it takes some work. 3 out of the 4 fundraising ideas presented rely heavily on promotion and manpower.
But don't be discouraged. Fundraising isn't all that difficult. What you need to succeed are dedicated members, a good idea and a concentrated work ethic. With those three key things, fundraisers can become much more profitable.
As always, feel free to add or delete ideas from each of the following fundraising ideas to better suit your venue, audience or other criteria. And if you have any questions, feel free to leave a comment with them in it.
Table of Contents
#5 - Fast Food Fundraisers
% of food sales.
There are fundraising opportunities available at some of your local fast food restaurants.The profit comes from a percentage of any sales made during a pre-designated time.
Two franchises that I personally know who sponsor these fundraisers are Subway and Moe's Southwest Grill. Subway also sells fundraiser cards that can be resold for a profit. And Moe's will also allow you to hold fundraising events at there stores.
The one drawback of this fundraising idea is that not every store participates in it. And even the ones that do have the ability to deny your organization permission as they see fit. However, since all you need to worry about is promotion, it is one of the easier ideas to accomplish.
#6 - Club Parties
% of ticket sales.
One fundraising idea that is almost guaranteed to make money is to host or promote a club party. People are always looking to party, so why not use this to your advantage?
First, you need to find a venue to host the party. It can be at your college campus, a local nightclub or even in an organization member's house. The location is important because it will determine how much of the proceeds you get to keep.
If you host the event yourself, you can keep all the profits. But you also have to cover other expenses like drinks, food and security. If you choose only to promote, you will keep a smaller percent of the revenue, but you only have to worry about advertising.
Second, you need to pick a date to have the party. If the target audience is college students, find out when the "party nights" are and aim for those. If targeting the 21 and overcrowd, the weekends are probably your best bet.
Third, your organization needs to promote. This is essential to any club party fundraiser because this is where your profit comes from. The more you promote, the better chance you have at raising funds. Use Facebook, pass out fliers, use word of mouth, try to use local radio or television airtime, and go to other college campuses. Basically, anything you can do to get the word out about the event should be done. It will all be worth all the effort when the checks are cut.
#7 - Silent Auctions
% of money raised from auctioned items.
A silent auction is another fundraising idea to consider, though it requires a significant amount of work. It also requires an investment from somewhere, to produce the items up for sale.
In short, a silent auction is a room full of items for sale, that "patrons" can make bids on by writing them down on sheets of paper around the room. There are usually refreshments served, and some kind of "entertainment" happening as well, to make the environment more inviting.
What this fundraiser needs to be successful is a venue, items to auction, refreshments, heavy promotion, entertainment, and people to work before, during, and after the event.
Speaking from personal experience, I served as a parking attendant, greeter, and a waiter carrying food samples at a silent auction. This one took place in a high school gymnasium, although the size of the room isn't that important. The organizers of the event hired caterers to prepare meals, appetizers and desserts. And for entertainment, it was simply some local announcement being made and music playing throughout the night.
I didn't get a chance to see the numbers, but from what I remember the event was a huge success. That felt appropriate, because we all put in a lot of work to make sure that happened.
#8 - Egg Donation
$2,000 - $5,000+ per egg donation cycle.
Egg donation is a very profitable way to raise money. It can also be parlayed into a highly effective fundraiser.
Even though the profit potential for egg donation is listed between $2-$5K, I've read that the maximum compensation for eggs is up to $10,000! Though there are conditions that influence an egg's worth, it's hard to ignore the numbers!
There a few conditions that affect the potency of fundraising via egg donation. For one, you will need to find a female volunteer between the ages of 21 and 35. It seems that eggs lose their fertility as women mature, so the younger the candidate is the better chance of being accepted.
That brings up another point: it is possible to be denied the ability to donate eggs altogether. If the woman volunteering doesn't have at least a high-school diploma, that may be grounds for rejection.
On the other hand, the more educational certifications or other "accomplishments" a potential donor has, the more money she can negotiate for her eggs.
There are also medical risks and moral factors to consider. The egg donation process is also a very time-consuming one. It requires abstinence from smoking, drinking or using illegal drugs throughout its duration. But the earning potential is incredible, even more so if you can find multiple women to participate.
It's best to research the process fully before starting. One very helpful resource to get you started can be found here.
That concludes this edition of Fundraisers That Work. Finding a great fundraising idea is only the start; it takes work and determination in order to raise money. That doesn't mean you need to break your back to be successful, it just means you need to be efficient in what you do.
As I discover more fundraising ideas, I will put them in future editions of this series. Until then, I hope these sugguestions prove useful!