There are a lot of ways to make money. To help decide which ones will be best suited to your group, we’re going to first identify categories into which most fundraising efforts fall.
1. Product Sales
Selling a good product to fulfill a market need has always been an effective way to raise money.
Many manufacturers and distributors offer fundraisers that allow groups to buy at wholesale and sell retail. Ideally, you’ll want to deal with a company that offers a consignment or return policy so that you pay only for products you sell.
2. Raffle
If you can sell it, you can probably sell a chance to win it! There are loads of great things people would love to have, and non-profit community groups are often able to purchase an item for raffle at a discount.
3. Lottery
Like a raffle, you are selling the chance to win. In this case, the prize being offered is generally money as opposed to a product. Lottery-style fundraisers like bingos and casinos are regarded as fundraisers and often have waiting lists of charitable organizations who wish to participate.
4. Pledge-a-Thon
Holding a pledge drive can be a good way to make a lot of money from a single event. Even a small amount pledged can add up to a substantial sum.
5. Events
Holding an event can be a lot of fun. Done right, it can also be very profitable. Many successful events recur each year, providing a guaranteed return that can be projected annually. This helps take some of the guesswork out of fundraising.
6. Donations
Soliciting donations can be an effective component of many fundraising campaigns.
7. Membership Fees
Much of a group’s funding can come directly from its members through various dues collected.
8. Advertising Sales
Providing your business community an opportunity to promote their products/services through a club calendar or similar device is an excellent way to offset the production cost and make extra money from the resource.
9. Service Sales
Service can be sold as easily as products and here again, the only limit is imagination.
10. Investments
Being in the fortunate position of having a trust fund built up within your organization may allow your group to rely on the accumulating interest to make up a portion of your annual funding.
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