The Beginners Guide To Fundraisers (Chapter 1)
Schools sometimes seek to initiate new programs but lack the money to support such initiatives. Also, the amount received from the school’s parents may not also be enough to cover all costs that the school plans to incur in a given period. The system used to come up with some school fees each student should pay is very rigid hence lacks elasticity to cater for new school expenses. Fundraising activities are becoming popular in many schools as a means of meeting the extra school expenses. Some of the methods school can use to raise extra funds are.
One of the simplest fundraising ideas is starting products selling program. For example it is a popular idea to have school students selling cookies. Many people are open to this fundraising idea as they see the value for their money immediately. Thereby school can get a huge market, unlike any other ordinary small retailer. Also the students participating in the exercise acquire essential business skills and get to interact with various business gurus who volunteers to help the school establish a successful business activity as a means of raising funds.
Another way of raising funds is an[approaching companies to assist the school financial start the new programs. Many businesses are willing to play a part in the growth and development of schools within their area location. For instance, companies may offer to buy the school games uniforms and kits. The best thing about this idea is that both parties benefits, the school gets financial assistance, and the business create a good public image and reputation. One of the core values of many companies is social responsibility; thus schools should be aware that the business is also seeking a strategic partner to help them achieve their core values.
Selling of competition tickets where the buyer stands a chance to win the grand prize. The idea is to create a relatively simple contest which all a persons need to do is buy a ticket and wait to find out if they will be announced as the winner. Everyone likes to win, and therefore the school will find a large group of people who will not give money to the school directly but are willing to participate in the competition.
The best way to raise school funds quickly is not to use just one best method of raising money but to use a combination of ideas. Hence school will increase the success rate of a fundraising by using a combination of various ideas. Having a creative fundraising idea can help even exceed the targeted amount.