Finance: Five Reasons for Fundraising Failures

Five Reasons for Fundraising Failures

Written by David Westbrook

Most nonprofits today live and die by their ability to successfully raise funds. The more funds they are able to raise repparttar

more good they are able to accomplish. A successful fundraiser has repparttar 150953

potential to do much more than just generate funds for an organization. It can energize staff and board members, it can generate awareness about repparttar 150954

importance of repparttar 150955

organization’s mission, it can be serve as repparttar 150956

beginning of a new relationship with long-term donors and it may generate additional publicity for repparttar 150957

organization. Unfortunately, a fundraiser if done incorrectly can produce a strong negative effect in just as many areas and may even end up costing repparttar 150958

organization money rather than making it money. To keep your fundraising efforts on track and prevent your fundraising efforts from becoming fundraising failures consider repparttar 150959

following five common mistakes made during fundraising. Many organizations lack a written plan for their fundraising efforts. Without this important document, they bounce around from one idea to a next. “Oh I know, lets try a letter writing campaign,” someone will suggest sending repparttar 150960

agency off in this direction. Another board or staff member says, “The humane society did a pet walk and it worked great for them. People love to walk their pets.” When that doesn’t work out repparttar 150961

organization is off to yet another idea. A written plan with clear goals, objectives and a timeline for each effort provides repparttar 150962

organization a rudder without which repparttar 150963

organization wanders aimlessly and wasting time. In order for people to participate financially in a fundraiser, they need to understand what it is repparttar 150964

organization does and why it is important. Too many fundraising events never reach their full potential because repparttar 150965

organization fails to convince repparttar 150966

donor of

importance of repparttar 150968

mission, or worse yet never even bothers to explain repparttar 150969

mission at all. Communications to repparttar 150970

public and outreach efforts to specific individuals should communicate a sense of urgency for repparttar 150971

need that

organization meets. “There are 300 children who go hungry in repparttar 150973

city each day,” or “100 wild horses will be put to sleep without this organization’s efforts and we need your help” are examples of clearly stating repparttar 150974

need. The message should then be repeated at repparttar 150975

event so that people are reminded of why it is important that they give.

Internet Payday Loans: Tricks And Tips

Written by Joel Walsh

Online payday loans make money available when you need it fast. But many websites offering these cash advances will try to trick or trap you into paying huge interest. Find out how to beat online payday loan lenders at their own game.

When you need money today, and not just a week from today, online payday loans can be a salvation. But for many people, these loans, also called payday advances or sometimes just cash advances, have become a nightmare. Here's repparttar good and repparttar 150929 bad of getting an online payday loan:

• Good: applying for a payday advance or other cash loan online rarely requires a credit check. There's also virtually no waiting to get cash, and no collateral, down payments, or paperwork headaches required.

• Bad: online payday loans’ interest is close to or beyond outrageous, and repparttar 150930 true cost is often hidden in repparttar 150931 language of repparttar 150932 agreement. Some payday loans have charged repparttar 150933 equivalent of 600% annual interest!

• Really bad: some online payday loan lenders are not trustworthy. In some cases, lenders have made unjustified charges to clients' bank accounts. Just remember: they can take money out of your account just as easily as they put it in. Anyone can open a website, so be sure to check out repparttar 150934 reputation of an online payday loan lender.

Online Payday Cash Advances: Tricks of repparttar 150935 Trade

As with everything else in life that involves money, if you don't want to get cheated on your online payday advance, you had better know everything you need to know before applying. Here are some dangers to watch out for:

• Interest and fees. Hit repparttar 150936 "back" button when you get to websites that don't tell you repparttar 150937 interest rate and all fees, including late and penalty fees, or try to hide this information. Legally, all payday advance lenders are required to provide this information.

• Expensive no-interest loans. Some online payday loan companies offer no-interest loans for first-time borrowers. These really can be great, but beware: oftentimes these loans stop being free if you pay even a day late.

Cont'd on page 2 ==>