Learn how to easily optimize your fund raising ideas -- whether for school fund raising, church fund raising, charity work, non profit organizations, or business – that require minimal effort but produce maximum monetary rewards.Leverage is a fairly simple concept. According to Webster, leverage “…provides an increased means to accomplish some purpose…” Applied to fund raising ideas, leverage provides an increased resource that optimally maximizes fund raising efforts, consequently optimally maximizing desired financial revenue.
Let’s use a typical school fund raising idea as an example.
The school decides to use a company to provide candy bars for their annual fund raising event. The company then provides school, who, in turn, provides students with candy bars to sell. Students lug their boxes of candy bars home and then sell them to family, friends, and neighbors. On a set date, school expends time and resources to collect monies from students’ efforts, and awards prizes to those producing most sales.
Once school fund raising event is over, school forwards to company a portion of their acquired monies from sales, however, no further income from that project is expected or received by school.
The company providing candy, however, has employed a form of leverage to promote their sales by utilizing school’s and students’ time and efforts. The company has also doubled their leverage, as school will probably return following year to host another school fund raising event. The company may even triple their leverage when school recommends this fund raising idea to other schools.
Note: The school, unfortunately, has not experienced leverage with their fund raising idea, although school and students have expended a lot more time and work than company did.
How can a school, charity, non profit organization, church, or business implement leverage in their fund raising ideas or efforts? And more importantly, how can they optimally maximize their leverage?
The goal would be to develop a fund raising idea that provides not only immediate income, but also residual income. Not only will time and effort expended in fund raising project be maximized, but financial rewards will be maximized as well.
How can that be done? Well, you will need to think “outside box” with your fund raising ideas. Here are a few tips:
·Find a product or service that every household uses or will use on a daily basis. ·Avoid products that require inventory ·Search Internet or brainstorm for products or services that provide residual (continuous or self perpetuating) income for your time and effort. ·Closely examine compensation plans offered with these products or services.
Here’s a little tip on compensation plans – bottom line to your desired financial rewards:
Look for compensation plans offering payouts to your organization by incorporating these three areas:
·weekly payout ·monthly residual (continuous) payout ·annual bonuses