Do you work in a non-profit organization? If so, then you’ve probably participated in a fundraising event. Planning a successful fundraising event is no easy task and it can be overwhelming if you’re doing for the first time. There are plenty of things that you need to take care of such as drafting your budget, mobilizing fundraisers, writing emails and sending them to potential donors, and choosing a venue for the event. While every fundraising is different depending on the cause, we have listed below four tips on how to successfully fundraise.
Some ways on how to successfully fundraise include drafting a budget, take all the time you need to plan, picking out a venue and more.
It’s imperative to determine the costs of your fundraising event against the potential amount you expect to be raised. Drafting a budget allows you to know the appropriate measurements to take in order to minimize expenditure and maximize fundraising revenue for your organization or team.
Also, you need to set timelines and budget for everything and stick to them. Investigate potential people and cash sponsors who may be interested in your event and be willing to contribute. If your business is connected to any charity, take them into consideration and try to get them on-board. Don’t also forget to choose an event and venue that are within your budget.
For efficient operations, you must set a realistic time frame. A minimum of six months time is usually recommended to give you ample time to find sponsorships, book vendors, and sell tickets. The planning component is actually very important for a successful fundraising event. As mentioned before, choose an event style that is within your budget. It could a gala dinner, a charity walk, or golf competition day. Once you determine the event style, set an appropriate time when you’ll hold it. By creating timelines, deadlines, budget, and contact lists, knowing what you’ll sell there, you can achieve a successful fundraising event.
The location of your event is very important, and it will mostly depend on the style of your event and budget.
Choose the most appropriate location that can positively impact attendance, and create mood and theme of the event.
While the location is important, also consider what the venue offers in terms of special promotions and discounts in order to assist your event’s fundraising efforts. Review your budget and choose a venue that will work best with it. Don’t be tempted to choose a gala when you know you can’t afford. Instead, you can choose something like a charity walk that will work with your tight budget and works for a number of organizations, clubs and sports teams.
Does your organization or business have enough resources to hold this event? Or should you consider outsourcing? While do-it-yourself can look like an inexpensive approach, hiring experts can prove to be more cost-effective and efficient in the long-term. This is because professionals have vast experience and many helpful connections that could help make your event a success.
Don’t know how to successfully fundraise? Following these tips will help you plan a successful fundraising event and help you raise money. Don’t rush things. Just take your time to plan everything and seek support where you think you can’t accomplish yourself.