Money · November 25, 2022

How To Make Money In Non Profit

How To Make Money In Non Profit – When you’re planning a non-profit fundraising event, ticket sales are probably not enough to bring you the total revenue you need.

Whether your event is in-person or virtual, you’ll need additional revenue streams to increase your event’s bottom line.

How To Make Money In Non Profit

How To Make Money In Non Profit

You will need additional sources of income to increase the total gross income for the event so that your net income is sufficient to justify holding the event.

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Below are 8 of our favorite ways to make money at your next nonprofit fundraising event, no matter what type of fundraising event it is.

Some of these ideas will not only take you home, but add interest and FUN to the event (and that’s a good thing!).

#1: Sponsors Recruiting sponsors for your event is almost a necessity if you want a healthy bottom line for your nonprofit fundraising event.

$500: Name and logo in the program and on the event page of your website, dinner and wine for 4 people

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$750: Name and logo in program and event page of your website, dinner and wine for 8 people

$1,000 or more: Large logo and ad in the program and also on the event page of your website, dinner and wine for 10 people (if in person, special table for major sponsors)

It is not always easy to find corporate sponsors. The easiest way to start is by asking friends, family, committee members and volunteers who they know might be interested in sponsoring your event.

How To Make Money In Non Profit

#2: Live Auction Live auctions are an energetic, fun, interactive way to get your visitors moving and engaged AND generate thousands of dollars for your nonprofit at the same time.

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If possible, hire a professional auctioneer who has experience with charity auctions and knows how to work with your type of audience.

This is not the time to get your brother-in-law auctioning livestock at the local barn just because he’ll do it for free. Studies show that professional auctioneers raise up to 30% more than non-professional auctioneers!

When choosing items for your live auction, consider your audience. If you have the right people in the room, they won’t think twice about shelling out thousands for their entire family’s trip to Disney World. The wrong audience won’t offer anything, even if it’s a big offer.

Silent auctions are fun and can raise a lot of money, but they require planning and logistical work to collect, photograph or display the items and distribute them if the winner isn’t there in person.

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Collect tons of donated items from supporters, local businesses, local artists, and anyone else willing to donate something that will interest your audience.

If your event is personal, display your items with an item number and description. If your event is virtual, take photos and post them on your auction site.

A big advantage of silent auctions is that you can start bidding days before the actual event, which can lead to higher bids!

How To Make Money In Non Profit

There are lots of great auction software options that will text your bidders when they outbid, extend the auction time if multiple bidders are still competing, and collect funds directly from your bidder’s smartphone.

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Quality is more important than quantity, so make sure you’re getting things your audience will want – not a bunch of junk that’s just filling up your auction space.

Usually, more expensive items like cars or expensive jewelry are ideal for a raffle. As long as it’s something most people want, you’ll have no problem selling raffle tickets.

Use common auction items and save the big items for the raffle. Reason? Many people may not have hundreds of dollars to bid on a big ticket, but many people have a few dollars to spend for a chance to win something valuable.

Think about it! Could you offer $400 for a big screen TV? Or would you rather buy $5 raffle tickets for a chance to win it?

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Sell ​​raffle tickets for a specific time period. Post when your attendees have 15 minutes left to purchase tickets and post again when 5 minutes remain. After you close the purchase window, draw the tickets live and announce your winner!!

One last note about sweepstakes: PLEASE CHECK with your state to see if you need a permit or license before running a sweepstakes! Depending on your state and the laws in your state, you may have paperwork to fill out, fees to pay, and other hassles to jump through. Or maybe there is nothing. Just find out before you start planning your giveaway.

Fund-a-Need is similar to a live auction, except you’re asking for donations for a specific cause and the bidder gets nothing in return.

How To Make Money In Non Profit

Think of it as a donation auction. Your auctioneer states the need. For this example, let’s say you run an animal rescue and want to raise money for spay surgeries. And let’s say each operation costs $50. You would ask your audience, “Who can donate $50 to neuter one animal?”. Hopefully a lot of people will raise their hands or paddles at that time. You will record all of their bids and add them to their total at the end of the night.

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If your Fund-a-Need is a simple and affordable item, it could be your biggest earner of the night. They are especially effective because your participants feel little peer pressure to donate, which also increases donation amounts.

The nice thing about Fund-a-Need is that you actually get donations, and you can probably keep those people giving year-round with a little supervision.

#6: Get out of the clinker This event starts with the founder or director in a “jail cell” (this could simply be a screen that looks like bars – very easy to make with PVC pipes!).

Announce that they are in clinker and announce the bail amount. Then, people donate a certain amount to “pay the bail”. When the total reaches the bail amount, your criminal is released!

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You can keep it very simple by just accepting donations until you reach your goal amount, or you can add some fun by having boosts that give the inmate more privileges along the way. For example, let’s say your bond amount is $1,000:

Start with a desirable prize of medium value. It can be a gift card, something electronic, or anything that most of your audience will want.

The game starts with everyone standing. Participants will have a card that says “Heads” on one side and “Tails” on the other… OR they can stand and put their hand on their head or butt. A coin is tossed and the announcer announces whether it is heads or tails! All those who guessed correctly remain standing, while those who guessed incorrectly sit in their seats.

How To Make Money In Non Profit

I once attended an event where you could buy 3 glow in the dark necklaces for $50 and each necklace gave you a chance to play a game. You put all 3 on at the start of the game and when you guessed wrong, you simply took one of the necklaces off. So it was easy to see who was still in the game and how many opportunities they had left.

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In a room of 150 people, if 50 of them decide to play and each pay $50, you can see how quickly that adds additional revenue to your non-profit fundraising event!

A donation tree (in person) or wish list (virtual) is a great way to raise funds for specific needs within your nonprofit.

On a tree or wish list, list the specific things your organization needs and how much they cost. Each item has its own mark on the tree or line in the list.

For example, if you run a homeless shelter, you might need sheets or kitchen utensils. List each item and how much it costs, and people have a chance to pay for them!

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Pro Tips If your event is virtual, make sure attendees receive all the items they will need to participate in your activities. These items can include bidding paddles, keys, raffle tickets, etc.

If you’re offering these things at the last minute, you should have a digital version that you can email to your recipients and they can show their phone screens or print out whatever they need.

Find an easy way to collect credit card information from each participant who plans to bid on the auction. They should not receive bidding paddles until you receive their information. Most auction software programs, like Auctria, can handle all of this for you and collect payment when your event is over. The important thing here is to make checkout quick and easy at the end of the night so no one has to wait in line to pay for their winnings!

How To Make Money In Non Profit

If your event is virtual, let the activities and games take place with only short lulls in between. Make it exciting and fun with lots of interaction and people will come back next time!

Ways To Make Money At Your Next Nonprofit Fundraising Event

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