Top Fundraising Methods
There are several methods one may use to raise money through fundraising. It’s inadvisable for an organization to conduct a fundraiser in short notice or other words “a quick fundraiser.” Instead non-profit organizations are advised to build relationships with donors or prospects, and come up with a plan that ensures they can raise money that meets their target. Unfortunately, due to some reasons, there are situations where organizations might find themselves in financial predicaments. This might arise from an economic downturn or the exit of a major donor unexpectedly. When such a situation arises, they will have to come up with a fundraising strategy in short notice.
Here are five top recommendable fundraising methods
1. Reach out to your current donors
The individuals who are most likely to give money to your organization are those who have done it before. So this makes the best donors your current donors. You must identify crafty ways to approach them for more funds. Feel free to hold events, mail them or make phone calls. Communicate with your donors on why you need them.
2. Come up with a mini-campaign
Unlike the major fundraising campaigns we are all familiar with, hold a miniature version similar to them. First, you must have the average estimate of how much you intend to raise. Select a campaign chair and assistant chairs. To make your strategy more clear, you can make a small booklet which outlines your revenue needs on your office copier. You can organize a kickoff and keep track of any progress during the short fundraising duration.
3. Sell your fundraising events and activities in advance
This is one of the quickest fundraising tactics. If you have any fundraising event approaching, later on, you can give better incentives that will make your event more attractive. For instance, you can do a raffle, sell your advance tickets at lower prices or even organize a walk-a-thin. A smart way to raise money for your events and activities is by using future activities and events as bait.
4. Thanks to technology engage in viral fundraising
For those who might need money on short notice, you do not need to carry out a major fundraiser. Converse with your best supporters and encourage them to carry out mini fundraisers on your behalf. Through this strategy, you will be able to hold mini fundraisers in supporters’ homes where money can be raised from their networks and connections. If many events are held at your behest, they will add up quick and set you within reach of your target in a short while.
5. Have a silent auction
A silent auction can be a good way to do a fundraiser within a short period. The surest way to make sure that your silent auction is successful is by ensuring that you have the items that will be on sale and come up with clear guidelines on how to handles it. For first time organizers, don’t worry you can get a silent auction bid sheet online that can guide you on what is required and how to run the whole process smoothly. Even though the exercise may be a challenge to you for the first time, identifying the exact items that will be on sale is the most important thing to set you on your path to running a successful fundraiser.