Low Cost Fundraising Ideas
With the rising cost of nearly everything, it’s no surprise that many new nonprofit or smaller organizations have a genuine need for donations, but without a decent budget to attract these donations. If you’re finding yourself stuck between needing donations and not having enough capital to actually create events to attract donors, then continue reading to uncover low-cost fundraising ideas.
Simply Ask for Donations
For some, this task seems simply too easy. People search for hours for school fundraising ideas and would never dream of asking for a donation without a fancy event or cookies to sell. Sometimes the best way to achieve the level of donations you require is to simply ask those you know for donations. Ask all your volunteers and board members to sit down and begin making phone calls. If you require a relatively low amount of money, typically under $15,000, this may be the most effective, and cheapest, way to meet your fundraising goals. Remember, never solicit those who are clearly uninterested in your services. The most successful way to cold-call individuals is to create a list of those who will be most interested in your cause. Be selective, it’ll pay off.
Hold an Event in a Private Home/Business
Instead of renting out a ballroom or restaurant, simply hold a fundraising event as a private residence or in a supporting business. If you’re being sponsored by a local business, perhaps a small fundraising event can be held at their property. If not, ask your friends, relatives or business associates to see if holding a party is an option. If so, you can save hundreds, if not thousands, in rental fees. The most successful events held in these venues are those seeking less than $5,000 through fundraising.
Online Fundraising
Perhaps the most cost-effective way to reach out to potentially millions of interested donors is through online fundraising campaigns. With a myriad of fundraising-centric websites, it’s simple to create a website and advertise via social media and through e-mail. If your nonprofit or cause doesn’t already have a website, set one up. There are many free and low-cost website options.
Many times, this is the most effective way to not only inform the general public of your fundraising attempts, but to inform those who may be interested as you’ll be able to include a myriad of informational pages. Remember, the most effective fundraising campaigns are those that practice complete transparency. The quicker you can answer questions and provide clarification of your cause, the quicker a donor is able to donate.
Posted in Fundraisisng Ideas by WCCF with comments disabled.