Lotteries have been one of the most successful business ventures in history, as people are naturally drawn towards large rewards, regardless of how minuscule the odds of winning are. A great fundraiser to host in your chapter, school, or community is a raffle! They are fairly easy to setup and can help raise substantial amounts of money.
The key to a raffle is having an organized method for counting who bought what ticket and ensuring that you reach a wide audience. Another key thing is to incentivize your audience. Ensuring that you have a good prize will create s substantially larger interest from your audience. For example, if doing it within your chapter, you may choose to offer free conference registration, if doing it within your school or community you may set up prizes such as gift cards.
After advertising, the easiest way to track which ticket belongs to which person is through a spreadsheet or any other method electronically. Give your fundraiser a bit of time to build up steam, and after hitting your goal, you can perform the raffle and notify your winners. It’s a great way to raise money, and some people win prizes along the way!
Sometimes, all you need to incentivise people is to create a little competition. Selling calendars, pens, school supplies etc. are an age-old fundraising trick, but adding a little competition to them is a great way to ramp up efforts, and create a better outcome.
Regardless of what your fundraising activity is, creating a contest based around this activity will inspire more people to become involved, and will ultimately cause more people to participate. For example, assume that your fundraising effort is selling candy bars. You can create a contest based on who sells various amounts of this candy bar. A person that sells the minimum of say ten candy bars receives a particular prize, a person that sells twenty gets another award, and this continues for various prizes and various amounts of candy sold.
Adding a contest to a fundraising effort creates a new more fun element to it, and pushes members within your local chapter to get more involved within it. With a small investment in prizes, you can exponentially increase the outcome of your fundraiser.
One of the best ways to raise money is to involve a large part of your community, and a great way to do this is to have a fun-filled game night!
The cost of supplies involves the game that you are playing. For example, with bingo, you would have to buy the cards and create the chips. If you were hosting a trivia night, then you would have to come up with the questions and arrange for a method of answer submission.
The trick to having a good and successful game night is preparation. If you plan, you can have a large turnout and the larger the number of people that attend, the higher your revenue from the game night is.
Game nights are a great way to have a large portion of your chapter participate, and since there are so many people attending, it’s a great way to increase awareness for FBLA.
One of the most overlooked ways of raising money is partnering with businesses. Companies such as Chipotle, Krispy Kreme, and many more all offer various ways for organizations, such as FBLA, to raise money.
One great example is Krispy Kreme’s doughnut fundraiser. Local chapters can buy boxes of dozens of doughnuts at discounted prices, and then sell doughnuts individually to make profits.
Another great company that helps with fundraising is Chipotle. Local chapters can partner with Chipotle and designate a particular night where 50% of the profits go to the local chapter. With planning and proper execution, chapters can bring in involvement from the entire community and truly make this fundraising event a success!
These are just two bigger companies that offer fundraising help for organizations and are by no means the extent of partnerships. Check with your local businesses to determine if/how they are willing to help! Partnerships ultimately bring awareness to the company and help you raise money, a win-win situation for everyone.
One of the best feelings in the world is walking into a house with the smell of fresh cookies out of the oven in the air. It’s almost impossible to resist, and lends itself to a great fundraising idea, bake sales!
Bake sales are a great way to not only raise money but to also get members involved in your chapter and to employ business skills that you have learned when selling those baked goods. Members from your local chapter can each bring in baked goods and combined you have a large assortment of products to sell!
You can set up your sale within your school or at various community events, and have local chapter members volunteer. Selling these baked goods will serve as an excellent free enterprise lesson for your members, and will allow you to learn skills that are required to run a business in a smaller fashion.
Overall, a bake sale can serve as a way to get members involved, raise a significant amount of money, teach lessons that are unable to be found in a traditional classroom setting, and have fun!