Figuring Out Fundraisers
Schools sometimes seek to initiate new programs but lack the money to support such initiatives. Also, the amount received from the school’s parents may not also be enough to cover all costs that the school plans to incur in a given period. The major limitation of depending upon school fees alone as the source of income is that the school cannot change school fees structure without consultation with all the stakeholders which will take a very long time. To support new programs school have fundraising activities. Some of the methods school can use to raise extra funds are.
Schools can raise funds by making products or buying them and reselling at a margin. Such as opening a school canteen to sell snacks to both students and other people nearby the school. Many people are open to this fundraising idea as they see the value for their money immediately. Thereby school can get a huge market, unlike any other ordinary small retailer. It is common for persons who have in business for a long time to offer to help to student in setting up a successful business venture and guide them on how to maximize profits which are valuable lessons to the students.
Another way of raising funds is an(approaching companies to assist the school financial start the new programs. Many businesses are willing to play a part in the growth and development of schools within their area location. For example there are numerous academic contests that are sponsored by large enterprises in the state. The company benefits by creating a publicity about their goods and services through paying for the expenses of the school having a given event. One of the core values of many companies is social responsibility; thus schools should be aware that the business is also seeking a strategic partner to help them achieve their core values.
Fund for new school programs can also be raised by starting selling tickets to a game which participants stand to win big prizes. Schools can raise funds by creating a game where participants are supposed to purchase a ticket with a code which at the end of the game one code is selected and the person with a matching codes win the highest prize. On top of standing a chance to win participants are also lured to buy more tickets by the thought that the money is being raised for the growth and development of a school.
The best way to raise school funds quickly is not to use just one best method of raising money but to use a combination of ideas. Therefore the school can receive money from a large group of people. We have people who will contribute due to the school perseverance in its methods of raising funds; fundraising has never been easier, with the current technology people from all over could contribute.