How To Speed Up Fundraising For Your Nonprofit Fundraising is an important and an inevitable activity for any nonprofit organization. During this process, there may arise a few circumstances and situations, wherein you need to quickly raise the fund. It is because nonprofits are primarily required to spend time with their prospects and donors and make them understand the cause for their fundraising, and the aim of their organization, all with a well-written plan.
However, there are certain situations like financial difficulty, wherein you may find it inevitable to raise quick funds. Moreover, it is also crucial that your donors should be readily helping you raise funds. Fundraising has never been an easy task to do because it asks for all your genuine efforts to approach the donors, prospects, and sponsors (in some cases) and make them trust your organization and its goal. You need to win their faith in you and then, they can readily give you. Quick fundraising can be done effectively if you follow certain guidelines.
Approach Your Current Donors It is far better to ask from your current donors than to make new ones. They know you well, as they have given you, and also they know your goals. So, it is easier to convince them to be generous once again and give your organization. As the connection has already been established, you can either email them, call them, or else you can meet them in person to convey your requirement. Alternatively, you can also hold an event and invite them. Moreover, as they have donated earlier, they can give money to your organization again if you convey the urgency of your need.
Conduct a Mini-Campaign Fundraising campaigns are well-known for raising funds more effectively. With the urgency of funds, you can hold a mini-campaign wherein you can show a pamphlet or a booklet showing/explaining your financial needs and the cause for the same. Before doing this, it is important that you decide the amount you need to raise and the ways in which you will progress to do so. You can also track your progress for the predefined short duration of your fundraising.
Sell Your Events And Activities In Advance It is considered as one of the quickest ways of raising funds. You may have planned your events and activities to be held in the future. But, it is recommended that you sell them in advance to raise your emergency funds. For this, you can also keep low rates of your tickets for the same. With low rates, you can attract more sponsors and donors and alternatively, you can also arrange some return gifts to motivate them.
Fundraising Events By Sponsors You can hold viral fundraising events by asking your supporters to do it on your behalf. They can hold some effective events which they can make viral in the name of supporting your nonprofit. It will attract more volunteers to your fundraising if they find your supporters to be stronger and well-known. Moreover, your cause will also play a vital role in doing so. Therefore, do not forget to convey and spread your organization’s goals behind the fundraising.
Cost Cutting It is not a quick way to raise funds, but is effective in the long run. If you save a few dollars, going wasted on unnecessary activities, you need to raise less by the saved bucks. In short, money saved is equal to money raised in this case. So, cut off all the costs that are expended on less or not important transactions.
Have Referrals It is also not a quick fundraising method but is very effective in the long run. You can ask your current donors and sponsors to introduce you to their colleagues and friends who may be interested in the activities and goals of your nonprofit. This way, you can approach new people and you never know when you might click a new donor or a volunteer. So, use this method in your regular fundraising course as well. Asking for referrals can always be beneficial to your organization.
Make Your Event Sponsors, Your Annual Donors Your current donors may be funding you with money at the corporate events you hold for the same. You can convert them to your annual donors which will be a regular fundraising for your nonprofit. For this, you can make a list of your current donors and approach them for asking annual cash. It is a fact that the donors won’t give until you ask them. So, it is very important for you to approach them and ask them for money on an annual basis which will make them your annual donors. Alternatively, you can also organize annual events in the initial stage and ask them to donate to your cause. Eventually, you can convince them to give annually. Fundraising is a continuous process for any nonprofit organization. But, it is also a fact that they may run out of finance anytime, and so, quick fundraising methods are helpful to fulfill their purpose.
Article Provided By: http://monkeychallenges.biz/ Original Source URL:
http://articles.org/how-to-speed-up-fundraising-for-yo ur-nonprofit/