Archive for May 2012
The type of fundraiser that you choose will greatly impact the profitability and success of your fundraising efforts. There are many different school fundraising options from candy bar fundraisers to cookie dough fundraisers to car washes and catalog sales. All can be profitable choices for your school. Let’s look at some factors to consider as you strive to determine if a candy bar fundraiser is an appropriate choice for your next fundraising endeavor.
Do You Have the Initial Investment Available?
Candy bar fundraising requires an initial investment. Basically your school will purchase cases of candy bars and then will sell them and keep any money earned. While these fundraisers are often very profitable, you will have to invest money upfront, so if your school doesn’t have money to put down you may want to choose another fundraising option like a cookie dough fundraiser or a catalog sale.
Who Will Buy Your Candy Bars?
Candy bar fundraisers can be especially profitable when the product can be sold at school. For example if your high school football team carries around bags of candy bars they may be able to sell many to fellow students between classes and before and after school. Many schools have nutritional regulations that may limit your ability to sell at school. If you plan to sell outside of the school you need to figure out who the students will sell to and where so that you aren’t left with a lot of product that you can’t move. Since you invest in the candy bars in advance any items not sold cost you money and cut into profits.
How Large is the Fundraiser?
Candy bar school fundraisers are often a great choice for smaller school groups and organizations. This is primarily because the fundraiser can be very profitable, even if you aren’t able to sell a large amount of product. Often you can earn profits around 50% even with only selling one case. If you do have a small group make sure that you find a fundraiser that you can handle. If you have a large group, it might be worth doing some research to find out if another type of fundraiser like catalog sales or cookie dough fundraising could be more profitable.
Is the Fundraiser Seasonal?
Even if you decide to go with a candy bar fundraiser you will still need to choose your product. There are many different types of product available, so you can easily host a seasonal candy bar fundraiser or an anytime fundraiser. Both can be profitable. If you are hosting a seasonal fundraiser make sure that your sale won’t be competing with other school fundraisers held at the same time. For example if your school is hosting a school wide holiday gift wrap fundraiser it might not be the best time to also hold a holiday candy fundraiser. Remember people only have so much money available and if your fundraisers are competing against each other you might be cutting into profits.
Selling candy bars, suckers and other treats can be a great school fundraising option. Use these questions found in this article to determine if your next fundraiser should be a candy bar fundraiser.
The goal of every school fundraiser is obviously to earn money for a particular school or organization. While there are many great fundraising options available, one of the most popular is the cookie dough fundraiser. In this fundraiser students take orders from family and friends for tubs of delicious premade cookie dough. The orders are then turned in and tubs of the dough are delivered and distributed. Here are five helpful tips to help you earn more profit on your next cookie dough fundraiser.
Choose the Right Provider
The fundraising company that you work with will largely determine the amount of profit that your school can earn on a cookie dough fundraiser. Often these companies set a particular profit margin that will be given for each item you sell. Generally you can earn profits ranging from 30%-50% per sale. The amount you will earn will depend on the company you choose. Find a company that will provide you with the highest profits available. Be sure to ask about fees, shipping charges and other expenses as these can cut into a fundraiser’s profitability. Call a few school fundraising companies and compare profit margins before you make your final choice.
Sell Large Amounts
Of course with any fundraising venture, the more you sell the more you earn. However, in cookie dough fundraisers this principle is true in more ways that just one. Most companies will offer you a percentage of each sale. This percentage will fluctuate depending on the amount of product that you are able to move. For example if you sell 100 tubs of dough you might earn 30% and if you sell 1,000 tubs of dough you might earn 50%. Selling more cookie dough secures you a higher profit margin in addition to the earnings that you make with each item sold. Finding ways to sell more can really increase profits.
Losses are a part of fundraising, but keeping them to a minimum is important to your profits. Make sure that you plan ahead to reduce potential losses. For example once the cookie dough is delivered it will need to be stored in a refrigerated area. If this isn’t possible you will need coolers. Plan for storage of the dough and find efficient ways to distribute it so that you can limit the amount of dough that cannot be used.
Appeal to Teachers and Support Staff
Many school fundraisers expect the students to handle all of the selling, but if you reach out to others that have an interest in the school you may be able to earn more. Encourage teachers, school staff and others to participate in your fundraiser. You may even want to ask parents to play an active role in the fundraising process. The more people that sell, the more you will earn. Parents, teachers and other adults often have more connections than children and may be able to sell more effectively.
Hold More Than One
While one cookie dough fundraiser can be profitable, two is even better. Remember that some people would love to make a purchase and support your school, but are financially not able to do so at the time of your fundraiser. Others love the cookie dough you sell, but can only use so much before it expires. Hosting multiple fundraisers allows you to reach more customers and will increase your profits.
While earning money is an important part of fundraising, remember that it isn’t the only goal. Take this opportunity to teach students and encourage them while earning the money that your school needs.