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Monday, March 30, 2009

Non Profit Fundraising - 5 Low-Cost Ideas

Could your organization use some additional funding, but you are stuck with the same fundraising ideas -- that aren't working?You are not alone.Many non profits face the challenge of identifying fundraising ideas that require little to no initial outlay of funds.Here are five low-cost ideas.

1.Hold a Seminar, Telecourse or Webinar

Most organizations have access to valuable expertise -- even if they don't realize it -- through their boards or volunteers.Take an informal survey of your volunteers and board members -- find out what skills they have.Once you've identified someone with expertise (that people normally would pay for), then ask them to do a seminar, telecourse or webinar.The volunteer would provide the training and in exchange the participants make a donation to your organization.

2.Host a Tea & Podcast

Even in lean economic times, no win non fee accident volunteers or board members would be willing to host a low-cost event in their homes.For example, tea is fairly inexpensive as is a free podcast.Volunteers or board members could invite their circle of friends, serve tea and listen to a podcast on a topic relevant to your organization's mission.Of course, they also would provide an opportunity for folks to donate to your organization. Remember to make it easy for the volunteer or board member -- provide them with the link to the podcast, brochures, information and any other resources they may need.

3.Create a Fitness Group

Most people want to be fit -- that's code for "lose weight."Your organization could create a "fitness group" that supports people in this process.(Note: be sure to check with your legal counsel and insurance specialist about any liability issues.)It could be as simple as a volunteer organizing a group of people that walk every morning at one of the local parks.In exchange for the accountability, participants would make a donation to your organization, possibly on a monthly basis.

4.Activate Student Groups

Whether it's middle school, high school or undergrad, students are a seemingly never-ending source of energy and enthusiasm.And, they are extremely creative and capable.Give them a budget (i.e. $100) and then give them the freedom to develop a strategy to raise a specific amount of money within a certain time frame -- you may be surprised. Also consider identifying a parent or local business that will match the funds the students raise within a certain time frame.It's a great motivator.

5.Create a Contest

Creating a contest accomplishes two things.First, you create urgency.If the contest last 30 days, donors have to take specific action within a specific time period.Creating urgency gets results.Second, you tap into the competitive nature most people have (in varying degrees).A desire to "win" exists in most of us, so leverage that for the greater good.Make sure to provide regular updates throughout the contest and prizes (donated by a local business) to keep people engaged.

Remember: whatever fundraising event or campaign you choose, be sure it is consistent with your organization's mission.To your success!

Want more tips & strategies for raising funds fast? Kristy Hall provides training & coaching for nonprofits to raise funds quickly and helped a small nonprofit raise over $40k in 30 days during a recession. To get your Free Report - 7 Secrets Every Nonprofit Should Know To Find Funds Fast - visit:

href="NonprofitSuperSeries.com">NonprofitSuperSeries.com

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