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Effective Techniques A School Can Use to Get More Funds Raised

Many schools nowadays are struggling to raise funds internally or get sufficient funds allocated by the government. 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. For example it is a popular idea to have school students selling cookies. The good thing about this method is that the person paying for the products get something in return for the amount of money they pay. Thereby school can get a huge market, unlike any other ordinary small retailer. Also the students participating in the exercise acquire essential business skills and get to interact with various business gurus who volunteers to help the school establish a successful business activity as a means of raising funds.

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 instance, companies may offer to buy the school games uniforms and kits. This idea may offer the company an opportunity to grow their marketing plans leading to more sales. Also, the school by accepting the financial help of a company is helping them achieve their core value of corporate social responsibility.

Selling of competition tickets where the buyer stands a chance to win the grand prize. The objective is to sell as many tickets as possible by making the winning very lucrative to the target market. 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 success of the school fundraising is dependent upon the number of ideas used and the effectiveness of each idea. Hence school will increase the success rate of a fundraising by using a combination of various ideas. also the ideas used may stimulate the goodwill of people to contribute even more than the expected amount.

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