School Fundraiser News - Elementary school fundraising ideas and inspiration that create success! Here you will find elementary school fundraising ideas for parent groups such as PTO's, PTA's and PTSA's as well as school fundraiser advice for school administrators, principals and and the community. From Jay Moneta, Vice President - Believe Kids Fundraising
Showing posts with label revenue. Show all posts
Showing posts with label revenue. Show all posts
Wednesday, March 23, 2011
Weirded out - Elementary School Fundraising Ideas for PTA PTO and Principals
Every time I think of this time of year I get a bit weirded out.
Let me explain.
In the next two months, thousands of elementary schools set out to find the fall fundraiser of their choice. Unfortunately, every year schools choose fundraisers that fall flat. What's more, many will fail.
They fail in terms of low revenue, significant time demands or fall flat by making the PTA PTO or Principal look bad in one way or another. So, why does that weird me out?
I want elementary schools to make their decisions on the following considerations:
1) Ease
2) Profit
3) Happiness
Instead, I know schools will choose fundraisers over and over again that fall short in one of these basic 3. They may shoot for ease but spend 100's of hours preparing for their fundraiser or sell an easy program that believe will make them happy but not make any profit.
So, I'm not saying that there are endless amounts of fundraisers that achieve all of these 3 basic premises but there are enough to allow every single elementary school to have a very successful fall fundraiser - one that is easy to handle, very profitable and leaves schools, PTA's, PTO's and Principals happy and looking good!
If you are involved in your school and you're getting ready to choose a fundraiser, shoot for all three of the items above not just one or two. You can do it!
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More information on elementary school fundraising ideas is available at the BelieveKids.com website and of course, other quality companies can be found on sources online.
Tuesday, November 2, 2010
Fundraising Revenues... Apples to Apples...
Guess what? Schools don't compare and they don't choose fundraisers rationally. Sorry. I know how that sounds. But it's true.
The good news is that everyone makes decisions in life that follow the same lack of true rational. It's not just PTA and PTO presidents, it's everyone - everyday.
We make decisions based on emotion and security and we base them on feel and trust, etc. So, what happens when a company that you trust let's you down and your school fundraising revenues fall?
Here is an example I just ran across involving a competitor who shall remain nameless other than to say they have a trusted name in the fundraising industry.
The school reports going from $12,000 raised last year to $8,000 raised this year. The thing is, they went from 50% profit to 40% profit margin from last year to this year.
Let's take a look at the numbers:
$12,000 @ 50% Profit Margin = $6,000 to School
$8,000 @ 40% Profit Margin = $3,200 to School
That's a 47% drop in revenue.
The point here is - specifics matter!
I get that we make decisions on relationships and trust and some other stuff but school fundraising is hard enough. It shouldn't be a shot in the dark and it shouldn't be a difference of 47% from one year to the next.
There were certainly hints that this fundraiser wasn't going to perform the same as it had in the past but I am not sure the school was unaware of them. Regardless, they didn't have a plan to make up the difference.
So, if you are the fundraising chair or PTA / PTO president deciding on your fundraisers, please don't be afraid to ask the tough questions. I know we're not really wired to do so but you owe it to your school to have a bit of predictability when it comes to your school fundraising.
A little tough questioning will equal fundraising consistency. Ask the tough questions!
• Historic number of items sold per student
• Historic student participation rates
• Average item price
You get these three numbers and you should be able to estimate your fundraising success.
Hope this helps and I encourage your feedback by leaving a comment below!
The good news is that everyone makes decisions in life that follow the same lack of true rational. It's not just PTA and PTO presidents, it's everyone - everyday.
We make decisions based on emotion and security and we base them on feel and trust, etc. So, what happens when a company that you trust let's you down and your school fundraising revenues fall?
Here is an example I just ran across involving a competitor who shall remain nameless other than to say they have a trusted name in the fundraising industry.
The school reports going from $12,000 raised last year to $8,000 raised this year. The thing is, they went from 50% profit to 40% profit margin from last year to this year.
Let's take a look at the numbers:
$12,000 @ 50% Profit Margin = $6,000 to School
$8,000 @ 40% Profit Margin = $3,200 to School
That's a 47% drop in revenue.
The point here is - specifics matter!
I get that we make decisions on relationships and trust and some other stuff but school fundraising is hard enough. It shouldn't be a shot in the dark and it shouldn't be a difference of 47% from one year to the next.
There were certainly hints that this fundraiser wasn't going to perform the same as it had in the past but I am not sure the school was unaware of them. Regardless, they didn't have a plan to make up the difference.
So, if you are the fundraising chair or PTA / PTO president deciding on your fundraisers, please don't be afraid to ask the tough questions. I know we're not really wired to do so but you owe it to your school to have a bit of predictability when it comes to your school fundraising.
A little tough questioning will equal fundraising consistency. Ask the tough questions!
• Historic number of items sold per student
• Historic student participation rates
• Average item price
You get these three numbers and you should be able to estimate your fundraising success.
Hope this helps and I encourage your feedback by leaving a comment below!
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