Schools sometimes seek to initiate new programs but lack the money to support such initiatives. This means that the amount paid by students for school fees is not sufficient to meet the need of the institution. Yet there is no room for adding fees paid by students by a substantial amount. Fundraising activities are becoming popular in many schools as a means of meeting the extra school expenses. The following are some of the fundraising ideas that schools can use to raise a high amount of money.
The first method is school investing in a relatively small retail business venture. For example having art and design class make painting that school sells or charges people to see in a school exhibition. 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. Therefore many people will be willing to promote the school fundraising by buying products being sold by the school. 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.
School fundraising also be done through the involvement of the nearby business community. Companies understand the importance of innovation, therefore, are willing to sponsor new school programs. 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. One of the core values of many companies is social responsibility; thus schools should be aware that the business is also seeking a strategic partner to help them achieve their core values.
Fund for new school programs can also be raised by starting selling tickets to a game which participants stand to win big prizes. The objective is to sell as many tickets as possible by making the winning very lucrative to the target market. Everyone likes to win, and therefore the school will find a large group of people who will not give money to the school directly but are willing to participate in the competition.
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. Having a creative fundraising idea can help even exceed the targeted amount.