As a nonprofit you need to find new and exciting ways to raise funds for your organization. Some of the many ways are auctions, dinners, and golf tournaments. In this article, I'm going to show you how and why raffles are considered to be the fastest and most profitable forms of fundraising for your nonprofit organization.
Raffles are simply the quickest, fastest, and most profitable fundraising method around. Organizations of all sizes can benefit from a raffle fundraiser because the size of the raffle can be easily controlled by the organizers.
The cost involved in the organization of a raffle is low, and the profit margin is affected by the number of tickets sold, the cost of the prizes, and the marketing and administrative costs.
Raffles are also an excellent way to draw attention to your organization. More people will learn about your organization and tell others about the raffle tickets they purchased in support of your organization.
The more the community learns about your organization, the more likely they will be to contribute funds in support of your organization in the future. Raffles not only generate money for your organization, but also help spread community awareness.
The one problem that many organizations have is, "How do I get started?" I will give you the steps to take to setup your raffle:
Step 1: Contact your State Attorney General's office.
Step 2: Ask the registration details for conducting a raffle.
Step 3: Organize your raffle with your volunteers and other people associated with your organization.
Step 4: Get your raffle prizes donated to your organization.
Step 5: Market your raffle locally or on the internet.
Since every state and county have their own set of rules and regulations it is just a matter of contacting your State Attorney General's office to get more information about registering your raffle.
You want to ask the correct questions so you will not get into trouble with the goevernment regarding your raffle fundraiser.
Are raffles legal in your state? Can your organization conduct a raffle? What is the prize amount limit for a raffle? And many other questions to ask as well.
So if you are a nonprofit looking to raise funds faster and quicker than ever, raffles are the number one way to get going fast.
No comments:
Post a Comment