3 Best Ways To Raise Money

By Robert Hirscheimer

The best way to build awareness and offer aid to those which your ministry is supporting is to have a fundraising event. By having an event, whether it be a sports tournament, talent show, or marathon, you can achieve your goal of raising a lot of money for a particular cause. Here are some of the best ways to raise money:

1. Encourage event participation and fundraising

You can save a lot of time and money by having event participant register for the event and pay registration fee online, using their credit card. This makes it much easier from an organizational point of view and more convenient for the participants. Event participants can sign up and fundraise alone or in teams and can have a personal and team fundraising page that incorporate text, photos or videos to express why they are raising money. Being able to accept donation online, directly from personal and team fundraising pages, makes giving and receiving funds simple. You can have a thermometer to show how close the individual or team is to reaching their fundraising goal. You can also have a leader board demonstrating the top teams and individual fundraiser.

All of this can be made possible by creating a website for your ministry with integrated e-commerce and fundraising features to raise money and accept donations online. From your ministry website participants can sign up and pay registration fee online, express why they are participating and raising money for the cause, and raise funds online.

2. Obtain sponsorships

Obtaining sponsorships is an excellent way to save money and cut costs. Sponsor do not necessarily need to be related to the event, although you should start by reaching out to those who an attachment to the cause. You can get people or companies to sponsor the food, apparel or prizes at your event. The name of sponsors can be displayed throughout the event, on signage or tickets, so that they are recognized for their contributions.

3. Hold an auction

Another way to raise even more money at your event is to have an auction. You can have a physical or an online auction. Actions do not take long to set up, however you need to be able to get items donated. All money received from those who purchased the auctioned items will go towards supporting the cause. Online auctions have been proven to be more successful as it is more convenient to learn, bid and pay for items online using a credit card.


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