Last updated on December 10th, 2018 at 05:33 am
A fundraising event is a popular way to raise money for an initiative. While they can be very rewarding, you also have to consider that organizing such events can be expensive and will require much hard work.
Establish the Event’s Purpose
Usually, besides raising money for an initiative, a fundraising event has a secondary objective it must achieve. Before going on to organize the event, you must establish what you are ultimately trying to accomplish through it.
Maybe you are looking to raise awareness, to gain publicity or to network. Whatever the reason might be, you want your objective to be clear from the get-go.
After that has been settled, then you can figure out how to proceed next.
Set Your Fundraising Goal
It would be best if you established what monetary threshold you are looking to achieve. There a few variables to consider when you’re deciding what amount of money you want to raise at your fundraising event.
This depends on what is the objective of your initiative, what will the money be used for or what their intended purpose is. Once you have established that, you can proceed to come up with ways on how you will raise that amount of money.
There are numerous ways to approach this aspect. You can maybe have an entrance fee, or you will rely entirely on donations.
Consider Your Budget
It would be best if you did a listing of all the expenses required for the event. Knowing the budget is essential to give you a sense of the event’s possibilities and how it will pan out.
Your budget plan should include the expenses of the following:
- rent for the venue
- catering for the event
- the utilities
Remember always to have some extra money for situations which might lead to unforeseen costs.
It’s imperative, when you’re budgeting, taking your fundraising goal into account – you wouldn’t want to end up spending more than you are looking to raise.
Promote Your Fundraising Event
Think of your event as something similar to a new product. Once you’re ready to put it out, you need to market it to ensure its success heavily.
It would be best if you convinced your audience that this event is worth spending their time and money on.
There is no cookie-cutter way on how to successfully market your event, but that is the beauty of it since you can get creative with this process.
Some methods of spreading the word about your event are invitations, flyers, posters, contacting the media, publicity campaigns or word of mouth.
Offer An Amazing Experience
You want your event to be special and to offer your audience a meaningful experience. That is why you should consider entertainment as the main attraction.
You will quickly see the benefits of entertainment in how people will perceive your event.
If you are considering this option, then do not hesitate to call us at (615) 283-0039 and you can be sure that you are getting the best entertainment out there.