How does group size play a part in my fundraiser?
Whether you have 10 people/kids in your group or 100, the number of participants you have should be taken into consideration when planning a fundraiser. Divide your goal by the number of participants you will have in order to see approximately how much each person will have to sell in order to reach your goal. Keep in mind, not everyone in your group may participate unless it is mandatory and some people will sell a lot of items, while others will sell only a few.
Once you have your average sale number, take a look at how much profit you will make on a fundraiser. Items with a higher selling price will need fewer items sold per person in order to reach your goal. Timeframe can also play a part in your fundraising scheme. For advice on *how long to run your fundraiser see our other blog post. Be sure to allot some time, around or a little past half way in your timeframe, to bring all of your participants together and assess how everyone is doing. At this time it may be a good idea to redistribute items to those who are selling more of a particular item or have access to a larger selling audience.
If you’ve managed a fundraiser before, try to find out how many people participated in it last time, what your timeframe was, and how much profit you brought in. From that you’ll be able to gauge the average sale per person (take the profit and divide it by the number of people selling) and if you were able to make enough in that amount of time. If so then keep on keepin’ on! If not, simply adjust your figures by lengthening your timeframe or looking at fundraising options that bring in a bigger profit.
Large or small, your group can set an obtainable goal to reach within your timeframe. Since we have no minimum order on our fundraisers you can order a few cases just to get started and see how things go. Plus, most orders ship in 24 hours or less, so if you run out you can reorder and restock quickly.