Competition Fundraising
Raising funds, the old-fashioned way may not always be easy or fun. There is another way to achieve the same or yet more amount of funds while also adding the fun element. That way is to ask the donors to become part of a competition to raise more money.
So Why Hold Contests or Competitions?
Competitions are more encouraging in nature unlike any other type of fundraising. They are easier for people to relate to and some people just get interested in them because they are more than just raising money. One of the reasons for the popularity of competition fundraisers is that they instill a sense of contesting against each other. This kind of behavior is particularly more common and enticing in peer to peer fundraising.
Starting a Competition Fundraising
It is important that you understand the basics of starting a successful competition fundraising campaign.
Why a lot of fundraising experts prefer competitions?
It is because people love to become part of a competition and that participation increases further when they are taking part in groups. The urge to do better comes naturally to us as human beings. That is the reason why a lot of fundraisers use contests to raise funds.
Some Great Ideas to Work on for Competition Fundraisers
There can be so many ways that you can ask your contest participants to become part of the fundraising effort. Here are some of the examples to give you an idea. Remember that you can always come up with your own ideas to increase that sense of competition among the competitors.
Let us look at some of these examples.
Some Success Tips for Competition Fundraisers
Here are some tips on the spending on the prizes!
It is easy to get carried away by the thought of spending too much money on the contest. However, you must also realize that it needs to be a balanced amount. You don’t want to end up spending too much amount on a contest which would upset your entire budget or start impacting the overall cause.
Finding sponsors is not just a great idea but can become the difference between making the effort successful or getting no interest at all. For example, you can ask your local restaurant to sponsor a dinner for two. They may agree to add their logo to the merchandise. Some contest organizers give away more expensive items like iPhones and iPods.
Here are some tips on selecting the prize.
Why Go for Competition Fundraisers?
The basic idea is to promote group mentality. Instead of trying to organize the event between different individuals, you need to consider adding various groups with several people in each one of them. The addition of groups increases your campaign potential to a whole new level, helping you gain organic growth and more interest among the participants.
One typical example is that of the competitions that are held in schools and colleges. When students participate in teams, they are more charged and motivated to do their best.
Why Use Adam Welfare for Competition Fundraising?
Here are of the reasons why a lot of fundraisers use Adam Welfare for competition fundraising.
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