How to Select a Fundraising Company??
There are many circumstances when a non-profit organization needs to raise funds. Generally this is done for a noble cause. Whatever the reason may be, it is for sure that the task of raising funds is not a cup of coffee for everyone. This is why such organizations need to approach a fundraising company.
The select a good fundraising company is not very easy. Many things need to be considered while making this selection. Some important points are,
- Every fundraising project involves a product. You need to know the average sell-through rate of the company. Also, find out the average purchase made per family. The better these values, the better the company is.
-Ask for the percentage of sales that your group will receive. Enquire whether there is any additional fee like fuel surcharge, shipping cost etc.
-You should know how much time the sales representative will give to your company. These companies normally handle more than one client at the same time. In such a case there is a probability that they may not give full attention to your project.
-Sometimes it happens that some orders came after the expiration of the project also. Are they going to give you the same share of profit for these late orders?
-How the product is going to be distributed? The process of packing and delivery generally varies, depending mainly upon the location.
-What the company does if an item goes out of stock? Do they place a backorder for the item, or replace it with something else?
-How they handle the damaged good or unsatisfactory product? Are they going to impose the cost on your group, or replace it with their own cost?
Finally ask for three reference companies. If the company is a new one, then it can’t give you the proper answer.
Tags: Raising Funds