| By :
Mark Etinger
Raising money for a private organization or for personal needs can be difficult. It’s a lot like sales and market except this time you need to market yourself. The name of the game is 1 yes for every 9 nos. The most important part is confidence, but there are some other tips that can help you succeed. 1. You may want to write down your end goal. This can help you stay motivated, and keep you on a schedule in order to achieve it. Short term fundraising is different from continuing fundraising because the former necessitates that you go all out quickly , and the latter requires sustained collection, usually at a lesser rate. 2. Deciding how to implement your plan is next. If you’re starting a business, you will need investors who want to see a step by step plan. 3. A web page can help. Many people are more willing to donate if it’s easy. A link in an email is one of the ways you can generate a lot of money quickly, but it does take some time and know how to set up the site so that you can accept donations. If you want to make it easier, use a pre-existing site to help you: www.GoFundMe.com, www.ChipIn.com, or www.Kickstarter.com. 4. Stick with who you know. Family and friends will be most willing to lend you money, as long as you pay them back. Depending on how close you are, you may need to discuss interest rates, but almost all the time, they will be less than the bank’s. 5. Thank people for contributing, especially if you need sustained donations. 6. Maintain a positive attitude and a lot of confidence. People need to feel like they’re contributing to something that can make the world a better place, so you need to represent that in your demeanor and your spiel. 7. If you’re really tight on cash, think eBay. Selling old stuff is easy, and you may be surprised at how much you make. 8. Another way to get a quick cash infusion is by offering a deal. This only works if your company is already established, and you need some extra support. Offering existing customers 10-25% off their next purchase will incite them to buy. You can also offer them a pre-sale service in which they buy now for a discount and get the service later, if your company is still growing, or just starting out. 9. Save. Every time you get a check, take 10% and put it in the bank. That way, when you really need money, you can dip in and take some from your rainy day fund. With these tips, you should have a good idea of how to get started. Remember that when asking for money, it’s important to be couth. The last thing you want is to strain a relationship with a loved one by turning it into a business relationship that’s based on money. Good luck!
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