Fundraising is a must for businesses that want to help their mission, however, the process of determining a sustainable and effective method can be difficult. One method that has been proven to work and is not just a means of raising funds, but also helps patrons is the use of discount cards for fundraising. They can be an opportunity to both benefit your organization and generate revenues while your customers save on local businesses.
Fundraising Discount Cards
How Fundraising Discount Cards Can Boost Your Organization's Revenue
What Are Fundraising Discount Cards?
The Fundraising discount cards are cards with the size of a wallet that offer discounts or special promotions in local establishments. Businesses partner with restaurants retail stores, as well as service providers to provide exclusive discounts for cardholders. These cards are sold at a fixed cost, with the business holding a substantial part of the profits.
Why Are They Effective?
In contrast to traditional fundraising events that depend on donations that are only once made Discount cards offer benefits to both buyers as well as the businesses that are partnering with them. These cards are specifically designed for building your brand’s presence globally:
- High Profit Margins
Discount cards for fundraising have minimal production costs, usually between $1 and $3 per card, and they are sold for between $10 and $20. The result is that businesses could get 70-90% of profit per card which makes it a highly profitable tool for fundraising.
- Easy to Sell
People are awed by savings with a discount card, and it offers immediate advantages. The supporters are more likely to buy the discount card when they realize they will save money on purchases that are commonplace like eating out, shopping or entertainment. In contrast to fundraising items like the gift wrapping or cookie dough, discount cards can provide longer-term savings, increasing their value.
- Strengthens Community Connections
Through working with local businesses, your business can build the feeling of community involvement. Businesses profit from a rise in pedestrian traffic, and your patrons are granted access to exclusive discounts. It might be effective move for your business as it can establish happy relationship with your targeted clients.
How to Launch a Successful Discount Card Fundraiser
- Partnership with Local Businesses: Choose well-known and popular businesses to make the card appealing.
- Set a Price Competitive: Balance affordability for customers while also ensuring high profits.
- Effectively Market: Promote through social media, email campaigns or community gatherings.
- Promote Group Sales: Engage team members students, volunteers, or team members engaged to maximise impact.
Lastly,discount cards for fundraising are a low-cost, high-profit and a community-driven way to raise money. If you manage an athletic team, school or non-profit this strategy will allow you to meet your financial goals and provide benefits to your supporters. Begin your campaign now and see your income rise!