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Welcome to Vantage Business Support & Insurance Services
VANTAGE has been servicing the nonprofit industry for over 35 years. Over the years we have accumulated much knowledge, contacts and experience in helping to establish nonprofits and help them grow. As such, we will be publishing a semimonthly newsletter geared toward providing nonprofits with the latest news, products, and guidelines to assist in their success and growth. Please feel free to comment and/or request topics that are important to you for us to research.
Thank you for being a part of the VANTAGE family.
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Please view our products list in the right sidebar.
This is just a sampling of what we feel would be important to you. We have much more to offer. If you have any questions or need more information please contact us at 877-886-8277 or click the link below.
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Making Fundraising Events Pay and Pay and Pay ...
 A dependable revenue stream that grows - ah, paradise!
Have a fundraising challenge you want to crack? Weary of doing the same old, same old yet hoping for different outcomes? Do you want the over-the-top results that come from superior strategy?
Email me with your particular problem, and I'll arrange a quick consultation offering you a practical solution you can implement. I may even use your situation to share with my readers. Names are changed, of course!
I spoke with Elizabeth recently, who was very forthright about her need. How do you make events "pay"?
Liz is the executive director of a youth charity in the Southwest. She has an events coordinator that works with her. Outside of a low-key annual appeal, events have been the fundraising mainstay of Liz's organization for as long as anyone can remember.
Over the years, she and her team have learned what "works" and what doesn't. They've had their ups and downs. Strong volunteers, weak ones. Good economic times and the not-so-good.
When Liz asked me what made these gatherings "pay," I was curious what she meant. Yes, the immediate money raised is important. They seem to have arrived at a steady level where that is concerned. Growth in dollars raised wasn't where Liz's eye was focused, however.
Liz wanted to know how you turn participation in a fundraising event into a lasting donor relationship built upon common goals. How do you take responders and turn them into investors?
My answer? It ain't easy. It can be done, however.
How do you start?
All of you event veterans already know what you're up against. Rational arguments such as high cost, low return and non-scalable cut no ice with those who are emotionally committed to event euphoria and "the way we've always done it."
Sure, you can do away with the event altogether and replace it with a direct solicitation program that "makes sense." Try that and you'll probably be looking for another job.
My recommendation to Liz was to take a series of half steps.
Keep the event.
Eliminate the most distracting parts such as the mediocre silent auction. Beef up the mission-based portions such as a heartfelt presentation of a success story and having real-life beneficiaries present and mingling with the guests.
Take the live auction piece and make it an "reverse auction." You may already know what this is.
It's simple. Instead of having premiums that are auctioned under the premise of the buyer getting something for less, make the auction a direct giving competition. To raise $10K, for example, have the auctioneer start the "bidding" for someone to make a direct gift of $2K to the cause.
Go down the gift chart (prepared in advance) from there. The key to success here - especially if this is the first time you've done it - is to have a "straight man" in your audience. This is someone who can make the top gift and has been prepared in advance to make it when the call is made.
In a single stroke you turn an exercise in bargain shopping into a celebration of a worthy cause and a competition to support it.
Such an approach raises sights and places the focus on the mission and away from the stuff.
Once your reverse auction becomes part of your culture, you'll see many, many more responders - those who show up for the party - becoming investors to your cause.
If you want money that grows and lasts, you must think ROI - return on investment. Cutting costs to drive up immediate cash is fine. It's the return over the long term that you're looking for, however.
The last time I gave this advice, the organization beat its 25-year top goal by more than sixfold, and it didn't have to sell a thing!
Liz is off and running to organize her first reverse auction, which happens at her signature event in a month or so.
She'll have some naysayers but will knock 'em dead if she follows through. I'm looking forward to hearing back.
I extend my heartfelt thanks to Liz for reaching out.
Success is waiting. Go out and achieve it.
SOURCE: Larry C Johnson
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DISCLAIMER OF LIABILITY
Our firm provides the information in this e-newsletter for general guidance only, and does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation. Tax articles in this e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided "as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose.
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Vantage Business Support & Insurance Services
4096 Piedmont Ave # 616/ Oakland / CA / 94611
28346 Alava / Mission Viejo / CA / 92692
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$25
Gift Card
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As a special member of the Vantage family, if you refer us to any of your friends, family, or business associates and they purchase any of our products we will send you a
$25 GIFT CARD to the retail establishment of your choice. Just let us know who you referred us to or have them inform us that you referred us.
| Offer Expires: NEVER
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