Raising money for your business is a time-consuming and daunting task. According to Alan Safahi, it is the most challenging task for entrepreneurs. In today’s article, we will give you some valuable and easy fundraising ideas for your business by Alan Safahi Orinda, an experienced entrepreneur and founder of a successful startup company in San Francisco. Read on!
Crowdfunding
Safahi says crowdfunding is an easy and quick way to raise funds with no up-front costs. Pitching your business through different online platforms is a practical marketing solution, allowing media to pay your business attention.
So, ask potential customers and people to fund your company. In return, offer discounts and exclusive support to your prospective customers. There are many platforms that you can use to get funds.
These include “Go Get Funding,” “Kickstarter,” and “Indiegogo.” Alan Safahi says these are excellent resources to start your crowdfunding campaign. Safahi’s research shows that Kickstarter is a perfect platform with over 22,000 projects and raised a total of $529 in recent years. Similarly, Indiegogo has achieved a goal of a 1,000% increase in funds raised for the last two years.
Ask for Local Help
If you want to launch and run a startup company, you can ask for some local help. Safahi recommends checking with your state, county, or municipal economic development organizations for funding your company.
According to Alan Safahi, Small Business Administration (SBA) offers startup development centers across the United States to connect business owners or entrepreneurs with investors. The SBA has made substantial efforts to help companies succeed and increase their economies.
So, you can contact these agencies to get loans, grants, and other financial resources, depending on your company’s location and the business type you want to start. So, it is an excellent way to raise funds for your startup.
Karaoke Night
In addition to asking for some local help and running your crowdfunding campaign, there are several other ways to raise funds. For example, you can create a karaoke night event. Most people won’t resist a fantastic karaoke night because they love getting behind the microphone and singing their favorite songs.
So, you can organize a karaoke competition for a fee within your company to raise funds. Not only is karaoke night easy to arrange and organize, but it also enables you to offer other things to the participants, such as food and drink, to generate extra funds.
Bowling Tournament
Alan Safahi says that fundraising events work when they are engaging and entertain people. Bowling is a fun and entertaining activity for most people and a sure-fire way to raise funds for your company.
It is crucial to ask people to donate money to your startup or company before signing up for the bowling tournament. You must also offer a prize for the tournament’s winner and runner-up to have an enthralling competition and engage the participants.
Corporate Dinner
Alan Safahi Orinda recommends organizing a corporate dinner to let members of the corporate world enjoy indoor or outdoor dining. Hosting a corporate dinner is an excellent way to generate funds for your business.
Make sure you ask the participants or attendees to pay the ticket price to enjoy the dinner. You can also initiate auctions and raffles at your corporate dinner to generate additional funds for your company. Some other fundraising ideas for for-profit businesses are:
● Sports day event
● Company concert
● Casino night
● Bake sale
● Arm wrestling competition
● Darts competition
Final Words
Alan Safahi advises entrepreneurs and business owners to focus on fundraising because, without it, not a single company can develop a business strategy and streamline its operations. Not only does an effective fundraising strategy reduce financial risks, but it also helps you generate additional funds for your company.
Originally Posted: https://vocal.media/journal/easy-fundraising-ideas-for-businesses
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