Nonprofit Revenue: How Affnetz Can Help Bring In More Dollars
Maintaining, and hopefully, increasing Nonprofit revenue ranks among the top concerns of not-for-profit organizations.
Nonprofit revenue comes from several sources:
Here are some factors to consider in the effort to increase revenues in the areas of donations, events and sponsorships. Donations Two strategies for increasing Nonprofit revenue from donations are to expand the donor base and increase the average giving amount per donor. Adding donors, like for-profit customer acquisition efforts, involves:
The greater the engagement of Donors, the more likely requests to increase average giving amounts will be accepted. In the effort to increase donations, two other Stakeholder groups merit consideration. Volunteers and the Board of Directors represent some of the Nonprofit’s strongest advocates. Not only do these Stakeholders tend to donate at above average levels, they also have the motivation and means to expand the Donor base through their own networks. Peer-to-Peer fundraising is an example of how organizations can tap into the energy and enthusiasm of these dedicated supporters to boost Nonprofit revenue. Events/Sponsors Nonprofit revenue also flows from events. Whether the event’s purpose is educational, social, or purely to raise money, the goal is to bring in dollars more than are spent to stage the event. To be successful (i.e. – make money), events need to be carefully planned and executed.
Nonprofit Revenue: Harnessing Affnetz to Increase Organizational Income
How can Affnetz help Nonprofits solve problems in generating revenue? By using the various modules of its fully integrated platform, Affnetz supports and improves the execution of the organization’s revenue-generating processes and increase Nonprofit revenue.