Ways of Increasing the Income of Your Organization

There are lots of ways of increasing the income of your organization. The principal ones among them are sponsorships, events, grants and peer-to-peer fundraising. If you have different sources of income, you can apply to other ones when one of them doesn’t work.

For example, when the amount or frequency of your donations decreases; you can get a recovery via employing other methods.

Sponsorships

Sponsorships allow to collaborating with reputable enterprises for getting some financial or in-kind aids. These sponsorships could be in the form of a long-term partnership or they could be in the frame of an event or campaign. By supporting you, these enterprises aim to increase their visibility and prestige in the market.

If you decide to use this method for increasing your income, the first step could be asking your board members to spread the word that you are looking for a sponsorship. Also, you can ask local enterprises related to your cause.

Events

Besides fundraising campaigns, events are the most efficient ways of increasing your income. Direct ticket sells or donations not only allow to increase your income but also give the opportunity to mobilize your community. You can also strengthen the bonds among your supporters.

Grants

Grants are financial aids provided by the State or some institutions for helping NGOs to execute their projects. Usually, they are special to a sector, a project or an accommodation and the application process might be long and complicated. That’s why it is important to choose the best grant programs and spend your time and energy for these ones.

Individual donations

Donations are one of the most important income resources for associations. They can be small or big and you can get them via different methods.

Online donation: While in the past, you had to deliver by hand or mail your donations; today, it’s enough to enter your bank account information and click. It is even more effortless with Raklet.

Regular donations: Transfering donation process to the online platforms has another benefit. Thanks to the recurring payment feature; it makes easy to donate. Monthly donations provide you the opportunity of extending your incomes all year round and see the future with a more sound insight.

Peer-to-peer fundraising: Using this method of fundraising can expand the limits of your audience. Your supporters can find the opportunity of making more than a modest contribution. In this way, they can define their own goals and engage their friends and family networks to reach them.

You can put in place different methods according to your capabilities and opportunities. For example; while getting some income from your ticket sells of your end-of-year event, you can find a sponsor which can finance the organization.

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Wild Apricot vs Raklet

Regardless of the nature of your organization, managing a community and trying to make this in a durable manner requires a well-designed membership management software. Providing one solution for all your needs, Raklet is one of the most assertive solutions in your search for a Wild Apricot Alternative.

Let’s look at the reasons one by one:

User friendly

While deciding among different programs in your search for a Wild Apricot alternative, one of the most important things to consider is how much they are easy to use. As a main distinctive feature of Raklet, its ultra user-friendly interface removes the need to have a specific knowledge.

An updated database for a more efficient communication

Raklet provides a dynamic database updated by your members. Each of your contacts can review and update his/her personal information. You can send bulk or individual as well as standard or customized emails and text messages to your members via their most up-to-date contact information.

Manage your contacts via tags or lists

For an efficient communication, it’s crucial that your sendings interest your recipients. With the opportunity to categorize your contacts by tags or lists, you can personalize your recipients even more.

The easiest way to increase your organisation’s revenues: Pay with One Click!

With Raklet, you can automate the payment  process and manage to collect membership fees/donations as easy as possible both for you and for your members. Divide your time and energy for more creative projects while increasing the organization revenues!

Create, promote, and host successful events

Raklet’s well-designed event management module allows you to create private/public events and to collect the payments online. You can manage your attendee list, send email invitations, reminders, text messages and let your guests spread the word with the built-in social sharing tools.

And the private social network…

In your search for a Wild Apricot alternative, you will see that one of the most distinctive features of Raklet is the social network that it provides for your members. Strengthening the bonds between your members and creating business opportunities with connections is not difficult at all. That can be the key to the success of your organization.