Youth Sports Fundraising Ideas
Youth Sports Fundraising Ideas.
Looking for some tips on improving your youth sports fundraising? Every youth sports league must fundraise to cover expenses and keep fees low. So, how do you raise more funds? Focus on these seven factors and you can easily double your results.
Product Selection
In youth sports fundraising, it’s so important to select the right products to sell. The right selection is one that has mass appeal, an above average price point, and good profit margins.
Don’t sell what’s always been sold every year. Consider choosing items that meet the criteria below.
Product Price Point
Your product offering should be at an attractive price point. This means it should be neither high nor low, but rather right in the comfort zone that encourages people to open their wallets.
If you’re selling a low-priced product, you are at a disadvantage because you aren’t maximizing your revenue from each prospect. In this situation, try bundling a small quantity together and ask for more dollars.
For example, if candy bars are being sold for $1 each, put together variety three-packs or a family ten-pack. Get your prospect thinking bigger numbers. Many of them will step up to the bundle.
Product Profitability
It’s important that your fundraising product has a high profit margin. Ideally, you’d like to make 80% or more if you can. This would be products like discount cards for two-for-one deals at fast food places.
Many standard items have a profit margin of 50% and that’s OK. It just means that you’ll have to pump up the volume to make the same net that you would with higher profit items.
If the product chosen is one with a lower profit range of say 40%, then it needs to either be a higher-priced item or it needs to be likely to inspire quantity orders from each prospect. For example, cookie dough is often in this range, but price points are $10 & up. Many families will buy two or three units.
Sales Script
Don’t send your sellers out unprepared. Part of youth sports is teaching and helping kids with their sales skills goes a long way toward building self confidence.
Here’s what to tell them:
1 – Make eye contact, smile and introduce yourself.
2 – Say one sentence about why you are raising funds.
3 – Say second sentence that asks for their help.
4 – Make sure that sentence includes the word “because”.
5 – Extend sample item, catalog, or order sheet.
6 – Suggest a personal favorite item or bundle.
7 – Always ask for the order.
Prospect, Prospect, Prospect
Now that your kids know what to say, they have to have prospects for their sales pitch. You can’t set sales records without having a large supply of prospective customers.
Have everyone make a list of their potential customers. Have them do it as a team exercise and make sure they write them down. It’s very important to do this and to have each seller commit publicly to doing their part
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