Most parents dread fundraisers because they picture their kids lugging around giant bags of gift wrap, trying to sell melting chocolate bars on a hot day, or tackling the arduous task of taking and fulfill orders for a wide range of products from a catalog. These types of fundraisers are a huge hassle for everyone, and the profit margins often don’t compensate for all the effort involved. That’s why you should opt for a car magnet fundraiser next time your school, sports team, church, or other organization needs to raise money.
Car magnets are something that everybody who owns a car can use, giving you a broad audience for the fundraiser. Even people who aren’t part of your organization may be interested in purchasing one of your magnets to support you. In addition, keep in mind that magnets are much more appealing than bumper stickers because they are completely removable without leaving any residue on the vehicle. Plus, because they’re seen as a higher-quality product than bumper stickers, you can sell them at a higher price point and make more money. Go through several steps to organize and carry out your car magnet fundraiser.
Brainstorm a Design to Feature on the Magnet:
This may be an easy step, if your organization already has a distinct logo that features its name and will look great on a car. If not, though, you need to consider what type of image and what wording you want the magnet to have. Readability is key, so it’s usually best to minimize the amount of text on the magnet so drivers passing by can read it at a glance.
Create the Magnet Design Online or Upload a Custom Design:
When you are ready to order your magnets from LogoMagnet.com, you can either search the design gallery for one of many stock designs or upload your custom design. If you use the design gallery, customize your chosen design with the text of your choice and the colors that match your organization.
Choose How Many Magnets to Order:
Purchasing the right number of magnets is critical for the success of your fundraiser. Each magnet requires a small investment of funds, but each magnet also increases your potential for profits. In addition, you get discounts for ordering larger quantities of magnets. For example, an order of 150 magnets is $3.50 each, plus 11 cents each for shipping, whereas an order of 800 magnets is only $1.95 each, plus 8 cents each for shipping. When deciding how many to order, count the number of people who you know will be interested in purchasing the magnets, like the number of parents at the school. Then add the number of magnets you would like each fundraiser to sell to outside individuals to arrive at your total count.
Set a Sale Price for Your Car Magnets:
You have the freedom to set whatever price you want for your custom car magnets, which means that the potential profit is all up to you. If you’re ordering 1,000 magnets, the difference between selling them for $5 each or $7 each is a potential $2,000 for your organization. If you’re raising funds for a particular financial need, one way to set the sale price is to divide the amount of money you need by the number of magnets you think you will be able to sell. For example, if you need to raise $5,000 for a special project and think you can sell 1,200 magnets, you need a profit of $4.16 each to meet your goal. Then just add the cost of the magnet itself to arrive at your sale price.
Distribute Car Magnets to Fundraisers to Sell:
Once your magnets are printed and ready to go, you need to pass them along to the individuals who will be selling them. You may want to give everybody the same number of magnets, to encourage equal participation, or you may want to let each participant select the number of magnets he thinks he can sell. Carefully track how many magnets each individual gets so you know how much money should be coming back to you.
Collect Money and Remaining Magnets:
Your last step is to collect the money raised from selling the custom car magnets. Record this alongside the number of magnets each participant was given to ensure that no magnets or money are missing. You can also give participants the chance to return magnets they couldn’t sell, which you can pass along to other individuals who sold all of theirs and think they can sell more. Even if you don’t end up selling your magnets during your fundraising push, you can keep them to sell at your organization’s events later in the year.
The whole process of designing and ordering car magnets for your organization’s fundraiser can be completed in as little as 10 minutes, particularly if you already know exactly what you want to order. Then it’s as easy as distributing the magnets to your fundraising team and setting them loose to raise money for your organization. You will have very little work to do, and you’ll probably find that your organization can easily meet your fundraising goals with car magnets that are easy to sell.
