How to Raise Funds for a Project

Raising funds can be fun and effective.
Raising funds can be fun and effective. (Image: Jupiterimages/Creatas/Getty Images)

Fund raising is an important part of any large project. Even if you finance a project yourself, those funds had to come from somewhere. There are many ways to raise funds for a project. Some ways may be more effective or relevant, depending on the kind of project you are trying to raise funds for. Besides the immediate benefits, fund raising is a worthwhile and marketable skill.

Direct Solicitation

Put on your shoes and get ready to walk.

Visit people who are likely to support your venture first. These may be people with similar interests, or even friends and family.

Be polite when asking people for their support. Also, remember that you are not asking for their money for yourself; it is for your project.

Running an Event

Decide on the type of event you would like to host. Some people host walks, bake sales, garage sales or car washes.

Staff your event. People who are aligned to your cause or have a vested interest in your project succeeding can often be convinced to work for free or for very little (pizza and beer).

Run your event. Remember to be polite to your attendees. This is a good time to remind them that the purpose of your event is not to line your pockets. Reminding people that their money is serving a greater purpose usually inspires generosity.

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