What should you know about MLM Fundraising?
Well, I believe there are two aspects of network marketing fundraising you should know about.
For the purpose of this post, I will teach you more about how network marketing companies participate in fundraising.
I will also teach you how you can leverage your network marketing business to raise funds for a charity you are passionate about.
Let’s get started.
Just about every MLM Company in existence supports non-profit charities.
A few examples include:
• Mary Kay® supports the Mary Kay Foundation®
• Isagenix supports Childhelp®
• Nu Skin® supports the Force for Good Foundation®
I could go on and on, but my main point is that most MLM Companies donate a good amount of money to charities.
In many cases, they even started the charity.
Personally, I like that fact that most MLM Companies give back to these organizations.
Additionally, you can use your network marketing business to raise money for charities you are passionate about.
Here are several things you could do:
# 1 Donate the wholesale-retail difference from each retail sale to a charity of your choice
As you acquire retail customers for your network marketing business, you can keep track of your retail sales and donate the profit from each sale to a charity of your choice.
Most companies have a 20%-50% wholesale-retail markup, so on an average $100 customer order, you would have somewhere between $20 and $50 in retail profit that you could donate.
If you can find 20-30 loyal customers you could donate a significant amount of money each month to the charity of your choice.
I also think it’s a good idea to tell your customers what you are doing.
This could definitely help increase sales.
# 2 Donate a portion of your bonus check to a charity of your choice
When you get paid your bonus check each month you could donate the entire bonus check amount (or a portion of it) to a charity of your choice.
Start out by donating a percentage of your check, say 10%, and send it to the charity you want to.
As you start to make more money with your company, the amount you donate will increase drastically.
Over the period of a year this could add up to a large donation.
Other posts you may enjoy:
- Your MLM Bonus Check: 6 Things You Could Do with It
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- Top 10 Recession Proof Businesses to Start
- Top 50 Best MLM and Network Marketing Companies of All Time
- Acres of Diamonds Book Review and Top 10 Russell Conwell Quotes
# 3 Wear your company shirt at a charity race such as a 5k
You could run in a fundraising race and wear a shirt or outfit that has your MLM Company‘s logo on it.
You could get people to sponsor you and all of the money you collect would go toward a fundraiser that you choose.
This is good publicity for the company and for your business.
Just make sure you run the idea by your company’s legal department to make sure it is okay with them.
# 4 Sponsor a youth sports team as an independent distributor
You could find a youth sports team in your local community, either a baseball, soccer, football or basketball team (or any other sport) and sponsor that team.
For a good $1,000 to $2,000 you could sponsor a team and have a year’s worth of free advertising for your business.
Your company name and your name would be on all the jerseys and maybe even on a sign on the sports field.
This creates goodwill with the parents of the kids on the team, and with your community.
It also lets people know about what you are doing.
Once again, just run this by the company’s legal department to make sure it is okay.
# 5 Raffle for free products
Another great fundraising idea you could do is offer a raffle for free products.
Any amount of money above your cost for the products can be donated to the charity of your choice.
This is also a great way to get more leads for your business.
# 6 Do a contest with your team
Another great MLM Fundraising idea is to do a contest with your team.
See if you can find 10-20 or more people on your team who want to participate in a fundraising contest.
Maybe you could get everyone on your team to donate a percentage of their bonus check to a charity in a given month.
Or, you could do a raffle with members on your team.
Or, you could get people to donate their time.
# 7 Donate unused inventory
If you have some old inventory, or a few products in inventory that are hard to sell, you could donate those items to the charity of your choice.
Depending upon what type of products your company offers you’re bound to find at least one charity that can benefit from it.
These are a just a few MLM Fundraising Ideas I can think of.
You are only limited to your imagination.
In summary, MLM Fundraising is done by both MLM Companies and independent distributors.
You will quickly discover that most MLM Companies donate a portion of their proceeds to different charities.
They understand the importance of giving back and supporting their local community.
And you will also find that many distributors do the same thing.
Personally, I believe it’s a good idea to donate to charities, especially charities that are close to your heart.
What are your thoughts?
Do you have any MLM Fundraising Ideas that you would like to share with the rest of our community?
What have you done in the past that worked for you?
Leave a comment and let us know.
I look forward to hearing from you.