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Share your fundraising ideas in TheBuzz - our blog.
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Ideas for Success - Break even Point it's Time for Math! If you are going to do ANY sort of pre-order fundraiser you MUST know what your break even point is.. it's more important than profit because if your fundraiser falls flat on it's head you don't want to lose money.
Break even point is where you earn enough money to pay off your inventory. Lets say you are interested in doing a candy sale fundraiser. To make it easy - let's say the candy cost you $50 cents a bar and you sell it at $1.00 a bar. If you buy four bars to sell you start making money on candy when you sell bar #3. For example: Four bars would cost you $2.00 (.50cents each) - if you sell one you've taken in $1.00, if you sell two you've taken in $2.00 (that's your break even point because you can pay off your bill) if you sell three candy bars you've taken in $3.00, if you sell all four then you've taken in $4.00. If we take $4.00 less your initial cost of $2.00 - your profit is $2.00! So in our candy example, if you buy 10 cases to sell - you have to sell 5 cases to break even! Again, you have to know what your break even point is to evaluate whether or not it's a good fundraiser for your group!
If you have questions, please feel free to contact us at buzz@ultimate-function.com.
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Whether you're the mom, coach, teacher or kid looking for a fundraiser - and whether it's your troop, choir, team or community activity - welcome! I'm sure something on this website will make you think... "We can do that!" - PS: Make sure to come back and let us know if you used a tip or hint on this site to improve your fundraiser! Add it to our blog so other people can learn, too! Thanks for visiting & tell your friends! |
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