Business Idea Center - Fundraising Consultant
Business At A Glance
Startup Costs: $50,000 - $100,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Franchises Available? No
Online Operation? No
Business OverviewActing on behalf of charities as a fundraising consultant can earn you as much as $100,000 per year, of course providing you have the skills and abilities to raise funds for the charities that your service represents. The first step required for establishing a fundraising service is to build alliances with local or national charities to represent the charities as a fundraising specialist. The next step is to establish a fundraising program for the charity, similar to a business plan. The plan or program should outline how the funds will be raised, as well as the fee you will charge for your service. Typically, fundraising consultants charge a commission for services based on a percentage of the total amount of money raised, and the commission rate will range from 10 percent on amounts in excess of $100,000 to percentages as high as 50 percent for amounts under $1,000. As lucrative as the business sounds, remember the cost to establish, advertise, and manage the fundraising program comes directly from the fees charged for providing the service.
Related Business IdeasEquities Day Trader
Expense Reduction Analyst
Stock Day Trader
Venture Capital Broker
Online Venture Capital Forum