To mark up your candy, multiply each bar by 1.5 for a 50% margin and 1.6 for a 60% margin.You bought the bars from the candy company for $1 each ($10/10 bars= $1 per bar) Ex: the box of candy bars cost $10 and there are 10 bars per box. Divide the price that you’ll pay for the box by how many candy bars are in each box. The calculation is pretty simple to do! Follow these steps: That way they’ll be able to keep their candy loads as light as possible while getting all the bars sold. Also, and for the sake of your candy sellers, try to keep your per bar price rounded to the nearest dollar. A good profit margin to start with is 50%-60% of the price that you paid for the candy bars, meaning you add a 50%-60% mark up to each bar before selling them to your patrons. Once you’ve found a few companies with pricing that you like, calculate the price that you’ll have to charge for each bar. Either way, the choice is yours! Step Four: Calculate Your Price Feel free to create a hybrid version of these two options, where you have a booth AND mobile candy sellers or just the booth in a high traffic area plus a group of candy funnels, who will let passersby know about the booth and point them in the right direction. However, if you have a booth, your patrons will know exactly where to find you and your candy sellers won’t have to lug any candy bars or money around with them from place to place. Step Three: Decide To Be Stationary Or Mobileīoth of these options have their costs and benefits: if your candy sellers are mobile, they’ll be able to go out and find as many patrons as they can while a stationary booth is confined to those that find you. Hopefully you’ll be able to utilize your club members as your volunteer candy sellers but if you can’t, you can ask other volunteers to help out. Once you decide on a candy bar company, encourage the students who will be selling the candy to become familiar with the ingredients so all of your volunteers will be able to answer questions about your bars if anyone asks. Notice the ones that will charge you less per box the more boxes you order and who has free/decreased shipping for larger orders. Make sure to compare the candy companies before deciding on any one in particular. If candy bars aren’t your food of choice you can check out our other food fundraising ideas. FutureFund will walk you through it step by step. You’ll also find a little math in this guide but don’t panic. Please keep in mind that this is a guide that can be applied towards any candy fundraiser, not just candy bars so feel free to adjust as you see fit. The main expense for this event is the cost of the candy bars so if you can keep the price to purchase them from the company as low as possible, you’ll be setting your club up for the best fundraising event possible. The main way to hit your fundraising goal is to keep your expenses low going into your event. 100% of all funds raised go directly to your school! See how FutureFund works or book a demo to see how it can work for you. PTAs, PTOs, and volunteers across the country power their fundraising campaigns with FutureFund.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |