Fundraising activity can be a sweet experience in terms of its outcome particularly when carried out functionally. However, we shouldn’t dispute the existence of the limitations that are associated with carrying out one.
Below are some of the very top limitations to fundraising practices.
[You can overcome all of these limitations with the help of fundraising consulting companies]
- Fundraising can require a lot of selling
The task of selling products can be daunting especially if no one has a sales background. The extra effort of door-door selling would as well be required to effectively raise money. Also, for crowd fundraising, lots of texts and emails would have to be made.
- The highest donations go to the most unique stories
One limitation to fundraising practices is that people tend to donate more for medical challenges and those having tragic stories. And some other needs seem less important to the public. Therefore, raising funds at all levels might be difficult to work out.
- Many fundraising efforts create unnecessary purchases
Many fundraising efforts include raising funds for things that are basic needs. For example, imagine soliciting donations for someone to pay their bills probably from another household that still struggles with their bills.
- Most fundraising efforts require many volunteers
Where it may be necessary to know the number of volunteers needed before planning the type of fundraiser that will be used, a lot of effort and commitment is needed to effectively have volunteers participate In fundraising.
- Sales might be limited based on payment preferences.
There is a lot of people who might still be finding it difficult to use digit platforms like Paypal or Bitcoin, and probably they are comfortable only with credit cards. And vice cereal. Hence, if you only have a provision for online payment, a household that would only be comfortable with cash would have a problem with making payments.
Setting up a project plan and proposal requires e lot of effort and commitment such that coming up with a viable proposal at the end might seem unrealistic. And many proposals of the past might have not been approved; all these negativities constitute to increasing the chances of discouragement.
- Fear of Rejection
Another factor that constitutes a restriction to successful fundraising is the fear of the proposal’s rejection on the side of the fundraiser. The news that even professional fundraisers suffer rejection is enough to cause fear.
Setting deadlines for the NGOs while presenting your proposal to them, though, is a viable move. However, NGOs do not like deadlines, probably, because of their tight schedule of several meetings and the likes. Therefore, fundraisers tend to miss donations because of this.
- Ideas to Words
While preparing proposals or email texts for prospective donors, writing concise content that would meet the emotional demand of each donor can be a daunting task. Hence, written content that would persuade donors into action requires professionalism in writing. And this is considered a rigorous task if there’s no professional available.
Nonetheless, we can say that the disadvantages of fundraising practices are not lethal enough to discourage a serious-minded fundraiser. Especially, when you have a great team on your side.