FAQ – PROFIT ANSWERS
How can we maximize our profit?
There are many factors that contribute to a successful fundraiser. A well planned fundraiser is at the root of all success stories. Choosing the proper program and having enough time to sell your tickets are the first things to consider. Increasing ticket sales by advertising your fundraiser throughout the community, and make sure to take time to explain the program to your ticket sellers. Consider implementing an incentive program to motivate your sellers.
How do we calculate our profit?
The example below demonstrates how an organization’s profit is calculated. You will need to substitute your programs details (ticket sales, profit percentage, printing fee, etc.)
| 1. Calculate Gross Sales | ||
| Discount Cards sold |
1,000
|
|
| Card value |
x
|
$ 10
|
| Gross Sales |
=
|
$10,000
|
| 2. Calculate Net Sales | ||
| Gross Sales |
$10,000
|
|
| Prizes |
-
|
$ 1,000
|
| Net Sales |
=
|
$ 9,000
|
| 3. Calculate Profit Subtotal | ||
| Net Sales |
$ 9,000
|
|
| Profit % |
x
|
65%
|
| Profit Subtotal |
=
|
$ 5,850
|
| 4. Calculate Total Profit | ||
| Profit Subtotal |
$ 5,850
|
|
| Printing Fee |
-
|
$ 290
|
| Total |
=
|
$ 5,560
|
