The problem with most fund raising drives or campaigns is that once the fund raiser is over, that’s it. The money stops coming in. Wouldn’t it be nice if you had a way to continue to make money after the campaign were concluded?
The answer lies in two phrases, “residual income,” and “continuous stream of donations.”
“Residual income,” means that money just keeps coming in. One of the best known examples of residual income can be seen by examining the commission plans for many life insurance agents. Many agents get paid over a period of ten or twenty years when they sell a life insurance policy, as long as the life insurance policy remains in force. It’s common for an agent to make a 5% residual on a whole life sale for many years. Another example of residual income is royalties. Authors of books that sell many copies for years (backlists) enjoy an income that builds with each successful book that they write.
“Continuous stream of income,” means that there’s a way to keep making money with minimal effort. Unlike residual income, you’ll probably have to do something to keep this flowing, but the effort put in to maintaining an continuous stream of income is much less than the effort that’s required to start a new fund raiser.
It’s possible to create both using a model like this one:
1. Fund raise with a physical book that offers more than a standard book. As an example, you might have a book with annual physical or e-book updates, or a subscription to website. When orders come in for the updates or sequel, you’ll make money, even though your marketing efforts may have ceased a long time ago.
2. Customize the back cover of the book that you are using for fund raising. Describe your organization and its goals. Provide an address for making contributions.
3. Create a website that accepts orders for your books, and which also accepts donations. While setting up a website used to be a hard thing to do, it’s become relatively simple because there are a wide variety of web site generators that will let you set up a two to ten page website for free, and they look nice. Or, you can make an arrangement with a web designer to create and maintain a website for you. If you don’t have a lot of resources, try visiting a college campus and placing an ad up on a billboard. Or call, a junior college’s placement office and see if they can recommend students for the job.
4. Create an autoresponder that thanks someone for their purchase, and also sends them updated information from time-to-time. The updated information should be just that: information that the person is interested in reading. Every fourth or fifth time, it’s okay to ask for a donation, but do not over do it or people will lose interest in reading your updates.
If these concepts interest you, here’s a a solution that may fit your needs.







