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
Acting on behalf of charities as afundraising consultant can earn you as much as $100,000 per year, ofcourse providing you have the skills and abilities to raise funds forthe charities that your service represents.
The first step required forestablishing a fundraising service is to build alliances with local ornational charities to represent the charities as a fundraisingspecialist. The next step is to establish a fundraising program for thecharity, similar to a business plan. The plan or program should outlinehow the funds will be raised, as well as the fee you will charge foryour service. Typically, fundraising consultants charge a commissionfor services based on a percentage of the total amount of money raised,and the commission rate will range from 10 percent on amounts in excessof $100,000 to percentages as high as 50 percent for amounts under$1,000. As lucrative as the business sounds, remember the cost toestablish, advertise, and manage the fundraising program comes directlyfrom the fees charged for providing the service.