Wednesday, December 31, 2003
Krispy Kreme:
The thing with "investing" money in cards is that there still is a chance of losing money. We buy them before we sell. We can still get stuck with them, just as with donuts. I think more chance than with actual donuts. Its like the Storm Cards, the school bought a lot, and now when they aren't selling, they are stuck with them. And with cards, and not many Krispy Kremes close by, they may not sell.
Whereas selling actual donuts, its there, its fresh, and I think we can get more people to buy. One idea on the site was to pre-order. Once we have a plan, we can ask friends if they would be willing to buy a dozen donuts or something. But we should start that only w/ a plan.
The cards are bought by us for I think $5 each, and sold at $10 each. I'll have to double check as to how many you have to buy minimum.
Points:
Actually, I wasn't going to make a points chart because we still need to figure out how we are going to weight everything, and what we will do about people who wish to pay for themselves. But a rough-draft would be great, we can see what everyone thinks and how they like the weighting system you've used.
I'm working on the old accounts, just to see how much money we've spent, to update accounts, and to see how much money exists and doesn't. Also, for your rough-draft accounts, we have to somehow include how much money each person has used from the club. That's what I'm working on, a lot of the accounts don't include spent money for tourneys, etc. Also, making sure the Business Office accounts match up correctly, so we can see how much we are in debt, which, with the projected spending for this year, will help us decide how much money we will need, and how to weight the Points chart.
So anyways,
Hope everyone had a Merry Christmas/Happy Holidays and a Happy New Year,
-Pav
The thing with "investing" money in cards is that there still is a chance of losing money. We buy them before we sell. We can still get stuck with them, just as with donuts. I think more chance than with actual donuts. Its like the Storm Cards, the school bought a lot, and now when they aren't selling, they are stuck with them. And with cards, and not many Krispy Kremes close by, they may not sell.
Whereas selling actual donuts, its there, its fresh, and I think we can get more people to buy. One idea on the site was to pre-order. Once we have a plan, we can ask friends if they would be willing to buy a dozen donuts or something. But we should start that only w/ a plan.
The cards are bought by us for I think $5 each, and sold at $10 each. I'll have to double check as to how many you have to buy minimum.
Points:
Actually, I wasn't going to make a points chart because we still need to figure out how we are going to weight everything, and what we will do about people who wish to pay for themselves. But a rough-draft would be great, we can see what everyone thinks and how they like the weighting system you've used.
I'm working on the old accounts, just to see how much money we've spent, to update accounts, and to see how much money exists and doesn't. Also, for your rough-draft accounts, we have to somehow include how much money each person has used from the club. That's what I'm working on, a lot of the accounts don't include spent money for tourneys, etc. Also, making sure the Business Office accounts match up correctly, so we can see how much we are in debt, which, with the projected spending for this year, will help us decide how much money we will need, and how to weight the Points chart.
So anyways,
Hope everyone had a Merry Christmas/Happy Holidays and a Happy New Year,
-Pav
Tuesday, December 16, 2003
KRISPY KREME INFO: 3 OPTIONS:
Traditional Doughnut Sales
We offer our doughnuts to non-profit groups at a reduced price, which are then resold for full retail price, or slightly higher. Pre-selling doughnuts to family, friends and neighbors or selling doughnuts at high-traffic areas such as shopping center or community festival can generate significant funds.
Check with your local Krispy Kreme store regarding ordering details.
**I think this may be a good idea, esp. with the reduced price for non-profit groups**
Certificates
Certificates are an alternative to selling actual doughnuts. Your customers redeem each certificate for one dozen Original Glazed doughnuts at any participating Krispy Kreme retail shop. Just as delicious and customers can pick up their doughnuts right when that Krispy Kreme craving hits 'em!
Presell certificates to neighbors and friends, sell them door-to-door, or a little of both. Call your local store regarding ordering details.
**maybe not, we'll get more actually selling donuts**
Partnership Cards
If your school or organization is within 30 minutes of a Krispy Kreme store, you may want to consider selling Partnership Cards as a fundraiser. With a Partnership Card, customers get a free dozen Original Glazed doughnuts with the purchase of a dozen of their choice. Their card gets punched each time they use it and they can use it up to ten times (limit of 3 free dozen per visit).
**This is what I've heard used. It sometimes works**
Of the three, the third is the safest bet, but the first will probably sell more. However, we don't want to get stuck with them. And if we did sell them, when? where? School hours would be good, maybe in the morning?
Also, no matter which we do, where do we get the starting $$ to pay for a few dozen or a few cards? What the Krispy Kreme site suggests is to pre-sell a few dozen donuts or cards, to make sure we have demand and/or to get $$. When preselling, taking $$ may not be a good idea, b/c we haven't delivered yet, and so people won't buy, but maybe we can get ideas of how many will buy?
What do yall think?
-Pav
Traditional Doughnut Sales
We offer our doughnuts to non-profit groups at a reduced price, which are then resold for full retail price, or slightly higher. Pre-selling doughnuts to family, friends and neighbors or selling doughnuts at high-traffic areas such as shopping center or community festival can generate significant funds.
Check with your local Krispy Kreme store regarding ordering details.
**I think this may be a good idea, esp. with the reduced price for non-profit groups**
Certificates
Certificates are an alternative to selling actual doughnuts. Your customers redeem each certificate for one dozen Original Glazed doughnuts at any participating Krispy Kreme retail shop. Just as delicious and customers can pick up their doughnuts right when that Krispy Kreme craving hits 'em!
Presell certificates to neighbors and friends, sell them door-to-door, or a little of both. Call your local store regarding ordering details.
**maybe not, we'll get more actually selling donuts**
Partnership Cards
If your school or organization is within 30 minutes of a Krispy Kreme store, you may want to consider selling Partnership Cards as a fundraiser. With a Partnership Card, customers get a free dozen Original Glazed doughnuts with the purchase of a dozen of their choice. Their card gets punched each time they use it and they can use it up to ten times (limit of 3 free dozen per visit).
**This is what I've heard used. It sometimes works**
Of the three, the third is the safest bet, but the first will probably sell more. However, we don't want to get stuck with them. And if we did sell them, when? where? School hours would be good, maybe in the morning?
Also, no matter which we do, where do we get the starting $$ to pay for a few dozen or a few cards? What the Krispy Kreme site suggests is to pre-sell a few dozen donuts or cards, to make sure we have demand and/or to get $$. When preselling, taking $$ may not be a good idea, b/c we haven't delivered yet, and so people won't buy, but maybe we can get ideas of how many will buy?
What do yall think?
-Pav
Sunday, December 14, 2003
USING BLOGGER
To be let into the blog, actually you have to send me an email first, phyziksdood@yahoo.com, so I can invite you into it.
FINANCIAL PROBLEM
I agree with you that fundraising isn't fun, and that the high costs are a financial problem. My point was just that sellings things to people usually has a really low profit, with too much effort for it, and its not even enjoyable doing it individually and trying to convince people to buy things they don't really need.
I like the idea of a big fundraiser that everyone comes to and that is almost guaranteed to make enough money. We need a significant amount - the $50 or so profit we make from all coupon book sales, etc. isn't enough for the amount of time we have to go out doing the sales. Something that took a little more time, but made more money would be helpful. Like what Mr. Williams did @ River.
What we can do to ensure participation is to require everyone to participate at one big thing we do, choosing a date that is suitable for most people, and then those few who can't come have to do some other individual activity? The problem with this is those who want to pay their full costs. However, related to that, even when one pays full cost, one is actually only paying 1/2 because the school pays half. But we want to not be in the red even assuming the school will pay. So they are still using some of the club's funds, theoretically, and so I believe we can allow for a "required" participation, individually or as a group.
Any comments? changes? other ideas?
-Pavan
To be let into the blog, actually you have to send me an email first, phyziksdood@yahoo.com, so I can invite you into it.
FINANCIAL PROBLEM
I agree with you that fundraising isn't fun, and that the high costs are a financial problem. My point was just that sellings things to people usually has a really low profit, with too much effort for it, and its not even enjoyable doing it individually and trying to convince people to buy things they don't really need.
I like the idea of a big fundraiser that everyone comes to and that is almost guaranteed to make enough money. We need a significant amount - the $50 or so profit we make from all coupon book sales, etc. isn't enough for the amount of time we have to go out doing the sales. Something that took a little more time, but made more money would be helpful. Like what Mr. Williams did @ River.
What we can do to ensure participation is to require everyone to participate at one big thing we do, choosing a date that is suitable for most people, and then those few who can't come have to do some other individual activity? The problem with this is those who want to pay their full costs. However, related to that, even when one pays full cost, one is actually only paying 1/2 because the school pays half. But we want to not be in the red even assuming the school will pay. So they are still using some of the club's funds, theoretically, and so I believe we can allow for a "required" participation, individually or as a group.
Any comments? changes? other ideas?
-Pavan
Monday, December 08, 2003
I personally think the points idea has merit, but we may want to scale the points a little differently. For example, for fundraising, maybe more points per dollar, and if its a "sit there" kindof thing, like happened for soccer, per hour rather than per dollar b/c of the low turnout and the necessity for someone to go. (I didn't really want to go to that, and got $5 profit for 3-4 hours of sitting there. But we needed to show Ms. Shultz we really meant it to go)
Judges - we can convert them to the amount we save, and use that dollar cost in the points scale. It'll make it less debatable as to their value, and will make the conversion from accounts to points easier.
The thing is, when do we convert, how do we convert, and how to be enforce the mandatory-ness? I don't think throwing people out would work, we need all the people we can get. Converting will be interesting, how do we deal w/ the money in the accounts and transfering them? Are all accounts things used in the points system? What about the account money "spent"? And what does one do when they have completed their 300 points? Does money go into their account?
In addition, some people don't want to fundraise, and are willing to pay all the costs. For them to make them pay extra to pay for their points would be a little unfair if they are not costing the club anything really.
I think its an excellent idea we can build off; its like having club dues, but rather than making everyone pay, we make them participate in getting $, which will work. And this I think works better than forcing Storm cards down pplz throats b/c here they have a choice, and Storm cards are hard to sell, and not everyone likes to sell stuff. Myself included.
Judges - we can convert them to the amount we save, and use that dollar cost in the points scale. It'll make it less debatable as to their value, and will make the conversion from accounts to points easier.
The thing is, when do we convert, how do we convert, and how to be enforce the mandatory-ness? I don't think throwing people out would work, we need all the people we can get. Converting will be interesting, how do we deal w/ the money in the accounts and transfering them? Are all accounts things used in the points system? What about the account money "spent"? And what does one do when they have completed their 300 points? Does money go into their account?
In addition, some people don't want to fundraise, and are willing to pay all the costs. For them to make them pay extra to pay for their points would be a little unfair if they are not costing the club anything really.
I think its an excellent idea we can build off; its like having club dues, but rather than making everyone pay, we make them participate in getting $, which will work. And this I think works better than forcing Storm cards down pplz throats b/c here they have a choice, and Storm cards are hard to sell, and not everyone likes to sell stuff. Myself included.
Friday, December 05, 2003
Hello Natalya and DQ if yall have joined yet. Hopefully by using this, we'll be able to put the info and have all of us be able to get at it easily, without having to fill up our emails.
Current status: $-342 due to recent Ridgefield and Bay entry fees and the coupon book checks not have been cashed, etc. yet.
Ideas:
FUNDRAISING: Storm cards, Krispy Kreme Cards. I don't think forcing people to sell Storm Cards is fair, they are fairly difficult to sell, esp. because many people have been selling them.
Scrapping accounts? after clearing up - or having no more account additions, but can use up money already in them.
$500 donation - Wonderful idea! from who?
Payments - In the future people are going to have to pay for their entrys. Where else will the money come from? We can account for the school paying half, but then we still must pay half. The club will not have the funds to pay for entry fees.
Judges - no more credit to people for judges, but instead, the supplier of the judge will have to pay no judge fees, and whatever is left over to be paid for judges will by split amond non-suppliers. Everyone saves money, the supplier saves the most.
Current status: $-342 due to recent Ridgefield and Bay entry fees and the coupon book checks not have been cashed, etc. yet.
Ideas:
FUNDRAISING: Storm cards, Krispy Kreme Cards. I don't think forcing people to sell Storm Cards is fair, they are fairly difficult to sell, esp. because many people have been selling them.
Scrapping accounts? after clearing up - or having no more account additions, but can use up money already in them.
$500 donation - Wonderful idea! from who?
Payments - In the future people are going to have to pay for their entrys. Where else will the money come from? We can account for the school paying half, but then we still must pay half. The club will not have the funds to pay for entry fees.
Judges - no more credit to people for judges, but instead, the supplier of the judge will have to pay no judge fees, and whatever is left over to be paid for judges will by split amond non-suppliers. Everyone saves money, the supplier saves the most.
