092: What, Why, & How Nonprofits Can Get Money (Not from Grants)

Published: Oct. 8, 2019, noon

b'**Get your Free Checklist Downloadable www.grantwritingandfunding.com/90\\n\\nAre you looking for ways to increase money for your nonprofit, or nonprofits that you work with, that doesn\\u2019t include funding from grants?\\n\\nDiversifying streams of income for nonprofits is vital. Many clients, especially start-up nonprofits, may think that grants are the only type of funding that they can get.\\n\\nToday, you are going to learn many ways of creating products for your nonprofit. These ideas may help your nonprofit bring in extra revenue that is for operational funds. \\n\\nWhy Nonprofit Products Sell\\n\\nYou might say, \\u201cUgh. Not another t-shirt for sale! We are competing with millions of others. Why would anyone buy our product?\\u201d\\n\\nThe truth is that consumers are spending their money more and more these days, on items that make a difference. Consumers are realizing the power and voice in how they spend their dollars. \\n\\nWe\\u2019ve seen a huge shift in the #shoppingforgood movement where consumers are comparing brands and shopping for items that are actually impacting the world in good ways. We see the reflection of how consumers are shopping with this conscious shopping in mind, especially among millennials.\\n\\nA really cool online platform is called The Good Shop, where you can shop online for thousands of brands and then choose where you want a portion of the profits to go. These nonprofit causes are vetted and show transparency. It is pretty cool! \\n\\nWhat Products Sell: Ideas for Goods/Products\\n\\nBackpacks / fanny packs\\nBusiness Card Holders\\nCoffee mugs / Flasks\\nCookies / Baked Goods\\nSweatshirts and sweaters \\nFood Truck! (What, yeah!)\\nHats and caps\\nJewelry\\nLuggage Tags\\nNotebooks\\nPhone covers \\nPurses\\nStuffed animals / plushies\\nTote bags\\nT-shirts\\nWallets \\n\\nHow Products Sell\\n\\nStart Small\\nYou\\u2019ll want to start small and test the market. Instead of investing thousands into a food truck or converting a kitchen into a commercial kitchen, maybe you test your cookies on a small scale first. Test out what types of cookies sell and unique recipes. \\n\\nDo a survey\\nPut together some product ideas and ask your followers or community what they like and would purchase! This can easily be some mock-ups of different items and price points. If they won\\u2019t buy, make sure you ask them why not without badgering them. The feedback will help with your business design! \\n\\nGet Start-Up Capital\\nThere are 5 different ways to get capital to help you with developing the products:\\nPre-Ordering, Corporate investment, Small Business Administration, Grants, and Crowdfunding campaigns.\\n\\nNow is a great time to create products for your nonprofit. Consumers want to engage with your branding and to shop for good reasons. They need clothes, so why not advertise their ethics on their clothing? This will also raise the reach of your branding as often clothes with a great message or interesting logo can start conversations which lead to sharing the nonprofit\\u2019s mission.\\n\\nPlease share your different product ideas by tagging us @grantwriting_funding on Instagram!\\n\\nI\\u2019m SUPER excited about next week\\u2019s post! I interviewed Mr. Rodney Walker, President of Grant Central USA. He is absolutely amazing and has helped secure well over $300 million for nonprofits. He also has a super active community on LinkedIn and is one of the most positive individuals I have ever met! \\n\\nDon\\u2019t forget to grab the FREE downloadable from last week\\u2019s episode!\\n\\nListen to the podcast on iTunes, SoundCloud, Stitcher or watch on YouTube!\\n\\nTo share your thoughts:\\nSend Holly an email at holly@grantwritingandfunding.com\\n\\nTo help out the show:\\n\\nLeave an honest review on iTunes. Your ratings and reviews really help, and I read all of them!\\n\\nSubscribe on iTunes or on YouTube.\\n\\nLooking for more? Follow us on Instagram @grantwriting_funding'