Dollars and Sense–update

We get lots of questions about this post from 2007. It’s likely because it was an overly simplistic answer to one of the most important decisions that you’ll need to make when running a Mishloach Manot fundraiser: How much to charge?

There really is no simple answer. Every community is different and every organization has different dynamics. Demographics play a large part in this decision, but the type of organization you are plays an even larger role. We see some synagogues with 1,000+ members in affluent areas that raise less than synagogues with 300 members in non-affluent areas.

What’s the key factor?  How well your members know each other. Are you a close-knit community? Do most of your congregants show up to your events?  If all of your members know each other, you’ll likely have very large orders, IF you price it right. If your members receive from 50 people on average, you can charge $2 per name, and you’ll gross $100 per recipient!

If your members don’t know each other, charging $1-2 per name won’t necessarily mean larger order sizes. And besides, you’ll need to charge more just to cover the cost of the baskets. If your members’ receive from only 1-3 people, you may need to charge $5-$7 just to cover your costs.

There are lots of ways to “play” with your pricing using, such as buy 5 get 1 free, or special group or bulk discounts, that have shown tremendous success.

There’s a lot more at play here that can be covered in a couple of blog posts. Please feel free to call us at 201-47-PURIM, or email sales@happypurim(dot)com to learn more about what we’ve learned from helping run hundreds of Purim project fundraisers over the years.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: