cbc58
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Total Posts:
3
- Joined: 11/17/2010
- Location: Raleigh, NC
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advertising/fundraising question
Thu, 11/18/10 9:43 AM
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Hi- Would it be out of line to ask a question here regarding an advertising / fundraising idea we are developing for a non-profit? I don't want to post it here if not acceptable. It will cost $$ so I want to make sure this thread won't be perceived as spam or abusive to the forum rules. Please advise. Tks.
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localnet
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Total Posts:
1064
- Joined: 3/10/2010
- Location: SE MI
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Re:advertising/fundraising question
Thu, 11/18/10 6:21 PM
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Shoot
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cbc58
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Total Posts:
3
- Joined: 11/17/2010
- Location: Raleigh, NC
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Re:advertising/fundraising question
Fri, 11/19/10 7:45 PM
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Tks. I want to ask a couple of questions first so that I understand the challenges / costs owners face . All I know about the resturant business is through eating out and watching hell's kitchen (and the show where he goes in and trys to turn around failing places). They are: - what is the single best method of advertising you use? and - if someone buys a gift certificate from you for $50, what is your actual cost on that.. is it $25 of less?
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konnie
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Total Posts:
331
- Joined: 2/10/2008
- Location: Neodesha, KS
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Re:advertising/fundraising question
Sat, 11/20/10 12:07 AM
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cbc58 Tks. I want to ask a couple of questions first so that I understand the challenges / costs owners face . All I know about the resturant business is through eating out and watching hell's kitchen (and the show where he goes in and trys to turn around failing places). They are: - what is the single best method of advertising you use? and - if someone buys a gift certificate from you for $50, what is your actual cost on that.. is it $25 of less? It depends a lot on the type of operation. A B/M will have a higher cost than a trailer. On our concession trailer our cost is abut 50 to 55% of sales. That includes food cost, event fees, gasoline, insurance , labor and all other miscellaneous expense. I usually give away about 10 $5.00 gift certificates to each show sponsor and figure it cost me $25.00 but it sure helps me get back into shows, year after year. Good luck. Mike S.
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cbc58
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Total Posts:
3
- Joined: 11/17/2010
- Location: Raleigh, NC
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Re:advertising/fundraising question
Mon, 11/29/10 3:58 PM
( permalink)
Tks for the info. I need to rethink what we are contemplating because it needs to be a win/win situation for establishments and local food banks (who we want to raise funds for). Where we are (Raleigh, NC) - alot of places use valpak or money mailer... or spend $$ on other advertising and those costs can really add up. I think it's like $350 a pop to advertise in a money mailer and if we can come up with a better use of those advertising dollars (and support food banks), that's what we are after. Do most resturants think $350 is a minor amount to pay for advertsing? Wonder what the average monthly budget is for this. I know one pizza place in my area spends thousands a month on coupons and mailers and he must see that back in terms of net profits because he keeps doing it over and over.
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