Getting people to support your cause and asking for their time and money requires much effort. One can say that the pursuit to find benevolent donors is a daydream. Not necessarily.
As much as hard and challenging as it might seem, some strategies can help in asking for money both online and in person. Try out the ideas outlined below, and you’re undoubtedly going to find the right donors in no time.
How to ask for money politely?
Asking money back from a friend or relative might endanger your relationship. To prevent this from happening, make sure you first ask politely and tell them that you need the money because you’re broke. Don’t put much pressure when you ask someone by setting time constraints.
One good idea is to try and swap for something you need and your friend would like to give. When you ask someone, say, for instance, “Can you do me this favor”? That might be a car repair, or let’s say a babysitting need. Getting a good part of the amount in-kind will make you feel much more satisfied and less disappointed.
Think about dropping one subtle reminder to make them feel like you care how they’re coping. Alternatively, make another personal friend ask diplomatically. Even if your best chances to get the debt settled are low, think of a flexible repayment plan to split the due amount. Such installments might involve check payments when you’re eating out and the like.
How to ask family for money?
Begging money from a family member or a friend you trust may be one rewarding and awkward experience. Yet, it may also ruin your relationship if you fail to keep your promises when you ask someone for money. Therefore, preparation is crucial, and this means getting your finances in perfect order. Depending on the money you intend to ask for, avoid seeking help from financially unstable relatives.
The best policy is always honesty. Be open about why you need the money and specify one exact amount. Don’t forget to work out time estimates on money repayment. We suggest preparing a repayment plan and an essential minimum you plan to pay each month. Plus, offer to pay about 1% or 2% interest for the risk taken. This way, you show them how much you appreciate their assistance and that they’re not just friends for money.
A promissory note is one smart step to clear up any misunderstandings that might occur concerning the agreement. Plus, physical, binding contracts may give a sense of security in cases when you ask someone for a substantial amount of money. Never skip an installment and continue to communicate with your lender like nothing happened. Even better, work out the consequences if you default on your loan to motivate you to pay on time.
How to ask for a donation?
Asking for money from someone that you don’t know may feel intimidating. Even if you ask a close friend for a donation, that doesn’t mean you have rights reserved to believe they would agree. Before you ask someone to donate a substantial amount of money, use the following ideas to make you feel less weird.
How to ask for donations from businesses?
Do you plan to ask someone or a major company for money donations? Easier said than done. Before anything, you need to develop a strategy to achieve your goals when asking for money. Follow the steps below to make money asking come to fruition.
- Local companies. First of all, you need to work out a list of prospective businesses that stand a realistic chance to approve your request. One smart starting point is to ask someone like your local businesses, as the community is their concern, as well.
- Offer something. A good partnership consists of mutual benefit. Depending on your resources, you can offer references and information in your leaflets and reports. Also, names and logos placed at events may persuade companies to donate money and in-kind resources.
- The big ask. The crucial part that would be nerve-wracking is how to ask for money. If you opt for a letter, make it formal and brief. Alternatively, it’s best to visit the company and ask in person. Face-to-face requests must be clear, genuine, and well-founded. Make sure you prepare correctly and adjust the money you’re asking for to the company’s capacity.
- Follow-up. Most often than not, you won’t receive any donations after the first time asking. Call the company or give e-mails a good try a couple of weeks after to remind them of your request. Don’t just say, “Will you donate?” Work out a good personal scheme that would much bind them to feel indebted.
- Updates. Let people know how much you appreciate their donations. One of the best methods is to set the scene for further contributions and establish good mutual relationships. Let businesses understand the impact of their money and find time to say thank you.
How to ask for donations on Facebook?
Don’t even try to ask someone for money if your presence on Facebook is weak, and you have a small audience. To boost it, invite prospective donors and volunteers, non-profit team members, and leaders to form a solid base. Also, get a large pool of people to like and share meaningful content about your organization. No like would bring you money, but regular engaging content will cultivate positive feelings in donors.
Well-structured and appealing content may urge your followers to try to do some actual work and donate resources. Direct appeals might include visual content and information about what donations get used for in the first place. Eye-catching photos and success stories would undoubtedly make donors see tangible results.
If you make people believe in your endeavors, this will push them to contribute towards a great cause, like animal preservation. Don’t underestimate the power of thank you posts for local supporters that donated money, too.
Remember to create a real-time fundraiser and add a donation tab to your page so that followers can make direct contributions. It’s an easy way for fundraising since your supporters can raise money on your behalf. Finally, monitor Facebook insights to see what posts are most effective and engaging.
How to request donations online?
It’s not uncommon for donors to respond to online money appeals, so don’t fear rejection. However, the likelihood to raise a sizeable amount of money may depend on several factors. People are reluctant when it comes to donating money to an unfamiliar organization. So, if you’re raising money for a natural disaster or a political statement, your chances to reach a broader audience are higher.
One crucial guideline you must take into account when asking for money online is to seek smaller donations. Fundraising is the most practical instrument for collecting small donations in no time when the issue is prevalent. For instance, you may ask for $20.20 to support your efforts in tacking the 2020 coronavirus crisis.
A giant leap in technology is that you might also host online donation events. Real-time fundraising events may increase the encouragement of prospective donors as the crowd is cheering. Last, make sure all content is getting mobile-friendly and offer a like button with links to the donation page.
How to ask for a donation via e-mail?
E-mails are the best, cost-effective, and highly efficient way to ask for donations. However, there are some hacks that you might try for a more pronounced impact on donors. First, dedicate time to create an eye-catching subject line to prevent your appeals from ending up in the trash bin. Make sure the headline addresses the recipient directly and tells them what to do, and for what cause.
Try to include the money request in the first two paragraphs and in bold. Don’t beat around the bush, and try to convey your main points in a non-ambiguous way. Also, include additional information about the particular projects and some background data on your organization to encourage donors to get proactive. Any fundraising e-mail must be personal to give recipients credit.
Most importantly, provide links that lead to the donation site or place a ‘Donate Now’ button within the e-mail. Finally, never leave out the thank you notes since expressing gratitude demonstrates that your organization appreciates donors. Think about tangible thank you cards, promoting them on social media, and sending out invitations to special events.
What to do when someone owes you money?
The amount has been due for a long time, and you’re not planning to extend it. Asking for money back may be weird, but if you find the right words, you’re halfway there. Meaning, think of an open and neutral strategy as a starter. Don’t say, “Are you planning to get my money back?” If you’re not getting any money, it’s an excellent time to get more persistent and convey an element of urgency.
Moreover, if you can’t reach an agreement on the money owned, find other ways that might settle the unease. In some cases, you would step down and forget about the whole money thing. Often, it’s best to forgive if you don’t want to ruin a long-standing friendship for a small amount. Finally, use this experience as a reference for the future, and refrain from lending money again. Or use a written agreement to have rights reserved to get your money back in a proper way.
How to get people to send you money?
Did you think getting wealthy people to give you money is an impossible mission? We’re here to dispute your belief by teaching you legit ways to make asking for money a less uncomfortable venture.
- GoFundMe. Though you may collect money about anything, GoFundMe specializes in help with medical bills. You can get your money issues sorted out by asking for money from rich, kind-hearted people.
- Indiegogo. You might think of an exceptional product or creation, but if you don’t use the right means, it will decay. Feel free to start an individual or non-profit project, and when you reach your targets, you may like to start selling.
- Kickstarter. If you have creative ideas that would need some funding, getting even unknown people to donate money is much more comfortable with Kickstarter. Innovative products and projects may stand a good chance of getting support.
- Rally. As much cool as this site may sound, feel free to ask someone unknown to give you money for anything you might need. Create your page and share your story to raise funds for personal and social causes.
- Crowdfunder. It’s best for small businesses that need to get money. Asking someone to give you money might urge you to prepare a business plan, as well.
Final Word
Asking money from someone that you barely know is a tough challenge. Risking a personal bond when you need cash and don’t know how someone will respond to your appeal is even more challenging. Meaning, you must develop a robust approach that would give people one reason to feel obliged and contribute towards a good cause.
Please explore our site to get access to exceptional advice on asking for and managing money. We have tons of useful information for people like you. Also, we would be delighted to read your personal experiences with asking for cash. So, please feel free to share them in the comment area below.
