okay, how uncomfortable does talking about money make everybody?
I know, right?
but if we want to talk business we need to get our hands around the dollar issue.
I want to share with you a little bit about how I do my gatherings from a financial standpoint.
Now when I was first starting out I did my gatherings around my dining room table.
There were 12-20 of us, I planned and prepped the projects that day, people brought goodies, and shared ideas. No fees were collected.
My gatherings are bigger these days, it takes me a week to prep, I pay for a rental space, etc
As a leader, I think you get to decide where your money goes
I also think that people respect an event more if they have to dish out some cash to attend.
So I roll like this:
- My first level (and those for whom I am their next active
- All others pay $30
- They make 10 cards and 2, 3d projects
upline) come for free
- I pay $150 in product for room rental
- I pay 2 display board makers $50 in product to create displays
- I pay 2 demonstrators a free stamp set of their choice to "demo" a technique that day
I provide coffee, juice, bagels, mini muffins in the morning
- Each person who comes receives a door prize ticket
- If they made swap cards they receive another door prize ticket
- I provide door prizes equal to 3/4 of attendees, so if 60 people attend I have 45 door prizes. These ranges from spools of ribbon to bone folders to sponges to dimensionals
- I sell raffle tickets at 2 for $5 or 6 for $10
- I provide a raffle of approximately $400 in product and take in $250-$300 in raffle tickets
- I sell grab bags for $5. Each one holds a product valued at $4-$5.
- One has a $50 shopping spree. Last event I sold 25 of them.
- These are all items that I have ordered too much of, or changed my mind and decided not to use, etc.
I award a free stamp set to the swap card winner
Now, obviously I am not making money off these event.
And I am not saying you should run yours the same way.
the only take away I would have you ponder is:
- my first level comes for free
- they typically buy $15-$20 of raffle/goodie bag
So what I am doing is transferring a registration fee to a FUN OPTIONAL payment
As you know one of the most important factors to providing a great event and a creating a happy downline is having FUN.
I have just shifted the money around to provide MORE fun
I could just charge my first level $30
I could charge them half
Lots of options, this works for us.
I would love to hear what works for you!!
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