Service Auction: A Fundraising Technique for any Non-Profit Institution Case of a Private Primary School By Nadeem M. Firoz M.Com, MBA, Ph.D.

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Presentation transcript:

Service Auction: A Fundraising Technique for any Non-Profit Institution Case of a Private Primary School By Nadeem M. Firoz M.Com, MBA, Ph.D

What it Means? Private school need funds (Money) Money will be raised through service auction A service will be found through net working For example a teacher is willing to teach free but the buyer will pay to the school not to the teacher

How It Works? Jose goes to a private primary school Student’s Father is a UAG Math teacher Private school needs money Jose’s father willing to teach free 5 math lessons Market price of each is lesson 100 pesos Jose’s father is willing to charge 50 pesos per lesson

(cont) How It Works? Martinez buys teachers services on the day of the auction for 60 pesos per lesson. Martinez will pay total 300 pesos 300 pesos will not go to Math teacher but to the private school

Why? This Teacher might be a father, sister, or grand mother of a student. This teacher wants to do it for the love of this student and for the support of school where this student is getting his or her education.

A Service for Sale

School Money Student

Student Family Mother Grand Mother Father

Family Contacts Neighbors Relatives Friends

Networking