Blog Post by: Ashlee Meier
Is it a good time to chat/learn/commit to something? Isn’t that always the question in our fundraising worlds!
When it comes to hosting a successful event, there’s a saying that certainly holds true: timing is everything! From selecting the right date, to approaching sponsors, to releasing ticket sales and orchestrating the event day schedule, strategic timing plays a crucial role in maximizing both the guest experience and potential revenue.
Our fabulous Project Manager, Christie Howard, discussed the nuances of balancing communication timing with the start of a new school year in our most recent blog post, Balancing Communications. Today, we’ll dive into the numerous ways that timing can make or break your fundraising event, because it is, indeed, EVERYTHING!
1. Picking the Perfect Date:
Choosing the right date for your fundraising event is paramount. A date that clashes with other major community events, school closings, popular travel weekends or holidays can significantly impact attendance. Research local calendars to ensure your event doesn’t coincide with competing events. Also, consider the time of year – outdoor events may be better suited for mild seasons, while indoor events can thrive in any weather.
We recently kicked off our fall event season the last weekend in August with 3 events that, although wildly successful, struggled with both ticket sales due to events happening so quickly after the start of the school year, and event day heat for outdoor elements. Avoid that when selecting your event date if at all possible!
2. Sponsorship Outreach Timing:
Securing sponsors is a pivotal part of fundraising events, and timing plays a vital role in this process. Reach out to potential sponsors well in advance of your event date, giving them ample time to consider your proposal and allocate funds. Aim to approach sponsors when they’re finalizing their budgets for the year or quarter and build in plenty of runway for follow up.
3. Ticket Sales Timing:
Releasing ticket sales at the right time can make a significant difference in maximizing ticket purchases and event attendance. Launch ticket sales when there’s enough excitement around the event without getting lost in the shuffle of other activities, travel or holidays. Create a sense of urgency with strategic pre-sales and limited offerings of VIP or table packages.
4. Curating the Ideal Event Day Schedule:
The flow of your event day (or evening) can have a huge impact on guest engagement and revenue generation. There is a delicate balance between having enough time to enjoy all the elements and having too much time, giving guests space to warm to the idea of participating, while focusing them on key activations. You’ll want to ensure the big picture event schedule is structured strategically, and that the Run of Show and/or speaking elements fall within the window of critical mass. High-energy segments, such as live performances or auctions, are best placed when attendees are at their peak enthusiasm.
5. The Fundraising Focus:
While it’s important to create an enjoyable experience for your guests, don’t lose sight of the ultimate goal – funding your incredible work! Strategically time moments throughout the event when you’ll make fundraising appeals. Placing revenue activations thoughtfully in your space layout so guests experience them in the proper timing is key, along with the placement of live auction and paddle raise within your show flow.
6. Post-Event Follow-Up:
Timing doesn’t end when the event wraps up. Within a day or two after the event, send out thank you emails to attendees, sponsors, and volunteers. Include a recap of the event’s success, the total amount raised, a link to event photos on your social media site, and how the funds will be used. This swift follow-up reinforces the impact of their participation and keeps your cause top of mind. Better yet, start solidifying commitments for next year’s event while they are still enjoying the after event glow!
Mastering the art of timing is a crucial factor for the success of events. From selecting a date that avoids competition, to approaching sponsors at the right moment, timing can determine the level of engagement, attendance, and ultimately, the funds raised. By paying attention to these key timing considerations, you can create an event that not only captivates your guests, but also drives significant support for your cause. Remember, it’s not just about when you hold your event, it’s about making every moment count!
Our team at STUDIO 4Forty are pros on all aspects of event timing and would love to help you increase your impact through one of our signature fundraising events. Contact Kim Perry to learn what’s available in your market!