Custom Car Magnets vs. Lollipop Fundraiser
The right fundraiser can make such a big difference. Whether you’re raising money for your church, football team, basketball team, or your school, a good fundraiser is important. Custom car magnets and lollipops offer two fundraiser options to choose from.
These two products offer great options to help you raise money. Both are good choices, but one might be better for you than another. Let’s look closer at both custom car magnets and lollipops.
The first thing you want to look at when comparing custom car magnets and lollipop fundraisers is the profit margin. With lollipops, you will likely make around a 50% profit margin. This means, if you need to spend $1 per lollipop, you will make about $0.50 per lollipop in profit when you sell them.
Most promote this type of fundraiser as a 50% profit margin for each case you buy. Since each case will cost around $240, that means, you can make about $120 per case. How many cases of lollipops do you have to sell to make the money you need?
With custom car magnets, you get a much higher profit margin. Even when you buy in smaller quantities, you can easily sell custom car magnets for a 100%, 200%, or even a 300% profit margin. If you spend $3 per magnet, you can sell them for $10 to $15 pretty easily. This means you don’t have to sell nearly as many magnets to make the same money as with lollipops.
When comparing these two fundraisers, if you want the highest profit margin option, selling custom fundraising magnet is the right choice for you.
Your budget will also determine which fundraiser is right for you. Both custom car magnets and lollipops come with an upfront cost to run your fundraiser. Lollipops run about $240 per case, which will provide about 480 lollipops. If you need to raise a few thousand dollars, you will need many cases, which can add up fast.
Custom car magnets range from about $0.95 to $4 each, depending on the size, design, and quantity. You can buy a smaller quantity or a larger quantity to control your spending.
For most fundraisers, you will spend at least $1,000 for the lollipops you need. With custom car magnets, you can buy 1,000 magnets at $950 to $1,150 or a smaller quantity at a lower cost. Your budget might help to determine which of these fundraisers fits best for you.
Ease of Sale
Both custom car magnets and lollipops are easy to sell. Everybody loves showing support by displaying a magnet on their vehicle or another magnetic surface. They become a keepsake for parents, grandparents, and other supporters.
Of course, most people enjoy a good lollipop, too. However, those on a diet or unable to eat sugar may not be able to purchase this type of product from you. The low cost of lollipops does make them very easy to sell, too.
There are many fundraisers to consider when you need to raise money. Custom car magnets and lollipops are two great choices. If you want to sell custom car magnets, you can start with our Free Magnet Design tool.