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Ok,
I'm doing spirit shirts to sell to the parents of the chearleaders in the cheer squads my daughters belong to. I'm working with the Director of the cheer group. I made up the order form and put on it to make checks payable to my company, Sew Hot Threads. They came back and said that they usually have everything paid to them and then they will cut me a check for my share. This is the first order I've done as a fundraiser but I've heard where people give 10%, 20% and so on. My thought was that I would collect the money and pay them a portion of the profit. Right now I don't know what the profit is since I don't know how many shirts will be ordered. Right now with my material costs and what we're selling the shirts for, there should be around $10-$11 profit for each shirt. I know that since I'm doing 95% of the work, I should make most of the money, but is there a typical % to be kept by the organization.
I'm doing spirit shirts to sell to the parents of the chearleaders in the cheer squads my daughters belong to. I'm working with the Director of the cheer group. I made up the order form and put on it to make checks payable to my company, Sew Hot Threads. They came back and said that they usually have everything paid to them and then they will cut me a check for my share. This is the first order I've done as a fundraiser but I've heard where people give 10%, 20% and so on. My thought was that I would collect the money and pay them a portion of the profit. Right now I don't know what the profit is since I don't know how many shirts will be ordered. Right now with my material costs and what we're selling the shirts for, there should be around $10-$11 profit for each shirt. I know that since I'm doing 95% of the work, I should make most of the money, but is there a typical % to be kept by the organization.