Showing posts with label income generation. Show all posts
Showing posts with label income generation. Show all posts

Tuesday, 26 October 2010

Creative thinking about income generation

One of the more popular posts on my small creative ideas blog is about income generation - people often stumble across from a google search, it seems. (The original post is here: http://smallcreativeideas.blogspot.com/2009/04/thinking-about-income-generation.html if you want to go there)

Meanwhile - it seemed to me - given these austere times that people might have interest in reading this post here too:

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Below is a list of 'resource types' that all voluntary and public services have in some way. I have used the whimsical (and probably not very ethical) example of what a local church might do to generate income - to illustrate these resource types. I hasten to add that I am not advocating any of these methods at all! (One of the first rules of income generation is that whatever you do - has to accord with your ethical principles and legal parameters.)  

  • Staff - Knowledge & Creativity (Vicar offers counselling to local businesses)
  • Staff - Staff time (Choir Sings for Local Radio to create Christmas jingles)
  • Staff - As potential customers  (Send a list of parishioners to religious publisher)
  • Staff - Non work expertise (Church Warden's model making expertise to sell to local firm of architects)
  • Information - Patterns of performance & results.(Send popular hymns chosen for services to music publishers)
  • Information - About individual clients / users etc. (Send names of babies Christened to the local branch of Mothercare)
  • Physical Assets - Buildings (Use the Church steeple for a mobile phone mast)
  • Physical Assets - General Equipment (Loan church hall chairs to local hotel for big events)
  • Physical Assets - Specialist Equipment (Charge for access to register of births and deaths to people researching family trees)
  • Stakeholders - As potential customers (Church Commissioners to offer ethical financial advice)
  • Stakeholders - As potential sponsors or supporters (Local Firms advertising in church newsletter)
  • Stakeholders - As potential partners (advertise local education evening adult ed classes)
  • Profile - ‘Brand’ reputation (Give stamp of approval to a pine furniture manufacturer)
  • Profile - Access to media and public (Charge for inserts in the newsletter such as pizza delivery businesses)
  • Systems and services - Software (Sell petty cash system to local shops)
  • Systems and services - Expertise in how things are done (Sell skills at organising large events (the fete) to local businesses wanting celebrations)
  • Systems and services - ‘Piggy backing’ existing services (Arrange to tie up marriage services with local dressmaker)
  • Waste  ...is someone else’s supply...? (Church space on weekdays use for a Local nursery) 

Further information (although some of this may be out of date now): 

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Overall, I do think that all public and third sector organisations ought to have a coherent and active income generation strategy at all times - but especially now. I used to run workshops on this subject when I was at OPM - would anyone be interested in my putting on another one? (Please drop me a line or say here, if you would like this. Thanks.)