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Why can't KVB increase their revenue so that it breakseven with its…
Why can't KVB increase their revenue so that it breakseven with its expenditure in 12 months.
Lack of revenue streams
Donation link doesn't work
Too troublesome for people to donate
No strategy in place to collect revenue
Maybe not enough volunteers to collect donations?
No program or initative to recruit volunteers
No professional fundraiser
Doesn't have a continuous donation base
Does not make use of its multiple communication platforms (social media, email, text)
Incentive to donate is insufficient
Does not sell and merchandise
No appealing story being told
Could advertise organisations impact better
Only the gift fund is tax deductible
No clear way to donate to gift fund
External Factors
Covid-19
Decrease in donations
People don't prioritize environmental concerns as highly due to other more stressful factors.
Multiple established competitors
lack of marketing capabailities
Struggle with online presence - minimal engagement on social media
lack of awareness on KVB and what they do
Website looks unappealling and outdated
Membership benefits look vague and unappealing
Expenditure is outweighing revenue
admin costs, salaries and grants are too costly to be sustained with revenue.