Liquidating Business Assets for a Good Cause
A high school Junior in Arden Hills, MN (northeast of St. Paul) has organized an eBay auction program in order to both save money and earn money at the same time. The student took note of the high price of recycling electronics at his high school, Mounds View High School. In an earlier post, we covered the high cost of recycling and how selling or donating used electronics is a more humane and environmentally friendly option.
Doing business as “Scoolsout,” the student-led initiative happened in collaboration with the school district’s technology director and the ”Steps to Success” program. The project also gained the attention of a scholarship contest sponsored by SkillsUSA; Thompson took first place and netted a cool $5,000.
According to Missouri licensing laws, it can cost up to $25 per item to recycle electronics, a hefty cost when one considers the frequent equipment turnover for school districts. Additionally, some of the proceeds of the initiative go to fund the Steps to Success program. Leadership and job readiness training is provided to participating students. Students graduate from the program trained on cutting-edge internet business.
Students are responsible for posting items, creating listings, collecting funds, running the office, ordering supplies, customer service, and the timely shipping of goods. So far, the program has made $13,000, as reported in the Shoreview Press. All in all, it’s hard work, and accolades are well-deserved for participating students who gain work experience before finishing high school.
Plans are in the works to expand the program and contract the services to other surrounding schools, which should prove lucrative as new computers are on the way to area middle schools.
Easysale, a full-service eBay consignment store in the Dallas metroplex is proud to offer similar fundraising for qualified 501(c)(3) nonprofits. This is a great way to raise money all year for your school, church, synagogue or other nonprofit. Simply ask your network of supporters to gather unwanted items valued at $50 or more.
Easysale is dedicated to helping non-profits raise funds more efficiently. With our competitive fee structure, the seller/donor receives the proceeds from the sale of their items, with 60% of the proceeds going to the seller/donor.
You can track your auction online (that’s part of the fun) and 100% of the final selling price is deductible for income tax purposes as a charitable donation. Ask about how you can get telephone scripts, contact letters, and template e-mails to reach out to existing donors. Check out our For Charities page for more information.
And if you’re looking to consolidate your own business assets, consider making money off your upgrade by consulting Easysale’s staff. They are experienced in handling business liquidations, head on over to our For Your Business to find out more.
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