I am an Eagle Scout (Troop 76 '98) and my wife and I just started a business with grocery coupon books.
I'm about to place an ad in Scouting magazine and hopefully online here (not sure where to send suggestions for external sites go) but here's the deal:
Scouts would sell coupon books worth $500. Your customers would mail the 50 $10 certificates in to get newspaper coupons of their choice - so they really do get $500 in grocery savings.
Scouts sell the books for $29.95. The troop's cost is about $16 per book (working on details) This is a profit for the troop of about $13. A small troop of ten boys, each sells ten nets $1,300. No return trip to deliver anything, and it's a product everyone can use, and it's not like popcorn or cookies - everyone needs to buy groceries!
Here's our questions: Should we offer a prize system and cut back on profits, or let troops divvy up the profits to pay scout's summer camp expenses or prizes? We plan to ship the coupons at time of order, and allow 2 weeks before payment is due, sine I understand many trooks can't afford up-fron costs. Is this even a product that troops would be interested in? I know I hated fundraising, and for my toop have sold popcorn, mulch and fertilizer, pointsettas, and wreaths. My brother sells kroger gift certificates for only a 3% profit. Because of these experiences, I would just like to offer a product that 1) everyone can use/needs 2)Minimize scouts' time selling and delivering so they can work on advancement instead 3) Provide a decent markup on the product for the troops.
Please post responses or email info@couponclearance.com. I really appreciate all the help I can get.