Developing a FeeforServices Structure What is a feeforservice
- Slides: 7
Developing a Fee-for-Services Structure
What is a fee-for-service? • Fees paid in return for the services your organization delivers to fulfill its mission, for training, and for consulting, among others.
What are the advantages of fee-forservice? • It could increase your income substantially • You actually get paid directly for everything you do • Fee-for-service money comes without strings attached • It doesn't stop you from getting other funding • If there's a market for what you're selling, fee-forservice money has no end
What are the disadvantages of feefor-service? It requires another level of fiscal management It requires careful regulations of your funders You have to market your services You may scare some participants away because of the cost • You may have to chase down money that's owed • •
Who might pay for your services? • Third parties who desire services for people in whom they're interested • Direct recipients of services • Parties who desire consulting, rather than direct, services
How do you develop a fee-forservice structure? 1. Conduct market research to find out whethere is a market for your services 2. Develop and implement a marketing plan 3. Determine and set fair prices for your services 4. Create an administrative structure to handle your fee-for-service operation
How do you sustain a fee-for-service operation? 1. Continue to update and implement your marketing plan 2. Maintain personal contacts at businesses and organizations 3. Continually evaluate what you're doing
