The speaker suggests that event organizers should focus on selling more merchandise to increase revenue, by being more efficient with the process.
Liv Boeree co-founded Raising for Effective Giving, a nonprofit that has raised $12 million for cost-effective charities based on the principles of effective altruism. In this podcast episode, Liv discusses her work with R-E-G and effective altruism, in addition to other topics.
Not all charities should be evaluated solely based on donation efficiency metrics as spending money on operations and marketing can actually make them more effective. Reputable charity evaluators are able to identify these nuances and determine the true impact of a charity.
The speaker suggests that charities should publicly set a standard amount of donation for their cause, instead of constantly asking for less and less. Additionally, leveraging peer pressure may help increase positive impact while reducing the costs of soliciting donations.
Event venues often charge for union fees and catering, which can significantly add to the cost of an event. These extra charges can sometimes end up being double the price of the hard cost of the venue.