A bake sale is a cost-effective and fun way to raise money for charity. Think about where the best location is, perhaps in your town hall, your back garden if you invite friends over, or in your office. Make sure your venue has enough space and that people are able to get there easily.

Consider how will you sell the most cakes. How many people can you invite to come to your bake sale? Could you spread the word using social media, via personal messages, as well as a traditional poster advertisement? Where can you do the bake sale in order to catch the most passers-by too?

Fundraising is hugely rewarding but runs more smoothly with careful planning. Make sure you leave yourself enough time to plan and prepare, especially if you’re cooking with many guests.

Choose a date that works for you and for those you’re hoping to fundraise from – the more dinner party attendees, the more funds you can raise.

Perhaps you should consider what you and your friends would spend on dinner and an evening out in a restaurant when deciding what donation you’ll ask for.

Do you have any people in your network to ask for auction prizes? The better the prizes, the more you can hope to make at an auction. Think about prizes such as art, cooking classes, free gym memberships, hotel stays, as well as vouchers for restaurants too. What will the guests at your auction be interested in?

You must also choose a great auctioneer who will create hype and excitement. Can they help to encourage more donations during the auction by appealing to people’s competitive side?

Quizzes, both virtual and in person can be a great way to fundraise. Charge an entry for tickets, plan all of the questions yourself and you’ll already be making a great profit for MicroLoan Foundation.

Think of other ways you can ask for donations during or after the quiz, what about a raffle? Secure some amazing raffle prizes to ensure some extra donations on the night of your quiz.