Posted on: 30 January 2019
Giving back to your community
Whilst many people give money or time to a charity, as a retailer, you could offer something different to donate to worthy causes.
Most charities will be willing to give you a donation box to have in your shop, but are there other ways that you can donate that are more valuable than loose change?
What you can do for charities
Donating to charity is about more than just giving money. Charities will be equally grateful to receive physical donations as well which is a fantastic opportunity to clear some unwanted stock to make room for newer lines. No matter what you sell, there will be a charity happy to accept what you are giving.
If you sell pet accessories you could donate to an animal shelter, clothing retailers could get rid of their end of line products to a charity shop, and even charity shops could donate stock to other charity shops if the stock was more appropriate.
Offer services to charities
Charities are always looking for something to give as part of a fundraiser. If giving money or stock proves too costly, you could consider offering vouchers to a charity raffle. If your local charities come looking for donations, why not donate vouchers or offers to be used in your shop. This can open the door to a new regular customer.
Digital collection boxes
Not only can you have a collection box on your counter, you can also have a digital collection that processes a donation for a charity via a card reader on top of the amount to be paid. Customers can make a choice whether to donate or not, with an amount appearing on the screen. Donations can even be a low as 1p.
Several companies use the digital collection company, Pennies, such as Fulham Football Club, Travelodge and Virgin Holidays, and retailers including The Entertainer, Screwfix and The Fragrance Shop. Pennies estimated that if every card holder in the UK donated 30p a month, this would raise an extra £175 million for UK charities.
Retail Insurance from Premier BusinessCare
It can be difficult to define a retailer due to the huge variety of business in the retail business. Premier BusinessCare can offer a standard shop insurance policy, but we also have experience in arranging retail insurance for many other businesses.
Speak to one of our trained insurance experts who can give you advice on the insurance policy that best suits your business.
Compare business insurance
The information and tools contained in this guide are of a general informational nature and should not be relied upon as being suitable for any specific set of circumstances. We have used reasonable endeavours to ensure the accuracy and completeness of the contents but the information and tools do not constitute professional advice and must not be relied upon as such. To the extent permitted by law, we do not accept responsibility for any loss which may arise from reliance on the information or tools in our Knowledge Centre.