Milk-flavouring straw brand Sipahh is taking on Australia's fundraising market with a product it says is healther and higher margin than alternative options.
Schools, clubs and community organisations will be able to raise funds through the sale of the popular product by partnering with Sipahh Fundraising Ventures.
Sipahh's marketing manager Georgie Scott said the company was aware that fundraising committees operated similarly to target-driven small businesses.
“They focus on fundraising efforts as a serious concern and work hard to achieve outcomes," she said. "If a school sells 200 crates, it will make $4400.
“That could air-condition a classroom or buy materials to create an edible garden, sports equipment or musical instruments.”
Sipahh gives the option of a Fundraising Crate for drives, and a Milk Bar with straws for events.
The company claims to offer a healthier alternative to many other fundraising options, with a higher profit margin of 46 per cent.
"Fundraisers selling a box of chocolates usually have to sell 50 chocolates to make a profit of $20 per box,” Scott said.
“With the Fundraising Crate, fundraisers need to sell 24 four-packs for an easy gold coin donation of $2 per pack to make a profit of $22 per crate.
"Sipahh inspires early ingenuity and returns healthy profits in a portion-controlled product which is quick and easy to order online.”
Scott expected the fundraising product to become a major focus of Sipahh's core business.
"We conducted extensive research into the fundraising market, looked at available products and analysed their profit margins - and specifically devised a higher-return product," she said.
