Browse Our Categories

     


 




40+ New Revenue Sources for Libraries and Nonprofits
Edmund A. Rossman III
Item Number: 978-0-8389-1438-0
 
Publisher: ALA Editions
Price: $65.00
 
 
 
Email Friend
 
  Order Options:  
 
  Qty:  
 
  Add To Cart  
 
  Add To Wish List  
 

248 pages
8.5" x 11"
Softcover
ISBN-13: 978-0-8389-1438-0
Year Published: 2016
AP Categories: A, C

Read a sample of the book now!




In recent years, levies, grants, and other traditional sources of library funding have stagnated or even been scaled back. But as they’ve already done in other areas, libraries can take an innovative, proactive approach to funding. Change creates opportunities, and the ability to see and exploit opportunities is what creates new revenue streams, which can help maintain and enhance library services. Offering step-by-step guidance, in this book Rossman shares more than 40 revenue-generating methods to bolster the library’s bottom line. Through plentiful examples, interviews, and implementation exercises this book
  • discusses the current context of funding for libraries and non-profits, using the history of Public Broadcasting as a positive role model for libraries;
  • examines how general market features from the worlds of advertising and broadcasting, such as location, traffic, the right cluster of skills, and technology, apply to the library environment;
  • demonstrates how to utilize these market features in the most professional and efficient manner to build new revenue streams;
  • walks readers through numerous plans for raising revenue from memorial considerations, one-time events like art shows and athletic competitions, naming rights and sponsorships for permanent resources such as buildings and rooms, location specific promotions, online crowd-funding, establishing passport services, and many more;
  • provides guidelines of how to establish value, craft board policies, and write comprehensive contracts using a toolkit approach that will make the sales process more efficient; and
  • shows library boards and management how to address sensitive issues such as name changes, unforeseen bankruptcy or “disgraceful” situations with a sponsor, community concerns about “selling out,” and the use of technology for appeals.
Libraries can use this book’s to-the-point guidance to quickly develop plans that support financial stability and better library service.
Table of Contents

Acknowledgments
Introduction


Part I: Foundational Chapters

Chapter 1    Current Context of Library Funding Issues and Problems
Chapter 2    Nonprofit Lessons from Public Broadcasting
Chapter 3    Borrowing from Broadcasting: Definitions and Concepts for Generating Revenue
Chapter 4     Establishing Value, Statistical Reports, and Targeting Prospects
Chapter 5    Legal and Board Policy Considerations
Chapter 6    Contracts and Procedures
Chapter 7    Promotions: Getting the Word Out
Chapter 8    Impact of Technology: Internet and Social Media
Chapter 9    Grants and Community Partnerships

Part II: Revenue-Generating Methods Mini-Chapters

Advertising, Acknowledgments, and Underwriting––General Concepts
1.    Advertising in Newsletters
2.    Advertising on Websites
3.    Advertising in Podcasts and Other Internet Streaming Technology
4.    Advertising in Program Rebroadcasts and Cable Streaming
5.    Advertising in Calendars and Special Publications
6.    Advertisig on Carousel Screens (Digital Signage)
7.    Art Show—Sales
8.    Athletic Competitions
9.    Author Sales
Books and Materials—General Concepts
10.    Book and Resource Plates
11.    Book Sales—Community
12.    Book Sales—Third Party
13.    Cell Tower Leasing
14.    Charging Stations
15.    Crowdfunding
16.    Equipment Rental
17.    Event and Program Sponsorship
18.    Facility or Room Rental
19.    50-50 Raffles
20.    Gift Shop Sales
21.    Matching Grants and Donation Challenges
22.    Medical Services Partnerships
23.    Meeting Services
Naming Rights—General Concepts
24.    Naming Rights—Building
25.    Naming Rights—Collection Areas
26.    Naming Rights—Furniture
27.    Naming Rights—Materials
28.    Naming Rights—Rooms
29.    Naming Rights—Own a Day
30.    Passports
31.    Publishing
32.    Receipts
33.    Recycling
34.    Software Application Development
Sponsorships—General Concepts
35.    Sponsorship—Collection Areas
36.    Sponsorship—Furniture
37.    Sponsorship—Materials
38.    Sponsorship—Rooms
39.    Third-Party Products and Services
40.    Tutoring
41.    Vending Machines
42.    Vendor Shows
Conclusion
Appendix—The Money Matrix
Index

About the Author

Ed Rossman
has been involved with libraries and broadcasting since 1980. Currently he is an adult service librarian in Shaker Heights, Ohio, and is a member of and past chair of the Business Reference in Public Libraries committee of BRASS. He is the author of Castles Against Ignorance: How to Make Libraries Great Educational Environments (2006). He has taught courses on the internet and mass media for the Kent State School of Journalism, and is currently teaching online courses on Business Writing for libraries at Kent State University’s School of Library and Information Science. As a business manager of radio stations in two major markets, he coordinated dozens of sponsorship campaigns, as well as produced over 200 hours of sponsored specialty programming.
Reviews

”In several chapters, he guides librarians through the challenges of fundraising with today's economic realities, providing usable solutions, case studies, and thought-provoking exercises to facilitate strategic decision making for all stakeholders. Significantly, the author focuses on ideas that establish and communicate the value of library or nonprofit collateral, whether measured in the impact of advertising space, public programming, or educational outreach … This solid how-to guide functions as a workbook for anyone involved in library and nonprofit fundraising."
— Library Journal

”Each chapter is short but comprehensive, making what might be an overwhelming resource very approachable for even the most inexperienced library or fundraiser … Will be a most helpful guide for those looking to get the most bang for their buck. Highly recommended."
— The Voice for America’s Libraries

"In recent years, terms such as cost repositioning, budget reallocation, and asset reassignment have been used when adjusting financial, physical, and human capital to keep an organization operating through difficult economic times. Author Rossman has created a book that encourages libraries and other nonprofit organizations to have proactive responses to these terms of revenue stagnation.”
— Public Libraries

”This book takes a refreshing approach to one of the more complicated and uncomfortable aspects of librarianship and nonprofits in the current society: revenue generation. The author discusses these approaches through the lens of the broadcasting/ advertising method used for years by radio stations; this method is detailed in the book and will definitely arouse interest and hopefully imaginative ideas in relation to specific contexts and strategies."
— Reference Reviews

”Author Rossman has intimate experience in libraries and broadcasting over the last several decades and has coordinated dozens of sponsorship campaigns. In this book, he explains the changing landscape of fundraising and the need to foster an entrepreneurial spirit. Changes in philosophy, policy, and procedure will bring a proactive approach for building multiple new revenue sources to sustain and improve services … This volume will best be used by public library administrators and fiscal strategists, students of information sciences seeking trend developments, and librarians seeking alternative methods for fiscal growth. Nonprofit staff will also benefit from the philosophy and examples offered here.”
— ARBA
 
 

  Also of interest:  
 
 
 
Library Improvement Through Data Analytics
Item Number:  978-0-8389-1425-0
 
Designed to be useful for novices as well as those with a background in data, this book introduces the basics of the Six Sigma framework as a model that can be applied to a variety of library settings.
 
Price: $75.00
 
 
 
 
 
Five Steps of Outcome-Based Planning and Evaluation for Public Libraries
Item Number:  978-0-8389-1404-5
 
This concise book combines planning and evaluation in a holistic approach, helping public library managers and staff put library resources to work for the community.
 
Price: $38.00
 
 
 
 
 
Researching Prospective Donors: Get More Funding for Your Library
Item Number:  978-0-8389-1229-4
 
Hammerman, a successful prospect researcher, gives library directors, fundraisers, and board members all the tools they need to research individuals and their wealth in this guidebook.
 
Price: $65.00