Schoola: Daily Deals for School Fundraising
Schoola is a new site enabling schools to raise money from daily deals run by big and local businesses. “School parents can approach the local businesses they already frequent about offering a deal through the Schoola platform. If the business accepts, it can then determine what percentage of each deal sold will go back to the school — Schoola recommends businesses give back 15%, but says schools have earned as much as 85% of proceeds.” Unlike Groupon, which has to shell out a good deal of money on its sales staff, Schoola’s deal brokers are parents. Schoola takes a 15 percent cut from the money raised. The site launched last month and already has 10,000 schools signed up. Schoola is hoping that its business model will give schools a better way to raise funds, especially during a time when funding is being cut. (Fast Company)
