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How to Ask Rich People for Money

How to Ask Rich People for Money PhotoAffluent individuals are in search for investments and there are many of them that engage in philanthropic activities. When you have a good proposal that benefits especially the less fortunate ones, you can ask rich people for money. However, you need to make sure that it is a worthwhile endeavor.

Write a formal letter

A formal letter is a better and more effective idea than an email. You’ll have to handle the situation in a professional manner so that the person will know that you are sincere on the matter that you want him or her to consider. The letter should be properly addressed to the person that you intend to give the letter to. Avoid writing lies just to convince the reader. You have to tell the truth and that you should be polite as well.

Discuss the need

When you make the letter, write the nature of your concern and the kind of help that you want from the rich person that you are writing to. The rich people, just like others, want to be respected. Hence, you should be able to come up with a letter that is not demanding but one that just details your concerns so that the reader will be able to understand and sympathize on the situation requiring his or her help.

Give detailed information

Provide detailed information of how you will use the money that you receive from the wealthy person. You will have a more persuasive request when you can provide a prospectus for expenditure of the money.

Look presentable for the interview

If you will be called for an interview, you need to look presentable since the rich people will trust you when you dress like you’re a successful person. If you look like you are in desperate need of money, the wealthy person will find the proposal less attractive.

Keep in touch with the giver

It is important that you continue to communicate with the person who has given you the funds that you require. This is like entering into a work relationship with the benefactor and they will highly appreciate it if you give them updates regarding the things accomplished from the money given to you.

You need to be able to maintain a good relationship with him or her. When the project that you took care of becomes successful, then the benefactor can help you for other projects that you’ll have in the future.

For you to be able to get more help, since you cannot really ask for a big sum of money from one person, then you can write to other millionaires out there. Look for the names of rich people and know their contact information and also their mailing addresses so that you can write and ask help from them. If you are able to get money, regardless of amount, don’t forget to send a thank-you note to the benefactor.