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Raising Money To Support: Soon after his arrival he united with the Baptists and in 1813 he returned to America to adjust his relations with the board. He then began his labors among the Baptist churches, awakening their interest in foreign missions and raising money to support the work. He was also deeply interested in • ministerial education and was instrumental in founding Coh bian College, Washington, D.C. He was tre urer of the college and worked energetically raising funds for it; and he was also engaj as a missionary agent. He was noted for sermons and was highly influential in the B list denomination.
GRESHAM'S LAW, gresh'amz, in economics, is usually stated as "bad money drives out good." The law stems from the fact that money has a value both as money and as a commodity in the open market. The former value is set arbitrarily by law and is relatively fixed; the latter is determined by supply and demand and varies from time to time, "Good money" has a higher value as a commodity than as money and will disappear from circulation.
Typically, you may spend from three to eight percent of your gross on advertising. Keep in mind that the commitment to spend the money over the entire year is much more important than the amount of money you allocate toward advertising. Nothing will waste money faster than to spend a large amount of money in the beginning of the campaign, and when results are not immediately forthcoming, to pull back and stop advertising.
Spend your money according to your plan. Make some adjustments during the year to fine tune your efforts, but keep at it for the rest of the year. You will be surprised how this commitment to results will pay off despite some temporary misgivings. |
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