| 50-50-
Raffle
50-50
raffles simply involve the sale of raffle tickets with the proceeds
being split evenly between the winner and your organization. Many clubs
include a 50-50 raffle at all their regular monthly meetings. Tickets
are sold throughout the 'get acquainted' or informal portion of the
meeting. The profits can be earmarked for an individual ongoing project,
or included with other funds raised for your main charitable goal.
Your only expense
is the raffle tickets (a double ticket roll, a single ticket roll that
you tear in half or a board with the numbers for sale). Winners are
always happy with a cash prize. All you need is one or more ticket sellers.
Raffle tickets normally sell for $1 a piece, with an incentive for multiple
purchases such as 3 tickets for $2, or 5 tickets for $4, etc. Using
a price incentive for multiple tickets can often increase your total
sales and builds a larger 'pot' to split with the lucky winner.
All ticket stubs
(or duplicate tickets or numbers, depending on your style of raffle
tickets) are placed in a hat or other container from which one lucky
number is drawn. The 'take' is tallied and one-half awarded to the holder
of the lucky number. The drawing is normally held toward the end of
the meeting or event, and the lucky number holder must be present to
win. If not claimed within a set time limit which can be as short as
a minute or two, a second number is drawn and awarded the prize. Generally
speaking, the larger the prize, the longer time allowed for the original
winner to claim his or her prize. At a large function, with a sizeable
pool of money expected, multiple prizes of perhaps $100 or more could
be awarded. Whatever the prize split, it should be determined ahead
of time and used as a sales incentive. (i.e. "Buy a $1 ticket and
get 5 chances to win $100). You can also consider a 60-40, 70-30 split,
etc but 50-50 seems to be the most popular split.
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