Pricing raffle tickets

Many factors go into properly pricing raffle tickets. Here are a few things to think about before pricing your raffle tickets:

1.What is the value of the prize?

2. What price range are your potential donors willing to donate?

3.Will the ticket price allow you to reach your goal?

Let’s look at an example: The ABC School wants to raise $50,000. The ABC School has 500 families and anticipates selling ticket packages to 1,500 different donors. A simple math equation will tell you if everyone of the 1,500 donors buys only 1 ticket, you will need to charge $33 a ticket ($50,000/1,500=$33). Depending on the prize you may feel $33 is too steep for your donors. So lets take a look as a simple resolution; volume packages.

It is always beneficial to offer volume packages. Most donors when viewing a fundraising page with 5 different raffle packages tend to purchase the second or middle package. If the ABC School were to charge $20 for 1 ticket, 3 for $50, 6 for $80, 10 for $100 20 for $150 they can still easily reach their goal because many donors will elect to increase their donation above the bottom option.

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The Ultimate Kansas City Chiefs Experience

Raffle Ready is proud to announce our latest raffle opportunity! Raffle Ready has the privilege of assisting the Andrew J. Somora Foundation raffle. The prizes are top notch- Tickets to the Kansas City Chiefs home game against the San Diego Chargers on November 24, 2013. With a whopping 10 game tickets and tailgating up to 50 people, we’re calling it, “The Ultimate Kansas City Chiefs Experience.” The 10 tickets are located in the lower level section 122, rows 34 and 35. The tailgate for up to 50 people includes a KC Chiefs tailgate bus, catered BBQ meal, various types of drinks and additionally waitresses to serve the food and drinks and last but certainly not least cheerleaders available for photos.

Aside from the raffle itself, we are even more ecstatic to be working with such a great foundation, which supports such a great cause. The Andrew J. Somora Foundation was formed in December 2011 in order to provide financial assistance to those battling colon cancer in the Kansas City area.

Raffle Ready is a online fundraising company dedicated to providing turnkey easy-to-use raffles that will help your nonprofit save time, manage your results and raise more money.

 Buy your raffle tickets today, before it’s too late!!

Visit this Ultimate Kansas City Chief Experience Raffle official website: https://ajs.raffleready.com/the-ultimate-kansas-city-chiefs-experience

Visit the Andrew J. Somora Foundation official website:  www.AndrewJSomoraFoundation.com

Visit Raffle Ready’s official website: https://raffleready.com

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Leveraging technology to run a successful raffle with Raffle Ready

Image                                   Although there are still many traditional-style raffles which use tickets and a hat, organizations can benefit much more from a technologically advanced raffle. These nonprofits must take advantage of the new technologies that are available to them in today’s highly advanced society. Fundraising becomes a lot more profitable when using technology over traditional raffle techniques.

 

 To point out the flaws of a traditional nonprofit raffle, two main ideas come to mind. The first flaw is banquets/galas/golf outings. Most organizations only conduct raffles during these events, which requires a high number of volunteers to assist with the raffles during an already busy event. These organizations should realize that this is the least effective way to generate profit, they should spend their valuable time before the event promoting their raffle webpage to potential donors that can’t make it to the event; rather then conducting one to only target event attendees who already spent money to attend. The second biggest flaw with traditional raffles is the process of selling the ticket stubs. Anyone who has ever been associated with the process of creating a raffle knows how difficult it is to keep track of the ticket sales. Whether it’s the number of tickets being sold, distributed, or the prizes and cash/checks/credit card processing. All nonprofit organizations whom leverage technology and the right raffle software, have all of the management and tracking work done for them. This allows nonprofits to reach goals they never thought possible. The http://www.raffleready.com Technology will automatically keep track of the tickets sold and all the other important information an organization needs to know while they are running a raffle.

 

Apart from those two major flaws, their are also a ton of advantages for an online raffle. First of all, the online ticket delivery and thank you letter is automated with the donors information and ticket number. After purchasing tickets online, you can instantly print them out, or even send your tickets via email. Additionally most customers are required to fill out their personal information and give out their email address. This is a major advantage for raffle organizations because it gives future promotional opportunities between the organization and the donors. There’s simply too many reasons for organizations to run their raffles online using the new technology that is offered in today’s world, rather then limiting themselves and their customers to traditional, slow-moving, unproductive raffles.