Personally, I toss down at least $25 at these events. Would I buy a $25 ticket? Probably not, even if it did increase my odds..
I don't understand the logic behind that
Personally, I toss down at least $25 at these events. Would I buy a $25 ticket? Probably not, even if it did increase my odds..
So since were are on the subject of raffle tickets. Why is it that you can not buy tickets if you do not go? Not everyone can make it but I bet there a few out there that would still like to win a prize.
In the future I think we will do more raffle ticket "pre-sales" ahead of time. Steve might have more thoughts on that.
It sound to me like you guys are stuck on the $25.00 thing. Try it and see how many people buy a ticket. $25.00 is a lot of money to some people.
I know I rarely carry more than a $20 in my wallet because everywhere now takes debit.
If 75% of the people will buy 2 $5 tickets, you'll make less than if 50% of the people will buy 1 $25 ticket.
If 75% of the people will buy 2 $5 tickets, you'll make less than if 50% of the people will buy 1 $25 ticket.
It's not about doing something for the sponsors. It's 100% about generating the most revenue possible for the cause.
My .02We've been in situations where we have $2000 in product, and we only sell $500 in raffle tickets. We could just sell the stuff on ebay for a better return.