Raffle Ticket Fundraising
Raffle fundraising is probably one of the easiest activities to implement, and one of the most rewarding financially if done well. A raffle is a competition where people buy numbered tickets and each one has a chance of winning a prize. At a pre-determined date, the winning tickets are drawn from a bucket, and each person with the corresponding ticket wins a certain prize. A raffle usually has one major prize, then a number of minor prizes, however different raffle ideas can vary.
The prizes can be purchased the raffle so make sure you include this in your budget. Obviously all the money you make after the prizes are paid for will be total profit. It is important to organise high quality prizes to maximise the likelihood of people buying tickets.
When undertaking raffle fundraising it is also important to select prizes that will be relevant to your sales targets. For example, if you are selling most raffle tickets to senior citizens you don't want first prize to be a sky diving lesson. Know your audience, and ensure the prizes suit the raffle buyers.
