PrintWorks – Raffle Fundraising Ideas and Tips
Are you planning on hosting a raffle event to raise money for your organization? Here are some raffle fundraising ideas and tips to help you get started!
Rules and Regulations:
Before you start, read up on your state’s raffle laws. There are regulations and tax laws that non-profit groups need to follow, so take a look here to make sure you are following the correct procedures.
Ideas for Raffle Prizes:
- Cash Prize
You can set an amount, or do a 50/50 raffle where the winner gets half of the money raised
- Sports Tickets
Tickets to a big game or season tickets
- Event Tickets
Tickets to a new movie, a broadway show, or a concert
Round trip airfare, a cruise, or hotel stays
Skiing, sky diving, zip lining
- Gift Baskets
Wine, food, beauty products
Flat screen TV, tablets, watches
- Gift Cards
Local restaurants, hotels, a shopping spree
- Mystery Box
Fill a box with goods but keep it a surprise
Tip: Think about what you are fundraising for and try to find a prize related to it. For example, if you are raising money for a school football team, chances are the people who are willing to donate and support the team have some interest in football. Perhaps a good prize would be season tickets? Know your demographic – think about what type of people you want to sell tickets to, and what type of prize would appeal to them.
You may also want to offer secondary prizes. For example, maybe the first name picked gets the “grand prize” of round trip tickets to Hawaii, and the second and third names picked both get a $50 gift card to a local restaurant. This might help to create more sales because people feel they have a better chance of winning something, even if it’s not the grand prize.
Meeting Your Goal:
First, determine how much money you want to fundraise. Let’s say it’s $10,000.
Add the cost of the raffle prize to that. Let’s say it’s an item worth $5,000.
So the total amount you need to raise is $15,000 to make your desired profit.
Now divide the total amount by the ticket price… if you want to sell tickets for $50 a piece, you’ll need to sell 300 tickets. If you want to sell tickets for $25 a piece, you’ll need to sell 600 tickets.
Now you know how many tickets you will need to sell to meet your fundraising goal. Think about whether that goal is realistic for you, and adjust accordingly.
Tip: Raffle sales tend to do better when you sell them at another event like a school fair or a sports game.
Creating Your Raffle Tickets:
To help you streamline the process of creating your tickets, we offer cardstock raffle tickets with a removable stub. There are two formats to choose from, either 4 tickets or 8 tickets per sheet. Head over to our templates page to download the template and customize your tickets with your logo, prizes, event details, and any other information you’d like to include.