Holding a raffle is a wonderful way to create an event which can generate lots of money. This can either be for a charity or for a company who is looking at doing some fundraising to raise money for their cause, nevertheless, it is a great choice for any kind of business. There can be some issues which are faced when holding a raffle event, as it is not usually the same as the typical event such as a birthday party or wedding reception, with that in mind, take a look at some of the points below to ensure you know how to effectively hold a raffle.

 

Getting the Prizes

The most important step to take when holding a raffle is that you have a good set of prizes available for the winners of the raffle. You want to make sure that these are prizes that people will want to win, otherwise you will struggle to get many people purchasing tickets.  When it comes to purchasing the prizes, this can either be done by getting sponsors to offer the prizes as a donation, or the other option can be to purchase the prizes yourself. However, when choosing the latter option, it is important that you don’t overspend and ensure that you will still be able to raise a profit for your cause.

 

Promotion

The next important step to take is promoting your raffle so that people are aware that it is happening. This can be done in a variety of ways – but of course – it is important that you do this in the most cost effective way possible. Therefore, wristbands can be a great tool for this, and you can even choose to get creative with how this is done. For instance, if you use Tyvek wristbands, you can say to customers that if they keep it on and wear it to the event they will get a free raffle ticket.

 

Organising the Venue

When holding the raffle, it is important that you pick an adequate venue for the event. If it is a fundraiser, this will probably be more of a business event. Therefore, you will want to make sure that it is at a formal venue that has seating arrangements. Whereas, a charity event could be more effective in an outdoor space which can hold a larger number of people and maybe have some other activities for people to partake in.

 

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