Posts Tagged ‘prize’

Raffle Prize Ideas Over $100

Friday, July 15th, 2011

If you can afford to spend over $100 on a raffle prize, congratulations! You should have no problem offering a prize that will tempt people to buy your raffle tickets. There are of course almost a limitless number of possibilities once you get up into higher budget brackets, but here are just a few ideas, some that are not too far-fetched, and some really luxurious prizes.

  • Cash—Who can resist a hefty cash prize? Paying even as much as $10 for a raffle ticket when you might be rewarded with $500 doesn’t sound like such a bad idea. If you offer a large cash prize and are going to be charging a fair amount for tickets, though, make sure to offer some smaller, runner-up prizes, too.
  • Computers—Computers or computer peripherals make great prizes. A brand new laptop sounds good to just about any demographic. To really lure ticket buyers, consider raffling off some of the newest tech, like an iPad. It’s something many people wouldn’t buy outright, but would love to win.
  • Electronics—There are of course many other types of electronics you can raffle as well. Smart phones, GPS devices, ebook readers and MP3 players are just a few of your options.
  • Event tickets–We mentioned event tickets in our post on raffle prizes under $100, but if your budget’s a little bigger you can get tickets to more expensive events or offer premium seats or elite access.
  • Travel—And now we get into REALLY premium prizes. Travel is of course a popular prize for many types of contests. You could pick a popular destination such as Hawaii, a unique experience like an overnight train trip down the Pacific coast, or an adventurous getaway like a whitewater rafting trip in the Grand Canyon. The key here is to know your audience and pick an appropriate prize.
  • Cars—If you want to offer a car as a raffle prize, it’s going to involve some serious money or a very generous donation. You’ll also have to weave your way through the vagaries of tax law. So you’ll need to consider carefully before opting for this one.
  • Houses—A dream house of course couldn’t be left off the list. They’re very popular prizes these days and bound to draw ticket buyers. However, house raffles can be even more problematic than car raffles, and many states have specific laws about this particular prize.

Whether you decide to raffle off a house or a computer, there are bound to be people who won’t be particularly interested in that specific prize, no matter how much it’s worth. So our final word of advice is to offer a cash option to your winners.

Raffle Prize Ideas Under $100

Wednesday, June 29th, 2011

When you hit the $100 range for your prize budget, you can offer some really attractive items. Here are just a few of the awesome things you can offer to tempt people to buy your raffle tickets.

  • Small Appliances–Almost any group of potential raffle ticket buyers is likely to have some gourmands or home chefs in it. That makes small appliances a great prize idea for almost any organization running a raffle. I know I’d buy a ticket for a chance at a cappuccino machine, breadmaker or juicer.
  • Jewelry/Watches–If you’re organization’s audience is largely female, go for some nice jewelry. If male, opt for a watch. There are plenty of beautiful options out there for either that will keep you under $100, from pearl earrings to diamond pendants to Seiko watches.
  • Electronics–There are lots of cool gadgets and electronic accessories out there in this price range. Some options include iPod docks, mini camcorders and even some Blu-Ray players.
  • Tools–If you’ve got a do-it-yourselfer audience, tools are an ideal idea. Check out power drills, dremels and soldering equipment, all within your budget.
  • Cookware–Some deluxe cookware makes a nice addition to anyone’s kitchen. Appeal to your audience with cookware sets, canners, dutch ovens and griddles galore!

If none of these strike your fancy, see our posts on prizes in the $25 and $50 ranges as well.

Raffle Prize Ideas Under $50

Wednesday, June 15th, 2011

$50 is a great target price for a raffle prize if you’re running a smaller raffle or want to offer numerous prizes. It allows you to buy one relatively nice single item, or combine a few different things into a prize package. If bundling, take a look at our post on Raffle Prize Ideas Under $25 for suggestions.

  • Gift Baskets—If you’ve got at least $50 to play with, you can put together a very nice gift basket. Some ideas for themes include bath and body products, baby care items, food, school supplies, makeup, gourmet food and kitchen gear.
  • Tools/Supplies—This one’s closely related to gift baskets. If the people you’ll be selling most of your raffle tickets to have a similar hobby or profession, put together a collection of tools or supplies that appeals specifically to them. For instance, if you’re holding an art fundraiser, bundle together some brushes, pastels or other art supplies.
  • Games/Board Games—Many computer, board and other games are available for under $50. Even the most popular board games, such as Settlers of Catan, won’t blow your budget.
  • DVD Box Sets—You can get almost any TV series box set and some movie trilogies for under $50. HBO in particular has some great miniseries available.
  • Software—There’s some great software out there in this price range. Go for fun or go for useful. For the former, check out things like Living Cookbook, Family Tree Maker or The Complete National Geographic. The latest addition of Quicken, Norton AntiVirus or TurboTax would be good for the latter.
  • Gift Cards—Gift cards continue to be great at any price range. $50 could get someone a nice dinner for two or a super nice dinner for one!

Concert Tickets

Wednesday, June 1st, 2011

This weekend I’m heading to see my favorite band in concert, and guess how I got the tickets? Yep, that’s right, a raffle. I’m ecstatic, because the concert was completely sold out. This is the first time I’ll have been to see them play in three years. I would have paid way more than the $5 I did for the raffle ticket.

This is why concert tickets (or event tickets of any type, for that matter) make such a fantastic raffle prize. If you’re located anywhere near a major city, there’s bound to be some concert or event that people are interested in going on at any time. You can pick the event to fit the group of people you plan to sell tickets to. Classical music, rock concerts, folk festivals—you name it. If you plan your raffle far enough in advance, you can buy tickets that will be sold out by the time it rolls around, and people will jump at the chance to win.

Even if the tickets are for a concert that’s not likely to sell out, people will buy them for a chance at a fun weekend they wouldn’t pay full price for. Throw in VIP passes to sweeten the deal if you think it needs it. Depending on the band or event, the organizers might even be willing to donate tickets for a good cause, or at least the VIP passes.

Raffle Prize Ideas Under $25

Wednesday, May 25th, 2011

Raffle prizes don’t have to be expensive. Yes, it’s fantastic if you can afford to raffle off a car, a house or a large amount of cash. But there are plenty of great prize ideas for every raffle budget. This is the first in a series of posts giving suggestions for raffle prizes for specific budgets. Here are some great suggestions for prizes under $25:

  • Movie Tickets–A pair of tickets to a nearby movie theater makes a great raffle prize. Offer tickets to a specific movie if you know your audience well enough or buy an open-ended pass that the winner can use to see a movie of his choice.
  • DVD–If you choose a DVD for a prize, the winner can continue to enjoy it year after year. To make the prize feel a little more substantial, throw in some candy or microwave popcorn.
  • Gift Certificates–You can raffle gift certificates to restaurants, stores or local attractions. When choosing among your options, make sure that the amount you put on the card will buy the winner something substantial. In other words, don’t raffle off a $25 gift certificate to a restaurant that charges $40 for an entree.
  • Toys–Toys are a particularly good prize if your raising money for anything having to do with kids. They’re also particularly attractive to ticket buyers around the holidays. Find out what the latest fads are (silly bands were popular recently) and tempt those parents!
  • Books–Books can be expensive these days, so if you buy new you may only be able to offer one and still keep the price under $25. However, you can often find second-hand books that look just like new at used book stores or online. Choose a theme and offer a few as a package.
  • Alcohol–Most adults would enjoy a good bottle of wine, beer or liquor as a prize. You can get a very nice bottle of domestic wine for under $25, almost any six pack of beer and many bottles of spirits.

Whatever prize you choose, don’t forget that frequently businesses are willing to donate to a good cause. It doesn’t hurt to ask before shelling out the cash. If someone does donate, don’t forget to give them credit on your raffle tickets!

Taxes on Raffle Prizes

Tuesday, May 10th, 2011

So that $5 raffle ticket really paid off and you’ve won a really valuable raffle prize—money, a car, a house. Congratulations! However, be aware that that raffle prize can bite you in the rear come tax time if you haven’t accounted for it. Believe it or not, raffle prizes are taxable, and when the prize is a big one, the amount you owe can come as quite a surprise.

Now we certainly don’t mean to rain on your parade. We want you to enjoy that prize to the fullest! But the best way to do that is by being fully aware of all the financial implications from the start. Otherwise that parade is likely to end in a thunderstorm come April. Money and prizes won through raffles count as gambling proceeds and must be reported on Form 1040. Of course, sometimes organizations will pay the taxes due as part of a prize, in which case, you’re in luck!

Why Do Raffles Work?

Tuesday, May 3rd, 2011

Raffles are a very simple thing, really. One person pays another person money to gain the possibility of obtaining a prize. But why does this work? Why would anyone ever give good money just for the CHANCE to receive something in return, when you’re guaranteed to obtain something for that same money if you take it to a store? There are at least two strong desires that motivate people to spend money on raffle tickets: a desire to beat the system and a desire for excitement.

First, almost everyone relishes the idea of beating the system. The possibility of getting more than you pay for is hugely attractive people and is the motivation behind many behaviors. People will stand in line overnight to win free food at a Chick-fil-A. Others will buy products that they have no use for just because they have a fantastic coupon in hand. The same motivation sometimes drives people to buy raffle tickets. They’ll gladly pay $10 for a one-in-a-million chance at winning a new house, even though they know they’ll probably never see a return on that money. Just the possibility of getting a house for $10 is overwhelmingly exciting.

And that brings us to reason number two for why raffles work: excitement. The truth is that a lot of people find life very mundane. There’s nothing exciting about going to the store and paying $100 for a vacuum cleaner. But turn that same vacuum cleaner into a raffle prize and add the suspense of having to win it, all of a sudden it’s a lot more interesting. Plus, when you do win, you feel special—like you’ve somehow beaten everyone else.

Double Win for Police Association Raffle

Monday, December 20th, 2010

Loving this story today. The Centralia Police Officers Association recently raffled off a truck in hopes of raising a small amount of money. But guess what? The man who won the truck (a business owner from out of town) donated it right back! That’s right–not only did they get some money by selling their raffle tickets, but they got to keep the truck for their own use in the community. That’s some serious generosity on the part of the towing company owner who won the raffle.

I really love this idea. I like to buy raffle tickets from charities when I can afford it. They don’t usually cost any more than $20 at most, so I’m not really out much when I don’t win (and who ever expects to?). But say I did win a prize from an organization that I really cared about? It never would have occurred to me to donate the prize right back, but what a great thing it would be. Say the prize is worth something like $1000 (or even more like the truck in this story). That’s like being able to donate all of that money to a cause that I care about for only $20. It doesn’t hurt my budget, and could do so much for an NPO.

Instant Wine Cellar Raffle

Monday, December 13th, 2010

I just saw an article about a raffle going on in my hometown that I think is a fantastic idea: an instant wine cellar raffle. They’re raffling off two cases of premium wine to the lucky grand prize winner, plus a couple gift certificates to a local restaurant for runners up. As a wine-lover myself, I can’t think of a more fun prize to hop for for the holidays. One $5 raffle ticket, and I could create a wine cellar in one day.

And not only is this a fun idea for a prize, but it is totally customizable to your organization’s budget. If you have a good amount of money to lay out initially on prizes, you can either increase the number of bottles of wine included in the prize or buy better quality wines. Or, you could offer more prizes, so that more ticket holders have a chance at winning. If you’re lucky, you can even find individuals willing to donate a bottle of wine each toward the prize.

Attention Sports Fans!

Monday, November 1st, 2010

Just in case there are any Lakers fans out there who haven’t heard yet (perhaps you were in a cave all weekend?), Ron Artest is raffling off his 2010 NBA Championship ring! Artest announced the raffle last Wednesday night on Larry King Live, and the raffle winner will be chosen on Christmas day, December 25. The announcement was followed by a record-breaking $120,000 of ticket sales in just 24 hours. You can buy tickets on Artest’s own site, www.ronartest.com, or an alternate site set up by CNN, www.netraffle.org. (The alternate site was apparently set up because Artest’s site crashed with the heavy inflow of traffic!)

Tickets for the Win My Bling raffle cost only $2.00 and the proceeds will fund mental health services for youths who can’t afford the care. Artest has been a celebrity supporter of making mental health services more easily available ever since apologizing for a fan/player brawl he was involved in in 2005. In that apology, he publicly thanked his psychiatrist for the help he’d received. This raffle therefore appears to be part PR, part personal. In any case, don’t miss out on a once-in-a-lifetime chance for a Lakers’ fan.