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- Since the money raised is split between the winner and your cause, a 50/50 raffle might not raise as much as a traditional raffle. But the ROI (return on investment) is off the charts.
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May 31, 2022 · A 50/50 raffle is one of the simplest fundraising ideas with a reliable and proven ROI. Unlike a traditional raffle, there’s little to no upfront cost. With a 50/50 raffle, you don’t need to plan and purchase a physical prize.
Jan 18, 2024 · Since the money raised is split between the winner and your cause, a 50/50 raffle might not raise as much as a traditional raffle. But the ROI (return on investment) is off the charts. Printed raffle tickets are your only cost, but you can even offset that by lining up a sponsor to advertise on the back.
- Use a double raffle ticket roll. A double raffle ticket roll is where purchasers buy a raffle ticket and write their name, address, and phone number to leave it with the nonprofit to win.
- Choose a multi-winner model. Most 50/50 raffles choose one winner to split the pot with the nonprofit, but if you hope to get more people interested in purchasing a ticket, you may want to split the pot even further.
- Sell raffle tickets online for more outreach and money. Nonprofits should sell raffle tickets online by creating an online event page that is easy to market via social media and email marketing.
- Offer rewards to supporters promoting the raffle. Social media shares have the greatest impact on your fundraiser’s success. 50/50 raffles depend on greater participation.
Dec 23, 2023 · Low Overhead Costs: Unlike the traditional raffle that requires a raffle prize, a 50/50 raffle has virtually no overhead costs. The prize is a portion of the money raised, eliminating the need for an upfront investment in a prize.
Sep 25, 2024 · 50/50 raffles can help you raise more money at your in-person, hybrid, or virtual event. In addition to the ways we've already discussed, nonprofits can use the following ways to increase ticket sales or collect more funds.
Mar 28, 2021 · A 50/50 raffle splits the income from raffle ticket sales 50/50 with the winner or winners. That means that for every $1 spent on a ticket, $0.50 is retained by your nonprofit and $0.50 is offered as prize money.
As the name suggests, the 50/50 raffle divides the total revenue generated from ticket sales into two equal parts. Fifty percent of the funds go towards supporting the cause or organization hosting the event, while the remaining fifty percent forms the cash prize awarded to the lucky winner.
