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Sep 25, 2024 · A 50/50 raffle is a simple fundraising tool to add to any event. All you need is an enthusiastic crowd, a group of volunteers, and raffle tickets. 50/50 raffle ticket prices can range from $1 to $20 to encourage attendees to purchase more than one.
- What Is A 50/50 Raffle?
- Benefits of 50/50 Raffles
- Who Should Hold A 50/50 Fundraising Raffle?
- What Are Some Good Candidates For Raffle Prizes?
- Reasons to Take Your 50/50 Charity Raffle Online
- How to Price Raffle Tickets For A 50/50 Drawing
- Using CauseVox Ticketing For 50/50 Raffles
- Marketing Your 50/50 Raffle
- Know The Rules – Legal Considerations For 50/50 Raffles
- Alternatives & Additions to 50/50 Raffles
A 50/50 raffle works just like any other raffle where participants purchase tickets for a chance to win a prize if their name is drawn. The difference is with a 50/50 raffle, you can skip the prize procurement process. Instead, the prize is half of the gross proceeds (aka the amount raised through ticket sales). For example, if you sold 1,000 ticke...
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. The prize is the pool itself. 50/50 raffles are also extremely versatile. They can be held at any time during the year as a...
The thing about 50/50 raffles is that they’re a great option for any organization – nonprofits, churches, schools, fire departments, youth groups, etc. – large or small. For grassroots organizations with a shoestring budget or a one-person fundraising team, a 50/50 fundraising raffle may be particularly appealing due to the low-barrier to entry and...
Anyone, and we literally mean anyone, can be a good candidate for a 50/50 raffle. Reach out to your board members, staff, donors, volunteers, and social media followers. For someone to participate, all you need is their ticket purchases, name, and a way to reach them if they’re selected!
With virtual events growing in popularity, a 50/50 raffle can be contactless and run entirely online, which means that you don’t have to print and manage physical raffle tickets. Rain or shine, virtual charity raffles also means you can reach more people no matter where they are geographically. In addition, you can accept digital payment (digital w...
The goal of any 50/50 raffle is to sell as many tickets as possible, at a fixed rate. You might be wondering then, how much should each ticket be priced at? Ticket prices typically start at $1 but can go up to $5 or $10 depending on your target participant and your overall fundraising goal. If you’re unsure of what to price your raffle tickets, thi...
A successful online raffle hinges on having the right tools. With CauseVox Ticketing, we’ll get your 50/50 raffle up and running in no time. Our integrated ticketing system is a mobile-optimized 3-step form that: 1. Allows you to set multiple ticketing tiers and quantities. 2. Pulls supporters to a single campaign site to purchase tickets with a fr...
Since you’re not having to handle physical tickets or procure a prize, you can allocate this time to marketing! To generate buzz around your 50/50 raffle, we recommend: 1. Routinely updating your supporters on how much has been raised. The higher the total pool, the more the winner gets. Include a visual element like a fundraising thermometerto ram...
In the eyes of the Internal Revenue Service (IRS), raffles are considered “legalized games of chance”, otherwise known as a form of lottery. As such, it’s important to understand the rules and regulations so that you’re protected from any unintended consequences. You don’t want to jeopardize your nonprofit status or have the IRS knocking on your do...
If you want to put a twist on your 50/50 raffle consider having more than one winner. For instance, if the total pot was $10,000, a grand prize winner could win $2,500, a second place winner could get $1,500, and a third winner would pick up the remaining $500. By using a multi-winner model, you can incentivize donors to give more since they have m...
Discover 15 innovative strategies to elevate your 50/50 raffle fundraiser game and maximize your nonprofit's impact. From boosting ticket sales to engaging your community, uncover actionable ideas to take your fundraising efforts to new heights.
- 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.
Read on to find out more about what a virtual 50/50 raffle is, how an online 50/50 raffle works, what makes 50/50 raffles so great, and how you can create a virtual 50/50 raffle with ease using the RallyUp platform.
Jul 13, 2013 · Running a 50/50 raffle itself is incredibly simple. Plus, it's a great way to provide events to team members or employees that are self funded, but that those who don't want to participate don't feel pressured to donate to. To run a 50/50 raffle: Purchase a roll of raffle tickets from a local party supply shop or dollar store.
People also ask
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Can you sell 50/50 raffle tickets online?
At its core, a 50/50 raffle is a fundraising technique that involves the sale of tickets to participants, with the proceeds from ticket sales divided evenly between the organization hosting the event and one lucky ticket holder.
