Perhaps the simplest of all fundraisers, the 50/50 raffle is easy to run and you don't require very many volunteers to run it.
The 50/50 raffle’s prize is built into the ticket price. The premise is essentially that the total amount earned by ticket sales is split evenly between the raffle winner and the organisation for which it’s been organised.
Because total raffle ticket sales are shared equally by the cause and lucky winner, the 50/50 raffle is not as big an earner as a traditional raffle. However, its return on investment can be good, and it takes far less time, people, and effort to put together.
Ticket prices are typically between £1 – £10, depending on whether your raffle draw is part of a larger fundraising event.
TIPS
- Ticket prices are typically between £1 – £10, depending on whether your raffle draw is part of a larger fundraising event.
- Encourage raffle ticket buyers with an incentive, such as a reduced per ticket price for the purchase of multiple tickets—after all, the more people who purchase, the larger the prize and corresponding donation will be
- Keep ticket sellers up to date of how much money has been generated so far—a growing prize is a more enticing one
- Increase your ticket sales reach by offering members the option to purchase tickets online
Note
Check with your local authority for any licensing or approval that is required.