There are a wide variety of options with regard to raffle prizes, from it expensive trips, and houses, to gift baskets and experiences, there are limitless possibilities. But what about changing it up completely and turning the very idea of a raffle prize on its head? Enter the reverse raffle.
What is a Reverse Raffle?
Well, at your event, you give out raffle tickets – for free! We know you’re asking, “How do you possibly make any money on a raffle where you give out free tickets?”. In a reverse raffle, the prize is something that people don’t want, so they pay you to take the ticket back!
Now, given that not everyone shares the same taste in prizes, you might want to consider something embarrassing for the winner. Perhaps they have to wear a costume and do a dance in front of everyone at the event, or perhaps they have to sing an embarrassing song. Generally, something along those lines will guarantee that most of the attendees will be eager to pay you to take their tickets.
You can also increase the amount of money you bring in if you increase how much each attendee has to pay to get rid of their tickets as the number of tickets in the drawing reduces. People will gladly pay more once they realize how great their chances of winning are!
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