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I have an idea but need some thoughts!!!

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I have a product i wish to sell, lets say a designer jacket that cost me £100.

I'll then put the advert on lets say ebay for example.

What I am selling are £1 token to buy the jacket.

At the end of the 5 day auction, I then invite everyone who purchased a token to my live webcam, where I will read everyones name out who purchased a token and drop into a hat. I will also contact everyone who has purchased a token via e-mail.

whoever I pick out of the hat gets the jacket for £1, I also pay for the postage and packaging.

It does not have to be a £100 jacket it could be a dab radio for £50 but I'm sure you know where I am coming from.

It would start of slow but with word of mouth, advertising etc, could it take off.

More importantly I am allowed to set something like this up.

thanks for reading.

Comments

  • claire80
    claire80 Posts: 320 Forumite
    Part of the Furniture Combo Breaker
    would this not be classed as a lottery/raffle and therfore need some sort of license ? i read something similar before i think, hopefully someone will know more than me !
    Making a change in 2013
  • davey79
    davey79 Posts: 37 Forumite
    Hi Claire, thanks for the reply, I was thinking the same thing but just need some more detail on the subject.
  • ohdamnit
    ohdamnit Posts: 140 Forumite
    It would be a lottery, therefore subject to the gaming commission. There are very specific rules, and you need a licence. Look at the commissions website, some good articles with clear details on what you can do.
  • soolin
    soolin Posts: 74,134 Ambassador
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Specifically disallowed on ebay and if you use any other platform you will need a license to run a raffle.

    http://pages.ebay.co.uk/help/policies/listing-bonus-prize-giveaway-raffle.html
    I’m a Forum Ambassador and I support the Forum Team on the eBay, Auctions, Car Boot & Jumble Sales, Boost Your Income, Praise, Vents & Warnings, Overseas Holidays & Travel Planning , UK Holidays, Days Out & Entertainments boards. If you need any help on these boards, do let me know.. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.All views are my own and not the official line of MoneySavingExpert.
  • SailorSam
    SailorSam Posts: 22,754 Forumite
    10,000 Posts Combo Breaker
    There have been lots of similar things tried when people are selling their houses and i don't think any have worked
    Liverpool is one of the wonders of Britain,
    What it may grow to in time, I know not what.

    Daniel Defoe: 1725.
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