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Raffle ticket prices

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elf198
elf198 Posts: 19 Forumite
Hi

Just looking for some advice on how much to sell raffle tickets for since this is the first time I am doing it. Prizes are an ipad, a watch RRP £100 and an original watercolour so far.
What is your experience? how much should we sell them for?

Thanks
January make £10/day challenge - £116.20/£310

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  • Strapped
    Strapped Posts: 8,158 Forumite
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    Good prizes. I ran a raffle recently with prizes of lesser value (top prizes worth between £30 and £40) but with lots of them, and sold tickets at £1 each. Raffle raised around £180. Some folks prefer to do £1/strip, because it makes people think they are getting more for their money, but of course the odds are the same, and it just makes more work. If you live and work in central London, I guess you could consider charging more.
    They deem him their worst enemy who tells them the truth. -- Plato
  • Savvy_Sue
    Savvy_Sue Posts: 46,264 Forumite
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    Strapped wrote: »
    Good prizes. I ran a raffle recently with prizes of lesser value (top prizes worth between £30 and £40) but with lots of them, and sold tickets at £1 each. Raffle raised around £180. Some folks prefer to do £1/strip, because it makes people think they are getting more for their money, but of course the odds are the same, and it just makes more work. If you live and work in central London, I guess you could consider charging more.
    I don't think I've paid more than £1 for a 'big' raffle ticket, ie where there are properly pre printed tickets, sold in advance of the event, but that's been the case for a few years, so I'm probably well out of touch.

    However I have been a bit bemused at being charged £1 per strip for 'small' raffles, ie cloakroom tickets sold only at an event, and then the whole strip is dropped into the hat for potential selection. It does improve the odds: I'm more used to separating each ticket and putting each one in!
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