What are they getting from this? (facebook raffle page)

butler_helen

I've been racking my brains to understand what the runners of Facebook raffle pages get from running them.

They appear to be selling tickets for say £2.10 to 20 people, there are three or four of them running it, so £42 minus prize cost (c. £20), then divided by 4. They have the money pinged into their account, so no tax dodging there.

Then they appear to be running a savings scheme, people pay them money each month with the promise of paying it back at Christmas. They even post screen shots of their account numbers and the balance.

So I'm curious, what do they gain? It doesn't appear to be financial, it's against facebook rules so they could be shut down any minute.... doesn't seem worth it to me.

Is there a scam I'm not aware of?

InsideInsurance

Never seen them so hard to guess. You say they are getting 20 buyers of tickets? Is that a set number or just the level of success they are getting?

If you say they are basically making 42 quid in revenue, 20 in expenses then its 22 profit. With 20 purchases then thats 1.10 per transaction profit. There are plenty who run businesses on much smaller margins than that but they have much higher volumes.

They do presumably also get consumer data with at least some rights to market to them but again 20 contact details are fairly light unless the raffles are very highly targetted

butler_helen

They don't appear to be a registered business and there is no data mining as know one registers. They literally have a Facebook page, ask people for money for a set number of tickets and then do a draw.

They also take people's money and save it, then will give it back at Christmas. Like park.

These are just normal women in their homes running this. Feels scam like but I can't put my fingers on it.

gettingtheresometime

Put it like this would you give say £30 a month to a complete stranger who promised to give you it all back at Christmas?

Like hell would I!

Be safer to put £30 a month under the mattress

Marshmallow82

I suspect the scam is that you don't get the money back at christmas

piglet25

I'll tell you what they are getting - once December hits they will close the page and be gone with the money. The raffles show how trust worthy they are to people, and it reels them into the savings club and then bam! gone in a puff of smoke. Theres going be some tears over this - can't believe people do this - on either side

PuppyWonder

I have donated one of my own oil paintings , size 18X24 (worth £250), to a college raffle,(tickets £1), however, I overheard some students saying, if they win it, they plan to sell the painting on ebay to make a profit. Are there any regulations regarding the selling of oil painting raffle prizes? I have copyright, written into the Certificate of Authenticity which goes with the painting. Is there anything else I can do to protect it?

cgk1

PuppyWonder wrote: »

I have donated one of my own oil paintings , size 18X24 (worth £250), to a college raffle,(tickets £1), however, I overheard some students saying, if they win it, they plan to sell the painting on ebay to make a profit. Are there any regulations regarding the selling of oil painting raffle prizes? I have copyright, written into the Certificate of Authenticity which goes with the painting. Is there anything else I can do to protect it?

Nothing at all - if they were knocking out copies of the painting then you'd have a point but really it's nothing to do with you what they do with it.

runzies

this is just my thoughts ,..i think that the winners of the main prizes are fixed and always people the owner of the page knows ,.. the only things the rest of us win are the rubbish watch for 2.00 from china off of amazon, or the cat purse for 1.8o from china again off amazon ,.. so they never actually buy the ps4 or ipad that you pay 6 pounds a number for, they just collect everyones money, and then its won by someone on her books .hence they are making money alot of it too i have no doubt ,.. not proven just my theory after watching on a site for awhile same ppl win the major prizes rest of us win the mini draws or low priced items as a sweetener. and as we wisen up and move on theres always someone else there to take our place ,..shame really if im right:( as im am being added to new ones everyday. they arent doing it out of the kindness of their hearts thats for sure

Pollycat

butler_helen wrote: »

I've been racking my brains to understand what the runners of Facebook raffle pages get from running them.

They appear to be selling tickets for say £2.10 to 20 people, there are three or four of them running it, so £42 minus prize cost (c. £20), then divided by 4. They have the money pinged into their account, so no tax dodging there.

Then they appear to be running a savings scheme, people pay them money each month with the promise of paying it back at Christmas. They even post screen shots of their account numbers and the balance.

So I'm curious, what do they gain? It doesn't appear to be financial, it's against facebook rules so they could be shut down any minute.... doesn't seem worth it to me.

Is there a scam I'm not aware of?

This is a year-old thread.... but I can't understand why anyone would buy a ticket for £2.10 (as in the OP) when you can buy a EuroMillions lottery ticket for £2.00.

Do people who save for Christmas via FB actually know the people who are running these savings schemes?
If they don't why on earth would you give a stranger your savings?

catkins

runzies wrote: »

this is just my thoughts ,..i think that the winners of the main prizes are fixed and always people the owner of the page knows ,.. the only things the rest of us win are the rubbish watch for 2.00 from china off of amazon, or the cat purse for 1.8o from china again off amazon ,.. so they never actually buy the ps4 or ipad that you pay 6 pounds a number for, they just collect everyones money, and then its won by someone on her books .hence they are making money alot of it too i have no doubt ,.. not proven just my theory after watching on a site for awhile same ppl win the major prizes rest of us win the mini draws or low priced items as a sweetener. and as we wisen up and move on theres always someone else there to take our place ,..shame really if im right:( as im am being added to new ones everyday. they arent doing it out of the kindness of their hearts thats for sure

Well the one I am a member of is not fixed. I have won 3 really good prizes and I don't know the people that run it. I only bought 2 tickets for each of the draws so a prize worth £60 cost me £4.