What would you price these tickets at?

posted 3 years ago in Parties
Post # 2
Member
3047 posts
Sugar bee
  • Wedding: August 2013

I’ve personally never encountered a lottery during anything wedding related, so I’m a little bit baffled on that part… but I guess it all depends what your purpose is. It’s a big difference if you want to break even/make a profit. Also, would these prices be something you’ve paid for yourself or are they donations? The only thing I can compare to is a charity organisation that I volunteer for, we usually get all of our prices (ranging from a flight ticket to Europe to small gift baskets with candy) from different vendors and we ask for $10 for 4 tickets.

In short, if you sell N tickets, you need to decide how much of the earnings that will be returned (f) in the form of prices. That means that you’ll walk out from the experience with (1-f)N. Estimate how many tickets you’ll sell and relate that to what you’ve spent on the prices and you should be able to come up with a reasonable ticket price.

Post # 3
Member
453 posts
Helper bee
  • Wedding: November 2014

Are they buying a sheet of tickets or just 1 ticket?

For all the raffles I’ve been to/had it’s usually just $1 or $5 for 3 or something like that. For a sheet of 25 maybe $10?

Post # 4
Member
3044 posts
Sugar bee
  • Wedding: September 2016

Where are you located? I’m not going to tell you that you are being rude or anything but usually to do a raffle you need a gaming license. f you are having this in a public space like a bar  rather than your house or something, they might shut it down if you don’t have a gaming license because they could lose their liquor license over it if an inspector happened by or it was reported. 

Also from my experience you probably won’t make as much as the items are worth just selling tickets unless you have at least a couple hundred people, so if you bought that many items for this (rather than getting them donated) and your goal is to not lose money I would keep the cash and get a 50/50 license instead.

Post # 6
Member
1441 posts
Bumble bee
  • Wedding: September 2014

How is a lottery related to your wedding?  I’m so confused!

Post # 7
Member
3044 posts
Sugar bee
  • Wedding: September 2016

sariibear:  since it is normal where you are, why don’t you asks around locally for some advice, or think back to times you have been to stag parties where they have done this? You’ll probably get a better idea from that as to what the tickets should be priced at because that will let you know what people are expecting to pay. It also will depend on age of the people coming – since they are all likely your friends, and therefore young, you won’t have anyone grumbling the prices are more than twenty five cents like you would with someone my grandma’s age.

as for license stuff, just pointing  it out in case you hadn’t thought about that aspect of it because the place where I work is super gun shy about screwing up on licenses, another organization we work with lent out their gaming license and got screwed over on it. Probably nothing will happen, but worst-case scenario stuff is important to keep in mind right? Just look at all those poor couples in New York screwed over by Rebar closing.  Anyway, if you have insurance filled out based on the activities happening with your party, you are probably good because if they thought anything was wrong with your insurance application they wouldn’t approve it. Enjoy your party! 🙂

Post # 8
Member
6026 posts
Bee Keeper
  • Wedding: October 2014

If the OP is having a Stag and Doe and raffling a gift card to The Keg, I’m betting she’s in Canada, where Stag and Doe parties are common, not weird or rude, and the purpose of a Stag and Doe is to help the couple raise money to go towards the wedding expenses. Scream “rude” all you want; it won’t matter, ’cause in the op’s social circle it’s not rude at all, and it’s just as normal as asking friends to help out with a baby shower by baking pretty cupcakes.

now, on to the question! OP personally I’d pay a dollar or two per ticket but I’d buy a lot of tickets. If I were going to a Stag and Doe Canada-style, I’d know ahead of time how much I could afford to give you. But if my budget was $50, I’d feel better with 25 tickets in my hand at $2 each than if I had 10 $5 tickets. Weird, isn’t it? Even if the number of tickets didn’t increase my odds (it’s the same odds if I have 25 out of 500 tickets or 5 out of 100 tickets), it just seems more fun and exciting to have more tickets. So, make your tickets a dollar or two.

Post # 9
Member
3044 posts
Sugar bee
  • Wedding: September 2016

Horseradish:  definitely not common throughout all of Canada, I’ve never heard of this concept before. Maybe it’s an Eastern thing?

Post # 10
Member
1298 posts
Bumble bee
  • Wedding: November 2012

sariibear:  I agree with Horseradish:  pricing each ticket lower might make people buy more overall. $1-2 dollars per ticket – you could maybe even give a ‘bargain’ for buying a whole sheet – $20 instead of $25 for a whole sheet of tickets or something. Sounds better than $25 buys me 5 measly tickets, which does not sound like as much fun. 

How many people are you expecting at your party?

Post # 13
Member
1441 posts
Bumble bee
  • Wedding: September 2014

sariibear:  Oh wow!  That’s so different than the US.  Interesting!  I wish I could think of a way to raise money for our wedding but there’s nothing like that here.

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