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For non-profit organizations, there are several ways to raise the funds necessary to function. Some organizations rely on television, print, and radio advertisements to solicit donations, but this can be rather expensive. Some organizations sell cookies (I think you know who we are talking about. Thin Mints, please!). Some organizations send out donation envelopes, asking people to donate out of the kindness of their hearts. Still, other organizations follow the old adage “You have to give something in order to get something.” These organizations rely on raffles to help raise the funds they need to operate.
Raffle fundraisers can be a very successful way for non-profit organizations to raise funds. There is very little upfront cost, especially if all of the prizes are donated, which means higher profit margins. The only real cost to the organization is raffle ticket printing.
Raffle Ticket Printing in Baltimore
Time Printers is a full service printing products and services business located in Baltimore, Maryland. Our experienced sales team can help you design custom raffle tickets that will encourage people to participate and help your organization raise funds. That’s a win-win scenario if we’ve ever heard one.
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Time Printers can meet all of your event planning needs, including raffle ticket printing. Our tickets come in a wide variety of colors and sizes and can feature tear off stubs, perfect for raffle fundraising.
Planning a Raffle Fundraiser
Aside from raffle ticket printing, there are a few other areas to consider:
Finding Prizes
There are a several options when it comes to finding prizes for your raffle. You could do a 50-50, where the prize is 50% of the money collected for the raffle. This is the easiest way to handle prizes, but can significantly eat at your profits. Your other options are 1) purchasing prizes yourself or 2) asking local businesses to donate potential prizes.
Select a Price Point
The price set for tickets can make or break a raffle fundraiser. How much will you charge per raffle ticket? This will be determined greatly by the prizes you are offering. You can charge a lot more for a car raffle than you can for a gift basket raffle.
Consider Local Laws
The legal guidelines regarding raffles vary from state to state. Do a little research to find out about your state raffle laws and restrictions in your county and city.
Have Fun!
Additional Benefits of Raffle Fundraising
- Raffle fundraising is great for organizations of all shapes and sizes.
- Raffles are easy to plan and require little manpower.
- Because there are very few costs involved with raffles – aside from raffle ticket printing – these fundraisers are less risky than big events.
- And More!
Raffle fundraisers can be very successful fundraisers for a variety of organizations.
To learn more about Raffle Ticket Printing, give Time Printers a call today at 410.566.3005 or click here. You can also connect with Time Printers on Facebook, Twitter, Google+ and Pinterest as well.
