When your conducting a raffle, the best prize is often one which is donated.
But if no appropriate donations are forthcoming, another option is to buy an inexpensive prize with the understanding that your modest investment will be handsomely rewarded in ticket sales.
Consider shopping (or at least monitoring) the Website Woot for an appropriate prize for a raffle.
Woot sells one product per day, and prices are worth watching.
Here’s how Woot works.
Woot sells one product per day until it’s sold out, or until 11:59 PM central time when that item is replaced with a new product. If the featured daily item sells out, you must wait until midnight to learn about the new featured product.
Most of the prices seem to be about 50% of cost elsewhere.
- Philips 52″ 1080p 120Hz LCD HDTV: Woot sold at $1200; Amazon lists at $2115.
- Memorex 4GB Media Player: Woot sold for $30; various stores list at $60 to $150
- Ion Audio USB Turntable (This system enables you to play records and record directly into your MP3 player.: Woot sold for $50; Wal-mart lists at $115
- Dell Inspiron Dual Core 1.8 Ghz 14″ Notebook: Woot sold for $439.
Interesting Woot points
Shipping is an easy-to-calculate flat rate of $5.00.
Regardless of whether you buy a $40 item or a $1000 item, or whether you buy one item or three items, the shipping is $5.00.
Missed an item? Wait for a Woot-Off.
During a Woot-Off, all of the items which didn’t sell out are offered for sale again (at the same price as before). So, if 40 routers and 125 weather stations didn’t sell, those items would be sold — one product after another — during the day of the Woot-Off. If you missed the 24-hour window to buy the item, you might get lucky and buy it during the Woot-Off.
The site is cleverly written.
The first person to buy each day is called the “First Sucker.” On the “What is Woot” page, the authors write, “We anticipate profitability by 2043.”
The site allows you to see cool statistics.
By clicking into the “comments” area of any product, you can see some interesting metrics about Woot’s sales. You’ll see that the website is most popular in the Midwest, and you can review sales-by-hour to see when it sells the most product. There’s lots more to check out.
Woot has an engaged user community with product feedback.
If you like to read product opinions, you’ll find many comments from Woot’s buyers.
As a side, cameras (regular and video cameras) are good prizes for a raffle, and they seem to be offered regularly.