Reverse Auction

Overall Cost: $
Complexity: 1

Instead of selling tickets, make it a party! In a reverse raffle, people buy numbered tickets for a chance to win a big prize (example – 200 tickets at $100 each – $10,000 for your organization – $10,000 in prizes. Save 5-10 tickets to auction off during the drawing. Select what tickets win their money back (ie. 1st 50th, 100th, etc. tickets drawn. 150th wins $200, 195 wins $500 etc. Last ticket drawn wins $5,000.)

Things to Consider

  • Can do this anytime of year.
  • Add food and drink, free for ticket holders, others make a donation.
  • Be sure and check the laws in your state.

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