Raise A Considerable
Amount Of Money
A Charity quiz night
can raise a considerable amount of money, but there are several
factors involved in the equation to calculate the potential amount
of money that can be raised.
Though saying that,
the equation is relatively straight forward.
PROFIT =
[(Entrance fee per team X Number of teams) - expenses] +other
income from the evening
Here is an example
of how much money can be generated:
Say you have 20 teams
of 5 people and you charge £5.00 per person to enter - that's
£25.00 team, which equates to £500.00 in entrance
fees. Obviously you can charge less than this or more and include
a meal or disco or include a free drink and some food.
Expenses: This
covers things like, hire of the venue, hire of any PA or audio
visual equipment, any beverages/food included in the entrance,
prizes and purchasing the quiz if you don't compile it yourself.
Say in this case there
are expenses of £55.00 to cover the hire of the venue and
purchasing a quiz pack for the evening. The prizes have been donated
by local businesses - see organising
a quiz.
Other Income From
The Evening
So we are now left
with £445.00. Now this is the really interesting part of
the equation "other income from the evening".
Believe it or not you can raise additional money in the interval
using a couple of simple techniques.
Have a raffle and sell
raffle tickets at 25 pence each or a strip for £1.00, (normally
5 tickets per strip) most people will buy a strip for £1.00.
Now say 60% of the people in the room buy at least 1 strip, that
is £60.00 and 20% of the people in the room buy 2 strips
- £40.00 so the prize draw will have raised £100.00.
At the end of the evening of quiz questions, the raffle is drawn
before the results of the quiz night are announced.
Another idea is using football scratchcards, which work on the
following basis. You have a card with 80 football teams on it.
If 80 people from the venue pay £2.00 per team, the total
amount raised is £160.00. Once
all of the teams are purchased the scratch panel is rubbed off
and the winning team is revealed.
The person who chose the winning team gets £50.00, which
leaves £110.00 profit.
There are other extra tie ins you can do on the actual night which
will generate even more money for your charity. Some people like
to hold an auction of items and services donated by businesses
or an auction of promises.
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