Forum > STAR 2015

2015 MSTA Raffle Bike Announcement!

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96viffer:
Just a note on the decision to increase the price per ticket. We assumed that most members who buy tickets buy more than one and have a certain budget for the tickets. For example, I usually spend $40 for tickets, so now I'll get 4 or 5 tickets instead of 8. We think that the gross revenue will be about the same, if not better, as previous years but the number of tickets sold will probably be less which means that your odds of winning will be roughly the same. 3k tickets sold at $5 ea or 1.5k sold at $10 ea gives us the same revenue and the same odds of winning, again assuming that each member spends about the same amount as in previous years.  We also think that the FJR as the prize will provide the incentive to boost sales to offset what we'd lose from not having a mass mailing, plus we'll also be ahead $2k from the postage saved.

Just because "it's always been done this way" isn't justification enough to not try something different. If it were, we wouldn't have the horseless carriage, electricity, indoor plumbing or the internet and smartphones.

I guess we'll see what happens. Not the end of the world if it doesn't pan out, and as Jim mentioned earlier, at the end of the day someone will be able to say, "I told you so."

- Choon

Paco Bulto:

--- Quote from: 96viffer on December 19, 2014, 03:36:16 PM ---
Just because "it's always been done this way" isn't justification enough to not try something different. If it were, we wouldn't have the horseless carriage, electricity, indoor plumbing or the internet and smartphones.

- Choon

--- End quote ---

Sounds like logical thinking, Choon. Thanks for that.

Just one question. What's this "indoor plumbing" you speak of? When did they start that?

Patmo:

--- Quote from: Paco Bulto on December 19, 2014, 04:38:39 PM ---

Just one question. What's this "indoor plumbing" you speak of? When did they start that?

--- End quote ---

"coming soon, to a town near you"

touringman:
Choon, I'm no math whiz, as I'll leave that to two of our children that teach that subject. It seems in the example you gave you are talking ratios, rather than chances of winning. If there are 1.5k tickets sold, my chances of winning are 1 in 1,500, and correspondingly, with 3k sold, my chances are 1 in 3k. Therefore selling fewer tickets, yet creating the same revenue, actually enhances the members chances of being a winner, if they buy the customary number of tickets! Syd :)

Patmo:
In my case it's not going to matter how many chances I buy, the chance of me winning is still the same......zero :-*




I just consider it as a donation.

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