What Do Fundraising/Event Prize Providers Actually Do?
Prize providers offer a variety of items that can be used as prizes at charity events or functions.
These prizes can either be freely donated or provided on a sale-or-return basis, helping to raise additional funds for the cause.
Since it’s become increasingly difficult to rely solely on freely donated prizes, securing extra prizes has become essential to attract a wider audience.
Freely donated prizes allow the charity or event organizer to keep 100% of the proceeds when the item is sold. For items supplied on a sale-or-return basis, a price is agreed upon before the event.
This price is usually set low enough to ensure the charity or organizer can make a good profit without taking on financial risk.
Many charities and event organizers don’t have the upfront funds to purchase prizes, nor can they afford the risk of unsold items. Sale-or-return prize providers eliminate this risk, allowing the event to proceed without financial pressure.
