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Subject:
Goofy Way To Do Business
Category: Miscellaneous Asked by: nronronronro-ga List Price: $15.00 |
Posted:
06 Jul 2004 17:59 PDT
Expires: 05 Aug 2004 17:59 PDT Question ID: 370561 |
Hi there ! I have a good friend who manages a big hotel. He has offered to let me use his 750-person ballroom for one night free. However, the hotel gets the money from the cash bar. (Drink rates are very reasonable---20% below the market rate.) He also volunteered that I could get a local winery to provide free wine for the event. The wineries apparently do this to (1) sell wine at the event itself, and (2) gain exposure. But if I use the winery, then the cash bar will make less money and I'll have to pay a token amount to rent the ballroom. So, how do I make a buck? I would love to sponsor a no-charge singles mixer (free to 750 attendees). But I need something to sell to recoup my out-of-pocket expenses. The goal is not to get rich; the goal is to break even after all expenses. A 5-star answer would be 3 ideas. No background or supporting documentation needed. Just some ideas. I would be especially interested in similar events held elsewhere which have made enough money to break even. All comments greatly appreciated ! Thanks. ron |
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Subject:
Re: Goofy Way To Do Business
Answered By: nenna-ga on 06 Jul 2004 20:35 PDT Rated: ![]() |
Hello, If you?re thinking of a singles event, there are a number of possible ideas that you could do to break even, or even make a few dollars. In addition, they?ll get you more attendance and publicity. I also recommend advertising in any local publications you can find for your event. Following Cynthias-ga idea, if you get a local radio station to do a remote, ask them if they?ll advertise as well for free?.. Being that the premise of a singles event is to meet people, offer roses with a card for a phone number to the attendees. Let them know they can give a rose with their number to someone their interested in?. You could probably get a bulk deal from a florist and then up-charge a bit to make a profit. For example if you could purchase 300 roses at 1.00 per rose, you could then sell them at 2.00 a rose, and make a 300.00 profit. Just make sure you buy fewer roses than people, as I?m sure not everyone will want one. You could hold a raffle for a few items at your event. For example, raffle off a man?s and women?s mountain bike. You could purchase both bikes for less than 300.00, and sell 1.00 raffle tickets. Raffles are a great way to make a profit. Alternatively, you could offer ?Date packages? in the raffle. A dinner gift certificate to a restaurant in town for 50.00, A gift cert. to a local dance club for drinks?.you name it. More than likely you?ll make a profit on these as well. I?m sure some local businesses might even donate items to get the exposure, as you mentioned with the wine companies. You could also get a few volunteers to provide childcare; possibly even overnight childcare, at the event for the attendees. Rent, or see of the hotel would donate a few rooms and a find yourself a few volunteers, and you?ll have many people who?ll come and stay longer. Also, see if the hotel will offer a discount on rooms for people attending your event. That way, if you offer overnight childcare and a discounted room rate, you?ll get more attendees, and more people at the cash bar ? I?ve personally used/seen used all of these ideas at various functions I?ve attended or organized, and they?ve worked really well. I hope that they will for you too. If this answer requires further explanation, please request clarification before rating it, and I'll be happy to look into this further. Nenna-GA Google Answers Researcher |
nronronronro-ga
rated this answer:![]() nenna---these are exceptionally practical ideas. Top-notch ! Thanks a million ! ron |
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Subject:
Re: Goofy Way To Do Business
From: crythias-ga on 06 Jul 2004 18:33 PDT |
See if you can surcharge the alcohol, however you get it. Even if the hotel collects the surcharge, you don't have to worry about it affecting your bottom line for spirits... If you get the wine for free, you still can sell the wine... If you have an open bar, all bets are off anyway. Instead of a DJ proper, see what options might be for a radio station remote. Find a corporate co-sponsor for the event... a Pizza place, a local restaurant, etc. They may get naming options and provide a goody bag from various sponsors, including coupons, brochures, etc. I am not a Google Answers Researcher. |
Subject:
Re: Goofy Way To Do Business
From: nronronronro-ga on 06 Jul 2004 18:54 PDT |
crythias---excellent suggestions ! You *should* be a GA researcher. I'll be your campaign manager to get you the job. Thanks again. ron |
Subject:
Re: Goofy Way To Do Business
From: crythias-ga on 06 Jul 2004 20:32 PDT |
Hee :) Thanks for the Kudos. |
Subject:
Re: Goofy Way To Do Business
From: silver777-ga on 07 Jul 2004 05:37 PDT |
Hi Nron, Too easy !!!! Go auction. I had a target of $20,000 for a fundraising event for CANTEEN a few years ago, (Kids with Cancer). 4 of us raised $25,000 +. $5,000 was raised on the night of the dinner/auction. I easily found corporate support. As soon as you call it a charity event, you will be inundated with help. It's all about perception. If you can source some unique products or services you will find yourself on a winner. If your sums don't quite add up on the night, then guess what? You will just have to auction yourself off to the highest bidder. You might end up mowing lawns for a week, or ironing for a fortnight. If you are a girl, then you can expect higher than average bids, especially if the male bidders have had a few drinks. Just make sure that you are the sober one to ensure that you don't agree to carrying out promised services that you may not usually do in the harsh light of day. :) Use peoples egos. The fact that it's a singles night will raise the dollar value of the singles egos. Feed 'em, get 'em drunk and watch the egos get larger by the dollar. Just one word of advice. Get the cheque there and then on the night. Deposit it to the bank the following day. All intending bidders should have an identification bidder number. That way you can chase up the runaways if needed. Make it a rule at the beginning of your auction .. all bids over say $500 must be honoured by cash or cheque there and then. If you are honest about breaking even, then a charity will go a long way in your advertising to entice support. Above all, make it fun .. the rest will follow. Kind regards, Phil ps .. I promise this will work if you allow it to. |
Subject:
Re: Goofy Way To Do Business
From: silver777-ga on 07 Jul 2004 05:48 PDT |
Ron, OOps .. by your sign-off name I guess you are a bloke. Not to matter. We can soon find some girls to auction off on the night. Let's see what response I get from this !!!! Groan .. here come the equality chicks .. I can hear the high heels grinding into the cork floors and the shoulder pads rustling. Uh Oh .. here come the comfortable shoe types. Oh well, guess I deserve the invited onslaught of chicks with no homour. I'll run this by you anyway. Let me know where you are and when you want to run your event. This will be profitable fun for a charity. Make a killing Ron, all the best, Phil. |
Subject:
Re: Goofy Way To Do Business
From: nenna-ga on 07 Jul 2004 08:06 PDT |
Hello, Thank you for your rating and kind words. I'm glad I could be of help. Nenna-GA |
Subject:
Re: Goofy Way To Do Business
From: nronronronro-ga on 10 Jul 2004 18:33 PDT |
silver777---this is terrific advice. Even the equality chicks will be impressed. And yes, it is charity. Soooooooo, an auction is a terrific idea. Thanks for taking the time. Also, thanks for your practical and "insensitive" insights. I'm glad to see there are at least two of us still around. heh heh heh All the best, ron |
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