Compare the numbers you’ve worked out above so some of the alternatives and you’ll no doubt see that a DIY horse racing fundraiser stacks up very favourably!
You could potentially spend thousands on a live band, for example, and it’s possible people won’t even get up and dance – that’s not value for your money, and it eats into your profits. A horse racing fundraiser is a much more cost-effective: play some CDs or plug in an iPod for some background music between races and your entertainment is taken care of for the night!
Here’s a few more ways that a horse racing fundraiser can save you money:
- All you need is a screen to show the races on, so you’ve got the flexibility to choose from a wide range of venue. Your own school hall or sporting club rooms, for example, will work perfectly and will save you money.
- The horse racing format gives everyone plenty of time to participate in silent auctions and raffles throughout the night, and you have the flexibility to pause the races for live auctions too. All sources of extra income on the night, easily integrated!
- Depending on your venue you can save costs by going with BYO food and drinks – or you can run a cash bar for additional profits. Again, the flexibility of the horse racing format allows you to adapt to whatever your event needs.
For more information on maximizing the profit earned from your event, including handy tips on minimizing expenses, download our free fundraising ebook:
