1. How Students Are Rewarded:
2. How Prizes Are Won:
Dollar Amount Sold
When students are rewarded for the total amount of money turned in the advantage obviously goes to the students who are able to sell more of the higher-priced items out of their fundraising brochure. A prize brochure that uses this format may work something like this:
On the other hand, when students are rewarded based on the total items, the advantage goes to those who are able to sell more of the lower priced items. Here is an example of a typical prize brochure based on items sold:
Cumulative vs. Noncumulative
Another factor to consider is whether or not the prize program is cumulative. In other words, are students rewarded with more prizes as they sell more items or do they only get to pick a prize from the level that they qualify for? Most people may think that the cumulative prize program is better; however this may not always be the case. Here are some advantages and disadvantages that should be considered:
Advantages to Cumulative Prize Programs:
Disadvantages to Cumulative Prize Programs:
Advantages to Noncumulative Prize Programs:
Disadvantages to Noncumulative Prize Programs:
The Hybrid Prize Program
Many fundraising companies are now combining the cumulative and noncumulative method into one prize program. For example, the first 4 or 5 prize levels may be cumulative and then above a certain point students win only the prize from the highest prize level that they qualify for. For example, let’s say that a student ends up selling 80 items and qualify for level H. What would happen is they would automatically receive the cumulative prizes from levels A through E and then the prize at level H. They would not also receive the prizes from level F and G. Many students like this option because it combines the advantages of both types of prize programs into one.
When choosing a prize program it is important to consider how achievable the prize levels are going to be for your students as well as the quality of the prizes. Because all students should be encouraged to sell, the lowest prize levels should be obtainable. Of course choosing a good prize program is only the first step; consistently promoting it to your students throughout your fundraiser is where you really make your money.