Testing The Waters

[Isaiah]

Hey fellas, so I wanna test the waters on something I want to startup, it will essentially be a consistent sweepstakes here in AZ, Tucson to be more local but can deliver and meetup in all of AZ. The gear would consist of hunting and outdoor items, bows, camo, gear and etc. So how it would work is I would post an item for the sweepstake and there would be so many “raffle slots” at a specific price point and I would randomly draw a winner for example…. I would post a Mathews lift for 30$ a spot with 55 slots available and once all slots are filled I would have a random generator select a number and that person would win the bow. It’s somewhat of a business idea I had and wanted to test waters and see what people think about it before I pull the trigger. All feedback is welcome. Good or bad. Thanks 

[PRDATR]

501c?

[Isaiah]

3 minutes ago, PRDATR said:

501c?

As in the tax exemption? If so no, that’s why it’s not a raffle and isn’t for raising funding and would be a continuous sweepstakes

[Couescrazy33]

Where does the profit go from the sweepstakes? 

[Isaiah]

6 minutes ago, Couescrazy33 said:

Where does the profit go from the sweepstakes? 

It would roll into the new inventory as well as I would profit from it being essentially a small business

[deercrazy]

Interesting, but more details are probably needed.

 

[deercrazy]

so you have my mind thinking.  Would you purchase items and then resale them at auction, or would it be that people consign products that you sell? 

[krp]

That's illegal. Unless there is a free way to enter, no purchase necessary, it's not a sweepstakes. It's a raffle or lottery.

Kent 

[Crazymonkey]

501c needs business license and paperwork for the 501. If you make a profit from  it as a drawing it's a business and would also require a license.  

[Isaiah]

10 minutes ago, Crazymonkey said:

501c needs business license and paperwork for the 501. If you make a profit from  it as a drawing it's a business and would also require a license.  

Yeah I would go through all the proper channels to aquire a business license and have everything done above board

[Isaiah]

14 minutes ago, deercrazy said:

so you have my mind thinking.  Would you purchase items and then resale them at auction, or would it be that people consign products that you sell? 

I would purchase the products for resale

[Tony Nile]

1 hour ago, Isaiah said:

Hey fellas, so I wanna test the waters on something I want to startup, it will essentially be a consistent sweepstakes here in AZ, Tucson to be more local but can deliver and meetup in all of AZ. The gear would consist of hunting and outdoor items, bows, camo, gear and etc. So how it would work is I would post an item for the sweepstake and there would be so many “raffle slots” at a specific price point and I would randomly draw a winner for example…. I would post a Mathews lift for 30$ a spot with 55 slots available and once all slots are filled I would have a random generator select a number and that person would win the bow. It’s somewhat of a business idea I had and wanted to test waters and see what people think about it before I pull the trigger. All feedback is welcome. Good or bad. Thanks 

 

53 minutes ago, Isaiah said:

As in the tax exemption? If so no, that’s why it’s not a raffle and isn’t for raising funding and would be a continuous sweepstakes

LOL, that's 100% a raffle

[krp]

Raffles in Arionza Flyer_090825

Selling raffle tickets in Arizona is illegal, unless it is done following A.R.S. § 13-3302. This guide may help you understand raffle requirements.

Kent

[Tony Nile]

Posted same info as krp

 

[krp]

In New York they call it running numbers.

Kent