Raffle..

sledneck · Dec 17, 2017

So is this going to be the new way for people to get rid of stuff? Over the last month or 2 I keep seeing more and more people try this (mostly FB groups) usually with stuff that has been for sale for awhile.

civicmindedex79 · Dec 17, 2017

Its a good possibility.

The Luke · Dec 17, 2017

Remember when the first one happened like 6 months ago and he collected money for the first 20-30 "candy bars" but then never raffled it because he didn't sell all the spots? The fact that this one was Richie was the only reason at all I considered buying in.

Beerj · Dec 17, 2017

I was tossing the idea around. It's not nearly as cool as a buggy but I was thinking 200 tickets @ $50 a piece. 1st place gets a jeep and 2nd, 3rd and 4th get a cool 1k each. Those are all pretty decent prizes for a $50 buy in.

Beerj · Dec 17, 2017

The kicker is that it would be a real hassle returning money if there wasn't enough interest.

zukimaster · Dec 17, 2017

I think if it's someone that's got a good reputation like yourself, and the tickets only being 50 bucks a piece, it would be good! I would be in for 3 or 4 myself.

blacksheep10 · Dec 17, 2017

Most of them fill all the spots now and then collect. No way I'd send money on faith it would happen without recourse of some sort (not as gift so you can pull it back) etc

The Luke · Dec 17, 2017

The key is to not collect money until you have about 75% of the spots spoken for.

TBItoy · Dec 17, 2017

And to not get the tax man or po po after you.

I'm all for it and think it's an cool way to sell something like this (custom item that only certain people are interested in) just don't want to see anyone get in trouble over something dumb.

halcat · Dec 17, 2017

Anybody interested in a pipeline business??

Smooth Raccoon · Dec 17, 2017

I think its a great way to be able to sell something.

TBItoy · Dec 17, 2017

Re: Re: Raffle..

halcat said:
Anybody interested in a pipeline business??

Sure

TacomaJD · Dec 22, 2017

Re:

Yeah, raffling would be the next big thing if it weren't so frowned upon by the gubment. I figure if the trend continues to grow, it's only a matter of time before we see someone get hit by the IRS or whoever. But if cool **** keeps getting raffled, I'll still buy some chances. I love me a good gamble.

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bouncerlife · Dec 22, 2017

I'm in a good gamble.

blacksheep10 · Dec 22, 2017

Not sure without thinking on it some whether the IRS has much to say, as long as you take in less than you had in it, you shouldn't be evading taxes. Most of these rigs cost more than they sell for, but a raffle is a way to get more than market value.
I think most of them are against state gaming laws and other statutes on the subject. Like maybe a 501c3 can have one like the 4-h club can raffle off a beef, but not an individual. Again, haven't thought hard on it and have done zero research, but I'm assuming trouble comes from a more local level, which is more likely anyway, local fun hater find it easy to call a local agency and have them look on it as valid as opposed to nosy neighbor asshole calls the IRS and they roll their eyes before they get to the right agent in the right department

NTIDWELL · Dec 22, 2017

We did this a few years ago for a rzr and a truck and everything was donated to the MS foundation. PayPal shut it down on us as being illegal gambling I'm guessing if your buying a product cup/candy bar/etc: you would be fine, but I see it as a very "grey area " I've always said this would be the way to sell a big custom item but it could easily be scammed. When I posted the rzr raffle on here John G did some very deep investigating to make sure everything was on the up and up He even mailed money for his tickets after pay pal shut it down . Think it's just a matter of time before someone gets cracked on it ,but hell there still card games and mini casino nights in bout every town that don't have a casino so who the hell knows

BUG-E J · Dec 22, 2017

NTIDWELL said:
We did this a few years ago for a rzr and a truck and everything was donated to the MS foundation. PayPal shut it down on us as being illegal gambling I'm guessing if your buying a product cup/candy bar/etc: you would be fine, but I see it as a very "grey area " I've always said this would be the way to sell a big custom item but it could easily be scammed. When I posted the rzr raffle on here John G did some very deep investigating to make sure everything was on the up and up He even mailed money for his tickets after pay pal shut it down . Think it's just a matter of time before someone gets cracked on it ,but hell there still card games and mini casino nights in bout every town that don't have a casino so who the hell knows

Holy hell where the **** you been hiding .

money_pit_yj · Dec 23, 2017

I'm gonna raffle off all of my bitcoins.

dwa2469 · Dec 23, 2017

halcat said:
Anybody interested in a pipeline business??

Hal,

I think its a shame you do not have someone to take over your business and keep it going. I have a lot of customer friends in the same business and there is a lot of money to be made. Maybe you can find someone to buy it. You have built a great company. :dblthumb:

blacksheep10 · Dec 24, 2017

Wrong part of the world, it is rare around here when someone wants to transition out that there isn't a child or longtime employee already in the chain that just gives a large downpayment and owner finances into the business. I have 2 friends that have done it into large companies.