Drawing $1,000

Discussion in 'Business Operations' started by ArizPestWeed, Dec 10, 2007.

  1. ArizPestWeed

    ArizPestWeed LawnSite Bronze Member
    Posts: 1,457

    I am considering a drawing for new clients , who sign up on my annual special .
    Giving away $1K as a attention getter .
    Every new client that signs up , will be eligible for a $1K drawing .
    May have a second drawing for $500.


    What do y'all think , good idea ?

    Anyone tried this ????

    Well?
    HUh?
     
  2. Doug1966

    Doug1966 LawnSite Member
    Posts: 118

    1000 cash, or 1000 credit towards services you provide?

    A = What revenue do you expect to sign up for the annual special if you do NOT offer a draw?

    B = What revenue do you expect to sign up if you DO the draw?

    C = What is the profit margin you expect on the special?

    Is the profit of ((B-A) x C) greater than $1000?

    If not, why would you bother doing it?
     
  3. ArizPestWeed

    ArizPestWeed LawnSite Bronze Member
    Posts: 1,457

    every year , I get at least 100 new clients that pay me at least $2,500 a month , no matter what the turn out is , I can afford it
     
  4. grassmanak

    grassmanak LawnSite Senior Member
    Posts: 792

    if you already a getting 100 new clients a year, who cares about doing a drawing. The kind of people you are going to get are bad clients. I find that when i offer specials, discounts, money back, and other things like that, i get a lot of price shoppers and scummy clients.
     

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