Hole In One Contest (« back to glossary)
Sponsoring a Hole In One Contest
Sponsoring a hole in one contest at a golf tournament is an easy and affordable way to promote your business to a captive audience while generating goodwill. Following is a brief review of how hole in one contests work and how you can use a hole in one contest to boost your business.
How it Works
If you are new to hole in one contest sponsorship, it may surprise you to know how easy it is to sponsor a hole in one contest. A hole in one contest gives golf tournament participants the chance to win a giant prize, such a car, house or million-dollar prize, if they can make a hole in one on the sponsored hole. Typically, prospective hole in one contest sponsors are approached by golf tournament organizers with the opportunity of sponsoring a hole in one contest during a golf tournament. In order to eliminate the risk associated with offering a giant prize, the hole in one contest sponsor, or the tournament organizer, will purchase hole in one contest insurance that way, if a player aces the hole, the insurance company, not the sponsor or tournament organizer, pays for the prize. The cost to insure your hole in one contest depends upon the size of the prize you are giving away, the number of participants in the tournament and the length of the hole you are planning to insure.
Depending upon company you use to insure your hole in one contest, you may also receive auxiliary prizes. Hole In One International, for example, offers players acing non-target par three holes during a tournament prizes such as computers, music systems, and brand name golf equipment. In addition to receiving auxiliary prizes, you should also expect to receive a tee sign announcing your name, as the hole in one contest sponsor, as well as the prize that tournament participants can win. You should also expect to receive complimentary auxiliary prize signage as part of your hole in one contest insurance package.
What Prizes Can You Offer In Your Hole In One Contest
One of the best parts about sponsoring a hole in one contest using hole in one contest insurance, is deciding what kind of prize you'd like to give away. While automotive dealers generally give tournament participants the chance to win a brand new car, and motorcycle dealers like to give away bikes, while homebuilders and banks frequently offer brand new homes or cash down payments. Essentially, with hole in one contest insurance the sky is the limit; you can even offer up to a million dollar prize.
Sponsoring a Hole In One Contest is Easy
If you are thinking about sponsoring a hole in one contest, you can either get a free, no obligation quote or obtain hole in one contest insurance in just a few moments either over the phone or online in just minutes by contacting a company like Hole In One International.