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 hole in one insurance to boost your business.
How it Works
If you are new to golf tournament fundraising or golf event planning, you may not be familiar with hole in one contests or hole in one insurance. A hole in one contest gives golf tournament participants the chance to win a prize, such as a car, a house or even a million dollars, if someone can make a hole in one. Typically, prospective contest sponsors are approached by golf tournament organizers and given the opportunity of sponsoring a contest during a golf tournament.
In order to make the most of their sponsorship while eliminating the risk associated with offering a giant prize, the contest sponsor, or in some cases the tournament organizer, will purchase hole in one contest insurance so that if a player aces the hole, the insurance company, not the sponsor or tournament organizer, will pay for the prize. The cost to insure a 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.
Other Contest Benefits
Depending on the company you select to insure your contest, you may also receive auxiliary prizes that can be used on other holes during your event. Hole In One International, for example, offers players acing non-target par three holes during a tournament prizes such as brand name golf equipment, tablets, and Visa Gift Cards.
In addition to receiving auxiliary prizes, you should also expect to receive a tee sign showing tournament participants what they can win and announcing your name as the hole in one contest sponsor. You should also expect to receive complimentary auxiliary prize signage as part of your hole in one contest insurance package and a free tee prize for every tournament participant.
What Prizes Can You Offer In Your Hole In One Contest
One of the best parts about sponsoring a contest, is deciding what kind of prize you’d like to give away. Automotive dealers generally give tournament participants the chance to win a brand new car, and motorcycle dealers like to give away bikes, while home builders and banks frequently offer brand new homes or cash down payments. Essentially, with hole in one 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.