*If you plan to base your sweepstakes as a percentage of every sale you need to first determine if any items NEED TO BE EXCLUDED.
Items you would exclude from receiving entries into the sweepstakes, when purchased during the promotion, would be Sales Tax, items without a sufficient profit margin, or items restricted by law. In some states, counties, or local jurisdictions, this may include tobacco products or alcohol products among others.
As an example, if Coca Cola is offering you a special discounted price on their product for the following month, you may want to announce the sweepstakes promotion on Cokes product for only that particular month.
The Sweepstakes Entries Calculator takes a dollar amount (the amount, in dollars, you are willing to give in order to help sell that item) and converts it to the ideal amount of sweepstakes entries to award on the Game Piece you give the customers.
NOTE: To manually calculate the number of entries to award for a particular dollar amount, take the discount value (in the case of coke it was $2, and multiply that by 167. The number you get should then be rounded DOWN to the nearest 100 and that’s the number of entries to award. We round down because we don’t want to recommend a number that is higher than your desired discount value. Feel free to use your best judgment and round up or to use any number you want (MUST BE IN INCREMENTS OF 100).
The Choice is always Yours.
The calculations for the example above: $2.00 x 167 = 334. Now round DOWN to the nearest one hundred and you have 300.
Determine the amount you are willing to discount the product in dollar value. For example: $2 off on a 12 pack of Coke.
Knowing the amount in dollars determines the number of entries that should be awarded in order to achieve that value.
You choose the amount and type it in the Discount Value box above.
The Calculated Entries box above is the calculated amount of entries you should award along with the sale of this particular item. The amount of entries is rounded off in increments of 100 entries.