What Makes A Great Tournament Grand Prize?

Thursday, March 19, 2020

Are there ingredients that up a great tournament grand prize? Unlike making a soufflé or a beef wellington, the ingredients that make up a grand prize are pretty simple. We share our ingredients for a successful grand prize below. And don’t worry, no measuring cups or a baking sheet are needed.

Add A Dash Of Opulence

An over-the-top element like a luxury car or an expensive trip will get more golfers impelled to participate. But you don’t have to spend a lot to give away a huge prize. Before you select your prize, it’s a good idea to establish your financial projections for your event. If your budget allows you to give away a sports car, why not? But the luxury of getting hole in one insurance allows you to give away top prizes while only paying a small amount for coverage.

Presentation Matters!

Don’t just tell your golfers what you are giving away, but show them! Adding signage to your green can add more excitement to not only your golfers but sponsors as well. A sponsor wants recognition, and a sign with their logo or name next to the grand prize can definitely give them the exposure that they paid for. With US Hole In One, we offer full-color contest signs for your grand prize signs! 

Reasons For Failure

After you put all of these ingredients together, there is still a chance that your recipe for a successful grand prize can fail.There are a few reasons why. One reason could be marketing. Not doing enough means that golfers are not alerted about your tournament and all its perks. Another reason is the kind of marketing you are doing. Effectively, marketing needs to target golfers and in the right way. And this means understanding your golfers inside and out. If your golfers are not the kind of golfers to want elaborate trips and shiny things, you can offer them golfing equipment instead. Both, not marketing enough and properly, can spell disaster for a tournament and so getting it right is an important ingredient of success.

When it comes to grand prizes, you don’t have to think too hard about what to offer your golfers. US Hole In One offers grand prizes that range from golf vacations to a Harley-Davidson® motorcycle. You can find more of the grand prizes we offer here.

If none of our prizes excite you, we can cover any prize you can dream up! We now offer a $2,000 Customize Your Own Prize package as well. If you have a unique prize you would like to offer at your golf tournament, we’ve got you covered! We can insure anything from concert and sporting event tickets to vehicles and vacation packages. Minimum prize value of $2,000.

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