You aren’t paying $200 for a hat. Stop thinking of it that way. Stop saying “sell a hat for $200”.
This isn’t about value or efficiency or getting the most for your money. Go to Goodwill for that.
It’s about raising as much money as possible for the GTAA (not using 3/4 of it to design and make a goodie bag of stuff) so that we can recruit at a higher level, give raises to the staff we want to keep, and make progress with our football team. Do you want to replace Patenaude with an up and coming hot shot OC? Donate and stop negotiating for more in return.
I'm not saying what you're thinking.
I'm saying their approach is wrong.
They are ADVERTISING a hat. Then asking for the $200. There is a reason why there is a huge picture of the hat and them hyping it up.
They didn't advertise season tickets with a picture of the flag we all got, then said btw all you have to do is buy season tix.
What I am saying is, people who can/will donate $200 won't want a cheap hat.
The people that want the cheap hat may not have or want to donate $200.
They are missing out on MORE MONEY by not just selling the hat at a raised price. Rather than asking for $200 and giving a hat.
Its simple. They will probably take in 150 donations at $200. Which is $30k. Say $10 to make the hat and they probably make 250 hats. So a profit of around $20k once everything is paid for on production, shipping, etc.
OR
"Sell the hat" at an extreme price $75 blatantly saying for each hat bought, there is a chance to have a tour of Bobby Dodd given by the coach of your choice. I can easily see them selling 1,500 hats. 1,500x$75 is $112,500. Take away $20k for production, shipping, etc. Leaving $92,500.
Now the profit per hat reduces by about half when doing the 2nd option, but you have introduced an entire new market to being donors to the program essentially introducing a new stream of revenue.
Honestly I'd donate another $75 for a hat. I'm not donating another $200 just to donate as I've already donated my fair share for the year. You have to CONVINCE people to donate more by finding the right production number/price/value for the person donating. People are far more inclined to donate when there is something to be won, and they can walk away with something right then and there.