Paper Basics

How to save $ when ordering paper

  • When do I need my paper?
  • How much do I need?
  • What is my Cost?

These are questions your distributor should ask you! Bingo is often difficult to compute profit and loss due to the nature of the game. Bingo is presented as a loss leader most times for the players. Having to hang a prizeboard out is often difficult due to the risk of loss if you don't get enough attendance or mis-price the package at the door. WE CAN HELP!

Building a cost effective program

Know your limits!  The first rule in creating a bingo program you can comfortably afford is to know your limits.  What is my prizeboard limit? How many games do I play? What is my break even point? How many players do I need?   The sum of all prizes offered in the bingo program is your prizeboard, determine your risk first by establishing a limit to your prizeboard for each bingo program (session) you run.  Once you have established your limit you can begin to select games to play in the program.

Games are not easy and you may have to change them regulary to make them attractive to your players.  Special games not included in the book or pack purchased at the door are 'loose' games.  Select these games carefully as the cost of loose paper is often greater than collated (books) of paper.  Not to say you should have all of them in the pack at all! A nice blend of pack games and specials is important, after all bingo is about players winning and purchasing more paper to win again.

Bingo players want you to succeed, they will be happy to share their opinion of your program in most cases almost instantly!  Listening to your players is important, their attendance is vital to your success. We can help design your program from the start or make changes to your existing program. Your success is our business.

Total it up ...

Once you have a program in place determine your 'Break Even' number of players.  To do this you will need to know the minimum spend per player at the door to cover your prizeboard plus any overhead to run your bingo program.

Bingo Profit & Loss statements are comprable to Retail Business P&L's.  Where a Retail Business has Gross Revenues, Cost of Goods, Gross Profits, Expenses and Net Profits so does your Bingo! Gross Revenues are your sales, Cost of Goods are your Payouts.  Not to over simplify it but the sample below is the best way to look at your bingo operation as a business.

Sample P&L for Bingo

Gross Revenue (Sales) +$
Cost of Goods (Payouts) -$
    Gross Profit =$
   
Expenses -$
Net Profit =$

Expanding Your Game

 

A Little Change is Good

Mixing up your game patterns, jackpots and even where a game is played can be helpful to your operation. A phone call is all you need, don't worry we don't charge our customers to review their programs or product sales. This is a free service to Fantasy Games' customers. We encourage you to take advantage of our FREE program reviews.

 

The Bottom Line

This is what it is all about! The bottom line is what all of us are working for whether you are a volunteer or paid staff, you are working to improve the bottom line. Profits are the most important part of this business if you cannot increase your profits something has to change. We are the best in the business at helping you increase your profits.

TRY THIS Ask your distributor..."Would you tell me to buy products from a competitor if their price is better?"
Your distributor's response will say it all. At Fantasy Games we are not so focused on our profits that we will sacrifice your's for a sale! We are not above encouraging to find the best price available!

 

Mix it Up

There are new products that come out every year, mix it up a little. Electronics are part of our everyday life, we carry products for any size bingo game or club. We have games that can be played with as few as 4 bingo players! Demonstrations are FREE!