Silent auctions are profitable fundraising tools used at charity fundraising events to help raise money for schools and nonprofits. A silent auction can be extremely lucrative for the charity when run well.
A silent auction is a type of auction that basket ideas for silent auction involves takes bids on items or services that are on display at an event. Typically, attendees write down their names and bids for particular items on pieces of paper, which is then either placed in a receptacle to be tabulated later, or is added to a list of bids kept near each item. There are electronic solutions that run on smart phones or with tablet PCs around the room. The type of auction you decide to run is up to you, but each type provides a peaceful and social fundraising opportunity that can be carried out throughout the entire event. There is no need to interrupt entertainment or food service to perform this type of auction. Winners can either be announced at the end of your event or at a later date.
To facilitate raising money for your school or non-profit engaging the services of one of the many silent auction item providers who can help you obtain a variety of items for your event that evoke interest and buzz. You should try to include items in your auction that are designed to cater to the specific demographic in attendance to ensure that every item at your next school auction receives a bid. By including everything from sports memorabilia to travel and vacation packages that can offer your attendees special services and new experiences, you can guarantee that there will be something for everyone at your auction. Certainly, sports memorabilia from the most famous athletes will be interesting to some attendees but also items from local sports stars that are currently active or even retired can be attractive items. It is a generalization that has certainly been shown to be empirically true that the men will be excited about bidding on rare sports memorabilia while the women at your event will rush to bid on that VIP vacation and spa packages. When hard to find items and once in a lifetime products are available to bid on, it is a guarantee that your guests will exceed any reserve bid. The best part of a charity auction is the buzz within the room that is generated by the items. Nothing can be better for event organizers than hearing people talk about the auction items excitedly so that competitive bids can develop.
The most important part of any charity event is maximizing your profits, which is why it is a good idea to purchase your auction items and vacation packages on consignment if you can’t have them donated. Holding a silent auction shouldn’t be a risky decision, it should provide your school or non-profit with a unique opportunity to raise significant funds. Never take another risk by purchasing silent auction items at full price; make every event a success by purchasing all your auction items on consignment. Most vendors who provide items to this niche industry work on a consignment basis so that the items don’t need to be purchased until they are sold.