Charity auctions (whether live, silent, or online) are fundraising events in which guests bid to win auction items and packages. The highest bid wins the item, and the fundraising organization receives the proceeds. A win-win!
How do I do an auction fundraiser?
Planning a Charity Auction: A Beginners GuideDecide which type of auction to host.Set a budget and a goal.Recruit a team.Solicit auction items.Set a date and book a venue.Promote your auction.Set up and execute your auction.Thank contributors and track your performance.21 Jul 2016
How do silent auctions raise money?
Silent Auction Items There are three main ways to get items for your silent auction: from members and supporters of your own organization, from local businesses, and from auction consignment suppliers. Leverage all three sources to raise more money. Dos: Group together low-priced items into a themed basket or bundle.
Are silent auctions legal?
In its essence a silent auction keeps specific offers confidential. But if it is clear the property will sell for more than the original advertised price guide then this should be made known for two reasons. To not do this is a missed opportunity to increase final sales and in some states, it is even illegal.
What do you call someone who bids at an auction?
An auctioneer is a person who manages an auction, or a public sale at which people can bid on items. Its exciting to win the bidding at an auction and hear the auctioneer shout, Sold!
Whats better raffle or auction?
A live auction is best for groups of 100 or more, when the dollar value of the item(s) is high (over $500) and there are just a few items to bid on. A raffle is best when you have a smaller group (less than 100 people) and just a few items to bid on.