Clean effect in the Silent Auction Gift Certificate

Aug 6th, 2022
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How to clean effect in the Silent Auction Gift Certificate

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[Music] hi this is Marie from a candalas auction and consulting and this Mac talks back do you want to send your donors and your bidders running in the opposite direction from your silent auction heres a way to do just that putting so many packages and so many items and so many silent auction bid sheets on a table that no one can even get up to the table heres another picture wed like to show you this is an auction were approximately four to six items were placed on a table the reason we consult this with our clients is because we know that people do not typically look at a silent auction item by themselves they do it two at a time two women two men or a couple and so if you have four items at a table or six items at a table you will have approximately 8 to 12 people at that table at any given time as they move down the silent auction tables and bidding on your items if they perceive there is not enough room for them to get in they wont be coming back to your silent auction and yo

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For a guest list of 100 people (roughly 50 couples wholl be bidding and spending together), approximately 25-35 items would create an effective market thats competitive but not overwhelming. How do I procure the right items for my silent auction? Well cover item procurement tips in a section below.
Patience is key when it comes to bidding at silent auctions. By waiting for the right moment to bid, observing the competition, waiting until the end of the auction, setting a maximum bid, and considering the items value, you can increase your chances of winning while staying within your budget.
How Does a Silent Auction Work? A silent auction is a fundraising process in which bids are placed on items during a set timeframe. After the auction closes, the highest-listed bidder for each item wins. Traditional silent auctions have paper bid sheets where bidders manually write their bids on each item.
Most silent auction items fetch 40 to 60 percent of their retail value (see our recent infographic on predicting total revenue). Read on for practical guidelines to ensure bids docHub 50 percent retail and above.
Step 9: Closing Your Silent Auction Alternatively, you can set a pre-planned end time for your silent auction, and use countdown timers to drive last-minute bids. At the end of your silent auction, collect the bid sheets, and declare the winning bid for each item.
Auction Items Rules Right to change items: Items may be added or withdrawn, without notice. All sales final: All sales are final, there are no exchanges, and all items are sold as is. No refunds: No refunds after purchase. Limits may apply: Gift cards or certificates are subject to availability and black-out dates.
Allowing a silent auction to stay open too long or close all at once will take away this urgency. An ideal silent auction only needs a total of 60-90 minutes to maximize your returns. Here are four reasons your silent auction will raise more money when closed in sections rather than all at once.
1-day listings can help you quickly find a buyer for time-sensitive items, like concert tickets or holiday packages. For most items, short auctions are suitable, up to 3 days. This time is usually enough to attract participants, but not too long for those who make impulse purchases.

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