Copy drawing in the Silent Auction Gift Certificate

Aug 6th, 2022
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2019 All auction items in this study collected an 87.45% Ret on FMV. Starting Bid Price: Price set by the organization Starting Bid Price: Price set by the organization to start the bidding. 2019 Average Starting Bid Price in the entire study was $160.54 with an average bid increment of $24.42.
Travel Packages Or Gift Cards After all, who doesnt want to escape reality for a little while? Travel packages or gift cards are a fantastic option for silent auction fundraisers, especially if they allow the winner to be in control of how the prize is redeemed.
Factor 5: Revenue Goals If your goal is, say, $30,000 in the live auction, and the capacity of the people in the room is that youre probably not going to sell any items for over $3,000, youll need ten items in order to docHub that $30,000 goal.
We see successful auctions of all sizes. Theres probably a sweet spot between 30 and 70 items, but weve seen very successful auctions with less and with more. The key is being able to categorize the items neatly so that it feels like a manageable experience for the bidder.
When hosting a live or silent auction, one of the biggest mistakes a Nonprofit can make is presenting too many auction items during the event. You may think having more items means raising more money, but the reality is presenting too many elements all at once can actually overwhelm an audience.
A good rule of thumb is to provide 1 or 2 auction items for every bidder or spender at your event. 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.

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