Transform your daily workflows and Manage Silent Auction Gift Certificate

Aug 6th, 2022
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How to Manage Silent Auction Gift Certificate

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when you lay out your silent auction theres a couple of things that i i find are most important number one i do not like baskets now i know a lot of events that i do are nothing but baskets but theres a variety of things that create problems by putting together baskets number one the biggest rule of the silent auction is never ever ever spend cash on a silent auction because youll never get it back you know the i the average silent auction makes somewhere between 50 and 60 of the retail value so for every dollar you invest in cash on your silent auction youre losing 40 50 50 cents and that just doesnt work out second of all when you put those items in a basket and in particular when you cover it with cellophane you pretty much eliminate the opportunity for guests to know whats in that basket if you feel that you need to put items in baskets for whatever reason ive heard all the reasons then you need to make sure that you dont put the cellophane on top there is another rule tha

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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.
Since gift cards can be easily overlooked, place them in jewel cases so they stand out better among the other items. Attach to or display alongside the basket a list of its contents. Your bidders will be more enticed when they know exactly what theyre getting.
19 Steps To Running a Successful Silent Auction Assemble your team. Identify who will help you organize the silent auction. Make a plan. Find a venue. Source high-value items. Pre-promotion and publicity. Create item description sheets. Create bid sheets. Get silent auction software (optional)
Once youve imagined the best possible displays, youll need to write creative descriptions for your silent auction items. Start with catchy titles. Always lead with an eye-catching headline! Set the scene. Help your silent auction bidders imagine winning each item. Include the details.
Dos and Donts for Your Silent Auction DO recruit your best volunteers. DONT over-procure silent auction items. DO organize your items by section. DONT use paper bid sheets. DO ensure your silent auction items will be profitable. DO monitor the traffic flow. DONT forget to follow up.
A silent auction is a fundraising event that allows donors to silently bid on items youve procured for a set amount of time without an auctioneer at the helm. Each auction item goes home with the highest bidder when the event ends, and because auction items are donated, your organization gets all of the proceeds.
Silent Auctions: How to Sell Small Gift Certificates Without Cannibalizing Your Big Items Step 1: Sort Your Certificates. Sort your certificates into groups by value ranges. Step 2: Pin Your Certificates on Poster Boards. Step 3: Sell Your Certificates at a Flat Rate.
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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