In this way, bids can remain anonymous and guests will feel comfortable bidding against others, even friends. As soon as the auction ends, the items go to the people with the highest bids. Charities and non-profit organizations often use silent auctions to raise money. The items collected for the auction are often donated by sponsors or people who support the respective purpose.
These lucrative fundraising events require multi-stage planning, from the initial formation of the committee to the final exit. The preparation for a silent auction can take months of research, public relations and organization. The amount of time alone makes silent auctions a fundraising event with high investments, and their implementation determines how profitable your ROI is.
More and more non-profit organizations and other organizations are using silent auction software to make it quick and easy for guests to bid on items. The silent auction software even allows guests who cannot be physically present to participate in the auction anyway. Typically, these digital silent auctions use guests’ mobile phones to place orders through an app or mobile website. Some silent auctions can take place exclusively through social networks, without the need for an event. In these cases, the organizers should only clarify how the winners will receive their items and what information should be collected to facilitate shipping or collection.
An expensive holiday for six people is likely to receive higher bids in a live or online auction than a silent one. Even people looking for a bargain can get caught up in the action at a live auction and spend a lot of money to remember that “it was for a good cause.” Some silent auctions place items on a table and include a description of the item and a bid sheet. In this case, the guests are assigned numbers that should be used instead of their names.
Luxury Vacation Rentals: Another source of great silent auction items are vacation rentals available through consignment companies. They take care of all the paperwork, provide detailed descriptions and photos, Silent Auction Ideas and also allow you to reserve available dates and list them in your auction. This is perfect if you want to offer a Breckenridge ski apartment for the Christmas holidays during a silent auction in November.
During silent auctions, organizations raise money by placing bids on auction items and selling each to the highest bidder. The bids are carried out with tender forms on paper or with mobile bidding software. It is reported that more than 250,000 charity auctions are held annually in North America.
Not to mention that at the end of the night, your organization will be faced with a complicated payment process. Handbid’s innovative experts envision a world where charities can easily connect with their donors anytime, anywhere using powerful mobile tools. That’s why they have developed robust online charity auction software that allows non-profit organizations to attract the attention of bidders on all devices. The creative silent auction items are very simple if you combine several donated items into thematic baskets. Here is a list of 500 ideas for silent auction baskets to help you get started.
The platform also includes basic event planning tools that can be used to create fundraisers. Each method involves some important considerations, for example; will the silent auction items be displayed in the main area of the event or in a separate room or floor? It also makes it easy to check the position of the bidders when the items are displayed.