You know Benefit Bidding can help you with all your auction needs, including online and live events. Did you know they also offer helpful advice to make your auction amazing? Benefit Bidding has a monthly newsletter sent directly to your email inbox that can help you plan your next fundraising event. When you sign-up for the newsletter, you will automatically receive the document: “31 Tips to Achieving Record Breaking Auctions.” This document is very helpful in helping you make the most money for your organization or cause. Here are the top 5 tips for you to enjoy:
1. Hire a benefit auctioneer. You may think anyone can stand in front of a group of people and call out numbers. Using someone such as a local celebrity or a friend can be less of cost, but you will lose revenue. Isn’t the point of doing the auction to raise the most money you can for your cause? Hiring a professional auctioneer with experience working with organizations just like yours is the best possible way to ensure you are getting the most out of your auction.
2. Integrate an online auction into your plans. Online auctions are a great way to start getting attendees excited for your event! They provide a way to generate revenue before the live auction and provide a wonderful way to provide a greater value to your sponsors. Benefit Bidding can help you plan and implement an online auction, even if you have little to no experience.
3. Use a benefit auction quality sound system. All sound systems are not the same. Most venues and DJs will have sound systems that are meant to play music, not allow people hear and bid on items. This is a must if you want to generate the most money. Benefit Bidding has their own and can set it up properly to maximize your revenue.
4.Keep the lights bright. You want people to see what they are bidding on and it helps the auctioneer see who is bidding. Don’t miss a great money making bid because the auctioneer couldn’t see it!
5.Timing is everything! When planning your event, make sure to plan enough time to complete the auction. A good rule of thumb is 2 minutes per item. You don’t want your audience (and potential bidders) leaving in the middle of the auction.
Be sure to sign-up for our monthly newsletter here. Remember, Benefit Bidding can help you plan a great and profitable auction for your organization.