Many charity event organizers would say that one of the best ways to gather donations would be to hold an auction.Aside from accomplishing the main objective of donating to a worthy cause, people are also able to purchase things that they collect or need.In the most well-known scenario of an auction, the auctioneer introduces an item up for sale, and people start making offers higher than the next, until one bidder places the highest bid and gets the item.A silent auction, however, is not as popular as a regular auction, even though it can be just as effective.Here is some basic information about a silent auction.
silent auctions are similar to regular auctions, in that people try to offer a higher amount than other people for a certain item.The main difference is that they write down their bid on paper, instead of calling it out.Also, people get to view all the items being auctioned off so that they know which ones they want to bid on.
In the venue of the fundraising event, all the items and services up for sale are displayed so that people can see if there is anything they like.When they have determined which item they want, they proceed to jot down their name and their bid on a piece of paper provided for that item.They will of course have to make an offer that is higher than those on the list in order to win.This would mean that they may have to revisit the list many times to make sure that they always place the highest bid before the silent auction is over.
One of the advantages of having a silent auction is that people can still enjoy other activities in the charity event while they participate in the silent auction since they won’t have to stay to make a bid.On the other hand, because people don’t feel the pressure to make a bid right away, they tend to make lower offers during this kind of auction.
To make the most out of your silent auction, be sure to display the items or services prominently so they can be viewed well, and to broadcast them to all the people in the venue.You can also get even more money out of the experience if you hold a silent auction as well as a live auction.
Nathan Jones is a writer for Crowdcomms a conference app company and has plenty of experience with charity fundraising ideas.
