Think Bigger for Home Run Auction Items

Posted by Summy Lau on Feb 15, 2018 8:30:31 AM

Home Run Auction Items.pngIn a previous webinar, we shared the "10 deadly sins," or costly mistakes, seen most often at charity auctions. Number 3 on our list: Putting out the wrong items for your audience.

To get high returns on your fundraising event, you want auction items that have wide appeal, generate excitement, and are perceived as highly valuable among your donors.

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Topics: event-production, live auction items, auction item ideas

Don't Give Up: Auctioneer Shares Tips to Save a Dying Fundraising Auction

Posted by Summy Lau on Apr 4, 2017 11:08:50 AM

Cheryl Parker, certified benefit auctioneer specialist

When it comes to charity auctions, many organizers simply "don't know what they don't know." Unfortunately, a lack of professional expertise is the #1 reason events fall short of their revenue goals.

To help provide the expertise needed for success, we interviewed Cheryl Parker, certified benefit auctioneer specialist in San Diego, Calif., for a recent episode of event fundraising podcast Events with BenefitsParker shares her simple - yet often overlooked - strategies for generating as much revenue as possible at auction events.

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Topics: event-production, live auction, live auction items

Too Many Items? 4 Amazingly Simple Solutions to Top Live Auction Problems

Posted by Summy Lau on Aug 4, 2016 10:50:11 AM

Question: What do you think is the ideal number of items for a typical live auction?

6, 8, 15 or more?

We asked this in our last webinar and got a wide variety of responses:

The ideal number of live auction items for your nonprofit fundraiser

The correct answer is indeed 8 to 12 items.

Here's why: No matter how entertaining or engaging your auctioneer may be, people will only listen to his or her banter ("25, 25, 5, 25, 30, 35, 40, 45, holding at 45...") for so long. Once the crowd starts tuning out the auction, control of the room can be lost very quickly to table chatter and minglingand the rest of the night's event revenue is in serious trouble.

Simply put, the amount of money you make in a live auction drops off the more items you have in your auction.

Now, let's say you have too many items. We have nonprofits that go above and beyond the call of auction acquisition duty and end up procuring 20, 25, even 30 items that would be suitable for live auction. What then?

And what if you've procured too few?

Read on for 4 useful solutions to common live auction problems.

Problem 1: Too many items

"Did you say 8 to 12 live auction items? We have 25! What should we do with our extra items?"

Good news: Having more than 12 high-quality items that would be appropriate for a live auction is no problem at all!

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Topics: event-production, live auction, live auction items

5 Simple Strategies for Procuring Buzzworthy Auction Items this Spring

Posted by Summy Lau on Feb 4, 2016 11:38:25 AM

buzzworthy auction items

We've all heard April showers bring May flowers, but those in the nonprofit world know what else spring brings: a peak time for event fundraising. Preparation for galas, raffles and auctions has already begun filling the calendars of many nonprofits.

Auctions in particular can raise significant revenue in a short amount of time, but when it comes to procuring auction items that actually attract bidders, it's hard to know where to start. The collective sum of trusty auction standbys—think donated gift baskets, restaurant gift cards and jewelry—doesn’t draw in as much revenue as you’d like. Worse, they don’t generate the kind of “buzz” that gets people in the door, and give donors the impression of a "been there done that" event rather than an exciting shopping spree.

The good news: Careful planning and some creativity can help you curate an auction catalog worth talking about. In this post, we’ll review a few essential strategies to set up your auction for success.

Tip #1: Form an enthusiastic, well-informed committee dedicated to auction item procurement.

It can be tempting to task a development coordinator, volunteer manager or even the executive director of your organization with procuring donated items—in addition to everything they’re already doing to get ready for the event.

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Topics: auction-procurement, event-production, silent auction items, live auction items

5 Ways to Pick the Best Live Auction Travel Packages for Your Audience

Posted by Ian Lauth on Feb 3, 2015 9:44:00 AM

Get the Best Live Auction Travel Packages from Winspire

Tapping into your donors’ existing travel budgets is an excellent strategy for raising money. It gives your supporters the chance to use money they already have set aside for vacations to take an exciting trip and support a good cause at the same time.

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Topics: event-production, live auction items, travel budgets, nonprofit survey

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Meet Winston & Winnie, the Winspire Twins

Winston & Winnie love to help Nonprofits raise money for amazing causes. They also love to travel and have a bucket list of amazing Experiences they are determined to complete in their lifetime. Winspire News is the result of this shared passion, offering fundraising advice, industry news and insight into charity fundraising with travel.