Your destination for insight into the world of event fundraising, charity auctions and no-risk travel packages.
The easiest way to set opening bids in your live auction, is to leave it to the pros! Check out these real-life submissions from recent webinar Q&As... "Do fundraising auctioneers typically know how to start the bidding in a live auction, and do you have any recommendations as to what amounts to start at?"
When it comes to procuring auction items, we always encourage nonprofits to think outside the box. After all, your donors are sophisticated philanthropists who attend multiple fundraisers each year, and unique items like travel Experiences keep your event fresh, relevant and interesting. The catch: These items are among the most challenging to get donated.
Successful charity galas rely on strong auctions. At most auction events there are the usual suspects – gift baskets, hair removal services (..ew), and dinner at a fine restaurant in town. Unique travel experiences, on the other hand, continue to be one of the most-anticipated and best-selling auction items in the industry. However, while offering unique excursions is important to an event’s overall profitability, charities are sometimes hesitant to partner with a consignment travel company. Explore these four common concerns about using consignment travel to better understand how this service can benefit your charity: 1. The trips seem too expensive for our donors. Underestimating your donors’ spending capabilities is one of the quickest ways to dampen your auction results. Big donors are sophisticated buyers who come to your event with a spending budget in mind. We hear this repeatedly from the thousands of winning bidders who redeem Winspire Experiences every year. In fact, we survey each of them when they return from their trip – primarily to gather feedback about their experience - but also to learn more about event fundraising dynamics from their perspective. Our surveys show that 76% of donors attend at least four charity events annually, and 42% of the winning bidders budget at least $10,000 each year for vacation travel. These are savvy auction veterans!
In a perfect world, auction committees would have no problem getting unique and exciting charity auction items donated for their fundraising events. Anyone who has served on a charity auction committee knows this is rarely the case.
Successful Nonprofit auctions engage attendees and inspire fierce bidding. The amount of money that can potentially be raised is directly correlated to what is up for auction, and baskets and gift cards can only go so far – these types of items will quickly reach their max value and bidding will cease. Plan and design your event to raise more money by keeping bidders interested with fewer high-value, attention-grabbing items.
The Scenario: You and your auction planning committee hold a successful wish list party and your procurement team leaves pumped and excited, with a long list of ideas for unique auction items to retrieve. Fast-forward a couple months to a few weeks before your event... and you realize no one has had success acquiring any of the items on your wish list. Sound familiar? Then it may be time to consider the possibility of reserving consignment items for your benefit auction.