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The Easiest Way to Set Opening Bids on Live Auction Items

Posted by Summy Lau on Aug 22, 2017 9:50:49 AM

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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?"

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Topics: no-risk-auction-items, event-production, benefit auctioneer, consignment

How No-risk Auction Items Take the Bite Out of Procurement

Posted by Summy Lau on Jan 5, 2017 10:13:43 AM

As we kick off 2017, spring fundraising season inches closer and closer. For many event organizers, this can be a stressful time. Check out this recent graphic from USA Today:

How No-risk Auction Items Take the Bite Out of Procurement

Indeed, for the fifth year in a row, "Event Coordinators" made the list of the 10 most stressful jobs of 2016 - a trend not likely to change in 2017.

For fundraising events, a huge part of the problem is procuring quality auction items.

The Scenario: You and your auction planning committee hold a successful wish list party and your procurement team leaves pumped, with a long list of ideas for unique auction items to retrieve. Fast forward a couple months. There's just a few weeks before your event. Your committee meets up one last time...and you realize the list of 'wins' from your wish list is a lot shorter than you thought.

Our latest Winspire News survey confirms this is a common struggle, with 1 in 3 readers ranking item procurement as their biggest fundraising challenge.

Thankfully, there's a better way.

If your auction catalog has gaps or lacks the "wow" factor that garners high bids, reserving consignment items for your auction can be a winning solution.

"Consignment" literally translates to the act of placing an item in the hand of another, but retaining ownership until the goods are sold. In the auction world, this means a company will lend you an item to include in your auction with no upfront cost. Then, if the item is actually sold, you buy the item from that company using a portion of the proceeds, and the remaining difference is your profit.

Why offer no-risk items if you don’t get to keep all of the money?

Read on for a few ways consignment items can make your life a whole lot easier and still generate a lot of money for your cause.

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Topics: procurement, no-risk-auction-items, event-production

9 Ways Online Auctions Boost Year-Round Giving

Posted by Summy Lau on Nov 30, 2016 10:02:47 AM

Holiday online auctions boost year-end giving for nonprofitsWith Giving Tuesday behind us, it's time to close 2016 strong. You know the impact of December giving is huge. In fact, CharityNavigator.org reports 31 percent of all annual donations occur this month!

Today we'll look at one simple but commonly overlooked strategy for supercharging year-end revenue: running an online auction.

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Topics: holiday-season, fundraising, no-risk-auction-items, happy-new-year, merry-christmas, online donors

Top 10 Reasons to Use No-Risk Auction Items

Posted by Ian Lauth on Feb 27, 2012 2:00:00 AM
Top Ten Reasons to Use No-Risk Auction Items

1. Priceless Experiences: Many of our packages are items you can’t ordinarily access or are available only through Winspire. Because these experiences are priceless and difficult to value, bidders will pay whatever it takes to win them… ultimately making your Nonprofit more money.

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Topics: best-sold-silent-auction-items, Winspire News, fundraising, no-risk-auction-items, Winspire Packages, nonprofits, 10-reasons-to-use-no-risk, unique-experiences, top-10, donor-relations, travel-experiences, event-production

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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.