Category: Running the Auction

Facebook app

Can You Run a Silent Auction on Facebook?

Many nonprofits are tempted to run their silent auction fundraiser on Facebook. After all, most of their supporters already have an account and Facebook doesn’t charge anything. But, are charity auctions even permitted according to Facebook’s terms of use? If so, what’s the best way to run a silent auction on Facebook? Drawbacks to Running a Silent […]

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Silent Auction Display

10 Tips to Increase Bidding at Your Silent Auction Fundraiser

In this post, you’ll learn 10 amazing tips to increase bidding at your silent auction fundraiser. 1. More items are not always better A good rule of thumb is to auction approximately one item for every two attendees. For example, if you expect 200 people, then the ideal number of Silent Auction items would be 100. If […]

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Auction Statistics key performance indicators

The Key Performance Indicators for Your Fundraising Auction

In this post, you’ll learn the key metrics you need to evaluate after each fundraising auction. These metrics will help you determine how you performed compared to last year and highlight what to improve. Revenue and Costs First, look at the big picture stats. Specifically, total revenue, total expenses and finally your expense ratio which is your […]

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Apply Nobel Prize Winners’ Findings to Your Benefit Auction

Two economists, Paul R. Milgrom and Robert B. Wilson, won the Nobel in economic science on Monday for improvements to auction theory and inventions of new auction formats. At TravelPledge, we are quite excited about auction theory getting so much attention in the news! We looked at a few of Milgrom and Wilson’s findings to see how […]

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online auction

Online Auctions: A Step-by-Step Quick Guide for Nonprofits (Guest Post)

Earlier this year, society came to a halt as COVID-19 spread to all corners of the globe. For nonprofits, this meant finding digital alternatives to their donor engagement activities in order to keep their doors open during this uncertain time. Even though the pandemic has turned society upside down, nonprofit fundraising doesn’t stop for anything. Thanks to […]

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frank kitchen speech coach

Are You Coaching Your Fund-A-Mission Speakers? (Guest Post)

It’s the night of your big fundraiser. The money raised will define your ability to execute your mission and impact the lives of the communities you serve in a positive way. Your organization has planned every detail. Everything is running smoothly. You’ve come to the point in the night when you will ask your donors (don’t call […]

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Chad Carvey Virtual Gala

I Just Hosted Two Virtual Live Galas. Here’s What I Learned (Guest Post)

As school fundraisers wrestle with the idea of a virtual live gala (VLG), I thought it would be helpful to share my experience as a benefit auctioneer who just hosted two of them. Spoiler Alert: VLG’s rock!  “FIRST SCHOOL” (March 13, 2020) On March 13, 2020—in response to the safety measures in place to slow the spread […]

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Thinking

Silent Auctions: How Many Items Should You Include for Bidding?

If you are holding a silent auction for a fundraiser, you may be having a difficult time determining how many items you should put up for bid. Too few and you risk not raising enough money, but too many and you stifle competitive bidding and spread the same amount of money across more items. What is the […]

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Silent Auction Display

14 “Musts” for Effective Silent Auction Displays

Most benefit auctions consist of several Silent Auctions and one Live Auction. Silent Auction setup is vital to the success of any auction, because this is the part of the evening that people experience first. For planning purposes, here are some guidelines to follow when doing advance planning for your Silent Auction: 1. Close your Silent Auction […]

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