If you’re running a silent auction, setting the proper starting bid, bid steps and buy-it-now price will result in higher bids and bigger donations. Starting Bids Here are some rules of thumb for setting the starting bid (AKA minimum bid) for your silent auction items. Type of Item Starting Bid TravelPledge Experience Use the TravelPledge-provided starting bid, […]
We’ll get right to it. Here are answers to the most common questions about charity silent auctions:
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 […]
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 […]
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 […]
