Wednesday, November 20, 2013

We have decided to get rid of our silent auction... Is there something that we can do to replace the revenue?

First off, we are seeing this trend more and more with nonprofit fundraising events.  The main complaints of a silent auction that we see and hear are:

1.  It is difficult to get enough quality items to properly fill a silent auction.  The correct ratio of items to guests should be one item for every three or four guests.

2.  The items we do get are just not that desirable for our guests.

3.  There is too much "manpower" involved.  It takes several volunteers manning tables, moving items, setting up, organizing for checkout, etc.

4.  Bidders are hovering over their favorite items and not letting other people bid.

5.  It takes too long to get to desirable bid amounts.

Well I'm here to tell you that a silent auction can be replaced with efficient, fun, profitable revenue enhancers that take very little manpower and procuring.  We are finding that our clients that embrace revenue enhancers in place of the traditional silent auction are making just as much, if not more revenue and their guests are having a lot of fun as well!

So what are these revenue enhancers you ask?  Elite Auctions and Fundraising Services have developed several options:
  • Heads or Tails
  • Champagne Diamond
  • Live Board
  • 100 Yard Dash
  • Auction Chicken
  • Sign up Board
  • Etc.
Remember doing things the same way and expecting different results is the definition of insanity!  Try spicing up your cocktail hour with revenue enhancers... Just contact Elite Auctions and Fundraising Services to find out more.  Sign up for our monthly auction secrets and tips here:  http://www.elitefundraisingauctions.com/sign-up-page.html

Visit our website at http://www.elitefundraisingauctions.com or call 661-477-2287.

Written by Mike Grigg (Professional Fundraising Auctioneer & Consultant)