Many charity organizations are losing key donors; and this year has seen an increase in the number of charity auction events scheduled by all types of nonprofits, large and small, attempting to replace lost revenues.
Enter: The Silent Auction…
For many, this is the first year that they are adding a silent auction to their event, hoping for big results. From the silent auctions we’ve collaborated on, big results are exactly what they got!
With the economic downturn, most charities have seen a surge in the need for their services while their donations have been declining. Charities are looking for effective fundraising that will keep them stable through this economic time and a professional charity auction has become a proven method to maximise revenue.
Call in the Professionals
In the past, many organisations have conducted their events without hiring professionals from the events and fundraising sectors. With the economic situation as it is, they just can’t afford to take that risk now. Though professional auctioneers have seen an increase in calls from charities looking for creative advice on fundraising.
It’s key to the success of your silent auction event that you enlist the help of professionals that excel in creating charity auction events. Details such as choice of auction items, display and description of the lots plus the running of the auction itself, can all affect the end outcome if not considered carefully.
Recently, charities that have included a professional silent auction in their fundraising for the first time have been extremely pleased with the results. For many organisations, the money raised at a charity event will account for 60% of their yearly revenue. The cost of hiring a charity auction event professional is therefore well worth the reward.
Speak to the Bidtech team about how we can maximise revenue and donations for your silent auction event!