Tuesday, March 11, 2014

Understanding How To Hold An Auction Fundraiser

By Jaclyn Hurley


In case you are thinking of raising money for a charity course but you are unsure of the way out, organizing an action fundraiser event may be the best solution out. This can be the focal of a great evening or even a whole day and is very easy way of fund raising for any charitable course. How to hold an auction fundraiser however may not be a question that a first timer can answer, the reason why some tips may be helpful to get one through.

The first thing to consider is the nature of event as this determines many aspects of such event. The time, venue, date and many other aspects depends on the course of the event. For instance, when it is for raising money for a children home or any other reason that has to do with children well-being, then the event is best held on a fun day when many families are able to attend. Such events are also best organized on day time while the events where the main audience is adults are best organized in the evenings.

The rule of the thumb is that the item always goes to the highest bidder. In order to get the best deal out of this, the item needs to be unique and decent. As much as possible, the item should be unique and rare as this encourages participants to fight for the possession giving out extra cash in the process. The other trick is to auction items from celebrities. If the participants are informed in advance that the items to be auctioned comes from notable celebrities, their curiosity increases and more people are likely to attend with more cash.

Major expenses related to hall rental, beverages, food, decorations, sound system and all printing and fees if any must be estimated with the goal of ensuring that they are far below amount expected to be raised. In order to increase income, options available include charging admission, soliciting sponsorship, selling signature drinks, holding raffles or even balloon pops among several other activities that may increase income.

Hiring expert auctioneers for such event is also very important. These guys have the proper knowledge on how to maximize on the opportunity, properly manage the unction and get the maximum possible cash from the pockets of those who attend the event. Giving an item its maximum worth requires special skills that may not be possessed by any ordinary person. For charitable course, these experts are always willing to provide their services at no value.

After everything is in place, considering hiring a professional auctioneer as they can make the event lively, fun and enjoyable as it ought to be. With a professional for the job, more cash is likely to be raised as they have the necessary expertise to get the best price for the items. They may not charge for their services making the deal even sweeter.

There are several other ideas that can be put in place to ensure that event is a success. The auctioning fundraiser can be combined with other events or get organized as the main event. In either case, it is important to come up with workable goals in terms of how many people are expected, how many items are available for bidding and how much is expected to be raised from biding.

With a working budget and everything else in place, the last thing to consider is assigning people with specific duties to avoid confusion and delays during the event. In the same manner, it is best to come up with a seating plan for the day.




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