The trend in auction galas is to go more minimalist, selling fewer items, offering fewer activities, and so forth. Even so, today I'm talking about adding a revenue line to your budget by selling the auction decor you've bought (or created) to decorate your venue. Decor is a cost-center. But with some planning, you might be able to sell some of it. This might allow your committee to break even on the décor purchases, or perhaps make a bit of profit. In the video, you’ll see: ... Read On >
Video
Silent auction bid sheets: Using Buy Now the right way
Guaranteed Purchase (also known as Buy Now, Win It Now, Take It Home, Guaranteed Buy, and many other names) allows guests at your fundraising auction to buy an item in the silent auction at a set price. It's used on both paper bid sheets and incorporated into mobile bidding (electronic bidding) auction software systems. I like to think of Guaranteed Purchase as a convenience fee. The Guaranteed Purchase price is often set to be 150% to 200% of the value of the item. Thus, a $100 item ... Read On >
Childcare services at the auction
Here's an idea that can make it easier for guests to accept your gala invitation: childcare services. Providing this service for free or for a reduced price is attractive to those with young children who might otherwise turn down a chance to attend your event. Although this is something I most often see offered by schools, nonprofit galas can also make this work. In the video, you'll see examples and hear about three auction teams who offered childcare services during their ... Read On >
Gift tree, Wish Wall, and other direct sale items in your auction
I received this email from Jessica. She wrote: "I follow your blog and I recently had an idea I wanted your thoughts on. We always do a Silent Auction at our Benefit Event and sometimes get bids of $100 on a $20 gift card. So my thought was to create bid sheets for items that our non-profit needs. For example, we could have one that says Pizza Night for Youth – $50, or sponsor a Foster Child's Birthday – $25. Have you seen anything like this before? Do you have any suggestions?" The short ... Read On >
ChatGPT for auction planning
Today I participated in an educational panel focused on event planning for associations. One of the participant questions was about ChatGPT. She wanted to know if and how anyone was using it. "What is ChatGPT?" was one of the first comments back. ChatGPT is not really an "auction tool" or an "event tool," though it certainly can be used for both. I find it creepy, so I've been avoiding publishing anything about it. But with her posed question, I suspect others might also be wondering ... Read On >