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travel experiences and travel packages are used for auctions, raffles, golf tournaments, galas, major donor gifts
and other fundraising events. Mitch-Stuart specializes in unique no-risk travel programs that not only serve
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Three Ways to Supercharge Your Fundraising Auction
September 14, 2016
If your organization has been running fundraising auctions at gala events, you might have, by now, fallen into a pattern. You know when the decorations go up, you know who to contact for food, and you even know which emcee or professional auctioneer to call.
But just because a certain idea or decision has become automatic doesnít mean that itís the best one for your organization. Itís good to reexamine those automatic choices that you may be making for your fundraising auction from time to time, just to make sure that youíre earning every dollar possible for your cause.
Need some new ideas? Here are three small ways to maximize fundraising auctionís earning potential.
Shake It Up: Itís tempting to arrange the items of a gala auction in the same way one would arrange an award show: Opening with the smaller items, and then building to the big money-earners. And it makes sense on an emotional level, to crescendo throughout the event to its climactic end. However, from a pure money-raising standpoint, leaving the biggest items until the end may mean keeping some of your biggest supporters on the sidelines. After all, if a donor has set a budget for their bidding and really wants, say, that gorgeous trip to Bali, he or she could sit out earlier items of interest to ďsave up.Ē And then if that supporter doesnít win the trip, the budget goes home, rather than into a different purchase. Mixing up the order of items Ė a couple of smaller ones, then one of the big-money lots, then back to a couple of smaller ones Ė makes it more likely that your biggest monetary supporters will walk away with something.
Dream BIG: If you want to raise big funds from an auction, you have to ask for big funds. Sure, youíll have a certain number of donors willing to overpay for a basket of goods from local artisans (and putting that basket together will help strengthen ties to your community, as well), but you canít get what you donít request. So, upgrade that trip: Offer the weeklong European sojourn alongside the weekend in Las Vegas (with our consignment travel packages, you donít have to pay for them unless they sell, anyway). Give your donors the chance to step up to the plate; you may be surprised by what happens.
Something for Everyone: On the other end of the spectrum, though, there will be some donors who canít pay for the luxury travel, the expensive memorabilia, or even the local artist gift basket. Maybe they just believe in your cause so much, they wanted to support it in person, on its biggest night. Not only do you want to make sure that they have a great time, but you also want to give them the chance to participate in the gala fundraising. Thatís where a good raffle can come into play. Giving people the option of trying to win a big prize via a small donation and a drawing keeps smaller donors engaged throughout the evening as a participant, not just an observer. Itís one easy way to make sure everyone in the room is excited Ė while still generating revenue for your non-profit.