Mitch-Stuart is one of the nation's leading providers of consignment fundraising and
incentive travel packages. Having generated over one billion dollars for over 10,000 charities, the company's unique
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
nonprofit organizations in fundraising but provide incentives for businesses as well.
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December 14, 2016
If asking for donations is tough, asking for big donations can be terrifying. But if you’re not asking for more money, you won’t get it.
One of the most common worries we hear from auction planners is that they’re not sure that their donors can afford one of our non-profit fundraising auction travel packages. But as our Senior Vice President Michael Upp and auctioneer Kathy Kingston recently detailed on their “Mythbusters” teleseminar, that line of thinking may leave your organization with a smaller haul from a gala event.
It may be true, for instance, that some of your donors will not be able to afford a big-ticket auction item. Whether it’s a younger supporter or one who gives more to your organization by volunteering, not everyone will have the same resources at their disposal. But to focus on your average donor when planning an auction can severely limit the amount of money you raise. After all, it doesn’t take a room full of bidders to win a trip – just a couple of them with generous, open wallets. If only one person will win the item in question, then focusing on the biggest donors makes sense.
In addition, spending is not always done with the logical side of the brain. There’s a cliché in the sales world, “people buy on emotion and justify with logic,” and that may be even truer when it comes to giving to a cause for which they are passionate. According to Harvard Business School’s Gerald Zaltman, an astounding 95 percent of purchase decisions are made unconsciously. So even if your donors may not think that they’re looking to spend a lot of money at your gala, they may *feel* like it’s a good idea – and that can be a big motivator.
Finally, to worry about your donors not having the money to bid on big-ticket items is to worry about something unknowable. It could be, for instance, that a supporter who rarely gives more than a few dollars at a time has been saving up for a once-in-a-lifetime trip. Or maybe a bidder just got a big raise at work and is looking to use it on a major vacation. In order for your donors to surprise you with their generosity, you have to give them the opportunity.
According to a 2012 fundraising study, 44 percent of donors say they could have afforded a bigger contribution to their favorite causes. By offering more expensive auction items, you give those supporters a chance to help more.