An idea to earn money for your benefit fundraiser: The Buy It Now!
I recently learned of a great idea that you can use to earn even more money at your profit fundraising event. It’s an idea to add to your raffles, sweepstakes, games, and auctions, and it’s copied straight from eBay! Sounds interesting?
Your silent auction will likely require your guests to simply write their name and the amount of their bid for a particular item. The hope is that throughout the hours of your fundraising event, the auction participants will continually try to outdo each other, thereby increasing the price of the item. Some participants find this process frustrating as they have to spend the entire afternoon or evening frequently reviewing the bid sheet and outbid the previous bidder. They also continually check the clock as the end of the silent auction nears, and with minutes to go, these people stand at the auction table in front of their item, competing with three other people, frantically placing whatever are waiting. be the latest and greatest offer.
eBay has a great feature that I have used many times that you can use in your silent auction. It’s called Buy It Now! This feature is a boon for people who want an item but don’t want to sit at their computers for days and outbid other auction participants. eBay sets a price Buy it now! – $ 19.95 for a t-shirt, for example. If I really want that shirt, I take advantage Buy it now! Sure, I could have entered the auction, bid for 5 days, and won the shirt for $ 5.95, but I didn’t care. He wanted the shirt and had neither the time nor the patience to play the bidding game.
Use the Buy It Now! at the silent auction at your profit fundraising event. Let’s imagine someone donated 4 tickets to a Green Bay Packers football game at Lambeau Field in Green Bay to your silent auction. As of this writing, the face value of 4 tickets is roughly $ 75 each or $ 300. His hope is that the people who came to his benefit to support a good cause will be generous and can even bid up to $ 500 for the tickets. tickets. But what if there is one person in the crowd who really wants the tickets and for whom money is not an issue? What if that person doesn’t want to spend the whole night pushing, passing, pushing, and passing again? What happens if you put a Buy It Now price on tickets at $ 1000? Mr. Moneybags can sweep them up in a jiffy! And if it doesn’t, what have you lost? Any. Your auction continues and a generous bidder wins the tickets for $ 500. You have still done very well on that subject. It is worth a chance!