What are the rules for a silent auction?

How do you bid on a silent auction sheet?

Do’s and Don’ts for Your Silent Auction
  • DO recruit your best volunteers.
  • DON’T over-procure silent auction items.
  • DO organize your items by section.
  • DON’T use paper bid sheets.
  • DO ensure your silent auction items will be profitable.
  • DO monitor the traffic flow.
  • DON’T forget to follow up.

How much can you make from a silent auction?

Do raffles or silent auctions make more money?

Do you put value on silent auction items?

A rule of thumb is that live auction items will produce 65-75% of their retail or fair market value, while silent auctions will result in 50-65% of their fair market value.

How do you secure a silent auction item?

Top Auction Item Categories
  • Travel. Travel-related silent auction items are always a huge hit.
  • Outings and Experiences.
  • Sports Tickets, Memorabilia, and Activities.
  • Music.
  • Food.

How many items should be in a silent auction?

The more people you can get money from, the more money you’ll raise. With raffles, you need more reach. With silent auction fewer people, but more motivated to participate in the auction bidding.

What can I raffle to make money?

How long should an online auction run?

For minimum bids, we suggest starting at 20 to 30 percent of the retail value of the item – never more than 50 percent. It’s also essential to put bid increments on the bid sheets. You don’t want people nickel and diming the charity in the silent auction, beating out the previous person by 1 or 2 dollars.

What are good live auction items?

Keep in mind that the best silent auction items tend to:
  1. Align with your supporters’ interests. The more your items match up with your supporters’ passions and hobbies, the more bids you’re going to see on those items.
  2. Fall into your supporters’ general price range.
  3. Offer something unique.
  4. Take advantage of hot trends.

How do you price auction items?

How many items should I assign to each silent auction section? Aim for 35 items per silent section, and try not to exceed 50. With more than 50 items, it becomes cumbersome for your guests to peruse the full contents of a section and remember what interests them.

What is currently the largest auction site?

Auction Length

The optimal auction length is seven to ten days. Running for less than seven days = not enough time to benefit from word-of-mouth. find out if they won an item.

How long should a silent auction last?

How do you win an online auction?

Buyers can place their bids from anywhere in the world via their mobile device or computer, which can increase participation, encourage competition and drive up selling prices. A lack of time restrictions: Unlike an in-person auction, an online silent auction can last indefinitely (though we recommend 7-10 days).