Silent auction is different in comparison to the traditional auction in which the auctioneer announces the cost of the items. Silent auctions are when the bid is recorded on the paper, and the auction will end at a scheduled times or, sometimes, at an unknown date. This kind of auction is a fantastic method of raising money for an event that is charitable. Since it can be quite difficult and time-consuming, it is recommended to be aware of some rules for silent auctions to ensure you make more money.
Location: The location of the silent auction is crucial and it is important to place your auction items close to the ticket sale location. Anyone who is in a line to purchase tickets will have an opportunity to see the items being auctioned off at auctions. It is important to select the entry point which is a lot the most crowds.
Offer a broad range of products:
One of the most effective silent auction strategies is to present a wide range of items that are practical in the real world. Be sure to include things that appeal to different types of buyers. It is possible to offer gift certificates for spa treatments tickets to new films or clothing, etc. It’s beneficial to purchase items that cannot be purchased in a hurry. For example the dinner you have with a famous person can be an excellent auction item.
Attractive display:
It is essential to place your top items in the most prominent places. It is also possible to arrange for lighting to highlight the objects. You could also use an inspirational background to create a dramatic impact. It is more beneficial to allow the guests to touch and feel things that appeal to them. Instead of distributing over a large number of small objects You can put like items in an organized package and place them in a beautiful basket. The bidders will want to look at the objects. Before they make their bids it is essential to provide adequate illumination to the area where the auction takes place. If you are displaying valuable objects, make sure you ensure they are secured. You can put them in attractive, secure display cases. The display of things in a stylish manner is a helpful silent auction technique which can help you earn additional money.
Set up a system for simple bidding:
The bidders will always have something to hand, like the tea cup, cola or purse. Therefore, it is advisable to enable bidders to bid with just one hand. Provide a bid sheet and a description. Also, provide an item with a pen beside every item so that bidders are able to place his bid. Utilizing these simple silent auction guidelines can assist you get the desired results quickly.
Give yourself enough time:
Before closing the auction, ensure that you allow enough time to all bidders. You could give them a notice prior to close the auction. This will increase the interest of bidders and motivate them to make bids at the very last moment.
After the auction is over and distributing the winnings in the middle of the auction. This is a great silent auction strategy that will help to build excitement in people who attend the next auction.
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