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Best fundraising platforms

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Best fundraising platforms

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  1. AGuidetoHoldingOnlineAuctionstoSellItems • Holdingonlineauctionstosellitemsisthelifebloodofmostnon-profitorganizations.Buthaveyouevertrieditbefore?Ifno, hereisaguidethatwillhelpyousellmostitemsatanonlineauctionandmakea goodprofitfrom itifyoucangarneratleast 200membersforyourpage onanonline auctionsite. • The basicstepstoholdinganonlineauctionare asbelow. • Selectavendor:Gothroughawell-establishedauctionsiteandforareasonablefeeandtransactioncommission,geta hostofbenefits.Theseincludedisplayingitems,allowingbidderstoregister,enteringcreditcardinformationand providingaccesstoapaymentgateway,andallowingpeopletobidwithinasetperiod.Theidealauctionperiodisusually onetothree weeks. • Organize the goods:Thereasonwhyonlineauctionstosellitemsworksowellisbecauseyoudonotpayfortheitems. Instead,yousolicitthemfromanybody whowillbelieveinyourfundraisingcause–localmerchants,volunteers,and more.Almostanythingsells,fromsmalltackyitemstovacationpackages.Startsolicitingforitemsatleastthreetosix monthsinadvance.Bringinasmanyitemsasyoucanreasonablystore,handle,andship.Takephotos ofeveryitemand setavalueforeachofthem afteraskingthemerchants.Youhavetoknowthistodeterminethestartingbidsandtell bidders fortaxpurposes. • Promoteyourcause:Afterthisgroundwork,promotethecharity,bothbeforeandduringtheauction.Peoplegenerally avoidonlineauctionstosellitemswithoutaparticularcausethatneedssupport.Spreadthewordabouttheauction throughnewsletters,websites,andsocialmedia pages. • Setstartbids:Onlineauctionstosellitemstypicallyhavestartingbidsthatvarybetween25%to50%ofthemarketvalue oftheitemssothatattheendofthebidding,theamountshouldreachatleasttheactualcostofthegoods.Youcanalso setatop-endamountwhereapersonbiddingthatgetstheitemstraightaway.Itisusually150%ofthemarketvalue. • Hold the auction: Once the auction opens, be prepared to face a wave if you have promoted the event optimally. The largest volume of the bidding usually takes place in the first 48 hours. Post news on your social media pages to keep biddersinformedsothattheykeepatittillthe veryend,makingthe auctionanoverallmemorableevent. • Oncetheauctionisdone,youwillhavetoarrangefordeliveryandshipping.Whenthegoodsaredirectlysourcedfrom the merchantsyoucaneitherbearthe shippingcostsorwarnthebiddersthattheyhavetopayandthenreimbursethemerchant.Be careful thoughwithinternational shippingasthat canbea bother.

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