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virtual auction fundraiser

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virtual auction fundraiser

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  1. How to Hold a Virtual Auction Fundraiser Holding an auction fundraiser has been one of the most effective methods of non-profit organizations to raise funds. But the Covid-19 pandemic has forced these agencies to shift to a virtual auction fundraiserto sustain themselves and keep all projects running.

  2. If you have not held a virtual auction fundraiser before, here are some tips on how to do so. • Select a well-established site that does not charge high fees while offering a host of benefits. These include display of items, bidders’ registration, access to payment gateways, and allowing people to bid within a scheduled time. The ideal auction period is one to three weeks. • The key to holding a successful virtual auction fundraiseis to organize the goods for auction well. You do not pay for the items but solicit them from people who are sympathetic to your cause. Almost anything sells in virtual auctions, from vacation packages to small flea market items. Find the value of the items from the merchants before deciding the reserve price.

  3. Promote the charity or cause that is the reason for the virtual auction fundraiser. Spread word about the fundraiser through newsletters, email, and your social media pages so that more people can register and join in. • Decide the starting bids at about 25 to 50 percent of the cost of the items so that by the end of the bid, the market value would have been reached. A top-end value can be set for any product where a bidder starting at 150% of the market value gets the item straightaway bypassing the bidding. Once the virtual auction fundraiser is completed the shipping and delivery too should go off without a hitch.

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