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Event StrategiesHidden Fundraising Strategies for Benefit AuctionsBy Kathy Kingston, Kingston Auction Company
Benefit auctions are philanthropic and fun and can promote a positive organizational culture while raising significant money for important causes. By focusing on these often-overlooked revenue-producing strategies, nonprofits can boost their auction revenue to a new level. #1. Bid Now - Dance Later!Timing is everything. Plan a minute-by-minute schedule or "show flow" of your entire event and stick to it. Remember, the majority of your revenue is in the live auction; so place it prominently in your event. A fast-paced and exciting auction keeps guests in their seats bidding longer! #2. Your Cause is the Star!Connect the audience to your cause, and they will bid generously. Precede your live auction with a short, heartfelt pitch about the benefits of their financial support. Write up a few bullet points about your organization, why you need the funds, including facts and figures, for your auctioneer to inspire your guests throughout the auction. #3. Audience DevelopmentAlthough procurement of great auction items remains a priority, filling your venue with the right bidders is critical to your success. Conduct a targeted campaign to identify, invite and cultivate major donors, prospects and influence leaders. Know what your audience wants and solicit those types of auction items to generate excitement and more profit. "Power bidders" at your event can boost your auction to the next level, now! ©Kathy A. Kingston. All rights reserved. Please visit www.kingstonauction.com for more information. Save the date: Email marketing@auctionpay.com to request an invitation to auction seminars in Boston and Rhode Island Dec. 1 and 2, presented by Kathy Kingston and Auctionpay. |
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