Quick Answer: How Do I Do A Silent Auction Online?

How do you procure an auction item?

Steps for Procuring Auction ItemsStep 1: Review Donor Data.Step 2: Put Together a Procurement Team.Step 3: Solicit Auction Items.Step 4: Track Your Donations.Step 5: Print Out a Master List..

How do I do a silent auction?

How to Run a Silent Auction: The Day OfGet to the venue and set up. … Start welcoming guests. … Officially announce the beginning of bidding. … Attend to other programming. … Check in with guests. … Close your auction. … Declare the winning bids. … Send out a post-event survey.

How many silent auction items should I have?

A rule of thumb is to offer 1 to 1.5 items per bidder. This is the amount of product that provides enough scarcity to drive up bidding. To determine how many bidders to expect, analyze your audience.

How do I set up an online auction?

Here are the basic steps to holding an online auction:Choose a vendor. … Solicit goods. … Decide when enough is enough. … Collect or take photos. … Determine fair market values. … Set starting bid amounts. … Let people know about the auction. … Present goods in an attractive light to bidders.More items…

How much does it cost to have an auction?

Auctioneers’ fees can range from 1.5 percent to 4 percent of sale price. The lower the property’s value, the higher the fee. Sellers pay for advertising, ranging from about $800 to $1,200. Auctioneers go for “impact marketing” that spotlights the individual property and targets potential buyers, Ziegler said.

What are good silent auction items?

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

What are auction items called?

Lot: An item or set of items for sale in an auction, lots are normally denoted by a “lot” number.

What companies donate to silent auctions?

Fundraising Auction SourcesAlbertsons – Often work with organizations they have a relationship with. … American Eagle – Check the website or call your local store. … American Girl – Is perfect for elementary events for kids under 12.AirTran – Click to see if their donation options work for your event.More items…

How long should a silent auction last?

1-½ hoursDon’t allow more than 1-½ hours for your silent auction. Don’t keep the silent auction open during the live auction or fund a need. Have a great sound system for making pertinent announcements. Have a professional auctioneer making announcements pertaining to the silent auction during this part of your event.

How do you display items in a silent auction?

Once you’ve imagined the best possible displays, you’ll need to write creative descriptions for your silent auction items.Start with catchy titles. Always lead with an eye-catching headline! … Set the scene. Help your silent auction bidders imagine winning each item. … Include the details.

What is a good auction item?

Charity Auction Item IdeasTravel Package. Ease. ✓ ✓ Bid Amount. … Signed Memorabilia. Ease. ✓ Bid Amount. … City Bar Crawl. Ease. ✓ ✓ ✓ ✓ Bid Amount. … Best Pizza In Town. Ease. ✓ ✓ ✓ Bid Amount. … Gift Baskets. Ease. ✓ ✓ ✓ ✓ ✓ Bid Amount. … Custom Artwork. Ease. ✓ ✓ … Reading from a Popular Children’s Author. Ease. ✓ … 20 Hours with a Personal Assistant. Ease. ✓ ✓ ✓ ✓More items…

What sells well at auction?

Small collectibles have big value That includes dishes and jewelry. Even costume jewelry does very well at auction and estate sales. Here are some other examples of items that move at a sale of estate property. Collectibles, such as stamps and coins, are making a comeback because of their rarity.

What is a good starting bid for a silent auction?

Donated Items: For donated items, the starting bid should be 30% of the fair market value (FMV) of the item. For example, if an item’s fair market value is $100, you should start bidding at $30. Consignment Items: For consignment items, bidding should start at 10% above the cost of the item to the charity.

What is currently the largest auction site?

eBay is undoubtedly the largest auction site on the internet and prides itself as the biggest online shopping mall with over 100 million registered users. eBay is also the best-known online auction site because they offer the safest marketplace platform for both buyers and sellers alike.

Can I hold my own auction?

Yes, people in the United States can sell (by auction or otherwise) their own property themselves. In other words, without the use of an auctioneer, real estate licensee, appraiser, surveyor, attorney … an owner can “do it himself.” … As such, the owner utilizes an online auction platform presumably for some nominal fee.

How do you do a silent auction online on Facebook?

To make a bid for an Online Silent Auction item, simply type the amount you wish to bid in the comment section of the item picture on Facebook. The opening bid on each item will be listed. Each subsequent bid must follow the minimum increment of $5.00.

How do you buy things for a silent auction?

Silent Auction Bidding Technology NewsAcquire items across a broad price range. … Make this a team (committee) effort! … Get visual with your planning process! … Connect the donation to an outcome. … Be overly grateful for anything you get. … Thank your donors and invite them to your event if you can.