Auction Auctions can be conducted in two ways live or silent. Preparation for each of – these is very similar and you should hold this type of fundraiser in conjunction with another event (e.g. a banquet, homecoming reunion, tournament, home game, etc.): The keys to hosting a successful auction are drawing people to the event and securing donations. Donations for the auction can vary from clothing to gift certificates to tickets to an athletic event. Try to secure a wide variety of prizes to appeal to the largest variety of people. Set a date and time for the event and invite numerous people to attend. Advertise with flyers and posters around campus and around town if you really want a crowd. In a silent auction, the items are placed on tables throughout the room with information on the item, sponsor, and estimated value. Individuals bid by placing their name, phone number, and bid on the sheet corresponding to each item. After a designated time, the bids are closed and the highest bidder wins the prize. Bidders may bid as many times as they wish on items. For a live auction, a captive audience is necessary. Try to secure an auctioneer or someone with a large personality to host the event and add to the atmosphere. People place bids by raising their hand. Prize goes to the highest bidder. Time Required: 10-20+ hours; dependent upon solicitation of prizes Risk: Minimal; mainly time investment Profit: Approximately $500; dependent upon numbers and of prizes Calendar Lottery Pick a month of the year and sell that advertise a raffle winner each “calendars” week day: Prizes can be restaurant gift certificates, game tickets, or donated merchandise. In addition, merchants that donate prizes may place a corporate logo/contact phone number on their date to encourage participation. The calendar’s selling price (i.e. $5, $10, $20) should be determined based upon the value of the prizes. Example:
Auction Auctions can be conducted in two ways – live or silent. Preparation for each of these is very similar and you should hold this type of fundraiser in conjunction with another event (e.g. a banquet, homecoming reunion, tournament, home game, etc.): The keys to hosting a successful auction are drawing people to the event and securing donations. Donations for the auction can vary from clothing to gift certificates to tickets to an athletic event. Try to secure a wide variety of prizes to appeal to the largest variety of people. Set a date and time for the event and invite numerous people to attend. Advertise with flyers and posters around campus and around town if you really want a crowd. In a silent auction, the items are placed on tables throughout the room with information on the item, sponsor, and estimated value. Individuals bid by placing their name, phone number, and bid on the sheet corresponding to each item. After a designated time, the bids are closed and the highest bidder wins the prize. Bidders may bid as many times as they wish on items. For a live auction, a captive audience is necessary. Try to secure an auctioneer or someone with a large personality to host the event and add to the atmosphere. People place bids by raising their hand. Prize goes to the highest bidder. Time Required: 10-20+ hours; dependent upon solicitation of prizes Risk: Minimal; mainly time investment Profit: Approximately $500; dependent upon numbers and of prizes Calendar Lottery Pick a month of the year and sell “calendars” that advertise a raffle winner each week day: Prizes can be restaurant gift certificates, game tickets, or donated merchandise. In addition, merchants that donate prizes may place a corporate logo/contact phone number on their date to encourage participation. The calendar’s selling price (i.e. $5, $10, $20) should be determined based upon the value of the prizes. Example: