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Learn How To Hold An Auction Fundraiser

Sunday, February 16, 2014

By Krystal Branch


There are those times that an organizations or individuals want to meet their financial obligations but have fallen short. In such a scenario, the best move is to organize an auction fundraiser. This is a practice that has been in existence for a long time, but most people still do not know how to effect it. Before trying it out, you need to know how to hold an auction fundraiser.

When planning for an event to raise money for whatever reasons, you need to consider a good item for the event. Timing is also very important for such events because people have tight schedules. Good timing is also important if you are targeting a certain class of people to participate in the event.

The item to be auctioned during the event should be unique and something that cannot be found in stores. This will help to attract more participants and the price will be raised in stages during the auction. To attract more participants, you can talk to a famous celebrity to give an item to be auctioned. When people get the news on what is on offer especially from a famous celebrity, they will come in their hundreds and this means more money for the event.

Good publicity of the event must also be taken into considerations. The truth is that, individuals don't grace these functions if they are not given information on time. You must try your best to exhaust all the advertising avenues to inform individuals about the day of the function. You can also use social platforms like twitter and Facebook because it is an easy method of reaching thousands of people.

The other way to attract people to such an event is to invite a famous person to be part of the proceedings. This figurehead can give motivation speeches that would make people propose higher bids for the item. This tactic has been used by companies and charitable organizations as it helps meet the organizers objectives.

Professional auctioneers should also attend these events, as they have skills to manage the exercise better. A professional in this industry will come with good skills needed to raise the price of the item being auctioned. You should not worry about hiring these professionals because if it is a charitable event, they can volunteer their services.

Preparations for such events must include security. This is because those attending would want to be secure as they participate in the proceedings. It is also a wise move because such events also attract people of different characters and some may plan for robbery.

Having the right information on how to hold an auction fundraiser event is necessary. This is an event that cannot be well planned by a person doing it for the first time, but when you follow this guideline, everything will be easy. So, ensure to plan for the venue, get a unique item for auction, arrange for security and everything will go well.




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