Real Estate

An idea to make money for your benefit fundraiser: the Buy It Now!

Recently, I found out about a great idea that you can use to earn even more money in your profit fundraiser. It’s an idea to add to your raffles, drawings, games, and auctions, and it’s copied straight from eBay! Sounds interesting?

Your silent auction will likely require your guests to simply write their name and the amount of their bid on a particular item. The hope is that throughout the hours of your fundraising event, auction participants will continually try to outperform others, thereby increasing the price of the item. Some participants find this process frustrating as they have to spend the entire afternoon or evening frequently reviewing the bid sheet and outperforming the previous bidder. They also continually check the clock as the end of the silent auction nears, and with minutes to go, these people stand at the auction table in front of their item, competing with three other people, frantically placing whatever they expect it to happen. be the latest and greatest offer.

eBay has a great feature that I have used many times that you can use in your silent auction. It’s called Buy It Now. This feature is a boon for people who want an item but don’t want to sit in front of their computers for days beating other auction participants. eBay sets a price Buy it now! ($ 19.95 for a T-shirt, for example). If I really want that shirt, I take advantage of Buy It Now. It is true that I could have participated in the auction, bid for 5 days and won the shirt for $ 5.95, but I did not care. I wanted the shirt and didn’t have the time or patience to play the bidding game.

Use the Buy It Now Silent Auction option at your benefits fundraiser! Let’s imagine someone donated 4 tickets to a Green Bay Packers football game at Lambeau Field in Green Bay to your silent auction. At the time of writing this article, the face value of 4 tickets is approximately $ 75 each or $ 300. His hope is that the people who have come to his benefit to support a good cause will be generous and even bid up to $ 500 for tickets. But what if there is one person in the crowd who really wants the tickets and for whom money is not an issue? What if that person doesn’t want to spend the whole night pushing, checking, pushing, and rechecking? What happens if you put a Buy It Now price on tickets of $ 1000? Mr. Moneybags can sweep them away in the blink of an eye! And if it doesn’t, what have you lost? Not a thing. His auction continues and a generous bidder wins the tickets for $ 500. You have still done very well on that subject. It is worth a chance!

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