Should you host a Silent or Live Auction?

You’ve decided to host a benefit auction at your next big non-profit fundraising event — that’s great! You’ve taken an important step toward successful fundraising. Now you are faced with a few important decisions while planning the event, which can be overwhelming.
One of the first things you’ll have to decide is whether to have a live or silent benefit auction. How do you know which is better for your organisation’s big night? Well, before we get ahead of ourselves, first let’s talk about the difference between the two.
Live auctions require an auctioneer who will engage attendees and encourage guests to call out bids. When it comes to silent auctions, attendees will put in their bid electronically and will find out if they won by the time the silent auction closes.
In most cases, a live auction is going to yield a high return on your items – simply because you have a persuasive individual encouraging more bids from your attendees. This is the main reason to incorporate a both a live and a silent auction into your fundraising event as this will result in the highest possible funds raised.
During a live auction, attendees are going head-to-head in a bidding war. They often get so caught up in the excitement that they call out higher bids without a second thought. When rationality goes out the window, who knows how much money you could raise? In fact, 50% of all sales come from live auctions!
Silent auctions are the way to go if you have a lot of items to auction off, but you can always incorporate a live component to sell some of more expensive or unique items. A good auctioneer will almost always generate high bids, which means more money raised per item – and more money raised altogether.
If you decide to host a silent auction, maybe because you’re using the auction as a complement to your main event, there are some ways that you can work to make it very effective. If you’re hosting a silent auction with a live auction, leave the big-ticket items for the live auction and place the items of less value on the bidding tables. Make sure to set up the tables so that attendees can easily go back and forth throughout the night, and remind the audience to check on their bids periodically. If you allow time for breaks during a dance or a golf tournament, guests can also use that time to head over to the bidding table.
Before you plan your next event, think about the outcome you’re hoping to achieve. If you’re trying to raise as much money as possible, which is the goal of most non-profits hosting a fundraising event, consider doing a combination of both a live and silent auction to get the results you want.

Five main traps when fundraising.

While planning your next Fundraising event there are several key aspects you need to take into consideration and certain things you need to be aware of, in order to make the right decision when it comes to selecting a fundraising organisation to help you.
Below are five Traps that lie out there, waiting to snag you:
1) Commissions. Some companies will charge a commission on YOUR Donated items! Yes, they aim to take a percentage on the sale of items you have worked hard to procure, at no cost.
With Ezybidz this is not the case. We have never before charged any commission on donated items or services and will never do so in the future. When you choose Ezybidz, you get 100% of the funds on your donated items and 100% of funds over the cost price on consignment items! In addition to this you will be assured of the most professional service and the most amazing donated items without any unnecessary commissions.
2) Authenticity of items. When the guests at your event are bidding on an item, they certainly want to know if the item is real and unquestionably authentic. This can be a deal-breaker in obtaining a successful bid on an item that will benefit your fundraising event. Worse still a faulty item or bad experiences which can come from unexperienced companies could put guest off supporting your charity again in the future!
Ezybidz has been in the industry for over 15 years and buys from only reputable sources, some for over a decade. All items come with a certificate of authenticity issued by Ezybidz, who stand behind their products, 100%.
3) Hidden charges. One thing you must be aware of when deciding on your Fundraising partner is the hidden charges that may arise. At Ezybidz Fundraising Solutions, we can offer our technology and services, along with aspirational (and sought after) experiences and items, all with NO upfront or hidden charges. We are a fundraising solutions company and our main aim is to help you gain as many funds as possible for your charity.
Some companies charge a fee if your guests lose their bidding card, which they can’t participate in the auction without. Beware of these costs.
4) Paying for the system when it comes to electronic bidding, there is always a sophisticated system involved and most IT companies charge their customers to use their electronic bidding system.
Ezybidz does not. We aim to provide our world-leading electronic system at NO-cost, so both you and your guests can enjoy the simplicity of electronic bidding, with no hit to your bottom line!
5) Event staffing coordinating a Fundraising event can be a rewarding but overwhelming task, especially when faced with running an electronic auction! While volunteers are supremely beneficial, they may fall short on expertise in fundraising auctions. So where do you turn?
Ezybidz will arrange professional staff who are dedicated to help you succeed in exceeding your Fundraising goals! We call our team: Customer Service Representatives (CSR), who will run both the Live and Silent Auction, including collecting payments to completely relieve you of the stress. This comes at NO-cost, and with up to a dozen CSR’s able to be provided for your event, think how much the IT companies offering electronic bidding will charge for that!
So while organising your next fundraising event, be aware of these 5 hidden traps that are out there and be aware of the possibilities that arise by choosing Ezybidz. Just remember, Ezybidz Cares!

Electronic Bidding, The Fastest Growing Fundraising Auction Platform.

But Do You Know Why?
Ok, we know electronic bidding is the fastest growing fundraising auction platform around the globe but do we know what is driving its popularity?

Here are some key findings from a focus group study and research reports, stating key motivations behind why guests enjoy engaging in online electronic silent auctions.

Why online mobile auctions are attractive?

The digital age
Think about these key factors and statistics. With a global shift towards an online life, over 90% penetration rate of the internet, and mobile device penetration rate standing well over 80% in Australia, with predictions it will overtake PC’s in 2014, put simply, it’s part of our lives. Everyone has a mobile device and knows how to use the internet.

Know-how
You have a generation of experienced bidders in the various online auctions sites, so people already know how to use online auction systems.

Research shows with the Gen X, Gen Y and even late Boomers, there is no real learning necessary.

Convenience
Research found one motivating factor is guests and charity supporters can integrate electronic silent auction bidding in their lifestyles, at the event, on their own terms, within their own schedule. In addition, they can bid for auction items from the comfort of their seats at the event, even from their bedrooms which from research reveal, guests feel it makes the process much easier.

Competitive nature

Much research has been done about the competitive factor driving higher bids, excitement and being the key motivation for guests to engage in electronic bidding for charity silent auctions. Once you have bid for an item on your phone, you are sent instant outbid alerts, which is great for engagement. When you win, you are also instantly messaged. This further drives the competitive nature of guests leveraged through electronic bidding technology.

Involving All Bidders
Research shows some women are not as keen on live auctions, where they are competing in the public eye or even against friends.

However women make up the large majority of bidders on average at fundraising auctions, so you would be missing out on potential major contributors.

A focus group report found women prefer silent auctions because it cuts out this barrier, and electronic online bidding allows them to still compete without direct conflict.

All Factors
This brings all the above factors together. You know how to use your mobile for fundraising auctions, its right in your hand so it’s convenient; it drives your competitive nature by constant alerts. You can avoid competing in the public directly or against friends.

So What Impact Does This Have On Fundraising?
You have guests engaged with a streamlined electronic bidding system that allows multiple bidders engrossed at the event, as well as from multiple locations, increasing efficiency and ultimately generating more funds raised.

From a strategic planning perspective, you see all the data about what items are selling well and to who during the auction in real time, as well as after, where you can see patterns in bidder behavior, can adjust appropriately, and most importantly for selection of items for future fundraising events.

It’s a hassle free option with low investment and proven high returns.

Are You Making The Biggest Mistake In Fundraising Auctions?


What could be a bigger mistake in fundraising auctions than losing a percentage of the money you raise to a fundraising company? After all your hard work pulling together a multifaceted fundraising gala event with entertainment and decorations, arranging media coverage, inviting your supporters, and of course procuring those have-to-have items for your auction, why would you allow a fundraising company to skim the cream from what you raise?

It’s a question that boggles our minds. And what further astounds us is that these companies often provide their bidding system with no service! That means that you are paying to do the work of loading all of your auction items into their program and running the auction yourself, including if anything goes wrong. They might even tell you that this way you’re keeping everything internal and will have more control over your auction. Of course you’ll have more control – you’ll be doing all the work for the auction on top of everything else that needs to happen at your event!

Fixed pricing is the only way to ensure that your budget is fixed and not hit by nasty surprises. Save thousands of dollars over electronic bidding providers with fees that are based on the financial success of your event. You’re paying for a fixed service – why should you pay more when nothing more is done to earn it?

Avoid this mistake by examining electronic bidding providers and finding out up-front what you expect to pay. Ezybidz is proud to be able to offer our premium silent auction bidding system with our full service, including our staff at your event, at no cost to you by including fixed price consignment items in your auction. Or you can simply pay the flat rate for this same service without the consignment items. Discover more by calling us on 1300 399 243.

Win Your Favourite Charity A Prize Worth $17,500 ‘Our Heroes Need Heroes’

We launched the ‘our Heroes Need Heroes’ initiative on Tuesday 24th of June, seeking to inspire everyone to actively promote the good work of their favourite charity. We set up an easy way for anyone to nominate and tell all their friends about the great work your favourite charity does, through the ‘Our Heroes Need Heroes’ facebook app, with full sharable functions. The aim is to win your favourite charity a holiday in Phuket worth $17,500, with accommodation in a luxury villa.

The charity that tallies up the most number of votes by 1st of August, wins the holiday to be auctioned at their next fundraising event. Ezybidz are providing the entire package.

The premise of the initiative is charities contribute immensely to society. Whether ensuring the health and wellbeing of children, animals, the elderly, environment, poverty-stricken communities, on rescue missions or providing local sporting opportunities, these organisations are always there to help. In essence Ezybidz feel charities are the everyday hero.

The initiative aims to provide a platform where anyone can make a difference for these organisations. Ezybidz Founder Michael Dever said, “There are 600,000 registered charities in Australia, and in our busy lives, we can forget the good work they do. This is our way of showing appreciation.” “I am fortunate enough to work with a number of great organisations around Australia, which makes running this initiative very rewarding.”
Start nominating or get voting!

http://ourheroesneedheroes.pgtb.me/JHQFL9