You may not know, but you have attended a silent auction, or you have heard the term silent auctions at many places but didn’t discover what it is. There are plenty of schools and home associations, and non-profit charities always include a silent auction as a fraction of their events. The silent auctions are quite engaging and are a kind of enjoyable fundraiser. The silent auctions are the types of auctions that don’t involve an auctioneer as these are taken silently. There is software that can help you understand how silent auctions are helping; to get more info, visit auctionsoftware.com/
The silent auctions are meant to be implemented with proper planning. It is crucial to plan, promote, and execute the silent auction as it is a typical task. Planning and coordination are the keys to a successful silent auction. Let us move forward and learn the basics of the silent auction while simplifying planning and executing the auctions.
What are silent auctions exactly?
Generally, there are two types of silent auctions. One is that the silent auctions can be types of supplemental form of fundraising or entertainment, which means a part of a conference, fundraising event, or they can be the central attraction of the main event, to those who are unaware about how the silent auctions are conducted, in the events that the items or goods are displayed for auction where participants can inspect the item carefully.
Each item displayed has a document referred to as a bid sheet; in the bid sheet, the bidders who are the interesting place the bid wordlessly and secretly. The bidders use bidder number to place bid. The silent auctions are required to have a prearranged conclusion on which the bidding is completed. At the endpoint, the organizers collect the bid sheet, and the one who has the highest bid wins and gets the item.
Basics of running a silent auction
In case you are planning to run a silent auction, you need to have a proper list of the things or steps required to be taken. Here, in this article, know the list of things that are required to get started:
For a silent auction, you must have a large venue that is quite spacious for many attendees to chat and mingle. Consider the silent auction to be a part of the entertainment. You can consider booking a restaurant or a hotel and then taking a dining package or book a private dinner to gain more interest.
You must begin sending invitations to attendees through rallying or email. You can use an invitation maker tool to create more personalized invitations on your own. First, set the date and venue of the silent auction. You can also share the descriptions of items online and give attendees a proper taste of silent auction. Adopt a strategy to encourage the new audience and boost them to participate in the auction.
- Enviable items
The entire silent auction depends on the items that are offered. It is crucial to valuable source items that will attract the audience. They will be excited to buy or win those valuable items to help you make maximum revenue.
- Display items
The items that you choose to display must be displayed perfectly. You must accurately display items on different easels, platforms, cases, and stages as this will make them appear desirable. Note that the right location and lighting will make your collection appear more appropriate.
- Descriptive sheets
A descriptive sheet must accompany each item as it will provide details about the item, its sponsors, and its photo. The photo is quite helpful in understanding whether the time is tangible or not. It is always good to provide copies of descriptive sheets at other places as people will understand them more when places at cruiser tables, bars, and dinner tables. This will encourage the attendees and other people who are not standing in the auction area.
Registration is always options, but still, people must register to get two main benefits:
The auction is mostly anonymous. In silent auctions, participants can fill the registration form with a bidden number and choose to place bids using bidder numbers instead of names.
There may be many people that feel encouraged and want to participate in more auctions. It is always better to collect information about participants and contact them after the auction.