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Auctions are a great way to earn money, and you can still set one up, even if you are a kid! Here’s a how-to on fixing a kids’ auction.
1. Find things to auction
you cannot have an auction without things to auction to bidders. Since this is often a kid’s auction, most of the things will probably be for teenagers . enter your attic, garage, basement, etc. and find items that you simply not use, but that are in fitness . you would like to recollect that this thing should be something that folks are getting to actually want to bid on.
2. Set a date and time
do that carefully. Don’t simply pick a random day! Weekends are good days to carry auctions, as nobody is in class , and a few people are off work. If you are going to carry your kids auction on Sunday, be wary of the time, as some people may skip your auction to travel to church. Also, remember that you’re going to got to be at the auction (or somebody will) the entire time that you’re holding it, so don’t make it 12 hours long if you recognize that you’re going to get bored. If you would like to possess your auction over multiple days, choose it!
3. Find a place to hold your auction
It are often during a hall, school gymnasium, garden, auditorium, or maybe on your front street. confirm that this place isn’t too expensive, because you’ll be wanting to form money out of your auction. counting on what percentage people you think that will come, you would like to form sure that there is enough room for everybody . you do not want everyone stuffed within the room like sardines!
4. Advertise your auction
you will need to let people know that there is an auction going on! Make posters that tell people all about your auction. Also, make flyers handy out door-to-door. If you would like to spend a touch extra money , put a billboard within the local newspaper. Whatever you are doing , confirm that each one the knowledge is included, such as:
- A bold title that people can easily see. ie: “Kid’s Auction!”
- The date and time. ie: “Saturday, August 4th, 2011! 10 AM to 2 PM!”
- The place, including the address. ie: “Sunnyside Hall, 1324 Sunny Street”
- Something to intrigue them. ie: “Quality Kid’s stuff at Great Prices!”
5. Get the word out
Hang up your posters in your community. Put them on streetlights, and community and faculty bulletin boards. Hand flyers out door-to-door. you do not need to ring the doorbell; just stick them in people’s mailboxes. Put ads within the paper, if you would like . Also, tell people about it! Word of mouth travels pretty fast!
6. Start Planning Early
Start planning a minimum of 11 to 12 months ahead to form sure there’s enough time to secure a venue, recruit volunteers, procure items and organize and publicize an auction. Ask companies one year beforehand to incorporate you in their annual giving budget.
7. Have Clear Objectives
Outline your auction objectives, set clear financial goals, create a budget and establish a timeline of tasks. By planning ahead, you’ll accurately determine what proportion you will need to boost through auction revenue to succeed in your goal, and you’ll set in motion the steps needed to urge there.
Once you recognize the who, what, where, when and why of your auction, remember to inform us about your upcoming event.
8. Procure Items
Procuring auction items is one among the foremost important parts of designing an auction. On your procurement team should be people that are friendly and persuasive with large circles of influence. determine who knows whom then ask early, ask often, ask everyone.
Seek unique items and experiences that cash can’t buy. If you do not get a solution , keep trying! If you get a “no,” ask somebody else . If you get a “yes,” ask if the donor is willing to donate two. Use a purchase Form (DOC) to capture donor information, validate the donation and track the item.
9. Plan a Fun Party
Make your auction a singular , memorable and fun event. Treat your guests like guests by providing good customer service, recognition, special touches and inspiration.
Entertain them. Surprise them. Wow them. They’ll make certain to return back next year – and perhaps even bring some new guests along.
10. Make a Special Appeal
Everyone at your auction is there to support your cause. Maximize their giving by presenting a selected need which will appeal to the majority of the audience. Sometimes called “Fund an Item,” “Fund a Need” or “Raise Your Paddle,” this provides guests the chance to make a tax-deductible donation to the cause.
Remember, you raise more than money at your auction. you also raise awareness for Seattle Children’s.
- Have a money box to put all the money in, so that you don’t have a bunch of loose money sitting in a pile.
- All the things you’re auctioning off should be in good condition and safe for anyone to use.
- If they’re second-hand goods, start the bidding at about $1.00 (depending on the size, quality, and what the item is). For example, if it’s an iPod dock, start the bidding at $10.00, but if it’s a little book, start the bidding at $1.00.
- Don’t be greedy! If you make the starting price too high, nobody will bid on the item. If it’s a good item, you’ll get good money for it anyway.
- Don’t give out board games that have lost their pieces; this will conclude in unhappy, arguing customers. How will you ever auction again if you’re giving out incomplete or broken items?