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Hub You - 10 Tips for a Running a Silent and Live Charity Auction
Even though Factoring is an extremely common business practice in Europe, many American business people have never heard of it or used it. Factoring has been practiced for centuries; the Romans sold promissory notes at a discount and the Pilgrims journeys to America were financed by advances from a Factor who provided the funds to pay for the journey. The Pilgrims repaid the money with earnings from America. The word "factor" comes from Latin, the language of Rome. It means "to do" or "to make."Even the United State Congress acknowledges and supports factoring with the passing of the Assignment of Claims Act, (31 U.S.C.3727) which states that “Contractor or its assignee may assign its rights to receive payment due as a result of performance” to a financing institution. This is the assignme
3. Use the most effective strategy for acquiring gifts for both your silent auction and your live auction
Deciding to sell your business can be one of the biggest decisions in your life, whatever the reasons are for the sale. It is impossible not to become emotionally attached to your own business. Seeing a business grow can be a wonderful thing on the flip side deciding to sell the business can be gut wrenching experience.Ideally a business owner will have prepared for the sae at least 2 years previously. This process is generally started by assessing the financial state of the business with a view to creating audited financial statements with future projections that show the company's revenue and potential growth.Documentation should be put together to clearly show all transactions, this is vital information for any purchaser, it will allow the company to be easily evaluated. Information o
1. Choose the right date for your silent and/or live auction
Choosing the right date for your auction is critical. Most auctions are held in either the spring or the fall. Summer is not a good time to hold a major event since many guests may be vacationing. Winter is also considered a bad time of year as many are preparing or recovering from the holidays. Fall is normally considered the best time of year to hold an auction because many of your guests are beginning to get into the holiday shopping mood and may find that what you have to offer is on their shopping list. Weekend evenings are the most popular time to hold auctions since most auctions last well into the night.
2. Pick the right auctioneer for your live auction
You have two choices, a professional auctioneer or a volunteer. This decision generally comes down to the following considerations. A professional auctioneer will charge for their services. However, they will auction more gifts faster and for more money. A professional auctioneer can auction approximately 75 items in an evening, at 20-25% higher than an amateur auctioneer. If you are running a small auction, you may want to use a volunteer. It might also make sense to use a volunteer if you have someone in your organization that has a great personality and is known by many of your potential guests. Best of all, they are free. However, volunteers can cause the evening to run very late and ruin the opportunity to get guests to return to future auctions.
3. Use the most effective strategy for acquiring gifts for both your silent auction and your live auction
Before we begin a thorough discussion of business pain, let's take a look at what it really means. The words Business Pain are batted around by almost everyone I talk to in the marketing and sales fields. It is probably one of the more misused words when describing the help a company needs to become more efficient and effective. When you try to find out what a business worries about, you will find that you get a different answer from each person you talk to in the organization. That is because the "business pain" will be different for each department or section. The sales force will likely tell you that the pain is not getting orders out on time. The order department will say that the sales force over promises, the administration will say that expenses are too high, and the executive will say that ther
2. Pick the right auctioneer for your live auction
You have two choices, a professional auctioneer or a volunteer. This decision generally comes down to the following considerations. A professional auctioneer will charge for their services. However, they will auction more gifts faster and for more money. A professional auctioneer can auction approximately 75 items in an evening, at 20-25% higher than an amateur auctioneer. If you are running a small auction, you may want to use a volunteer. It might also make sense to use a volunteer if you have someone in your organization that has a great personality and is known by many of your potential guests. Best of all, they are free. However, volunteers can cause the evening to run very late and ruin the opportunity to get guests to return to future auctions.
3. Use the most effective strategy for acquiring gifts for both your silent auction and your live auction
There can hardly be a driver in America who hasn't been cruising down the highway when the regular programming on the radio is interrupted for a test of the Emergency Broadcast System. A brief warning that a test is about to occur is followed by a burst of tones that sounds like it's coming from a dial-up computer modem followed by a reminder that what was just aired was a test.Or, perhaps you live a tornado-prone section of the country like I do. If so, we probably share this similar experience. Absorbed in the work at hand, you hear a whine in the distance that at first startles you and then makes you look at a clock and a calendar to confirm it's 11 a.m. on the first Tuesday of the month --the time local government authorities test the city's emergency warning sirens. If it isn't, you know yo the most popular time to hold auctions since most auctions last well into the night.
2. Pick the right auctioneer for your live auction
You have two choices, a professional auctioneer or a volunteer. This decision generally comes down to the following considerations. A professional auctioneer will charge for their services. However, they will auction more gifts faster and for more money. A professional auctioneer can auction approximately 75 items in an evening, at 20-25% higher than an amateur auctioneer. If you are running a small auction, you may want to use a volunteer. It might also make sense to use a volunteer if you have someone in your organization that has a great personality and is known by many of your potential guests. Best of all, they are free. However, volunteers can cause the evening to run very late and ruin the opportunity to get guests to return to future auctions.
3. Use the most effective strategy for acquiring gifts for both your silent auction and your live auction
An extranet is a web-based tool that provides a secure environment for the organization and exchange of documents and information among a defined group of users.Extranets are often used to support team collaboration in circumstances where the team members are geographically dispersed or are drawn from variety external organizations. Examples include a group of departments within a company that collaborate on a common project, or service companies that collaborate with a variety of outside clients, customers and partners.Extranets are gaining rapid popularity because they address the most fundamental issue of ‘real-time’ group communication with customers and collaborators. They work on a basic concept – the person who creates information is instantly available to the person who is using twever, they will auction more gifts faster and for more money. A professional auctioneer can auction approximately 75 items in an evening, at 20-25% higher than an amateur auctioneer. If you are running a small auction, you may want to use a volunteer. It might also make sense to use a volunteer if you have someone in your organization that has a great personality and is known by many of your potential guests. Best of all, they are free. However, volunteers can cause the evening to run very late and ruin the opportunity to get guests to return to future auctions.
3. Use the most effective strategy for acquiring gifts for both your silent auction and your live auction
Big companies, or small, both have benefits and disadvantages. Big company may give you a false sense of security. In large companies when they have layoffs, seem to layoff large groups, not just one or two people.The advantage of a big company is you can get lost in the crowd. You do your work, and then you are able to come home and that is it. Then on the other hand a disadvantage, is that being lost in the crowd, you will not get recognition if you are doing a job well done. In most cases the congratulations go through many mouths before ever getting to you and then is never said, usually people forget to thank a whole line of people when they are all directly involved in a project. Most go unnoticed!An advantage to a small company is that you are noticed, but in that it’s a doua great personality and is known by many of your potential guests. Best of all, they are free. However, volunteers can cause the evening to run very late and ruin the opportunity to get guests to return to future auctions.
3. Use the most effective strategy for acquiring gifts for both your silent auction and your live auction
Teams provide the moral support necessary to approach a potential donor. Additionally, using teams helps ensure that the paperwork is completed properly. When setting up teams, pay attention to personal dynamics. Certain team members will be more comfortable asking donors for gifts than others. These individuals should be teamed up with team members who do not necessarily have this talent. Also, this allows teams to share the workload by allowing the more reserved person to take on tasks which are more suited to them (documentation, collection of the gifts, etc.).
4. Obtain tangible gifts for both your silent auction and your live auction whenever possible
Many businesses, especially restaurants, will offer to provide you with gift certificates instead of actual gifts. Focus on local businesses that can donate tangible items. You should not turn away businesses that can only provide gift certificates, but they should not be the focus of your campaign. Tangible gifts create a very exciting auction night environment. Just imagine an auction with no actual gifts, but rather just a bunch of gift certificates lying around on a silent auction table. Secondly, a gift certificate is only going to bring in the amount on the certificate, or unfortunately, sometimes not even that. A tangible gift is much more likely to bring in a value that exceeds its real v
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