4 Essential Strategies to Raise Funds For a Good Purpose Through Charity Auctions

By: melissa | Posted: 20th January 2011

You may want to consider a charity auction to fund scholarships, and do other other acts of charity, and want to raise funds to assist victims of calamities, to offer to charitable organizations. You can raise money with a Charity Auction in the following ways:

An explanation of charity auctions

A charity auction is a type of auction that aims to raise funds for a charitable work. It is normally started by a group which intends to designate proceeds, either partially or totally, to charity, like helping calamity victims, donating to charitable organizations or sponsoring scholarships.

Ways in which charity auction functions

There are generally two ways to run an auction that is for charity. Companies may be invited to participate and sell at the auction and donate a certain percentage of their proceeds to the cause. Alternately, organizers of the charity auction may ask certain businesses or individuals to donate items to be sold at the auction. Great examples include accessories from celebrities and fashion icons, autographed items from sports stars, and instruments from rock artists. One thing that will bring more people to your charity auction and help you obtain more money is by having a theme for your auction with interesting items up for bid.

Benefits of charity auction

A charity auction has many advantages for everyone involved. The obvious advantage is that it aids aid organizations as well as other groups move up supplementary supports on behalf of reliable generous schemes. One of the objectives of a charity auction is to make the public aware of the existence of charitable organizations and the needs of poor people.Companies and individuals are further given the opportunity to get involved in charitable events and help the less fortunate. By purchasing an item at the auction you will recieve a double benefit. Not only will you be giving to a good cause, but you will also have the opportunity to own something you really wanted.In charity auction everyone is a winner

Charity Auctions Types

Theme-based, live and silent auctions, online charity auctions, are types of charity auctions.

The live auction is arranged in such a way that items are individually and verbally presented for live bidding.

A silent auction is for auctioning items displayed at a special venue with bid sheets prepared near them. The bidder may bid on an item with his signature beside the bid amount. As an alternative a bidder's number might be allocated to him. He then can enter it next to his bid making his signature unnecessary.

Sale of items are relevant to the event cause in a theme-based auction. Revenue for scholarship foundations can be generated by book auctions.

The most efficient charity auction is considered to be the online charity auction. Bidding and payments are completed online. It is very convenient for both the organizers of the auction and the buyers of the items.

In order to help raise more funds for a good cause, you may want to combine two or more of the charity auction types.


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