Terms to Know When Bidding in Live Auctions

Terms You Should Know When Bidding in Live Auctions

Here’s how a live auction generally plays out: an auctioneer shows an item, prospective buyers raise their paddle numbers to place increasing bids on the said item until no one else does and the item is declared sold. If you’ve been to traditional in-person auctions before, then you probably know the drill.

 

Why Live Auctions

A live auction, also known as an onsite auction, is popular among not-for-profit organisations. It’s a great way of raising financial support and throwing an unforgettable night or event that will keep your donors and supporters engaged. A live auction is usually conducted in a physical venue, such as at a fundraising event.

 

During a live auction, the bidders can see the behaviour of the other bidders, and they compete openly to get an item. With such competition and a skilled auctioneer convincing the audience to participate and bid, there’s nothing like the excitement you’ll feel while in this type of auction. Furthermore, a live auction typically gets bids that are close to or more than the item’s market value. 

 

Glossary of Auction Terms

Before you dive deep into the competitive pool of live auction ideas, here’s a list of must-know auction words and phrases:

 

  • Auctioneer: A trained agent hired by sellers to conduct the auction. The auctioneer is in charge of describing the ‘lot’ (item or group of items up for bidding), initiating the bidding, receiving the bids and engaging the competing bidders in an orderly manner.

 

  • Bid: The term ‘bid’ refers to a legally binding price offer that an interested buyer proposes to purchase a lot. Auctioneers open the sale with the lowest possible bid (known as the starting bid) and raise the bidding price in standardized increments. The auction for an item closes when the auctioneer’s hammer falls on the final winning bid (also called hammer price).

 

*Absentee Bid: If you’re an interested bidder who cannot be present during the event, you can still submit a bid range through an absentee bidder who will present a bid on your behalf.

 

  • Catalogue: Printed or online listings of the lots up for auction. It contains photographs of the auction items and factual information, e.g. detailed description, provenance (the item’s ownership history) and condition of each lot.

 

  • Reserve Price: The undisclosed, minimum price of an auction item. Bids lower than the reserve price will result in the item not being sold.

 

  • Fair Warning: An auctioneer’s last-chance warning to bidders to offer a higher bid for an item. Once no more offers are cast, the bidding closes and the lot is sold. 

 

Some more phrases to note:

‘Reserve has not been met’: It means that the bids placed fall short of the seller’s reserve price for the lot. The seller may or may not auction the item.

Pass/bought in’: If an item gets no bidders or does not get bids that reach its reserve price, the auctioneer declares this phrase – meaning the lot is kept and left unsold.

No Reserve’: Sometimes called absolute auction, where there is no minimum price, and the lot is won by the highest bidder.

 

How Do You Bid Successfully At an Auction? 

Before you sign up, it is important to understand the risks of purchasing from an auction. Is the auction trustworthy? Are the seller’s products priced fairly? Make the necessary background checks first and research about the reputation of the auction organiser.

More importantly, don’t skip on reading or knowing about the terms and conditions of the auction you wish to join. You need to know what you’re signing up for. Terms and conditions are unique for auction houses and should be accessible on their website. Study the available platforms they use and the protection they provide to buyers. Take note of the registration requirements, schedules and auction mechanics.

Also, look into the required fees, extra charges, buyer’s premium, as well as the means of shipping or getting the items. Check for payment methods that are secure to protect your money and information and ensure that your finances are in order beforehand.

To strategise in advance for the auction, consider registering early. Go over the lots and preview to know which auction items you will bid on later. Inspecting the condition of the items will help you gauge if they are worth your money or not.

Once bidding starts, select a few items and set maximum bid limits for each. Keep in mind of your endgame to avoid getting caught in impulsive bidding. You should also be prepared to match competing bids, especially for items that will be likely attractive to other bidders. 

 

What Is the Best Way to Bid on an Auction?

It takes time and experience to get the hang of participating in auctions. Here are a few strategies on how to bid on live auctions:

 

#1. Don’t start too low with your bid. This is a common misconception for those who wish to get an item at a low price. Your bid should be high enough to filter out bargain bidders, but low enough to compete with serious buyers.

#2. Target the less active items. Some items in an auction are similar to one another. Don’t fixate too much on the lot with many competing bids if there’s another one with fewer bidders.

#3. Auction squatting. This strategy involves placing your bids early on and monitoring the site as increasing bids happen. The advantage is you’ll be able to bid faster and more often, which is a psychological tactic of showing how serious you are about winning the item.

#4. Ace last-minute bids. Also called ‘auction sniping’, a trick that employs adding a few cents to the top bidder’s bid amount towards the end of the auction. Be mindful of the auction policy and features that may counter this, such as automatic extensions.

 

Helping Hand Group Auction Services: Lending You a Helping Hand

Looking to bid on charity auctions? 

Keep tabs with us at Helping Hand Group. With regional offices in Australia, we are available for event consultations for auctions in Sydney, Brisbane, Melbourne and Perth.

Our inventory of auction items is constantly updated. Ranging from autographed memorabilia to exclusive holiday packages, find yourself astonished at our extensive list of unique, exciting items. With our network of professional auctioneers, we can assure you of fundraising events that are fun, engaging and successful.

Want to know more? Contact us today.

List of Awesome Auction Item Ideas For Your Next Fundraiser

When it comes to fundraising, having the right items to bid on is key to a successful fundraiser charity auction. The popularity of your auction items can mean attracting a large number of bidders. As more people bid for the item, the price increases. In return, it will also attract the highest possible price, thereby maximising your profits. 

Whether you are organising a live or a silent auction, your items must not only target your revenue goal but exceed your donors’ expectations. But how can you be creative when securing charity auction items? You can do your research and put together a list of popular items. Alternatively, you can take advantage of hiring the expertise of professional auction organisers. In this way, you will get the greatest return on your investments by procuring items that are worth bidding on. 

What Sells Best at Charity Auctions?

Between finding the best venue or obtaining participants and meticulous planning, procuring unique and exciting items can ignite your auction success.

Unlike other fundraising events, charity auctions provide the audience with the freedom to bid and win. But in order to drive your audience to participate, you have to create the right atmosphere. And this means procuring the right auction items. This is because your charity auction items must be the things that your participants want to bid on. 

1. Travel Packages

When it comes to live auction items for charity, luxurious travel packages are a top seller. For one, this type of auction item has a significant impact on individuals with differing demographics and donor bases. Your package may include:

  • Vacation getaways
  • Helicopter rides
  • Private boat cruise 
  • Winery tasting and tour.

2. Staycation Packages

You will want to offer this item to your donors if they don’t have the luxury to travel long distances. This can still be a luxurious trip but will include a wide range of activities:

  • Restaurant gift cards
  • Hotel stay gift cards
  • Theme park tickets
  • Weekend getaways.

3. VIP Tour Packages

VIP tours are another exceptional auction item that will also generate high bids. 

  • Private sunset and harbour cruise
  • VIP seating to a Broadway show
  • Hot air balloon. 

4. Memorabilia

High-value memorabilia brings in large auction revenues because of its sentimental value. Look for items that are signed by a celebrated public figure.

  • Sports memorabilia
  • Vintage photographs
  • Signed instrument
  • Historical memorabilia.

5. Artworks

Finding masterpieces is also a good option. Examples are:

  • John Olsen’s Five Bells framed print.
  • Paul Cezanne’ Nature-Morte watercolour print
  • Gillie and Marc artwork pieces 
  • Andy Warhol’s Roy Lichtenstein.

What Makes a Good Auction Item?

Just like any other auction, the best silent auction items are notable and unique. These items must fit your audience’s preferences. Are your participants singles, retirees, sports fanatics, wine or art enthusiasts? If you know your audience, it will be easy for you to find the items that fit their needs. 

Depending on your target audience, silent auctions are a great way to increase your organisation’s profit, at the same time, encourage your supporters to donate for a cause. Many fundraising charity events are not complete without the creative and highly coveted items. Hence, a good silent auction item has to offer quality that will raise more funds.

For instance, you want to include creative artwork in your silent auction event. Unique artwork is one of charity’s prized possessions. So, as an organiser, you have to obtain artworks that will sell best at auctions. Art pieces are also important because they somehow create a positive impact where it matters. Your participants will want to buy quality art at reasonable prices. 

Helping Hand Group Auction Services: Lending You a Helping Hand

Are you struggling to plan for your next fundraiser? Reach out to us at Helping Hand Group, Australia’s leading auction organisers. We can help you get creative with our wide array of auction items. Let’s make your charity event more interesting! Call us today and we will help you get the best auction items. 

A Silent Auction Fundraiser: The Quieter Way to Big Profits

A Silent Auction Fundraiser: The Quieter Way to Big Profits

A silent auction intensifies the mystery and intrigue surrounding an item for auction.

Items are exhibited for attendees to assess, place bids on and purchase. But in contrast to most auctions in Australia, silent auction rules require participants to place their bid on a bid sheet silently and anonymously utilising a bidding number.

Holding a silent auction takes a lot of work, time and energy. You need to find and catalogue items required in the auction. Moreover, you need to market the event and generate interest from attendees, search for sponsors and coordinate the process of bidding.

Finding new prospects for your organisation can also be challenging. Once you find and engage new prospects, you must nurture them and get them to participate in your organisation as a volunteer, serving in a committee or giving a gift. The goal is to form a genuine connection between your non-profit and the person, sponsor or company.

Auction item bidders are terrific new prospects for your organisation. First-time attendees would be encouraged to take a step towards supporting your cause by placing bids on items.

Although it is a small step because they are receiving something of value in return and bidding simply because they desire a particular item, it is still a step in the right direction that could get them involved further in your non-profit.

There are several advantages to a silent auction compared to a regular auction for raising money. One advantage is that the event can be an online silent auction, which can expose your items to a massive number of potential buyers worldwide.

What Sells Well at Silent Auctions?

Items that sell well at silent auctions are creative, unique and highly desirable. Here are some of them:

Once-in-a-Lifetime Experiences

At Helping Hand Group, some of the best silent auction items under this category are a luxury weekend in Singapore, a three-day Tesla Roadster experience, a foodies adventure in the Hunter Valley, a South African safari, a hot air balloon flight with breakfast and wine tasting, and a 60-minute flight simulation experience. 

The secret to making these expensive auction items successful is to create a demand for them by promoting them ahead of time on your website and social media channels. Your attendees will arrive eager and pumped to bid on these big-ticket items.

Creative Artworks

How about a framed print of Pablo Picasso’s Les Pigeons, Paul Cezanne’s Arbres et Maisons watercolour print and Pro Hart’s signed pieces? One-of-a-kind artworks are highly desirable. Although it is challenging to get artwork donations from well-known artists, it is possible to get items on consignment from fundraising auction organisers like us.  

Music Memorabilia

Who wouldn’t want a signed and framed microphone of Elton John or Taylor Swift? Or the worldwide phenomenon and teen idol Justin Bieber’s signed acoustic guitar framed on a custom matboard? 

Music memorabilia signed by artists are terrific silent auction items if properly promoted. These items could sell for several hundreds of dollars per piece. They are an easy way to raise massive amounts of money because they are unique silent auction items that can excite diehard music fans. However, avoid using too many of them because you might not get enough bids on each one to drive up the prices.

You can get music memorabilia items from consignment companies who will provide the description, authenticity certificates and even ship them to your event. 

Sports Memorabilia

A signed tennis ball box from Novak Djokovic or a signed and box-framed Golden State Warriors jersey from Stephen Curry will surely be a hit! 

To get sports memorabilia for your silent auction event, you can request a donation from your local pro sports team or order high-end items from auction consignment companies.

In many cases, local teams will donate a signed item per non-profit per year. You can be creative and bundle a signed jersey with donated game tickets. For best results, create a demand for your most expensive items by publicising them well ahead of your event.

Are Silent Auctions Profitable?

Silent auctions present terrific opportunities for your non-profit event.

Most organisations find that they can raise as much as $20,000 at the actual event besides gaining dozens of new long-term supporters and donors. Although silent auctions require a lot of time and effort, these events can be a great addition to your development efforts.

Do Raffles or Silent Auctions Make More Money?

At Helping Hand Group, we can run raffles through our electronic silent auction platform. It’s a web-based platform that contains the event information, auction item list and sponsor information. It is also where guests can register and bid.

Nevertheless, to compare raffles and silent auctions, the following are points to consider about these two.

Performance of Previous Silent Auctions

Consider how well your previous auctions performed regarding the number of attendees and profits raised. Were you able to raise more than the market value of your auction items? Did your bid sheets have bid increments from the minimum bid?

Community Support

Your community’s size and the number of supporters is another crucial factor. The more people who are willing to donate money to your event, the more funds you will raise.

While you need more reach for raffles, having fewer people in silent auctions increases their motivation to participate in the bidding process.

Raffle Ticket Sales

For a raffle to succeed, you need to sell tons of raffle tickets. In many cases, this means having many people or volunteers sell the tickets.

Another option is to sell the raffle tickets in high-traffic areas. It would be best if you are where the people are to sell tickets and utilise attention-grabbing signs and sales pitches.

 

Helping Hand Group Auction Services: Lending You a Helping Hand

Silent auction events are a lot of fun. You can expect that many of your supporters will be coming to the event with their friends and colleagues. These attendees could get so wrapped up in the evening and start bidding on items during the course of the event.

Do you need help with your silent auctions?

We, at Helping Hand Group, can assist you. We are experts in live and silent auctions for fundraisers. We can lend a helping hand and boost your fundraising goals without any upfront payment. Contact us today for more details.

What Are Silent Auction Ideas During the COVID-19 Pandemic?

Silent Auction Ideas During the COVID-19 Pandemic 

The COVID-19 pandemic has posed a challenge for many events, including live auctions, because of the many factors that should be considered before conducting one. However, a good cause shouldn’t be hindered. If you’re looking to raise funds for your charity organisation, you can choose among the many silent auction ideas available. 

A silent auction is a fun, engaging and enjoyable way to raise money for an organisation. It’s flexible and can be used in different types of events and audiences. 

How does a silent auction work? 

In this type of auction, a bidder uses paper bid sheets or bidding software to place their highest bid before time runs out. An online silent auction is also possible.

If you want to host a silent auction event for your not-for-profit organisation, here are some ideas that can help you out. All of these are available offerings at Helping Hand Group, and you can get them on a consignment-type basis.

Holiday Trips 

Cabin fever is real and common during the pandemic. This is one reason why a getaway from the daily rhythm is definitely an offer that is hard to pass. 

Holiday trips or travel packages are one of the best unique silent auction ideas because they really work. They never fail to attract a lot of attention in a fundraising auction event. An amazing South African safari, an ultimate Singapore experience, a Sunshine Coast holiday and a week in a Phuket hideaway are some of the items no one would like to miss. 

Unique Event Experiences

People would love to unwind outdoors after being indoors for quite a while. An overnight cruise on the world’s best harbour, Sydney, driving the exhilarating Tesla Roadster for 3 days and a celebrity golf game with the football legend Craig Wing are all unique silent auction ideas that offer one of a kind experience. A helicopter ride in the Hunter Valley and a private discovery sailing day package on Sydney Harbour are also interesting offers. 

Food and Beverage Experiences

Good food and drinks are not always easy to come by. Teaming up with a local restaurant or wine shop that would be willing to donate or work with you is a great way to get these auction items that are sure to please.

At Helping Hand Group, we offer a craft brewery tour, a masterclass on the art of coffee-making, a private wine-tasting experience, a Red Lantern’s inside and out private banquet, a private dining experience, an ultimate foodies adventure and more.

Signed Memorabilia 

People tend to idolize their favourite public figures, so signed memorabilia from these celebrities will definitely bring in great revenues. Signed memorabilia has so much sentimental or nostalgic value. It is also rare and valuable. Depending on your potential guests and supporters, you could get an item that’s very limited in supply and can command a higher demand.

Signed memorabilia can be sport, musical or historical items. There are a lot of possibilities for these auction items. Imagine a signed UFC glove by Conor McGregor, a Golden State Warriors jersey from Stephen Curry and a tennis racquet from Roger Federer? A signed photo of Elon Musk and Jeff Bezos, an acoustic guitar from Justin Bieber and a microphone from Elton John are also some items that fans would like to get a hold of.

 

Artworks

What makes art a good option as a silent auction item is that bidders can check on it without feeling rushed. You can ask local artists to donate their work and in return, you give them recognition and tickets to your fundraiser event.

Paul Cezanne’s Portrait De Vallier and Nature-Morte watercolour prints, Pablo Picasso’s Les Pigeons framed print and Gillie and Marc’s hand-signed limited edition print of ‘They always had a laugh when at Luna Park’ are some incredible items for display.

Jewellery and Watches

You can also offer jewellery with great price points in a silent auction. Many people find auctions as a great way to get unique and cost-effective jewellery pieces. At Helping Hand Group, we offer stunning and elegant rings that will surely get attention. We have a three-stone diamond and white gold braid ring, diamond and white gold ring wrap, as well as a three-stone diamond and white gold ring set.

Fashion

Fashion is another good idea to include in a silent auction. High-end items from designer favourites are sure to do well. An example of this is a bespoke men’s two-piece suit, custom made by Master Tailors and hand-measured in your own home or office.

How Do I Make the Most Money in a Silent Auction? 

The goal of organising a silent auction is to raise as much money as you can. You can achieve it by considering the following:

Get Desirable Items

You need to be smart in choosing what items to bid on because desirable items get the most bids. You must look for unique silent auction ideas, and take advantage of the bidders’ interest in looking for the best items. The team also needs to dedicate enough time to do proper research, including what auction items to avoid. 

Market the Items

In order for silent auction ideas to be successful, you need to excite your guests and stir up interest and anticipation. Promote the items by creating an online event website. Advertise all the items and slowly update the site when new items are procured. By doing this, bidders will know what items they would like to get and how much they will be spending on your auction event. This will encourage them to get tickets to your event in order to get the item they want.

Collaborate with Sponsors

Collaboration can help your organisation save some costs and increase bidding outcomes. These sponsors can donate items to be included in your bidding, help boost the visibility of the event and contribute to the planning expenses. In return, your organisation will acknowledge and promote these brands to the public during the event and on the website. 



Are Silent Auctions Profitable?

Silent auctions are profitable when they are handled properly. They can help your organisation in hitting your funding goal. However, it takes a lot of work. Your team needs to spend a significant amount of time in setting up the event, looking for sponsors, coming up with items and auction items to avoid, cataloguing it, creating promotion and generating interest from bidders that will eventually translate to their participation in the bidding event.

How Much Can You Make From a Silent Auction?

In general, unique silent auction ideas can contribute up to 33% of revenue, and items under silent auctions can yield up to 50%-65% of their total market value. However, you need to determine first the amount of money you need to raise so you can determine what needs to be done in order to meet the goal. 

Helping Hand Group Auction Services: Lending You a Helping Hand

The truth is, organising an auction event requires certain types of skills and experience to make a charity event a success. We, at Helping Hand Group, know what it takes to help boost funding goals for your not-for-profit organisation. 

Our team can help you from planning to execution and make your fundraising event stress-free and successful. With more than 20 years of experience and offices not only in Australia but also in Hong Kong, New Zealand and Singapore, we are experts in the fundraising field. For more details about our services, contact us today.

Great Auction Items – How to Buy Autographed Golf Memorabilia

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Great Auction Items – How to Buy Autographed Golf Memorabilia

Auction is an excellent way to raise funds for a particular project. However, to ensure its success, you need to identify and collect interesting items that’ll catch your audience’s attention.

Sports memorabilia is one of the most popular auction items. Sports tickets and memorabilia often perform well at almost any auction event. This is because sports fans and other collectors are often on the lookout for items to add to their collection. However, there are various factors that you need to remember when searching for the best sports memorabilia.

How Do You Get Sports Memorabilia?

An ideal auction requires various items to motivate the audience to bid on them. While particular companies can provide viable solutions to nonprofit organisations, there are specific drawbacks when going with this route.

Firstly, these companies often only specialise in objects and don’t have enough experience to help you manage the event. So, participants looking to acquire an exciting experience aside from the item might find the entire event uninteresting.

Also, there are times when people would expect nonprofit organisations to cover the cost of any items sold during the event. For instance, if sports memorabilia got sold for less than its value, the nonprofit organisation will have to cover the difference and add it to the event’s earnings.

The good thing is that a few other companies, like us at Helping Hand Group Auction Services, are more than happy to assist you with acquiring auction items, such as sports memorabilia, without any fee.

Is Buying Sports Memorabilia a Good Investment?

Sports memorabilia is a sound investment if you know how it works. Here are a few ways to help you make the most out of any sports memorabilia in Australia.

Choose a theme

One excellent way to help you invest in sports memorabilia is by choosing a theme. Instead of randomly buying items from different athletes in different fields, selecting a theme will make it easier for you to make your collection more worthwhile.

You can choose from thousands of athletes and start your collection from there. For instance, you can look for items made to honour Usain Bolt or things explicitly made for football and baseball, too.

Set your eyes on the classics

Remember that classics never go out of style, especially in collections. The value of sports memorabilia increases over time. That’s why it’s only wise to invest in original and unique items to ensure that their value will really increase.

When choosing an item, be sure to have all the proof that it’s authentic. It can be a unique digit code or even a signed autograph from the athlete himself. Having these details can increase its value, making it highly desirable for many collectors.

Perform thorough research

Unless you’re already an avid sports fan, find out everything you can about the athlete or sports team you’re planning to collect memorabilia from. You may want to consider checking which sports athletes have built up a fantastic legacy over the years and are rumoured to retire any time soon. Retirement or any other major life event could potentially increase the demand and make your collection even more valuable.

Check its condition

If you’re planning to grow your collection in the future, then look for items in pristine condition. When it comes to sports memorabilia, choosing items in mint condition only guarantees that their value will go up. That’s why many collectors would spend a significant amount of time and money to look for items with museum quality.

How Do You Buy and Sell Sports Memorabilia?

Sportscard and memorabilia collections have entirely evolved for the past couple of years. Although card shops and shows are still an excellent go-to when adding items to your collection, technology has undoubtedly opened so many avenues that collecting items has become relatively easy.

In today’s world, you only need to go online to buy and sell your items. Thanks to the search bar feature, keywords can make things even more accessible. Once you’ve made a deal with someone, you can either meet up and do the exchange or get the item shipped nationwide.

However, when making any deals online, it’s always best to stay cautious, particularly when it involves a lot of money. Same with traditional sales venues, counterfeit items exist for sports memorabilia. So make sure you do your research and get as much information as possible.

Counterfeit items aren’t the only thing that you need to worry about.

Another drawback when buying or selling items online can be the meet-up. Although it rarely happens, certain things may be beyond your control. It would help if you exercise caution when meeting someone you barely know.

It’s highly advisable to find a public space to meet up. You can also do it during the day to make things a lot more comfortable. If you can’t think of an excellent place to meet, you can always go to the mall or areas that are near police stations.

Helping Hand Group Auction Services: Lending You a Helping Hand

Sports memorabilia collection is an excellent investment for a lot of sports fans. That’s why you would want to find and deal only with reputable resources to help you acquire such items.

For auction items like autographed golf memorabilia and other sports memorabilia in Australia, Helping Hand Group Auction Services offers many exciting auction items that can help maximise the funds you’re raising in an auction. We can also assist you with your fundraiser, from planning the entire day to removal and shipping.

What’s excellent about our offer is that you don’t need to pay anything up at all. Everyone in the team will be more than happy to provide you with engaging auction items and help make your auction a success.

For more details about this partnership, contact us today.

Silent Auctions: How to Increase Your Bids and Host an Unforgettable Event

Silent auctions are among the most effective fundraising ideas that charitable institutions and other groups use to collect funds. However, the outcome of this helping hand activity heavily depends on the way it is organised. So, when planning to conduct a silent auction, make sure to have careful planning and comprehensive preparation. Aside from that, it is also best that you have a solid understanding of the following.

What Is a Silent Auction?

A silent auction is a type of auction conducted by allowing the bidders to submit their offers privately. This helping hand activity does not involve an auctioneer, and the buyers are allowed to make direct bids. Due to this setup, all the bidders don’t know each other. Also, the secrecy practised on the submission of the offers increases the chances of getting the higher price for the items offered.

How to Conduct a Silent Auction

Conducting a silent auction can be overwhelming, so consider the following steps when preparing for one.

Step 1: Set up an auction committee

Setting an auction committee is the first thing you should accomplish when planning to conduct a silent auction. By doing this, you will be able to create a team that will handle the essential aspects of this helping hand activity. This includes managing the tasks like venue setup, securing of items that will be auctioned, ticketing and marketing.

Step 2: Select the best venue

Selecting a good venue is an essential aspect of preparing for a silent auction. Doing this right will most likely boost the event’s chances of getting favourable results. When doing the selection, make sure to take into consideration a few crucial factors like the expected number of attendees, the availability of amenities that will be needed during the auction and more.

Step 3: Secure the items to sell

Secure all the items that you intend to sell at your event earlier. This will allow you to determine the quantity of goods that will be sold. Also, knowing the number of items that will be sold can help you develop a more effective strategy to sell them during the event.

In case there are a lot of items to sell, make sure to group these into packages. This ensures that the number of items that will be sold is not more than the number of bidders. The technique is also helpful in boosting the level of competition among bidders. Thus, your event will most likely earn higher bids.

Step 4: Pricing of items for auction

Have all the items up for auction properly priced. For best results, try to create a bid sheet for every item that will be auctioned. Make sure that the sheet includes the name and a brief description of the item, and the name of its donor. Don’t forget to include a few lines that the bidders could use to write their bids.

Step 5: Set up the registration process

Set up your helping hand event’s registration prior to its actual schedule. To do this, you can allow the attendees to register using some of the silent auction software, such as Silent Auction Pro, ClickBid, Xcira and more. You can also allow them to register a payment card to make the bidding process simpler.

Step 6: Set up the venue

Make sure to proceed to your helping hand event’s chosen venue earlier. The technique will allow you to check on the setup and implement the needed last-minute changes when needed. Also, coming in earlier gives you more time to fix some issues on the venue that might hinder the event’s success.

Step 7: Close the silent auction

Closing your silent auction well will help you establish a good reputation in the industry. Typically, you can spontaneously close the event. Doing so can encourage the bidders to keep on bidding for the items since they will not know when the auction will be closed.

Aside from that, you can also set a pre-planned end time to close your helping hand silent auction. To encourage the bidders to make more last-minute bids, make use of a countdown timer.

Why Conduct a Silent Auction

A silent auction is a must-have helping hand or charitable event for groups that want to raise funds. Many of them consider this as their preferred auction type because of the following.

      • A silent auction allows the selling of more items.
      • A silent auction can increase the retention rate of a donor.
      • A silent auction makes some of the attendees become organisation supporters.
      • A silent auction helps in extending the organisation’s donor base.
      • A silent auction is proven to boost the event’s revenue.
      • A silent auction is a great way to entertain guests.

How to Increase Your Bids?

A silent auction is a good way to raise money. However, the revenue obtained from doing the event depends on the bids that the bidders are offering in exchange for getting the items offered for sale. That’s why you need to learn how to increase the bids during the auction by doing extensive research on how it’s done. You can also consider the following tips.

1. Identify the items that will excite the donor

Given that a silent auction derives its revenues from the proceeds of the items sold to the attendees, you should ensure that these would excite them. To accomplish this, study and know your audience. Look for ways to identify the items that appeal to them. By doing this, they will most likely place higher bids on every item that will be offered during the auction.

2. Make use of mobile bidding

The use of mobile bidding apps available out there is an effective way to increase your silent auction’s bids. These apps allow you to put the bidding on the hand of every donor. In addition, this makes participating in the auction more convenient for you and the donors.

3. Seek help from experts

Seeking help from experts has always been the most effective way to increase your auction’s bids and make the event successful. Many fundraisers consider this technique their most preferred option. This is because hiring reputable service providers, such as Helping Hand, allows you to sit back and relax. Once hired, they will handle all the procedures needed to make your silent auction a success.

Helping Hand Auction Services

For years, Helping Hand has helped hundreds of clients get the best out of their fund-raising activities. Our years of experience in handling this kind of event make us highly successful every time.

We provide our services at no cost to our clients! We offer auction items on a consignment-type basis, and we cover the costs through the sale of the auction items that we provide. We set up the items at your event, manage the auctions, as well as the payments, removal and shipping. That’s how we help. For more details, contact us today.

Tips to Host a Successful Online Auction

A growing number of nonprofit organisations are now adding online auctions to their fundraising strategies because of how effective they are at reaching their target audience. Now that everyone is adjusting to the new normal, looking for alternative ways to raise funds is necessary.

Typically, fundraising campaigns and initiatives provide nonprofit organisations with great help in raising money for their programs. But with so many aspects to consider, doing an in-person event can sometimes feel overwhelming. So, where do you start in hosting an online auction?

How do you organise an online auction?

#1 – Create a team

Handling everything by yourself is a considerable challenge. That’s why it’s best to create a team to help you with virtual auction execution. Having people to back you up can help you manage everything and designate particular tasks that you need to get done immediately.

#2 – Set realistic goals

Next, you need to determine your goals to help you stay focused throughout the project. You can start by establishing your budget, including the system or tools that you need. It’s also best to include the particular revenues you need to achieve and the engagement level so that you can plan the event effectively. A few of the goals you need to complete are getting new sponsors, promotions, stewarding your current sponsors and engagement.

#3 – Review your software

 

You wouldn’t want to have something go amiss during the live event. So, it’s best to check your system to get yourself familiarised with it. When looking for a software application for your event, it’s highly advisable to invest in a software application that you know will help you execute your plans. You might also want to take your time reviewing your toolkit to fill any of your knowledge gaps.

#4 – Create an item wish list

Any auction can only be as triumphant as the quality of your auction items. While there’s no surefire way of getting the best auction items your guests will want, it’s always helpful if you know where to start. One way to do it is by looking at your past auction event’s performance. Check your previous events and see what you did well and what you could have done better. Also, don’t be afraid to get creative when it comes to your auction items. They need to be interesting enough to draw attention to the event and encourage a bit of competition with everyone.

#5 – Create effective marketing strategies

You need to formulate effective marketing strategies for your plan to succeed. A few promotional techniques that you can consider include invitations, early registration promos and a couple of advertisements that can help you generate excitement from the crowd. Given that you’ll be holding online auctions, you should create compelling digital promos that encourage competition among the audience.

#6 – Create your online auction website

Once you’ve established your marketing strategies, it’s now time to set up your website for the fundraising campaign. You need to ensure that you can customise each page based on your event and the project’s mission. You can also put your donation appeal, auction catalogue and fixed-priced items, such as raffles and merchandise.

#7 – Plan the entire program

It’s best to create a virtual program that’ll complement the auction to capture your target market’s attention. The same with how you’d plan for a typical in-person party, you need to start planning a program that’ll give it the same vibes. You can begin with an introduction from your speakers, followed by an inspiration video. Then, start the live auctions for the first two items before having a break. You can then resume with the auction and end it with a special musical guest.

How do online auctions work in Australia?

Registration Process

When attending online auctions, you need to register first before you become a part of the event. That’s because online registration makes it easier for the organisers to track the items you’re bidding or selling. It also allows them to keep up with the bids and determine who’s winning. Additionally, online registration is an excellent way to build a database that contains both the bidder’s and the seller’s feedback.

When registering for an online auction in Australia, it’s highly advisable to set up a different online email account to your primary account to help you track the auction’s progress. Even more, setting up a separate email prevents you from getting spam messages into your primary account.

Winning bids

Every bid for the auction closes precisely at the time that the organisers scheduled it. If you’re planning to put up a few sales of multiple lots, then those with the highest bids at the end of each auction need to buy the item at the agreed price. Meanwhile, if no one bids above the set price or even meets it, the organisers will close the auction without any winner.

Once the virtual bids end, the buyer and the seller will communicate via email to make the payment arrangements. They can also discuss the delivery and other queries there.

How do you run a successful auction?

Get quality auction items

If you want to get your participants excited, it’s best to get auction items that capture their interests. The more quality items you’ll get, the more successful your fundraising project will be.

Captivating imagery

Another factor that you need to consider is the images and marketing copies that you’ll use for the event. Your marketing strategy will play a massive role in your event’s success. So, ensure that the images and copies will captivate your target market’s attention.

Use social media

You can use social media algorithms to know which content is best for your audience. Every platform has its unique idiosyncrasy. So, you need to understand what type of media will work well on each social media platform that you’ll use.

There’s no such thing as a can’t-miss formula when it comes to online auction marketing techniques. That’s why you need to find the one that’ll suit your project best.

If you need assistance with your live online auctions in Australia, send us a message at Helping Hand. We’ll be more than happy to lend a hand.

New Auction Items: Hot Air Balloon Flight and Tesla Luxury in the Hunter Valley

In need of special auction items to drive a more interesting and effective fundraising auction? Our team is always looking for new and exciting auction items for fundraisers and we are proud to announce TWO brand-new, local experience packages, available now.

Experience and holiday packages as auction items can offer a unique, stand-out touch to your live or silent auction. This can conjure interest from more guests to encourage participation in your auction and result in more funds raised for your cause.

More about these new special auction items:

Hot Air Balloon Flight for 2 and 2-Nights’ Accommodation
Your auction winner will experience the fun and unique sensation of a hot air balloon ride. The 4-hour experience, with minimum 60 minutes of flight time includes a gourmet champagne Breakfast, in-flight digital photo pack and complimentary transfers. Next to this, your auction winner will get to spend two nights (with late checkout) in a fully renovated studio room with ensuite bathroom at the Hunter Valley ‘Wine Country Retreat’. The estate is set on 60,000sqm of natural beauty. Included is an outdoor swimming pool, gym, sauna, daily continental Breakfast, and a unique Wine Experience at the Tamburlaine Winery!

Tesla Luxury in the Vines for 6
Your auction winner will enjoy a private, chauffeured and guided Wine Tour to world-class wineries and local hidden gems in a luxurious, zero-emission Tesla Model X! Included in this amazing experience is a 2-night midweek (Monday – Thursday) stay at the Hunter Valley’s famed ‘Wine Country Retreat’ across three fully renovated studio rooms. The estate is set on 60,000sqm of natural beauty and includes an outdoor swimming pool, gym, sauna and daily continental Breakfast.

As always, we can offer all of our auction items at no cost to your event budget (consignment). Contact our team for more information, terms, and conditions, and how to add these auction items to your next fundraising auction.

Unique Fundraising Auction Items to Help Your Next Fundraising Event – Kobe Bryant, Coldplay, Green Day

Good auction items have the ability to stand out to people on an auction table through admiration of the previous owner. Memorabilia can come from sports stars, musicians, artists and other famous people. Good fundraising auction items are those that are unique, often signed, and professionally framed . They are for display to allow someone to express their appreciation for the celebrity.  They are great ways to boost funds raised during silent and live auctions.

Good fundraising auction items available now for events:

Our team currently has a series of good auction items in stock from some big names in the news. These types of auction items can significantly boost funds raised at fundraising events.

Kobe Bryant – RIP 2020. Signed basketball impressively boxed framed with a custom designed matboard. One of the greatest basketballers of all time, Bryant collected 5 x NBA championships, an NBA MVP, and 2 x Olympic Gold Medals among countless other achievements during a 20 year professional career. A true champion who will surely be missed.

 

Green Day – Signed guitar framed on a custom designed matboard, featuring the signatures of Billie Joe Armstrong, Mike Dirnt, and Tre Cool. Rock and Roll Hall of Fame inductees and undoubtedly the biggest punk band of all time!

 

Coldplay – Signed guitar framed on a custom designed matboard, featuring Chris Martin, Jonny Buckland, Guy Berryman, and Will Chapman. One of the world’s biggest bands with more than 100 million worldwide album sales, and the recipients of countless major awards.

Contact a Helping Hand Group team member near you to find out more about these items. We also have countless other items available to suit the interests of your guests.

99 Cricket Bats Signed by Sir Donald Bradman to Return to Australia

For two decades, 99 cricket bats signed by Sir Donald Bradman sat carefully wrapped up in a cage in a Texas storage unit, forgotten by everyone but the man who bought them. The 99 signed bats are now being returned to Australia. They will be given to charities and community sports groups who can use them to raise money.

Helping Hand Group will sell the bats to charity groups for a margin, and the charities can sell them at action for fundraising. “It was perfect, I thought we should bring them back to Australia where they belong,” Mr Oliver Slobodetsky, Co-Founder of Helping Hand Group said.

“A lot of people don’t know this but Bradman signed anything and everything he could to almost devalue his signature, he believed everyone should have the opportunity to have signed memorabilia of his, so there are a lot of miniature bats, caps and that sort of thing around.

“But being in the industry for a while, I know that these bats will be valuable back in Australia because they’re full sized and Bradman signed the bats on the wood, whereas most bats being sold online have Bradman’s signature on a piece of paper mounted onto the bats.

Klassnik wouldn’t reveal how much he initially paid for the 99 bats, but conceded it “was a lot”.

The Helping Hand Group has donated one of the Bradman bats to The Sunday Telegraph and a special charity campaign to raise money will be announced next week.

For more details contact Helping Hand Group Co-Founder Richard Ernster.