10-01-2019, 07:34 PM
When deciding on the type of auction your organization will hold, first thing to do is to figure out how to stage a profitable auction. To accomplish this, one must master the workings of an auction and to figure out the target audience that will be attracted by the item(s) that are part of the event. Online auctions are the most accessible and cost-effective way to attract donations. With silent auctions, the casual setting allows for varied types of events and audiences. In live auctions, bids can likely go through the roof from people being swept up by the fast pace of the event. Overall, organizations find that the most success comes when using a combination of silent, live, and online auctions. Here is a more detailed write-up.
