If you’re looking for a way to double or even triple the success of your live auction, consignment auction packages may be just what you need. By offering unique and exciting experiences to your bidders, you can generate more interest and revenue than ever before.
But what exactly are consignment auction packages? Essentially, these are experiences or items that are donated to your organization for auction, with the understanding that you only pay for them if they sell. This means that you can offer high-value items or experiences without any risk to your organization.
So how can you use consignment auction packages to maximize your live auction success?
Here are a few tips to get started:
Choose the right packages
Look for packages that are unique and exciting, and that will appeal to a wide range of bidders. Consider experiences like luxury travel packages, VIP access to events, or once-in-a-lifetime adventures.
Promote the consignment auction packages in advance
Use your marketing channels to promote the packages in the weeks leading up to your event. This can generate buzz and anticipation among your supporters, and encourage more people to attend.
Offer packages multiple times
Instead of just offering each package once, consider selling it multiple times. This can help you generate even more revenue, increase the excitement around the auction, and save you time. If you have a bidding war you can offer it to all bidders that are still active. You can also set a price for the package and offer it to anyone in the audience willing to pay that amount. For example one client sold a trip to Cancun, Mexico 21 times in less than 5 minutes at their event.
By using these tips and strategies, you can make the most of your consignment auction packages and maximize your live auction success. With the right approach, you can double or even triple your event revenue and make a real impact for your nonprofit organization.