1. Sponsorship Opportunities
One of the best ways to increase revenue at your fundraising auction is by offering sponsorship opportunities to local businesses and individuals. You can offer different levels of sponsorships, such as Platinum, Gold, Silver, and Bronze, each with its own set of benefits and recognition. Some ideas for sponsor benefits include logo placement on event materials, recognition in event programs, and shoutouts on social media. By securing sponsors for your event, you not only increase revenue, but you also build valuable partnerships within your community.
2. Live Entertainment
Adding live entertainment to your fundraising auction can help draw in a larger crowd and increase revenue. Consider hiring a local band, comedian, or magician to perform during the event. You can also reach out to local performers and ask if they would be willing to donate their time and talent in exchange for exposure at your event. By offering live entertainment, you can create a more engaging and enjoyable experience for attendees, making them more likely to open their wallets and donate to your cause.
3. Raffle or 50/50 Drawing
Hosting a raffle or 50/50 drawing at your fundraising auction is a great way to increase revenue. Reach out to local businesses and ask if they would be willing to donate items or gift cards to be raffled off. You can also sell raffle tickets in advance and during the event to give attendees a chance to win some great prizes. Additionally, a 50/50 drawing allows one lucky winner to take home half of the money raised from ticket sales, while the other half goes towards your fundraising efforts.
4. Silent Auction
In addition to your main fundraising auction, consider hosting a silent auction to further boost your revenue. Reach out to local businesses and individuals to donate items or experiences that can be auctioned off to the highest bidder. You can set up designated areas for the silent auction items and encourage attendees to place their bids throughout the event. Silent auctions are a great way to offer a variety of items at different price points, giving more people the opportunity to participate and contribute to your cause.
5. Wine or Spirits Pull
A wine or spirits pull is a fun and interactive way to raise additional funds at your fundraising auction. Ask for donations of wine bottles or spirits from local retailers or individuals, and then wrap them up in mystery packaging. Attendees can purchase a ticket to “pull” a bottle, not knowing what they will receive until they unwrap it. This not only adds an element of excitement to the event, but it also provides an opportunity for attendees to take home a high-value item, all while supporting your cause.
In conclusion, there are many creative ways to increase revenue at your fundraising auction beyond the traditional auction and Fund-A-Need. By offering sponsorship opportunities, providing live entertainment, hosting raffles and silent auctions, and implementing a wine or spirits pull, you can create a more engaging and profitable event for your cause. With careful planning and execution, these additional revenue streams can help you reach your fundraising goals and make a meaningful impact in your community. Good luck with your fundraising auction, and may your event be a huge success!
You can review our digital products by following us on Etsy.
