January 15, 2007
Organizations from local schools to national nonprofits are using auctions, both live and online, to raise needed funds and fill the gap left by shrinking budgets and dwindling funding sources. If you’re one of them, here are a few tips to help you succeed with your next benefit auction. 1. Create a plan. Ideally, planning should start 11 months in advance of the event to make sure there’s enough time to secure a venue, recruit volunteers, procure items and organize and publicize the event. You’ll also want to put a budget together at this time. Expenses can include invitations and catalog publication,
