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For many nonprofits, silent auctions are the bread and butter of fundraising. The proceeds generated from silent auctions can be a make or break for nonprofits relying on event revenue to fuel their missions.
For nonprofits not using mobile bidding, you’ll need to use silent auction bid sheets to facilitate, well, the bidding. These sheets help organize your auction offerings, track proceeds, and can impact the outcome of end of event your checkout process.
We’ve pulled together this comprehensive resource to help cover the basics of silent auction bid sheets, including:
Let’s get started!
For each item or package in a silent auction, a bid sheet is associated with it. The silent auction bid sheet allows auction organizers to track the bids and revenue throughout the duration of the auction.
Once the auction closes, the auction bid sheets are collected, and the highest listed bidder is considered the winner for each item.
But one important thing that often gets overlooked by nonprofits: all silent auction bid sheets are not the same.
There are certain components necessary to make sure your silent auction goes as smooth as possible.
Your silent auction is only as organized as your bid sheets! Clear and concise directions and information on every bid sheet will help ensure bidders follow directions, understand the items they are bidding on, and minimize stress at auction close.
Sample Silent Auction Bid Sheet
Here are the must have components of any silent auction bid sheet:
SILENT AUCTION TIP: The raise amount is recommended to be somewhere between 10 to 15 percent of the item’s value.
SILENT AUCTION TIP: Set Buy-It-Now prices at 100 to 200 percent of auction item value. This will ensure you get the most from impulse bidders.
Whether you are a nonprofit preparing for an auction or an auction attendee, everyone wants to know how to utilize a bid sheet. It’s part of the fun, the strategy, and the art of winning!
Don’t worry, we have you covered. Silent auction bid sheets aren’t complicated, but there are key steps that increase the likelihood of running a smooth auction or winning that item that you’ve been eyeing all night.
Silent auction bid sheets can help manage your bidding, but another tool revolutionizing silent auctions is mobile bidding.
Introducing technology can make it easy for your donors to enjoy your event and bid at the same time. Consider elevating your auction donor experience with mobile bidding software.
Silent auction bid sheets and paper bidding have been the traditional way of managing silent auctions, but the rise of mobile bidding has changed the auction landscape as we once knew it. Mobile bidding allows your nonprofit to put the auction in the palm of every donors’ hand, making it so much easier for a nonprofit to track and record auction winners.
Different functions and features of mobile bidding have resulted in significant improvements for nonprofits that move from paper bid sheets to mobile bidding. These include:
If your bidders are proactive about checking their bids on your bid sheets, it will turn into a chaotic cardio session making it harder and less enjoyable to participate in your silent auction.
Mobile bidding allows donors to stay constantly connected to the bidding, all while enjoying the actual event. They can savor their meals, have conversations and socialize with others, and participate in your other fundraising activities (live auctions, donation appeals, raffles) all while bidding from their phones.
Today’s donors and bidders are real-life consumers who have come to expect ease and convenience—with mobile bidding giving them both.
It’s easy for donors to get distracted from bidding. If donors don’t keep their eyes on the silent auction bid sheets at all times, they might miss being outbid!
With mobile bidding, your supporters can stay connected to the bidding (and the other areas of your fundraising) via automated outbid alerts. This means if another donor places a higher bid on the same item, donors receive an instant notification via their mobile phone.
They can click the notification immediately and quickly place a counter bid, Max Bid, or Buy-It-Now. Your bidder can even sign up for automatic bidding and set a maximum bid amount within their budget.
Silent auctions can start out strong but then fizzle out as donors forget about placed bids, resulting in lower bids and ultimately lower revenue.
With paper, an announcement is often necessary to tell bidders that the auction is closing soon, but with mobile bidding you don’t need not worry about timing. You can set a countdown clock that displays on every mobile phone, letting bidders know exactly how much time is left in your silent auction.
Keep the auction top of mind by using the auction countdown ticker and watch bidding gamification with a wave of last-minute bidding activity during the final bidding spree.
The whirlwind of an auction can leave the nonprofit scrambling to maintain silent auction bid sheets, satisfy attendee requests, organize registration and check out, and manage all things to guarantee the event goes off without a hitch.
Timing of the open and close of the auction can be a heavy burden on a nonprofit that has infinite more responsibilities than looking at a clock.
Set it and forget it with the “Auction Control” mobile bidding feature. The nonprofit can set a timer to automatically open and close the auction by taking 5 seconds pre-event to set the designated times. One less thing to worry about. Mobile bidding has your back.
As with any event, some of your supporters won’t be able to attend in person. Instead of losing out on revenue from those that can’t be there, mobile bidding enables anyone to bid remotely.
No need for anyone to be excluded!
Connect bidders to your auction anytime and anywhere. They can bid from their couch, from Arizona, from the beach—literally anywhere they are. Bidding from their phones allows supporters to participate in your auction, opening up new revenue streams, making bidding easy, and replacing the need for paper bid sheets.
A silent auction with paper bid sheets often causes guests to wait on long lines to register and check-out.
Check-out can be chaotic, and things can slip through the cracks—literally. Paper bid sheets leave lots of room for manual error.
With your mobile bidding software, all the information is housed in one, central location, simplifying registration for speedy entry.
Show your donors you value their time by using mobile bidding software to speed up your check in and check out, so they can enjoy the event!
Having to run around and collect silent auction bid sheets, declare item winners, organize item delivery, and collect payment is exhausting and stressful.
Mobile bidding will relieve the inevitable check-out stress that comes with silent auction bid sheets. The auction closes immediately after the time runs out on the countdown clock, and the mobile bidding software automatically calculates the highest bidder for each item.
Simultaneously, the highest bidder receives a text notification on their phone with directions on how to pick-up their priceless item.
To make check-out a breeze for you and your bidders, look for mobile bidding software that contains the following features:
Although they get the job done, silent auction bid sheets may be holding you back from new donors, more revenue, and better donor experience.
Consider making your silent auction the best it can be by fine-tuning your auction with mobile bidding. Happy auctioning!
Make your silent auction the best it can be by exploring these best practices: