The electronic silent auction is a relatively new way to hold an auction. It was first introduced in the 1980s and has since grown in popularity. One of the main benefits electronic silent auctions have over traditional auctions is that they are much easier to run because there is no need for live bidding or other people running different parts of the event.
On this page, you will find 3 key points about electronic silent auctions so you can decide if it’s right for your event!
The first key point is that these types of auctions are great for fundraisers. Although electronic silent auction services are usually free, there is still a lot of money to be made through fees and royalties.
The second key point about these types of auctions is that they make it easier to attract bidders–especially international ones! This could help your event gain sponsors or create more interest in the bidding process.
The third key point about these auctions is that this type of fundraiser can give you access to much larger audiences than traditional live events do by allowing people from all over the world to bid on items at once!
Allowing multiple bids allows donors who wouldn’t normally attend your event to have another way to support your cause without missing out on potentially winning something themselves. By including these three key points, you can ensure that these auctions are worth your time to implement.
Are they safe?
Security is always a concern with electronic devices, but silent auctions are no different. In fact, when done correctly, these auctions can be even more secure than their live counterparts!
One of the benefits of using an electronic system is that you have a record of every bid that was placed. This means that if someone tries to win an item by placing multiple bids near the end of the auction, your team can easily see and disqualify those bids.
Additionally, online systems often require bidder registration so only people who are authorized to bid on items can do so. With these security measures in place, you can rest assured that your fundraiser will be safe and protected from fraudulent behavior.
Are they efficient?
Time is money, and one of the main benefits of these auctions is that they can save you a lot of time and energy. Because bids are all done online, your guests won’t need to wait for people to raise their paddles or make phone calls; as soon as someone places a bid, it will be recorded by the system. This takes much less time than writing down individual bids like you would at a physical auction.
Then what’s better: electronic silent auctions?
For these three reasons (and many more), these types of auctions tend to be superior to live ones in most cases where fundraisers are concerned.
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