Auctionideas

One of the most effective ways to raise funds in these trying times of lockdown and social distancing is to take part in online auctions to sell items. Here are a few tips to follow. Take inventory of all items Take stock of everything that will go into the online auctions to sell items. The advantage is that you can sell a single item or a hundred over time. To start, select around 20 items and then go back and add more when you are ready or the items are available. Stagger the closing times of the auction to keep your bidders on edge and to make them coming back for more. Be precise in starting bids Set the precise take-off value or the starting bids at 35% of the proposed value with the target to get between 80% to 100% of market value. Keep provision for about 12 to 16 bids per item but this can change depending on the price point you want to sell the items for. Keep the rules clear Define the rules of the auction. In regular in-house gala events and auctions, people