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Section III: Conducting Strategic Benefit Auctions for Donors and Dollars
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Section III: Conducting Strategic Benefit Auctions for Donors and Dollars
by Kathy Kingston
A Higher Bid: How to Transform Special Event Fundraising with Strategic Auctions
Title Page
Copyright
Dedication
About the Author
Join Kathy's community
Foreword
Introduction
Note
Section I: Strategic Benefit Auctions: The New Catalyst for Philanthropy
Chapter 1: The Shift: Event Transaction to Philanthropic Transformation
Pillar 1: Find Out What Matters Most to Your Supporters
Pillar 2: Invite Your Supporters In
Pillar 3: Inspire Your Supporters to Fall in Love with You
Pillar 4: Give your supporters reasons to stay in love with you forever
Pillar 5: Invest in What Counts; Ignore the Rest
Revitalized Leadership Roles for Board Members and Auctioneers
Philanthropy Model versus Transaction Model of Auction Fundraising
The Giving Gap
Conclusion
Notes
Chapter 2: Bid High and Prosper: Are Auctions Right for You?
Critical Factors for First-Time Benefit Auctions and Every Year, Really ...
Decide What Kind of Auction You Want
Consider These Questions for a First-Time Auction
A: The Role of the Professional Benefit Auctioneer
U: One-of-a-Kind Items Make Your Event Unique
C: Cultivate Auction Guests
T: Timing Is Everything
I: Inspiration for Impact
O: Outcomes
N: No Bidder Left Behind: The Fund-a-Need
S: Sound, Lights, Action!
Conclusion
Notes
Chapter 3: Energize and Empower Your Board and Team
Engaging Board Members
Keep the Energy Going after Your Auctions
Start Now for Next Year
Leverage Board Contacts for Sponsorships
Conclusion
Note
Chapter 4: Make Your Auctioneer Your Quarterback
Catapult Your ROI: Increase Your Profit by 20 Percent or More
All Auctioneers Are Not the Same
Audience Motivation
Lead Time
The Style of Selling: The Chant (That Thing Auctioneers Do)
Showmanship and Fun
Advantages of a Professional Fundraising Auctioneer
Your Magic Formula: Return on Auctioneer (ROA)
What Do Organizations Want?
How Nonprofits Benefit: What's in It for You
Other Services Fundraising Auctioneers Offer
The Auction Team: Professional Auctioneer Bid Assistants
How to Retain a Great Auctioneer
How to Interview an Auctioneer
Competencies of a Benefit Auctioneer
Auctioneer Compensation
Your Mission Ambassador
The Fundraising Auctioneer—Your New Philanthropic Partner
Your Auctioneer Can Be Your Coach Too
Conclusion
Notes
Section II: Designing Strategic Benefit Auctions
Chapter 5: Attract the Right People First
Obsess on Strategic Audience Development
A Philanthropic Approach to Audience Development
Attract More High Bidders
Draw on Your Development Professionals Expertise
Empower Your Community of Champions
The Super Connectors
Get Rid of Your Ticket Committee
Kathy's Top Strategies for Audience Development
Five Mistakes You'll Want to Avoid
We Sold Out! Create the Expectation to Give
Make Your Event a Signature Networking Opportunity
Conclusion
Chapter 6: Procure Incredible Auction Items
It's All about Relationships
What's Hot? Fulfill Fantasies, Hit Emotions
What's Not? It's Personal
How Many Items to Procure?
Analyze Your Auction Data
Use Time as a Guide
Making the Ask
No Is Not Always No
Kick-Off Rally
Connections to Procure Auction Items
A Few of My Favorite Things
Consignment items
The Dream Game
Conclusion
Note
Chapter 7: Make Your Show Flow
Planning Your Show Flow
Anatomy of a Benefit Auction
Design an Inspiring Program
Make Every Minute a Revenue Minute
Transitions: From the Fund-a-Need
Shrimp Cocktail—Your Secret to Big Silent Auction Bidding
Run Your Auction Like a Track Meet
Add a Stage Manager and Speaker Handlers
Note
Chapter 8: Communicate Donor Impact
It's Not the Plane—It's the Destination
Riveting Remarks Raise More Money
Getting to the Heart of Your Message
Extreme Focus on Fundraising
Kathy's FAB Formula
Leverage Your Sponsors' Marketing Power
Sponsors Have Powerful Relationships
The Gift of Influence
Public Relations
Specialty Newsletters and Publications
Social Media Marketing for Benefit Auctions
Item Solicitation and Procurement
Marketing during Your Fundraiser
Climb the Golden Ramp
Conclusion
Notes
Chapter 9: Measure Impact
Your Auction Data Is a Goldmine
Know Thy Audience
Performance Snapshot
Beyond the Numbers
Kathy's PILI Method: Purposeful Informal Listening In
Kathy Kingston Fundraising Auction Impact Scale
You Get What You Measure
Conclusion
Notes
Chapter 10: Leverage New Technology
Fundraising Auction Software
When to Do an Online Auction
Top Strategy for Fund-a-Need Mobile Bidding
Conclusion
Note
Section III: Conducting Strategic Benefit Auctions for Donors and Dollars
Chapter 11: Optimize Silent Auctions for Loud Results
Too Little Money for Too Much Work?
Strategically Cultivate Guests during Silent Auctions
Empower Your Leadership Team Now
Your Auctioneer Is Your Ambassador Too
Learn from the Retailers
Claim the Prime Space
Amazing Grazing
How Many Silent Auction Items?
Generate Crowd Momentum
Elevate Your items
Superb Sound
Silent Auction Quad Pods
Timing: When to Close Silent Auctions
Volunteers Are the Key to Success
What's New in Silent Auctions? Mobile Bidding
Conclusion
Notes
Chapter 12: Maximize the True Worth of Your Live Auction
Twin Morals of the Story
Twin Strategies for Ultimate Live Auctions
Why Live?
Stop Selling Items—Start Selling Your Cause
Why Risk It?
Stand Up Front and Gain a New Perspective
Combo Auctioneer and Emcee
A Hidden Benefit of Live Auctions
Increase Generosity: Prepare Your Guests to Bid
New Stakeholder Leadership for Higher Bids
Curate Your Live Auction Items
The Fun and Profit Factor at Your Live Auction
“Auction-tainment”: Lights, Camera, Auction!
Double Double—Dollars and Donors
When Bigger Is Better—Bid Cards
The Value of a Live Auctioneer Team
Engage Donors in New Ways
Note
Chapter 13: Ignite Generosity with Fund-a-Need Special Appeals
Double Your Income in 10 Minutes
Inspire Generosity and Goodwill
The Secret Ingredient
Communicate Emotionally
Characteristics of a Successful Fund-a-Need
Showing Donors That Their Gifts Made a Difference
Why You Need a Professional Benefit Auctioneer
Preparing Your Fund-a-Need Speaker
The Run-Through Required
Visuals during the Fund-a-Need
A Long-Term Strategy
Eight Key Points for a Successful Fund-a-Need
Conclusion
Notes
Chapter 14: Add Strategic Income Streams (…and Fun)
Make Every Minute a Revenue Minute!
Planned Spontaneity and Profits
Add More Fun
Fresh, Fun, and Profitable Income Streams
Heads-and-Tails
The Mystery Grab Bag
Premium Dessert Frenzy
Auction Chicken
Party Boards
Gift Card Frenzy
Centerpiece Auctions
Silent Auction Green Line Auction
Golden Ticket
Pot of Gold
Wild Card Auction
Mini Live Auction
A Word on Raffles
Great Fundraiser Warm-Ups
Notes
Section IV: Leveraging Strategic Benefit Auctions
Chapter 15: Keep the Money Flowing
The Party's Over—See Ya Next Year…Maybe…
Stop Inviting Guests and Start Engaging Donors
Do You Treat Every Guest as a Donor?
Your Auction Items Are Sold, but Are Your Guests?
Cheers! Sonoma Harvest Wine Auction's Stunning $4 Million Success
Pick Door Number 3: Take Your Organization to the Next Level
Create the Greatest Impact—A Strategic Donor Cultivation Plan
Get to the Heart of What Matters
The Power of a Story
Notes
Acknowledgments
Resources
Associations
Journals and Media
Auctioneers
Books
Articles and Reports
References
A Final Call: Giving Back and Passing Forward
The Kingston Fund
A Special Note to Kids
Inspire Others and Yourself
Notes
Index
End User License Agreement
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Chapter 10: Leverage New Technology
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Chapter 11: Optimize Silent Auctions for Loud Results
Section III
Conducting Strategic Benefit
Auctions for Donors and Dollars
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