What is a Silent Auction and How Does it Work
A silent auction is an
online event where attendees access the items on display, place bids on them,
and make their purchases, all through their mobile phones. The difference
between this mobile bidding silent auction and traditional auctions is that
there is no auctioneer present at the site. Participants place their bids
silently on a bid sheet against the bidding number allotted to each item and
hence the name silent auction for this process.
For non-profits, hosting a mobile bidding silent auction is an excellent way to raise funds.
Rather than simply soliciting donations, it offers an exciting opportunity for
donors to take an active role in the auctions and even make a great purchase.
Moreover, since the items at the auction are donated to non-profits, there is
no expense and they reap the full benefits of the mobile bidding silent
auction.
Participants of a
silent auction should be given enough time to check the items and weigh their
options. Have the items displayed on the site at least 48 hours before the
start of the auction. At the auction, when bidders find an item they like, a
bidding number is used to make a bid in the bidding sheet before them. At a
mobile bidding silent auction, there will be a pre-set minimum bid amount as
well as a minimum increase amount. Once bidding has ended, the winning bids
will be announced and the items have to be collected.
Generally, the merchants who have donated the
items take care of the dispatch and transportation against charges paid by the
winning bidders. This too is a pre-condition of the mobile bidding silent
auction.
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