What Are Consignment Items & Why Do They Raise More Money At An Event Or Auction
Choosing between consigned or donated items for your next fundraising auction? Go with consigned. Here’s why:
Organizing a fundraiser can be a big undertaking, especially when trying to find high-value items that will attract bidders and donors. A way to make your fundraiser successful while minimizing risk is by adding consignment items to your event. Our customers tell us over and over again that including unique travel and once in a lifetime experiences adds the “wow factor” and excitement to their events. They not only bring the “wow factor “ but also excitement about the auction whether it’s a silent or an auctioneer led auction.
What Are Consignment Items?
Consignment items are products or experiences provided by a third-party vendor, like BlueTree Marketing that your organization can include in your auction or fundraising event. You only pay for these items if they sell, meaning there is no upfront financial commitment. This allows organizations of all sizes to feature high-value items without the burden of purchasing inventory.
Benefits Of Using Consignment Items In Your Fundraiser Or Auction
Attracts More Bidders
Consignment items often include exclusive or luxury experiences, such as vacation packages, VIP event tickets, or autographed memorabilia. Even if participants realize that a trip to the Super Bowl is outside their budget, the fact that such a trip is being auctioned lets people know that there is the potential to win this event depending on the bids. People also believe that there is a chance that an item they want may not attract bidders, therefore, they can offer an inexpensive bid. This is another factor that attracts people to your event or auction.
No Financial Risk
One of the biggest challenges of fundraising is securing desirable items or experiences without going over budget. With consignment items, your organization only pays for items if they are sold, which reduces the financial risk.
Easy To Source & Manage
Finding donation items can be time-consuming and challenging. At BlueTree Marketing, we simplify this process by providing a curated selection of items that are ready to be included in your fundraiser.
Boosts Fundraising Profits
What’s great about selling consignment trips, is that you can sell it multiple times at your event, boosting your fundraising profits even more!
An example of this could be that at your live auction there's a bidding war happening for an exclusive trip, and everyone bidding wants the trip so bad that the auctioneer sells the trip to all bidders. Not only does everyone get an amazing trip experience, but you end up with even more profit for your cause!
Expands Your Donor Base
By offering sought-after experiences, you can attract new donors who are looking for more interesting and engaging experiences. These items can also bring in higher-income bidders, increasing the overall funds raised.
Marketing Consignment Items
For marketing the fundraising events, consignment travel and experiences adds excitement and can differentiate your event from other events in your city that evening. Chances are that there will be multiple fundraising events in your city on the same evening, so you need to bring the “wow factor” to generate excitement and attendance to get to your fundraising goal.
Wondering how to generate excitement at your fundraiser or event? It’s not just in the items you’re auctioning, but also in the layout of your event. A table where guests can move about freely is the best layout especially to help attract people to bidding tables. When a group of people are having fun at the event, this will naturally generate a crowd around them which in turn could turn the item into a FUN bidding war.
Since our travel and experience packages are on consignment, there is no financial commitment! That means that you only buy the items from us after they are sold to a bidder, so there is no risk. Contact us to schedule a call and learn more.