The Benefits of Online Auction Fundraisers

The Covid-19 pandemic has played havoc with fundraising that mainly depended on auctions. With lockdowns and social distancing norms in place, large gatherings in a small hall are a strict no-no. Hence, the first to be hit badly by these restrictions were traditional auctions that, though fun affairs, meant close interaction among people.

Stepping into the vacuum are the online auction fundraisers, a big blessing for fundraisers who depend solely on auctions to raise money for their charity projects. And fortunately, the openness of the Internet ensures that these fundraisers have more benefits to offer than the auctions people are used to.

Let’s check out some of the main advantages of online auction fundraisers.

·   Cost-effective: The less the expenses, the more is the profit for organizers. As against auctions of the past where a venue and an auctioneer had to be hired and a lot of expenses went towards transporting the items from the sponsoring merchants, online auctions are devoid of these costs. The auctions are held through websites that use specialized software, venue is not required to be hired and only photos of the items are uploaded to the site, thereby saving substantially on transportation costs.

·     Higher prices: Online auction fundraisers generally see a higher price at which items are picked up. The reason for this is the large competition to win items from bidders spread out at all corners of the globe. This is the power of the Internet.

·      All items are sold out: Due to the same reason of more bidders and more competition, all items are generally sold out regardless of the numbers put on sale.

These are some of the benefits of online auction fundraisers.