| Setting a net revenue goal for your benefit auction is | | | | tables or tickets at higher prices, you can expect |
| one of the most important elements of planning your | | | | each guest to spend even more. If your nonprofit |
| fundraiser. It is necessary for your nonprofit staff | | | | organization offers ticket prices that are low, the |
| and volunteers to have a target to shoot for when | | | | average spent by each guest decreases. |
| creating the charity event. But estimating how much | | | | When a nonprofit organization believes that their goal |
| fundraising money could be raised at your silent | | | | is to "make as much money as possible", they have |
| auction and live auction can seem difficult, especially if | | | | not completed the basic planning stages of a |
| this is your first charity auction event. | | | | successful charity auction. Not having a specific goal |
| While an exact dollar amount is impossible to | | | | for your fundraising event is like throwing darts at |
| calculate, the best way to estimate the revenue is to | | | | the target blindfolded. If no goal is decided on in the |
| multiply the number of guests expected at your | | | | planning of the charity event, there is no way to |
| benefit auction by the amount that each could be | | | | evaluate the benefit auction after it is over. If there |
| anticipated to spend. Guests, who are present at an | | | | was a clear budget and a definite goal decided on |
| event where the benefit auction is not the main | | | | before the fundraising event, then we can review |
| purpose of attending, are likely to spend less than | | | | the actual revenue and expenses afterward and |
| guests who are only at an event for the fundraising | | | | decide if the event was successful or if changes |
| auction. If the charity auction is selling corporate | | | | need to be made for the next fundraising auction. |