Global Support Agent
“Sealed bidding helps you combat fundraising fatigue during live and online fundraising events and encourages donors to bid competitively.”
As it sounds, sealed bidding allows donors to simultaneously submit a sealed bid, so no one knows how much the other donors have bid. At the end of the bidding auction, the prized auction item goes to the donor who submitted the highest bid.
SEALED BIDDING HELPS YOU COMBAT FUNDRAISING FATIGUE DURING LIVE AND ONLINE FUNDRAISING EVENTS
OUR SOLUTION TO
Our sealed bidding platform displays the number of bids placed on an item while sealing the name and amount submitted.
When an auction item receives numerous bids, it encourages other participants to bid competitively and increase their previous bid. There is no limit on the number of times guests can increase their bid. In fact, we have the evidence to prove it! Our results show guest participation increases by 9% and average charity profit increases by 166% when using sealed bidding.
Sealed bidding is proving to be more successful than incremental bidding, raising more than 11% on average.
Click here to see the 4 simple steps for a supporter to place a sealed bid.
“Givergy gives you the platform, tools, and assistance needed to create a great online auction.”
Assistant Director of Development, Symphony Space
SEALED BIDDING FAQS
Sealed bidding involves only showing the number of bids placed on an item, as opposed to the highest bid, helping to increase audience participation and encourage bidding. It is also a fully transparent and ethical way to multi-sell items if you have more than one of the same item.
Our reports show guests’ participation increases by 9% and on average, a charity’s profit increases up to 166%.
Yes! You can have different bid modes on your auction items throughout the list – we recommend having a mixture of sealed bids, standard incremental bids and buy it now items.
Absolutely! Through a fully transparent and ethical process, we’re able to easily sell the same item to, for example, the top three bidders at the end of the event, meaning that your charity profit is instantly tripled. We are very upfront in our visuals that we may sell to the top X bidders if multiple items are available. We also recommend adding a sentence to the item description to be fully transparent.