With the Internet invading almost every part of the lives of people, can auctions be far behind? Shopping, reading, booking holiday packages, conducting job interviews, and much more are held online. What speeded up the introduction and exponential growth of virtual fundraisers was the Covid-19 pandemic with the resultant lockdowns and implementation of strict social distancing norms. A virtual auction fundraiser has now become a very critical component of getting money together for a cause.
There are several benefits of a virtual auction
fundraiser. People from any corner of the globe can take part in these
auctions. Hence to cater to bidders from various countries cutting across time
zones, such an auction generally runs 24x7.
Further, a virtual auction fundraiser raises more
money than traditional auctions. This is because the items are displayed to
people from all over the world and hence the bidding for them is much more
competitive. An item that is quite insignificant in the country of the auction
is generally a prized item for other people in different countries. Go online
and hold a virtual auction fundraiser and the profits too will be
higher.
A virtual auction fundraiser is held on websites that
use specialized software. Organizers are offered fully-managed services
starting from registration of bidders, displaying photos of the goods being put
up for sale, conducting the bidding, and finally declaring the winners. All
sites have several modes of payment gateways for payment by the winners. The
responsibility of organizers preferring a virtual auction fundraiser is
restricted to the dispatch and shipping of the items to the winners.
