Many charities tend to try both strategies at the same time. This may be a question that many people have asked in the past, because without proper research, it is difficult to know that this is a better choice for your charity. Then there are some rules that do this correctly and choose the best option for your charity. We are going to decipher the best choice here.
Before you choose to choose one, it's a good idea to consider your timeline, who your donors are, what you can do for silent auctions, sweepstakes, and the budget for each option.
If you are considering a silent auction, you will have to be prepared to invest a lot of time in the next 6 months or so, just plan and prepare everything. Silent auctions take time to plan, find good locations and get good items for donations. But usually the results and the amount that can be earned due to the event may be much higher than the amount that the sweepstakes can provide.
On the other hand, the sweepstakes can be set quite fast and there is not much money. The only money needed is the cost of the items and lottery tickets that can be won. Many times, when a lottery is held, the items being drawn can be donated to charity. This is even better because the price of tickets is usually not that much.
When trying to determine which option is more beneficial to your charity, it's best to consider that more people will participate in the sweepstakes, rather than recruiting a small number of people to get a project at the end of the event. . The reason is that many times, people entering the sweepstakes really don't care about winning the project. Yes, getting the project would be great, but their intentions are usually just to contribute to philanthropy.
This can also be said about silent auctions, but there are usually more needs than just contributions. Basically means that if someone doesn't really want to auction something, they won't bid. However, in the sweepstakes, they basically gave up money to support charity.
Orignal From: What is a better silent auction or sweepstakes?
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