What is Fund-A-Need?
Fund-a-need is an opportunity for you to ask your auction participants to donate to a specific cause, need or purpose during your event.
Only 40% of auction participants win an item. fund-a-need will help you fundraise with the other 60%.
Fund-a-need typically raises thousands of dollars, even at the smallest auction events. In fact, at faithbid we see that auctions with fund-a-need raise 30% more revenue than those who do not use this feature. It is safe to say, that fund-a-need is a critical element to the success of your auction fundraiser.
On the faithbid platform, auction participants see a blue button that spins to attract attention to the fund-a-need ask. When the blue button is clicked, users can donate the amount on your giving tiers or give a custom amount.
It is easy to program fund-a-need tiers on your auction portal. It is also easy to activate or deactivate tiers throughout your event.
Identify your cause or specific need/s
Determine the donation amount for each tier & how many donations you would like for each tier
Decide when you will feature each tier during your auction event
Program the tiers on your portal
Benefits of fund-a-need
Raise more money
Fund-a-need is truly the X factor for any auction. Activating this feature can easily double or even triple the revenue you generate at your event.
Engage your audience
Asking participants to fill a specific need engages them and keeps your mission top of mind - which in turn incentivizes participants to give and bid for items.
Reduce # of auction items
faithbid makes it easy to add donated items or add risk-free items. However, fund-a-need reduces the amount of items you actually need to generate revenue at your event..