When someone starts a business, they spend a lot of time planning the business and working to raise money and get the business off the ground. But after that, the purpose of the business and the idea of not running out of money are completely aligned. We run businesses to make money, not to spend money. If all goes well, you won’t need any more funding after the start-up period.
Nonprofit organizations, on the other hand, register to do at least the following: two thing.
They’re here to solve problems, address trauma, enrich culture, and do the difficult work we can’t necessarily do on our own.
But at the same time we ask them to raise funds. Not just for a while, everytime.
The more successful they are, the more funds they need to raise.
Along the way, it’s not uncommon for nonprofits to spend 50% of the funds raised on additional fundraising costs.Because that’s not the case They are Because it’s inefficient we teeth.
We request celebrations, emergencies, or well-written fundraising letters. Donors ostensibly want personal attention from those doing the front lines and strategic work of nonprofits, and treat regular giving as the exception rather than the norm.
The advent of the Internet dramatically lowered transaction costs in a variety of industries. You can buy airline tickets yourself faster and with less intervention than through a travel agent. You can buy stocks for trading fees that are a fraction of what brokers used to charge. But creative and effective nonprofit fundraising is stuck in a cycle of risk, noise, and uncertainty.
GOODBIDS makes it easy for nonprofits to create events that capture the attention of new as well as regular donors. Although it still takes some effort to secure a prize, our tool leverages the work of nonprofits significantly, and the fees we charge nonprofits are a fraction of the cost of a typical fundraiser. Part of it.
Today’s new auction is a rare collectible donated by a special friend.
We hope you enjoy seeing how our auctions are working positively for the charities you care about.
PS Bonus Tip: Each Goodbids auction has an end date and time, but if someone bids near the end of the window, the auction will automatically be extended. So there’s no benefit to waiting until the last moment. There is no last minute, and the auction continues to run until the bidding is complete.