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READY-AUCTION

 

What is Virtual READY-AUCTION?
 

We created READY-AUCTION™ to offer nonprofits and ministries a turnkey solution for hosting a virtual auction. We understand the usual pain points of planning and hosting an auction so we created READY-AUCTION™ to help eliminate those issues.

 

Our goal is to have you just focus on promoting and inviting your donors to attend your event!

With READY-AUCTION™ You Will:

 

  • Save time and effort, and eliminate the need to secure donation items. We have a READY-AUCTION™ Shop with 150+ risk-free, across 12 item categories to choose from.

 

  • Be able to fundraise more often throughout the year. All you need to do is select the date and time of your event, choose the items you would like to feature, and invite your donors to join your auction event. We take care of the rest!

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This turnkey READY-AUCTION™ package is $399 (per READY-AUCTION™). Our Fund-A-Need auction feature is included (valued at $199).

Note: ZGIVE only charges a 5% performance fee after the event - based on items sold.

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Our new READY-AUCTION Shop makes it easy to select the items you would like to feature at your event.

 

Our Shop offers:

 

  • Approx 150+ items

  • 12 Item Categories

  • Items available in a range of price points

READY-AUCTION FAQ's
 

Are READY-AUCTION™ events profitable for the nonprofit?

Yes! But VERY IMPORTANT, profitability and success directly correlate to the number of participants and audience participation. The typical 40 item auction requires approximately 80-100 participants in order to drive bidding and profitability for your organization. Also, you as the nonprofit must commit to diligently marketing and promoting the event via email, social media, website prior to the event.

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How much can we expect to make hosting a READY-AUCTION™?

In a typical READY-AUCTION™ the profit to the nonprofit (based on the sample list of items and quantities shown above), revenue can range between $5000 and $10,000. The net profit is directly impacted by the number of participants bidding and competing to win an item.

The starting bid includes the price of the item, shipping, and a small 10% margin built-in for the nonprofit. 

Remember to ask for donations throughout the event by sending out a text message from your dashboard. Encourage participants to click on the donate button (on the auction screen), or participate in the Fund-A-Need portion.

What is the cost to host a READY-AUCTION™?

The cost for a READY-AUCTION™ is $399. This includes access to the shop and ZGIVE portal programming and vendor management of payment and shipping etc.

How do I add Fund-A-Need?

The cost to add Fund-A-Need is typically $199 per year.  However, the feature is included with your READY-AUCTION™ package. 

Who selects the items to be offered in the READY-AUCTION™?

 

ZGIVE curates best-selling risk-free items for the READY-AUCTION™ Shop, and you select the items in the store that you would like featured for your event.

 

We have developed exclusive relationships with brands and designers around the world to bring unique offerings to the READY-AUCTION™. Many of the items are exclusive bundles and offerings created for ZGIVE. ​​

Can I add my own items to a READY-AUCTION™?

Yes, you may add your own items to your digital auction by going on your portal and adding those directly to the scheduled event. ZGIVE will program the items for the READY-AUCTION™. You are welcome to delete or add additional items as you like. Please keep the balance of participants to how many items in mind as you make your decision. The best ratio is a 2-1 (2 participants for every 1 item).

When should I hold a READY-AUCTION™?

The READY-AUCTION™ is a great time-saver so you can focus on promoting and raising money for your cause. It is not only a great digital fundraising solution but also a valuable donor engagement opportunity.  So the answer to that question is - host one whenever you like :)

ZGIVE requires a two-week lead time (from filling out the intake form) in order to program your portal and have it ready one week prior to your event.

​How does a nonprofit pay for risk-free items that are sold at the READY-AUCTION™?

 

All of the money for your virtual auction will be directly deposited in your bank account. ZGIVE will then charge your nonprofit for the cost of goods to pay the vendors, (nonprofit starting bid includes shipping) using the credit card that is on file.  ZGIVE will also then charge your credit card the 5% performance fee.

Does ZGIVE handle payment of items from buyers?

 

Yes, our digital auction platform collects all payment and address information upfront during the initial registration process, and ZGIVE facilitates payment to the risk-free partners after the event.

 

Do ZGIVE or vendors handle the shipping to our buyers? How much does shipping cost?

 

Yes, ZGIVE and/or our vendors will ship directly to your buyers. ZGIVE includes the shipping cost in the starting bid so there is no additional charge after the fact.

Is READY-AUCTION™ always available?

Yes, the virtual auction is available year-round. Items, however, will vary depending on the season and availability.

How many items should be in a READY-AUCTION™?

The number of items you should feature is based on the number of participants. We strongly recommend having a ratio of 2 participants for every 1 item. This formula helps to drive up the bidding on your items and maximize your earnings.