What Is Chinese Auction?

A Chinese auction resembles very much to a silent auction, but the bidding is made with tickets and not with written bids.

Every item that is put on display in a Chinese auction has a fishbowl next to it, where all the bidders can drop their tickets, in case they are interested.

It is not only one ticket that can be put by a single person. You can drop as many tickets as you like to increase your chances.

Also, this system ensures that the most popular items on display will get most of the tickets, exactly like it would attract many bids in a regular auction.

The interesting thing about a Chinese auction is that the tickets cost is low, which makes for a lots of users that are drawn to by the perspective of winning big with little cash.

There are three formats of Chinese auctions:

The standard type of Chinese auction stands for the model we showed you earlier. The guests can visit all the items to see what they like, and then, they drop their tickets. In the end, the winner of each item will be drawn.

Another format of Chinese auction is where all the bidders are seated, and for each item, a presentation is organized, during which anybody can raise their hands and put tickets on it.

This format enjoys much popularity, as many people are drawn to the most popular items and bid on them all their tickets. You can increase ticket sale, by selling them on the spot.

Another type of Chinese auction is the bingo like format. All the bidders place their tickets into a big drum and then the winners are called out for each item.

The chances of winning something are big, and this is why people like this style of auction. To increase their chances, they buy as many tickets as they can, increasing your sales.

Premium tickets can be sold separately for the best items, for which a separate bidding can be held.

Here are some tips for increasing your sales:

- sell tickets in bundles of twenty five, fifty or one hundred;- offer items that you are sure that they will draw many people, like gift certificates, spa packages, travel tickets, and electronics;- offer items together; they will draw more people than the individual items;- you can adapt your Chinese auction to an event that is being underway, like Christmas, or you can just organize an themed auction.

Conclusion

This is a great solution for fundraising. With many tickets sold, you will enjoy a great success. If you want this to happen to you, Chinese auction is for you!

Balva Rudick is the Editor and Publisher of Article Click. For more FREE articles for your ezine and websites visit - www.articleclick.com

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