FRIDAY, MARCH 28, 2008
Schools Rake in Cash with eBay-style Auctions
The Boston Globe hit on a great story about how schools are turning to eBay-style online auctions for fund-raisers.
Rather than asking the same tired parents for money month after month, the schools use online auctions to sell valuable stuff for big bucks.
The Globe says:
Facing budget shortfalls that are squeezing education basics, more
Massachusetts public schools are turning to online auctions this spring
to raise money for supplies, field trips, library books, playground
equipment, and computers. And they're raking in from $6,000 to $20,000
in the process -- more money than live or silent auctions generate at
traditional fund-raisers.
The reason: Not only can far-flung
grandparents bid on donated items ranging from restaurant gift
certificates to hot-air balloon rides, but civic-minded strangers with
no connection to the schools can pick up hard-to-come-by items, such as
sports tickets, at a premium price.
"There's only so much money
you can get from the same people, and we've been asking and asking and
asking," said Sarah Windman, chairwoman of the auction at Heights
Elementary School in Sharon. "When we held our auction online, we had
people from all over the country helping us."
BiddingForGood.com and
cMarket, Inc. run the online auctions. The company charges $595 plus 9 percent of whatever an auction earns. The company has overseen more than 700 school
auctions and helped schools nationwide raise nearly $10 million, said
Jon Carson, chief executive officer. The site says it has transacted more than $38 million dollars worth of goods and services and lists nearly 19,000 items for sale.
Posted at 12:01:00 AM
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