How it works

auctionofpromises.com is a fundraising platform to make the running of a promises auction both successful and easy. Participants are able to contribute promises to a specific auction and/or bid online in their own time from anywhere with an internet connection.

An auction may be started in two main steps -

1. State your cause and set up other auction details - such as specifying who may add promises and who may bid at the auction.

2. Either add the promises (lots) yourself or invite others to donate theirs.

(There are many customisation options to choose from depending on how you wish the auction to proceed.)
As the auction progresses, it is easy to track progress and for those involved to ask any necessary questions.


At the end of the auction -

- the auction administrator receives details of the winning bidders on each promise and the total raised
- bidders can contact the promise contributors to arrange fulfilment of the promise
- payments collected for promises can be logged and participants contacted in one step
- optional bidding sheets are available after the auction for download, providing a printable paper record of bidding on each promise - as permanant record or for continuation at your live event.


BidMaximiser

The optional Bid Maximiser feature provides a fairer chance to respond to last minute bids and allows bidders to set reminders. find out more

Extra fundraising with repeated promises

Promise contributors have the option of indicating that they would be prepared to offer the promise again for a future fundraiser. Find out more

Auction process - in more detail

The Cause is the place for information about what purpose the fundraising is for. One or more auctions can then take place for the cause. If the cause is a one-off rather than an ongoing one, you can choose for there to be just one auction event attached to it.

An Auction is a bidding event to raise funds for a Cause. The auction can be created by the cause administrator or another person. The auction administrator (person starting the auction) chooses the date and time on which online bidding will end and whether bidding should continue off-line at an attended event.

Promises (auction lots) - the items which people bid on - may be contributed at any time until online bidding ends.

Potential bidders, contributors and the auction administrator can communicate with each other via the Auction of Promises website. All data handled on the site is protected through industry standard data security measures (including encription and password protection).

There is no need to make any payments or give bank details on the site. When a bid is made on a promise, the bidder agrees that if the bid is the highest in value at the end of the auction, to pay the cause according to the payment instructions on the cause page once the promise is fulfilled.

Where the contributor of a promise has specified that they may be willing to offer the promise again, this information is available to the admin for future fundrasing opportunities. Soon there will be analysis functions added to decide when would be best for a new auction.