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There seems to be a common misconception that Friday or Saturday afternoons are the best time to hold a fundraising auction. For some groups, this may be true. But this empirical rule is not necessarily fixed and does not apply to all non-profit groups or causes. When planning your next fundraising auction, perhaps you should at least consider holding a business day instead of a weekend. Here are 10 good reasons why a weekday event could work in your favor. Lower installation costs: many fundraising auctions are held in hotels, dining rooms and other similar facilities. Almost all of these facilities have higher rates on weekends than the days of the week due to the increased demand for weddings, anniversaries, birthdays, bar mitzvahs and other celebration events. If you schedule an event during the week, you can usually negotiate a significantly lower rate. Lower Catering Costs: Dittos of food expenses. There is a considerably higher demand for restaurant services on weekends

In general, one of the first questions an entrepreneur will ask me is "how much the assets will contribute in an auction". After taking the time to review the assets, the auctioneer should give the client a conservative estimate of the sale based on his experience and current market trends. It is important that the company provides realistic expectations so that the seller can make informed decisions according to their best interest. Compensation and expenses: The company that is considering working for you or against you? The agreement that you decide can determine this. The owner of a business should carefully consider how the auction company is compensated. The most common commission structures include: direct commission, direct purchase of assets, guaranteed base with a superior division for both the auctioneer and the seller, guaranteed basis with everything that is above going to the auctioneer or a flat rate structure . In a direct commission structure, the c