A fun and exciting way to raise money for your organization or cause is to hold a Chinese Auction. While these fundraisers traditionally have been held at a charity, festival or other event, they now are also conducted on the Internet by way of a Chinese Auction website.
A Chinese auction is a combination of a raffle and an auction. The difference between a raffle and a Chinese auction is that in a raffle with multiple prizes, there is one “hat” from which names are drawn, but in a Chinese auction each prize has its own “hat.” This allows ticket buyers to choose which prize to focus on, as opposed to having a first, second, third, etc. prize.
In a Chinese auction, bidders buy tickets, which are chances to win items. Bidders buy as many tickets as they like, and bid them on any item(s) they want by placing one or more ticket in the “hat” beside the item(s) they are trying to win. At the conclusion of bidding, one winning ticket is drawn from the “hat” beside each item, and the item is given to the owner of that ticket.
A bidder may increase the chance of winning by buying and bidding more tickets on a specific item. Although there is generally no limit to the number of tickets a given individual may bid on a specific item, the chance of winning depends on the total number of tickets bid by all individuals.
Chinese Auctions have become very popular on the Internet. By creating a Chinese Auction website, you can reach people throughout the country who might be interested in bidding on your items and/or supporting your organization or cause. This makes it possible for you to raise much more revenue than if you held the Chinese Auction in person at a local venue.
The following are examples of Chinese Auction websites created by Bitochon. Please click on each design to view information about that particular site.