Got Gift Cards? Start a "Grub Grab"
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*See full gallery of photos for Grub Grab
Nearly every Charity Auction has an abundance of Gift Cards on its silent auction tables. They are great and will generally yield 100% of the card's value. Simply put, a $100 Gift Card to Tony's Steak House is worth, almost every time, exactly $100. No real mystery to anyone involved.
So let's make things easy on everyone. If Tony's Gift Card is going to yield $100, whether it's in your live, silent or online auction...just sell it to the first person with $100 and be done with it. No need to drag this out all night.
Basically we are creating a "Buy It Now" table that is exclusively featuring Restaurant Gift Cards. *Amazon, Home Depot, Fuel cards all work too. Must be FIXED VALUE and not coupon or 2 for1 type cards.
You want dinner at Tony's? Give us $100 and it's yours. That simple.
NOTES:
Does not work on "Dinner for 4 at Tony's" - everybody has a different idea of what this is worth. Stick with only "Fixed dollar" gift cards.
It’s totally fine to have a few $5 @ Burger King Cards in the mix with right next to the $250 @ Ruth Chris' card.
Does not work with restaurants that are G.U.(Geographically Undesirable) for your crowd. Keep it local or with National brands like Home Depot or Lowes.
Give it a fun name - Grub Grab, Foodie Frenzy, Restaurant Row, Dine-N-Dash, Food To Go, etc
If setting up a display table, put it somewhere central in your room. It usually sells out fast.
I've seen clients set up a "Listing Board" of the available Gift Cards on either simple Poster Board or Dry Erase board. Could easily be done on computer monitor too! Simply advertising what you have available. EXAMPLE: $50 at Sizzler, $100 at Tommy's Bistro, $5 @ Burger King When you sell one, just cross it off the list.
Do not offer discounts on purchases unless you have the last few remaining that just are not selling.
