A local charitable organization has approached myself and my hunting buddy and asked if we would donate a our time, use of our firearms and ammunition. They would like us to put together a "Day At The Range" that will be put out to bid as a "once in a lifetime" type thing for their silent auction. The event is an annual one that raises money for scholarships for area children. We have a bunch of ammunition that we have no problem parting with, as well as a nice collection of firearms. There has been increased interest in community members wanting to shoot various handguns, shotguns and rifles that they hear about and see on television. We do have liability waivers and will do our best to ensure that they aren't "prohibited persons".
We're wondering how to price such an experience, as we're not in the business. Local ranges charge a rental fee per gun plus the cost of ammo. We were thinking of letting them choose several guns and shoot for half the day at an outdoor range that we have access to (no range fee for use of the range). Any ideas on how to put a dollar value on what we have to offer? Most times the winning bidder pays just under the retail value of a product or service if it's something that they use on a regular basis, and for "once in a lifetime" type events, have paid twice the "estimated value". For example, last year I attended the event and bid on a hunting adventure in a foreign country. One of the organization's board members owns a huge piece of property and offered the experience for a hunting party of 4 or less. My buddy and I bid on it for the estimated value. We were shocked when the winning bid was double what we had bid, and were told that this is common for "once in a lifetime" type offers.
We'd like to see the organization get as much money as possible, but at the same time want to be accurate in pricing. Any input will be greatly appreciated.
We're wondering how to price such an experience, as we're not in the business. Local ranges charge a rental fee per gun plus the cost of ammo. We were thinking of letting them choose several guns and shoot for half the day at an outdoor range that we have access to (no range fee for use of the range). Any ideas on how to put a dollar value on what we have to offer? Most times the winning bidder pays just under the retail value of a product or service if it's something that they use on a regular basis, and for "once in a lifetime" type events, have paid twice the "estimated value". For example, last year I attended the event and bid on a hunting adventure in a foreign country. One of the organization's board members owns a huge piece of property and offered the experience for a hunting party of 4 or less. My buddy and I bid on it for the estimated value. We were shocked when the winning bid was double what we had bid, and were told that this is common for "once in a lifetime" type offers.
We'd like to see the organization get as much money as possible, but at the same time want to be accurate in pricing. Any input will be greatly appreciated.
Comment