Online Education

Online education is an education system which is designed to provide the education to those students who cannot join the institutions. It is also known as distance learning and E-learning as well.

Origin

The University of London was the first institution which started this system of education in 1858. More institutions conducted online education system around the globe after the success of this system in Great Britain. In most countries, Open University is the widely used term for such institutions, which are using such sort of the education system.

Working Mechanism

Online education system uses different mediums to deliver the courses and basic syllabus of specific course to the students. Students can get all of their assignment, notes, and projects for research and lectures regarding their courses. There is no need of class room for such sort of activity.

These sources include the internet, CD’s, TV and radio channels and mail. Students can communicate with their teachers or instructors via using the internet. Special chat rooms are made for students, where they can join their other mates and instructors to obtain the help about their study. Many universities have their own TV channels by which they broadcast the lectures and programs, containing the study material. TV channels have proven significant to promote this system of education. Although, many new sources of media have been discovered yet radio is a still popular way to deliver the lectures to students, because everyone has access to the radio in any country. It’s broadcast can be heard at long distances. In many counties, Mail is used to distribute to online education courses as well.

Other new and modern mediums for the online education system are mp3 players, PDA’s and Smart Phones. After completion of the courses, exams are conducted at examination centers, or they may also be given online as well.

Benefits and Advantages

• The biggest advantage of online education is that it provides comfort to students who can’t be able to join the universities and institutions for study because of their personal reason and jobs.
• It provides the boons of education to those students who live far away from any proper institute.
• It fuels the economy by producing a skillful youth and graduates that are willing to serve the nation.
• It is cheap. So, many poor students can get the education by this system.
• It helps to produce the literate nation.

This system is emerging as a new mean to provide the student the facility of education and skills. The progress of technology is strengthening this education system. Without the shadow of doubt, we can say distance learning will be the future of education. Every new mean of communication is making it strong. According to surveys, online education will be the popular mean to get education in the entire world in the future.

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In Your Home-Based Business You Must Focus on Where You Are Heading

The past is gone now and whether it held a lot of positive memories of living or business or negative or a mixture, the point now is to get into the now. You may of had a lot of success in the past in other various jobs and/or businesses but that is then and this is now. The biggest obstacle that faces most home based business owners is not just taking enough action to treat it seriously but also the fact that past conditioned thinking is stopping the flow of success.

Mindset is the most important tool when you are trying to overcome the negativity of others or other obstacles that are in the way. Taking massive action is essential but this has to be done in the right areas. What are your right areas? Have you found a good system to work with and have you built up your brand so as to attract others to your good and services? Well you have to take the appropriate action that is focused and consistent. Of course there are days no-one feels like taking action but let me tell you from experience that this is when you become better than someone else because you go the extra mile. This is where your mindset comes in because, if you feel positive and determined regardless of what challenges you face, you will get to where you want to be a lot faster because your mind is more expectant of good outcomes. Then you will have a Home-Based Business that pays you for life.

What can help your mind? Exercise every day, better food, positive thoughts and confident expectancy. There you are now you can use this as your formula for success!:) Really though it is so much easier to accept that we all face adversity and negative things around us that sometimes try to bring us down but if you are focused enough and know exactly what direction you are headed then nothing but nothing can stop you on this earth, got it! Now let’s get something real clear! If you don’t know what you want out of life then nothing will help you will it because you are not visualising your ultimate goal as you don’t have one. You already know though that you want a Home based Business which is great but you must define what you want to earn and how you will reach those goals. Not to mention finding what area of promotion you have a passion for and beginning to research those areas..

I personally have found that trying to make 100 things work at once in a home based business and make money from them is stupid especially at the beginning. You have to get your mind into the buyers head and realise what it is that they want then, start to gain new skills in areas of marketing to become more familiar with what will work for you and what won’t. Skillset is the way to take the correct action. So using your mind to focus on gaining 1 or 2 skills at a time will be much easier on you and be a lot less stressful.

The Home-Based Business industry is huge nowadays but how many people do you think actually make money? Well I can tell you that about 20% make some money and only about 1 to 5% make a lot of money and this is because too many people focus on too many things. Don’t get information overload, try to find what’s right for you and what you can have a passion for promoting then laser focus on those areas. That’s half the battle is not getting sucked into hype and false promises of overnight riches. What you want is long term residual income for life right so look at the long term!

The only way to get a residual income for life in a Home Based Business is to sell honestly and openly with a servants heart. Believe in what you are offering and be loving and respectful of others wants and needs along the way.

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Fire Your Boss Already! Four Reasons Why Home Based Business is Your Key to Freedom

In today’s times, more and more people are turning to a home based business when looking for ways to make extra money. What they do not realize is that not only does owning your own business give you the freedom to work from home, but it also gives you the ability to retire financially free in 2 to 5 years. Not many jobs out there can offer this. Below you will find some other reasons why owning a home business can benefit you.Set Your Own ScheduleYou can work when you want because you are your own boss of your home based business. When you work from home, you do not have to set your alarm clock because there is no schedule. You can work at 10 am or you can work at 8pm. It does not matter because your schedule is up to you to decide.No BossThis is usually the best part of having your own home based business. When you work from home, you do not have to take orders from anyone but yourself. You can decide how much or how little you want to work. You can give yourself raises simply by putting a little more effort in. You do not have to worry about being fired or being late because ultimately, you are the boss and you set the rules.Residual IncomeA home based business usually allows you to earn a residual income. Residual income is where you do the work once and get paid month after month for the work you have already done. When you work from home with your own business, you have the ability to build your paycheck as big as you want it. Do you want to earn $1,000 a month or $10,000 a month? The choice is yours and any amount of money is possible when you are building a residual income.Retire WealthyGetting back to building a residual income with your own home based business, if you put in the effort and work hard for 2 to 5 years, you will be able to retire financially free. Many people who decided to work from home have retired millionaires in their own business because they worked it consistently. They had their eyes on the big picture the whole way through and are now able to sit back and enjoy the wealth they have created for themselves.These are only a small amount of benefits that you get when you work from home with your own home based business. There are many more but basically you can expect to enjoy the lifestyle you have only dreamed of if you find a legitimate home business and stick with it.

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The Key to Building a Successful Home-Based Business – Develop an Entrepreneurial Mindset

A successful home-based business is something that many people dream about. With it, they can establish their own work schedule, be their own boss, and save thousands of dollars a year on commuting and other work expenses – not to mention avoiding all that traffic! But the problem these people commonly run into is that they lack the entrepreneurial mindset required to move forward with their business in spite of challenges. They give up when things go sour and they become upset when they fail to generate the kind of income they expected to right away. That’s a natural reaction, but the entrepreneurial mindset requires a reaction of a different sort – and it can significantly alter the outcome of your home-based business.Entrepreneurs who are successful find that they don’t see problems as insurmountable difficulties. Instead, they see problems as opportunities to be fleshed out and challenges to meet and conquer. They like to think outside the box and to devise new and creative ways to overcome adversity. A successful home-based business is operated by someone who can implement these strategies – someone with an entrepreneurial mindset. When an entrepreneur encounters something that is not going his or her way, giving up is never an option. Changing course is possible, but only out of necessity after considering all the alternatives. According to the entrepreneurial mindset, no decisions are made out of fear, anxiety, or misplaced passion. An entrepreneurial mindset is a positive mindset; it emanates success thinking, and thus it attracts success in the greater world.If you want to run a successful home-based business, developing an entrepreneurial mindset is crucial. Fortunately, you can train yourself to do this; i.e., it doesn’t have to be an innate characteristic of your personality. You simply need to commit to its development and promise yourself that you’ll never give up, as it won’t happen overnight. For any entrepreneur who is running a successful home-based business, you can be sure that it took time and patience to get there and that the journey was fraught with trial and error. The entrepreneurial mindset won’t make you immune to challenges, but it will show you how to turn these challenges into short-cuts to success.Generally speaking, the entrepreneurial spirit comes in two different flavors-DIY and KISS. DIY of course stands for Do-It-Yourself, and refers to the entrepreneurial mindset that would rather build everything from scratch. If you do this successfully-think Bill Gates or Steven Jobs here-you can make a massive fortune. The sad reality is however that not everyone has the same drive to succeed as Gates or Jobs. (We all have the same potential for greatness-some of us just don’t use it as effectively as those guys did.)The KISS approach (for Keep It Simple, Stupid) is generally much more appropriate for those of us who don’t want to reinvent the wheel while trying to launch a successful home-based business. With the KISS approach anyone with an entrepreneurial mindset can look for and find a veritable business in a box that provides a turnkey solution for a successful home-based business startup. Either approach can work-the key is to find the one that works for you.

The Importance of a Business Plan When Thinking About Starting a Home Based Business

Starting A Home Based Business -If you are looking at ways to create additional income, then you are not alone as many people are in the same situation. Many people are checking out the opportunity of starting a home based business for themselves. A home based business can allow you to make a secondary income or to set aside money for a major purchase. If you want to start a home based business and have it become your primary business then there are a number of things that you need to think about before you get started.You need to have a concrete idea of what kind of home based business you want. Are you able to provide a service? I am sure that you have some skillset that someone else needs. There may be a way to start a home business using those skills. Then again, you may want to start a business that you have an interest but you will have a bit of a learning curve. That is fine if you are willing to learn and do the work that is necessary to get up to speed. Whatever you do decide to do, remember you need to have passion in order to make it successful.Your budget for your home based business will determine how quickly you can proceed to profitability. Business enterprises always involve some kind of investment, although you can start a home based business with very little upfront monies. You must remember to put in the time and effort because the more of both that you put in the quicker you will get into profit.A business plan is a great thing to have and is like having a map. It shows you what needs attention and it gives you goals to attain. We all know that things are constantly changing and that is more of a reason to have a business plan because you can then stay focused on the core concepts. So, while you may think you do not need a business plan do not be tempted to forgo this important piece of a home based business. To do so could be the difference between success and failure.The next important part of your home based business is making sure you keep your business on a time schedule. When you are working on your business try not to be distracted with other things unless there is an emergency. It is best if you can have a separate room for business, not only to be able to conduct business but it will have tax advantages.As you can see if you do the proper pre-planning then you have a greater chance at succeeding in your home based business. You will also have to learn the ins and outs of advertising. Without it, no one will know that you are on the Internet. But, that is another conversation. As long as you take each step carefully, you should be able to start a home based business that will pull in a respectable monthly income – and perhaps even allow for you to stop your dayjob finally!

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Make Finding a Property Management Co Easier on Yourself by Asking the Right Questions, Part 1 of 4

This is a four part series where we have outlined important questions to ask a property management company before hiring them.Series 1 Company’s credentials
Series 2 Property management services
Series 3 Property management fees
Series 4 Tenant screening processProperty management companies come in all sizes, capabilities and expertise. Just because one works for one investor doesn’t necessarily mean they will work for you. Below we have outlined some important questions to ask a company during your initial interview process. Their answers to these questions will provide insight into their business capabilities, credentials and areas of expertise,and can provide you with an understanding of the type of services they offer which are important to you.Series 1 – CredentialsYears in the business – Years in the business can equate to experience and stability within a company. Of course things such as changes in key personnel or senior management can jeopardize this. But generally this is a good indicator of a company with a solid foundation. Chances are they have solid processes and procedures in place to streamline the management of possibly hundreds of properties all at the same time. Make sure these “years in the business” are related to property management and not sales only. Just because they have 30 years running a real estate sale department does not make them an expert in property management or tenant relations.Done business under another name – You should do your due diligence and contact the Better Business Bureau or other reliable service such as Dun & Bradstreet to see if the company your interested in has a good track record or any consumer complaints filed against them. The Better Business Bureau assigns grades from A to F with pluses and minuses. A+ is the highest grade and F is the lowest. The grade represents BBB’s degree of confidence that the business is operating in a trustworthy manner and will make a good faith effort to resolve any customer concerns. If the company your interested in has done business under another name you will want to check the track record of this business entity also.Property Management Only or Sales also – Some investors will only hire companies that deal strictly in property management when it comes time to managing their rentals. These companies are focused on every aspect of property management since this is all they do, and they will not be influenced in trying to get you to sell and making a sales commission.Other investors may find security in knowing they have a management company that is well verse in sales. A company that offers both sales and property management can be very useful if you plan on buying multiple properties and want to work exclusively with one company for buying and managing all these properties. These companies typically will have a good grasp of the overall market condition whether buying, selling for owner occupied or investment.Real Estate or Brokers License – In order to practice business as a property manager some states require they process a Real estate or Broker’s license. To receive a license requires extensive education as well as passing the state’s licensing exam. In order to keep their license current they must also participate in ongoing courses. These courses and license designations cost money and show they have a commitment to their trade. Other states may only require a certificate, which consists of basic classes and passing a class exam.Staff personnel – Some management company may employ hundreds of employees, while others may be run by a sole proprietor. What you want to find out here is the ratio between their portfolio of rental properties and managers they employ. In other words, if they manage several hundred properties yet only have two staff managers, they may be overworked and unable to give you the service you expect.Type of properties you manage – Some property management companies manage all types of properties while others specialize in one type, such as residential. If you have a single-family house that needs managing, a company with 90% of its properties being commercial property may not be a good fit. Typically commercial and community association management is the most profitable for a property management company. And some residential property management company may prefer to manage only multi-unit apartment buildings of a certain size and not manage single family houses at all.Associations/Affiliates – They are many local and national associations that are tailored for the property management community. These associations are full of valuable information, and are a great way to network amongst others in their industry. Once a member of these associations you have numerous channels of educational classes and seminars all geared toward enhancing their skills as property managers. Upon completing class requirements many are given professional designations to promote them as a professional in their field. Some popular associations are “National Association of Realtors®” (NAR), “National Association of Residential Property Managers®” (NARPM®), “Institute of Real Estate Management®” (IREM®), “Community Associations Institute” (CAI), “Building Owners and Managers Association” (BOMA) and the “National Apartment Association” (NAA).Coming soon: Part 2 of 4 “Make finding a property management company easier on yourself by asking the right questions”- Property management services

Choosing A Property Management Company: Important Things to Know

If you own a house that you intend to generate rental income from, then it is recommended that you engage the services of a certified property management company. With the right property management company, you will be assigned a professional who will manage your property in lieu of you.

Before settling on any company to take care of your asset management needs, you need to undertake a comprehensive investigation to ascertain the credibility of the company. Naturally, you want to do business with a company that has what it takes to do the job properly. For this, here are a couple of things that you need to take into account when contracting a one.

1. Sound knowledge of the local market

For proper appraisal, it is important that you contract a property management company with sound understanding of the local market. This includes having a better understanding of what potential tenants are looking for when renting properties. A good company puts itself in the shoes of the potential tenant when appraising your property. This way, they will be able to ensure that your property remains competitive in the market.

2. Meet your property manager

Before entrusting your investment in the hands of another person, it is important that you meet them first in order to get a feel of who they are. A credible manager will always take the initiative of deploying a manager to meet you. When meeting your property manager, use the opportunity to discuss how you would want your property to be taken care of. At the same time, discuss how the company plans to improve your property’s returns.

3. Find a company with good customer relations

The company that you settle for should be in good terms with their present and past landlords and tenants. This is because satisfied tenants translate in low turnover rates. In addition, this will ensure that your property is well maintained by the company you are in business with. During your meeting with the manager, be sure to ask for at least three references. This will give you a glimpse of how the manager, and company by extension, has taken care of past tenants and landlords.

Most experts will confide in you that renting a house is much cheaper than buying one in this economy. If you have a rental property, it is important that you get a company that will help you manage it while you focus on other aspects of your life. Property management companies offer everything from management and maintenance to budgeting and routine repair works.

7 Advertising Strategies The Pros Use To Make Millions

We all realize that when it comes down to it, you can advertise all you want, but when you call it a day, how many leads did you generate and what is the revenue you generated?

All 6 and 7-figure Networkers ask themselves this question: How much money did I generate?

These 7 Strategies will help you to create leads, generate sales, and quite possibly start branding you as The Networking Pundit. Obviously, you don’t have to use all of them at one time, but these 7 strategies are used by the 6 and 7-figure networkers who are crushing it out there on the internet.

Caveat! You are the momentum behind the idea. This is a sexy and succulent industry. You are able to create sexy and succulent results, but understand that YOU are the impetus behind the idea.

Now, onward to The 7 Strategies:

#1 -Copywriting

What are you using to create your advertising copy?
Or to put it another way: Are you copying or are you writing?
I need to know ‘how to’ write an ad. Yes, I agree. We all need to learn how to write advertising copy, a.k.a. copywriting. Joe Vitale and Dan Kennedy are among the amazing copywriting gurus. Their books Hypnotic Writing and The Ultimate Sales Letter (respectively) are two of the best books out there on the subject.

Copywriting is tantamount in our business and creates the most special bond between you and your reader. The more personal your story, the more that potential lead likes you. The more you open up and leave something on the table, the more they trust you. The more they read, the more they know. Know, Like and Trust.

This is the #1 Strategy because quite honestly, you won’t be successful unless you study copywriting. Well, I take that back, you can pay someone a butt load of $$ to write for you and then you can take credit for it.

But, I’m going to let you down easy: Those of you who are looking for some get rich quick kind of schematic will end up joining the Bernie Madoffs and J.David Dominelli’s'of the past. Despised and broke.

These are 7 Strategies you implement yourself, not 7 ways to make you richer faster than anyone else.

#2 – Facebook

What types of social media are you using to generate leads for your business?
Facebook is an incredible way to achieve results by generating leads without having to place ads. It’s F.R.E.E. Advertising!

Ask yourself, who is my best Avatar?
What type of professional resonates with me the most? (well, the network marketing professional of course!)
Who am I able to influence and who is interested in what I have to offer?
Here’s what the professionals do, they add friends. Therefore, take a look at your friends friends and add the people who you most resonate with. By adding 5-10 people a day your FB Page will grow exponentialy. One of the mentors in my Community grew his friend base to 5,000 friends in less than 4 months. Holy Crap! That’s a lot of people who resonate with this guy!

#3 – Placement of Ads

Next, you must plant seeds. If you want a harvest you have to plant the seeds.

Make yourself a commitment to place 7-10 advertisements per day. Professional 6 and 7 figure networkers place advertisements every single day. You are no different. Yes it takes time. Yes it takes effort and Yes it will take all of your energy to create 7-10 advertisements. But, once you continually do this on a daily basis, you will get better and better at it, and before long those 7-10 advertisements will turn into 25-35 advertisements.

Now you’re asking me, where do you place advertisements Nic? Well, I place all over, but the newest place to secure advertising is the most cutting edge of arenas.

Here’s an idea: Banner Advertisements! Go check out the smaller URL’s you visit and see what their banner advertisements cost. Sometimes you’re able to secure a banner advertisement for about $3.30 per lead or less depending on the venue you’re using to advertise your banner
Now for someone new that may seem like a lot of $$. Think in abundance my friend. You too will realize that by breaking your cost down per lead you will generate a heck of a lot more traffic. Don’t get caught up in the $$, get caught up in creating your dream.

Banner advertising? It’s everywhere. Find it on your newsletters that you are a part of and receive daily. Find it on forum websites. Start looking for it, you will find it. Banner advertising is popular and efficient. Don’t overlook anything that reaches the masses.
#4 – Strategic Relationships

CPA – Cost Per Acquisition/Action

This is a relatively new way to create/generate leads for network marketing professionals. Although, it’s been around for a while.

CPA or Cost Per Acquisition/Action is based on leveraging other people’s lists and databases. You give your database and list in kind for someone else’s database and list. Leveraging their names and their leads for your business and vice/versa; It’s strategic relationship building and it’s the newest way to create and build your business.
You have received a lot of advertising based on CPA Networking – just look at your mailbox. CPA Networks are a lot more mainstream now that the internet is more content based rather than information based and people are now targeting leads based on the content they read, listen to, subscribe to, and search for. With 1.8 billion people on the internet and 6 billion people on the planet, the CPA Networkers are positioned very well.

CPA Advertising is a bit more in depth than this definition and honestly and to tell you the truth I have yet to ‘try it out’ but, when a guy who was over +$283k in debt to the Federal Government has now made this a way to create and leverage a 7-figure a year income uses this type of advertising to generate leads and is successful at doing so, I believe I will start paying more attention to this new way mode of internet marketing.

#5 – Ezines

Ezine advertising is a way to generate leads based on specific interests and target markets. Search for the directory of Ezines and find one that you want to use to advertise your specific niche. Use the Ezines that you believe will help you in your specific niche. Sometimes your ads will work, sometimes they won’t. The best thing about Ezine advertising is that you can test copy, solo ads, pictures and the like. Test, Tweak and Track, that’s your motto!

#6 – Use 3 Unknown Traffic Sources

Since the Google Fiasco everyone who had made oodles of $$ on the internet is now wallowing in their sorrows because they put all their eggs in one basket and now they’re wondering where the heck to get more leads. Most, if not all, of these people have been banned from Google Ads and only those who are generating traffic on different modes of transportation are still in the game. The rest of them have cut their losses and are now out of it for good. That’s a blessing to the rest of us.

For those of us who are new and weren’t slapped around, hit up, banned, or otherwise chastised in any way by Google are wondering just what does all this mean for me?

It means we have to find ways to advertise that are different or more challenging that what most of the industry pundits were used to on the Google GravyTrain.

The Finer Points of Internet Auctions

WHAT IS A PENNY AUCTION?

Penny auctions have exploded in popularity with the massive growth of the internet. However, few people know the true origins of penny auctions.Beginnings actually stretch back to the Great Depression. Those were hard times for everyone, but even harder for farmers. Farmers struggled to bring in steady income because of droughts and crops not selling as well as they had previously. As a result, the banks would foreclose on the farmers who couldn’t keep up with their mortgage payments.

The banks weren’t satisfied with just repossessing the house, they wanted to raise as much capital as possible, so they resorted to selling off the possessions of the owners of the repossessed houses. There was not much the farmers could do about it so they began bidding ridiculously low prices, pennies, on the items while threatening others who dared to bid higher than a few pennies.

The auctions of today hardly resemble their tremulous beginnings. Being part of a penny auction today is exhilarating, fun, and addictive. It combines the selling format of auctioning with a little bit of chance factored in.Auctions are a game of strategy but also a game of luck.

The premise behind penny auctions is giving people the chance to win an item at a drastically reduced price.Auctions make that possible by spreading out the cost of the product among multiple bidders. In order for a person to take part in an auction, they must pay a set price for each bid. For example, if a person wanted to bid on a fifty dollar Amazon gift card then he would spend a dollar for each time a bid placed. If he ended up winning the gift card, then he would only have spent a few dollars for a fifty dollar gift card. Usually penny auctions sell bids in packages.

HOW PENNY AUCTIONS WORK!

The main foundation of penny auctions is the pay-per-bid format. It is the key that allows bidders to win items at the fraction of their retail value and allows the auction owners to keep their site profitable. Most y auction sites run on the same premise: people pay a set amount for each bid, whenever a person places a bid within the closing seconds of the auction time will be added, the last person left with a unique bid after the clocks runs out will win the item. There are a large variety of items that can be won, but they tend to be popular electronics or gift cards to popular stores.

There are two types of auctions: lowest unique bid auction and highest unique bid auction. Lowest unique auction sounds confusing but it is actually quite simple. A unique bid is when only one person has a bid at a certain price. Bids usually start at one penny, a bidder can then place a bid at two pennies. Until another bidder places a higher bid, the most recent bidder will be the lowest unique bid because that was the only bid at two cents and nobody bid higher. However, penny auctions generally don’t stop at one penny. It is not uncommon to find auctions that end up at a couple hundred dollars based on the popularity of the item being auctioned. However, the same principles apply for those auctions. Highest unique bid auctions follow the more traditional auction format such as eBay. The person with the highest bid at the end of the auction wins the item.

Auction site owners turn a profit by selling bids. Say twenty people are bidding on a ten dollar gift card at one dollar per bid, at the end of the auction if there were twenty bids placed in total then the site owner would have made twenty dollars with a ten dollar profit.Auctions do seem like a win-win situation:The site owner makes money while the bidder gets an item for dirt cheap. However, not everyone wins in penny auctions. The people who paid one dollar each bid but left with nothing to show for their investments will not be so happy.

HOW TO WIN!

Penny auction has a lot of chance mixed into it, but one can incorporate strategy that will help raise the chances of winning. Playing smart can make all the difference between gambling and auctioning.

The first crucial tip to winning penny auctions is to know how to manage your bids. Your goal should be to win as much as possible without spending a ton of money buying bids. Managing your bids means that you should already know how much you are willing to risk in order to win an item. The amount of capital you are willing to risk will determine how many bids you can use. Once you know how many bids you have to spend on an item, then you will be better able to manage how and when you place a bid. That will keep you from blowing away all of your bids in the first few seconds of the auction.

The next tip is to practice time management. When fighting in the trenches of penny auctions, you have two enemies: other bidders and time. Knowing when to bid is a must if you want to have success. Placing a bid when there is a lot of time left on the clock is never a good idea. You have to remember that the key to winning a penny auction is being the last one standing when the clock runs out and that each bid increases the amount of time left. It would be a good practice to wait until the last few minutes of the auction before you begin to bid.

The final tip for successful auctioning is to keep your emotions under control.Auctions have a lot of similarities to gambling, and just like gambling, your spending can get out of control. If you keep your emotions level, it will keep you from making rash decisions and blowing loads of cash. Keep your mind clear so that you can gage the behavior of the other bidders and outsmart them.

HOW TO AVOID SCAM SITES!

Penny auctions are a great addition to the web whether you want to win an item that otherwise you wouldn’t be able to afford or if you simply enjoy the thrill that comes with bidding in auctions. Unfortunately, scam sites have tarnished the reputation of the legitimate penny auction sites. However, there are ways that you can protect yourself from scamers and enjoy your auctioning without having to worry about losing your money due to dishonesty.

Checking the reputation of the auction site before you start spending your hard earned money is always a good idea. Chances are other people have tried the site before you and some of them have left reviews. The reviews are your way to gage whether a auction site is trustworthy or not. If a site is getting overwhelmingly negative reviews, then that is a clear indication that you should steer your business elsewhere.

Another tool you can use to protect yourself is checking the Alexia ranks of the auction sites. Alexia rank will give a solid view of how much traffic the auction is getting. If you see a huge difference in the amount of traffic Alexia is projecting and the amount of active bidders on the site, then warning signals should be ringing in your head. Some auction sites have been known to set up robots that automatically bid on projects in order to keep the auction going and inflate the price. That is known as shill bidding. You can sniff out those sites by comparing the traffic the site should be getting to the amount of users using this site.

CONCLUSION!

New legislation may come out later down the road that will officially make penny auctions gambling, but until then, it is a fun, exciting auction that allows one to win the item they’ve always wanted but couldn’t afford.Auctions are also quite lucrative for the site owners because of the pay-per-bid strategy they’ve incorporated. Penny auctions had humble beginnings with farmers who just wanted to get back at the banks who kicked them out of their house. More recently, auctions have enjoyed an explosion in popularity with the rise of the internet.

There are two main formats fora auctions, lowest and highest unique auction, however they both run on the same premise where the last unique bid wins the item. Winning a penny auction will require a certain amount of mental tactic and a bit of luck. However, you can increase your odds of winning by practicing certain techniques such as managing your bids wisely, learning how to work with the time, and keeping a level head and your emotions under control. When you combine those three strategies to your bidding plan, you will find that you win a lot more often.

It is important that you do your due diligence to protect yourself when participating in auctions. Not every auction is run by honest and trustworthy people. There are people out there who just want to take your money. You can protect yourself by ensuring that you only bid on sites that already have a very positive reputation from real users.

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How to Find Great Live Auctions for Resale Items

Hi, my name is Walt. I’m an auctioneer with 25 years of experience in the auction business and licensed in the state of MA. I own Quick Auction Service, a company that specializes in building and running custom auctions, I’m also the webmaster of my own site and have been on eBay for 8 years. Besides eBay, the types of auctions I run most frequently are antiques and on-site estate auctions, although I’ve run everything from business overstock auctions to charity & special event auctions.

I enjoy sharing my knowledge and stories of the auction business. My goal for article is to help folks get the absolute most out of their auction experience.

Whether your fresh out of the package or a seasoned dealer I think I can offer something in this article to help you with your auciton adventures.

There may be as many reasons to attend auctions as there are types of auctions to attend. Maybe you want to attend an auction to buy items for re-sale on eBay, or some other market. Maybe you want to furnish your home with wonderful antiques, or you want to furnish your home as inexpensively without sacrificing quality.Some folks are just looking for a fun night out. With a little perseverance all these things are possible.

There are antiques and estate auctions, auto auctions, overstock auctions, absolute and no reserve auctions, real estate auctions, specialty auctions where only one genre of items are sold, tailgate auctions, live auctions, online auctions, sealed bid auctions, silent auctions, charity and fund raising auctions and many more.

Can you really buy for pennies on the dollar at an auction? You bet! Many times I’ve seen folks buy and re-sell at the same auction on the same night for a good profit, although be advised, this should only be done after the auction is over.

There are a lot of ways to find an auction, but here are some tips on how to find and attend the best ones.

Visit the genre of shops in the area that apply to the type of auction you want to attend. IE: If your looking for a good antique auction to attend, stop in the local antiques shops and ask for what there are for good auctions in the area. Sounds obvious right? But listen to what they don’t say as well as what they do say. Oftentimes when a dealer speaks poorly about an auction he or she attends, it may be likely that they are trying to keep a good thing secret. Think for a moment, why would a dealer keep attending a lousy auction?

Newspaper ads: I personally like to find ads in the classified ad section rather than flashy display ads. Flashy ads are usually indicative of an auction that will be high priced, may have reserves, (a set price on an item), and usually an enormous crowd. While any auction can be profitable to attend, it is usually best to steer clear of the glitzy ones, at least for the beginner.

Here’s the minimum you want to find out before you go. If there is a phone number in the ad, call and ask for the terms of the sale. What forms of payment do they accept? Is it an absolute auction? An absolute auction is one that has no minimum or reserve bids on items. These are the best auctions to attend! Is there a buyers premium? A buyers premium is like a tax that everyone who makes purchases at that auction must pay above the winning bid price. Most auctions these days do charge a buyers premium, 10% is not unreasonable but I feel much more than that is greedy, and the auctioneer that charges over 10% is counting on most bidders not doing the extra math as the bids quicken in pace.

A fair auction will have ample time to inspect the merchandise, usually at least 2 or 3 hours. Find out when inspection starts and make sure to attend! Never attend an auction if you can’t make the inspection, not unless your prepared to gamble. Most auctioneers sell at a rate of about 100 items per hour, which is why they sell “as is”. They simply don’t have the time to give a detailed description of all the items. Since almost all items at auction are sold AS IS, there are sure to be some damaged, refinished, fake and incomplete items at any given auction. Beware of any auctions that offer very little or no inspection time.

Good auctions will usually have 150 to 400 lots. A lot may be one item or a group of items. The exception to this are specialty auctions, auto auctions, real estate auctions etc.

When you attend your first sale, take note of the 1/2 dozen or so dealers that buy the most often. See if you can find out about other area auctions they attend.

When you do find an excellent auction, attend it as often as possible. By frequenting good sales, you help increase the bottom line of that business. It’s difficult for many auctioneers to keep the quality of merchandise consistent, so good attendance certainly helps. And when an auctioneer gets to know you as a buyer, he/she will go out of the way to accommodate you, to keep you coming back.

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