Is Online Education Right For You and Your Situation?

With many people either unemployed or underemployed, increasing numbers of people are pursuing continuing education in its many forms. Employees may be trying to earn an advanced degree in their field or break into an entirely new field. No matter what their ultimate goal is, many people consider online education at one point or another. They may see a commercial about taking classes online, read a brochure, and wonder if online education is the answer for them. If you are asking yourself the same question, here are several factors that will help you to determine whether or not online education is right for you.

One of the best aspects of online education is the potential for a very flexible schedule. Many people who pursue online education do so because they can arrange their school schedule around a job or a family life. Because online classes are collaborative there is no specified meeting time. Papers and assignments with due dates can be completed in the evenings or during other down times. Discussions are often via message board and students can participate on their own schedules. This flexibility enables people who would be unable to commit to a traditional class schedule to successfully complete online coursework.

In addition to enabling you to set your own class schedule, this kind of education allows you to work towards a degree at your own pace. At a traditional college you are often expected to take a certain number of credits per semester or per quarter. By contrast, with this type of education you can take one or two classes at a time. This can also be easier financially since it makes it more likely that you will be able to pay for your classes as you are taking them rather than having to borrow money for tuition or because you are unable to work while going to school.

In general, online education is an excellent choice for people who are self-motivated. With online education, there no one there to tell you that you need to be keeping up with your reading or working on a paper. It is up to you to make sure that you are staying caught up and doing your best. This means that online education is not a very good choice for people who need lots of accountability and handholding in order to complete tasks and assignments. With this type of education you are accountable for the final product that you produce, but it is up to you to actually motivate yourself along the way.

In addition to being self-motivated, there are a few other things that are necessary in order for your online education to be successful. Obviously you need to have access to a computer with reliable internet access. However, this could involve a laptop with free internet at a library or coffee shop. Lastly, you need to be willing to put the time in that will be required. Online education is flexible but that does not make it any easier than traditional college classes. Online classes will still require significant effort if you want to do well.

How To Establish An Online Home Based Business – And Keep It Up

With the recession still lingering in our midst, more people are looking to the Internet for finding innovative ways for making extra money. A home-based online business may serve as a wonderful way for shoring up your finances in these gloomy economic times. Here’s how to establish your own online home based business.

Evaluate Your Talents And Skills, And Generate A Business Idea

According to home-based business veterans, the best online business is one where you work with your two own hands, and not the one your friend is promoting. How do you set-up or establish your own online home based business? The keys to success lies in analyzing your skills and talents, and in crafting a business plan or strategy, along with staying committed and focused on running your home business. With so many online business opportunities to choose from, you need to take time to evaluate each option, and find out which one is best suited for you. Once you’ve chosen the appropriate online business model for you, create a marketing strategy, and list all the requirements needed.

Analyze The Products, And The Profit Angle

The online business opportunity model you choose should reflect the type of products and services that you truly like marketing. However, you still need to evaluate if the demand for the product or service you choose to market is sustainable enough to generate you long-term revenues. Ask yourself how much are people willing to pay for the product or service, as well as ask yourself whether you can make sufficient income from it.

Stick To Your Business Plan

Once you have chosen an online business opportunity model that you’re truly passionate about, start working on your business plan, and determine which advertising or promotion strategy is best fit for it. Success in managing a home based online business requires that you stick to your business plan, and stay committed to running your business each day. However, if your business is not doing well form the onset, try to find out the possible quirks and fault lines, as well as try to fine-tune your methods. But if the business still shows signs of faltering after a few months, immediately shelve it, and choose another business idea that you like, and start through the process again.

In effectively running a home based online business, failure should not stop you from rising up and starting over again, and find a business idea that will blossom into a profitable and thriving business entity.

Finding the Best Home Based Business For New Online Marketers

People everywhere around the world are in turmoil. The fear of losing their job, which has kept them in comfort over a few decades, could be imminent. With all the talk of job losses and companies going into liquidation people are turning to the finding home based businesses online to try and salvage the losses that they are facing.When a new person comes online they are bombarded with all sorts of get rich quick scams from these web gurus. Telling them that in a few days they will have $100 bills exploding out of their wallets yeah right. So what should someone that is new to online marketing be looking for when they want to find a home based business?The best home business opportunity for the new online marketer is one with a good payout per sale. This is overlooked when people are starting out and they usually go for a $10 business which only pays $5 per person you take into the business. You will need a lot of people to make a weekly wage out of this sort of opportunity and it also needs the people that join under you to bring people into the business but these people might be just looking for a get rich scheme and don’t want to put the work into it so you are left trying to do it all yourself and not really getting a lot of money in the long run. You really need a home based business opportunity that is going to pay you between $200 and $500 per sale. That way with just one or two sales a week you have a decent amount of money in your pocket.The next problem with starting out is that you don’t know how to market online. This is the big one as this is your job as a online home based business owner. So starting out and not knowing how to market you are going to need a business that will do the marketing for you or at least tell you how it is done. Telling you how it is done will educate you but it takes a lot of time to learn these marketing skills that’s why having the business opportunity market for you is the best way to go and get you earning from the start.Finally, when starting your home based business opportunity find one that will give you some decent money for each sale. You also will need marketing training so you can start learning how to market online. A home based business [] that markets for you so you can be in profit while you are learning how to market is a must also.

Rural Living and a Home Based Business

I live in a town so small you can’t even find me with a GPS and I love it, it’s beautiful and quiet. All was great, I worked for pretty much, the only game in town that paid well and I was relatively sure our industry was recession proof. Wrong! I lost my job, due to budget cuts. I figured, No problem I’ll just have to commute, I only live 2 hours in either direction of a Big City or even better I’ll find a Home Based Business.Of course, I started searching for an employer first. Here’s what I didn’t count on, the jobs offered by the employers in the big cities pointed out that I am 2 hours in “Good Weather and Good Traffic” but when conditions are bad it would take me considerably longer. Therefore, these companies wouldn’t hire me, not because I wasn’t qualified but because they viewed me as a “Time and Attendance Issue.” Now if I was willing to relocate, I’d be hired! They made it sound as though I lived in travel trailer that I could just hitch to my car tow to where ever they were located.As for finding a “Real” Home Based business I had all but given up. Oh, the “Opportunities” I found sounded great, but when I Googled them it was frightening. Some people had lost thousands of dollars joining these “Scams”, heck I couldn’t even afford to buy spam let alone invest thousands of dollars.Next step, I started looking into the “Work At Home Positions” that companies outsource. The problem with that is that because I live in a rural area I don’t have access to “Cable High Speed Internet” I have wireless high speed and it’s not as dependable so the few potential jobs I found, I didn’t get.Now my back was really to the wall, I didn’t know what I was going to do but I knew there had to be someway that I could make money and remain in my home. The bills were piling up and I started getting nervous, you know you can maintain perfect credit for 99% of your life but let something major happen to change that and all of a sudden your a criminal to your creditors.One night I was sitting at my computer, as I had been doing since the day I became unemployed and I literally stumbled upon a “Real Home Based Business.” How did I know it was real? First off as always, I Googled it and much to my surprise all that came up was other people trying to get you to look at what they had by posing the question “Is It A Scam Or Is It Real”, I know cause I clicked on all of them.My next step was to take a more in-depth look, which I did, and everything appeared to be on the up and up. Now my concern was can I do this? This was a totally different profession for me, I had no previous education or even one skill in this industry. As I looked deeper into the Business, I began to perk up as I read on.This company offers a system that you plug into, coaches and support staff, training and Wait! What I get to follow the lead of top producers! and best of all they didn’t promise I would make thousands of dollars doing nothing!!!! They said right up front, if you want to make money you have to have the desire and dedication, we provide the tools and training but your success is dependent on you! Wow, in all my searching of Home Based Business I had never seen this, an actual “Honest” Home Based Business Opportunity.There hasn’t been a day that I have regretted my decision, I now get to work from my home, spending even more time in my rural paradise. The transition was made so easy I wish I had found this sooner, if you would like to see what I found click my link below.If your searching for the right Home Based Business whether you live in a rural paradise now or would like to, I hope this is as helpful to you has it has been to me.Good Luck in your making your dream come true! Maybe we’ll meet at the top!Best WishesTammy Bell

MLM Home Based Business – 3 Proven Ways to Generate Prospects

Marketing is what drives sales and profits therefore it is the most important aspect of your MLM home based business process. Your focus and time spent needs to be on marketing your MLM home based business the majority of the time. It is not having a pretty website or counting your stock inventory.You need to market your MLM home based business. What I am going to share with you are three proven ways that you can use to generate prospects.Here Are 3 Effective MLM Home Based Business Marketing Tactics That Has Been Proven To Drive Traffic -Before you proceed with the following proven ways of generating traffic, what you need to have with you is your keywords and keyphrases for your MLM home based business.It is beyond the scope of this article to explain how keyword research is being done but essentially you want strike a balance between demand which you can determine from Google AdWords Tool and for supply, all you need to do is to check your keyword or keyphrase in Google Search with the inverted comas for exact match which will give you a rough gauge on supply or in other words your competition.1. Article Marketing: Article marketing gives your prospects an idea that you are the expert in your market. Therefore you want to provide good quality in your article. Article marketing is something more and more internet network marketers are using to get more hits on their website and increase their sales in their MLM home based business.All you have to do is get some short web articles written and submit them to article databases with your author resource at the bottom. The author resource should include your name, the name of your business, and links to your websites.An extra tip that you want to note is you want to create your author resource around what you is in it for your audience, so go ahead press on their hot buttons and include a call of action for them to click on your link to check out your MLM home based business.2. Video Marketing: Videos is a great marketing tool, for both online businesses and brick and motar businesses. There are many ways you can use videos. You can use videos to market your MLM home based business or your can you videos on your squeeze page to act as your 24/7 salesman.In addition, you can send out free video DVDs that market your business, as well as have videos on your website for visitors to watch. This is a great opportunity to help teach your website visitors something while marketing your business at the same time.3. Blog Marketing: Blog marketing is used mainly for building rapport between you and your prospects. Share your candid views on your blog because people appreciate that and they can feel that you are a real person. What you can then do is to submit your blog post to RSS feeds directory and this will give you additional bouts of traffic because RSS feeds is another source of traffic for your MLM home based business.The key factor for a blog is you want to have new fresh post regularly so that your prospects will come back on a regular basis to learn from you.Use these 3 ways to successfully market your MLM home based business and you will see the results over and over again. Remember you want to be consistent with these proven tactics and you want to automate it so that you can move on to other traffic strategies.

Fret Not Rental Property Owners!

Real property taxes are often seen as an additional burden to property owners. They are often perceived as expenses added to operational cost. The national government acknowledges this predicament hence, tax advantages are being offered to lessen the blow of these tax expenses.So, fret not rental property owners, for the government are offering wide windows of tax benefits. Breeze through some of those tax advantages which might apply to you, while you are in business of providing dwelling units to American people.Mortgage Interest PaymentsUsually property owners are plagued with sky-rocketing interest rates when acquiring any real estate property loans or any other substantial loans intended for the repair of the rental property. In this case, your mortgage interest payments can be a source of great savings. As the property owner, one is entitled to tax rebates from mortgage interests in these loans. The total sum of the interest payments for these mortgages can be directly applied against the total taxes due for the year.Repairs CostProperty repairs cost is another facet that a rental property owner should also take into consideration. Usually, a rental property owner periodically does repairs to provide quality dwelling places for his/her tenants. Periodic repairs include routine replacement of electrical wirings, plumbing, reconstruction of damage house parts and the like. The cost of such repairs, often involves also a good sum. Hence, additional financial burden to property owners. Be worry free now, for this can already be charged against your due taxes for the year. Though there are inclusivity clauses which outline the allowed repair expenses, but still majority of those immediate regular repairs are included in the list.Local Travel ExpensesThe property owner usually pays his rented property for a visit, in cases wherein he is to settle issues on rental policies, payment collections and other operational issues. These visits, surely entail cost, especially if the property is located miles away from the place of residence of the owner. There are even cases that a property owner will have to take an inter-state travel. Hence, the expenses would include additional hotel accommodations aside from fare or gasoline/fuel cost. Travel frequency depends on the demand for actual property visit. Once expenses are accumulated, it will indeed total to a robust sum. Real property taxes included a rebate window for these types of expenses. The total sum of these expenses can be fully claimed against the real property taxes due of the property owner.DepreciationProperty depreciation is also tax sheltered in rental properties. Per taxation practice, rental properties are being depreciated over the actual number of years being used, according to its actual drop in value every year. The said property value drop across time is claimed against the property taxes due. Hence, as a property owner, one has to be really keen in monitoring this claim as this can also be a substantial saving.InsurancesSome counties require certain insurances before a rental property business commences. Often, these property insurances bore high premiums therefore accumulating additional high cost to the existing operational cost of the rental property business. Consequently, adding to the ballooning expenses of the property owner. To lessen this impact, the present tax mechanism offers a tax shield for this, wherein the entire expenses for insurance premium can be reflected as deductions to the total taxes due.Indeed there are ready available tax advantages and benefits that will shield the increasing expenses of the rental property owners. Hence, it is just a matter of accurately applying all these tax benefits. A word of caution though, as a rental property owner, pleas ensure that prior to accessing to all these benefits, all claims must be fully documented.

Can I Become a Property Manager?

Have you ever thought about becoming a property manager? It’s an exciting job, and a dynamic job with a wide range of possible places to work. The property manager handles the business of renting or leasing properties, including record keeping, ensuring regular maintenance is done, and handling property taxes. You’ll work with leasing companies, real estate agencies, landlords, tenants, and residents, and you’ll try to attract new clients through advertising and marketing. Let’s look at what it takes to become one.

There are a variety of places where you could manage, including senior centers, apartment buildings, commercial or industrial properties, health care centers, and even government properties. You will want to decide sooner rather than later which you prefer in case there is special licensing you need to take care of to be qualified to do property management.

In your post-secondary or return to school education, you will want to study at the very least business administration, business law, finance or accounting, and management. All of these courses will give you tools necessary for your job. At a minimum you will want to obtain an associate’s degree, but a bachelor’s would be even better.

Next you will need to take the necessary certification exam for your state. There may be some specific coursework needed that is not part of your degree that you will have to take first. These will deal with topics like leasing laws, property rental regulations, and other specific information.

Some states may require an application to go with your transcript and testing results. An application fee may also be required. Upon receipt and reviewing the paperwork, you’ll be issued a license that will be valid in that state. Not every state will honor the license of another state, so if you move or you plan to be a property manager in another state concurrently, you will need to find out the requirements for that second state.

Finding a real estate brokerage or agency that might be overwhelmed dealing with sales as well as property management is a good place to start. When you can demonstrate that you have the ability to take care of their properties, you’ll be able to translate that into another, bigger job. Be ready to prove that what you learned in school will be an asset to the brokerage.

Another way to break into the business is by agreeing to be an assistant to a property manager. You’ll get hands on experience with the paperwork and be able to make contacts in the industry without the pressure of being a full-fledged property manager. You’ll learn which maintenance companies are responsive and provide quality work, and which ones you should avoid, all valuable knowledge to have when you move up.

So to answer the question can I become a property manager, the answer is yes! You just need to complete the necessary education and get the proper licenses. With a little practice at an office before you start your own company, you will be set up for success.

Why Small Businesses Must Advertise Or Perhaps Die!

There is an ageless axiom in advertising that states when business is good it pays to advertise, but when business is bad, well then one must advertise!

There is certainly no arguing that spreading the word about your business, products, or services is necessary no matter how great a value or benefit your products and services have to offer.

Let’s say for example that you had the cure for the common cold. No doubt virtually everyone would be interested in your product. However if no one knows about your product or knows where to get it, then most likely no one will find it. In other words, the quality or the benefit of the product is not enough to make the product a success. The marketplace has to know what the product can do and, maybe more importantly, where to get it.

Simply that’s what advertising does. Today consumers are bombarded with messages every minute. The challenge is to make sure your potential customers remember your message.

For generations throughout most of the 19thand 20thcenturies, there was little need for small business owners to advertise much. Word of mouth, a solid reputation, and an established customer base usually were enough to maintain a sufficient revenue stream that generated some profit. Small business owners knew most of their customers well enough, personally or professionally, to maintain their business. Competition was present, but often not intense enough to cause too much concern. Usually there was room enough in the market for everyone to make a living.

Advertising – if it was done at all – was mostly done around special events or time of year. Small business owners did the traditional and necessary stuff. They relied on newspaper ads, radio, signs, and maybe television.

Some of the advertising was effective, but for the most part advertising was not necessary for survival. Of course there were exceptions then and there are exceptions now.

Certain businesses have always had to advertise regularly. These include vehicle dealerships and retail stores particularly. But for the most part, most small businesses – and particularly B2B (business-to-business) enterprises didn’t advertise much at all aside from the occasional ad in the trade journal. The latter was usually perceived as mandatory or obligatory. It may not have been much of a sales generator.

Things began to change in the decade of the 1990′s when the world began to shrink thanks mostly to great advances in electronics and communications. The Internet and the World Wide Web brought us all closer to things far, far away. The changes were gradual at first, but momentum has increased steadily and continues today. Frankly, there will be no stopping it any time soon.

Direct-to-consumer small businesses have responded well. The market expanded well beyond the neighborhood for them thanks to E-commerce. Shopping on line has become routine for millions of consumers. The smallest of businesses can ship its product to almost anywhere in the world.

The small B2B enterprises have not responded as well as their direct-to-consumer counterparts. Competition for the B2B enterprise has increased from outside the traditional market and from outside the country. It is a global economy, not just a neighborhood anymore. What was automatic is no longer automatic. Long established customers are courted from afar by new competitors. Established business contacts are no longer present. Buyers and decision-makers are far away, not down the street or across town as they once were. The company headquarters down in Dallas is calling the shots for the Wisconsin location. The contractor from Phoenix is looking for a masonry contractor in Ohio. That’s the way of B2B commerce today.

To survive in the new world economy, both the small direct-to-consumer business and the small B2B business must now do something that hasn’t been done very often or very well for generations. The small business owner must now advertise effectively. Advertising effectively is not just advertising more of the same, but advertising by using methods outside of, instead of, or in addition to the old traditional ways.

Patience is not a typical trait of entrepreneurs and small business owners. The lack of patience on their part is particularly true when it comes to advertising. Most entrepreneurs and small business owners have tried one form or another of the established forms of advertising including newspaper and journal print ads (display advertising), radio or television (media advertising) or direct marketing at least one time.

Consequently, there are many small business owners that will swear that advertising is a waste of money.

Advertising specialists and Marketing experts measure everything. Nothing is left to chance or luck. These specialists and experts know that repetition is essential to any effective advertising program. While it is possible to get lucky the first time, almost always advertising will take time and repetition to be effective.

Signs are a perfect illustration. Advertising professionals know that signs have a very high percent of Recall. Billboards, yard signs, and vehicle signage can have as high as a 96% Recall factor. In other words, people remember the message or important information that the sign provides.

Recall is not Recognition however. A person will drive by an outdoor billboard 20-22 times on average before noticing it. We know this because marketing experts have measured the traffic.

What does this mean for the business owner? There are 21.75 work days per month for the average worker. Large outdoor signage contracts are monthly, but the basic outdoor package is ninety days or more. In other words, advertising experts conclude that there is a statistical probability that the population of drive-by traffic will view and recall an outdoor sign at least once in a business month or at least three times during the three month period of a basic contract. How many people drive by? That depends on the location of course, but the sign company will know how many will pass and the particular demographics of the passerby at various times of the day. Once again, the demographics are measured.

Similar or identical measuring principles apply to all other ad media. Since advertising stimulates people to call or to visit the place of business and advertising encourages the visitors to become customers who purchase products, then it is understandable why frequency and repetition are keys to advertising success.

Speaking of other media, the advertising efforts of any business cannot rely on one method or media. Using one method of advertising is rarely successful. The company’s advertising effort must be a combined and coordinated program with a singular purpose and message. Seeking the advice of advertising or marketing professionals before launching an advertising program is highly recommended and very beneficial.

Furthermore, advertising must be viewed as an investment aimed to generate new customers and new opportunities. In other words, advertising should increase or otherwise benefit sales revenue. How will the small business owner know it is working? You guessed it. The business owner will measure the results and compare the revenue to the investment. How much a business owner spends on advertising depends on the nature of the business and the return on the investment expected or sought.

Advertising can be expensive, but I have identified in the following paragraphs some inexpensive and effective advertising methods that will stimulate product awareness and that will generate the desired results for both direct-to-customer and B2B businesses.

Web site: An effective, commercial web site is essential for any small business in our present economy. Searching the web for information is now the method of choice for not only direct customers, but also business-to-business customers.

Signage: Whether a permanent or portable outdoor sign, yard or street corner signs, vehicle signs, or company uniforms or clothing, signs are very effective. Every piece of moving equipment and every employee is a potential moving sign. An employee in a uniform becomes a walking billboard.

Direct Marketing: Direct marketing whether by mail, email, fax, flyers, canvassing, personal delivery, or other methods remain as solid advertising choices with good return on investment. Frequent and repetitive contacts with targeted customers or market segments are essential however. Once is just not enough!

Cable TV Advertising: Cable TV advertising is the fastest growing medium in advertising today. It is a great way to reach consumers directly so this medium is better suited for the direct-to-customer business, but there are exceptions. Unlike advertising on the local stations of the major Television networks, the cable television providers offer very diverse and highly targeted advertising packages to the local markets at very affordable prices. Often cable providers will produce the commercial for a small fee or include the cost in the advertising package. If Cable TV advertising is a viable advertising option, it is without a doubt the best value and the best return on investment in the market today.

Print Collateral: Color printing is no longer the expensive venture it was in the past. The days of printing 10,000 copies of a brochure to assure a low price per piece are gone. Thanks to direct-to-press digital printing and on-demand printing, the cost to produce a small quantity of company brochures or flyers is reasonable. Additionally, thanks to the ease of editing digital and small quantity printing, revisions or updates are easily applied to keep the collateral piece current. Additionally, thanks to computer hardware and software technological improvements, and affordable, high quality printers, brochures can be produced internally. The business owner must weigh the possible savings compared to the message that a less than professionally prepared collateral piece conveys. Like all other advertising, printed material conveys not only the message, but also conveys the quality image of the company. If your message is printed on a low quality printer using economical printer paper, then that is likely the message you send to your would-be customer. On the other hand, if your message is printed on a higher quality paper stock at the highest quality setting, then the message you send will be quite different. The brochure or print collateral must have the feel of quality.

The Finer Points of Internet Auctions


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.


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.


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.


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.


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.

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.