Online Education – What’s Out There?

Online education is becoming very popular and sought after these days. This is owing to the emergence of newer technologies, specialized, new subjects, and less time for traditional methods of education. The latest technologies like file sharing, instant messaging, online forums, and other interactive features make online education the most convenient and preferred method for higher education nowadays.

So what exactly is this online education? This is the educational training provided and obtained through the medium of the Internet. The trainer can be located anywhere and the student elsewhere. The students can be at their homes or any place where they have access to the Internet to learn the information being provided to them. There are many online courses ranging from a variety of subjects like professional courses to short term courses in various disciplines. Some courses require the students and teachers to meet in physical settings on a periodical basis for the purpose of conducting exams or for laboratory trainings while some courses do not need any meetings other than the online meetings. The number of students earning their online degrees is increasing everyday.

The people who benefit greatly from the mode of online education are the working class and those who are located at remote locations. Earlier it was very difficult for the working class people to pursue higher education. They either had to take long leaves or quit jobs to take more degrees. Even people located at the far end corners of the world found it difficult to learn courses being offered on the opposite sides of the globe. But now with the emerging technologies and success of online education programs many are finding it convenient and easier. Those at work need not quit their jobs or take leaves. Instead they can do their learning even in their leisure times at office as well, and these online degree programs can assist a person in increasing the career prospects to a great deal.

Studying courses offered by the top level colleges are very easy with online education. There is no travel and other related expenses other than the fees necessary for the enrollment. And the fee structures of online education programs are less when compared to the regular college education. Additionally, unlike the regular college going programs, online education programs are more specialized and concise. It is easy to manage your day to day activities as your time is flexibly divided between an online course and other household chores. You will have projects and assignments but these will be flexible and you will have more time for the submissions, and some courses give you more time to complete the course as well. For example at certain universities you can complete MBA within 3 to 6 years. At a regular course, you will have to stick to the correct scheduling, which might be difficult at times. Many people tend to quit the regular programs due to hectic work schedules.

A drawback of this mode of education will be that you will miss the actual feel of being in a class and learning with lot of other students like you.

Legitimate Home Based Business Opportunity – What You Need to Know Before You Join

There are many legitimate home based business opportunity’s that have the potential to earn you serious income. After being in this industry since 1999, I have seen it all. From 27 dollar e-books to mentoring programs that can cost you over $20,000 to just learn how to make money from home. I have even seen financing options for this high price programs.

The truth is you don’t have to spend $20,000 to learn the skills if you know where to look. If you have been searching the internet for any length of time looking for a legitimate home based business opportunity I am sure you have seen several sale pages that promise the moon and the stars but when you actually get the course there are so many missing pieces to the marketing puzzle you get frustrate and quit.

So how does a serious entrepreneur pick an opportunity that is right for them?Here are a list of factors you need to consider before joining any home business?

Does the home business opportunity have any value outside of the opportunity itself?

There are many home based opportunities that can create you a fortune. However, not many people would be interested in the next greatest pill, powder, or juice. Not to say these are not great products. However, it hard to sell a product or service when you can get a 35% discount by picking up similar products at your local Walmart.

Does the home business opportunity have a marketing system that sells the product and opportunity?

The home business industry has change of the last few years. It used to be the only people that found success in this industry were people with massive influence or superior sales skills. With the introduction of marketing systems enables anyone that knows who to drive traffic to be a serious contender in this industry. Just remember not all marketing systems or opportunities are created equal.

Does your sponsor have it own team dedicated to your success?

It is vitally important to get all the help and support especially when starting out. Even more important is getting support from your sponsor. The most successful individuals in the home business industry are apart of a teams. This mean you have multiple people to reach out for assistance when getting started out. The one thing you must realize is that everybody has different skill sets. Some are experts at closing sales. While others excel at driving traffic or web site design. All things things must be in place for your to find success in this industry.

Where Can I Find a Legit Home Based Business That Doesn’t Charge Any Money to Start Up?

There is a very common stereotype among people who are curious about the home based business industry and this stereotype is that only the businesses that have the higher initial fees are the ones who are worth joining. Everyone has the common belief that the more you spend the more you will get out of the business. Of course this is not always true because you do have many legit home-based businesses that don’t trust anything for you to start up with them. Of course not many people come across them because they are not willing to take the time to do the research. This article will illustrate ways that you can actually go about finding these kinds of businesses.One of the first places that you have to look in for this kind of business is in forums where people interact and talk about different things. There are going to be a lot of people talking about these legit home-based businesses and is your duty to take down as much information as you can. Another place that you can look into is in a social networking site. Here of course you will be able to interact with people and ask them questions that may help you in finding out more information.The last method that you can use to find a legit home based business that does not charge you anything to start up is to simply go to the search engine known as Google and type in the term legit home based businesses with no initial cost. By typing this term and you’re going to see a bunch of results of different legit businesses out there that you can investigate and find out more information on. The process will take some time but it will be worth it down the road because finding this kind of business will be beneficial for you.

Why the MLM Marketing Advice From Your Upline Isn’t Enough to Run Your MLM Home Based Business

Are you getting good MLM marketing advice from your upline? Good advice should be determined by doing what they tell you to do, and you actually seeing some results. Every good MLM home based business needs a good marketing system and I’ll tell you why in a minute.When running your MLM home based business, it can seem very difficult in the beginning because you may be unsure of the direction you need to go in. Most people run to their upline looking for marketing advice on how they can get more prospects or leads to join their MLM home based business or downline, hoping to cash in on that residual income that they were promised.However, the unfortunate thing is that all they will get from their upline is marketing advice… and nothing more. Unless you have an upline that understands how to run an MLM home based business profitably along with a proven marketing system, then you will get plain MLM marketing advice that will keep you running around in circles, spending all your time not making a dime, and working from everywhere… but home.Uplines tend to give you advice like:
Make sure to go to the meetings every week
Pass out as many business cards as possible
Talk to your Family and Friends ASAP
Put up flyers
Do Presentations at the Mall, your home, at the store, etc..
Tell people about your website (if you even have one)
Talk about the company’s success…
Get as many friends as possible on Facebook, Twitter, MySpace
etc, etc, etc.
All this can seem like good MLM marketing advice…and the fact is that it is good advice. But, if you want to really make something out of the advice that they give you, then you need to know how to take a more systematic approach.What you need is a marketing system that takes care of a lot of the “grunt” work for you while you spend more time with your family. If you want to go to the meetings, then you can while your marketing system is working for you behind the scenes 24/7.At this point you’re probably wondering what the right marketing system is.Well it’s a system that shows you multiple ways to produce income inside and outside of your MLM Home based business opportunity. It also attracts leads to your business without you chasing relatives and being a slave to your computer. It positions you as a leader instead of your MLM Home based business.On top of that you get trained by experts on the finer points of marketing your business on a consistent basis to ensure you make the most of your business online.That’s what it really takes to have a successful business online. Experts surrounding you and giving you sound MLM marketing advice, systems in place to attract leads and traffic on autopilot 24/7, and most importantly positioning you as leader… the guy or gal who collects the checks!

The Home Based Business Opportunity Seeker

“Keep away from people who try to belittle your ambitions. Small people always do that, but the really great make you feel that you, too, can become great.” – Mark TwainAre you a home based business opportunity seeker?You will discover that starting your own business at home can be a viable business opportunity. One from which you can really make money onlineBut what is it that motivates an individual to set up a home based business opportunity?* Is it money?
* Is it a pent up desire to gain more control over their destiny?
* Or is it the appeal of simple social interaction?As a home based business opportunity seeker you should ask yourself the following questions:- How much time do I have?
- How much money do I have to spend on my home base business?
- Am I really committed?
- Am I the patient kind?
- Am I expecting it to be easy?
- Am I ready to put in hard work?
- Am I not expecting things to happen overnight?
- Am I really willing to go all the way, or quit even before I start?These are really just a few of the questions that I have to ask you. The first “Secret” key to any small home based business opportunities success is YOU! Choosing your small home based business opportunities and then working towards making that decision succeed – starts and ends with you and you alone. To be successful with legitimate small home based business opportunities you must simply must DO all that it takes to ultimately HAVE the success that you REALLY want. In other words… Until and unless you are totally committed, you will always be hesitant and chances are that if you have that kind of negative attitude – you will pull out of your home based opportunity. Let me remind you of the words from Lewis Carroll’s, Alice’s Adventures in Wonderland…’Would you tell me, please, which way I ought to go from here?’ ‘That depends a good deal on where you want to get to,’ said the Cat. ‘I don’t much care where –’ said Alice. ‘Then it doesn’t matter which way you go,’ said the Cat. ‘–so long as I get somewhere,’ Alice added as an explanation. “Whatever the mind can conceive and believe, the mind can achieve.” – Dr. Napoleon Hill I love that quote, Take what you can from it… Commit yourself to your business and only great things can happen. In saying so, I must stress that… Starting a legitimate small home internet based business opportunity will require hard work, patience, and sacrifice. There really is no free lunch… You can very well achieve your financial desires through your small home based business opportunity. But you need to set realistic goals and work, work real hard towards attaining them.The most reassuring part about starting a home INTERNET based business is that no matter what your reason for starting a home INTERNET based business opportunity or what type of home business opportunity seeker you are YOU CAN BE SUCCESSFUL. Even if I give you all the stuff you needed personally got your business up and running and then handed it over to you… You would FAIL! YES! You would FAIL! If you do not have the correct mindset to run your home INTERNET based business you cannot succeed. If you want to me to help you set up and run your very own successful website business with help every single step of the way… just visit my website (see link given below) and take a look.You will not regret it. I promise

How To Sell Your Property ( UK )

There are five distinct phases to selling your property.1. PreparationDuring the preparation period you should be doing three things:a) Decide how you are going to sell. This can be through an estate agent, selling privately or going to auction. When you have worked this out, you can thenb) work out how much it is going to cost you. This should include items such as relocation costs, purchase costs associated with a new property, solicitors’ and agents’ fees, tax (including VAT), mortgage penalties and even the cost of hiring a removals van.c) Prepare the property for viewing and, hopefully, a quick sale.2. Valuation and marketingYour property should be prepared to pass the stiffest of inspections, both inside and out. Make sure that the person who values your home possesses the appropriate professional qualifications from the Royal Institute of Chartered Surveyors or the National Association of Estate Agents. A valuer, usually employed by your estate agent, will visit the property and put a price on it. The price needs to be set low enough for you to be able to sell it within the timeframe you require and also so that you can attract enough potential buyers to view the property. But it also needs to be set sufficiently high that you don’t lose out on any money that you could have made from the sale.
The agent will then advertise your property in the local press, in his window or on the internet3. NegotiationWhen someone is interested in buying your property, they may make an offer below the asking price. It is up to you to decide how much or how little you are prepared to accept. If your property has been on the market for months with very few viewers, you may be happy to accept less than the valuation price just to be rid of it and move on. However, if several offers come in during the first two weeks of the sale period, you would be well advised to stick to the asking price. Whether you accept an offer or not depends on your situation and circumstances.4. ConveyancingOnce you have agreed the sale with a buyer, your solicitor will take over. Although the conveyancing process (moving title of the property from your name to the buyer’s) takes the same length of time for buyers and sellers, there is much more onus on the buyer’s solicitor in terms of the amount of work required so your legal bill on a property sale should be lower than for a property purchase. The normal total cost of disbursements for a seller usually amounts to an £8 land registry charge, plus legal fees. Though not usually charged as a percentage of the property value, most solicitors and conveyancers will link their fees to the price band in which your property falls. Expect to pay anything from £250 to £500 for solicitors fees on the sale.5. CompletionThis is the last stage of the process. It is the precise moment at which the sale is complete and you no longer own the property.PREPARATIONWhen to sellThe best time to sell is when there are many buyers in the market and prices are increasing, and when interest rates remain low.Buying and selling property is also seasonal, with more sales being made between March and July each year. The year-end or Christmas period is slow, but a pick-up is usually achieved in the new year.When not to sellThe worst time to sell is when there are fewest buyers in the market. If interest rates are temporarily raised to calm the market, you may find that buyers are in short supply. If both your neighbours put identical houses up for sale at the same time, it may be a bad idea for you to do the same. Try to follow the markets and read the signs.
If your property is in a sought-after location, you should have no problem selling at a reasonable asking price regardless of the time of year or market conditions.Choosing An Estate AgentAn estate agent can take care of all aspects of the property sale for you. A good estate agent will:Arrange a property valuationAdvertise the property for sale – both online and in traditional mediaCourt potential buyersArrange and conduct property viewingsNegotiate with potential buyers on your behalfHelp to maximise the property sale priceAn estate agent will ensure you avoid mistakes when selling your home, which could otherwise be costly. The agent will charge a commission of up to four per cent of the sale price, although this is normally around two per cent. The actual amount is likely to be at the top end of this scale if you instruct them as a joint or multiple agent, but at the lower end if you decide they should be the sole agent in charge of the sale. No fees are payable up front and you should accept only a no sale, no fee agreement with your chosen agent.Try several agents and get recommendations from people living around you. Find out about estate agency bodies and only choose one which is professionally accredited.An estate agent acting as a sole agency is acting alone in the sale of your property. You are contractually bound not to allow other agents to try and sell your property during the term of the agreement and will be liable for a commission payment to the sole agent should you do so and successfully sell the property.Two agencies working together to try and sell your home is known as joint sole agency. The main advantage is that there will be more than one outlet or distribution channel for your property. You may pay slightly more in total commission than you would if there were just a single sole agent, as both businesses will receive a share of the commission when the property is sold.Multiple agency is where you instruct a number of agencies working in competition with each other. Each is acting fully autonomously and the person or business that sells your property gets to keep the commission. It can be the case that the agent will spend less on marketing your property or act less aggressively trying to sell your property under these terms. This is because they are aware that there is a possibility that they will receive zero commission regardless of how much effort they put in, and so may focus their efforts on properties for which they are the sole agents.
AuctionIf you need a quick and virtually guaranteed sale, you could auction your property. As long as the property is sold, you can guarantee that the transaction will be complete within 28 days of the auction date which offers a certainty of timescales not enjoyed by either of the other two methods.
Auctions are becoming increasingly popular with buyers but there is no guarantee that the seller will achieve the asking price of the property. Auctions are not suitable for everyone, as they attract a certain breed of buyer that may not be interested in every type of property. However, if you set the reserve price low enough, then you can virtually guarantee a sale, even if the price may not be what you are looking for.
Selling your property at auction generally costs around two and a half percent of the price attained. There may well be additional charges involved for marketing your property, adding it to the catalogue or contributing to the hire of the auction room. These charges are not always made separately – sometimes they are incorporated into the commission payment – but you will probably have to pay for them separately if your property is not sold.Private saleYou could decide to do all the agent’s work yourself by selling privately, and, if you manage to get a few lucky breaks along the way (such as already knowing someone who might be interested in buying your property), it is possible to spend no money at all on the actual sale of your house.For those people whose overriding goal is to maximise the proportion of the sale revenue that ends up in their own bank account, selling privately is certainly the best option. You can directly constrain your marketing expenditure and not a single penny of the sale price will be lost in commission payments.The main downside of a private sale is that sometimes it can take longer to sell your home, as your property does not enjoy the level of exposure that it would have if it were being marketed by a professional estate agent. But if time is not crucial, then saving thousands of pounds can be a good reason to go it alone.Prepare for ViewingBuyers can be put off before they’re through the front door. Make sure the outside of your property looks its best, with the rubbish in a bin, and communal hallways clear of junk. Make sure any lawn, garden or window box is a selling point. Clean, repair and repaint exterior surfaces. This should be done before you contact an agent.
Caravans, white vans and old vehicles on and around your property deter more buyers than anything else. Get rid of them on viewing days.Make sure that you clear away any junk or untidy looking areas in your property before potential purchases arrive on the doorstep. Aim to have your property in pristine, showhome condition at all times. This means sparkling surfaces in bathrooms and kitchen, fresh made beds, plumped cushions on sofas and chairs, polished furniture and clean floors throughout.Disguise pet smells and make sure that fresh flowers are displayed. Make your home as warm and welcoming as possible to potential buyers.The FutureA new way of selling your home will be introduced in June 2007. You will have to prepare a Home Information Pack (HIP) which will be made available to purchasers and will cost the seller around £1,000 to prepare.The Home Information Pack is like a traditional survey and will include local authority searches and the property’s title deeds as well as energy performance information and certificate. Buyers and sellers will be given A-G ratings on their properties, as well as practical measures to cut fuel bills and carbon emissions. This must be introduced in response to new European laws.The Government says that the home condition report – the most expensive part of the pack – will no longer be mandatory. Sellers will only be obliged to provide a half-HIP at an estimated cost of £150 to £200.HIPs are supposed to speed up the house buying process, ensure that fewer deals fall through, help first-time buyers and reduce the scope for gazumping.Selling your home can be a stressful and expensive experience. To make it easier on yourself you should:a) choose a reputable estate agentb) prepare your home for salec) build in plenty of time – the process can take monthsd) find out what it is going to cost and make sure you can afford it.This is meant as a general guide and should not be seen as legal advice.

Manage Personal Finance During Youth

Personal finance of everyone are important in achieving personal goals and to obtain success. With this in mind each person should look after his personal finances, but this is not the case when considering the few people who haven’t a personal budget, or those who live beyond their means without pay no attention to their personal finances. When should you begin to manage your personal finances and why?

Franco Modigliani, Nobel Laureate in Economics in 1985 developed the model life cycle in which he analyzes the consumer behavior of an individual during his life. It takes into account in its analysis of changes in income and savings of the individual. He proceeds to the study of several facets of personal finance economic agents during different stages of their lives. The author divides the period of life into two parts which is the activity and inactivity or retirement. The period of activity which includes both sides reveals changes in personal finances of individuals. During the first phase, their personal finances are not very good because their consumption is very high, sometimes exceeding their income.

They are using consumer credit through credit cards and have no heritage. During the second phase people borrow to purchase consumer goods and investment. Indeed, they accept credits for the purchase of cars, credits for the purchase of real estate; credit cards…At that time, personal finances are beginning to improve as savings becomes positive and important heritage until the end of their life. This is due to the decrease in consumer spending since their children can grow up and leave the family roof and have less recourse to credit. During the period of inactivity, personal finance begins to deteriorate as their incomes fall and they want to maintain the same standard of living. They reduce their savings in order to satisfy a higher consumption, and income declines. To maintain their previous level of consumption, they draw on their savings; sometimes tend to dispose of their heritage.

This shows us the importance of dealing with finances during our youth, because it is the best time of our life because during this period we have the opportunity to influence our personal finances through of our revenues from our activities. How positively influence our heritage, our savings, and our brief finances?

Internet Marketing for Small Business – The Vital Truth

As a small business owner it’s our natural tendency to approach everything with a hint of skepticism. There are so many ‘next big things’ that it’s oftentimes difficult to distinguish between a passing trend and a legitimate evergreen marketing strategy for a small business.

Skepticism or no, I’m willing to bet that by now you’ve started seriously eyeing Internet marketing for small business as a viable addition to your advertising repertoire; you’re starting to realize that this is something worth jumping on.

Let’s face it – Your competitors are doing it, so you should do it too lest you unknowingly give up a foothold in your niche.

Wait Just a Minute – What is Internet Marketing, Exactly?

Before we go any further I think it’s worth taking some time to clarify exactly what we’re referring to when we say ‘Internet Marketing’. If you’ve done any research at all on the topic of small business online marketing, you’ve probably seen a wide array of terms thrown about. It can be very confusing to learn anything at all about Internet marketing with a seemingly endless amount of ideas out there… How are you supposed to know what’s what? Well, below I’d like to briefly go over a few of the most common terms and methods that you should concern yourself with:

#1. Small Business Search Engine Optimization (SEO)

Small business search engine optimization refers to getting your business’ virtual property listed on the first page of search engine results (most commonly in Google) for a select group of keyword phrases. Whether it’s a Google Places page, a YouTube video, a Facebook page or even your own website, the goal is to position yourself so that local searchers see YOU before your competition.It sounds complicated, but that’s why we’re here. The results of a successful SEO campaign can be enormous.

#2. Small Business Email Marketing / List Building

Small business email marketing is without a doubt one of the most powerful forms of lead generation out there. Imagine having the power to reach your loyal customers any time day or night with your newest and greatest promotions? Imagine being able to send your customers coupons, newsletters and other interesting content so that you’re constantly in contact with them, remotely building your brand in their mind’s eye? I’m sure with a little imagination you can start to see the possibilities… Email marketing is one of the most viable long-term marketing strategies for small business owners to consider. Your customers aren’t going to stop using email anytime soon, and the ability to stay in frequent contact with a customer even if they’re not visiting your actual place of business is too good to pass up. If you take nothing else away from this article, at least learn more about small business email marketing.

#3. Social Media Marketing for Local Businesses

This is the newest and greatest trend in the world of Internet Marketing for small businesses. Facebook alone has over 800 Million users worldwide, and most users spend a minimum of 6 hours per month on this website. As Facebook grows it’s an increasing amount of time YOU could be using to further your business. Facebook, Twitter and other social media sites are going to be some of the greatest marketing mediums of 2012 because they give you the ability to keep up with interested customers on a daily basis through websites that they’re spending lots of time on anyways. Why not take advantage of this opportunity?

#4. Pay-Per-Click Advertising for Direct Marketing

The next time you’re searching for something in Google I want you to pay attention to the right side of the screen. You should notice a few small ads that are separate from the search results. These are actually paid advertisements from Google’s AdWords program, and they’re a crucial aspect of small business online marketing.

The pay per click advertising (PPC) works is a simple 3 step process:
• Write a small ad for your business
• Pick keywords or locales to target
• Pay per click for traffic directly to your business’ website

Pretty easy, right?

This is a great way to start off your Internet marketing campaign because with Pay Per Click you get exactly the results you pay for. Want to give 100 new customers the chance to fall in love with your business? Pay for 100 clicks to your website… Done. I’m sure you can see the value in this kind of cost-per-lead advertising. Through proper lead generation and analytics you can have yourself quite a profitable campaign that runs virtually on autopilot.

And hey, want to really explode your customer base? Why not use PPC advertising to drive targeted traffic to your email newsletter so you can stay in contact with your new potential customers?

Why Internet Marketing for Small Businesses is a Good Investment

What holds back most small business online marketing campaigns that the business owners fail at marketing automation.

We’ve all learned this lesson: When you try to do everything yourself you inevitably fall behind in the areas you’re best at, and don’t get far enough in the areas you’re good at. The result is that your business slows down, and you don’t see as much revenue as you should / could. If time is money, then you can’t afford to spend an increasing amount of time on something that someone else could be doing faster.

That’s why when approaching Internet marketing for small business I recommend enlisting the assistance of a trained professional.

Time and time again we’ve seen a much greater ROI when the business owner focuses on running an outstanding business, while the Internet marketers do what they do best – Capture the interest of potential customers. Whether you decide to pursue small business search engine optimization to bolster the rankings of your website or social media marketing to get the word out through Facebook / Twitter, you can rest assured that you’ll see better results from someone who’s done it before.

Internet marketing for small business doesn’t have to be time consuming, and it’s certainly doesn’t have to be expensive. In fact, an Internet Marketing campaign can be relatively cheap when compared with other marketing strategies for small businesses! As a small business owner you’d be giving up a lot if you limited yourself to offline marketing only, so I urge you to consider the techniques and methods outlined in this article. I’m sure you can find an Internet Marketing company or service provider who would be more than willing to help you with these internet marketing services so you can start finding new potential customers on autopilot. What are you waiting for?

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.