Quality Education

With the way the economy has been, there have been a lot of cutbacks in almost every aspect of life. From jobs to spending, people have been forced to make sacrifices in order to get by. Several organizations and businesses have made reductions to stay afloat. With all of these cutbacks, educational institutions have been a topic of debate. On one hand, some colleges have made reductions in course offerings and faculty employed to cover the lack of money. While on the other hand, some have simply increased their tuition in order to preserve the quality of their education.

According to a study written in the New York Time’s article, “Study Finds Public Discontent With Colleges,” many Americans are losing faith in college education. In fact, 60% of citizens surveyed are saying, “colleges today operate like businesses, concerned more with their bottom line than with the educational experience of students.” A vast amount of the United State population feel that colleges and universities are more focused with their financial reward rather than the education they are providing.

In his speech, Martin Luther King Jr. talks about the true function of education, saying it is “to teach one to think intensively and to think critically.” He goes on to say, “But education which stops with efficiency may prove the greatest menace to society.”

So with the recent cutbacks in higher education, are schools becoming a menace to society, or are they continuing to teach students to think intensively and critically?

In order for schools to run with “efficiency” they need the necessary resources: highly educated professors, up-to-date technology, clean campuses and an inviting place to learn. However, these things cannot be achieved without money. So how can Americans continue to get the standard of education they are expecting if schools lowered tuition?

In the same study, more than two-thirds felt that colleges should “use federal stimulus money to hold down tuition, even if it means less money for operations and programs.” But it’s important to point out that these two-thirds are also some of the same 60% saying, “colleges operate like businesses.” So by saying that they would rather have lower tuition by giving less money to “operations and programs” these two-thirds are turning colleges into the “businesses” they are frowning upon.

The senior vice president of government and public affairs for the American Council on Education, Terry Hartle, said, in reference to lowering tuition, “The public is not always right.” She goes on to explain that running a first-class college costs money and if schools cut tuition, then they “would require cuts in areas that most people see as fundamental to quality.”

Education is one of the most important aspects of life and those like, Terry Hartle, are wise to protect and preserve the quality of education. Yes the costs may seem steep, but the price students’ pay is incomparable to the knowledge they obtain.

Melaleuca Review – Is Melaleuca A Legitimate Home Based Business?

If you have been around the multi-level marketing industry for long, there is no doubt that you have come across Melaleuca in your search for a home based business. Who is this company? What is it exactly that they offer their customers and affiliates? Can you really make money with Melaleuca as a home based business? I intend to answer these important questions in my Melaleuca review.

With their roots going back to 1985, Melaleuca is a health and wellness company that operates under the leadership of CEO Frank VanderSloot. Melaleuca offers a wide selection of products ranging from nutritional supplements, weight loss solutions, and home cleaning products to name a few. The more than 350 products that Melaleuca offers are claimed to be more effective, safer, and better for the environment.

You will never find Melaleuca products on the shelves of your local grocery store, as all the products that they offer are sold exclusively through their large network of Marketing Executives (distributors). This represents the business opportunity that they are well-known for.

As a Melaleuca Marketing Executive, your mission will be to find as many customers as possible through the efforts of encouraging prospects to try everyday products that they already buy elsewhere, saving them money in the process. You will then try to encourage many of your customers to not only be consumers, but to become Marketing Executives in your business. You will earn commissions on every product that your customers order, and will profit from the sales of those in your downline as well.

When you visit the Melaleuca website to learn more about the particular details of their compensation plan, and the investment that will be required of you to join them; Melaleuca will ask you to get back to the person who referred you to learn more. If you happened to come across their site in an online search, or you do not know the name of the Marketing Executive who approached you, there is a 1-800 number that you can call under their ‘Request More Information’ tab.

In my opinion, Melaleuca is a very legitimate company that offers everyday products that are both well praised by their satisfied customers, and eco-friendly. If you choose to make Melaleuca your home based business, it will be important to take into consideration the challenges of encouraging your customers to consistently order products through your business on a monthly basis, instead of heading to their local grocery store, where these competitive products can often times be offered at lower prices.

The methods of prospecting amongst your friends and relatives, and participating in home meetings and hotel presentations will still apply in this business, as with many other multi-level marketing business opportunities. If you have a strong desire to build a business of this nature, then Melaleuca is a very solid company that has changed the lives of thousands.

As always, I wish you the best of luck in your search for a home based business that is best suited for you and your family.

Are You a Struggling Home Based Business Entrepreneur? – Welcome, You’re Not Alone!

Why do most people who start their own online Home Based Business do things back to front? What is this author on about I hear you ask? Did you start your own online Home Based Business not knowing how to properly market on the Internet? You answered yes right?It seems that most people in this industry seem to make the same mistake when they venture out into their own online Home Based Business opportunity. Most other professionals regardless of profession open up their business once they are fully qualified. An accountant for example will open up his own company once he realizes that he is a good accountant and he is probably going to bring with him a decent sized client base before he/she makes that decision.Truth be known most people starting their own business practically know all aspects of their business before even making a decision to start their own company. Yet for some strange reason people starting their own Internet home based business, we do it back to front maybe because we haven’t pursued what Internet training is involved? And how do we get that training? These are specific questions that should be posed to the person bringing us on board. However, most of the time it’s down to you to get fully educated in this field of online marketing.You’re Not Alone:There have been many people before you, and right now someone on has just signed up and are now in the same position as you or in the same position as you where. Everyone is told that the company have a great training system in place and if you can place a simple three line ad in a newspaper you will attract leads and so on… Unfortunately print media is an expensive route to take in relation to running an online business and why wouldn’t you want to take advantage of the internet, it’s the cheapest form of advertising available and you can even select, which countries to advertise to.If no-one clicks on your advertisement you don’t have to pay anything, unlike the media, after day (1) or day (30) your ad has practically disappeared at a very expensive cost to your pocket. How come so many people who have started their own network marketing business or their own multi level marketing business [http://www.CreatingWealth-4u.com] and are now a struggling Home Based Business Entrepreneur. You know the answer, your lacking in your education in this field. And, like any other profession in society you need to be educated in order to know how to do something correctly. There is an art to everything and if you do not have the basics behind you, then welcome to the mass of struggling Home Based Business Entrepreneurs.Online Marketing Education:Don’t be disgruntled it’s far from over however, it’s that time again, it’s time to go back to school and it does not take that long if you get the right tutor and do a bit of cramming you can definitely have exposure on the net with a relative short time. My advice is to stop spending your marketing dollars NOW and seek out some proper education in this field it’s money very well spent and your earning potential will dramatically improve. There was a dramatic improvement in my online business when I took the advice that is basically listed here, get educated and save yourself tons of money and start earning, that’s why you started your online business right? Let me give you a couple of examples, you are reading this article RIGHT NOW and this is a form of Internet Advertising and it’s free.Guru’sAdditionally, as you have probably realized there is a lot of guru’s out there stating they are the best thing since sliced bread, tread carefully and it is always better to get a referral from your up-line or down-line or anyone even the author of this article is available to point you in the right direction. Lastly, and I am repeating myself for your benefit get yourself educated on all aspects not just some but exposure to all parts of Internet marketing and you will start to see a huge difference in every part of your business. To Your Success.

The “Hidden Mystery” to Triumph When Starting a Home Based Business

Due diligence and research are the best methods to avoid bad choices and regrets as well as many marketing tools being taught to the affiliate marketers in order to best plan their strategy for their program. Work at home business programs are affordable, easy to join and implement. The economic uncertainty has people considering alternate ways to earn income. Starting a home based business opportunity is not that hard now that we have the internet at our disposable.Principal work at home essentials1. Target desired traffic – Try to write a minimum of 2 articles per week, with at least 300-600 words in length. By continuously writing and maintaining these articles you can generate targeted readers to your site every day.2. Publish free information – Giveaway useful information, tools or advice on your blogs or websites.3. Knowledge Base – Have knowledge about the product that you are promoting about the affiliate program and network you will be promoting.However, there is good news for affiliates who are willing to roll up their sleeves and get to work. By teaching yourself to work hard everyday with all the energy you can muster, then you will be close to achieving what your heart has desired in the first place, financial independence. When you own a home business, there are no bosses to order you or your employees around, you are the boss. Neither should anyone influence your attitude toward the business, because once in it, it is a must for you to be the captain of the ship and the master of your soul.Take the time to analyze your marketing strategy and check if you are in the right track. Since these home business opportunity programs are easy to join, implement and pays a commission on a regular basis, more and more people are now willing to start an affiliate home based business. The tactics given above when starting a home based business opportunity does not really sound very difficult to do, if you really think about it.

Things to Consider When Starting a Home Based Business

Operating a successful home based business requires many steps and a high level of dedication. Often times home based businesses are the most difficult businesses to start and operate because of the reduced cost and burden of operating a business from home. While for many the opportunity to begin a business with little or even no money to begin is very appealing, these factors contribute to the increased failure of home based businesses. The threat of large financial/real estate losses or major negative changes in a person’s life is often times the most motivational factors for a business owner. Due to the nature of a home based business, most people will maintain their primary level of income and attempt to supplement that with an additional level of income through their home based business.When you first decide you want to begin a home based business you must first determine what type of business you want to operate. There are many businesses to choose from; and you should carefully determine what type of business you will be most successful at operating. Listed below are some important things you should consider when determining what type of home based business to begin.o How much money are you prepared to invest into the start-up and continued initial operation of your business?
o What level of activity and type of activity is required for you to achieve your desired income or desired results from the business?
o Are you willing to commit to the level and type of activity required to achieve your desired income or desired results from the business?
o Do you have the space and/or resources available to properly operate this business? (Example: Do you need a workshop, storage area, meeting area, or other physical space requirements?).
o Will this business fit into my lifestyle and home?Tip: Try to pick a home based business that requires skills you already possess. If you are a full time salesperson; perhaps you can find a product you can wholesale, or maybe you can find a product/service you can market to your current sales/buyer relationships.Tip: You will have to step out of your comfort zone to maximize your success, but when you are making your initial determination on business selection you should not selecting a business where the majority the activity required for success is outside of you comfort or interest zones.

Why Each Home Owner Needs A Property Tax Doctor

Because each home owner who protest their assessments, with a knowledge of how the property tax assessment system works, often receive $500 to $1000 tax savings, if not more annually on their property tax bill. Simply stated the property tax bill is calculated by multiplying the homeowner’s assessment times the local property tax rate and subtracting any tax deductions for which the individual home owner is eligible.The property tax doctor can show you how to lower your assessment and thereby reduced your property tax bill! The property tax doctor is a former tax assessor who knows first hand how difficult it is for the average person to penetrate the tax assessor’s bureaucratic jungle comprised of arcane terms and practices. No government document does this for the home owner.Just like going to a medical doctor’s office the first thing that you need to do is to gather the necessary information with which to do the paperwork. The primary sources for that information is the homeowner’s property record card obtained at the assessor’s office and comparable home sales. Most homeowners armed with one or both of these information items get their assessment reduced the majority of the time without going beyond their local tax assessor’s office.Just as you ask your medical doctor informed questions to get some pain relief, so also you must ask your tax assessor (with the help of the property tax doctor) some informed questions in order to win some property tax relief. The best advice the property tax doctor can offer is to go to your local tax assessor’s office and check your property record card for mistakes of fact! Clerical errors and plain mistakes do occur during the valuation process. Here is a partial list of common mistakes you should check up on.1. The dimensions of your home or the dimensions of your land are wrong.2. Failure to note depreciation on adverse-onsite conditions or no depreciation or minimal deprecation shown for an older home.3. The dimensions of your land are wrong.4. Check all computations, whether or not you understand where the factors came from.5. Failure to note depreciating off-site influences — a factory or landfill producing toxic fumes.6. The quality of improvements are wrong — you have a stone not a macadam driveway, or — you have the low priced whirlpool tub not the big name expensive whirlpool tub.7 Finished areas are listed incorrectly — basement is shown as finished and it is not.8. The age of the home is listed incorrectly or the number of stories is wrong.My father would not let the local tax assessor, who was also his best friend, go past the kitchen table at our farmhouse. My father was afraid he would see certain interior home improvements and he would increase our assessment. My father mistakenly believed that improvements he had made inside the farmhouse like a new bathroom sink, plaster repairs, wallpapering, new ceilings, new light fixtures would add to our assessed value. Likewise he put off making outside repairs until after the next revaluation because of fear of an increased assessment. Surprisingly, he was wrong. Outside repairs like roof replacement, repairing masonry, repair of porch, steps, stairs, etc. do not increase the homeowner’s assessment. Neither does replacing garage doors, or sheds, sidewalks, etcOften establishing the proper combined property value for your home and the land under it is the key to your property tax appeal. To win your appeal the homeowner must establish his or her property’s value at a level lower than the one the assessor used.To establish market value the homeowner can go to the web site http://www.zillow.com to get a rough estimate of the value of his home. The site uses some basic variables like square footage, number of baths, acreage and number of bedrooms to calculate a market value for the home based on a formula that is driven by other home sales in the neighborhood. Where zillow has the sales data this is a good first step to see if your home is assessed way too high.In years after the revaluation year the homeowner should find out what the assessment to sales ratio for his or her taxing district is in New Jersey. This ratio is announced each year and is available from the local tax assessor’s office. It represents the average at which the assessed value for all properties that sold in the past year was compared to their sales value in the municipality. Why is it important? It may provides a key factor in proving that you have received an unequal assessment and are entitled to file a discrimination challenge to your property assessment to win a tax reduction.An unequal assessment is one made at a higher proportion of market value than an average of the other parcels on the roll. A year or so after a revaluation housing inflation often makes the assessment your tax assessor placed on your home look low compared to sales prices of comparable sold homes in your neighborhood. But watch out!A low assessment to sale ratio in a municipality can fool some taxpayers into thinking that they are being assessed below market value and are therefore getting a break. However, if all assessments are set below market value then the tax rate must be increased in order to collect the necessary amount of tax revenue. The same amount of tax is collected, but the taxpayers are fooled into thinking they’ve gotten a break and do not search for malassessments.Now, do not forget that the assessment to sales ratio (or common level ratio) is a key factor in getting you property tax relief. Let me explain. An important test for fairness of your assessment is not just its relationship to market value. It is also whether or not it is fair in relation to assessments on other properties in your town. For example, if you have a home with a market value of $800,000, but it is assessed at $600,000, you may think you are getting off cheaply. However, if your neighbor’s house which is comparable to yours is assessed at only $200,000, you are paying three times as much real property tax as you should!When your property is under appeal the County Board of Taxation can adjust your home’s value to the common level. The taxpayer should know the average ratio in the municipality where the property under appeal is located before filing a tax appeal. Remember the ratio changes annually on October 1, for use in the subsequent tax year. Also, remember this adjustment to the common level is not used in the year of revaluation or reassessment when all properties have been brought to 100% of market value.Once the County Tax Board determines the true market value of a property they are required to automatically compare that true market value to its assessment value. If the ratio of the assessment to the true value exceeds the average ratio by 15%, then the assessment is automatically reduced to the common level. The homeowner gets his property tax relief. But watch out! If the assessment to true value ratio falls below the common level, the County Tax Board is obligated to increase the assessment to the common level. The homeowner would then get his property tax increased. If the assessment falls within the common level range no adjustment is made.Each year on October 1 of the pre-tax year the assessor establishes a value for each of the properties in the municipality for the following tax year. The annual assessment value is considered tentative during the period of public inspection of the new tax list from January 1 to January 10th. The purposes of the inspection period is to enable the taxpayer to ascertain what assessments have been made against him or her and to confer informally with the assessor as to the correctness of the assessments.At this point your approach can be informal and will not require a formal, written appeal. Taxpayers have an opportunity only once each year to file a formal property tax appeal. Get your tax form for property tax appeal purposes from your County Board of Taxation web site. Generally, it must be received by the County Board of Taxation on or before April 1 of the tax year. If the taxpayer misses the deadline for filing a formal appeal the taxpayer must wait until the following year to make a challenge for any tax relief.The Property Tax Doctor can help the average homeowner win his rightful property tax relief. Under the common level adjustment, described above, the New Jersey’s statutory standard for an acceptable property tax assessment margin of error in its calculation is 15%. In New Jersey where the average homeowner in 2006 paid about $5,000 per year in property taxes that amounts to an acceptable error of $750 in the propertytax bill. If we administered our Federal Tax bill with that 15% margin of error we would have a taxpayer revolt.Gerald Dowgin © 2006

Personal Finance Newsletter – The Best Solution’s Source For Personal Finance Matter

When you have problem relates to your finance, you may need to have personal finance newsletter for help. There should be necessary information that can be used to run and handle your financial matter. Personal finance newsletter can also give you valuable information to sustain your financial strength and stability. Let’s have more comprehensive overview about such newsletter. Check it out!

Putting Your Money to Best Use

A number of teenagers that have just had the first job may need to learn how to manage their financial condition appropriately. This is very significant to avoid squandering the money. Additionally, this is not the time for teenager to make use of money from parent or using up money useless. Instead, there are many valuable information teenage can learn how to grow their finance correctly by reading the newsletter.

In general, the majority people don’t have an excellent idea on how to manage their finance. In addition, they also do not recognize the best useful guidelines on how finances should be handled. Subscribing for a finance newsletter will help them learn all of these essential things that in turn will assist them handle their finances in a more effective and profitable manner.

As a matter of fact, it is significant for everyone and teenagers to recognize how to deal with one’s finances. It will be always significant though the latter have their kinds of problems that are best understood by subscribing to a teenager centric personal finance newsletter.

The majority teenagers will experience the general problem on how they spend their personal finances. Generally, they use up their money on spontaneity of buying whatever they set their hearts. In this case, a personal newsletter is the right tool to assist them learn better sense.

Giving teenagers a personal finance newsletter would no doubt be the best course of action rather than having them realize the error of their ways after they have blown up their money. With the newsletter, they can learn about how to handle their finances in a proper way.

Small Business Ideas – Phases and Basics

Most small business ideas are born out of inspiration, frustration, circumstances or almost any reason other than well thought-out logic and plenty of pre-planning. How about your small home based business idea?

As a result, the ever cycling phases of plan, finance, start, run, grow, sell are random and chaotic. Each phase is dealt with, if at all, in a reactive mode rather than a responsive mode. This pattern seems to work as long as you see your small home based business as a source of wages versus a business entity responsible for making a profit with your “wages” being paid as part of the business’s employee overhead

A few small business owners eventually break out of this mode and into a true business ownership role where they begin to, as Michael Geber described in his classic book “The E-Myth”, work on their business rather than in their business. This transition can be difficult for many because it requires some forward thinking and functional discipline. In other words, you’ve got to think about the future not just react to it. You need to focus on the basic business functions and how to apply them to your business at every phase of the business cycle.

A simple way to begin your move into the role of true small business owner is to become familiar with six phases of the small business cycle and the eight business basics you’ll need to apply in different ways at each of the six phases.

Small Business Phases

The six business phases are plan, finance, start, run, grow and sell. Typically, small home based business owners attack the phases of business development in order of their own strengthens or the greatest source of pressure. It takes a strong sense of discipline to move through each phase in logical order. It’s not a matter of slowing your small business down, but, rather, accelerating its success and profitability by not skipping a step and moving from one to the next.

Small Business Basics

In different ways in each of the phases you always be dealing with each of the eight business basics of objectives, management, finance, personnel, marketing, operations, production and resources. Each small business basic is a point of education and implementation for new small home based business owners. Think of each basic as a function to learn about and a section in your business plan. Learn about each basic and then take your own current or projected data and move it into your small business plan.

It takes time and discipline to cycle through each of the business phases and master all of the business basics but the rewards for most small business owners are success and profitability. Your small business idea is too important to penalize yourself by not earning those rewards. Start right now by assessing what phase your small home based business is in and what basic needs your immediate attention.

The Finer Points of Internet Auctions

WHAT IS A PENNY AUCTION?

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

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

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

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

HOW PENNY AUCTIONS WORK!

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

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

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

HOW TO WIN!

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

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

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

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

HOW TO AVOID SCAM SITES!

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

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

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

CONCLUSION!

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

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

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

How to Find Great Live Auctions for Resale Items

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

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

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

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

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

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

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

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

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

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

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

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

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

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


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