There is a revolution taking place. People all over the world are discovering the power within a home based business opportunity, and they are taking advantage of the economic disruption and income generating opportunities that these businesses are bringing to the world’s marketplaces. It has become clear that the work from home businesses have trumped the old business models of the behemoth corporations and their pension plans are going the way of the dodo bird. The public is waking up to the transformation, and many people have built massive businesses in just a few years.If you want to work from home by owning your own home based business, here are 3 easy steps that you can take to start a business and get it up and running:Step 1 – Find A Solid Opportunity That Excites You!There are many ways to build a business from home. One of the popular ways to build a business is to get involved with a company that offers individuals the ability to distribute products and services. There are many types of these opportunities available, and they are in many different industries. There are some in telecommunication, health and wellness, legal services, affiliate, and travel just to name a few.Find and research the work from home companies that interest you. Here are a few things that should be researched thoroughly before making a decision to jump on board and work from home with that company:• Compensation Plan – How will you get paid?
• Training – What training does the company offer, and how extensive is it?
• Products/Services – What will you be marketing? Are you passionate about it?Choose the work from home opportunity that best fits you and get ready to start.Step 2 – Get The Training To Be Successful.The first thing anyone should do once they choose to work from home in their opportunity is to dive in and get training on the business and its products or services. As in any business, the goal is to create sales production that produces monetary results, so it is imperative that you learn how to operate the business and how to talk to people about it. Every major player in the home based business arena has done a very nice job in supplying the independent business owners with adequate and proper training. Many of these companies have created extensive online training libraries and distribution channels that allow the business to be a true work from home experience.Step 3 – Create A Plan And Stick To It.Every home based business needs a plan. To work from home sounds nice and easy, but it will require a decent amount of effort in the beginning stages of the business. Without a plan, there is no guide to follow in order to grow the business and this is where most people tend to fail and quit. Find out how much time can be devoted to working on the business every week, and schedule those times out in advance. Make a plan for training, make a plan for phone calls, make a plan for personal meetings, and make a plan for marketing. If you truly want to be successful in your home based business, and work from home whenever you want to, then give it the respect that it deserves and go all the way. Plan for success, budget the proper time, and maintain the discipline to carry out the actions that will bring results.A home based business opportunity can afford unlimited income potential, and free up the time in our busy lives to do the things that we love to do. Taking a balanced approach to choosing a solid opportunity, getting the necessary training, and planning out a proper business venture are the keys to getting a great start.
Work From Home By Starting A Home Based Business In 3 Easy Steps
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 Successfully Market Your “Home Based Business”
Whether you are out of a job, looking to supplement your income or want some of the luxuries in life we all have one thing in common, we want to make extra money and a home based business is a great way to do this. An online home based business allows you to work from the comforts of your home.The first step to earning extra income in an online home based business is to have a computer and an internet connection.The second step is to find an online home based business that you believe in.The third step is to begin to build your business and this is where the work begins. Most people become disappointed when they have not made any extra money in the first few days, weeks, or even months. This is mostly due to a lack of understanding of what there actually is to do to build an online business. To build a legitimate online home based business is a continuous process of showing your business, educating yourself, applying what you have learned and marketing your business. The main objective to building your online home based business is to pitch your business to a specific targeted audience because you have to get your website in front of as many people as possible so they can see what your business has to offer. To earn extra income and show that your home based business is legitimate, you need to make your presence felt on the internet. You do this by marketing.There are many ways to market your home based business. You need to do this in a way that ensures that your website is optimized for the search engines to find you. You need to start choosing certain keywords and build back-links to your website to achieve good rankings in the search engine resulting in free targeted traffic that goes directly to your website. This whole process is called Search Engine Optimization (SEO).Here are 9 effective ways to market your home based business:Viral emails – This kind of marketing is done by sending out emails, using back-links to your website. There usually is a one- time fee for this service.Forum marketing – Join a forum and join in the discussions. Put a back-link to your website in your signature file.Article marketing – Article marketing is simply writing and submitting your articles to several article directories on a consistent basis. You use the author’s resource box to anchor your keyword and use a back-link to your website. This type of marketing can be totally free, all you need is the time to write and submit your articles. If you don’t have the time, you can hire a ghost-writer to submit articles on your behalf.Squidoo and Hubpages marketing – Here is where you are creating lens or hubs by writing articles. You use the same rules as in article marketing; create back-links and keywords in your resource box. This type of marketing is also free.Video marketing – Create YouTube videos from your articles and put your website on the video. This will create back-links to your home based business as well.Social Bookmarking – Join Digg.com, or like sites, and submit your articles, Squidoo lens, Hubpages Hub, YouTube video, etc. Then there are sites that will take your submissions and spread them out using an RSS feed. This again creates numerous back-links to your home based business website without having to rewrite all the work that you have done.Social marketing – Create a group and spread the word about your business. This can be done through Facebook and MySpace. Create a back-link to your website here as well.Twitter marketing – spread your seeds here creating curiosity about your home based business. You can then send them to your articles, blog, etc.Blogging – Talk about yourself and what you have learned. Share some information and put your website here, creating yet another back-link.These are only a few of the marketing tools that are available to you to use. Just make sure that you are consistent in adding your material and that your material has unique content and is educational. This will ensure that your presence is legitimate online and once this starts to happen it will generate traffic to your website.