1. When you think of a home-based business, do you have visions of yourself sitting at the breakfast table in your pajamas making money? If you do, then an internet home-based business may be for you. Working from home means no time-clock to punch, no boss over your shoulder, and the ability to control how much you earn. You can have all this and more if you choose to work from home.2. Do you want to have more time with your family? It’s hard to have enough time with your family if you are working 9 to 5. The majority of your waking time is spent away from home and vacations are hurried affairs that leave you more tired than before. If you work from home, you can be there for your family, spend more quality time with them, and plan leisurely vacations.3. Are you passionate about your work? When you awaken in the morning Are you excited about the challenges that your job offers? Or are you dreading the commute, your co-workers, and the overall work environment? Well, working from home, on your computer, will solve all of those problems. You can choose work that’s challenging to you and make your own schedule.4. Working from home can save you time and money. In today’s economy, commuting to work can be very costly. Gas prices are steadily rising and for many families the cost of gas is another bill to add to a growing stack. If you work a long distance from home, then your time with family, friends, and other activities that you enjoy is extremely limited. Everyone wants to be able to enjoy their lives, therefore, you need to strike a balance between your work and home-life. The time is now to consider the option of a home-based internet business.5. Do you have all the money that you need to enjoy life? Not just money to pay your bills and feed your families. I mean money to travel when desired and to engage in other leisure activities such as shopping, eating in fine restaurants, etc. How about if you want to be able to help others? Does your current income allow any of this? If not, then I suggest that you consider adding a home-based business to your sources of income. There are a variety of businesses to be found on the internet. You have to find a business that you can believe in and enjoy promoting. Its that simple. A home-based internet business is inexpensive to start. You can start at your own pace, and eventually be full -time with the business if that’s your heart’s desire. Don’t wait! The time for action is now!
Hiring An Auction Company
Estimating your assets value:
Typically, one of the first questions a business owner will ask me is, “how much will the assets bring at an auction”. After taking the time to review the assets, the auctioneer should give the client a conservative estimate of the sale based upon his experience and the current market trends. It is important that the company give realistic expectations so the seller can make informed decisions based on their best interest.
Compensation and Expenses:
Is the company you are considering working for you or against you? The agreement you decide may determine this.
A business owner should carefully consider how the auction company is compensated. The most common commission structures include: straight commission, outright purchase of assets, guaranteed base with a split above to both auctioneer and seller, guaranteed base with anything above going to auctioneer or a flat fee structure.
In a straight commission structure, the company is paid an agreed upon percentage of the total sale.
In an outright purchase agreement, the auctioneer simply becomes your end buyer. The company purchases your assets and relocates them. While this can be an option in some unique situations, keep in mind that they will want to purchase your assets at a very reduced price to make a profit at a later date.
In a minimum base guarantee, the auction company guarantees the seller that the auction will generate a minimum amount of sales. Anything above that amount either goes to the auction company or split with the seller. While a seller might feel more comfortable doing an auction knowing that he is guaranteed a minimum amount for his sale, keep in mind that it is the best interest of the auction company to secure a minimum base price as low as possible in order reduce their financial liability to the seller and secure higher compensation for the sale.
In a flat fee structure, the auctioneer agrees to show up for the sale and call the auction. There is no incentive for the auctioneer to get the best prices for your assets. The auction company is compensated regardless of the outcome of your sale.
What is the best option for business owners? In my experience, an agreed upon straight commission structure. This puts the responsibility on the auction company to offer the best outcome for everyone involved. There is an incentive for the auction company to work hard for both parties, set up and run a professional sale, get the highest bid and sell every item on the inventory. Successful auctions translate to a higher bottom line for both the seller and the auction company.
Auction Expenses:
In most auction agreements the expenses to conduct an auction are passed to the seller. If the auction company pays for the expenses, it is simply absorbed in higher commission rates.
All expenses should be agreed upon in advance in a written contract. Typical expenses will include the costs of advertising, labor, legal fees, travel, equipment rentals, security, postage and printing. A reputable auction company will be able to estimate all expenses based upon their experience in previous auctions. An agreement should be actual costs charged as expenses, not an estimated amount.
Advertising is typically the highest cost in conducting an auction. The auction company needs to set up an advertising campaign that will promote the sale to its best advantage and not overspend to simply advertise the auction company.
Once the auction is complete, the auction company should provide a complete breakdown of all expenses to the seller, including copies of receipts within the auction summary report.
Buyer’s Premium:
What is a buyer’s premium? If you attend auctions regularly, you are very familiar with this term. The auction company charges a fee to the buyer when they buy an item at auction.
The buyer’s premium has been around since the 1980′s and is standard auction practice. It was first used by auction houses to help offset costs of running brick and mortar permanent auction facilities. Since then, it has spread to all aspects of the auction industry. It is prominent in online auctions and allows auction companies to cover added expenses incurred from online sales.
It is the responsibility of the auction company to provide clear disclosure of the buyer’s premium to both the buyers and the sellers. Those not familiar with auctions are often taken back by the buyer’s premium. They looked upon it as an under handed way for the auction company to make more money. Reputable auction companies will provide full disclosure within the auction contract, advertisement and bidder registration.
Typically, an auction company will charge online buyers a higher buyer’s premium percentage than those attending an auction in person. Extra fees are incurred with online bidding and are charged accordingly to online buyers. This provides the seller a level playing field for both online buyers and those attending the auction in person. Without the buyer’s premium, there is no way to do this.
Pre-Sales:
We’ve all been there. We’re looking forward to attending an auction only to find that some items were sold prior to the auction date.
As an auctioneer with over thirty-six years of experience, I can honestly state that pre-sales will hurt an auction. When a company decides to liquidate their assets, it is easy to sell off high-end pieces of equipment through online sources, equipment vendors or to other businesses. The seller receives instant cash and avoids paying a commission to an auction company.
Auctioneer’s find themselves appearing to acting in a self-serving capacity when potential clients say they are planning to sell off parts of their inventory prior to an auction. It’s hard not to consider the auctioneer’s commission when they warn you not to pre-sell anything. Yes, the auctioneer wants to earn a commission on those sales but it is more important that the auctioneer protect the sale from potential negative backlash that comes from pre-selling. The buying public knows when an auction has been “cherry picked” prior to the sale and it reflects in their bidding. It becomes a sale of “leftovers” and that impacts prices.
A buyer who purchases prior to the auction usually does not attend the sale. They already bought equipment at a good price with no competition. If they do attend the auction, they tend to let others know of their great pre-sale purchases which again, impacts prices and the overall excitement of the sale.
It is important to understand that auctions work best with a complete inventory. You want competition on your higher end equipment. The easy to sell items make it possible to gain respectable prices for hard to sell items.
When a business owner decides to liquidate their equipment assets, there is only one opportunity to do it right. Hiring a reputable auction company will assist you with a professional, orderly and timely liquidation.
Real Secrets to Profitable Legitimate Home Based Businesses
Your niche: identify your niche if you are selling with affiliate marketing program. You can look for a niche by using different search term tools. Build a website that is user friendly, easy to navigate, shop and checkout. Customers enter your website to get the information they desire and the products they want to purchase. So give them a good navigation experience. These are some of the critical ingredients to start legitimate home based businesses online. Internet based business millionaires know the secrets to success and they are so valuable that by implementing them success will be your slave.General secrets: the general secrets to earn profitable income through your legitimate home based businesses on internet are strategy, planning, execution and employing new techniques. For a profitable home business recognize the strategy that should be the foundation of your marketing plan. You cannot just jump into internet marketing techniques and need to build a strategy. Do not be a generalist focus on selling your products and services to specific target markets. Do research to grab untapped markets because you will not have many competitors. Automate your services and allow you to sell non stop whole week, day and night. Build a team to support your legitimate home based businesses ventures.Driving traffic: targeted visitors are ready to buy and some of the common methods for successful legitimate home based businesses and internet marketing are email marketing or list marketing, article marketing, forum marketing, ezine marketing, pay per click marketing, co-op marketing, blog marketing, search engine marketing. Whenever a visitor visits your website, offer them a form to fill in their email details. The secret to email marketing is sending them a follow up. You can find tools to automate your response and read your emails to understand the science of human psychology. Article marketing is a good way to create instant traffic. This is a simple strategy to earn from your home based business. Forum marketing is another method for new home business owner. Ezine Marketing is one of the quickest methods to earn income from home business. Many also uses search engines for pay per click advertisement and this can also generate traffic to your website. Co-op Marketing applies to those who are running an affiliate or network marketing business. Search Engine Marketing for home based business owners is one of the most powerful internet-marketing tools to generate web traffic to your website and increase sales.Have self-confidence and make decisions quickly to have proven success. Do not be afraid to make a mistake this is one of the most vital secrets to know for a legitimate home based businesses owner.