Importance of Human Rights Education

Education makes people easy to lead, but difficult to drive;
easy to govern, but impossible of enslave. … Henry Peter

World is so beautiful. Human beings is the great and strongest animal in the world. With the help of thing capacity he became a powerful person in the world. Every one has right to live and right to speak.

Now we are living in the modern world. Human beings developed in all the fields. But there is a lot of difference among the countries in the world. Co-operation and co-ordination are necessary among these countries. It is necessary and important to educate every one in the world. It is very important to know what is Human Rights.

The Universal Declaration of Human Rights (UDHR) was drafted by the United Nations Commission on Human Rights chaired by, then first lady, Eleanor Roosevelt. The UDHR was adopted by the 56 member nations of the United Nations General Assembly on December 10, 1948. December 10th is now celebrated around the world as International Human Rights Day.There are now 188 member states in United Nations

Everyone has the right to education… Education shall be directed to the full development of human personality and to the strengthening of respect for human rights and fundamental freedoms. It shall promote understanding, tolerance and friendship among all nations, racial or religious groups, and shall further the activities of the United Nations for the maintenance of peace.

The concept underpinning human rights education is that education should not only aim at forming trained, professional workers, but also at contributing to the development of individuals who possess the skills to interact in a society. Human rights education, human rights into education aim at providing pupils and students with the abilities to accompany and produce societal changes. Education is seen as a way to empower people, improve their quality of life and increase their capacity to participate in the decision-making processes leading to social, cultural and economic policies.

Human rights education cannot be reduced to the simple introduction of human rights content in already overburdened curricula. It brings about a profound reform of education, which touches upon curriculum in-service and pre-service training, textbooks, methodology, classroom management, and the organization of the education system at all levels.

Human rights education implies the learning and practice of human rights. A holistic approach to human rights education means that human rights are implemented at all levels of the education system, and that they are taught through both content transmission and experiences.

Education for human rights helps people feel the importance of human rights, internalize human rights values and integrate them into the way they live. Education for human rights also gives people a sense of responsibility for respecting and defending human rights and empowers them, through learned skills, to take appropriate action.

Why Human Rights Education?

1. Produces changes in values and attitudes

2. Produces changes in behaviour

3. Produces empowerment for social justice

4. Develops attitudes of solidarity across issues and nations

5. Develops knowledge and analytical skills 6. Produces participatory education

So give human rights education to every one and save the world.

Considering a MLM Home Based Business?

A MLM home based business is a very lucrative way into generating a second income or even become your main income stream. There have been and will still be many millionaires generated from this sector, due to the main secret of leveraging the internet for your benefit. As there are many attractive points in joining one of these home businesses there are also many out there which have been created mainly to scam you out of your own hard earned cash.
 
You should always to your primary research onto the home business which you are considering on joining. Now a day this is easier than ever before as you have the largest and most powerful detective in the world at your finger tips (the Internet). All you need to do is search for the business you’re looking for and then weigh out the positives and negatives of an MLM home based business before you decide that if it is the right business for you.
 
A MLM home based business involves in you selling products or services throughout the web. You will receive a commission on any sales that you finalise and with some MLM businesses, the customers who bought from you can become a team member underneath you. This means every time a team member sales one of your products they will get commission also but you will get a percentage of their commission this is what is called residual income.

You need to seriously understand that there are many of these businesses out there on the web. Many of them copy the structures of legitimate MLM home based business concepts. There for this means that there are many out there which are scams and have pyramid schemes in place which in fact is illegal and getting involved in one can cause you more trouble than you can possibly imagine.
 
There are many positives with running your own home based business which are the following:

You will be working from home where you determine your working hours plus your overheads are low and you can actually claim some of you home bills against your Tax bills, but I to suggest for you to get advice from an accountant.

There is no need to manufacture any products, because you are usually selling things that are already made and the MLM business which you have joined normally will help you and advice you on how to market these products or services.

The disadvantage to MLM home based business lies on your determination and where your skills for selling lie. If you got strong leadership skills and are very self motivated, then this industry will pose little hardship to you.

However in the other hand if the above are you weaker points then you will have to work a little bit harder than the rest to make sure you succeed in your venture.

One thing you should take from this article is that you need to do your research on the business that you tend to join, to find out if it is legitimate. Once this is done really the world will become your oyster.

With a little hard work and determination your world will change around you, but you need to find a good and an understanding Mentor where both of you feed of each other’s experiences.

Click on Me

To your success,

Pedro Magalhaes- Mentor of Change!

Legitimate Online Home Based Businesses

Are you looking for legitimate online home based businesses? Would you like to know how it feels to be your own boss? Would you like to make your own business decisions, and work strictly for yourself, instead of a thankless boss? There are many legitimate online home based businesses to choose from. The tough decision is choosing the one that is right for you.Start by researching home based businesses, and ask these questions:Is this opportunity providing a service that is both popular and in demand? The idea of a home business sounds great, but if you are not offering a great product or service, then finding buyers will become not only a headache but impossible. Keep in mind also, you will not have long-term success if the service or product only benefits a small demographic.How much will it cost you to start your business? Do you already have the capital, or are you going to have to create debt? How long will it take until your business will turn a profit? What will be the cost of maintaining the every day operations of your business? Are you going to incorporate advertising in your business, and if so, how much will that cost? These are very important factors that you need to know, before you decide which home based business is best suited for you.Is this a business that you are already knowledgeable about? If not, is there mentoring or training available to help you through the learning curve? Every entrepreneur has had at least one mentor in their lifetime, if not more. Help and support is not only important in a successful business, but vital. A mentor can provide training, support, and advice. If you are brand new to operating a business, a mentor can provide you with all the necessary tools in getting started, growing your business, and making it successful.Are you going to enjoy yourself in your business? In the business world, as well as in life, having passion in what you do is very important when it comes to succeeding. If you are not even the slightest bit passionate in what you’re doing, you are going to burn out. If you don’t enjoy the business or have any interest in your product, succeeding will be very difficult. Remember, always be passionate about what you do. Passion and determination go hand in hand.

Home Based Business: A New Alternative For Job Seekers

Year after year there are many students who graduate and after that they will go looking for jobs. With the rise of the popularity of the internet a new kind of work came about. Today there are home based business ideas available and you just have to choose which one you are interested in or the once wherein you think you will be well compensated in. Not only new graduates are the ones looking for a good source of income, there are those who are still in school but needs money to support their education or material wants. Aside from students there are also people who already have a job but want to earn more.Advantage of having a Home BusinessThe emergence of the internet brought about so many things. Nowadays we can buy or shop online. Unlike before where in we line up just to purchase something now with just a few clicks we can buy whatever we want or need. The internet served as a medium for home based business ideas.At present we can pay our bills online as well. Today we can meet friends online and stay connected with our friends whether they are in the neighborhood or even if they are in a foreign country. Staying connected with friends has been made possible through chat and also through different social networking sites. By way of advance technology it has given rise to different innovations and discoveries we thought were not possible then. With the popularity of the internet and because it has been made accessible to people all over the globe, it also served as a gateway to the development of a new source of income. It paved the way to different home business ideas.Since the arrival of this home based businesses, moms can now earn money and still be able to take care of their kids at home. Now they can also help their husband generate income or they can keep the money for their personal use so that they will not need to ask money from their other half. Other people also subscribe to this kind of work even if they already have a steady job. They do this to produce extra income, for them to pay their credit card bills or maybe to save some cash for their future.Types of home based businessThis is good opportunity for people who enjoy using the internet and at the same time want to earn money. There are different kinds of home based business ideas available. For those people who are entrepreneurs by heart, you can post or publish your products and services through the net. For example you can sell your art collections, handmade jewelries or sell pastries online. If you like writing then you will probably be interested to be a freelance writer. You may write blogs or articles depending on the request of your client.Another business idea is transcription; if you type fast then this could be a good and suitable job for you. If you have a hobby or a skill, you can make use of this to make money online. So what are you waiting for, why not start with your home business idea today?

Interested in an Online Home Based Business Opportunity? Start One Now!

Are you interested in an online home based business opportunity? I have some home based business ideas you may want to look into.Did you know that a recent Harris Poll indicated that 72% of the households in this country are thinking about starting a home based business? Why do you think people feel this way?I think there are many reasons for this.1. Some people want out of the “rat race”2. Many of us are forced out of good jobs due to downsizing and the economy3. Some may want to be at home to take care of a family member4. You might need to work from home due to health issues5. Some people want to be home with the kids6. A spouse may be interested in a second incomeThere are probably many other reasons someone would want to start a home business, but you get the idea.I was unable to work for a period of time, due to health issues, and I looked hard for something that would interest me and allow me to work from home.However, I found that most opportunities were home based business scams or get rich quick schemes. Who would pay you a lot of money for no or low effort! Why would they need you?The classic work from home business opportunity is stuffing envelopes or telemarketing which is a dead end for most people, and I found most of those opportunities were also scams.Well, I have good news for you if you are serious about starting a home based business!First of all, you must be internet based. The internet is growing so fast, and so many people use the internet for information about the goods and services they buy. You just can’t afford to not be on the internet these days.However, it is just not good enough to just be on the internet by slapping up a website or blog and expect to make an income. With more than one billion world wide users of the internet you must have a content rich website that educates and pre-sells your customers. You also have to have the training and support of a team to help you optimize your internet presence so the search engines and your customers can find you!You may be asking what kind of a business I should start! Sit down and think about what you are interested in, passionate about or willing to research and write about. You would be surprised to find that you could start an online home based business on almost any subject.I have found a great way to get educated on what I need to do to be able to start a legitimate home based business and educate my potential customers on what I have to offer. Another thing that is great about what I am doing is I don’t have to have a “widget” to sell. Information is also a valuable commodity that you can make income from.In fact, the primary purpose of the internet today is providing information to those that seek it.Affiliate marketing, referrals, and advertising with pay-per-click ads are just some of the many ways to generate income on the internet.The best thing is the cost. You can work at home and make a good income for less money than you think. Using the internet is very inexpensive and the tools and training associated with an internet based business are very affordable.Please check out my website for free information on a step by step approach to starting your own money making online home based business.

5 Reasons Why You Should Consider Doing Home Based Business

Today, more and more people are interested in doing home based business so that they can work at home instead of going to the office every day. So what is it about home based business that makes many people abandon their office wear and stay at home instead? As a matter of fact, starting a home business can give you many advantages other than time flexibility. Below are five benefits that you can get from working from home:1. You get financial assurance – Who says you cannot get steady income from doing home based business? If you can manage your finances well enough, you can even earn more than those with office jobs.2. You get the opportunity to improve your skills and talents – When you work on your own terms, you get to discover and develop your true skills and talents. Do you like writing or creating website designs? Maybe you work as a freelance writer or a freelance web designer. Whatever your skills are, you can use them to make money. Other services you can provide at home include day care, floral arrangement, and tutorial service.3. You get to meet many people, or you don’t have to if you don’t want to – Choosing to do home based business does not mean you have to abandon your social life. Offline home businesses like day care, barber shop, or a small cafeteria, for instance, require you to deal with a lot of people. However, if you are a kind of a loner and prefer not to meet many people, online businesses such as affiliate marketing, an online store, and web services are more suitable for you.4. You get to save money – It is true that office jobs provide steady income, but they cost a lot as well. First and foremost, you do not have to commute to your workplace. Daily commute can be tiring and expensive, but you do not have to spend a dime on transportation if you work from home. If your home based business is related with selling and marketing, you will be expected to go places every now and then. However, you can do most tasks such as delivering your customers’ orders or stocking up your inventory online.5. You actually contribute less to air pollution – In many parts of the world, air pollution is normally caused by motor vehicle emissions. Since working at home does not require you to travel a lot, you can actually help reduce air pollution.

How To Find The Right Small Business Coach For You

It can be very tricky knowing who to turn to when you are looking for a respected and trusted coach or mentor. In this article I will help you to decide upon the type of person whom you can work with to Increase your small business success. Here we will go over how to find The Right Small Business Coach For You.WORTH KNOWING FIRSTLY: There are no right or wrong ideas when learning, it is more a fact that you are happy with the money you spend working with an expert. So you can gain a lot from every situation but, in this article it may help you to avoid costly mistakes when finding the best person to work with.How to Find The Right Small Business Coach For You in 2015.Why 2015? Well, when it comes to coaching there are time based principles that will always create more success but, in small business coaching things change all of the time and it is important to find someone who understands what is going on in your market and business niche area.Every day there are changes in the small business world and especially the online business world so there is a strong need for a great online presence in small business, and this is so that people can find you easily and effectively.When you think about it most people are online these days.So, when looking for an effective small business coach it will help you to look for a person who really can work alongside you to master the areas that are most important and knows where you may need to outsource other areas.Here are some hot tips on How to Find The Right Coach For You in 2015.1) FIND A PERSON WITH PROVEN TRACK RECORD
2) FIND A COACH THAT HAS THE RIGHT SKILLS TO KNOW YOU
3) FIND A PERSON WHOM YOU CAN CREATE RAPPORT WITH
4) FIND A PERSON WITH INTEGRITY THAT DOES WHAT THEY SAY
5) FIND A PERSON WHO HAS YOUR INTERESTS FIRST
6) FIND A PERSON WHO CAN GUIDE YOU TO TAKE RISKS / OPPORTUNITIES
7) FIND SOMEONE WHO CAN HOLD YOU ACCOUNTABLE FOR PROGRESS
8) FIND SOMEONE WITH A STRONG BRAND ONLINESimply, you need a person who will help you to reach your most fundamental goals and make 2015 your best year yet. They have to know what’s going on.If you have had some mixed or bad results in the past with coaching, you may have been put off by looking for a small business coach but, don’t be. When it comes to your success, happiness and sales there are great professionals out there ready for you. You can find a great coach to work with as there is someone suited to your style of working.When you are running your own small business and you require an expert to stand by you to help you oversee what your important tasks are, things will change for the better and move you with more momentum, and this is because this is the real key to building a sustainable small business.At the end of the day, you are looking for results and increased productivity because all business that survives is built on sales.A successful small business coach will help you to identify your core skills and passions and also to think of the end customer or consumer. This will create effective strategies and leverage that focuses on the end user which will make your business last throughout the up’s and down’s of a recession.As long as your ethics are built on the customer being NO1 then you are likely to experience a more recession proof business that pays you regardless of the economy.OPTIONS:There is the opportunity to go for a company to help your small business or a personal small business coach and this is down to whatever you prefer. Obviously the personal touch means that you are going to have more of a connection and communication with that person, and this may help you to feel that you are moving faster and getting where you want to be.I hope that you have enjoyed How to Find The Right Coach For You in 2015 and this has given you some great pointers when starting your journey of success.

Is Bankruptcy the Right Option for You?

Types Of Bankruptcy

There are two different types of bankruptcy that can be used in most cases. Each one has a different set of rules and guidelines that you must follow in order to qualify for and get the bankruptcy. If you are considering bankruptcy, it is important to understand the differences in these types of bankruptcy and to choose the one that best fits your needs and the one that you qualify for.

Chapter 7 Bankruptcy

This is the type of bankruptcy that is most often used by individual debtors. It allows for an individual or married couple to wipe out their debt by taking property and liquidating it. The money from the property is then used to pay off the debt that the individual has incurred. In some states, certain property can be retained. Only property that is exempt under the bankruptcy laws is eligible. In most cases, it will be cars and homes that are in good standing with their creditors. In some states, you will lose your home. This is the fastest way to get out of debt but one that is going to wipe you clean of assets.

Chapter 13 Bankruptcy

In this type of bankruptcy, the debtor and creditor work out a plan that allows the debtor to pay off their debt in a payment plan. Most of the time, this process will happen through the paycheck of the individual. As long as the payment plan is in effect, the creditor will not take your home or possessions and you will not lose them. It is a good thing for those creditors that would have lost more if a Chapter 7 were filled and a good thing for the debtor because they can work on improving their overall credit.

Determining which type of bankruptcy is the right choice for you is difficult. If you can afford to pay off the debt through a Chapter 13, it is likely to do the least amount of damage to your credit. A Chapter 7 will remain on your credit report for up to ten years. Nonetheless, it is wise to talk to your attorney about which type of bankruptcy is the right choice for your needs.

5 Secrets That Will Thrust Your Small Business Into the Big League

There are 28 million small businesses in the US. The sad reality is that most of them fail within the first few years of operation. The small percentage that survive stay small forever. A select few manage to grow into huge businesses. But why them and not the others? What are the factors that enable unknowns to become household brands? One thing for sure that it takes much more than hard work, luck, and timing. Read on to see if your small business has what it takes to make the leap into the big league?

Systems

Many small business owners’ lives are chaotic due to lack of systems. Systems are hard, but they enable small businesses to scale. Systems are not glorious like sales, marketing, or research and development. Some say that systems are boring, after all, it is a back office function. Systems separate struggling small businesses from those that grow by leaps and bounds. Creating systems can be a daunting task, and for many, the prospect of taking on yet another project is out of the question. For some, it is a catch-22 situation. You may say “How do I carve out extra time from my already hectic schedule.” The correct way to think of systems is that creating them is an investment in your business.

One of the greatest challenges that small business owners face is that the they are perpetual decision makers. The owner is involved in everything from sales, customer service, research and development, bookkeeping, so an and so forth. Creating systems is the first step toward a business where not every decision is dependent on the entrepreneur. Systems allow people to plug in and go. Systems include operating procedures and manuals that can bring a new team member up to speed in no time. It is what takes small out of small business.

Franchise businesses are often more successful than independently operated ones simply because they are built on systems. The franchisee may be paying a premium in upstart costs compared to an independent business, but it makes sense for many because they don’t have to worry about developing systems. Someone already went ahead and created the necessary systems for success. When you buy a franchise you are taking a system that has been proved to work. Does it mean that you have to buy a franchise to succeed? Absolutely not, but you have to think of your own independent business as a franchise. Create procedures for everything. Don’t leave anything to guesswork.

Most small businesses do without systems, but it doesn’t mean that it’s a good idea. While you might get away with it in the beginning the lack of systems will create huge bottle necks down the road. The lack of systems will reduce your profits. Why? Because you and your employees will have to reinvent the wheel day in and day out. systems minimize the element of surprise. With systems in place your team is able to deliver consistent service. Businesses with consistently good service will outperform those with fluctuating quality service.

In addition to making your life easier, systems also increase the value of your business. Buyers want to buy businesses that are built on systems. The presence of systems tell buyers that the business doesn’t entirely rely on you. Creating systems help you create a turnkey operation, appealing to buyers. Business systems are assets that enable your company to run without you.

Scalability

Investors love highly scalable companies because they have the potential to multiply revenue with minimal incremental cost. You simply can’t substantially grow a business without cracking the scaling code. Some business are built to scale while others are forever destined for small business status. Unfortunately, many professional service providers are not scalable because they rely on personal output. So, if your goal is to build a big company avoid consulting types of businesses. A software company, on the other hand, is a highly scalable business model. Once the software product has been completed it can be sold millions of times with minimal costs. In other words, their increased revenues cost less to deliver than current revenues. What this means is that a scalable business will be able to increase the operating margin as revenue grows.

A highly scalable business requires small variable costs that the company can control. Variable cost changes with the volume of business. Fixed costs do not vary with sales. For example, for a software company fixed costs include the cost of the office location, computers, and furniture. These cannot be quickly added or liquidated. Salaries on the other hand are a variable cost since workers can be hired and fired relatively fast.

Most consulting businesses like marketing agencies are not scalable because they are unable to substantially increase their revenue without greatly increasing their variable costs. Such businesses are considered poor investments.

To build a scalable business you should start with a scalable idea. Scalable businesses have high margins. They require low support and staff expenses. Scalable businesses allow you to work on your business as opposed to working in your business. If you find yourself constantly working in your business your business is either not scalable or not yet ready to scale.

Truly scalable businesses are highly automated. Automation helps you reduce variable costs such as labor. It is at this point when scaling and systems begin to work together. If you truly want to become a market leader or dominate your industry, scalability is the only way to do it without a miracle.

Board of advisors

If your goal is rapid growth, you must have a board that you can rely on for your big audacious goals. The life of an entrepreneur can be a lonely one. Often you feel like you are all alone with all the decisions you have to make. Your board will share some of the burdens of making key decisions and it will tell the outside world that you are systematic about your business, and that you understand that you need to surround yourself with people that are smarter than you. Your board will help you with large strategic goals. It can help with your overall business plan, policy issues, financial questions, strategic partnerships, and more.

Your board shouldn’t be utilized to deal with routine tactical challenges. Don’t waste the boards time on daily employee issues or what color the chose for your new office. Rather, let your board help you with strategic advice, or by helping you with making introductions to strategic partners and recruiting talent.

Fellow entrepreneurs and business leaders make excellent board members. Before you build your board you should have a clear understanding of what areas you need help with. Ask yourself what skills do you currently lack that you need to take your business to the next level? Is it marketing, intellectual property, or finance? Whatever it is you need help with should influence the ultimate makeup of your board. You could hire a recruiter, but they are expensive. It is best if you perform the search yourself.

Your board is not a group of your closest friends. It is a group of professionals, each with a respective specialty. One might be an IP attorney while another a retired CEO. You are not looking for a group of yes men. If you build a great board, each member will have more experience than you and each will know much more than you. If you feel like the dumbest person in the room, you are on the right track.

Your board of advisors will not join you for the money, but there are costs involved. It is a good idea to compensate your advisors. At least, you should cover their expenses. Do they need to travel to your board meetings? Are there hotel and other expenses? It is also advisable to pay a per meeting fee that might be a few hundreds or a few thousand dollars. In addition to monetary compensation, you could chose to offer stock as payment.

IP (Intellectual Property)

Most small business owners care most about time and money. Some understand that IP is as good as money in the bank. It is considered one of the most important assets of some of the most valuable companies in the world. Even though IP is an intangible asset, it’s almost impossible to build a hugely successful business without it. If you are going to dominate your industry or at least be one of its key players, IP is a must. You can often read about huge business acquisition deals structured around IP. Often, IP is the reason companies are bought and sold for huge multiples.

Simply put, IP makes your company more competitive. Without IP you end up competing on price and efficiency, a tough way to build your business. When you compete through IP you often set your own price, a luxury most businesses never experience. Since innovation is the main driver in business, developing IP should be a key objective for all companies that want to enter the big league.

If you are an early stage company wanting to attract investors, your IP might be what closes the deal for you. Investors look at IP with regard to the level of income it may generate through its life. Some companies bet their futures on IP. Richard Thoman, the CEO of Xerox, declared that the “management of IP is how value added is going to be created at Xerox.” An excellent example of IP management is IBM; it managed to generate about $1 billion from IP by 1990. IP is the intangible asset that can become your free cash flow.

When IP is properly managed it can prevent your competitors from copying your products or services. You can avoid wasteful investment in R&D. IP is a revenue generating profit machine that makes your company more valuable and competitive, getting you ever so closer to market domination.

Brand

Many small business owners, wrongly believe, that brand building is reserved for giant corporations. But, building your brand should be a key focus from the very early stages of your company’s life. Your brand is another intangible asset you can’t build a market leading company without. It is your brand that may enable your business one day to avoid competing on price only. It is your brand that may one day help you dominate your market. It is through the power of your brand that you will be able to minimize your new customer acquisition costs.

Successful brands are easily recognizable. Virtually all fortune 500 companies have managed to build a strong brand image. Powerful brands instill certain images in consumers from tradition, to quality, to innovation, to any number of thoughts and feelings. As competition increases, so does the importance of building credible brands.

Brands are not born out of thin air, they are strategically developed. Building your brand is no less important than developing your sales strategy or R&D. The process of building your brand is a never ending job. There is no such thing as a finished brand. Finished brands are for businesses that are finished. You can never think of brand building as a project with a beginning and an end.

While advertising is important it is not advertising that creates your brand. Your brand is a reflection on everything that your company does. Your brand is the quality of your product or service. It is also the way you treat your customers, and even your employees. Your brand is shaped by how the world perceives you.

The value of each brand fluctuates. Your company scores big on your latest product and the value of your brand rises. One of your employees publicly ridicules one of your upset customers and your brand suffers. The good news is that for the most part, you are in charge of your brand’s destiny.

Even the worlds greatest brands are not always on an upward trajectory. Strong brands can help your company survive disasters. Recently, the Toyota brand had been plagued by millions of recalls, yet the company managed to come out of it all with an even stronger brand.

It is true that not each small business wants to become an industry leader. But, it’s also true that there are no accidental market leaders. Most small businesses are family owned and operated, and there is nothing wrong with that. You can be happy, fulfilled, and wealthy running a small business. But, if your choice is to grow your business into a true market leader you have to build your business on systems. You have to be able to crack the scaling code, so you can dramatically increase your revenue with minimal expenses. You will need trusted advisors that are smarter and more experienced than you. It will be an uphill battle, or perhaps even impossible without proper IP management. Your brand will soften the blow when you are hit with disasters. Of course, there are other factors such as luck and timing that transform small businesses into huge success stories, but the above five make for a good start.

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.


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