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.
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.
To your success,
Pedro Magalhaes- Mentor of Change!
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.