Career Education Programs

Over the decades, the advancements in various sectors led to the evolution of specialized branches of studies. Today, a variety of career education programs are run by universities, catering to the growing needs of industries and business. These programs produce professionals in almost all areas of expertise. They provide opportunities for students to choose career-related coursework and workplace experiences that provide them with experience to advance their careers.

Students are more likely to succeed when they see a purpose to their studies. A career education program help to improve student motivation and academic performance, and helps them choose careers that they are interested in.

Major domains of these career education programs at different universities are art and design, business, culinary, education, engineering, health and medical, law and criminal justice and computer science. Art and design offers programs of different duration in advertising and commercial design, animation fashion design, film and video, game art design, graphic design, interior design, photography, music and video.

Business programs are available in construction management, supply chain management, forensic accounting and project management. Culinary programs are available in baking and pastry, catering, chef training, culinary arts and restaurant management. There are also specialized programs in curriculum designing, early childhood education, educational administration, special education and teaching. Engineering programs include electrical, mechanical, electronics, environmental, manufacturing and computer engineering.

The health and medical programs cover counseling, care and management. Law and criminal justice programs offer courses in court reporting, criminal justice forensics, law enforcement and legal services. Programs in sciences include aviation science, veterinary science, science and biotechnology. These programs are in coherence with the job market. Modifications as per the ever-changing job market are also incorporated in these programs.

Further career education can be pursued through either regular classrooms or distance education. Many universities provide financial assistance in the form of scholarships or loans.

6 Things To Do Before Starting A Home Based Business

Starting a home based business is exciting and very easy to do. And with the help of the Internet, it is almost too easy to get started. Most folks dive in head first before actually considering a few important points. Let’s talk about six very important things you should do before starting a home based business.

1. Set up your own home office. It’s vitally important that you separate your personal home life from your home business life. Having a home office is a satisfying and gratifying thing when you do it properly. Many people will convert an extra bedroom into an office. If you are working with a small amount of space you can set up a specific area within one room and call it your office. The most important thing to do is to let everybody know that when you are at work in your home office you are not to be bothered. Establishing this on the beginning can be the difference between succeeding or failing.

2. Choose a niche for your business. What exactly do you want your home based business to be about? Some people will join an mlm business. Because there are so many of these available you want to find a product you can get behind and then join the opportunity next. You might want to look at starting an affiliate marketing business. Niche marketing is extremely popular at the moment and an excellent way to get started making money online.

3. Purchase a domain name and web hosting. It doesn’t matter what business you are in you want to purchase a domain name and host your own web site. There are many outstanding places to accomplish this including Go Daddy for domain names, and Blue Host for web site hosting.

4. Start your own website. Most web-hosting companies have the Fantastico Word Press blogging platform. This makes it very simple to build a website using a WordPress theme. There are many, many tutorials available on how to do this, but getting started does not require any technical skills.

5. Outsource whenever it is possible. You do not have to do all the work by yourself. There are a multitude of people available to do the work for you. You can find them at forum discussion sites or outsourcing businesses that provide employees for you.

6. Learn Online Marketing skills. This will definitely be an ongoing process, but it is important to know in the beginning that you cannot be successful making money from home without marketing your products. Most of your time online will be spent on Internet marketing and promotion.

These are six important things to understand before starting a home based business. Follow these and your home based business launch will be more successful and you will realize the fruits if your labor much quicker.

Zoning Laws For Home-Based Business

Depending on where you live, you may be facing certain restrictions on the type of business you run from your home. Historically, zoning laws were quite strict, often refusing to allow any business to be conducted in residential neighborhoods. Now, with over one-half of all US businesses being run from home, local governments are easing the rules. Home-based businesses are good for the economy, and the latest changes in the law are reflecting that fact. Of course, as with most things, the government can be slow to catch up and it is important that you check into your local zoning regulations before you launch your venture.The most common zoning laws for residential areas regulate four broad areas:Business ActivitiesMost cities limit the type of businesses allowed in residential communities. These rules are generally logical — you can’t do anything dangerous or unsanitary in a neighborhood with families.Physical changes / VisibilityGenerally, there are pretty clear restrictions on making any exterior changes to your property for your business. You typically cannot post signage or paint “Open For Business” across the side of your house. You can’t set up displays of your products in your yard. Some areas even disallow commercial vehicles to be visible from the street, though many jurisdictions overlook a single vehicle with signage. However, you are likely to have a problem if you park a fleet of vehicles in your neighborhood every night.External EffectsExternal effects are anything your business might do to cause discomfort to your neighbors, such as excessive noise or odors, bright lights, or the use of hazardous materials.TrafficMost zoning regulations do restrict the number of customers or clients (or visitors) to businesses in residential areas. Many also prohibit employees from working out of your house as well. At the very least, most areas limit the number of employees you are allowed to have working from your home. In those areas, there are typically also rules about employee parking — you need to keep them off of the street or may need to provide extra parking to be approved.Most cities and towns enact a single set of zoning laws to cover the entire jurisdiction. Be sure to check into the laws in your area before you start your business. If you need a permit for a home-business, get one before you launch. If any part of your business will violate the established regulations, don’t be overly discouraged, as getting a variance (a ruling allowing your business to violate certain parts of the regulations) is usually an option. As long as the variance you need will not negatively impact the neighborhood, you have a good chance of being approved.In addition to governmental restrictions, any home-based business in a neighborhood with a Home Owner’s Association (HOA) is likely to run into an even stricter set of rules. Your HOA should have their regulations available to you. Read them carefully as you plan your business, as some HOAs are extremely restrictive and sticklers for following their standards. Again, you can usually request a variance from your HOA management, but these variances are often more difficult to get than those from the government! Be sure you are aware of the risk you take in failing to comply with the HOA rules, should you opt to do so. Some include heavy financial punitive damages for violating the letter of the regulations, others simply send out a stern letter once in a while. In general, you are better served to play along with the HOA rules as well as the government’s zoning laws.

Starting a Home Based Business – How to Avoid the Biggest Mistake and Make Your Business Successful

You’ve decided to take the big step and you’re starting a home based business. It’s something you gave a lot of thought to and that you really want to see succeed. The good news is you have started on a path that can give you the financial freedom to choose how you live and how you work. The bad news is most people who start a home based business fail.This article will give you a quick rundown on how to avoid the common mistakes and how you can turn this business into the dream you want. Okay enough hype, the facts are pretty straight forward it just seems like the dream sometimes overpowers our ability to see them for what they are.The Number One Reason Home Based Businesses FailActually this depends on the type of home based business that you have. If you’re trying to sell physical products and you have to carry an inventory then the number one reason for failure is insufficient capital. In short you don’t have enough money to effectively run the business. If you are into internet marketing, the number one reason for failure is the business owner simply quits too soon.In both cases, the underlying reason for failure is that realistic market research and revenue projection were not performed. It’s absolutely amazing how many times the imaginary analysis of “if I get 100 people to see my product and only 2% buy that will give me $XX in sales”. Did you go through this? Did you make a revenue estimate based on numbers you pulled off the top of your head or did you do research?For the physical product operation, faulty marketing research will kill the cash flow and put it out of business. For the internet business, the fact that few if any sales were made will discourage the owner and he or she will quit before their efforts have had time to mature.The Number One Reason Home Based Businesses SucceedThe number one reason for success is a well thought out business plan. That means this home based operation is being treated as a business and not a hobby. It is not considered something that you can start and stop as you please but rather a business that has a purpose and a plan of action.The market niche is identified, the product to promote is selected, a unique selling proposition is created and an intelligent marketing plan is put in place. Budgets for advertising and overheads are established. Sales and expenses are tracked.Most importantly, the owner takes action on the business plan each day. Every day that passes the business makes progress. The owner has reasonable expectations and has the patience to let his efforts take effect. This business succeeds because the owner works it as a business and doesn’t allow distractions to interfere.Starting a home based business is not difficult and if you put the effort into the planning you have an excellent chance of succeeding. Know your market, know your product, market smart and give good customer service and you’ll wind up with a winner.

Home Based Business Leads = Critical Steps on How to Generate Them

You need to have a consistent stream of home based business leads, if your going to build a home business on the internet. If not, you will struggle. Fact is, if you don’t have a constant flow whether off or online your business will die. It is important to have quality leads coming in, this means you have people who are interested in your business to talk to about becoming a distributor or a customer daily. I am totally against buying leads, reason being, leads bought from a lead company are not qualified and you will just be wasting time and hard earn money trying to sort though all the tire kickers to get even one that is qualified to become a distributor for your home based business.The best way to go about getting home based business leads is to generate them yourself, and most techniques and strategies out there today are completely free. Paid strategies will get you faster results, this is the direction you want to go if you have the budget and not much time to do free lead generation strategies, which can be very time consuming but well worth it.In order for you to generate home based business leads, you must have the right tools in place to do so, a system with a capture page and opt-in form to collect the visitors to your website contact information, offering them some kind of free valuable information in return for their contact info. Free training, free report anything they would gladly make the exchange for.An auto-responder with a series of follow up messages sending out valuable information to them daily or occasionally so you can keep in contact and build a relationship and trust with them. Having your own database of targeted prospects for your home business is one of the most critical elements, you can grow your list to an unlimited amount of targeted home based business leads. You do this through using various marketing strategies to drive traffic to your capture page with your unique offer.Once a lead has opt in to your form on your capture page, they are placed inside a streamlined sales funnel where your system sorts out the tire kickers from the serious business builders, so you only have to deal with people who are ready to learn and know what it takes to build a thriving home based business.You can generate thousands of home based business leads because the internet provides just that leverage, which may take you years to learn how to do, but I know what these guru’s are doing to get these results. I have a complete attraction marketing system fully loaded with all the step by step training and easy to follow blueprint waiting for you to gain access, so you can stop struggling to generate leads and build a successful business online.

Home Based Business But What Niche?

In today’s modern world what with the internet, there has never been so many opportunities for people to set up a home based business to make money and work from home. The internet is full of business opportunities some good and some not so good, so you need to do your research first before you begin journey into the world of the online home based business.So what niche do you choose for you home based business? Well there are literally thousands and thousands to choose from. For those of you who are not sure what a niche is, it is basically the business that interests you, lets say you are interested in blogging, well that’s a niche on it’s own or a business that you can make money from. Another niche within the blogging niche is coaching people to set up a blog, that’s a niche sometimes called a sub niche, basically a niche can be anything.When you look at the coaching niche that again has many sub niches built within. Let say you know how to set up a word-press blog, you also know how to install a opt-in box for the blog so people can collect there visitors name and email address, that’s a niche or a sub niche as some people call it. That could be the starting of your home based business.Article writing is another niche, say you are good at writing, then you could sell your services to write articles for other people. OK your good at building WordPress blogs and installing opt-in boxes, you could write articles about how this is all done even write articles about how you write articles, these are all niches or sub niches.Another good niche is video, you know how to use a video camera even edit the film you have videoed, you could offer your services to make videos for people who don’t know how to make a video, you could even upload the videos for you clients, this is a good home based business opportunity to get into.So you see there are literally thousands of niches to choose from. A good place to start with for your home based business is to sit back and think about your job that you do now whatever it may be, see if you can think of how you could sell your knowledge to people who want to know how it’s done. You will be surprised how many people will want to know about your knowledge, again this is another niche.Lets say your day job is a car mechanic you could set up a website offering your knowledge and experience on fault finding, people would rather pay you a small fee so they could try to fix the problem themselves instead of taking it to the garage that charge a very high price to fix it. That’s another niche and a home based business.Your home based business could be made up of many small or sub niches that could give you a very good income for the rest of your life. It’s not as hard as you may think it is to get set up, my advise would be to take your time and don’t rush, do some research on Google to find out if there is a need for your service. A good place to check out is Google trends.Whatever you do never ever give up on your dream to have your own home based business, like I said before there is a niche out there for everyone.

Demystifying The Cloud – How Small Businesses Can Leverage Cloud Computing

Cloud computing is redefining how businesses run, impacting the operations of large enterprises as well as start-ups. For some, the notion of “cloud computing” is a relatively new concept.Cloud computing provides businesses with access to the valued end result or output of equipment and software, without the ownership or maintenance costs required by purchasing it. Most often, cloud computing is delivered as software as a service (SaaS) where users can access a web based solution via a subscription without the heavy investment in the IT infrastructure to support it. Recent growth in cloud computing is partly driven by the growth in mobile technology platforms that allow users to access information anywhere, anytime.Although large enterprises with multiple geographically dispersed offices have benefitted from cloud computing, it has been an even greater benefit to small businesses. Small businesses now have access to enterprise solutions via cloud computing that would otherwise be unaffordable for them. Even more importantly, these cloud based solutions allow small business to function more like larger business in the information they can access while simultaneously maintaining the flexibility and agility of a small business, allowing them to react and adapt to situations.Some of the benefits cloud computing provides for small businesses, include:No heavy investment or maintenance costs in IT- The software as a service method allows multiple users to subscribe to the solution. The vendor providing the solution- Intaact, NetSuite, etc. absorbs the maintenance costs, and by offering the solution on a subscription basis can pass along cost savings due to economies of scale attributable to user volume.Ease of implementation- Cloud based solutions eliminate the need for small businesses to invest in infrastructure development, training, and support. Businesses subscribe to the service, and training and support are provided by the vendor on an as needed basis. The business owner can subscribe and unsubscribe to the cloud service as they wish.Redeployment of IT- For small business with limited manpower, cloud based services free up time for IT resources to be redeployed on more strategic initiatives or reduce the need for full time IT employees.Security- Business owners should always check this, but reputable cloud based solutions are knowledgeable about the most up-to-date security measures and encryption technology. This becomes one critical task which the business owner does not need to address, as the responsibility is absorbed by the cloud service provider who may have more expertise in this arena.Scalability- Most cloud providers offer packages with different access levels so that small businesses only need to pay for the services they require and use, resulting in overall cost savings for the small business.Business Continuity/Disaster Recovery- As a small business, this is a critical task which can often lack the attention it deserves simply due to manpower and bandwidth. Cloud based services assist with this, as they back-up critical data offsite as part of providing the solution, facilitating access to this data in case of an emergency.Small to mid-sized businesses have the most to gain from leveraging cloud based solutions in their business operations.

Successful Home Based Businesses

A home based business can be likened to the operation of a traditional business operation, to be a success, the owner or manager must exercise prudence, dedication, perseverance and discipline in overseeing its day-to-day operations. In addition, the home based business owner is literally hands-on, as the success or failure of the business lies on his hands.

If you want to have a successful home based business, you must keep in mind the following: First, follow a schedule for your day to day operations. Although the idea in establishing a home based business is to be free from the organizational structure of a traditional office, you may find the need to set an accomplishment task for the day. In doing so, you will have an idea how much time you spend doing the actual work and what you have managed to achieve during the day. There are many temptations if you decide to work at home and you should be able to set a limit for the time spent doing household chores. Time management is crucial for a successful home based business.

Second, develop a system that works for you. There may be times that you need to go out and meet a client. It is better if you have an organizer so that you can keep track of what needs to be done even outside your home. Though a computer at home is advisable so that it will serve as your main database, keeping a handy, high-tech gadget with you wherever you may be is better.

Third, keep track of your target market. Establishing a reliable network of clients is one thing, maintaining them in order that they may multiply is another. To be successful, a home based business owner must forever be on the lookout for potential clients as well as keeping those already in his portfolio. Marketing your product or service as well as yourself is essential to your business? success.

A successful home based business requires a mixture of the above-enumerated factors.

Unsecured Small Business Loans – Good News – Stimulus Bill Allows SBA 90 Percent Guarantee For Loans

Anyone remotely involved with small businesses, whether as a consultant, lender, supplier, leasing specialist, trade association, or simply as a consumer who is tired of driving by sections of town and wondering why your favorite business unceremoniously threw in the towel, would very much like to hear some good news. Not to mention the small business owner itself. After all, there are 27 million small businesses that deserve to be thriving in this nation, but too often were ignored by the Bush administration. Classically non-complainers by nature, they just want a scrap of hope thrown their way. And I’m not talking about wide-eyed idealists looking for handouts-in all due respect to Emily Dickinson, they’re not looking for the”thing with feathers that perches in the soul”. Just give us a few bucks and we will run with it. This is a continuing article (20 in all) on the subject: Help. Is anyone out there loaning to small businesses anymore?

Fortunately there is a loan program out there and SBA lenders are actually making loans currently: the Community Express Loan Program. This gives unsecured small business loans between $5,000 and $50,000 with very little paperwork, answers typically in two days, interest rates presently at 7.75%, funding and two weeks, and monies wired directly to your business account. There are still lenders participating in this program, although Congress has failed to make the program permanent and still has a 10% cap on the number of loans.

Enter the Obama stimulus bill. Let us look how it affects this program and small business lending as a whole.

If you have tried to wade through the 1,100 or so pages of the new stimulus bill (American Recovery and Reinvestment Act of 2009), you know its like chipping through granite. But let me pull out a little gem. It now allows the U.S. Small Business Administration (SBA to you) to guarantee up to 90% of loans made by private lenders under their program. Let me explain. This is great for Community Express.

When the Small Business Act was enacted in 1958, it had a very simple mission. Find a way to get loans to small businesses that couldn’t get them through traditional channels. It did this in an ingenious way. They knew banks where reluctant to loan to small businesses, especially startups, because of fear of failure. So the SBA collected a fee on each loan and used this as a fund to pay banks if there was a default. Bingo, there was invented the SBA guarantee fee. It doesn’t take a degree in rocket science from MIT and an MBA from Harvard to know this gives incentives to the banks to make more loans.

SBA loan programs have guarantees from 50% to 85%. Specifically, the SBA currently has an 85% guarantee on loans up to $150,000 and up to 75% on loans above $150,000. On the other hand, there are some programs that only go as high as 50%, including the Express Loan program (for those types of loans the new guarantee will not change). With the new stimulus bill, the SBA has the right to increase these fees to 90%.

Think about this for a moment. Simple math tells us more guarantee, the greater the likelihood of the bank making the loan. For goodness sakes, 90% is tapping on the door of a 100% guarantee! Also note the guaranteed portion is typically sold on the secondary market (which has recently shut down to almost nothing) so there is more chance for loans to be sold and more money to go back into the coffers of the banks for further lending.

Notice I said the SBA has the right to increase it to 90%. It can pick which program. And it has not occurred yet. But if I was a betting person, I would say they would be seriously looking at most of the programs because everyone is scraping for ideas to revive the economy.

For those addicted to primary source documents, this is what the new statute, in relevant part (my attorney wanted me to add that) says:

SEC. 502. ECONOMIC STIMULUS LENDING PROGRAM FOR SMALL BUSINESSES. (a) PURPOSE- The purpose of this section is to permit the Small Business Administration to guarantee up to 90 percent of qualifying small business loans made by eligible lenders.
(b) DEFINITIONS- For purposes of this section:
(1) The term ‘Administrator’ means the Administrator of the Small Business Administration.
(2) The term ‘qualifying small business loan’ means any loan to a small business concern pursuant to section 7(a) of the Small Business Act (15 U.S.C. 636) or title V of the Small Business Investment Act of 1958 (15 U.S.C. 695 and following) except for such loans made under section 7(a)(31).

There is also a sunset provision under Subparagraph (f) that the guarantees are only good for one year after enactment of the bill, unless extended by Congress.

So what does it do for me now as a small business owner? Well now the not so good news. I predict the SBA will be increasing many of its programs to 90%. But to get the banks in the lending mood again, there has to be a secondary market. There is also new legislation on that, which we will discuss in another article. But once we have a secondary market, I predict that they banks will not only loan, but do so in a big way. For three reasons:

First, history tells us when there is economic inactivity due primarily to depressed conditions, when the cycle changes for the better, like a sling shot affect, it changes dramatically. Remember when people were unable to refinance or purchase their homes because of tight markets and high interest rates? The rates went down and many jumped at the chance to refinance, improve their homes, and purchase (some say too precipitously) with abundance. Although this is an overstatement and also depends upon other factors such as employment, standards of living, etc., the analogy holds that when things loosen up, there will be a substantial number of business loans.

Secondly, banks are in large part in the business of making loans and they have not been doing so for some time. They will be anxious to make profits again.

Lastly, simple economics tells us when there is a vacuum in the market; capital will rush in and take advantage of that open market and initial lack of competition. Large banks are not making business loans so small community banks are starting to rush in to take over the arena. Give them a secondary market and they will explode.

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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