The most annoying part for online home based startups is setting up funds for their new business venture. You would think that it might cost you a lot of money – therefore, you would start thinking whether you should ask around your family and friends for money, which you are, too embarrass to ask them for financial support. Besides that, probably you are considering looking for a personal loan to obtain cover some of your cost of your new business venture. Frankly speaking, you don’t have to make such decisions as you can actually start your own internet business without any money at all.At the beginning, you need a website before you start any internet businesses. Basically, there are few things that you need to do:1.       Register for a unique domain2.       Subscribe for a web hosting service3.       Look for a reliable content creation service4.       Promoting your website via Pay-Per-Click (PPC) advertisingIn contrast to the above, you can set up a website for your home based business for absolutely free!Let’s cut the chase and start elaborating these important tips below:Tip #1: Find a free blog publishing service to create your own websiteIt’s easy to find such free blog publishing service on the Internet – i.e. Blogger.com, Squidoo.com, WordPress.com and Typepad.com. By using such free blog publishing service, you can s allocate some money for other important tasks since you don’t have to save up some money on domain registration and web hosting service.Tip #2: Find an affordable and reliable content provider Since you’re not using any money for domain registration and web hosting service, you can allocate some funds for hiring talented writers. The most economical way of hiring talented writers is posting job ads via Craiglists.org.All you have to do is list down all your criteria i.e. topics of interests, rate per hour, preferred academic qualification and etc. Always ask your candidates for a writing sample of your topic of interest so that you can assess their quality of their work.Tip #3:  Driving free targeted traffic to your websiteOnce you have your website ready – therefore, you need to promote your website so that it’s reachable or accessible to all potential internet users. Apart from starting a PPC advertising campaign to promote your website, there is an effective way of generating targeted traffic to your website – it’s via article marketing.It involves providing valuable content articles to readers by submitting such articles to high-authority article directory – i.e. EzineArticles.com which has a large base of high-quality articles that attracts potential visitors to your website for absolutely free! In short, the more valuable articles that you submit to such article directory, the more targeted traffic directed to your online home based website.Now, you’ve no excuse to start your home based business since setting up website can cost you no money at all. So start working on it now!

The are millions of people around the world doing there best to achieve a large home based business income, but not many people actually do. The truth is most people actually spend more than what they make causing most people to eventually quit. How is your business going right now? Well statistics tell me that 97% of people online spending more than they make. So I’d say it’s safe to say your business is not making the income you planned to make. An if it is, there’s always room for improvement. If your an Internet marketer you should know, once you stop learning, you stop earning! So I want to give you some insight on how I became a top producer in my primary business so you can get more results in your business.The first and most important things that has allowed me to become a top producer is that I understood and took total responsibility for my own results. I remember when I first started marketing online. I was looking for that person that could tell me the secret to making millions online, not really understanding that I was that person. What I mean is that real online entrepreneurs of course seek advice, but if they don’t have the answer to something they seek out the answer on their own using the Internet or whatever resource they can. They understand that no one cares more about them, than them, and the result achieved in their business will only come from their actions, not someone else’s. Real online entrepreneur understanding this, know that they will be successful even if their sponsor wasn’t there. When I truly accepted and understood this, I became unstoppable and this is what you must truly accept and understand if you want to be an online superstar.The second thing I did and what you need to do if you want to be a top producer and producer that large home based business income, is team up with the top Internet marketers and do exactly what they do. This is exactly what I did to become one of the best at what I do in my business. It’s as simple as this, if you want the results that top income earners have, you have to do what top income earners do. If you do this an stick with it, no matter how long it takes you will definitely produce that large home based business income.Creating a large home based business income is a lot simpler than people think. You really can produce the results you want just by doing what was explained in this article. Now statistics tell me that 3%, only 3 out of 100 people will actually do what I suggested to achieve a large home based business income. Will you take action?

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.