Home based businesses are much less complicated to start up with today’s technological innovations than they were a few years ago. And technological innovation is the key if you are looking for the best home based businesses.Some people may be anxious that they have no technological know-how but the world wide web is an easy place to get started with a work at home business if you follow a few simple steps.Affiliate MarketingAffiliate marketing is one of most popular and best home based businesses to get started with. Basically, you promote other people’s goods and services on the internet and, when somebody buys the products or services that you are advertising, you get rewarded a commission by the product owner. You do not have to worry about producing products, holding any stock, dealing with the fulfilment or any client queries.There are so many different items which are readily available to promote. You can find a large choice at Clickbank, a popular online marketplace. It has paid out billions of dollars in commissions to affiliates over the past 10 years. There is no cost to join Clickbank and you can browse through their categories to see which items suit you best.PayDotCom and Commission Junction are two of the other big online networks who specialise in digital products and of course there is the Amazon online programme if you are interested to promoting actual physical items.Online Information MarketingInformation marketing is another one of the best home based businesses available today. If you have information about a particular topic it can be turned into extra income. People use the world wide web to look for information and are willing to pay for it. You do not need to be an expert, just so long as you know more than a regular person on your chosen subject. If you do not think that you have any useful information then you can go and talk to experts and then transfer that information online for sale.Education and TrainingThe owners of the best home based businesses have all been prepared to learn new skills and techniques for their work from home jobs. You would not expect to start a new job in an office, store or factory without another person showing you what to do, so why should your work at home business be any different? You have to make sure that you are up to date with your marketplace and know about the techniques used to attract new customers and retain existing ones. All of the best home based businesses require continual knowledge and training if you are to succeed.It is a well known fact that over the past years there has been a surge in the number of individuals buying goods and services online. As this trend continues to grow it is the online businesses that provide the greatest opportunities for the best home based businesses.
Start a Home Based Business Online – Skyrocket Your Online Home Based Business Website For Free
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!
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.