Adult Learning And Direct Education Online – Thomson And Others

In the area of offering direct education online, Thomson Direct was an early pioneer. Founded by Thomas J. Foster in 1890-long before online education was possible-Thomson started by providing home learning programs for coal miners. By completing the lessons at home in their off-work hours, men could learn the engineering and management principles to advance in their careers. Many mining superintendents and foremen owed their positions to distance learning from Thomson. Since then, over 13 million students have used Thomson distance learning for career advancement.

Today, Thomson Direct has become PennFoster Career School, an international career education provider. PennFoster, Phoenix University and Kaplan University are three examples of schools that specialize in direct education online.

Many schools offer distance learning, direct education or online classes. For most colleges and universities, distance learning is an add-on to their traditional programs. Their primary mission evolves out of traditional brick-and-mortar education.

A few schools, however, exist to provide direct education to adults. They are unique because:

* They do not provide traditional classes. They only provide education through distance learning formats.

* They are designed to teach adults. Adult education is different than traditional education. Direct education online classes are formatted differently than traditional classes. Classes are taught the way adults learn best.

* They are career-oriented. These are not personal interest classes. These schools offer classes to help adults advance in their careers. Career-oriented classes could lead to a college degree, or they could be continuing education classes, professional certification classes or skill-building classes. Working adults sometimes need formal college education, and sometimes they need job-specific training.

When you’re looking for direct education online, Thomson and its descendents are good choices. One way to tell if you have found a good provider of adult education is to check to see if the school is accredited, and who provides the accreditation it. If the school offers high school classes, it should be accredited to provide high school classes. If it provides college classes, it should be accredited by a college accreditation organization. Other accreditations that a direct education online provider might have are accreditation as a distance learning provider or continuing education provider accreditation.

Direct learning online is a good way to find education that is designed for adults who want to advance in their careers

The Flexibility of Running a Home Based Business

Many people discover that their biggest complaint about their job is that it provides very little flexibility. There are few jobs that permit workers to come in whenever they feel like it and to work only as long as they desire to in order to accomplish their objectives. While it’s difficult to find a job like that, it isn’t at all hard to have that same kind of flexibility when an individual operates a home based business.

Most home businesses are operated during the hours that the owner wishes. This might be when there is free time that can be spent working, during regular everyday hour, or purely on the weekends. Many people start an internet business they can spend part time on after work, for a short while, until they are earning enough income to make it a full-time job. Other individuals start their home based business full time right away in order to substitute income that they have lost from another source. Whether it’s full time or part time, small business operators working at home can generally decide on their own working hours/days as well as their own working conditions.

This flexibility is something that a lot of people long for in order to be free from the long hours that various jobs demand in today’s job market. Long hours can make it difficult to socialize with friends and to spend quality time with family. Many people decide to start a home based business in order to get back the time to spend with the people they love. Working at home as your own boss can signify that working hours are flexible, leaving time to do other things that are essential. Whether that’s having quality time at home or engaging in hobbies, having a flexible, home based business can make it a reality.

Best Wishes,

John Benjamin

Home Based Business Opportunities – Basic Characteristics of Successful People

All the business entrepreneurs work towards success in their respective businesses. It doesn’t really matter if you are poor or rich everyone has an aspiration to become successful in all aspects of life, be it related to money, fame or relationships.When you are aiming at building a home based business opportunities, you will need to incorporate various habits or practices which can bring about positive changes to your business. Incorporating the basic values in life can help you to achieve the desired heights of success.The most important elements which you will need to incorporate in your life are mentioned below:Optimistic thinking – It is very crucial for a person to be an optimistic thinker for the home based business opportunities. With that, you will be able to tackle each and every problem that comes your way. Life is full of challenges and difficulties and if you have a pessimistic attitude towards the problems which occur in your business, then you could drive potential clients away.Importance of time management – Every successful man has a keyword in his life i.e. importance of time and its proper management. As the famous proverb suggests “time never waits for anyone”. The time lost doesn’t provide a second chance to improve oneself. Understanding its importance will open new doors towards the success of your business.Updated knowledge – To be successful, you need to know what is happening around you globally. The quality of being updated, distinguishes you from others. You need to move and think ahead of the times to enhance your business in a successful manner.Goal sitting – You need to set the goals and ambitions for your home based business. By setting goals, you can accomplish a more successful business and cover each and every milestone in your journey.Proper scheduling of the tasks performed – Even for the people working from home, proper scheduling or proper planning is an essential constituent. If you are looking to build a successful business, make up your work schedules and follow it strictly. By doing that, you can achieve what you are aspiring for.Discipline – Discipline is very necessary to accomplish the elevation of success. If you are not disciplined towards your life or work, you cannot think of even getting close to success. Your discipline regarding social networking and personal relationship should be maintained effectively.Truthfulness and hard work – You must have heard of the popular phrase “God helps those who help themselves”. Hard work is the most essential ingredient of your business. Being true towards your home based business opportunities acts as an icing on the cake for the hard work done.

Start a Home Based Business Online – What Are the Keys to Success?

When you start a home based business online there are 3 keys to success. You need to know that you are involved with the best people and the best opportunity that is right for you. You need to brand yourself and tell people your story and what your all about. You need to develop a millionaire mindset and become mentally bulletproof.When you are looking for opportunities to start a home based business online you want to make sure you have the best information, and that you are involved with the best people. There is a lot of junk on the internet, and that can lead to overwhelm and frustration. The smartest way to find a quality online business opportunity, is to do good research. When you have found something, I suggest searching for the company name on Google and searching for blogs of the people who are involved in that company. Get to know their story and what they’re all about.Once you are happy with what you have chosen it is time to start your business. The key to success when you start a home based business online is “Personal Branding”. With all the junk on the net people need to feel that it’s a real business and they need to feel excited about joining that business. Just like you did, they will do their research on you and your business. When they find you and what you are offering, you need to tell them about “You”. E.g. Where you came from, What your goals are, and what your all about. Tell them your story, let them get to know who you are.Without a doubt the biggest challenge newbies face when they start a home based business online is their mindset. The majority of people who search for business opportunities online have a lottery mentality, they want to make BIG money with little to no effort. Other people have excuse-itis, they constantly make excuses why they cant succeed. Make no mistake, an online business, is a real business and requires hard work to succeed. If you want to have a highly successful online business, and make big money, you need to develop a “Millionaire Mindset”. The way to do this is to constantly feed your mind with personal development materials. You need to only allow positive energy in your world and you need to weed out all the negative energy in your world.3 simple things to start a home based business online:1. You need the best information and opportunity
2. You need to get your name out there and show yourself to the world. And…
3. You need to develop an unstoppable mindset, a mindset that empowers you and pushes you towards your goal.

Home Based Business

Are you tired of the daily eight to twelve hours work shift? Is the every day rush in the morning, a hectic day in the office, pricking comments of the boss or dirty politics of colleagues pushing you in the sea of stress? Home based business opportunities will show you the light of a new earning scope apart from the dreary world. It is also suitable for the homemakers or women who have to stay back home for children. You can manage the home based business the way you want, invest time and resource as per your need. Therefore, you have freedom and control over your life that you do not get in normal official jobs.However, before starting any business you have to do a lot of research about your preference, scope, resources, time and capability. You have to be very clear of what you want to do. There are various types of employees in various home based businesses; you may opt to be a freelancer, take contract independently; work as telephone operator, a virtual assistant or even a consultant.Prepare your CV perfectly, emphasize your skills and experience, and select the most suitable time frame for you. Especially the time frame is very important as you have to be available to the clients on time and also attend your family responsibilities. As you are working from home so you must have plenty of time. Again, staying home is a drawback if the household chores take over your working hour.Investigate about what resources you have. A computer machine, a telephone, any software and even your special skill will be beneficial. There are various types of home based business and you are the mastermind to select the right one, design and develop your business. There are many alluring advertisements broadcasting lump some money, but be careful because a hefty income from business is not possible overnight. The advertisers invested years behind the business to make money.Some common home based business solutions are-

Website-based business: if you can design websites then this is for you. If you are not that skilled you can buy website or hire experts and run the business.
Freelance writer: if you do not have any special skill but knowledge of the basics of computer use, then you can write articles, do data entry work online.
Manage to buy and sell products online: become familiar with the auction sites, use your intelligence and sell the products online.
Virtual assistant: you can work as administrative assistant or office assistant without going office.
Other online jobs: these include online coaching, web-content management, consulting, transcription works etc.
All these were based on internet. However, you can do business without a computer also. If you have any hobby like painting, craftwork, music, knitting, cooking etc then you can sell your handwork or give training on them from home.As with all other jobs, home based business also have some shortcomings. You do not get any health or life insurance on the basis of home based work. Your income may not be steady and stable every month and affording all expense of the family may be impossible at times. As you are staying home, you have to be present in all family matters, distracting you from the job. Home based business is no less than regular jobs and it is very challenging. After all, you have to be confident enough that at the end you will succeed.

How To Determine Which Home Based Business Is Right For You!

In today’s world, who DOESN’T want to make money from home? The 2 primary things at your disposal are that the economy calls for this but also that technology has never made it easier for us! You can literally reach the globe and have things become viral today via Facebook and the power of social networking. It is almost harder to believe that despite these things, the majority of people that get involved STILL fail for some reason. So how do you pick and choose which home based business is proper for you?1.) Your “Why” – You will need to CLEARLY determine what is motivating you to want to work from home. If your “why” isn’t strong enough, typically you won’t succeed. I’m not talking about “I need the money” type of why. I’m talking about a true passion or desire to succeed at something that you feel you can/will make a difference with. Unlike punching a clock and exchanging your time for money (usually piddly money), working from home REQUIRES consistency and drive to the fullest. You will not continually display this on a consistent basis if you don’t enjoy what you’re doing and believe it has a purpose for you and for your customers.When I quit my “job” and started marketing online full time, I was torn between the “Should I or shouldn’t I” phase. I was making enough money online to justify it but my fear of “what if?” set in. I figured out that my “Why” was due to overwhelming medical bills and having NO chance to pay for them until/unless I did something different. My “job” was capped and my income was capped. Home based businesses are notorious for not “capping” you, your potential or your income. Quite attractive when your “Why” is strong.2.) Skill – Let’s face it. There is a certain amount of skill required for a particular business opportunity. This is something that I deal with everyday with my students. They want to get into internet marketing but they “Don’t know how to build websites” and many other excuses. Guess what? Either did I! That’s the beauty of these businesses is that although skill might be required, it CAN be learned and improved upon.I am now building sites, landing pages, sales funnels, blogs, installing plugins, etc. If you would have mentioned these to me years ago, I wouldn’t have even known what they were! So rejoice in the fact that whatever your opportunity is, it WILL require skill that you can improve upon!. The smart “go getter” will pick an opportunity where they are already skilled if possible OR be willing to dive in and learn and not be intimidated by it!3.) Experience – It isn’t likely that you will have experience in whichever opportunity you decide to get involved in and that is normal I think. When I bring experience up, I am referring to being realistic about YOUR personal experience level with this opportunity you are considering. In other words, just because Ralph down the street is achieving success does NOT mean that you will. Draw your OWN conclusions from your OWN experiences, NOT from Ralph’s experience.These opportunities are generally only going to share results from their highest achievers. I believe that means the 1 or 2% that actually achieve tremendous success in this opportunity. They are the ones that do the sales pitches and the infomercials and such because they don’t want to tell you about the other 98% that never made a dime. Be realistic and draw YOUR conclusions. Don’t allow outside influence like this distort your perspective of a particular home based business opportunity. Only YOU can draw this conclusion.4.) Start Up Fees – Many opportunities will ask for and require payment for many different things and reasons. This is normal and shouldn’t scare you away. Businesses require money to start up and require money to build them. However, do NOT blow your budget for any opportunity. If you wish to start or join an opportunity that requires more money than you currently have or can spend, SAVE the money and get involved then. Reason being is this…..you will learn to resent your decision and the opportunity when you don’t see immediate results. It is common for the opportunities to insinuate that if you spend xxxx amount NOW, you can recoup your loss by working the system.Sometimes this is true and I believe it is always possible but it certainly is not probable. If they try to persuade you to move forward when you resist, I would say that is a red flag. Start up fees should be paid and disbursed and forgotten about. Move forward in your decision and give it an honest effort. This leads me to my next helpful tip….5.) Seed Planting – When a farmer goes out and plants seeds, they don’t do this so that they can come back tomorrow and see results. They plant the seeds knowing full well that the results might not happen for quite some time. This is how I always treat home based business also. Many get started, they plant some seeds and get some things accomplished, they don’t see immediate results and the bail out. This is a HUGE problem and one of the leading causes of failure in these home based business opportunities in my opinion.You need to generally give these opportunities adequate time to develop and you need to be smart enough to stick it out for the harvest! You certainly wouldn’t want to be involved in something that yielded immediate results because THAT would most likely be some kind of bogus scam. Instead, moderate results and/or dismal results that continually get better are what you’re looking for. The harvest is waiting and you certainly can’t enjoy it if you bail.In closing, I’d like to simply point out that it is my opinion that ANY home based business CAN generate a good living for the right person. It is usually the person behind the opportunity promoting it that causes the failure. Self sabotage and “re-inventing the wheel” are SO common. Instead of doing what you were taught, you decide to skip this or talk yourself out of doing that…and the next thing you know, you don’t have anything to show for your efforts.However, your efforts weren’t done properly so of course your results weren’t good. Now that I have reached the level of success that I have, I can honestly say that there has never been a better time to get involved in home based business. The decision to do this has changed my life completely in all ways and it has done the same for thousands in this poor economy.I strongly suggest that while evaluating ANY home based business opportunity, you FIRST evaluate yourself because it will most likely be YOU and only YOU that create the failure. We are self sabotaging humans and our loved ones are notorious for not being supportive in these ventures. Surround yourself with others that are successful and ask for help. If you are willing to do the work and go through the motions properly, most that are successful will be more than happy to help you.They should appreciate that you are striving to learn but do NOT expect them to offer advice and then watch you decide to NOT do what they said or to “modify” it and do it YOUR way. Your “Why” simply needs to be strong enough to do any of these things. If it were as easy as it sounds on paper, nobody would work for anyone and we’d all be working from home. If you don’t have determination and drive to be successful, you won’t. It’s not rocket science! I encourage you to go for it. It sure has made ALL the difference in my life!

Signs of a Successful Small Business Owner

When starting a new business, there are numerous signs that can indicate whether you’re succeeding as an entrepreneur or aren’t. A small business can be risky. This is particularly true if you specialize in a niche that bigger companies already excel in. However, if you display some particular qualities, it’s a sign that you’re doing a good job to stay afloat.That’s because small business owner who have a positive attitude towards success are the most likely to get a taste of it than his counterparts. Their counterparts focus only on stability and nothing more. While business success has a lot to do with your initial idea and how you build upon that idea, it still depends on your personality and capabilities. Here are the few signs of a successful small business owner that you should develop as part of your personality.You Like To Form CollaborationsMost successful entrepreneurs display this common trait. They understand the importance of having a well-connected network in the business world. Nevertheless, just like in every other change, collaboration needs to start from within your business. This means you’ll need to start delegating tasks effectively. Another crucial part of this is building good relationships with everyone on your team. This includes your employees and suppliers.Of course, you also need to establish a position in the network of small businesses. It’s unwise to act alone without any partners. You needn’t form friendly relationships with your competitors. However, at the least, you should be on good terms with other small businesses that complement yours. By obtaining a position in the community of other businesses, you’ll be able to create new opportunities that can benefit others. Moreover, others can do the same for you. What results is a beneficial support system that allows all members to rely on one another.You Have Your Eyes Set on the FutureYou never know what the future holds, especially if it’s for something as volatile as a new startup business. That’s why successful entrepreneurs share a common characteristic of looking towards long-term future goals.Some struggle to stay afloat amidst a rocky economic climate, and such desperate conditions can lead to business owners not looking farther than the near future. Such thoughts are understandable, but think of it this way; acting upon well-structured long-term goals at the same time as day-to-day tasks can ensure far more than financial stability and simple peace of mind.Your Leverage the Benefit of TechnologyNowadays, when it comes to operating a small business, it all comes down to incorporating the use of technology, whether in marketing, management, or everything else. Technology and software have made it easier for entrepreneurs and small business owner to meet their goals, and now with services like Google AdWords and personal assistants, functions have become much more streamlined than ever before.Take websites, for instance, they’re a business’ online identity and that’s where most potential customers will go to check whether your brand is legitimate or not. Then comes social media, which is a useful marketing tactic that produces results without requiring you to spend too much of your ad revenue. Then there are other business-related applications like customer support live chat software, fixed responses for keywords and budgeting tools that boost your productivity so you can focus on product quality.You Love to LearnYou’re never ready to run a business until you’re prepared to improve yourself by learning from others. You may be determined to make it through with a method involving trial and error, but that costs precious resources; you need to start learning from others’ success and failures. Data is the most powerful weapon that a business can possess because it helps you discover trends and important details.If you aim to learn about what strategies lead to profitable ideas and which ones are just downright terrible, you’ll be able to devise a solution of your own. The best way to fulfill your curiosity is to read and look into insights regarding management, marketing, customer satisfaction, and product quality. Archives can provide you with numerous researches and surveys conducted by different companies. While it isn’t necessary that the results apply to your business, you’re still bound to learn something.You Don’t Just Think; You ActWhile we’re at it, we might as well establish that being a smart business owner doesn’t mean that you’ll never have to take risks; it’s merely the ability to take risks with confidence. One sign that your business will soon see the light of success is that you don’t just think, you also act when the time is right. This sign is associated with the confident ability to make good decisions, even if they’re risky.It’s true that before you put any plan into action, you need to examine it carefully all the way through. However, if you become stuck on the evaluating stage, you’ll miss your chance to implement your idea. That’s why you should have some faith in yourself and build confidence in your abilities to make a good decision.You Seek FulfillmentThere are many small businesses operating in the market, but very few businesses owner seek fulfillment. The rest of them, however, only look at it as a means to make ends meet. Success-oriented entrepreneurs always chase after their goal of doing something fulfilling for a living. Your ability to see value in everything you create is contributory to success because you’ll want to build upon ideas to increase that value.If you realize these traits in yourself, then congratulations; you have what it takes to turn your small business into a success! However, even if you don’t, do not fear! Owning a small business can change you as a person. But, it depends on you whether you take something positive from the experience. All these above-mentioned aspects will greatly improve not just the quality of business, but your life as well. If you can learn to find a hint of success-oriented personality within yourself, then you’ve hit the jackpot.

Home Based Business Services – Stop Throwing Money Away!

If you’re looking for more home based business services to help you quickly and efficiently build your business, then you are going to want to read this article from top to bottom. In it, I am going to show you how to stop throwing money away, and how certain types of home based business services are not “serving” you or your business…and are basically serving only to drain your bank account.

Most people when they look for home based business services, end up spending their money for business card services, vehicle magnets and related things. So the very first thing I want you to do, is to stop throwing your money away by constantly putting your money into things which, from a long-term perspective, aren’t going to benefit you or your business.

Although these types of techniques can build a business, the process is painstakingly slow and full of constant rejection. Think about the numbers associated with utilizing these techniques and this type of home based business services.

Even if you used these home based business services and they garnered you 10 calls and 1-2 closes a week (translating to you recruiting 7-8 people per month). Not only are you working your tail off to get them, but you have to worry about retention issues. After a few months, these prospects are likely to be dropping off faster than you can get new ones.

When you are encouraged to use these kind of home based business services – the ones that by nature have you marketing your company (instead of you) and leading with the business opportunity (instead of with the benefits) — that is the half of the equation that they never seem to tell you. While these things may work to recruit people, they are MUCH more likely to recruit people who are likely to drop out within a month or two. It makes it so much harder to get to your goal, because you are spending so much energy having to recruit enough people to make up for the number of people who are dropping out each month.

You need to understand how to take advantage of much larger marketing platforms than these home based business services can create for you, so that you can expose your business to a much, MUCH larger pool of prospects. This is best done using the Internet.

With that said, there are a couple of things that must be in place for that to be effective. First, you need some sort of lead capture page. The ONLY objective with that lead capture page should be to get the contact information (the email) of people who are already looking for what you’ve got.

Second, you need to drive traffic to this page, so that you can build relationships with these people (so that they ultimately WANT to buy the things you have and WANT to be in business with you). In doing this, there are really only a couple of home based business systems you need.

Pick up a GoDaddy or HostGator account. Either one of these options will be fine, and the only fees you will be looking at incurring are ~$12.00 a year for the hosting package and ~$15.00 a month to host an unlimited number of websites. The other service that is really essential to get the process moving is an autoresponder. Good ones to check out are GetResponse and AWeber. Both run about $20.00 a month.

In conclusion, stop spending money on various tools and home based business systems that are likely not to provide you any great or long-term results. Take those funds, and instead apply them to the part of your business that will give you a great return on your investment.

Innovative Advertising Ideas: For the Success of Your Business

Be it a small scale entry level firm or a multinational company, advertising is an integral part of every business. Effective advertising is a useful tool that results in increase in product visibility and hence the sales. Besides making the marketing strategies successful, it increases the brand awareness among the consumers. If your business is currently using advertising that is not helpful in increasing your sales or profile, it is high time that you transition to innovative and effective Advertising Ideas.

Ineffective marketing or advertising is equivalent to burning money. It is important that your advertisement partner should be innovative enough to provide you with effective advertising options. Most of the businesses get swayed by the sweet talk of the advertising executives and some fall in for undue discounts. It is very important to find a company that can help you with an advertising plan that is not just affordable but also adds value.

If you are into food business, it is imperative that you have a perfectly designed marketing plan and innovative advertising ideas by your side that can help your products lapped off the market shelves. There are many companies involved in Food Advertising but one needs to make a wise choice amongst them. Your advertising partner reflects your brand’s image in the market. Your choice should be in sync with your business plans. Many tools such as video advertising, background advertising, roadblock advertising, and display advertising, form an important part of strategies of various Private Exchange advertising.

In order to make your advertising campaign a success, you can benefit from utilizing ideas like:

i) Whatever you advertise, provide the users a glimpse of how your product is different from others. Utilize all that you can, to paint a colorful picture of your product’s unique identity.
ii) Lay emphasis on how the other products around are usual stuff. Many advertisers use this tool. This helps distinguish your product from the pile of ordinary products in the category.
iii) Utilize motion to your benefit. Cheese oozing from the pizza, melting butter on the bread, creamy waffles from the coffee cream, and steam from the bowl of piping hot soup are a few examples of using motion where it is. This gives a tempting effect to the customers.
iv) Emphasize the utility of your product for an ordinary person. This is the sure-shot way to target the wide market. If your product or food connects to the usage of ordinary people, it will sound more real and desirable. You can use average-looking models for the video or picture advertising to comprehensively attain the goal.

Besides the above, more emphasis should be laid on benefits of the product rather than the product itself. Good advertising helps your marketing techniques achieve desired results without looking repetitive and redundant. With out-of-the box Advertising Ideas, you can boost your sales and can increase your profit many folds.

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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