Distance Education Programs

Distance education programs offer quality education through various means such as mail, satellite or other modern technological methods. An individual can join distance education programs either as a full-time or part-time student. Distance education programs were known as correspondence courses. There are also institutions offering distance education programs in theological subjects

The University of South Africa, established in 1946, was one of the oldest universities to offer distance education programs. Today, there are a number of private and public profit and non-profit institutions offering a large number of degree programs and certificate courses.

Earning degrees through distance education program is mainly beneficial for part-time workers, adult learners and full-time working students. There are online master’s programs in challenging subjects such as Instructional Systems Technology and Language Education. With advancement in various technologies, distance-learning programs have been expanding rapidly. In distance education courses, the physical on-site presence of the students is required only at the time of examinations.

Today, one can find about 1,600 online degree programs, and over 2,300 career training programs. Distance education programs are available around the globe offering quality education and making a tremendous impact on people far and wide.

Distance education programs can be every bit as challenging as traditional, live-and-in-person education. And more and more often, employers are learning the value of a distance education degree and hiring accordingly. The digital world is being legitimized quickly and surely. No matter what program you choose, distance education can be a wonderful and rewarding means to attaining education and training for your future.

Home Based Business: A New Alternative For Job Seekers

Year after year there are many students who graduate and after that they will go looking for jobs. With the rise of the popularity of the internet a new kind of work came about. Today there are home based business ideas available and you just have to choose which one you are interested in or the once wherein you think you will be well compensated in. Not only new graduates are the ones looking for a good source of income, there are those who are still in school but needs money to support their education or material wants. Aside from students there are also people who already have a job but want to earn more.

Advantage of having a Home Business

The emergence of the internet brought about so many things. Nowadays we can buy or shop online. Unlike before where in we line up just to purchase something now with just a few clicks we can buy whatever we want or need. The internet served as a medium for home based business ideas.

At present we can pay our bills online as well. Today we can meet friends online and stay connected with our friends whether they are in the neighborhood or even if they are in a foreign country. Staying connected with friends has been made possible through chat and also through different social networking sites. By way of advance technology it has given rise to different innovations and discoveries we thought were not possible then. With the popularity of the internet and because it has been made accessible to people all over the globe, it also served as a gateway to the development of a new source of income. It paved the way to different home business ideas.

Since the arrival of this home based businesses, moms can now earn money and still be able to take care of their kids at home. Now they can also help their husband generate income or they can keep the money for their personal use so that they will not need to ask money from their other half. Other people also subscribe to this kind of work even if they already have a steady job. They do this to produce extra income, for them to pay their credit card bills or maybe to save some cash for their future.

Types of home based business

This is good opportunity for people who enjoy using the internet and at the same time want to earn money. There are different kinds of home based business ideas available. For those people who are entrepreneurs by heart, you can post or publish your products and services through the net. For example you can sell your art collections, handmade jewelries or sell pastries online. If you like writing then you will probably be interested to be a freelance writer. You may write blogs or articles depending on the request of your client.

Another business idea is transcription; if you type fast then this could be a good and suitable job for you. If you have a hobby or a skill, you can make use of this to make money online. So what are you waiting for, why not start with your home business idea today?

Home Base Business Leads – How Much Are You Paying For Leads?

Are you still paying for home based business leads? If you are reading this article, you are probably looking for ways to get your own home based business leads. Generating you own business leads is one of the best ways to grow your home or online business. Most of the home based business owners do lack the knowledge of generating their own leadsHow can you generate leads? Is there such a thing as free leads? The answer is there is no such thing as free leads. You have to put in your time online to connect with the online consumer, build a relationship and you have a lead, the difference – the lead you got is well qualified lead.Generating your own home based business lead is beneficial to you, as the lead is serious and a valuable prospect. You will know exactly where the lead is coming, what avenue or what site. The trouble that most people who are in home business are facing is that they do not have enough people to talk to who are interested in starting their own business. If and when they find someone who is the least interested in making some extra income, most home business owners try to force their company and scare away their prospects.The other method that home business owners use is buy leads. Most of the time, they do not know where the leads come from or how the leads are generated. Home business owners; spend one hundred dollars or two hundred dollars to buy leads and  get excited about making some sales but their excitement is crushed, when they start making some calls. What they receive is “I did not sign up for it” or “how did you get my number” or “the computer said they were giving something for free so I signed up”. How many times have you heard the above phrase? Stop wasting your money on leads and learn how to generate your own online leads.

10 Things You Should Know Before Investing In A Home Based Business

Ask These Questions First and You Won’t Regret It Later.1) How many years have the Current Owners had Control of the Company?I recommend that you do not do business with a company that has not been established, with its current owner for more than 7 years. Most businesses (approx. 80%) will fail within the 3-5 year mark, if they make it that far. You don’t want to invest all of your time and energy into a company that is going to close its doors on you, just as you start to make some money. Some companies are aware that people look for this and will buy an established name or trademark so that they can claim they have been established for longer. It is important to include the phrase ‘under current ownership’ when you ask the question.2) Do I need to Stock, Sell, Distribute, or Package Any Products?It is a very time consuming activity to resell products when you have to package up other peoples orders, collect their money, deliver, etc. The days of doing letterbox drops of brochures, flyers, etc are gone – so should be the need for you to handle other people’s money and orders. If you are going to partner with a company where you are required to do these things, ensure that you include the time taken to perform these tasks in you cost calculations. These costs can easily be 25% to 50% of your potential profit, is your time worth that little?3) If You Invest in the Company and Partner With Them, What Sort of Guarantees do They Offer?If a Company is a good and as reputable as they should be for you to partner with them, they will provide you with a written (and in modern times web-published) guarantee that you can get your money back if down the track they don’t pan out to be everything that you hoped they would be. Most reputable companies will extend a minimum 30-60 day money back guarantee. Ask specifically what is covered by the guarantee. Some companies only cover minor elements related to the costs even though you may be lead to assume they cover all aspects of your start up investment.4)Is the company private or public?There is really no major benefit either way, except knowing what tools and resources you will have available to determine the strength of the company. For example if they are publicly held, there are a number of filings that they must make available to you. If they are privately held you can run a credit check or various companies such as Dunn and Bradstreet will share the company’s credit rating to insure they are financially stable. If they are privately owned, it may become even more important to be aware of the time the company has been operating under current ownership.5) Will the Company Provide You Annual Growth Trends/Sales Statistics?If you want to know how a company is going to perform in the future, look at how they have performed in the past. Look at the sales performance for the most recent five years. If they won’t reveal sales figures or trends – there’s probably a reason. (ie. They’re embarrassed by it.) Reputable companies realize the need to provide you with sales information, especially if they are asking you to invest in their business or as a home based business partner.If they will not give you this information, we suggest you walk, no make that run away. For those who do, you are looking for positive growth trends and sales volumes. That’s one indicator for selecting a growth company to partner with and one measure of how safe your investment may be. We don’t recommend partnering with a company that’s stagnant or declining in sales. It can also be pertinent if possible to have a look at what happened with the trends during a recession… If they can survive and grow then, then they should be fairly stable.6) Ask about ‘Hidden Costs’.I have researched many home based business opportunities and this can be a real issue. I will tell you now about some of the more common hidden fees that you don’t get told about until after you have made a decision. Many companies offer websites as an added value when you start your home based business. It can be a very valuable and powerful tool. We have found that a ‘Free Website’ isn’t usually free at all. Some offer a website free but have a whole host of hidden charges associated with using it. Some charge to shorten unusually long website names known as URLs to a more manageable length. That’s just a way to charge you for that supposedly free website and not very ethical.Many will not disclose this option until after you start. Others may charge you for user fees, full use of all features including the database, calendar, members areas or even monthly maintenance just to mention a few. Be sure to ask about any and all costs associated with the ‘FREE’ options like websites. Make sure that if you are being offered a website, that hosting is included also… this is real big one – so many companies out there offer a free website… the catch is that you have to host it with their hosting company at your expense. This is usually an extremely inflated hosting fee. Reputable companies don’t have hidden costs – they practice full disclosure. If you identify hidden costs they didn’t tell you about voluntarily, be very cautious. You don’t want to be associated with a home based business that preys on others inexperience.7)Ask about Awards that the Company has Received and what Reputable Organisations they are Registered With (ie. Better Business Bureau)?This can be a bit misleading, so be very careful. A large number of companies will tout numerous awards from organisations that they have created. A reputable company will have numerous awards from tangible and respected organisations, such as the Better Business Bureau, or Ernst & Young, even right up to the U.S. Chamber of commerce.Whilst awards and recognition on a global scale are evidence that company has a strong foundation and good business sense, always ensure that the awards listed are from reputable organisations, and ask about what criteria the company needs to meet in order to receive these awards.8) What are People Actually Earning?When I researched hundreds of home based business opportunities, I found very few were willing to provide income statistics about there representative for very apparent reasons. There are only a very select few who are actually earning an income, and they are the ones that were there at day one… which was probably several years ago. Most people who represent them are actually running at a significant loss. The companies will probably tell you that they don’t release those statistics in the interest of protecting their member’s privacy. This is usually just an objection cover straight out of Sales 101 when someone asks for information that would embarrass the company. No income statistics will usually mean no income for you.9) How are the going to help you, not only in the first 30 days, but for your business life?This is by far the biggest indicator of your potential to succeed with this company. What do they offer you to help. Will there be charges for mentoring after thirty days, will you be required to pay to get access to the training website (if they have one) at any stage. What tools and resources do they have to help you achieve the success you deserve? Sadly a large number of people and companies hide behind a home-business opportunity. They don’t care one way or another about your success, all they care about is how much money they can wrangle from you. They will offer to mentor you at a price, give you a “do it all” website for a price, they will basically offer you all of those things that you do need, particularly when you are first getting started at a price that you probably cannot afford.10) What are their products like?First of all, if they do not have a product, it is probably an illegal pyramid scam. Most people are aware of that now, so the less reputable companies will have a how to e-book or something of the like that you pay $997 for. (Which would struggle to sell on its own for $7?)Other Companies will sell tangible products, but at absurd prices… Products that would not stand the test of time without a business opportunity to support them. You probably know some of the things I’m talking about like $13 tubes of toothpaste, $60 bottles of juice, or even a phone plan that will easily double your next bill. What you are looking for is a company that stands head and shoulders above the rest when it comes to things like price, product quality and customer satisfaction. Another positive is sign is products that have patents. To determine if the company is right for you, look at the products, the quality and the price in particular and ask yourself… If there wasn’t a business opportunity here, would I still purchase these products? The answer will speak volumes about whether or not you should pursue a partnership with that company.Reputable businesses will not hype you up on some figure head, the insane income opportunity or just how simple it is. They will provide you with all of the facts that you need to make an informed decision on your own… They know they have the best, they know you will join them sooner or later and they will leave you to decide when will be the time for you. They flaunt it – because they have it. Bottom line is that if you think the information is important, and they won’t give it to you before you join them… BE VERY CAREFUL! The best situations are evident when they offer a wide range of support, training and tools to help insure your success. The best do not have hidden charges or undisclosed add-on costs. The best do not charge for the advice they promised to provide before you got started. You should expect to be paid for your efforts but don’t expect instant success. You have to work at it. If they tell you it doesn’t require hard work that’s a reason to steer clear in itself.For more details visit my blog: http://therealhacks.blogspot.com

Success in the Home Based Business Industry

Success in the home based business industry is a process and not an event. Even those seemingly overnight successes were anything but. It took months-maybe even years-of preparation, hard work, and determination to make that home based business work. To the outside, it looks as though the success happened overnight, but it truly never does.So why do people persist in thinking this? It’s the downfall of living in a microwave society! We are used to having things fast and easy-not necessarily high quality, but that’s another story. We can log on to the Internet at any time and find anything we want. There’s instant movie on demand ordering, drive through meals, ATMs in case we need cash at midnight.This has effected how people view success in their home based business. They expect to start today and be rich tomorrow. Anyone call tell you that doesn’t happen.In fact, the expectation of instant success is so powerful that people will just dive into an MLM home based business opportunity with no parachute-no alternative means of supporting themselves until the business takes off. When overnight success doesn’t happen in their home based business, they decide to quit.The real problem is that they didn’t do their due diligence to choose a better business model-a model that could help maximize their earning potential with fewer headaches.You see, a home based business is just like any other business. It has to be sustainable; it has to have a large enough target market willing to pay the price of the product or service; and it has to have an effective way of marketing the product or service to the target audience. Check it off your list: If the home based business model you are looking at doesn’t have all three of those elements, it’s not going to work, trust me!You also need to look at volume of sales in your home based business. If the product is priced low, you are going to have to sell a large volume to have any hope of making money. If it’s priced high, you don’t need very many sales to sustain your business.Once you do find the right home based business opportunity, you need to put in the work. Don’t just slap up a website and think that customers will blow your doors off. You need to build a brand and make it visible and compelling to qualified prospects. And guess what? This takes time. Success is a process-not a one-time event.Look at Donald Trump. After his first success, did he stop? Absolutely not! He kept going, kept building new properties. He didn’t stop there, either. He signed on for the TV show. He kept going! To this day, he is still releasing books, still building his brand. He knows that success is a process, not an event.Test this out for yourself. Find a successful person in the home based business industry. Ask them what they think-was their success a one-time deal or an ongoing process? I’m betting 10 out of 10 will tell you it’s a process-and you can never quit. When it comes to success, there is no finish line! Join a community of successful entrepreneurs who are creating substantial monthly profits in record time by using this Successful Business System!

Home Based Business Leads: How to Get Thousands of Quality Leads

The #1 factor most network marketers struggle with is the best way to get more home based business leads that ultimately convert into sales and make a ton of funds! Leads are critically essential, whether or not online or offline, since they develop a list of contacts that is invaluable. We use leads not just to develop an enormous down line, but also to produce a list that we OWN in order to produce long-term relationships and leverage for future sales.Widespread Mistake Created With Home Based Business Leads:Most network marketers search on-line and buy any home based business leads they find by the hundreds or even thousands, spend thousands of dollars, only to find out that the leads had been 2 years old, are completely broke and have no want or desire for much more in their lives. I know a TON of network marketers that have tried to do this only to get discouraged and frustrated.Don’t get me wrong, A lot of network marketers have created tons of cash by buying home based business leads, but most of them did it via a co-op or a lengthy time ago. These days, folks are used to being hit over the head a million times over with advertisements and bad network marketing and advertising pitches, so it’s becoming harder and harder to develop a decent list via buying leads.So what’s the other option to purchasing home based business leads?Why not produce them?! Whenever you create your own list and own leads, as opposed to purchase them from somebody else who created them, you develop a relationship, a brand, along with a following that will last for a long lengthy time. It takes some time to get it rolling, but long term it saves you thousands of dollars and hundreds of wasted hours on phone calls to people who have no thought who you might be.Envision folks calling you because they want to work with you! They know who you are, they love your training/content, and they’re dying to get into whatever home based business you’re involved in no matter what it really is. This is what these three suggestions are about and why most home based business leads organizations won’t tell you about them.Three Ideas to Effortlessly Get Many More Home Based Business Leads:Tip #1: Home Based Business Leads By means of Content:Most of my sign ups come from people seeking me out now. It didn’t used to be like that, it used to be that I prospected each and every single day (among the greatest ways to develop a foundation team) and did my content creation inside the background. Now, over a period of about a year, tactics have changed and I’m leveraging my content and name to obtain a lot more home based business leads.Content creation is the number 1 method to get followers online.So what do I mean by content creation? If you want to expand into online marketing and produce leads as opposed to getting them, you just have to produce content on various personal sites that individuals can follow. Should you do this each day, you can’t help but get leads. Content consists of a post, video, blog, etc. MLSP (MLM lead system pro or My lead method pro) is a step by step method that teaches you how you can do this and the best way to promote it if you are serious about your web business.Tip #2: Home Based Business Leads Through Social MediaSocial media is a quickly growing trend that has hundreds of millions of individuals actively engaged for hours and visiting every day. It is one of the most powerful sources of visitors right now. If you are not taking advantage of this to obtain more home based business leads, you’re fundamentally turning your back on hundreds of sign ups.Social media will be the ultimate guide to attraction marketing. By posting pics, producing fan pages, enticing statuses, etc, we are literally attracting thousands to look us up.Don’t SPAM FACEBOOK, LINKEDIN, TWITTER, or you will, by no means attract any one person to join your business. Lots of people are “daily spammers” that post their links all over people’s walls and in no way build any relationships. If you would like to guarantee being broke, follow those tactics until you’ve got no buddies left.If you want to produce true wealth and an amazing following, post issues that make people seek you out. Add pictures which are enjoyable and exciting or develop a particular “lifestyle” in the minds of your viewers. Show your family members, your pals, your life, (keep it clean). I’ve developed a TON of sign ups via social media free advertising.Tip #3: Home Based Business Leads By means of Warm Market:Oh NO! Warm market! Most of us make an effort to stay away from this category simply because we think it means pals and family. The truth is even if you do not have a warm market right now, you’ll be able to develop one! It’s a much better use of your time to go out and prospect/build relationships with new individuals as opposed to buy leads and call them.Whenever you purchase home based business leads, you’ve got no rapport with those individuals and they will dismiss you like a used sock. If you are too scared to speak to your warm market, most of the leading earners will just do that for you. There might come a day, if you don’t talk to them, that you see your best friend walk across stage and get a huge check, and they’re in someone else’s downline. My suggestion to you is to mix this tactic with the on-line tactics mentioned in Tip #1 and Tip #2 to really develop an enormous business.

The Pillars Of A Great Small Business Web Design

In the battle between big businesses and small businesses, it is the former which always have the upper hand. But while a small business might find it difficult to surpass a bigger business rival, a proper web strategy can catapult it to the top, and make it one of the leaders among its peers. However, one cannot negate the risk of failure. The owner of the small business is already on a tight budget, and he might not even want to spend extra bucks for gaining greater exposure in the market. But there is also no denying that both businesses and customers have changed radically. And when it comes to a small business (as it has to put in more efforts to succeed), this is the perfect time to create or revamp its online presence.Before we go forward, ask yourself this question: What is the very first thing your potential customers will search for when they look for your business online? You can still count and tell the number of customers visiting your store in person. Nowadays, it’s all about going online, and your power to hook in your customers with your online presence determines your success. And what is the first thing that comes to your mind when you hear the term “online presence”? Yes, you are right! It’s a website. A website is the storefront of your small business – the very first thing which your online visitors get to see. So if your web design is not up to the mark, you will fail to convert your visitors into customers.This sums up to the conclusion that your business website holds the primary key to your growth. As the owner of a small business, you do not need to spend like crazy behind your business. The website should represent your business just the way it is – in a simple and informative way. Here are some tips you need to blend into the official website of your small business:#1. Straightforwardness: You do not have time to waste, as your online visitors are not a very patient lot. Go straight to the point and show your straightforwardness. Don’t take more than 20 words to describe your business, and place it just under the header.#2. Availability: The first thing your visitors would want to do after liking your website is contact you. So make sure that your phone number and address are visible at the top of every page. Moreover, you also need to integrate a very user-friendly contact form.#3. Blog & Videos: Make it a point to include a blog section in your website. Keep updating it with fresh, original and relevant content. You must also make good use of videos. Create relevant videos about your business, and show them off on your website. These steps will make your website more search-friendly and attractive.#4. Go Mobile: “Going mobile” is now the ‘talk-of-the-town’. With the rise of mobile technology, you need to make sure that your website is supportable when viewed through any mobile device. You need to know about the latest web design trends, and implement them smartly.#5. Local Directories: This is the most important part. As you own a small business, you need to focus more on the local customers. You need to enroll your website into local directories and maps. This will enhance your visibility, and you will become easier to find in the SERPs.Conclusion:Once you ready your website with the help of these 5 steps, it’s a guarantee that your small business will find a blossoming growth in the sales figures. You just need to have patience, and follow the right path.

Starting An Internet Home Based Business – Five Common Mistakes To Avoid

Many people who would like to start an Internet home based business have no idea of the best way to get started. Starting an Internet home based business is definitely exciting but the experience can also be overwhelming. There are vast numbers of Internet home based business opportunities available and researching just a few likely looking ones, can result in information overload.

You can easily succeed with an Internet home business opportunity if you avoid these five common mistakes when starting out.

So what are some of the most common mistakes that people who are starting a home based business can make?

1. Failing to plan and set themselves goals.

Starting an Internet home based business without making a business plan which includes budgets is the first step towards disaster. Having step by step goals and a plan of how much is to be spent at each stage is vitally important. It is essential to know what you want to achieve from your business and how much you intend to spend on start up and ongoing promotion.

2. Failing To Follow A Proven Business Model

There is no need to act like a pioneer in the Wild West when you are starting your home based business. There are any number of examples of proven money making business models on the Internet. Duplication will enable you to succeed with your Internet home based business: find someone who is in the position you want to achieve and duplicate what they did to succeed. If you join a turnkey Internet home based business opportunity, you will have access to training material which will show you exactly what steps you need to take to achieve success in your home business.

3. Falling for a get rich quick scheme

Don’t think starting an Internet home based business means you will get rich overnight. This type of unrealistic expectation is one of the biggest reasons people give up soon after starting a home based business. Getting any business into profit mode will take a certain amount of time, and an Internet home based business is certainly no exception.

4. Falling For The “Free” Myth

If you believe you can have a successful Internet home based business without making any financial investment, you are heading for a grave disappointment. There are many valuable free resources available online but expecting to start and develop a serious Internet business with out any outlay is simply not realistic.

5. Giving Up Too Easily

Your two best friends when first starting an Internet home based business will be patience and persistence. Actually, come to think of it, those two will remain your best friends all the way to reaching profit mode and beyond. Becoming successful with an Internet home based business will take time and you must be prepared to exercise patience while you are working towards your goals. You also need to use persisence when working at promoting your business because there are bound to be tasks that seem boring to you.

How You Can Use a Small Business List

Small businesses are usually sole proprietorships, partnerships or privately owned corporations. They employ a small number of employees and often do not have financial turnovers as large as those of large multinational companies. Small businesses are present in every industry. Ranging from interior designing to jewelry sales and even pet services, it is hard to avoid any of these businesses in our daily lives.

However, with so many small businesses selling products and services in society, we often forget that they can potentially be a very lucrative pool of customers as well. Any company that provides products or services to small businesses can benefit greatly from having a small business list.

Fortunately, the advancement of technology has enabled almost anyone to get access to a small business list with ease. There are online portals available for organizations and individuals to communicate with these small businesses, allowing them to get up-to-date information about company details and any other updates. One can also do a quick search online to look for such publicly available small company details. However, this is a potentially long and tedious process.

A good alternative is to look for small business mailing lists offered by list brokers and compliers on the web. The small business lists provided by brokers enable immediate access to a large pool of up-to-date information about other small businesses. The best part is that these lists are continuously being updated, so you won’t have to worry too much about getting outdated information. A quick rental of such a list would save one the time of having to personally search and update records.

Next, after having a small business list, individuals and other businesses can use it to their advantage. Entrepreneurs, start-up firms and home-based workers can use the list to conduct market analysis and research for example. This way, they easily identify market needs and are able to offer their products and services to these potential clients.

Another way a small business list can be used is to send out promotional material to highly targeted business prospects. For example, if you own an air-conditioning repair service, you could send out promotional brochures advertising your services to small businesses that could very well be your clients in the future. After all, which business office doesn’t own an air-conditioner or two?

The benefits of having access to a small business list is worth it’s weight in gold. But should one compile the list themselves, or rent one instead? If one wishes to manually compile the small business list himself, he will have to ensure that they are constantly being kept up-to-date.

This is because companies often make changes in their management, causing contact persons to change, or even a change in company address. The time and monetary costs required to maintain an accurate list of small business contact information is not small.

To avoid this, it would be best to rent a small business list and spend their time on making actual sales.

Having immediate access to a complied updated business list helps individuals and organizations to save time and money. When they require small businesses for their marketing needs or require help in their businesses, they can tap on this large resource base easily and efficiently.

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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