For most people, the idea of working for a company that requires them to keep a time card and maintain their hours in consistency with the office rules can be rather frustrating. A lot of people would agree that if the chance of finding profitable home based businesses these days is very easy, then they would readily jump on the opportunity just to leave a scheduled corporate setup.You may be one of the many people who are going through the motions of a day job simply because you feel as though you have to. If you are thinking that there are no opportunities that will open for you with the benefit of your own time management and with you being the boss, then that’s the worst idea that you have entertained in your existence. There are prospects out there waiting and you don’t have to take for granted the chances that you have in finding them.One of the most profitable home based businesses that you can try is multilevel marketing. This opportunity may work well if you don’t want to give up the security blanket that your current job is providing for you. MLM requires you to pour in a little of your time in the business which means that you will be able to keep your day job. Once you have established your business in network marketing, you can then decide whether or not to leave your regular employment and concentrate on your MLM business.When you have decided to focus on your MLM undertaking, you will then experience all the advantages that it can provide for you. You will be able to focus in this money making scheme and be a bit comfortable knowing that it can match the paycheck you are earning from your day job. You will have all the time in the world strategizing how to further your gains and increase the number of people in your network. In the long term, you can sit back and watch your money grow in the form of the residual income that you invested in the business by recruiting other people to join the system.Though multilevel marketing is one of the profitable home based businesses in the market today, it requires you to work hard and be patient to succeed. If you start early, you will also earn its rewards sooner than expected.
Top Legitimate Home Based Business Opportunities With Low Start-Up Costs
Starting a successful home based business is the dream for many aspiring entrepreneurs that possess a strong desire to leave the stress of the rat race once and for all. Unfortunately in the past the high start-up costs associated with starting a work from home business prevented many from indulging in this wonderful opportunity.However, there has recently surfaced several different ways to start your own home based business with a low start-up cost.These exciting opportunities have leveled the playing field allowing many more people to experience the joys and economical success with their own home based business provided they were willing to still invest the time and work effort required to run a business.Affiliate MarketingThis opportunity represents perhaps the easiest way to break into a successful work at home business venture but it generally does require finding a product or service to sell to potential customers and some knowledge of the Internet of required in order to truly reap the rewards associated with becoming an affiliate marketer.Still, the pay-off can be very lucrative when you get a selling funnel developed and implemented and with a small initial upfront cost for a domain name and hosting, affiliate marketing is a very doable business.Freelance OpportunitiesIf you possess a skill such as writing, drawing, graphic creation or website creation then perhaps the freelancing model might work best for you. In most cases with zero up-front cost to get started and no other expenses except for you internet connection fee the opportunity to become a freelancer can be very profitable indeed.Product CreationThis is a favorite home based business model for many online marketers because it allows you the freedom and flexibility to create a product based on your vision which can then be sold to people. The initial start-up costs may vary but generally you can create a product for under $500 and if the demand is high enough and you market it properly you stand a chance of having a five or six figure business on your hands. Direct Sales or Network MarketingThis is one of my preferred methods of making money with a home based business based on the low entry fee and potential ROI that can be achieved. Sometimes referred to as multi-level marketing or MLM, this work form home business involves sales. If you are an outgoing person with a natural sales ability and hook up with the right company in order to sell a quality product you could be on the verge of a six-figure business within a short amount of time.There are hundreds of thousands of legitimate home based business opportunities with low start up costs and the information above represents a quick overview of the many different possibilities.Finding the right home based business for you can be very exciting but you must be on the lookout for potential scams. Spend some time conducting thorough research and you will be able to find the right work from home opportunity that meets your dreams and desires.Are you in need of a work from home opportunity or home based business that really offers the potential to excel with a low start-up cost? As a successful California Scentsy consultant I invite you to check out the benefits available to you when you become a Scentsy consultant on my team.
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.