Online Education – The Changing Face of Education

Opportunities in education today would have been impossible even a few decades back. With the popularity of the Internet, easy accessibility to computers and the World Wide Web, higher education has been transformed into a new dynamic entity. With technology progressing at a rapid pace and demands changing almost daily, our lives are only becoming busier. The world around us is left with no option but to change and move along with the times to accommodate to our new schedules and requirements. This is more than apparent in the field of education. As times change, fewer and fewer students rely on the traditional method of attending classes at a college campus. The ‘brick and mortar’ type of education still exists but now side by side with the option of graduating from an online degree program as well.

As the number of people who look for ways to complete their education or improve their skills becomes too large, it is inevitable that a large number of colleges and universities take the necessary steps towards filling that need. But jobs, childcare and other family obligations limit the amount of time people can devote to their education, and thus, alternative arrangements are created. Online education has started gaining popularity and has now completely changed the way we approach education today.

Online degrees are now widely accepted and recognized as authentic educational qualifications. As long as the institution offering the degree is accredited by an accreditation agency recognized by the U.S. Department of Education, there should be no problem in the degree being accepted and acknowledged anywhere. Fully accredited online degree programs are now available in nearly every field. From management to medicine, law to accounting, there is a wide variety of choices on offer. Even obscure subjects and fields of study have found their place on the Internet. With degrees such as healthcare, students are even given the option of combining the practical aspect of their training at local hospitals or clinics along with virtual classes and studying online.

The flexibility of online education has opened up the doors of education to people from all walks of life. Stay at home moms and dads can now study from their own houses and employees can complete their assignments around their work schedules. There is 24 hour accessibility to the study material allowing for all night study sessions as well as the possibility of returning to subject matter again and again if necessary. And as universities continue to expand their options, the flexibility of online education will only increase. Students will be offered more options with the possibility of a custom created curriculum that suits their individual requirements and interests.

Distance learning also allows people hundreds of miles away to graduate with degrees from the college of their choice. Without spending a penny on gas or transport, students can make the most of a world class education with resources and faculty from all over the world. Through pre-recorded lectures, worksheets, assignments, e-classes, online forums, and tests, students can view, interact, and study from the comfort of their own space.

With a more flexible attendance policy, students can choose to tackle their workload as quickly or as slowly as they need to (all within a larger pre-determined schedule, of program). While this freedom may prove to be a little daunting to a new student, after completing a few programs, it becomes easier to get used to this new way of studying. To be successful in an online program, a large amount of self discipline and motivation is imperative. Without which it is all too easy to take advantage of the flexibility of the program and not achieve much. And while online education is definitely less expensive than a traditional degree program, to spend time, money and effort on something that is not taken seriously will not accomplish anything in the long run.

Online education in short offers every individual the right information in the right format at the right time for the best chances of success. Once upon a time online schools were considered the next wave of education and that future is finally here – ready to change the way we look at education way beyond the boundaries of any classroom.

How to Remain Calm When You Think Your Home Based Business Is About to Fail

Most people who set out to start a home-based business forget the most important factor in having any business, whether offline, online, home-based, or brick and mortar. You see you are probably extremely good at your craft. You are even probably better than most in your field; however, you may have also heard of the terminology “starving artist.” Building a business is not just an art form. It is systematically scientific. If you understand science, in any capacity, then you are quite aware that the term science is an extremely broad term. When you peer into the multiple subject matters of science you recognize several systems taking place.

For one, you realize that all subjects are categorized within the very broad term of the word “science.” Each subject of science has its own category. It is a sub-category of a very broad subject matter. You may be asking how does science relate to me growing my business? Well, it relates in the fact that each sub-category is extremely specific. This specificity is extremely important in telling your prospective clients/customers your SECRET. Most people focus on attempting to sell “hamburgers” to “vegetarians.” Meaning you are positioning your product and/or service in front of people are not consciously aware of it or have not need for it. This is a great way to get crushed in business, because you are spinning your wheels and inevitably, wasting valuable resources, which includes your time. The most important aspect of marketing is locating your niche. You must know who you are marketing to before you are able to implement targeted marketing strategies that will basically have your prospects beating down your door and throwing their money at you. You must become the hunted and not the hunter.

As an avid poker player, it took me a while to understand the value of position. In order for you to flourish in any business, you must learn to position yourself in front of the people who have been talking, searching, and asking about YOU! This may be hard to believe; however, ask yourself one question? How did you end up with the products and services that you are currently using? That’s right. You wanted them and did not stop until you sought out whoever had them. And here is another question. Did they have to beg you for your money? Right again! You were happy to give it to them without fuss, because you successfully got what you wanted. Seems like a win-win scenario am I correct in saying that?

Computer Home Based Business – How Versatile is it For Your Lifestyle?

Many people do not realize that a computer home based business requires a lot of time, effort and dedication. It is one of the main reasons why many people fail with their online businesses; because they don’t treat it with the same respect as they would a job.It surely is not going to be like the photograph which we get to see on some moneymaking websites where the dollar currencies fall out from the monitor just like magic. It is someone who’s just playing on your greed. You’ll need to stay away from such kind of websites to succeed.Working from home requires a lot of versatility since you will be doing a lot of activities all by yourself.You will be:o The CEO
o The business planner and developer
o The marketing manager
o Customer service executive
o Business administrator
o The bookkeeper, secretary, taxes, etc.
o The finance head and decision maker
o Research and development
o Courier boy or girl and lots moreIn your computer home based business, you will need to perform various different types of activities which could fit many designations in an organization, especially if you start your business solo. All the above mentioned aspects are equally vital for your business and they will have to connect simultaneously in order to succeed in your business.Now, before starting any computer home based business, you will need to ask yourself one simple question, “How versatile can your business be for your lifestyle?”Will you really be able to do all that is needed to succeed in your business?Hope is at hand for YOU with the home business. Almost no home business person does this all by themselves unless it is more of a hobby income. Consider having family take an area or bring in a friend to have as a partner or hire a minimal wage income bookkeeper for example. Sometimes people in the same business come together to work. Even bartering works well.Apparently being Jack of all trades might not have been your priority while you were working for others in the past and therefore you might not have put in the required efforts to learn the various entrepreneurial traits.Now that you are a business entrepreneur, you will need to put in a great deal of efforts to learn all the possible aspects which are associated with your business. You could either enroll yourself to the business management course or you could learn them by yourself.There are plenty of free resources and newsletters available on the internet with which you can gain knowledge about the functioning of a successful online computer home based business. Do your Google research and don’t get hooked in to the thousands of programs trying to sell you high priced training, in the long run, you usually lose.

Start a Home Based Business Online – Every Small Steps Count

If you’re in the verge of starting your own home based business only, you might be having troubles deciding whether you should leave your day job and pursue a life that you always dream of – such as achieving a debt-free life, complete financial freedom and a stable profitable business.  On the other hand, it can be a risky task since setting up an internet business requires some overhead cost and you would not necessary gain profit within a short period of time. In other words, you cannot guarantee that your business will start making lucrative profits after few weeks of opening.To be honest with you – there is nothing that guarantees the success of your business but if you’re willing to accept new challenges and deal with new problems persistently and that kind of positivity would attract success! Therefore, starting a successful new online business at home does not come overnight – it requires small baby steps to achieve it. In fact, you don’t have to spend much time on these steps below:Step 1: Find a niche that you’re really interested atFor some people, it would take hours or days to find a right niche for them and this could happen to you too. If you’re having difficulties of finding one – you can browse through the advertorial section in magazines and newspapers, to see others what they are currently promoting. Based on that, you can easily choose one niche that interests you. Other than that, if you have a hobby or any particular interest that you wish to pursue, you can actually turn them into a profitable online business as long as you’re fully dedicated to it.Step 2: Start researching on the selected nicheOnce you have selected a niche, you have to identify competitors of your niche and learn on what they have offer to their potential clients. It is similar to a famous quote from Sun Tzu’s Art of War:”Know your enemy and know yourself, find naught in fear for 100 battles.”Based on this quote, you can learn from your competitors (or “enemies”) about the products they sell, and contents they provide from their websites. From their website contents, you can figure out the keywords that help them rank top of the search engine results page (SERP).  Step 3: Identify the strengths and weaknesses of your businessSince you’ve identified your competitors of your selected niche, it becomes natural to proceed with distinguishing strengths and weakness of your own online home based business – your products or service. Here’s a tip on how those big companies identify their strengths and weaknesses – is performing a SWOT analysis. Therefore, it’s wise that you Google up “SWOT analysis” for more related resources.Step 4: Find solutions and work on it as soon as possibleWhen you’ve completed first few steps above, it’s time to take actions accordingly and work on it as quickly as possible. Set up a working schedule to get things at the right time. You need to maintain a high-productivity at work in order to complete all possible tasks on your own as you’re the boss and the worker of your own internet business. Now you have learned all the steps to start your own home based online – so let’s start it up!

Running an Online Home-Based Business – Are You A Businessperson or A Consumer?

If you run an online home-based business and you behave like a mere consumer, then don’t be surprised if all your efforts at growing your business is undermined by this mindset.Businesses make rational buying decisions after careful thought and based on a good feel for how what they are buying fit into their business model.Consumers make decisions based on impulse and what they feel will bring them satisfaction.If you are going to be successful in your online home-based business you have to understand this distinction.How do you adopt the mindset of an online business-person rather than a mere online consumer? Well maybe if you understand the implications, then this will force you to adopt the correct mindset.The implications from behaving as one or the other for your business are huge. And especially so if your business is home-based and run online.Every marketer trying to sell you something online is selling you based on their perception of you as the consumer who will instinctively pick up that tempting chocolate bar at the check-out.Not as a shopper who entered the store with a list of what is required and who is going to buy only what is on that list. And certainly not as an operator of an online home-based business having specific requirements.If you operate with the mindset of the consumer, each of your purchasing decision is most likely going to be driven by the mindset of a mere consumer. Not the mindset of a business person.That is because your online activities are most likely not based on a business model that have specific requirements, but are based on a purely money-making model looking to consume business opportunities presented to you.With this mindset you morph into an online business opportunity consumer, not an online home business operator.It leads to irrational decisions based on whims and driven by sales pitches creating an unhealthy level of anxiety that end up fragmenting your efforts, your time and your financial resources, damaging to your efforts at running a successful online business.These are the ultimate consequences of being an online business opportunity consumer rather than truly being an online business operator. And these consequences are what will eventually cause you to get exhausted and de-motivated only to end up putting your faith in another crazy idea with the same outcome over and over again.You cannot afford to have this mindset if you are going to run a successful online home-based business. So before you even contemplate running this kind of business online, get the correct mindset in place and the underlying resolve that comes from a deep understanding of the consequences of not doing so.Any other approach is just courting failure.

What Is the Best Home Based Business To Start in 2013?

The first thing to keep in mind is that the best home business to start is one based on the internet. It is no secret that more and more people are buying products and services online and, as the sales of online business transactions continues to increase, sales in the offline world continue to decrease.To begin an online business from home you do not need a lot of technical skills or a lot of money to get started out. There is no age barrier, or level of education required, it does not matter about your current internet practical experience or even that you do not have any products to sell.The best home based business simply starts with no stock. So, how can you have a business without any stock to sell? Basically, you sell products and services on behalf of other people and when you sell them the product owner pays you a commission. This home based business model is called online affiliate marketing.Unlike a traditional offline trading business, an online affiliate marketer does not have to buy the stock before he or she goes on to sell it. Firstly, you find products and services which are currently popular. This can either be physical products or digital products. Digital products are those which a buyer will download directly to their computer. This may be something like an education course.Once you have found a product, you promote it to a target audience who would be interested in it. When somebody buys it, you get paid a commission.For example, you can become an Amazon affiliate (which costs you nothing) and look for a product that interests you and that people are currently buying. Let’s say for example it is camping equipment. You insert an advertisement in an online camping magazine for the latest high-tech tent which you found on Amazon. When somebody clicks on your ad and buys the product, you will get paid a commission.This is why affiliate marketing is one of the best home based businesses to start. You do not have to worry about shipping the product, holding it in stock, sorting out any returns or any other customer queries.If you do not want to get involved with physical items and you prefer to have a home based business that sells digital products, you can find a huge selection at Clickbank. This is an online marketplace that deals in thousands of digital products for many different markets. Again, there is no cost to become a Clickbank member.Keep in mind that your home based business is a business and not a hobby. It will require work and some investment. Whilst the set up costs for the best home based business are a lot less than a traditional bricks and mortar business, it will need financial commitment for such items as a website, hosting, marketing, advertising, mentoring and education.An online home based business may not appeal to some individuals as they might believe that they do not have the technical skills required to get the best home based business possible. All of the reasons for not setting up a home based business on the internet can be readily overcome if you are prepared to learn and have the determination to build a sustainable and long term business.

A Small Business Advisor Makes Good Business Sense

Let’s face it. When you’re first starting up a business, you need help and advice. Even if you have an MBA from Harvard or are an experienced entrepreneur, you need someone to bounce ideas off of and check in with to make sure you’re on track for business success.Technically, there are only three times during the life of your business when you absolutely need a small business coach: when you’re first starting up, when you’re ready to grow and expand, and when you’re ready to move on.What do most people do? They hire one small business coach to help them start up. Then, they hire another specialty coach when they’re ready to expand and, finally, another business transition coach to help them close out their business.That’s three different coaches for three different stages. And, each time you hire a different business coach, you lose continuity. Is that really what you want?After all, your start-up coach has been with you from the very beginning, through thick and thin. She knows everything about you and your business. She’s walked with you through your fears, she’s pulled from you the heart of your business plan, and she knows what dreams you secretly hold for your business.Do you have any idea how valuable that kind of knowledge is?Well, let’s say you phase out your relationship with your start-up coach, and it takes you 40 hours to bring your next business coach up to speed. At approximately $200 per hour, that’s at least $8,000. And we haven’t even added a dollar amount for your valuable time spent “training” your new coach.At that price, wouldn’t it be more cost-effective to have one business coach who could start up your business, help it grow, and stay with it through its entire life cycle?Enter, the small business advisor.What to Look for in a Small Business AdvisorWhy do we treat hiring a business coach differently from hiring a financial advisor? You don’t hire three different financial advisors-one at the beginning of your investment years, one in the middle, and another when you retire-do you? No, you hire one financial advisor with the intent of maintaining a lifetime relationship with him, from beginning investments to retirement dividends.The same should be considered when hiring a business coach. Instead of thinking “business coach”, think “business advisor.” Instead of thinking “short-term coach”, think “long-term relationship” with a small business advisor who can be with you through the entire life of your business.Do you think that’s impossible? Think again!A small business advisor is the golden egg of small business know-how. She’s not only capable of helping you write your business plan, she can carefully analyze your business circumstances, assess the business market environment, and help you develop a long-term strategic plan that will take you from start-up to exit plan.Some small business coaches are actually small business advisors, whether or not the title “advisor” is on their business card. Don’t be afraid to ask questions to find out whether or not the coach you’re considering has the desire and the skills to work with your business from beginning to end.A skilled small-business advisor has the training and insight to:· Understand your goals, your dreams, and your reasons for starting up, growing, and transitioning your business.· Create a small business growth strategy that meets your short and long-term needs.· Understand the nature of business and offer wise counsel and continuous monitoring that will help ensure that your small business is positioned for success whether the market is booming or fraught with uncertainty.Best yet, she is someone you can trust who will be with you from start to finish.What You Can Expect from a Small Business AdvisorFirst and foremost: a comprehensive approach.The first thing she’ll do is sit down with you in order to obtain a thorough understanding of your current business situation and find out what you want to accomplish.Much like a financial advisor, your small business advisor will ask you questions about your current business, the future of your business, your growth timeline, the level of risk you’re comfortable with, and the return you expect to get when you sell your business.Periodically, your small-business advisor will meet with you to revisit your business strategy to make sure your business is on track. She’ll also work with you to make any necessary adjustments. That way, you can be sure to reach your business goals.Just as having a financial advisor manage your investment portfolio makes good financial sense, having a small business advisor who offers a comprehensive, long-term approach makes good business sense. A trusted small business advisor can add an enormous amount of value by guiding you through the many complicated business challenges you’ll face from start to finish.So, take advantage of all the expertise your small business advisor has to offer. Share your dreams and goals with her to build a valuable relationship that goes beyond traditional small business coaching to encompass the whole life of your business.

X-Ray Vision For Web Marketing

Seeing what others miss
How many small business owners really have an accurate description of their web market?

The reason this question comes up is because the vast majority of business web sites do not even speak to their market. In fact, the only people the web site speaks to are company people such as owners and managers.

We can all see the company clearly in any business design, but our market is not interested in our company. They have their problems and they have no need, right now, to know what wonderful people make up this business web site.

If our market cannot see how the web site is trying to help them then help is not there. If our intention is to build a relationship with our market then the help we offer needs to be the first thing our market sees. They love this and they want this and it is the best part of our marketing.

How do small business designs block their own market?
A good analogy is found when we meet someone that only talks about themselves. We get bored instantly when we realize they have nothing of interest to offer us.

I remember growing up as a young kid and with friends we would sometimes run into this older character that bragged about his rich uncle that had a Cadillac a block long and he had to take it to the airport to turn it around.

We weren’t fooled but we got a good laugh. At least he was entertaining even if he wasn’t helpful. And after the second time there was nothing new and we got bored by his bragging because this guy didn’t care who he talked to as he just kept telling the same stories.

Isn’t this just like a typical small business web site?
Not once on the page is there any recognition of who the web market is. Not once does the web site mention a problem their market experiences and the causes for the problem. Not once is there a sense that the web site cares about the market and wants to serve that market.

No, all that the web site shows is that the only interest is in selling us something whether we need it or not. That’s their story being told over and over.

The bottom line about customer relations
As small business owners we get in our own way and totally block any communication with our own market when we focus on our product or service. Nobody is interested in us talking about ourselves and what we have to sell.

Read any business home page and it tells you about the company and why you should be impressed with the company, but you cannot find a clue as to the market. Not even with X-ray vision can you find who the market is.

Our market wants to know how we can solve their problems and we totally ignore the issue while we talk about product features and benefits. We actually think that a product description is real content – but no one cares about our product description, in fact, no one even cares about our product until they know it really has a solution to their biggest problem.

How does it feel?
How does it feel when someone ignores you?
How does it feel when someone asks you to buy?
How does it feel when someone asks us how they can help?

The last of those 3 questions is what attracts us the most. It captures our interest and our curiosity. It is just like getting a free gift because that is what it is, and we are going to benefit by learning something we never knew before.

How did we get here in the first place?
How did we come to build such poor marketing web sites? We got here by listening to web designers instead of thinking with a business mind. Web designers paid a lot of attention to us and our business and it all felt good and so we thought we were on the right track. The end result is that our web site pays a lot of attention to our business and zero to our web market.

Lesson learned
We cannot let our web designer be the one to design our web site. All we want our designer for is to do the technical aspects of building a web site. It is our job as small business owners to figure out what our web market wants and how to serve them best.

Okay, so you want ideas on how to display your helpful information and a web designer could help if they forgot all about their trendy design packages. It is going to take something different in web design to put your helpful information first, but in bite size chunks.

Navigation for information is going to take some thinking. Hypertext lists may work. Paragraph intro with hide and click drop down information may work. Hover text with slide in info may work. The real job of a web designer is to help you find and use the best means of providing information to your market.

Seeing your market
I challenge you to go look at your home page, or any other business, and see if you can figure out who the market is. Almost all small business web sites fail to identify their market and you can’t build a relationship by saying, “Hey you, look at what we have!” But you might sell if your web site said, “Hey farmer Jones, would you like a fence post that lasts 100 years?”

How do you get X-Ray eyes?
To acquire x-ray eyes you just need to look inward, that’s where you find all your insight. It’s not difficult at all and if you’ve ever been caught daydreaming then you are using insight.

We need to pretend that we are the market. We are the homeowner with a leaky pipe, or the guy with a hole in his shoe. Whatever we sell we need to be that market and wrap ourselves up in the problem that this market has. If we don’t feel the pain then we can’t talk about it, and we want to talk about that pain and how we are going to solve the problem that creates the pain.

When we then put our eyes back on our own web site we can see through the filler we thought was real web content. We can see as our market sees and we will find lots of things in need of change.

Using logic and foresight
Analysis and logic can confirm, or it can contradict the feelings and insight you have about your market. I recommend using insight and if logic doesn’t back it up then toss out the logic.

Why toss out the logic?
The web does not work with factual data like demographics. Instead, web marketing works best with psycho-graphics where beliefs, habits, Likes & dislikes, and shared values play a big role in defining a market. These are intangible and emotional values that are difficult to back up with logic.

We need to go with our emotions and intuition because they are the same tools we use when developing social skills, and our web site is sorely lacking in social skills.

Before we even think about connecting with social networks we need our web site to express its own social attitudes.

How to Promote Your Online Business Using Banner Advertising

If you are looking for different ways to promote your online business and attract more customers to your web site, banner advertising may be an option worth considering. Search engine advertising, or “pay per click advertising” as it is called, still remains the most popular website advertising solution. However, an alternative option to consider is to promote your website by utilising internet banner advertising. It is easier, cost effective and much cheaper than you think.

This type of advertising has the capability to provide more than just basic text based advertisements. With internet banner advertising you can have your logo displayed along with animation or even eye catching video. A well designed web banner advertising campaign will attract more attention and draw more customers to your website. When you choose this style of advertising, you are able to produce a media rich display that is more pleasing to the eye.

Banner advertising can be cheaper than pay per click advertising

Advertisers using the search engine advertising (pay per click) method, will only incur a cost when the potential customer clicks onto their advertisement and goes into their actual website. With internet banner advertising it works in exactly the same way. Depending on your industry and the products or services you wish to promote, it may actually be cheaper for you to choose this type of campaign over the more traditional search engine advertising option. Of course, you will have to consider the banner design cost for your web banner, but the benefits of improved brand awareness tend to outweigh the cost.

Use a mix of different size banners for your advertising campaign.

With this style of advertising campaign there are many banner sizes to choose from. These range from leader boards to sky scraper sizes. Another great feature is that there is no limit to the amount of text that you can use within your banner display. Unlike pay per click advertising, where your words and characters are limited to a certain number. This in turn only allows you to promote a reduced number of products or services and limits your advertising capabilities.

With banner advertising, your website will come alive with vibrant colors and exciting advertisements. Attracting new customers and building a solid database of existing customers is very important.

By using this form of advertising, you can successfully reach your advertising potential by drawing in thousands of customers to your website. It can really be worth your time and effort to consider this type of internet advertising for your business. Developing your online business using web banner advertising is a smart choice for any website owner to make.

Robert Smith has over 5 years experience in search engine optimisation and internet banner advertising. He is the owner of Get On Fast, a specialist internet marketing agency, based in Cambridgeshire, United Kingdom.

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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