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.
Real Estate Auctions – The New Land Rush
On a sunny afternoon in Florida, an energetic crowd gathers on the lawn of a high end luxury estate. A loud and eager banter between an auctioneer, a group of bidders and bidder assistants fills the air. For several minutes the auctioneer asks for the next highest bid and the bidders respond. Suddenly the bidders grow silent. The high bidder holds his breath in anticipation of winning the auction. The auctioneer calls for one more bid. In a loud clear voice which rolls over the audience he says, “Fair warning, last chance” the auctioneer pauses, “SOLD!” And in less than 10 minutes another multimillion dollar estate has changed owners.
Successful real estate auctions like the one above are happening all over North America and the Caribbean. Recently real estate auctions have been on the rise, the increase in popularity is partly driven by growing inventories and fading buyer confidence. Properties that were selling in weeks using traditional methods are now languishing on the market unable to attract buyers even as seller’s lower prices. Many say the real estate boom is over but savvy buyers and sellers are profiting from real estate auctions.
Real Estate Auctions Work in Up or Down Markets.
Regardless of trends or market cycles, real estate auctions provide an open and transparent process for buyers and sellers. Properly conducted real estate auctions attract ready and willing buyers and motivate them to act now.
The auction method removes the “wait and see” attitude which serves to further depress real estate values. Buyers are always concerned about overpaying. Buyers gain confidence with their purchases at real estate auctions because they can see what others are willing to pay.
When market demand is high and inventories low, real estate auctions can deliver selling prices well above what a willing seller would have accepted in a negotiated private treaty sale. In good selling climates many property owners using traditional real estate methods; negotiating with one buyer at a time, leave thousands of dollars of equity on the table. During up markets real estate auctions are the best way to establish top market price.
Evaluating Your Real Estate for Auction
Not every property or seller for that matter makes a good candidate for auction. First of all sellers must be ready to sell now and for the current market value. Also a real estate auction will not fix problems caused by a downturn in market value of your property, if you owe more than a willing buyer will pay, be prepared to come to closing with your check book.
Properties that do well in real estate auctions have a high uniqueness factor. Ask your self, “What makes my property different from most others?” Maybe you own a resort property or high end luxury home, commercial properties and land do very well at auction. Real estate auctions thrive on uniqueness. If your property is like everyone else’s, the best thing you can do is offer the most competitive price.
Most importantly sellers must be reasonable about setting a minimum bid. A seller must look at the lowest, most current comps and price below that to generate the interest and urgency necessary for a successful real estate auction. Once the auction begins and qualified bidders start competing against one another you can watch the selling price increase.
Locate a Qualified Real Estate Auctioneer
Start by checking with the National Auctioneers Association, the best real estate auctioneers belong to this organization. These real estate auctioneers are well trained and adhere to a standard of practice and a code of ethics. Many attend the annual International Auctioneers Conference where the latest techniques and innovations in the real estate auction industry are presented.
Find out if the company you are interviewing is a full time real estate auction firm. Many real estate agents are getting auction licenses yet have no experience with the auction method of marketing. Conducting a successful real estate auction is nothing like (private treaty) traditional real estate sales. Go with a real estate auction pro.
You’re probably better of with an auction house that specializes in real estate auctions. There are many qualified auctioneers who have generations of experience selling personal property; furniture, dishes, lawn equipment and the occasional rare painting. Selling real estate at auction is a complex matter that should only be attempted by full time experienced real estate auction professionals.
Commissions and fees may vary, sellers must pay all marketing expenses up front and buyers typically pay 10% of the sales price to the auctioneer of which a share goes to participating real estate agents.
Types of Real Estate Auctions
Auctions are effective because they create a seller’s market. Professionally conducted real estate auctions create urgency, a reason to buy today and competition for the property. Terms and conditions of sale are established ahead of the auction. Real estate auctions will follow one of these three approaches:
Absolute Auction
The property is sold to the highest bidder regardless of price- using this process often returns the highest sale price.
Minimum Bid Auction
Seller agrees to sell at or above a published minimum bid price – this method is useful for internet auctions.
Seller Confirmation or Reserve Auction
With a reserve auction, the seller “reserves” the right to accept or decline any bids usually within 48 hours of the auction. Reserve auctions are used when there is a lien on the property from a lender or a court ordered sale with a minimum selling price.
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?