UK Education Industry – Wonderful Investment Opportunity

Universities in the UK have been an educational Mecca for students aspiring for higher education. However, with passing time the education system in the UK is lagging behind in the modern global setup. Many OECD countries are catching up with the UK’s education standards as the UK has not been able to raise its education standards with needs of time.

The education sector of the UK can be divided into three main categories:
• School Education
• Further Education
• Higher Education

An opinion poll commissioned by public universities clearly indicates that UK residents back investment in universities to maintain quality of research and teaching. The public clearly understands that high quality universities are important for the development of individuals, society and economy of the country. Universities heavily rely on external funding to provide high quality student experiences, deliver world class research and develop highly skilled graduates needed for the development of a nation. In a tight financial environment, the government is finding it tough to provide adequate funds to universities for their research activities and innovation in ways of learning.

In today’s economy, the importance of higher education extends beyond teaching. UK universities play an important role in the country’s economy. UK universities continue to enrich and impart knowledge and understanding to students globally. International students studying in the UK bring a large amount of revenue, equivalent to 3 billion pounds, to the country’s economy. International students are important for the success of the UK’s higher education system. They contribute approximately 8% to higher education budgets and also contribute to local economies through their off-campus spending. These students studying in the UK are likely to become political leaders, captains of industry and opinion formers of the future. These links play an important role for the UK in trade and diplomatic terms.

Twenty-five percent of immigrants to Britain are students and the number is bound to rise in coming years. The influx of international students is mainly the result of marketing efforts of higher educational institutions. UK universities fiercely sell their courses to international students. Each foreign students brings around 15,000 pounds in the way of fees and living expenses. UK universities continue to play an important role in an uncertain economy. International students pay full tuition fees while enabling universities to provide subsidized education to local students. In a scenario where government funding is felt inadequate, international students bring a bounty of funds that can be used by universities to improve their education and research standards to stay ahead in global competition.

UK universities now generate about 59 billion pounds and have left behind sectors such as agricultural, pharmaceutical, advertising and the postal industry. The importance of the education sector in the UK is increasing gradually. The focus of UK universities is research and teaching. Some universities are, however, research intensive and transfer knowledge to businesses and other organizations. This procedure is called knowledge transfer, and UK universities use expertise and the facilities of these business communities in return.

Governments in different parts of the UK are encouraging universities to seek private funding. Universities establish links with businesses and industries in several disciplines in long and short-term research. Some universities have also established regional consultancy agencies to foster ties with the industry. UK universities are expected to play a greater role in the UK’s knowledge-driven economy. The global completion and requirement of funds will push universities to look for alternative ways of funding in future.

Low Cost Home Based Business Ideas

One factor that prevents individuals from starting a home based business is the start-up cost. There are businesses that can be run from home that require little or no cost to start up. This article will focus on a couple ideas that helped me and provide some helpful links to more free information. After you decide that you are ready to commit to starting your home business, then it is time to decide on what type of business.

The first type of business is how I got started making money from home. I started an internet virtual assistant business. This was very slow at first, and I did not make much money at all, but it was a neat feeling to be bringing in a little extra money from something other than my day job. The other benefit was I was able to meet and work for people all over the world. The first virtual assistant job I was able to get was for the owner of a poker company that was based in London, England. I assisted him with scheduling, running his blog, answering some e-mails and checking his voice mail and alerting him when he needed to attend to something. I made about $50.00USD per week for working about 2 hours per day.

This business had zero start-up costs and was extremely easy on my time. I as able to decide how much work I wanted to take on. That first job as a virtual assistant only lasted about a month, so I had to find more work. I used a couple different free sites to find the jobs, and most of the employers were really nice. In the end, I started hiring virtual assistants of my own and started delegating some work and easing my load.

Another low-cost home based business that is similar to the virtual assistant job is to be an online research assistant. I think most people have forgotten how to research a topic these days. So if you are good at digging up information, then you might be able to flourish as a research assistant. I was hired through the same website where I found the virtual assistant job by an attorney to research some issues regarding landlord and tenant laws. The pay was really good, and I did all the work from home. When I finished, I just e-mailed the finished product to the lawyer and that was that. It was challenging and rewarding because I was working for myself.

Home-Based Business – Choosing a Legal Structure

The most common legal structure for small business is a Sole Proprietorship for entities with only one owner or a General Partnership where there are two or more owners. Both of these legal entities make good horse sense when you are just starting out in a typical home-based business and personal liability is not a big concern.Sole Proprietorship and General Partnerships are the most popular as they are the least complicated and expensive to establish. Both, however, have the main drawback that the business owners are personally liable for business debts. This is a significant drawback as it both limits your ability to establish separate business credit lines for your home-based business and holds you personally liable for any and all debts including but not limited to judgments from lawsuits.If you are concerned at all about the potential liabilities your business may incur or think that you will need substantial lines of credit to adequately fund your home-based business, you should give due consideration to forming either a Limited Liability Company (LLC) or a Corporation.A LLC or Corporation may seem a bit over the top for you if you have what you deem to be a simple work from home business. They are both more complex and costly to form, but they do have substantial advantages.The main feature that attracts even simple work from home businesses like yours to form LLC’s or Corporations despite the increased complexity and costs associated with them is the limitation of the owners’ personal liability with respect to business debts or lawsuits. Both the LLC and Corporation, if properly established, can also offer more amicable tax treatment.Generally speaking, the LLC is the logical choice for most small business owners as it tends to provide more flexibility than a Corporation especially when you have more than one owner.A summary of the entities discussed is included below as a recap:***Entity: Sole Proprietorship***Pros: Simple and commercially attractive to form and operate. All profits or losses are reported on your personal tax return.Cons: Owners are personally liable for business debts and law suits against the business***Entity: General Partnership***Pros:
Simple and commercially attractive to form and operate. All profits or losses are reported on the partners’ personal tax returns.Cons:
Partners are personally liable for business debts and law suits against the business.***Entity: Limited Liability Company (LLC)***Pros:
Limits the personal liability of owners with respect to business debts, profits or losses may be allocated differently than the owners’ business interest, and IRS regulations allow a choice to be taxed as either a partnership or corporation.Cons:
More costly to create than Sole Proprietorships or General Partnerships.***Entity: C Corporation***Pros:
Limits the personal liability of owners with respect to business debts, benefits (ie. Health insurance, 401K etc.) are deductible as business expense, and owners may distribute profit across the owners and the corporation resulting in a lower overall tax rate.Cons:
More costly to create than Sole Proprietorships or General Partnerships, required paper work can prove burdensome, and it is a separate taxable entity which results in more paperwork.Do your research, look at all of the advantages and drawbacks of each entity as they apply to your home-based business, and consult a legal and tax professional for advice prior to making your final decision. Being well informed before you consult your professional legal and tax advisors will result in both lower fees and a more appropriate result.Good luck with your home-based business and your life.

How Do I Start a Home Based Business From Scratch?

Starting a Home Based Business is not as difficult as one would assume. However, starting a Home Based Business from scratch should be done with careful planning. Just like with a “traditional” business,Home Based Businesses should be planned with attention to detail in mind. Before starting your Home Based Business, make sure that you have somewhere in your home that is comfortable where you can work from. I would suggest a spare room or maybe your kitchen table (if there is no children. Kitchens are not favorable if there’s school age children in the home). Once you’ve established where you’re going to be working from, now its time to get the necessary tools that will help to run your business.1.ComputerWhen choosing a computer, it is best that you consult with an IT person or someone who is knowledgeable when it comes to computers. I would recommend getting a computer that has at least a couple of GB’s worth of memory and about 500MB of RAM. The thing to remember is “what” your using the computer for. If you will be surfing the NET primarily, then you won’t need all that much space-but if you’re going to be doing projects that require multiple applications, then your best bet is to get a computer that can handle such tasks as running multiple programs at once. Computers are rather inexpensive nowadays. You can get decent ones from Walmart, BestBuy, and other electronics providers.2. Fax/Scanner/Copier/PrinterThis is actually a no-brainer. You can purchase all-in-one machines that will get the job done. It is vital to be able to receive and send faxes. Customers/clients will view you as professional when you have this capability.3. Unlimited Long Distance capabilitySince your running your very own Home Based Business, you will interact with people from all over the world (if your selling via the Internet) and it is vital to have the ability to communicate with people who are in different time zones. Make sure that you get “unlimited” minutes to avoid huge phone bills.4. Business CardsThere is nothing worse that you can do to yourself and to your business than to advertise your business to people and don’t have business cards to give them. This is a complete turn-off and a sign that you are not serious about your business. People are busy and do not like to wait around while you search for a pen and paper. Aaauugghh!5. Virus ProtectionMake sure that you protect your computer against viruses and hackers. Get some good protection and make sure that it stays updated.6. Bookkeeping softwareLet’s face it. Unless you really have a lot of cash on hand, you need to keep your own books. With the latest software available such as “QuickBooks”, you can pretty much get the job done in a professional manner.7. Business Phone LineThere’s nothing more tacky than making a business call only to hear kids screaming in the background. Though you’re operating your business from home, you must remember that customers expect professionalism. Try getting a separate business line. This way, when people call the business line, you can answer the phone using your business name. Remember to work from a calm and quiet location.8. Motivational Cds and BooksI cannot overemphasise the importance of motivation. The world is filled with negative people, whether its someone on the job, in our homes, news media, or news paper, there is always an abundance of negativism to influence us for the worst. A way to overcome this distraction is through positive motivational lectures/speeches. As Entrepreneurs, we all face days where we feel like giving up. Let’s face it. We’ve chosen the road less traveled. We made the decision to think “outside” of the box, in order to gain control of our financial lives. In other words, we have gone against the grain, which will always bring difficulty, controversy, and stress. Just like cars need to be re-fueled every so many miles, we, too, need to be re-fueled with positive affirmations and inspirational messages that are designed to bring out the best that’s in us.9. Tax IDDepending on where you live and/or what your business is, you will need a tax ID number. Uncle sam wants his cut, so you have to let him know that you’re in business. The great thing about running your own business is that the tax laws favor you. People who are employees get taxed before they see their paycheck, you, on the other hand, as a business owner, get to run your business, make profits, then reallocate those profits, and pay taxes on “whats left”:)10.You need a PRODUCT/BUSINESSNow that you have the proper tools, let’s get started. If you already have a product in mind, then get started with your advertising( I will speak about advertising another time). If you don’t have a product or service yet, consider Ecoquest. Ecoquest International has been around for over 2 decades and is one of the worlds largest producers of indoor air quality equipment. Ecoquest offers a turn-key business opportunity for those who are serious about owning their own Home Based Business. You don’t have to worry about products or advertising, Ecoquest provides all of the tools you need to get started TODAY. Simply visit the link at the bottom of the page and get started on the road to owning your own business.

Running Your Home Based Business – Working From Home 1

In an article, “Running Your Home Based Business – Where You Will Work” we explored which space in your home should be used when running your home based business. For many people, the option of working from home, especially in the early days of setting up their own business, is a way of getting started without having to commit to the expense of business premises. If the business becomes successful and bigger space becomes a necessity then it is always possible to move into alternative premises. Let’s now take a look at the pros and cons of working from home as well as what to keep in mind when you decide to take this route.There are a great number of advantageous reasons to working from home. It can be particularly suitable if you plan to work part time; think of the dollars and time saved from not having to travel into the office. People who have young children or other dependents find they have greater flexibility in balancing their work commitments with their caring responsibilities. Parents get a great feeling when their children arrive home after school and they are there to welcome and spend that quality time with them that we hear so much about.It may also be appropriate, if your home premises are large enough, for you to identify a suitable space that can be dedicated to running your business. It can be especially beneficial if you can separate it from the rest of the house. We explore this in more detail in “Running Your Home Based Business – Where You Will Work”.If you are just starting your own business you probably don’t have much money available and will be working within a limited budget. Don’t let the cost of renting a business property put you off starting your own business. Working from home can help keep your start up costs to a minimum, which could prove essential to the longer-term success of your business.Working from home could prove to be a great advantage if you can sell your services to your local neighborhood. Whether you work from home or work at home, a local provider of a service will always prove more appealing to a potential customer for reasons of convenience, lower cost (because your overheads are less you can be more competitive in pricing) and the good feel factor of supporting a local business person.One very important factor in deciding whether running a home based business is suitable for you is to recognize whether you have plenty of self-discipline. Why? The temptation when working from home is to get sidetracked, and it’s so easy for this to happen. That extra cup of coffee you wouldn’t have had in the past, getting caught up listening to a radio talk show, doing those chores you forgot to do the night before; these are all sure-fire ways of not doing your work. And what happens next? Your work tasks take longer, you miss deadlines, and you are not focused.Working from home has lots of advantages. It can be low cost, which is good for your budget and eventually your profits. It can offer a relaxed atmosphere to your clients if they have the need to visit you. You can attract clients from your own area with the added benefit of none or minimum travel on your part. It is easier to start running your home based business and you have more flexibility and can organize your own time.

What Is A Property Buyer And How Can They Help Me To Get A Quick House Sale?

When making the choice to sell their home, most people immediately decide to use the traditional route – An estate agent.There are various reasons why this is often seen as the best, or indeed the only viable option out there with people often assuming it is the fastest way to sell a property, the easiest way, and the way to get the best price for the property you can. Whilst it is true, estate agents do have their advantages, they also come with a whole lot of disadvantages. Not only this, but they are also surprisingly not always the fastest, easiest or most cost effective way to get a sale. In fact, they can become quite the opposite in the long run.Many people assume selling via an estate agent will give their property more exposure and therefore a faster sale. Whilst this is true in theory, you only need one person to want your property for it to be sellable and the fact is you could advertise your house to the whole world, but that doesn’t necessarily mean you will come across that one person who matches your exact taste and wants a property in your exact location – that person might not even exist!Selling property is hard work and estate agents charge hefty fees to compensate for this, and even once a buyer is found, assuming that the sale does not fall through for any reason it can still take on average at least 17 weeks (over 4 months) to complete the sale.This is not exactly the fastest way to sell a property, especially when compared to an alternative such as a property buyer. Despite the advantages of selling directly to a property buyer, they are a much lesser known way of selling a property.So, what is a property buyer and how exactly do estate agents compare to selling direct to a one of these companies?
A property buyer will generally purchase your house within 28 days from start to finish. /An Estate Agent could take between 17-24 weeks to complete the sale.

A property buyer will purchase the property no matter what condition it is in. The style you have decorated your home in does not affect their decision to buy your home. / An Estate Agent can only market your property to a vast audience of people in the hope that someone will either match your taste, be prepared to give the whole house a makeover upon completion or even be willing to renovate the property if necessary.

A property buyer will charge you no fees and no hidden charges; they will generally pay up to £500 towards your legal fees for you. / An estate agent will typically charge you 1.75% + 17.5% VAT of the sale price in fees (amounting to at least £2000 in most cases), you will have to pay out for legal fees (usually around £500) and you will also require a HIP, around £200. Other costs include valuation and survey fees.

A property buyer will make you an offer which will be the final price you actually receive for your property – typically up to 82% of the open market value. There will be no fees or charges taking value away from this. / An offer made and accepted through an estate agent is typically only 90% of the open market value of the property. When you deduct from this all the extra fees and charges associated with a sale through an estate agent, and the fact that re-negotiation of around 2.5% is commonplace following the survey it becomes clear why a sale through an estate agent may not actually be the most cost effective (or speedy) way of selling a property!

A property buyer can give you the option to rent back the property as a tenant, a useful advantage if you need to release equity but remain in the home. A genuine and honest property buyer will NOT evict you soon after you have completed the sale so that they can sell the property on for their own advantage – indeed a reputable one will see the advantages of having a trusted and familiar tenant living in a property they have known and cared for for many years and will prefer to keep the property in this situation as part of their portfolio than sell it on at all. A company such as the one I run specializes in this. / An estate agent will not give you the option to rent back, and should you need to rent alternative accommodation, you will then need to put down a deposit for the property you intend to rent, having moving expenses such as a removal van and all the upheaval of moving to a different property.

A property buyer is capable of moving fast enough to stop property repossessions and evictions no matter what stage the seller is at. It has even been known for property buyers to get vendors back into their property after eviction. If there is any spare equity left over following the sale of the property and repayment of debts, the seller will be able to keep this. / An estate agent sale has very little hope of stopping repossession due to the time taken. If a property is repossessed and goes to auction because of this, it is unlikely the much reduced sale of the property will cover the entire debts owed and will more than likely leave the previous owner cash strapped and homeless.
When all this is taken into account, it is easy to see why more and more homeowners are choosing to sell directly to a property buyer rather than use an estate agent. With a property buyer, the whole transaction is in the hands of the buyer who genuinely wants the sale to proceed as quickly as possible, and you can rest assured that you will not have the all too familiar lack of communication often associated with an Estate Agent. Nor will you have to constantly chase them to push the sale forward faster and have to wait the unacceptable time scale an estate agent expects you to wait for contracts to be exchanged.Should you decide that this is an option for you, it is important you find a reliable and honest property buyer; I personally recommend that you submit your details to a company with a network of buyers available throughout the UK, to save you the time and hassle of submitting to several different companies. A company such as this will do the searching for you meaning again that you only have to have one point of contact which keeps it nice and simple and consequently stress free!

Residential Property Management – Local Market Knowledge Can Make All the Difference

One of the primary benefits of residential property management is the local rental market knowledge that can be difficult for a property owner to obtain. Having an established set of resources or a network available for determining fair market rental rates can be critical to ensuring your home is appropriately priced and quickly occupied in order to maximize the real estate investment. Property owner’s may simply not be aware of cost fluctuations that may be occurring naturally within the market or even identified issues that could be causing a short or long term impact on the renter’s market. A residential property manager can have invaluable knowledge to assist an investor with appropriate pricing and marketing of the rental property.

Typically real estate investors are not equipped with the database tools or metrics showing the fluctuations of local rental prices. For example, a residential property management firm would likely have access to information detailing when prices are at their highest per square foot and when they are at their lowest. This information could impact when the rental property is placed on the market and how much the monthly rental fees should be, as well as whether first and last month’s rent should be mandated, the market rate for damage deposits or pet fees.

Consulting the experience of a residential property management firm can also help to market the rental home. Spending the right amount on marketing material including advertising the rental or even holding an open house can be time consuming and fruitless for someone that is inexperienced with the process or unfamiliar with the industry tools. A residential property management firm will be knowledgeable of the right advertising location depending on the type of residence being offered.

Residential property management has an integral part in adequate marketing of a rental property. A property owner will also appreciate the expertise of a residential property manager in the areas of proper market rates for rental fees and deposits. Property owners can feel reassurance that their property will quickly be occupied with the tools and knowledge base that a residential property management company can offer.

PPC Advertising Can Propel Your Business Growth Effectively

Pay Per Click (PPC) advertising is the fastest growing segment of online advertising. According to Forbes Magazine, by the year 2012, companies will spend $15 billion a year on PPC advertising. The beauty of this marketing model is that the advertiser pays only when a consumer actually clicks on the ad and, thus, through to his or her business’s Web site. In this respect, the customer can be considered a pre-qualified lead, since he or she has already shown interest in the product, first, by typing in the search term and, second, by clicking on the advertising link. Because of its proven effectiveness, the benefits of Pay Per Click advertisements is rapidly growing in popularity among businesses both large and small. It is projected to make up nearly half of total spending on digital advertising over the next few years.

The Role of PPC Advertising in Business Today:

In today’s increasingly Web-centric world, a well-managed and optimized PPC campaign can be the most cost-effective form of advertising. Many people see the opportunities of benefits of Pay Per Click advertisements. Indeed, search marketing is the fastest-growing segment of the advertising industry, accounting for roughly $20 billion per year, or more than 40 percent of all online advertising dollars.

Ironically, part of the reason for this is the global recession. In an effort to cut costs, many corporations are reallocating their marketing budgets away from television and direct marketing campaigns to methods that are more readily measurable. The statistical programs available make PPC advertising absolutely accountable and transparent in terms of tracing the actual return on investment (ROI) per ad.

The Benefits of Pay Per Click Advertising:
The benefits of PPC advertising make it arguably the ideal form of advertising in today’s environment. Despite the network or search engine used, PPC brings certain specific benefits for businesses small and large:

- You Get What You Pay For:
With PPC marketing you only pay for every time someone actually clicks on an advertisement. This differs from traditional online advertising where you would pay for the number of times your ad is viewed. Because of this you get a much higher percentage of targeted visitors to your website for each dollar spent.

- Immediate Results:
When you set up a PPC campaign through a site such as Google you can immediately get results as you will start showing up in searches in a very short amount of time. This is often the fastest way to get seen on search engines as it can sometimes take weeks to show up in the organic search results (normal search engine results).

- Target Your Customers:
By choosing which keywords and types of websites your advertisements are shown on you can specifically target your customers. You can also customize your campaigns to show certain ads or certain wording variations based on the site or search keywords.

- Specify a Budget:
Custom budgets can be created so that you can choose how much you want to spend on certain days or months. If you sell Christmas decorations you can choose to ramp up your advertising during the busy fall months leading up to Christmas time and spend less during the summer months.

- Track Your Results:
Your PPC campaign will include a result tracking service that shows you which keywords are being the most effective for each ad. You can even get more in depth and track if a product was bought from a click.

- Advertise 24/7:
Your ads will be shown to potential customers all day. This means that even if you are a brick and mortar store visitors can still be sent to your website when your shop is closed.

- Change on the Fly:
Finding that an ad is not generating results? See a word spelled incorrectly? No problem. Simply login and either delete that advertisement or make small wording changes and try again. You can compare with try asking your local newspaper to change some wording in the middle of a print!

The Finer Points of Internet Auctions


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.


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.


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.


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.


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.

How to Find Great Live Auctions for Resale Items

Hi, my name is Walt. I’m an auctioneer with 25 years of experience in the auction business and licensed in the state of MA. I own Quick Auction Service, a company that specializes in building and running custom auctions, I’m also the webmaster of my own site and have been on eBay for 8 years. Besides eBay, the types of auctions I run most frequently are antiques and on-site estate auctions, although I’ve run everything from business overstock auctions to charity & special event auctions.

I enjoy sharing my knowledge and stories of the auction business. My goal for article is to help folks get the absolute most out of their auction experience.

Whether your fresh out of the package or a seasoned dealer I think I can offer something in this article to help you with your auciton adventures.

There may be as many reasons to attend auctions as there are types of auctions to attend. Maybe you want to attend an auction to buy items for re-sale on eBay, or some other market. Maybe you want to furnish your home with wonderful antiques, or you want to furnish your home as inexpensively without sacrificing quality.Some folks are just looking for a fun night out. With a little perseverance all these things are possible.

There are antiques and estate auctions, auto auctions, overstock auctions, absolute and no reserve auctions, real estate auctions, specialty auctions where only one genre of items are sold, tailgate auctions, live auctions, online auctions, sealed bid auctions, silent auctions, charity and fund raising auctions and many more.

Can you really buy for pennies on the dollar at an auction? You bet! Many times I’ve seen folks buy and re-sell at the same auction on the same night for a good profit, although be advised, this should only be done after the auction is over.

There are a lot of ways to find an auction, but here are some tips on how to find and attend the best ones.

Visit the genre of shops in the area that apply to the type of auction you want to attend. IE: If your looking for a good antique auction to attend, stop in the local antiques shops and ask for what there are for good auctions in the area. Sounds obvious right? But listen to what they don’t say as well as what they do say. Oftentimes when a dealer speaks poorly about an auction he or she attends, it may be likely that they are trying to keep a good thing secret. Think for a moment, why would a dealer keep attending a lousy auction?

Newspaper ads: I personally like to find ads in the classified ad section rather than flashy display ads. Flashy ads are usually indicative of an auction that will be high priced, may have reserves, (a set price on an item), and usually an enormous crowd. While any auction can be profitable to attend, it is usually best to steer clear of the glitzy ones, at least for the beginner.

Here’s the minimum you want to find out before you go. If there is a phone number in the ad, call and ask for the terms of the sale. What forms of payment do they accept? Is it an absolute auction? An absolute auction is one that has no minimum or reserve bids on items. These are the best auctions to attend! Is there a buyers premium? A buyers premium is like a tax that everyone who makes purchases at that auction must pay above the winning bid price. Most auctions these days do charge a buyers premium, 10% is not unreasonable but I feel much more than that is greedy, and the auctioneer that charges over 10% is counting on most bidders not doing the extra math as the bids quicken in pace.

A fair auction will have ample time to inspect the merchandise, usually at least 2 or 3 hours. Find out when inspection starts and make sure to attend! Never attend an auction if you can’t make the inspection, not unless your prepared to gamble. Most auctioneers sell at a rate of about 100 items per hour, which is why they sell “as is”. They simply don’t have the time to give a detailed description of all the items. Since almost all items at auction are sold AS IS, there are sure to be some damaged, refinished, fake and incomplete items at any given auction. Beware of any auctions that offer very little or no inspection time.

Good auctions will usually have 150 to 400 lots. A lot may be one item or a group of items. The exception to this are specialty auctions, auto auctions, real estate auctions etc.

When you attend your first sale, take note of the 1/2 dozen or so dealers that buy the most often. See if you can find out about other area auctions they attend.

When you do find an excellent auction, attend it as often as possible. By frequenting good sales, you help increase the bottom line of that business. It’s difficult for many auctioneers to keep the quality of merchandise consistent, so good attendance certainly helps. And when an auctioneer gets to know you as a buyer, he/she will go out of the way to accommodate you, to keep you coming back.