Online Computer Education Degree Options

Computer technology has spread through practically every part of today’s society from individual use to corporate use. This creates a need for skilled computer professionals who are educated in the numerous fields of computer technology. Many online schools offer education in a wide range of degrees connected to computers.

The degree options range from computer science to computer engineering. Because technology continues to advance at a fast rate education in the field is continuing to grow. With computers in almost every home, company, and organization educated skilled professionals are needed to manage computer software, engineer a computer, set up system security, and more. This fact is making the occupational growth within the industry well over the national average compared to all other careers.

Accredited online schools offer diverse programs with the advantage of earning an education while staying at home. Students will be able to take courses that fit into their commitments and job responsibilities. This allows students to earn an education at their own pace. However, many online programs and courses have a time limit and extensions on a course may result in a fee.

Computer science is the study of computers and their languages, applications, and designs. Students gaining a degree in this area will also study the mathematical structures that make up a computers computation. Students wanting to work in the computer industry have many different educational paths to choose from. Some colleges online offer degree distinctions as high as a doctorate in computer science.

An example of a computer science program is a computer systems security master’s degree. This concentration will train students to become computer security specialists that implement security measures and protect organizations from attack. Courses will educate students on computer systems security, security policies, formulation, design, and more. A program at this level may require 44 credit hours or more to complete depending on the program a student is enrolled in. Cost per course may be around $630. Some schools include the price for textbooks and required material in that price, but many online schools list these materials as a separate expense.

Computer engineering is a discipline that involves design in many different avenues related to computers and the Internet. Students interested in this field of the industry can find themselves working with online media and web 2.0 websites. Some schools offer degree concentrations in this area called emerging or new media. A degree program in this concentration may offer courses that teach a student how to integrate content and communication into strategies for businesses, entertainment, education, and more.

Degree options will continue to grow as computer technology is incorporated into more houses, businesses, and organizations. Students seeking an online computer education will find numerous courses and degree programs that will properly prepare them for success in the computer industry. Make sure to properly research all available programs. Verify the program is accredited and will provide you with not only the necessary skills but a quality education that meets or exceeds industry standards. Search out online computer education schools today and you’ll be on the right path to a rewarding career.

Simple Ways to Start Your Home Based Business Information Centre

Don’t let that hard earned degree go to waste. Put up your own home based business information centre and provide quality information to those who need it the most. The operations of a business centre aren’t that difficult to handle. All you need is a working phone, an Internet connection and information. All these three basic necessities of a home based business information centre aren’t that difficult to put together. Use the knowledge that you know to the fullest. You might even be able to help people along the way.

Use your technical knowhow to answer people s questions. It really doesn’t matter what field you want to work in. All areas of expertise in the world are in need of advice. Also, all of these areas are bound to have beginers who are still in the process of learning. This assures you of a constantly existing market that you can provide service to. Even if you create a home based business information centre for popular hobbies like photography, needlework, cooking, or running, you are sure to find individuals in need of information on simple how-to’s. If you are knowledgeable in technical things like that of engineering, mathematics, home repair or electronics, why not use it extensively with a home based business information centre. Provide quality information to those that need it the most. You can even be an online tutor for graduate students when it comes to subjects. Don’t be afraid to expand your horizons.

You can market your home based business information centre by posting it online. Simple social networking site ads do so much when it comes to promotion. In fact you can even have your friends promote it for you so that you cover a larger ground.

Your big break is just waiting to happen. Get started and grab that opportunity today.

Why is Network Marketing a Good Option For a Home Based Business?

Are you considering starting a home based business?One of the businesses which I strongly believe to be lucrative is network marketing. According to the projected numbers of the network marketing plans, no other businesses seem to provide massive financial growth with such a small investment.Operating within a team is surely a better option than operating solo. You might not have the team members around you all the time like in the offices, but they will all be operating towards the common goal. Network marketing continues to create many online entrepreneurs when compared with any other home based business.Is this business model right for you?

If you consider network marketing as a business opportunity, you should first identify if you are getting into a legitimate network marketing company or some fraud. After a proper research and weighing the positives and negatives, you’ll need to consider if that business is the right one for you.The network marketing businessThe process involves direct selling of products or services through endorsements, recommendations, or as independent affiliates. The affiliates receive commissions on the sale of the products or services.One of the main selling points of MLM is that they do not advertise through mainstream media or in different stores. Then other attractive fact is that, you get a portion of revenues or commissions even when your teammates close their respective sales. This is a classic example of residual income.The advantages of MLMThere are many positive points about network marketing which have really worked for a lot of people:
You will be working from home where you can set up your own hours of work .You make your rules and there are no fixed hours. You can plan your schedule according to your convenience.

You will be selling goods which have already been manufactured by reputable companies. A business plan will be presented to you and all you’ll need to do is take up the plan and market it. This makes your work all the more easier than starting from a scratch.

Most of the good MLM plans come with proper planning on taxation and therefore you will not need to worry too much about keeping personal accounts in the sense that they will keep a running tab of how much money you made during the year.

No prior experience is required to join the network marketing business. You can rely on your personality to build your own team. You will need to be consistent and committed to gain maximum benefits.

Another advantage of home based business is that the taxes are much lower than what a regular person pays. Many of your home expenses can be actually claimed as the office expenses which can come handy when you file your tax returns. You might need to check on your local taxation rules for more clarity.

Network marketing is all about building relationships and the most rewarding advantage is that you will be helping people achieve their dreams which in turn will work out well for you as well
I truly consider this concept as one of the best home based businesses where anyone can get started with a low budget. Building relationships is paramount to the success of any business, including this model. When so many people work towards a common goal, it is bound to eventually succeed.

Home Based Business Leads – 9 Reasons You Should Never Buy Them

If you ever plan to succeed in network marketing you absolutely have to master the skill of exposing a lot of right people to your unique business opportunity. Still too many people today are trying to solve this problem by buying home based business leads and eventually find themselves run out of money, frustrated and without a single soul that joined their business. In this article I’m going to show you exactly why your business can quickly disappear should you decide to invest money in home based business leads.Reason #1 You spend too much money instead of making moneyThe reason you got involved in network marketing in the first place was to make money. Yet buying leads is going to cost you anywhere between 4 and 7.5 dollars and even more per lead. If you were to succeed with this strategy you need to spend AT LEAST 500$ a month with results not even close to what is possible in this industry.Reason #2 The leads are generic and not interested in your companyThose leads are created when they fill out a survey and what it means is that they are in general interested in home based business opportunity most of the time out of simple curiosity. They are not interested specifically in your opportunity and most of the time does NOT want to work in network marketing company in the first place. So calling those people is like trying to sell a hamburger to a vegetarian.Reason #3 Facing rejectionWhen you call these leads you send a signal that you need them, that you want to sell them something and you are going to face a lot of rejection. Don’t take it personally, it’s just because those leads are not targeted.Reason #4 You are killing your timeIt’s not worth your time and effort to call every single day to 100+ leads. Trust me on this you’d better spend your time with the family instead of chasing people over the phone.Reason #5 It’s not duplicatablePut your team in the position of spending a lot of money, facing a lot of rejection, and piling up their debt and you are going to get the perfect recipe for going out of business before it even started.Reason #6 You are doing the sorting process yourselfWhen you call home based business leads you are like the answering machine asking the same questions, repeating the same information many times in order to sort through all the sand in order to find the gold. No one promised you an easy life, right?Reason #7 Creating relationships with people you don’t now it’s toughPeople that you’re calling don’t know you so don’t expect them to listen to you just because you called them.Reason #8 You are not the only one who calls those leadsMany home based business lead companies promise you that you get the most responsive, high quality, unique leads. However since it cost them money to generate those leads, and they want to make a profit, they sell the same leads to 8 other people. Don’t be surprised when someone tells you that you are the number 5 person who called him today.Reason #9 You are chasing peopleThis is the most important reason of all. When you call those people trying to convince them to do something for you, you are perceived as someone who needs them and it’s not so attractive. You will see how much of a difference it is when people are actually chasing you. I hope now you understand why it’s a mistake to buy home based business leads. If you are buying leads right now, it’s not your fault. You just haven’t been taught way more effective ways to market your business.I couldn’t possibly state all the reasons in one short article. If you want to get more information on how to avoid buying leads and get your own free targeted leads, make sure to follow the links right below.

Why Starting a Small Home Based Business Needs Planing

You know you can spend thousands or even millions of dollars starting a brick and mortar business. This is especially true if you purchase a franchise such as McDonald’s or something like that. This eliminates most people, which then leads them to the Internet looking for ways to start an opportunity there.According to some sources, getting great home based businesses started is so simple even a baby could do it. This can be true, however there are a few things you must keep in mind. Let’s take a look at those in this article.1. First of all, starting and running a home-based business online is easy to do. There are many business models, such as affiliate marketing, which even help you get started for free, or nearly free.You can get some other great home based businesses going for under $90, such as a network marketing business. Therefore, many people are drawn to the Internet as a way to start a home based business utilizing these opportunities.2. The amount of money that can be made online today is staggering. It truly is possible for an ordinary person to create a full time income online, if they start their home based business in a niche where people are spending money.This is one of the keys that must be kept in mind however. To dramatically improve the chances of your business succeeding, take the time to pick an area where people have disposable cash, and are prepared to spend that cash.3. You do not need a lot of experience to get started; however you must develop Internet marketing skills if you expect to make money. Many people overlook this fact, and never become adept at marketing their business online.There are a lot of things to think about, ranging from the name of your web-domain, your blog, to ways of generating traffic to your site, like article marketing and using pay per click advertising. Because this takes time and effort, many people will start a home-based business, but then give up and quit.4. If you were to start a McDonald’s franchise for several million ,chances are you would work as many hours as it took every week to make that succeed. Applying this great work habit in an internet enterprise is one of the main ingredients to building internet based home businesses that last.Because you are your own boss, you determine when you work and how you will do it. An online business run from home can be especially suitable for those of you who are very good at motivating yourself.As you can see starting a home based business is very easy, but making money from it, and turning that into a success is a little bit harder!

Property Auctions Encloses Seized Property

Seized property auctions takes place when the property is seized by the government with regards to the crimes made by the particular person. Seized property auctions property takes place, when people make crimes then the government seizes the property and it will be listed for auction in property auction. Seized property will be listed for sale in property auctions as per the judgment made by the government for the criminal act made. Generally any property seized by the government will be listed for sale in the property auction and it will be sold for reasonable price consideration. For seized property auctions, auction information will be listed on the online property auctions websites.Investment houses, residential home, commercial property and repossessed property and so on are the different kinds of seized property listed for sale. UK property auctions are well known for its different kinds of seized property auctions for reasonable price consideration. Seized property auction constitute different kinds of properties seized may be residential homes, investment houses, commercial property. Generally seized property auctions will be sold for highest bid in the property auctions to pay off the debts. Seized properties will takes place when the borrower fails to pay mortgage to the lender within the prescribed time or when the person involves in the criminal act his properties will be seized.The property seized from the person will be sold to the buyers who are interested to purchase the seized property for reasonable price consideration with regards to highest bidding in the property auction. Online auction websites are available which displays auction information of different seized properties accurately and properly. Buying a property auction provides more benefit to the buyer who purchases the property from the auction. Generally, every property which seized by the government will be listed for sale only in seized property auctions or property auctions. Seized property auctions will compile with the statutes, rules and regulations of the government.Property auctioneers will be available in the property auctions to the helps the buyer and seller of property and with the help of the property auctioneer the property can be sold easily in the property auction for reasonable price consideration. Real property auction takes place for most of the times and when proper guidelines have followed while bidding for the seized, then the property can be purchased from the property auctions. The value of the Seized property will be based on the market price during the time of seize. Generally all seized property auctions will be subject to terms and conditions of the respectable state from where the property is seized.

Why Property Management is So Important

If you happen to own a piece of property, commercial or personal, it is essential that you manage it well. With economic crisis or tough market conditions, it is important that your property is well cared for. A property is a lifelong investment both financially and emotionally and you cannot afford to lose it under any circumstances. If you are too busy or stay away from your property to look after it yourself, you always have an option of hiring a property management company to take care of your property.

Property management not only helps in managing your property but also acts as a regular earning mechanism. You property management regime should include 3 steps like:

*Marketing the property

*Smooth daily functioning and maintenance

*Keeping a tab on proceedings

Your property can be rented/ leased out to suitable consumers or if you are ready then it can even be sold out. To ensure that your property is visible to the target customers it is important that there is a marketing plan in place. The marketing plan should be able to attract and ensure a steady supply of good quality tenants. It is also important that the marketing plan is effective in retaining these tenants through good quality service. Lastly the property should remain well maintained and attractive for future tenants who might be interested in the property.

The day to day functioning of the property is something that your property management company will take care of. They will collect the rents on time, hire maintenance service providers. They should also ensure that these maintenance service providers are low cost and reliable, so as not to cause any harm to the property.

Reporting about your property to you is of prime importance as you should be aware at all times about the status of your property. You can ask for a report/ analysis from the property management company, on a regular basis, that reflects the work done so far and about the next level approach for the property. The property management company should also give you a yearly plan or advice on how to improve your property.

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.

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.

Hiring An Auction Company

Estimating your assets value:

Typically, one of the first questions a business owner will ask me is, “how much will the assets bring at an auction”. After taking the time to review the assets, the auctioneer should give the client a conservative estimate of the sale based upon his experience and the current market trends. It is important that the company give realistic expectations so the seller can make informed decisions based on their best interest.

Compensation and Expenses:

Is the company you are considering working for you or against you? The agreement you decide may determine this.

A business owner should carefully consider how the auction company is compensated. The most common commission structures include: straight commission, outright purchase of assets, guaranteed base with a split above to both auctioneer and seller, guaranteed base with anything above going to auctioneer or a flat fee structure.

In a straight commission structure, the company is paid an agreed upon percentage of the total sale.

In an outright purchase agreement, the auctioneer simply becomes your end buyer. The company purchases your assets and relocates them. While this can be an option in some unique situations, keep in mind that they will want to purchase your assets at a very reduced price to make a profit at a later date.

In a minimum base guarantee, the auction company guarantees the seller that the auction will generate a minimum amount of sales. Anything above that amount either goes to the auction company or split with the seller. While a seller might feel more comfortable doing an auction knowing that he is guaranteed a minimum amount for his sale, keep in mind that it is the best interest of the auction company to secure a minimum base price as low as possible in order reduce their financial liability to the seller and secure higher compensation for the sale.

In a flat fee structure, the auctioneer agrees to show up for the sale and call the auction. There is no incentive for the auctioneer to get the best prices for your assets. The auction company is compensated regardless of the outcome of your sale.

What is the best option for business owners? In my experience, an agreed upon straight commission structure. This puts the responsibility on the auction company to offer the best outcome for everyone involved. There is an incentive for the auction company to work hard for both parties, set up and run a professional sale, get the highest bid and sell every item on the inventory. Successful auctions translate to a higher bottom line for both the seller and the auction company.

Auction Expenses:

In most auction agreements the expenses to conduct an auction are passed to the seller. If the auction company pays for the expenses, it is simply absorbed in higher commission rates.

All expenses should be agreed upon in advance in a written contract. Typical expenses will include the costs of advertising, labor, legal fees, travel, equipment rentals, security, postage and printing. A reputable auction company will be able to estimate all expenses based upon their experience in previous auctions. An agreement should be actual costs charged as expenses, not an estimated amount.

Advertising is typically the highest cost in conducting an auction. The auction company needs to set up an advertising campaign that will promote the sale to its best advantage and not overspend to simply advertise the auction company.

Once the auction is complete, the auction company should provide a complete breakdown of all expenses to the seller, including copies of receipts within the auction summary report.

Buyer’s Premium:

What is a buyer’s premium? If you attend auctions regularly, you are very familiar with this term. The auction company charges a fee to the buyer when they buy an item at auction.

The buyer’s premium has been around since the 1980′s and is standard auction practice. It was first used by auction houses to help offset costs of running brick and mortar permanent auction facilities. Since then, it has spread to all aspects of the auction industry. It is prominent in online auctions and allows auction companies to cover added expenses incurred from online sales.

It is the responsibility of the auction company to provide clear disclosure of the buyer’s premium to both the buyers and the sellers. Those not familiar with auctions are often taken back by the buyer’s premium. They looked upon it as an under handed way for the auction company to make more money. Reputable auction companies will provide full disclosure within the auction contract, advertisement and bidder registration.

Typically, an auction company will charge online buyers a higher buyer’s premium percentage than those attending an auction in person. Extra fees are incurred with online bidding and are charged accordingly to online buyers. This provides the seller a level playing field for both online buyers and those attending the auction in person. Without the buyer’s premium, there is no way to do this.

Pre-Sales:

We’ve all been there. We’re looking forward to attending an auction only to find that some items were sold prior to the auction date.

As an auctioneer with over thirty-six years of experience, I can honestly state that pre-sales will hurt an auction. When a company decides to liquidate their assets, it is easy to sell off high-end pieces of equipment through online sources, equipment vendors or to other businesses. The seller receives instant cash and avoids paying a commission to an auction company.

Auctioneer’s find themselves appearing to acting in a self-serving capacity when potential clients say they are planning to sell off parts of their inventory prior to an auction. It’s hard not to consider the auctioneer’s commission when they warn you not to pre-sell anything. Yes, the auctioneer wants to earn a commission on those sales but it is more important that the auctioneer protect the sale from potential negative backlash that comes from pre-selling. The buying public knows when an auction has been “cherry picked” prior to the sale and it reflects in their bidding. It becomes a sale of “leftovers” and that impacts prices.

A buyer who purchases prior to the auction usually does not attend the sale. They already bought equipment at a good price with no competition. If they do attend the auction, they tend to let others know of their great pre-sale purchases which again, impacts prices and the overall excitement of the sale.

It is important to understand that auctions work best with a complete inventory. You want competition on your higher end equipment. The easy to sell items make it possible to gain respectable prices for hard to sell items.

When a business owner decides to liquidate their equipment assets, there is only one opportunity to do it right. Hiring a reputable auction company will assist you with a professional, orderly and timely liquidation.


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