How Good is Online Education?

No body wants to remain uneducated in today’s world as education is considered a very important part of their lives. Education can either rise you to a certain height or cause u a downfall in the future depending on the careers you choose. Education is greatly different today in comparison to the 1950s because of advancements in teaching and other great inventions that provide easier techniques of teaching. With advancements in the today’s world a major development with education has also taken place and that is distance learning or online education.

Online education has become a widely accepted alternative to learning in the classroom. Distance education has helped students to educate themselves in a world where technology rules and fast paced lifestyles are a part of life. As the Internet is becoming increasingly popular, so does the online education gaining popularity.

There are many formats through which distant learning could be made available such as online Power Point Presentations, Videos on tapes, CD’s, DVDs, or other internet courses format that is put online. This easiest way of learning has been legalized since 1993 and is considered a new way of teaching students of all ages. Online education has been gaining popularity through out the years because of the ease of the internet. The internet has made it easier for people to stay connected and has provided people with unlimited resources on the World Wide Web. Many educators have mixed feelings about online educating because there are so many pros and cons to the issue.

Mary Kassop, an author and educationalist, gives general overview of online education and support it. He writes, Can students learn as much and as well online as they do in face to face courses? The answer to these questions is not just ‘yes,’ but one can there are many ways that online courses may actually surpass traditional face to face classes in quality and rigor”. Mrs. Kassop, as an online education supporter, is correct on the issue because it can provide a good education to many people. The convenience of online courses provide busy individuals a chance to get the equal amount of education as a student going to class and all that is needed to get started is a computer with internet access. One computer can open the gates to a whole new world of learning and excitement.

Online education now is either offered by private entities or there are many city and university colleges that offer these programs. Some Colleges and schools offer programs such as Psychology and Sociology which are equal to or even better then face to face classes. One example of a class that is better online rather than face to face is Sociology because they let the students observe human communication at public spaces without the teacher being there.

Online education could be the tool of the future to provide the young and the old with schooling and instruction. It provides a cheaper way of teaching while still giving the student the material necessary for the class. Students learn responsibility through online education and will give them a reason to work hard during the class. In general online classes will help provide many students with the education they require.

Honest Home Business – How To Start A Legitimate Internet Home Based Business Online

Have you been looking for an honest home business you can start from home? Starting a legitimate internet home based business online is easier than you may think, however, doing thorough research will help you land the business of your dreams.

More and more people are searching for ways to either supplement their income, or find ways to work independently from home. If you haven’t noticed yet, working a job won’t supply the real freedom with family and friends that you deserve. In this article, I am going to give you some tips on how to start a legitimate business, and how to be successful in doing it.

1. Give It 1 – 3 years – The main problem in starting a business, especially on the internet is the amount of time a person is willing to give it in order for it to manifest. You have to understand first off that a business is not a job. At a job, you go to work and you are paid by the amount of hours you put in.

If you don’t work, you don’t get paid. On the other hand, a business is totally different. With a business, you work on your own time and your own hours using strategic ways to gain more customers, traffic, and cash flow. The beauty of an online business is the ability to earn residual income for life.

2. Marketing Training – In order to become successful at your new found business, do your best to get your hands on some marketing training that will help you get the word out about your new venture. Online marketing as well as offline marketing go hand in hand, so make sure you master both. One important marketing component in promoting your business is making sure you have an important tool called a capture page where you can collect, capture, communicate, and close your prospects.

3. The Right Equipment – All you really need when starting a legitimate internet home based business is a computer, printer, fax, and a telephone. You can literally reach the entire world from the comfort of your own home with these particular tools. If you have the will to make it in business you will. There are a few words you need to erase from your vocabulary before getting started. The words “I can’t”, “I don’t know”, and “This is too hard” should not come out of your mouth.

Why Insurance For Home Based Businesses is Different From Homeowner’s Insurance

Is Your Home Insurance Policy Covering Your Home Business? The number of people who run their business out of their homes is increasing all the time. Some people work from their kitchen table or home office because it saves money. Others do it because they just enjoy having a 30 second commute to work. There are lots of reasons why home offices are ideal places for people to run their businesses.But one big risk that many home business owners make is to rely upon their homeowners or renters insurance. There are quite a few reasons this may not be a prudent idea. This is especially risky if you have not reviewed your home policy since you started your business.Home Contents Insurance Most homeowners policies are a package of coverage. One part of the package is home contents insurance. When you purchased your policy, some time ago, you may have estimated a value for your personal property like your furniture, TV and jewelry. But most businesses rely on supplies, inventory, computers and accounting records. If you purchased your original policy without thinking of these things, it is very likely that you do not have enough coverage.Liability InsuranceA typical home policy may cover you in case a visitor to your home claims damage. But this may not cover you in case a customer claims your business caused damage. You may need business or professional liability insurance to be sure you are not risking your assets.Relocation One very handy feature of many modern home policies is relocation in the case your home must be vacated while it is repaired or rebuilt. This feature may help you rent a motel room or apartment. This may be fine for temporary living arrangements, but probably will not provide enough space to keep running your business.How Can You Cover Your Home Based Business?Some larger insurers may present you with a simple and affordable solution. For a very small business, an additional rider for a home based business may be all you need. You may just need to increase your personal property insurance. A chat with a good insurance agent should point you in the right direction.If your business is a bit larger, you may be able to purchase an inexpensive Business Owners Policy (BOP). These policies provide a package of commercial coverage, but can be customized to your needs. They are common choices for small business owners like store owners, dentists, and home business owners.How Can You Find A Good Deal On Home Based Business or Homeowners Insurance?You can find online quote forms for homeowners or home based business insurance. You start off by entering your zip code, a few basic details, and you can be quickly matched with the top insurers who do business in your city or town. Remember that most insurers have policies and prices that differ by location, and that is why you need to look for top insurers in the place where you live or do business.

The Benefits of Using Article Marketing in a Top Home Based Business

One problem faced by home based business owners is how to successfully market their business. The importance of having a web presence cannot be over emphasised, however, it is no longer enough to just have a website without using proactive marketing strategies to promote it.In order to get visitors to your website who are interested in your product or service, an important, popular and effective form of marketing to utilise is article marketing. For anyone running a top home based business, article marketing is an important element in the marketing mix.Article marketing is a form of website promotion which allows the owner of a website to write articles and post them on Ezine Articles or other article sites for syndication. These articles need to focus on certain keywords relevant to the business that the website is promoting and are provided free of charge to those who are interested in using them.There are several benefits to using articles to market a business but the most important one is that it attracts visitors to a website and these visitors are not just random people who stray by accidentally, but are actually those who are interested in the site and may become potential customers.Another benefit is that article marketing can be used for search engine optimisation. Most people go to search engines like Google to search for what interests them. When a particular keyword or keyphrase is searched for, the websites that show up in the first few pages are usually the only ones that get any visits from that search. Very few people are willing to go beyond the first few search result pages when searching for websites that might have solutions to their problems.In order for a website to feature in those early pages, that website would have to be optimised for search engines. The process of search engine optimisation includes link building which is where the use of article marketing comes in.Most article marketing sites allow articles to be posted for free. In return, those articles are available to users to read and also re-use on their sites or blogs. If an article is well written and has a catchy heading, it is likely to get re-posted on a number of sites and if the article contains a link back to the site of the author, it makes that site attractive to search engines.The three essentials to remember are the heading, the body and the resource section. Most sites that allow articles to be submitted for marketing purposes often have several other articles in the same niche. As such, in order for a particular article to stand out so that a user will notice and take interest in it, it needs to have a catchy heading. This is what draws people to the article in the first place.After attracting maximum attention, the quality of content is what would ensure that the article will be used on another website or blog. Articles that are well written and most importantly, unique in content, are more likely to get re-used a number of times.The resource box is where information about the author including the website is posted. For most submission sites, this is the only place where a link is allowed to be placed. If the resource box is engaging enough, people tend to click through to the website.Article marketing is generally free and is a great way for home based businesses to get good levels of exposure. This is one source of online marketing that should not be ignored by anyone running a top home based business as the results can be very rewarding. It’s a marketing strategy that I would highly recommend.

Home Based Business MLM – Why Do 90% of People Fail in Home Based Business MLM?

To most people an industry failure rate of 90% is staggering. It’s important to look at that statistic and understand exactly where it comes from though. It’s also important to understand the contributing elements, in order to have a realistic perspective about a person’s chance at success. The truth is that the home based business MLM vehicle has tremendous potential for wealth building, as long as you know how to make it work.Home Based Business MLM – Where do you get a 90% Failure Rate?When we look at this statistic, it’s important first to understand the definition of the term “failure”. In this case, the failure rate has been determined by the number of people who started out and didn’t make it successful. This statistic says little about the amount of time that a person has put in or effort put forward. Also, “failure” can just mean that they gave up, they quit. If you know anything about what it takes to be an entrepreneur, you know that there are plenty of opportunities to quit. And when the barrier to entry is so low (it doesn’t typically cost much to start a home based business MLM) then people find it a lot easier to quit than to do what it takes to be successful. This does NOT necessarily reflect the viability of the home based business MLM model. The truth is that it is very strong, when done correctly.Home Based Business MLM – The Critical Factors For Success or FailureWhen it comes down to it there are only a few simple elements that, if mastered, will pretty much guarantee your success. They are these:Choosing The Right Vehicle For You – There are many options to choose from out there in the world of home based business MLM. If you are smart about it, you will choose a company who you feel not only shares your values and beliefs but embodies them. You will feel as though their principles, their leadership and their character are things that you can stand behind and feel proud of. If not, you’re out of integrity and you will NOT be successful.Working With A Team – If you set out to do this on your own, you will lose. Even if you’re the most dynamic sales person the world has ever seen, and even if you have the most incredible product or service, you will lose. The fact is that this business has a learning curve, and it relies on duplication. So no matter how good you are, if you can’t teach other people to be just as good or better, you’re done. And if you don’t know how to do that, and don’t partner with a team and a community of people who does, you’re done. It’s unfortunate that there are some companies in the home based business MLM industry who promise people all the support in the world, and then once they’ve signed up leave them out on their own.The good news is that there are other companies that operate quite differently. The highest quality companies (the ones that are here to stay, displaying stable and sustainable growth) plug people into a TEAM and a COMMUNITY of people who know how to be successful and can teach you, show you, help you. Then they help your people do the same. This is how you win.Develop An Endless Stream Of Qualified Prospects – The other sad truth is that people fail because they don’t have people to talk to. For whatever reason they just don’t have the connections, or the influence, or the networking skills to bring in the numbers. The good news here is that you can learn how to leverage technology to create a virtually endless stream of qualified people to talk to, who actually WANT what you have to offer. And they will come to YOU. There are only a small percentage of people in the industry who understand how to make this last point a reality. Partner with them.The home based business MLM industry is amazing as a tool for wealth building. Follow these simple principles, and you too will win.

Legitimate Home Based Business Opportunity – Don’t Fall For The Hype

More and more people are working from home today, a trend that is only going to become more popular in the future. Already, there are more than 52 million home-based workers, and that’s just in North America alone. According to the United States Department of Labor, as many as two-thirds of all Americans could be working from home by the year 2025. While many of these folks will be stay-at-home workers employed by companies, the vast majority of these people will have started their “own” stay-at-home business. If you are looking for a home based business, a simple Google search will display literally thousands of opportunities. Take it from me, the Internet is chocked full of get rich quick home based businesses. Do not; I repeat -DO NOT – sign up for any Internet business that claims you will be making $5,000-10,000 a month within the first couple of months. It’s just not true, as much as you may want to believe it. You are looking for a legitimate home based business; you need to understand that NONE of these companies making outrageous claims are legitimate.If you are looking for a legitimate home based business opportunity, learn the lessons from hundreds of thousands of other people who have been lured into these get rich schemes. These people have paid thousands upon thousands of dollars, only to be frustrated, disappointed and poorer for their efforts. Fortunately, you can learn from their mistakes without investing another dollar. In the beginning, like many others, I fell for several of these companies’ promises of making big bucks quickly. To be candid with you, I am embarrassed to admit that I, too, poured thousands of dollars into these companies that promoted themselves as being a legitimate business, just to eke out a couple hundred dollars a month. The one thing I did get out of all my efforts was an education in what “not to do,” and I want to pass along a few tips for you to follow in your quest.• Before investing in any online business, do your due-diligence. At a minimum, check with the BBB.• Speak to other people who are already with the company. If the company will not give you names of other people, don’t do business with them.• Don’t believe the testimonials you read. Most of them are made up, and these people don’t even exist.In summary, don’t fall for these “get-rich-quick” schemes. Due your due-diligence until you find the truly legitimate home based business opportunity you’re looking for.

Applying For a Small Business Loan

When you have ideas, plans, and desires in place, the anticipation of moving forward in operation a small business is extremely exciting. Only one thing can hold you back – money. Working with a lender and applying for a small business loan can be easy or difficult, depending on how much preparation you’ve put into the process.The lender will ask for a variety of items when applying for a small business loan1. Business Plan.If you don’t already have one, write one. Virtually no lender will consider you for a small business loan without the organization, detail, and direction you have for your business, and all of this is stated in a business plan. For information on how to write a business plan, visit sample-business-plan.org/sample-business-plan-directory.html – Don’t be afraid to hire a professional writer to write or proofread the plan for you if you’re not confident in doing it yourself.2. Loan Proposal.Nearly all lenders require a loan proposal if you are applying for a small business loan. After you’ve written a detailed business plan, your loan proposal can be written. The information in a loan proposal includes details on who you are, including your experience and business desires; how much money you need and what it will be used to purchase or fund; how you intend to pay back the loan; and what your plans are if you cannot pay the loan back in full.3. Completed Lender’s Application.Most lenders will also require that you complete a business loan application when applying for a small business loan. Your application should be very organized and presented in a professional manner. Don’t omit any details, and be completely honest about your credit history, even if you don’t have an excellent credit rating, when applying for a small business loan. Some lenders base their loans on the character of the person applying for a small business loan, and if you’re “borderline” for qualifying for the loan, your honest application can prove to the lender that you are indeed trustworthy for receiving a small business loan.4. Financial Statements.If your business is already in existence, visit the lender for your interview with two years of tax records, as well as two years of business and personal bank statements when applying for a small business loan. Not all of that information may be required immediately when applying for a small business loan, but it’s better to be prepared with the information on hand, rather than have to tell them that you’ll have to bring that in at a later date. Your tax records will show the profitability of the business, as well as detail its expenditures. Your bank statements will prove that money is coming in, and that the business is already established. If your business is yet to be launched, you still need to go to the meeting prepared with both two years of tax forms and two years of personal bank statements when applying for a small business loan. This will show the lender that you are a responsible, reliable individual, that you pay your bills, and that you file your taxes in an honest, timely, and fair manner.5. ResumeWhile not required for a meeting with a lender, it’s probably a good idea for you to have a current resume with you for the interview with the lender when applying for a small business loan. As mentioned, there will be some judgment of your character made at your loan interview. If this should come into play during the interview, you can easily present your resume to show your work experience when applying for a small business loan. This is especially important if you’ve worked in the field in which your business will be based. It’s also important in the instance that you have experience in a business-related area, such as management, marketing, or accounting, to show that you are capable of succeeding in business due to your experience in working with other businesses.The bottom line is to be prepared when applying for a small business loan:- Visit the lender with all files neatly presented and very organized.- Present information as requested during the application process and interview when applying for a small business loan.- Dress for success. Don’t show up at your meeting in jeans and a sweatshirt when applying for a small business loan.- Don’t worry if you’ve forgotten anything, and don’t get flustered. Offer to drop off or fax the requested information as soon as you leave the meeting. Offer to provide any additional information that could possibly play a role in your loan’s approval.If your business loan is not approved, don’t become frustrated. Many small businesses are declined on small business loans. Look into alternative loan sources, and don’t give up.

What NOT to Do to Keep Your Home Based Business a Success

There is a saying in the Home Based Business world (or at least a saying among my Home Based Business friends), and that is, “The great thing about the Home Based Business Industry is that anyone can do it. The worst thing about the Home Based Business Industry…….. is that anyone can do it.

For the most part, starting a Home Based Business is fairly simple. Find a sponsor, sign up, and you are pretty much off and running. But the thing that most people don’t consider is what they shouldn’t be doing in regards to prospecting, training, and running your business in general.

Don’t feel like you have to talk to everyone you come in contact with and try to sell your opportunity.

Once people start a Home Based Business, they are incorrectly trained to go out, make a list of friends and family and call them constantly about joining the business. They are also taught to always be looking for an opportunity to bring up the business opportunity in conversations. Even if they are standing in line at the grocery store, find a way to start talking to the person behind you and look for a way to bring up the business. This outdated method is still taught today, and you will see tons of information telling you it’s an outdated method, but no one really explains why. Well don’t fret, I’m here to explain why.

The reason it doesn’t work is because people are so inundated with advertising and sales pitches today, that we shut people or advertisements down in the blink of an eye these days. It’s almost like it’s human instinct now. I mean think about it for a second. How often do you fast forward through commercials on TV now that we have the ability to do so? How fast did you sign up for the do-not-call list as soon as it came out? We as a society hate being sold to. Even if it is something we might need, the minute someone tries to “sell” us something we most likely shut down and block them out. When you drive do you even notice the billboards anymore, or are they just a part of the landscape that doesn’t even enter your mind?

So if it doesn’t work why are you taught this way? Well, it’s a really simple answer. Because it’s the easiest thing to teach and it’s easy to teach it to others. Home Based Businesses leaders teach this to their marketers because, quite frankly, they don’t know how to teach any other way. They give you a script, tell you to make a list of people you know, and give you a shot in the arm with an enthusiastic “Go get’em partner!”, and they hope that the numbers will work in your favor (here is a little secret, that rarely turns out well for the new marketer). And, when they are not getting any results, they tell the new marketer to try harder. Yeah, that’s helpful, try harder, keep calling the people that won’t even pick up the phone anymore when they see your number on caller ID, there is a good plan.

They think it’s to difficult to teach new people a different way, a better way of marketing their opportunity. So they give you some watered down, out of date system that will leave you frustrated and broke. Well there is a better way, there is a more effective way, and I will talk more about that in the next section.

Do not sponsor everyone that wants to get involved!!!

Huh???

Yeah, you read that right. I mean you could sponsor everyone that wants to start a business. In fact if you love to be annoyed, bothered 24/7, frustrated, defeated and depressed, by all means have at it. Remember this line from earlier?

“The great thing about the Home Based Business Industry is that anyone can do it. The worst thing about the Home Based Business Industry…….. is that anyone can do it.

Let’s get down to brass tacks. Not everyone is meant to start, own and run a business. Plain and simple. Might not be a nice thing to say, but it is a true thing to say. A Home Based Business owner, or any business owner for that matter has to have a certain type of desire and mindset. Now I’m not saying they have to be smarter than the average bear, not the case at all, but they do have to have a specific mindset. They have to understand that there is work involved, and that growing a business takes time and energy, and it takes dedication. You can’t just expect to succeed by taking the easy route.

That being said, you as a Team Leader have the responsibility, I will even say an obligation, to yourself and to the person / people you sponsor, to make sure that they “get it”, and understand what it takes to become successful in this competitive industry. You have to make sure that they understand that, even though you are there to always help them and work as a team, that they will eventually have to work independently after they are trained. Now I’m not saying train them for 5 hours and send them out on their own, no no no, that is what the old school teachers do. I’m saying that you work together as a team, get the person trained, help them until they are comfortable, but this has to happen within reason. It shouldn’t take 5 years. I would say it should only take a month or two of regular training and close teamwork. Let me tell you something. There is nothing worse than a person that calls you 24 times a day with dumb questions, complaints, and whines constantly. This will drain you emotionally, physically and just destroy your morale. You will be miserable and in turn the person you sponsored will be miserable and broke too. Believe me, I went through it, and I promised myself that I would never go through that again. I would rather have three reps. on my team, that get the business model, have the attitude to succeed, and can work as a team as well as independently, and not be constantly dependent and need to have their hand held every step of the way, than to have 100 people that are just gonna drain me emotionally. IT”S JUST NOT WORTH IT!

So when talking to others and they show interest in becoming a business partner of yours, make sure they have the qualities it takes to run, own and grow a business. It’s not hard to figure out if they “get it” or not. Most people can figure out if a person has “it” or not. And if they don’t have the qualities, then just politely tell them that this might not be the best option for them and move on. It amazes me how many Home Based Business owners are so afraid to say no to people. If you are so worried about sponsoring people that you will sponsor a person who will make you miserable, I might suggest that you look into another type of work, because you will have a long painful road ahead of you.

Do not educate yourself constantly.

So we have discussed how many companies train you the easy, watered down, ineffective way. They teach a system that is easily duplicatable to everyone, but is hardly effective for anyone. Now, it’s not the companies fault mind you, they have to find the easiest way to get people started, but again for the person that “gets it” this will not be enough, because, well, you want to succeed, and the people that don’t “get it” won’t go past the basic training the company provides, and they will fail and quit because they won’t understand what we are about to discuss. But again, you won’t have to worry about people on your team quitting because, as we figured out earlier, you only sponsor people with the right qualifications, RIGHT?:)

You need to constantly add tools to your business tool box. There are some great programs out there to help you take you business to another level. It amazes me how new Home Based Business owners will invest in starting a new business and then not invest in their business education. Does a doctor graduate medical school and never educates themselves any further? Does a real estate agent consistently study the real estate market and it’s trends? Well the Home Based Business owner has to do the same thing. They need to plug in and study what the leaders of the industry are doing. They need to keep up on the trends and they need to invest in their education. I personally require my new business partners to purchase some of my favorite educational tools because I know it will help them in the long run, and if they don’t, they will not become a part of my team. I mean if you are not willing to invest in your education and training, how much success do you think you will have? Not much.

Be impatient.

Rome wasn’t built in a day and your Home Based Business won’t be either. It is not a “get rich overnight” thing, nothing is. People that tell you that are lying to you, plain and simple, and they do not have your best interest in mind. It takes time to build and grow a business, and you need to be ready to put the work in. How long does it take? Well there are so many factors it varies person to person, but on average I will say 1-2 years to really start making a substantial income. Is that to long for you? Well then you are not made for this business. Any professional knows that this is the general rule of thumb for any business in any industry. If you don’t have the patience to wait that long, you might want to just work for someone and and not start your own business. You also need to sustain yourself while you are building. As i mentioned earlier, if you are going to invest into starting a business you need to also invest in your education. Now I’m not talking about thousands of dollars in educational tools and trainings but there does have to be some money invested nonetheless, but the money that is invested into your education will pay you back 100 times the cost in the long run. You also need working capital for advertising, marketing and the general running of your business, again, no different that any other type of business, but remember these costs are significantly lower that most types of business, but they are things you need to be aware of if you want to own a successful Home Based Business.

Facebook Advertising Price Options

Facebook advertising has become the most effective and successful method to get the desired traffic for your business. Even better, Facebook offers two methods for paid advertising in which the advertiser can weigh the Facebook advertising price options to fit the budget. There are over 800 million users today who will support your business or brand and gain fast growing visibility over the internet. And these two price options Facebook offers is fairly reasonable, and favor the small and medium scale business, too.

Since Facebook is the most well-known social network media over the internet, many advertisers or traders want to take advantage of the site’s popularity. Although most people visit social networking sites mainly to check their accounts for personal and social purposes, they can actually become a part of you and can be instrumental for your company’s popularity.

Of course, businesses need to advertise their products or services to hopefully gain more customers, thereby increasing profits. The emergence of social networking presents an exciting new way to advertise, at a fairly reasonable price, but with your ads reaching hundreds of millions in just a matter of days or minutes, even. Now, carefully looking at the Facebook advertising price offers will help you decide which option you will be paying.

Just like the other advertising services, you are going to pay for the publicity you need for your company or business in Facebook. There are two kinds of payment for advertising on Facebook. These are the CPC and the CTR. Facebook advertisers can choose whether to bid on ads that are based on:

• CPC- “cost per click” or the amount of clicks their advertisement receives or how many times your ad is shown in the Facebook page. CPC is also sometimes known as PPC or “pay per click” on other advertising sites.

• CTR- “click through rate” or CPM for “cost per thousand impressions”. In this scheme, advertisers who select this CPM bidding are more interested into positions and brand awareness. This is a clickable advertisement which leads into concrete conversions of ad impressions. CPM is charged per impressions or feedback even without a single click of the ad.

The actual Facebook advertising price for each scheme is as follows:

For “cost per click” or CPC type of bid, your daily budget depends on how much you want to spend on that particular day. Then you are going to bid per click you receive. For instance bidding for $1. 00 per click of bid will cost you $25 budget for your daily budget.

For “click through rate” or pay for views, you can set your daily budget for a minimum of $1.00 but the default rate on Facebook is $25.00. It’s up to you in how much you are going to spend per day and then adjust whether you like to increase or decrease on the suggested cost. In every 1000 impressions, you can also bid on the maximum suggested by Facebook per impression for instance ($0.01-$0.50).

After adding your new campaign, complete the process by selecting a type of bid you are going to take. Then, schedule your advertisement if you want it to run continuously starting today or run the ad on its specified dates you want. And finally, after reviewing your ad, you can place your ad on the site.

If you avail of Facebook Ads, you have nothing to lose. The Facebook advertising price is guaranteed as is – no hidden charges. It’s the most cost-effective and convenient way to advertise your company or brand to every Facebook user in the planet.

The Finer Points of Internet Auctions

WHAT IS A PENNY AUCTION?

Penny auctions have exploded in popularity with the massive growth of the internet. However, few people know the true origins of penny auctions.Beginnings actually stretch back to the Great Depression. Those were hard times for everyone, but even harder for farmers. Farmers struggled to bring in steady income because of droughts and crops not selling as well as they had previously. As a result, the banks would foreclose on the farmers who couldn’t keep up with their mortgage payments.

The banks weren’t satisfied with just repossessing the house, they wanted to raise as much capital as possible, so they resorted to selling off the possessions of the owners of the repossessed houses. There was not much the farmers could do about it so they began bidding ridiculously low prices, pennies, on the items while threatening others who dared to bid higher than a few pennies.

The auctions of today hardly resemble their tremulous beginnings. Being part of a penny auction today is exhilarating, fun, and addictive. It combines the selling format of auctioning with a little bit of chance factored in.Auctions are a game of strategy but also a game of luck.

The premise behind penny auctions is giving people the chance to win an item at a drastically reduced price.Auctions make that possible by spreading out the cost of the product among multiple bidders. In order for a person to take part in an auction, they must pay a set price for each bid. For example, if a person wanted to bid on a fifty dollar Amazon gift card then he would spend a dollar for each time a bid placed. If he ended up winning the gift card, then he would only have spent a few dollars for a fifty dollar gift card. Usually penny auctions sell bids in packages.

HOW PENNY AUCTIONS WORK!

The main foundation of penny auctions is the pay-per-bid format. It is the key that allows bidders to win items at the fraction of their retail value and allows the auction owners to keep their site profitable. Most y auction sites run on the same premise: people pay a set amount for each bid, whenever a person places a bid within the closing seconds of the auction time will be added, the last person left with a unique bid after the clocks runs out will win the item. There are a large variety of items that can be won, but they tend to be popular electronics or gift cards to popular stores.

There are two types of auctions: lowest unique bid auction and highest unique bid auction. Lowest unique auction sounds confusing but it is actually quite simple. A unique bid is when only one person has a bid at a certain price. Bids usually start at one penny, a bidder can then place a bid at two pennies. Until another bidder places a higher bid, the most recent bidder will be the lowest unique bid because that was the only bid at two cents and nobody bid higher. However, penny auctions generally don’t stop at one penny. It is not uncommon to find auctions that end up at a couple hundred dollars based on the popularity of the item being auctioned. However, the same principles apply for those auctions. Highest unique bid auctions follow the more traditional auction format such as eBay. The person with the highest bid at the end of the auction wins the item.

Auction site owners turn a profit by selling bids. Say twenty people are bidding on a ten dollar gift card at one dollar per bid, at the end of the auction if there were twenty bids placed in total then the site owner would have made twenty dollars with a ten dollar profit.Auctions do seem like a win-win situation:The site owner makes money while the bidder gets an item for dirt cheap. However, not everyone wins in penny auctions. The people who paid one dollar each bid but left with nothing to show for their investments will not be so happy.

HOW TO WIN!

Penny auction has a lot of chance mixed into it, but one can incorporate strategy that will help raise the chances of winning. Playing smart can make all the difference between gambling and auctioning.

The first crucial tip to winning penny auctions is to know how to manage your bids. Your goal should be to win as much as possible without spending a ton of money buying bids. Managing your bids means that you should already know how much you are willing to risk in order to win an item. The amount of capital you are willing to risk will determine how many bids you can use. Once you know how many bids you have to spend on an item, then you will be better able to manage how and when you place a bid. That will keep you from blowing away all of your bids in the first few seconds of the auction.

The next tip is to practice time management. When fighting in the trenches of penny auctions, you have two enemies: other bidders and time. Knowing when to bid is a must if you want to have success. Placing a bid when there is a lot of time left on the clock is never a good idea. You have to remember that the key to winning a penny auction is being the last one standing when the clock runs out and that each bid increases the amount of time left. It would be a good practice to wait until the last few minutes of the auction before you begin to bid.

The final tip for successful auctioning is to keep your emotions under control.Auctions have a lot of similarities to gambling, and just like gambling, your spending can get out of control. If you keep your emotions level, it will keep you from making rash decisions and blowing loads of cash. Keep your mind clear so that you can gage the behavior of the other bidders and outsmart them.

HOW TO AVOID SCAM SITES!

Penny auctions are a great addition to the web whether you want to win an item that otherwise you wouldn’t be able to afford or if you simply enjoy the thrill that comes with bidding in auctions. Unfortunately, scam sites have tarnished the reputation of the legitimate penny auction sites. However, there are ways that you can protect yourself from scamers and enjoy your auctioning without having to worry about losing your money due to dishonesty.

Checking the reputation of the auction site before you start spending your hard earned money is always a good idea. Chances are other people have tried the site before you and some of them have left reviews. The reviews are your way to gage whether a auction site is trustworthy or not. If a site is getting overwhelmingly negative reviews, then that is a clear indication that you should steer your business elsewhere.

Another tool you can use to protect yourself is checking the Alexia ranks of the auction sites. Alexia rank will give a solid view of how much traffic the auction is getting. If you see a huge difference in the amount of traffic Alexia is projecting and the amount of active bidders on the site, then warning signals should be ringing in your head. Some auction sites have been known to set up robots that automatically bid on projects in order to keep the auction going and inflate the price. That is known as shill bidding. You can sniff out those sites by comparing the traffic the site should be getting to the amount of users using this site.

CONCLUSION!

New legislation may come out later down the road that will officially make penny auctions gambling, but until then, it is a fun, exciting auction that allows one to win the item they’ve always wanted but couldn’t afford.Auctions are also quite lucrative for the site owners because of the pay-per-bid strategy they’ve incorporated. Penny auctions had humble beginnings with farmers who just wanted to get back at the banks who kicked them out of their house. More recently, auctions have enjoyed an explosion in popularity with the rise of the internet.

There are two main formats fora auctions, lowest and highest unique auction, however they both run on the same premise where the last unique bid wins the item. Winning a penny auction will require a certain amount of mental tactic and a bit of luck. However, you can increase your odds of winning by practicing certain techniques such as managing your bids wisely, learning how to work with the time, and keeping a level head and your emotions under control. When you combine those three strategies to your bidding plan, you will find that you win a lot more often.

It is important that you do your due diligence to protect yourself when participating in auctions. Not every auction is run by honest and trustworthy people. There are people out there who just want to take your money. You can protect yourself by ensuring that you only bid on sites that already have a very positive reputation from real users.


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