Are you looking for a way to supplement your current income, or to start a new career? If so, then you should certainly consider launching an online home-based business. Here are some of the key benefits of such businesses:ConvenienceIf you are looking for a convenient job, then an online home-based one is definitely one of the best ones you can choose. Unquestionably, one of the most convenient aspects of such jobs is that there is no commute. Instead of taking a traditional highway to work, you can take the Information Superhighway instead! And while Internet traffic might be heavy at times, you’ll still save a ton of time and effort that you’d normally spend commuting between your home and an away-from-home office. If you have an online, home-based business, all you need is a computer and an Internet connection.CostTypically, the start-up costs of a new business can be quite staggering. That’s due to various types of expenses, including rent, salaries, equipment, materials, and so on. You can save a small fortune by starting an online home-based business. In fact, your start-up expenses might only include a PC or laptop, and an ISP. You could then spend the savings on overhead costs, to expand your business. The bottom line is that an online home-based business can improve your company’s bottom line.IndependenceIf you are tired of taking orders from a boss, then how about becoming your own boss? That is another benefit that you can enjoy if you choose to start an online business at home. Yes, extra responsibility will accompany extra independence. But if you’re willing to take on those duties, then the additional freedom you can enjoy is certainly worthwhile. As your own boss, you can make crucial decisions such as when you will start working during the day, how many hours you will put in, and so on. Having those options will definitely make working not only more bearable, but better.SecurityMore specifically, online home-based businesses provide outstanding job security. As long as your company is in the black, you will have a job. That definitely provides an edge over traditional jobs, which have become particularly vulnerable in today’s global economy. Many companies are strictly concerned about maximizing their profits, so creating and sustaining jobs oftentimes is not their highest priority. Yes, there is always a chance that your online home-based business could go kaput. However, you will have more control. And that power can definitely be an incentive to make your business as profitable as possible.PotentialOne of the main benefits of online home-based businesses is that you can basically write your own paycheck. After working decades in a traditional job, you could be “rewarded” by getting a meager pension and a plaque. On the other hand, an online home-based business can give you a better chance to achieve your financial goals. In fact, you ultimately might have the opportunity to retire decades before the traditional retirement age. You could start enjoying your golden years several years before your hair turns grey.
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.
This One Little Mistake Could Keep You From Success in Your Network Marketing Home Based Business
Being a Home Based Business Entrepreneur has so many rewards that goes along with it. But at the same time there are many personal responsibilities that come with the job. Now as a Home Business owner you are the one in charge. You are the boss. You are the CEO. YOU ARE YOUR BUSINESS. So basically the decisions that you, and you alone make will be the difference between a very lucrative business or one that’s in a tailspin.
Now a big part of being a Home Based Business Entrepreneur is that you have to be able to spot problems, find solutions for those problems, and make the necessary adjustments. Remember you don’t have a boss looking over your shoulder telling you how to solve each and every problem. It is up to you to figure it out.
Now in Network Marketing the key element to success is being consistent in your marketing. That means you have to expose your business on a daily basis. Now here is that little mistake that so many Network Marketers make. ( Myself included) Hey I’m not just making this stuff up. I’m speaking from personal experience. And that mistake is ROUTINE. Plain and simple. You have got to get into a ROUTINE. Now in my business it took me awhile to figure this out, but once I did and corrected the problem, it wasn’t long before I noticed a huge jump in my income.
Now back when I started my Home Based Business I was still working my full time job. So I knew all about routine. Out of bed each morning at 3:45. Work a long ten hour shift six days a week. Come home and spend some quality time with the family. Hit the gym for exactly one hour. Come home, shower, have dinner, and then work my business. Then at exactly 9:15 go to bed. Now I’m telling you all of this just to illustrate the fact that with this structured routine I was working my business on a constant basis everyday. And success in my business came pretty quickly.
Now to further illustrate my point six months after I started my Network Marketing Home Based Business, I took an early retirement from my job. Just started a whole new life. I moved the family from San Francisco down to the Los Angeles area. This made my wife really happy because now she was close to her family. But then something strange happened. The profits in my business started to shrink. Now I did not hit the panic button. But being a Home Business owner I knew I had to figure out the problem and correct it. And you know when problems come up in your business 9 times out of 10 it is something that just requires a minor adjustment.
So it took awhile but I figured out what was causing my problem. After retiring from my job I had lost my structured routine. I realized I was getting up at a different time each morning. Going to bed too late. And basically working my business when I felt like it. In other words my business took a dive because I lost that one key element CONSISTENCY.
So these days I am back into a routine. Out of bed at 6:30, get the boys up and drive them to school. Come back home and have a light breakfast. And then I like to do something for my daily dose of spiritual inspiration, I love watching this TV minister Joyce Meyer. After that it;s off to the gym for an hour long workout. When I get home it’s a quick shower, a quick snack and at exactly 11:00 I sit down at my desk and go to work. And I usually finish up around 3:00.
So happy to say I am back in the money. So in closing I want to say this. In this business you will have a state of the art, cutting edge business system, receive education and constant training from the industry leaders. But it is extremely important for your success to do your part on a daily basis.