There are lots of reasons why multilevel marketing is one of the most attractive businesses available these days. The obvious one is the high average income the network internet marketer may receive. It’s so effective that lots of successful companies used the MLM strategy and continue to do it. This type of business is designed to construct and develop multi-billion dollar empires.Is multilevel marketing an accessible job?The response to that question is that many average individuals are already working for some good MLM home based companies. Are you one of these people? If you’re not, now is a great time to build your own MLM business or join an already established one.Many people made a wealthy living by taking a chance in MLM home-based business when the industry was still young. Nowadays, multilevel marketing has become a thriving industry, regardless of all of the negative publicity it receives in media, from anti-MLM fanatics. The people involved in MLM recommend it as an excellent choice for those thinking about a home-based business of their own.Do you need additional earnings?The answer to this question is most likely yes. Everyone desires an additional monthly income. One apparent solution would be to get a second job, be it a full-time job or just a part-time one. This may sound like the easiest solution, but it actually isn’t. A second job requires a lot of effort and energy, not to mention a lot of precious time. Usually the money earned from a second job can hardly make it for all the hard work it implies. However, there’s another way. You can start focusing on your personal home-based business using MLM as a perfect business choice. You can entry the market for pretty much nothing, which is a major plus.Getting involved and active in multilevel marketing has become very easy… Anybody can start it, even without a cent to purchase the launch. The important thing besides getting started, is to be patient and work hard until the business begins returning profit.Many legitimate MLM home based business possibilities will help you start for less than $100.These businesses will give you all of the tools and systems necessary for you to develop, evolve and of course, bring profit to the company. You just need to add in effort, working commitment, and persistence towards the MLM home based business you’ve chosen.Make sure to work with a well-established company that provides quality items or services by having an excellent management team and support for their marketers.To conclude, multilevel marketing is a wise business choice for anybody wanting to begin working at home. It costs absolutely nothing to join, you receive a proof as if you would have purchased a franchise, and you will see the profit in a very short time, usually in just a couple of weeks or even earlier. Therefore, if you want some more earnings while working a day-job, in order to increase your retirement earnings, then you definitely should consider employment through an online multilevel marketing business. And that is in fact, self-employment, a chance for your own home based business.
Fight the Economic Meltdown With a Home Based Business Opportunity
Home based business is better any day than a conventional nine to five job. Many people have been losing their jobs in the last year due to the heavy recession all across the globe. People have started looking for other options that could save their families from a financial crisis. The best way to deal with this economic catastrophe is to start a home based business opportunity.
Have you ever thought why home based business is the choice of millions of people? Quite a large number of people find it to be the best model to work on. In United States itself more than 36 million people are working from home. What qualities and benefits of this model attract millions of people?
Get to Spend More Time with Your Loved Ones
Working from home gives you personal freedom and that is what attracts a lot of worldwide population. You get extra time to spend with your beloved ones. Picnics, outings, shopping and other activities can be managed easily which you normally don’t get to do in between a conventional nine to five job. This does not mean that you have less work or you can take your business lightly.
Home business gives you flexibility in scheduling your life and so that you get a chance to spend fruitful time with your family and loved ones. You have the liberty to decide what is good and bad for your own company which you don’t get in your normal job. You can learn a lot and utilize your time the way you want to, for the benefit of your business.
Be Your Own Boss
In a conventional job, you may feel that your boss is an evil person sitting right on your head with a whip in his hand. People love the thought of being their own boss in a home business. You can work the way you want to and feel comfortable doing it even while wearing your pajamas.
As a matter of fact when your business expands, you will need to hire people. In that case you will be the boss who takes the responsibility of your organization and employees. You will need to learn how to make your own decisions which will help your business grow. You will be able to achieve a greater control over your life.
What will help you to succeed in your home based business?
Home business is definitely better than the normal office jobs, but it is not an easy task by any means. About 90 to 95 percent of people fail in their home based business. They do not realize what it takes to sustain in the market and build a profitable business.
- You have to be disciplined in life in order to build a successful business.
- Dream big to stay motivated all the time. It takes courage to dream big.
- You will need to keep an open and positive frame of mind to be able to see new opportunities.
- Dogged determination to keep you going through any situation is a pre-requisite for any kind of business.
- Positive attitude will help with in your personal growth and benefit your home business opportunity as well.
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.