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Differences in the Types of Auctions That Take Place Around the World

Auctions are those events where properties or goods are sold to the highest bidder. Auctions are mostly public events, where bidders make a series of bids and purchase a particular item for a high price. During auctions, bidders decide the price of an item rather than the seller. It depends on bidders to decide the amount they would want to pay for a specific item. During an auction, a bid is a proof of a legal binding. Bidders agree to pay the amount that they have bid. In a high profile auction, bidders may have to pay a deposit in escrow accounts or give a proof that they can pay for those items.

Types of Auctions:

Different types of auctions take place around the world. Below mentioned are some types of auctions:

1. English auction:
This is a basic type of auction. In this type, people can see the item and then start bidding. Bidders slowly raise the value of their bid until everyone gives up. The highest bidder is the winner. An auctioneer manages an auction, keeps records of the on going bid and decides the winner. Sometimes, the seller will quote a minimum amount for an item to the auctioneer, below which the auctioneer cannot sell that item.

2. Dutch auction:
In this type, the auctioneer sets a particular price and then gradually lowers the price. People in public will start bidding and later decide which prices are suitable for the item. A seller may use this type of auction to sell large quantities of same products to the public. For instance, a seller may want to sell a large amount of hay and will thus, decide to sell this hay to people for the same amount, once a reasonable price is decided.

3. Silent auction:
In this type, the bidders in public will present their bids in a sealed format. These sealed bids open at the same time and bidder with the highest bid wins. There could be a modification in this type of auction. The bidders are allotted a specific period to bid. They can roam in a room displaying the items, and write their bids on an associated sheet of paper. The bidders are allowed to see bids of other bidders and can choose a higher price for an item. At the end of the allotted time, bidder with the highest bid is the winner.

Examples of Auctions:

Auctions can be of two types either public or private. Sellers may trade any kind of items in both types of auctions. Some areas where auctions take place are:

1. Antique auction: An antique auction consists of a trade opportunity as well as provides entertainment.

2. Collectable auction: In a collectable auction, the seller may put up collectables like coins, vintage cars, luxury, stamps, real estate, and luxury for sale.

3. Wine auction: In wine auction, bidders can bid for rare wine, which may not be available in retail wine shops.

4. Horse auction: Bidders can bid for young horses of the best breed.

5. Livestock auction: In livestock auction, bidders can buy pigs, sheep, cattle, and other livestock.

The other examples of auctions may not be public. These auctions are for bidders from corporate levels. Some examples of private auctions are:

1. Timber auction
2. Spectrum auction
3. Electricity auction
4. Debit auction
5. Environmental auction
6. Auto auction
7. Electronic market auction
8. Sales of business auction

Bidders in an auction need to examine the items displayed and decide an appropriate price for an item. Thus, auctions help buyers in getting the best deals and in gaining better profits for sellers.

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Road Map to a Home Based Business For Women

Whenever we think of a computer geek, we tend to imagine a young man in thick dark rimmed glasses peering into a computer. However, women have also made gigantic strides into the world of technology. Closer to home and keeping technology in mind, a home based business for women is probably the next emerging trend. The male dominated ranks of “Internet Gurus” is starting to fill up with women, with increasing numbers of women owning websites dedicated to providing the necessary tools that are conducive to online success. More than men, women are embracing the internet community and the numerous advantages of a home based business for women are especially enticing to women.* Stay at home practical benefits:The freedom of choice can become exhilarating, although a drawback can be complacency. Time management and fervent dedication to a goal are essential qualities that should be mastered early on. Being able to stay at home can sometimes be doubly beneficial to women over 50 since they can perform chores such as providing home day care for children (either for their family or for financial gain) and still have the time and stamina to manage a home based business for women. Since practically all fields of interest can be open to women in the online world, the initial step should be to review personal expertise in a specific field and stick with it once the decision is made.One of the biggest mistakes that beginning online marketers make is not to let a certain direction have the opportunity to take hold. Just flitting from one promising opportunity to the next can easily lead to wasted time and money. The emotional benefits of staying at home are not to be understated either. Brainstorming the merits of a certain home based business for women with loved ones can lead to enhanced closeness and helping others make money is a gratifying experience in itself. Not having to answer to a demanding boss is a dream finally come true.* Financial benefits:Beyond the obvious value of making money from a home based business for women, the immediate financial benefits come in the form of reduced travel expenses, dry cleaning or meal expenses associated with working outside the home, clothing, shoes or cosmetics expenses, to name a few. Having the extra time to peruse newspapers or the internet for special deals on needed items will also result in additional savings.* Tax advantages:Having a formal home based business for women will make you eligible to deduct a percentage of your home expenses, such as mortgage, utilities, property taxes, homeowner’s insurance, repairs or improvements, and finally depreciation. For this purpose, having a tax professional, such as an accountant, conduct a formal evaluation would be money well spent since these types of tax deductions tend to raise your IRS audit score.* Skills enhancement:Running your own home based business for women will force you into learning new skills as you become the sole decision maker and will have to be knowledgeable about all the aspects of running a successful business. Remember, you are the CEO. Working from home typically involve low or very low overhead costs, thus budgeting for your business will be less stressful. Online work budgeting commonly consists of training course and marketing costs that are strictly controlled by you.Overall, a home based business for women can be of terrific value, just keep in mind that this is WORK; juxtaposed to the brick and mortar world, this work can sometimes be combined with pleasure.

How To Generate Home Based Business Leads Offline

Having any type of business is all about marketing. Regardless of what anyone says having a profitable home based business is all about effective marketing. How do people know your in business if your not marketing your home business? People think that marketing is expensive and that you have to have a degree to be effective at profitable marketing. I want to dismiss this myth and share with you some cheap and effective ways to market your home based business and start generating leads starting today.

Guerilla Marketing 101

To make a lot of money with your home based business you don’t have need a marketing budget of a large corporation. Let me share some ideas and tips on how you can effectively market on a shoe string budget.

The first step with any marketing strategy is identifying your target market. With your home based business this is pretty easy. Your target market is anyone looking to earn extra income outside of their job. You can even narrow it down further then that and target stay at home mom’s,professionals, young people, etc. Second step is addressing a certain problem which is lack of money. Then you want to address how they can solve this problem through your home based business. And lastly having a call action whether it be calling a toll free number or even a online website. You can bring offline prospects online!

Offline Marketing

The best place to generate leads for your home based business is in your own back yard. Some people want to hide behind the computer to generate leads, but you need to get out there and start networking locally. Network marketing is all about meeting new people and creating relationships. Here are some easy ways to generate leads locally.

Sizzle Cards

Sizzle cards are business cards that are tiny billboards about your opportunity. An example of what one might say is this

“Do You Want To Earn More Money?
Earn $2000 to $5000/month without leaving your job!
Call 888-888-8888 (recorded info) to learn more!

See short and sweet, it addresses a problem which is earning more money, then it tells them how much they can make with your home based business, and lastly to call the number to get more info. Now you’ve generated a lead and for pennies! You can get these through your company or a 3rd party vendor with a generic message.

Yard Signs

You’ve seen these when your waiting at a light at a intersection. Those little signs with some sort of advertisement. This is a great way to generate home based business leads and they are a bigger version of the sizzle cards. These work 24/7 as long as someone doesn’t have them removed! It’s the same concept as the sizzle card and it’s really cheap as well.

Car Signs

Turn your cars back window into a mobile billboard for you home based business. Imagine someone sitting behind you in rush hour traffic coming from a job they hate and they see your sign. Think they might call? You bet they will! Turn your back window into a moving sizzle card! This works really well if you drive a nice car and you can even put a ad like this.

“Want To Drive A Car Like This?
Call 888-888-8888(recorded info) to learn how!

Newspaper Ads

Post a classified in any of your local papers. This is a really cheap and effective way to generate leads for your home based business locally.

Networking Groups

If you go online you can find all kinds of networking groups in your home town. This is a great way to meet people that are professionals and are looking to network with other people. Be cool here, don’t vomit all over people about your business keep it professional and ask for their business cards and exchange yours with them as well. If you make a good impression you can call them later and invite them to take a look at your home based business opportunity. One good site to network with people is YAP(young active professionals) They hold local networking events at local places like bars,restaurants, and other venues. Get out there and meet new people!

These are all examples of ways you can generate leads for your home based business and hopefully gave you some ideas and how to get started right away. You can become creative with this and might even come up with some new ideas of your own. Bottom line is that you always want to market,keep it consistent, and find out what works for you.