There are lots of reasons why you should own a home based business, the main one is to make money. There are plenty of benefits to having a home based business, the ability to work at home, spend more time with family members, and create a greater income than you could ever have thought possible. Now, with all of these benefits, you must remember the things needed to start a home based business.(1) What kind of home based business are you interested in? What areas of expertise do you have? What abilities and interests will help guide you towards setting up the best home based business for you.(2) You really need to take into consideration the amount of time you have to devote to your business, and what amount of time you need to devote to your family. Remember that owning and beginning a business is more time consuming in the beginning. Allow yourself plenty of time to be with your family and to enjoy the things you like to do.(3) Have you planned out a strategy for beginning your new business. To make money, you must spend money in your business. Fortunately internet businesses have low start up cost. Talk to a financial expert on ways to adjust your personal budget with that of your business. Where should you put profits from your home business? Should they go back into the business or into a different account? These are important questions you need to ask to maximize your income.Lastly, what kind of marketing strategy do you have? Are you talking to as many people as you possible can? Business cards, flyers, telephones, and social media (Twitter, Facebook, etc.) are all important resources. When you work at home, it is essential that you take advantage of all the tools and resources at you disposal. The initiative you take to use these tools and resources will pay off in with new ideas, new ways to use current technology, and new marketing strategies to make more money online. With just a little effort and planning, you can make money online!
Real Estate Auctions – The New Land Rush
On a sunny afternoon in Florida, an energetic crowd gathers on the lawn of a high end luxury estate. A loud and eager banter between an auctioneer, a group of bidders and bidder assistants fills the air. For several minutes the auctioneer asks for the next highest bid and the bidders respond. Suddenly the bidders grow silent. The high bidder holds his breath in anticipation of winning the auction. The auctioneer calls for one more bid. In a loud clear voice which rolls over the audience he says, “Fair warning, last chance” the auctioneer pauses, “SOLD!” And in less than 10 minutes another multimillion dollar estate has changed owners.
Successful real estate auctions like the one above are happening all over North America and the Caribbean. Recently real estate auctions have been on the rise, the increase in popularity is partly driven by growing inventories and fading buyer confidence. Properties that were selling in weeks using traditional methods are now languishing on the market unable to attract buyers even as seller’s lower prices. Many say the real estate boom is over but savvy buyers and sellers are profiting from real estate auctions.
Real Estate Auctions Work in Up or Down Markets.
Regardless of trends or market cycles, real estate auctions provide an open and transparent process for buyers and sellers. Properly conducted real estate auctions attract ready and willing buyers and motivate them to act now.
The auction method removes the “wait and see” attitude which serves to further depress real estate values. Buyers are always concerned about overpaying. Buyers gain confidence with their purchases at real estate auctions because they can see what others are willing to pay.
When market demand is high and inventories low, real estate auctions can deliver selling prices well above what a willing seller would have accepted in a negotiated private treaty sale. In good selling climates many property owners using traditional real estate methods; negotiating with one buyer at a time, leave thousands of dollars of equity on the table. During up markets real estate auctions are the best way to establish top market price.
Evaluating Your Real Estate for Auction
Not every property or seller for that matter makes a good candidate for auction. First of all sellers must be ready to sell now and for the current market value. Also a real estate auction will not fix problems caused by a downturn in market value of your property, if you owe more than a willing buyer will pay, be prepared to come to closing with your check book.
Properties that do well in real estate auctions have a high uniqueness factor. Ask your self, “What makes my property different from most others?” Maybe you own a resort property or high end luxury home, commercial properties and land do very well at auction. Real estate auctions thrive on uniqueness. If your property is like everyone else’s, the best thing you can do is offer the most competitive price.
Most importantly sellers must be reasonable about setting a minimum bid. A seller must look at the lowest, most current comps and price below that to generate the interest and urgency necessary for a successful real estate auction. Once the auction begins and qualified bidders start competing against one another you can watch the selling price increase.
Locate a Qualified Real Estate Auctioneer
Start by checking with the National Auctioneers Association, the best real estate auctioneers belong to this organization. These real estate auctioneers are well trained and adhere to a standard of practice and a code of ethics. Many attend the annual International Auctioneers Conference where the latest techniques and innovations in the real estate auction industry are presented.
Find out if the company you are interviewing is a full time real estate auction firm. Many real estate agents are getting auction licenses yet have no experience with the auction method of marketing. Conducting a successful real estate auction is nothing like (private treaty) traditional real estate sales. Go with a real estate auction pro.
You’re probably better of with an auction house that specializes in real estate auctions. There are many qualified auctioneers who have generations of experience selling personal property; furniture, dishes, lawn equipment and the occasional rare painting. Selling real estate at auction is a complex matter that should only be attempted by full time experienced real estate auction professionals.
Commissions and fees may vary, sellers must pay all marketing expenses up front and buyers typically pay 10% of the sales price to the auctioneer of which a share goes to participating real estate agents.
Types of Real Estate Auctions
Auctions are effective because they create a seller’s market. Professionally conducted real estate auctions create urgency, a reason to buy today and competition for the property. Terms and conditions of sale are established ahead of the auction. Real estate auctions will follow one of these three approaches:
Absolute Auction
The property is sold to the highest bidder regardless of price- using this process often returns the highest sale price.
Minimum Bid Auction
Seller agrees to sell at or above a published minimum bid price – this method is useful for internet auctions.
Seller Confirmation or Reserve Auction
With a reserve auction, the seller “reserves” the right to accept or decline any bids usually within 48 hours of the auction. Reserve auctions are used when there is a lien on the property from a lender or a court ordered sale with a minimum selling price.
Digital Entrepreneur and the Online Home Based Business Opportunity
Does Financial Success or An Online Home Based Business Require an MBA?Several months ago I started my online home based business. I was brought up at a time and in a family where education was a given. My father was a successful lawyer so my mother never had to work. It was a given that when I completed my private school education which my father worked hard to provide for me, that I would attend college.In my world at that time there was no other conceivable possibility. You graduated high school and then you went to college – Period. So I did. The first year was a miserable failure and I left after it and began my working career. I would ultimately go back to college and finally get a Bachelor’s Degree in Political Science, while I worked.So here I am, over thirty years after high school, having worked all those years. The most money I ever made on a job was a salary of $52,000 per year. The last company I worked for, I rose from Controller to the underpaid President and the company shut down. Now I am one of the millions of unemployed Americans.I, like many millions of people, looked for an opportunity to create an online home based business. I have been at it for a few months. My success is growing. I picked internet marketing and network marketing because I enjoyed blogging in my last job. I also had been spending time studying internet marketing on my own. Today I belong to a couple of network marketing organizations and have my own blog, which I post to almost every day.I have become an entrepreneur, and like many online home based business entrepreneurs, I am driven and committed to success. But success does not come easy in the online home based business arena. My primary products are the network marketing programs to which I belong. They provide the opportunity to achieve financial success by following a specific program of internet marketing and entrepreneurial education, and marketing the programs to others looking for a business opportunity.Network marketing has been around for a long time and despite its negative reputation, it is a viable business model that can lead to tremendous financial rewards. I have seen, and personally know a number of people that have achieved amazing success in an online home based business of network marketing. Many did achieve this incredible level of success through hard work, but without a college degree.There are many things you need to learn to become successful at internet marketing or network marketing as an online home based business. But you don’t have to go to an Ivy League college and spend five or six years and $200,000 to learn what you need to know. You don’t need an MBA or even a bachelor’s degree to be a success in network marketing.You can learn how to make an amazing living by joining these network marketing companies at a fraction of the cost of a college education. Now there are millions of people looking right now for a business opportunity like an online home based business. To achieve success in network marketing, like any other business, requires an investment.Just like college is an investment in yourself that you or your parents pay for, joining a network marketing program is an investment in yourself for which you must pay. There are no free lunches. Starting an online home based business requires and investment of time and money. It is that simple.But when you compare the value of the investment you make in a network marketing company that provides you with the system, tools and education that allows you to create unlimited success and wealth, with the value of a college education, you might be surprised.If you are an entrepreneur or want to be an entrepreneur with your own online home based business, you need to have the skill set and mind set of an entrepreneur. I suppose you can get most of it going through college and graduate school, spending years and tens or hundreds of thousands of dollars. Or you can cut to the chase, so to speak, and get the education, skill set, and mind set much quicker and for a lot less money. And while you are learning and developing you are making money.This is the reality of our world today. This is the reality of the knowledge based worker era. You get to choose your path in life and you have to live with the results. No way around it, success requires work. But the path you choose is up to you. One way or another if you want to achieve financial success today, you need to invest in yourself. If you don’t you limit your opportunities in life.You can invest in a college degree and hope that you are able to find a job. You can work for somebody else your whole life and watch all the benefits go to the owner. Or you can invest in yourself and join a network marketing program with unlimited earning potential and the satisfaction of owning your own online home based business.