Online Teaching is the Effective Way to Pursue Education

The real meaning of online teaching is to draw up a lecture of a teacher instead of attending class room education. The world has transformed into global village and information technology makes it possible to transmit message from pole to pole. So, distance education makes it possible to bring online teaching to your threshold and at your finger tips.

In the occidental countries most of the people who used to be busy like a bee and failed to finish their desired education in the nick of time got their degrees by online study. Online teaching method enabled them to pursue learning in home following work. Virtual teaching functions like that. Because, now-a-day, it is almost impossible to achieve   greatness without being of service. All the great men and women became great since they have contributed their talents and abilities to the service of mankind. Online teaching system became great through their convenient and flexible method of education.

Teaching online has multi dimensional facilities via online examination, online lecture, and flexible audio-visual lecture, CDs, DVDs and advanced research methodology in terms of education texts and scripts. So, people are more turning to education since online teaching brought up multifarious facilities and made learning a pleasant experience. 

Virtual teaching is undoubtedly a boon to any nation. The progress of a nation cannot be brought about by keeping its people illiterate. Illiteracy hampers the development of a country seriously and so online teaching system enables people to develop and learn many things. Knowing how to apply scientific method in the field of education is necessary for any educational institute.

So, to remove illiteracy, it is our painful duty to spread information about online teaching so that no one remains illiterate in any part of this planet. Online teaching is a complete way to gather knowledge, and developing the world into a global village. Therefore, we should encourage people to follow online teaching system and have the benefit of teaching advantages.  

We must be proud that in this age we are able to gain access to education online thru convenient teaching facilities with the advancement of information technology.  You can study whenever you want and wherever you want. This will give you flexibility so that you can you can imbibe whatever you study without any time pressure. Online education is the lone path that can bring a nation to the peak of prosperity by eradicating illiteracy.

Internet teaching is cost effective, flexible, and very easy for learners. Now electronic technology has ushered too many online teaching facilities for busy people and it is that kind of boon in which people are coming up. So since people have access to online education and they too can learn any course they want at a very affordable price. You can know of many online colleges by visiting any educational site. Surf the internet and you can find many accredited colleges that offer online education. In this age of science and technology, distance education has come as a boon to the students.

Home Based Business – Why Working From Home Is The Best Business

If your ultimate goal is to make money online, then working from home is one of the best options you can choose. One popular home-based business these days, is an online business. Although you can do this from the comfort of your home, it still requires hard work like any other business. Don’t be fooled into thinking that if you simply set up a website, that you will be making tons of money overnight. Basically, this is not about get rich quick schemes.

In order to be successful with your home-based business, you will need to be dedicated, motivated and stick to a steady schedule. You must discipline yourself to put the time in and not give up if you don’t see immediate results.

I usually dedicate at least 2 to 3 hours every day toward my online business. Now it may seem like a lot of time, but just think of how people will work eight hours a day for someone else. Starting out you will need to put even more time in before you can let it run itself. It’s no different than raising children. As you nurture your online business, you will slowly notice that you will not have to put as much time in as you did in the beginning.

So you may be wondering, why is working from home the best business?

#1) You can start work whenever you like. Setting your own hours is one of the biggest benefits to having a home based business. If you find that you are more focused during the morning hours, then work in the morning. If you’re a night person like myself, then work on your business at night.

#2) You are the master of your income. There is no limit on how much money you can make especially on the Internet. Again, if you put the work in, you will eventually reap the benefits of all of your work. There are no salary caps like regular jobs have.

#3) Make money on autopilot. I remember when my online business grew to the point where I would wake up in the morning and see e-mail notifications of sales that were made from my many websites. Making money on autopilot is one of the biggest thrills of having a online home based business.

Dangers of Starting Your Own Home Based Business

In recent years, the work at home buzz has spread like wild fire. Many people now see working from home as a viable alternative to keeping a Nine – Five job. But the downside to the work from home fad is that so many people who have tried it have gotten their fingers burnt and have been left worse off.The reasons: Lack of discipline, a clear vision and information.You see, a business is a business and should be taken seriously, irrespective of whether you choose to operate it from within an office or from your bedroom. I have seen many people quit their day jobs to embrace the work from home option. These same people then begin to treat their business with levity devoting only about a couple of hours each day to work. Then they wonder why they end up broke just a few weeks after.Let’s face it there are lots of distractions at home – Kids, Television, Friends and even the kitchen. If you are to effectively work from home, you most determine and device a way to block out all distractions while you are working. You need to learn to turn off the TV and ask not to be disturbed when you are working. Let everyone around know that you only get to play after you’ve done your work for the day.Another form of distraction when it comes to working from home is indecision. The truth is there are many home based businesses to choose from. Lots of people from the habit of wandering from one home based business to another and then yet another. Such wandering would definitely end in frustration.Before you decide on a home based business, review your options, pick a model you can work with, and then decide to face that business head-on forsaking all others, and that is the only way to succeed.

Home Based Business – Things to Consider Before Starting a Home Based Business

Different people have different ways of looking at a home based business. However, it is imperative that one be very keen before taking this huge leap of faith. Whether one wants to start the business at full throttle or starting slowly and growing gradually are possibilities that can all work. Both of these options though viable require advance preparation if one expects their home based business to be a success.Planning for a home based businessA home based business in spite of being based at home goes through different stages. It is essential for one to take some time to consider every single aspect that could crop up once the business is up and running. Before starting the business for instance it is expected that the person will have to consider what kind of business they want to set up. The information age and more so the coming of the internet has brought with it many possibilities. People are able to start and run almost any kind of business from their homes. There are numerous examples of what comes to mind when a home based business is mentioned. These include forex day trading, real estate brokerage, notary, advertising as well as sales and marketing. These are only the very few examples in the ocean of business ideas that one can opt for.In making the choice on what home based business one intends to start, this should in turn be guided by several factors. The cost of starting and running the business and the expected returns are some of the prime targets any potential entrepreneur. Most people forget to ask themselves if they have the necessary knowledge in running the home based business they wish to start. Not that it can stop anyone from running a business. After all everyone learn many things as go though different experiences in life. Business is no different. However knowing the skills you need is important so that one can embark on refresher courses should such a need arise. Another factor that should weigh in on the kind of home based business to start is the expected returns that one is likely to make. Businesses are started to make profits hence the need to be sure that one will make returns on whatever enterprise they come up with.Other considerationsMoney is an important consideration in starting a home based business. Not only does one expect to make profits but they also need to spend some capital so as to put themselves in a position where they will generate income. In most circumstances, the size of business one operates always determines the profits they are likely to make. However, if the business is started on small scale basis it does not imply that it will always maintain that state. One can always expand it as it grows to a size that they will be comfortable with it. Aspiring business persons should also understand the kind of input that they will be expected to provide for their business. In addition to the capital the use to start the home based business they will also require to put in plenty of time in running the enterprise. Furthermore, there may have to be plenty of adjustments in the home to suit the business they intend to start. One may have to move some furniture or could end up converting one of their rooms into an office.

Property Investor Strategy Series – Part 2

This is our second article in our 4 part series that will show you how to use the current property market conditions to make immediate profits, create positive cash flow and also how you can reduce your overall risks by using sensible strategies.OK in this article, we explain why you should be focusing on rental income to generate you positive cash flow month on month so you can still make a profit even if property prices are falling.There can be no doubting that the UK property market is going through a tough time and that property prices are slowly falling in many areas. If truth be known, no one can really tell what will exactly happen in the future but even though you cannot control what happens to the property market, you can make sure that you make a profit from your property investments and here is how.With buyers becoming very nervous about buying and mortgage lenders being very strict on who they will lend to, this means that many people (especially first time buyers) will not beable to afford to get onto the property ladder. However, if people are not buying they will rent instead until conditions improve. And with this in mind, we fully expect rental demand to increase over the coming months as many choose to rent and wait until property prices fall or until the credit crunch eases.This extra demand, along with falling house prices means that rents should slowly increase and rental yields(rental returns) will be more favourable. This will create a great opportunity for property investors to focus on buying properties and targeting certain tenants where their investments will generate good positive cash flows month on month. This is a very powerful strategy to focus on in a falling market because no matter what property prices do, you are still making money from your investments and you know that in time, conditions will improve and property prices will rise once again.But this is only half the story! If you are going to focus on this strategy, you must have a good understanding of the tenant market and understand the main tenant types that dominate the market. There are 5 main types of tenants and each one will have their own requirements for a property and preferred locations within a town or city. The 5 main tenant types are as follows;Key Workers; Such as Teachers, nurses or doctorsStudentsYoung ProfessionalsYoung FamiliesProfessional SharersNow this is the important bit; In order to make sure that you let your property out quickly, maximise rents and minimise void periods, it is important that you buy the right property in the right location for the right tenant. It is also important to analyse where the highest rental demand is for a location and then satisfy that demand with what the market is craving. For example, if you want to target key workers, you should buy properties close to local schools or hospitals and buy a 2 bed flat or small terrace house that could accommodate possibly 2 tenants as these tenants like to share to save on costs.If you are targeting the student market, it is important that you buy a property that is located close to the university campus and focus on buying a 3 or 4 bed terrace property or converting a property to accommodate 5 or more students.So before you buy any properties, make sure you understand the local tenant market fully, and buy the right property in the right location for the right tenant.Another way that you can increase rents for each of your properties is to offer properties fully furnished. A fully furnished property will always command a premium in rent because a tenant can literally move into the flat and not have to worry about buying furniture etc as it is all there.This concludes our second article in our special 4 part property investment strategy series. One of the key elements of successful property investment is to focus on rental income and focus on generating good positive cash flows from your property portfolio. So no matter what happens to property prices, you can be sure that month on month, your property investments are making you money.

Have a Rental Property – Consider Hiring a Property Management Company

Property Management Companies come in various scales that could start from small until the largest scale mostly facilitated by multi- national companies. Depending on the size of your property, these companies can serve as a medium for very good business venture that can attract a lot of potential tenants who also look forward to in expanding their business. The basic services that a property management provides are collecting rent, filling in vacancies within the property premises and taking care of the handling of repairs.

Property management companies works in providing the daily needs and maximizing the use of the property including minimizing vacancies also for the use of different companies who decide to put up businesses in the property. They are responsible in helping out their customers to maximize their investment.

Property management companies earn more because they are paid in the percentage of rental income. That is why it could be a very good business opportunity if you own a large scale of property available for big companies to check out and probably put in their businesses also. If you’re property is smaller, chances are, companies may not see it so much of a potential to earn income and profits.

There are a lot of things to consider when you are into property management. Property management though needs to be updated in terms of sales prices, management staff and accounting reports. They earn more when the property is bigger but if not, they can still earn from it but it could already be in flat rates. Property management companies have a lot also to take into consideration when a client comes in and decides to rent within the property premises for their business, important consideration should be the management fees, maintenance staff, working relationships, legal staff, reporting, vacancies and even advertising. They are also responsible in the credit check of their tenants.

In order to attract tenants and fill in vacancies, the property management companies take charge in finding possible tenants who will take spaces within the properties. If not, they also advertise in different forms of media to advertise your property. They take into account possible people who offer different services that will cater to their demand in establishing a place for a conducive environment within the property. The property management company also sees to it that maintenance is being taken care of and has contacts already to people who do provide these services. They are also responsible in collecting rents and would need to present a report on the financial activities made. Overall, they are responsible in the maintenance of the properties in terms of perseverance and financial allocations.

A good property management company is an asset to an investor. This would save them a lot of time and the effort of maintaining their business, since the investors will not have to manage it personally but this would be managed already by the management company. They are not only focused on the maintenance of large scale properties but can also cater too to medium and small sized scale businesses.

Advantages Of Internet Advertising

When we talk of Internet marketing, it contains several things. Email advertising, web banners, advertisements on web 2.0 sites, advertisements on manufacturer’s web portal, pop-up advertisements, advertisements through World-wide-web affiliates – they’re all an element of online advertising.

The benefits of Online Advertising

Broad Reach

When it concerns reaching very many clients, no different medium can defeat the Internet. Internet promotion has broken almost all geographical restrictions which existed with other mediums. Global organizations, tiny local organizations, anyone and every person can increase their product sales and profits by online promoting. This is definitely on the best of exclusive features of advertising on the net.

Target Oriented

With online marketing, you will find websites which cater to a certain people who have some specific interests or who participate in a specific age group. You can find activities sites, medical sites, technology websites, social networking sites which are basically mostly frequented by youngsters; religions sites, travel websites, and so forth. Thus, Internet marketing techniques gives businesses a way to reach people who would be specifically interested in buying their product or service. For example, a new cell phone available in the market will find it is possibilities if advertised in a technology or a social network site.

Quick Conversion Process

One of the actual foremost benefits is that this conversion time with the advertisement into a buy is amazingly less. All the advertisements on the net have links which allow the customers to pick the product there. This in ways hikes the profits of any business.

Highly Helpful

From the consumer viewpoint, certainly one of the benefits is that they’ll know in detail about the product, its characteristics, durability, method useful, etc. With many advertisements, you can find business colleague reviews available and help a business partner to make an educated decision in terms of purchasing a product.


Another advantage is it is very cost-effectual. Just like other mediums of marketing, let it be the idea television or print, you really should not say for sure whether the consumer who’s watching or reading the advertisement is certainly planning to pick the product. But through pay per click traffic advertising, a marketer will be paying only when the client visits his web or looks through the product that has sold. So, comparing from this perspective, Internet advertising costs are much less.

An easy task to Work with

All type of associations, even the people who may have just started off, will see advertising online much easier. With other advertising mediums including television and printing, businesses need to hire the services of the advertising agency to make appropriate advertisements for them along with buy advertisement place in newspapers or even T.V.s. With web advertising, each one of these headaches will not exist. Even a business that is just a day old can advertise its services online, by starting its own website.

The Finer Points of Internet Auctions


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.


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.


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.


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.


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.

How to Find Great Live Auctions for Resale Items

Hi, my name is Walt. I’m an auctioneer with 25 years of experience in the auction business and licensed in the state of MA. I own Quick Auction Service, a company that specializes in building and running custom auctions, I’m also the webmaster of my own site and have been on eBay for 8 years. Besides eBay, the types of auctions I run most frequently are antiques and on-site estate auctions, although I’ve run everything from business overstock auctions to charity & special event auctions.

I enjoy sharing my knowledge and stories of the auction business. My goal for article is to help folks get the absolute most out of their auction experience.

Whether your fresh out of the package or a seasoned dealer I think I can offer something in this article to help you with your auciton adventures.

There may be as many reasons to attend auctions as there are types of auctions to attend. Maybe you want to attend an auction to buy items for re-sale on eBay, or some other market. Maybe you want to furnish your home with wonderful antiques, or you want to furnish your home as inexpensively without sacrificing quality.Some folks are just looking for a fun night out. With a little perseverance all these things are possible.

There are antiques and estate auctions, auto auctions, overstock auctions, absolute and no reserve auctions, real estate auctions, specialty auctions where only one genre of items are sold, tailgate auctions, live auctions, online auctions, sealed bid auctions, silent auctions, charity and fund raising auctions and many more.

Can you really buy for pennies on the dollar at an auction? You bet! Many times I’ve seen folks buy and re-sell at the same auction on the same night for a good profit, although be advised, this should only be done after the auction is over.

There are a lot of ways to find an auction, but here are some tips on how to find and attend the best ones.

Visit the genre of shops in the area that apply to the type of auction you want to attend. IE: If your looking for a good antique auction to attend, stop in the local antiques shops and ask for what there are for good auctions in the area. Sounds obvious right? But listen to what they don’t say as well as what they do say. Oftentimes when a dealer speaks poorly about an auction he or she attends, it may be likely that they are trying to keep a good thing secret. Think for a moment, why would a dealer keep attending a lousy auction?

Newspaper ads: I personally like to find ads in the classified ad section rather than flashy display ads. Flashy ads are usually indicative of an auction that will be high priced, may have reserves, (a set price on an item), and usually an enormous crowd. While any auction can be profitable to attend, it is usually best to steer clear of the glitzy ones, at least for the beginner.

Here’s the minimum you want to find out before you go. If there is a phone number in the ad, call and ask for the terms of the sale. What forms of payment do they accept? Is it an absolute auction? An absolute auction is one that has no minimum or reserve bids on items. These are the best auctions to attend! Is there a buyers premium? A buyers premium is like a tax that everyone who makes purchases at that auction must pay above the winning bid price. Most auctions these days do charge a buyers premium, 10% is not unreasonable but I feel much more than that is greedy, and the auctioneer that charges over 10% is counting on most bidders not doing the extra math as the bids quicken in pace.

A fair auction will have ample time to inspect the merchandise, usually at least 2 or 3 hours. Find out when inspection starts and make sure to attend! Never attend an auction if you can’t make the inspection, not unless your prepared to gamble. Most auctioneers sell at a rate of about 100 items per hour, which is why they sell “as is”. They simply don’t have the time to give a detailed description of all the items. Since almost all items at auction are sold AS IS, there are sure to be some damaged, refinished, fake and incomplete items at any given auction. Beware of any auctions that offer very little or no inspection time.

Good auctions will usually have 150 to 400 lots. A lot may be one item or a group of items. The exception to this are specialty auctions, auto auctions, real estate auctions etc.

When you attend your first sale, take note of the 1/2 dozen or so dealers that buy the most often. See if you can find out about other area auctions they attend.

When you do find an excellent auction, attend it as often as possible. By frequenting good sales, you help increase the bottom line of that business. It’s difficult for many auctioneers to keep the quality of merchandise consistent, so good attendance certainly helps. And when an auctioneer gets to know you as a buyer, he/she will go out of the way to accommodate you, to keep you coming back.

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.


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.