The Effect of Education – Better Jobs and Better Wages

The direct and indirect effect of education length to employment and job satisfaction. The value of education has traditionally focused on the contribution of formal schooling to increased earning capacity in the labor market.

The benefits of education promote not only higher wages but also expands the workers’ welfare possibilities. The basic idea is that longer schooling promotes a more efficient use of information both on the formation of expectations and on individual choices regarding the labor market.

The highly educated people are thought to pursue their aspirations more efficiently than poorly educated people do, consequently, they are more likely to gain additional education enhanced benefits in terms of personal utility arising from a variety of work related sources.

These may include performing more interesting or challenging tasks, holding a responsibility level matched to one’s qualification, working under healthier or more attractive conditions, developing good relationships with co-workers, taking on a tenured position, or enjoying greater work autonomy or higher social prestige. Education also does increase people’s well being and quality of life.

Studies also show that the well educated employees have a higher risk of becoming unemployed and that unemployed with qualifications have higher probabilities of regaining employment than the unemployed without educational qualifications.

So, education is an investment for your future. You already know that your base salary is largely determined by your education level.

But did you ever wonder exactly how much education matters? If you’ve got enough smarts, it shouldn’t matter whether or not you have formal training. As job scarcity continues to drive more competition to open positions, professionals with strong educational backgrounds are the ones scoring high paying jobs. Depending on the industry, pay increase may go as high as 300%.

Marketing Strategies For Your Home Based Business – The Seven Must Do’s

Whether you are planning on starting a new business or expanding an existing one, you need to ask yourself: Where am I? And where do I want to be? And how am I going to get there?

To answer these questions you will need to develop a marketing plan, the most important tool you can use to develop that competitive advantage your business needs to survive.

Develop a Mission Statement
Every business has a purpose and this is one of the most important aspects when developing marketing strategies for your home based business. A mission statement is a simple and clear statement outlining the purpose and direction of your business. Every decision the business makes should be based on its mission statement.

Analyze the Market and Competition
What makes your marketing strategies for your home based business special, and gives you a distinct competitive advantage over your competition? How do your customers see your business and how does your product or service relate to others in the marketplace.

Strategic Market Planning
Strategies are the planned action plan you are going to take to meet your objectives. You must have strategies for operations, pricing and promotion in your marketing plan. These strategies will be used to convince customers that your product or service is better than you competitor’s product or service.

Advertising is another critical component of marketing strategies for your home based business. Advertising is your way of communicating your message to your target market. How and when to promote your business or service are decisions that will depend on your budget.

Budgeting & Keeping Track
When preparing your marketing budget your decision should be based on: The company’s resources and financial position as well as the businesses goals and objectives and your target market

Action Plan
Decide who is going to do what, to carry out the marketing plan. Set completion dates for planning and evaluating your marketing strategies for your home based business.

Monitor, Change and Evaluate your marketing plan often to ensure that your company goals and objectives are being met.

Marketing affects everything about your business, small things like your business cards are part of your marketing plan and smart marketing puts money in the bank.

Next, continue learning more marketing tactics and marketing strategies for your home based business. By visiting my website located at:

Home Based Business – 5 Tips to Get Your Home Business Started

Home based business has increased in popularity as the world wide web continues to grow into every corner of the world. The face of business is changing as online marketing brings a cost effective way for the average person to have a successful business. Deciding to build a business a business is probably one of the most important decisions you will ever make. Work at home requires dedication and commitment to build a profitable home based business.5 Tips To Get Your Home Based Business Started1. Research and do your due diligence: Know who your potential customers are, how often you can expect them to purchase and how much they would be willing to pay for your product or service. Be realistic about your expectations. Do not get caught up in the hype of novelty products. If you can not visualize your product being as popular in five years time as it is today you would be wise to pass and find a different product. Building a customer base takes time, effort and commitment. Novelty products come and go and so will your customer. Always thing about the long term benefits.2. Skills and experience you need to develop: Everyone brings a set of skills and experience to the table. Recognizing and identifying the knowledge you already possess is the first step to adapting those skills to work at home. Once you have taken stock of your abilities you will be in a better position to identify the skills you lack. You do not necessarily have to learn everything before you start but you definitely have to be prepared to learn as go. Working with a coach or a mentor can shorten your learning curve.3. Business plan for success: The Internet has millions of subscribers globally and each one of them is a potential customer. Getting your information to them in an effective and efficient way is crucial to building your business. Your business plan should include your marketing and promotion strategy and the costs that will be incurred to implement it. Working online is very cost effective but you will still need to budget for your business building activities and maintenance costs.4. Part time or full time commitment: One of the biggest advantages to owning your own business is the ability to schedule your time. Many people will start part time work at home until they are earning enough money to replace their income. You can choose to continue your day job and supplement your income. 10-20 hours per week is the minimum part time commitment you should consider. If you work less it will take longer to build the momentum for growth of your business.5. Working alone can be scary: Being prepared to work alone can be a huge challenge for many people. We have been indoctrinated to being an employee with our tasks and schedules dictated by an employer. When you are your own boss you are responsible for getting all the work done. You may be able to find support from a mentor, coach or other entrepreneurs but ultimately you are responsible for getting the work done.Work at home takes discipline, dedication and commitment. No one will be looking over your shoulder and motivating you to do what needs to be done. You will be responsible for your success or failure. When you make the decision to work at home you need to be prepared to start thinking like an owner, not an employee, of your home based business.

Why I Want a Home Based Business

So you want to start a home-based business. Well you aren’t alone. Did you know that in the United States there are about 12 million home-based businesses? A lot of people have chosen to abandon their 9-to-5 rat race. So let me ask you, why do you want to work from home?”I’m tired of answering to someone else. I want to be my own boss.”Good answer, but remember, when you become your own boss, the buck stops here. You have no one to blame but yourself. And, speaking of bucks, don’t expect a consistent bi-weekly or monthly paycheck. But the sky is the limit!”I want work as often as I want, when I want.”Another good answer. Flexibility. Your new-found freedom will allow you to attend your kids’ ball games after school or take your spouse on that mid-afternoon date. Maybe your outlaws (sorry, I mean in-laws) are visiting. You won’t have to disappear for 8 hours every day. Are you a morning lark or a night owl? You can choose to work at times when you are most productive. The more you work, the more you make. You can put in as many hours as you want, and get paid based on amount of work you do, unlike that salaried job.”I’m tired of making money for someone else.”Great answer! In a home-based business your profits are yours to keep. They don’t go to someone else’s bottom line. You’ll also find it’s a lot easier to give yourself a raise when you’re the boss.”Wait a minute! I can’t afford to quit my job and start cold turkey working from home.”Then what are you going to do? Fortunately, there is a great option for those who need to “ease in” to the home-based business world. AND, the start-up cost can be as much or as little as you want to make it. I’m referring to the home-based affiliate marketing business.What is affiliate marketing? Considered a widespread method of website promotion, affiliate marketing rewards an affiliate for every visitor, subscriber and/or customer provided through its efforts. It is a modern variation of the practice of paying finder’s-fees to individuals who introduce new clients to a business service or product. In a nutshell, as an affiliate, businesses pay you for sending them a new client/customer. In some cases you can get paid whether or not they purchase a product or sign up for a service.The beauty of a home-based affiliate marketing business is that it allows you to begin building your business part-time until you reach a point that you’re affiliate business is generating as much revenue as your 9-to-5 salary. That is when you “fire your boss.”Let’s see… my own boss, or fire my boss. Your choice.

Why an Internet Home Based Business is the Best Recession Proof Business Today

An Internet Home Based Business can be your savior at the present juncture when the whole business world is going through an unprecedented financial crisis. Starting an Internet Home Based Business on a part-time basis is one of the wisest moves you can undertake today to recession proof yourself. Internet Home Based Businesses and especially those that involve net work marketing are becoming very popular because most people are anxious to start some sort of a business from home on a part-time basis so that it could act as a safety net in the event they too fall victims of the present global recession.You may want to know why you should get started with an Internet Home Based Business rather than any other business and what sort of online business you could do at the present moment.The low start up cost is one of the main reasons why you should get started.It can be started on a shoe-string budget and hence within the reach of most people. There is no need to employ anyone else. You can run the business on your own. Furthermore the risk factor is very low.Today the topic in most peoples’ mind is how they can prepare themselves to meet any eventuality such as lay-offs and redundancy. Since most people are toying with the idea of starting a home based business to make money, why not be one of the early birds and enroll them as affiliates or in your network marketing business. Network marketing (MLM) is certainly one of the best recession-proof businesses you can succeed in during difficult economic times.The internet is growing by leaps and bounds. Today there are over 1.5 billion internet users worldwide. The whole world is the market place. An internet marketer working from home is in a very unique position of being able to market his products globally. How successful your home business will be will depend on choosing the right niche product or services.As a home business entrepreneur working from your home office you are entitled to tax benefits such as running expenses for the space occupied for your Home Office and also deductions from your taxes for Mortgages and Insurance. Furthermore tax deduction can also be made for equipment used exclusively for your business, such as Phones, Computers and Fax machines, all traveling expenses and startup costs. Unfortunately this tax benefit is not known to many.A few of the internet home based businesses you could get started are:1. If you are an expert or very knowledgeable in a particular field and possess the ability to write, you can write an e-book and market it online. E-books are very popular among internet users.2. Another easy and popular method of getting started is to become an affiliate of some of the leading affiliate program providers and promoting the sale of their products through your website. All you have to do is to place an image or text link code on your website. Each time a sale is generated through your link you will be paid a pre-determined commission.3. You can also sell your own products online. For this you will need a shopping cart. This can be done by arranging for the set up of a free PayPalShopping cart by signing up for a PayPal Merchant or Business account.4. You can also have your own affiliate program if you can produce a good marketable product. Provide an attractive commission so that others will join you as affiliates and promote your product.The internet home based business is considered the best recession proof business today. It is a great way to make money from home, working from home if you go about in the right way. If you work with dedication and if you are passionate about your business there is no reason why you will ever fail during this period of recession.

Properties in Mexico

Ownership in Mexico – Separating Fact from FictionThe “Gunslinger Days” of buying properties in Mexico are over. Banking on the words “That’s the way we do business here!”, and trusting “Thy Seller”, have given way to U.S. Title Insurance and bonded escrow accounts.During the last ten years, property in Mexico has become a lucrative and viable investment strategy, bringing with it a new breed of sophisticated investors. U.S. title insurance, bonded escrow accounts and comprehensive title searches are “in”… promises and handshakes are “out”.Owning property in Mexico is easier and safer than ever, because now there are established and well defined rules regarding non-Mexicans owning land in Mexico. These rules are in place to protect your ownership rights and to promote the sale of real estate to foreign investors. The key is a safe, established and perpetually renewable Mexican Property Trust called a “Fideicomiso”.What is a “Fideicomiso” or Mexican Property Trust?With the advent of the North American Treaty Agreement, the Mexican Government recognized that it was critical to make foreign investment in Mexico safer and easier than ever. Because the Mexican Constitution prohibits foreigners from purchasing or owning real estate within 60 miles of an international border or within 30 miles of the Mexican Coast, a new, safe method of holding title was created. This new instrument, modeled after the one in Monaco, allows ownership through a Mexican Property Trust, called a “Fideicomiso”. This is a trust agreement, much like an estate trust, giving you all the rights of ownership.The Department of Foreign Affairs in Mexico City issues a permit to a Mexican Bank of your choice, allowing the bank to act as purchaser for the property. The bank acts as the “Trustee” for the Trust and you are the “Beneficiary” of the Trust. This is not an asset of the bank; they simply act as the Trustee to hold the Trust.Much like Living Wills or Estate Trusts in the U.S., the Mexican Bank, or Trustee, takes instructions only from the Beneficiary of the Trust (You). The Beneficiary has the right to use, occupy and possess the property, including the right to build on it or otherwise improve it. The Beneficiary may also sell the property by instructing the Trustee to transfer the rights to another qualified owner, or bequeath the property to an inheritor. The initial term of the trust is 50 years, and it can be renewed for an additional periods of 50 years indefinitely, providing for long-term control of the asset.You have all the rights of a property owner in the U.S. or Canada, including the right to enjoy the property, sell the property, rent the property, improve the property, etc. This is not to be confused with a “land lease.” The property you buy is placed in a trust with you named as the Beneficiary of the trust – you are not a lessee. If the property you purchase is already held in a Trust, you have the option of assuming that Trust, or having the property vested in a new Trust.When Should You Pay For Your Property?When you have clear title, exactly like you would anywhere else. By using a third party escrow service, your money is held in an individually numbered, bonded and insured escrow account until your trust is complete and the property rights have been transferred to you.Do not release funds to a seller unless you have received your trust first. Purchasing property without receiving a trust is simply buying without receiving the title in your name, which is risky and not recommended.Fact: Until you have received your Trust, and rights to the property have been transferred to you, the legal owner of record in Mexico is still the previous owner.Fact: You cannot bypass Mexican Taxes or fees by not getting your Trust, even if you sell the property to someone else before you have your Trust in place.Do I Need Title Insurance?Whether you buy real estate in the U.S. or Mexico, Title Insurance is recommended for every property you purchase. You have insurance for your car, your home and your health, why not purchase it for one of your largest investments, your property.Fact: U.S. Title Insurance is available for properties in Mexico purchased by U.S. Citizens.Fact: Just because you have a trust does not ensure you have a free and clear title.
In a title insurance property search, the properties title is searched all the way back to the Mexican Revolution. Most title searches to secure a trust only go back one or two owners of record.How Can I Own My Property?In the Trust document, you must name the Beneficiary or foreign owner for the property. This can be you personally, multiple partners, a foreign corporation, an estate trust, a living will, or other entity. The Trustee of the Trust (the Mexican Bank) will take direction from whomever you name as the Beneficiary.Fact: You can name a U.S. Corporation as the Beneficiary of the Trust. This is perfectly legal.Fact: If you sell more than 25% of the shares in the U.S. Corporation, you have created a real estate transaction in Mexico, and all Mexican Taxes apply.(This is Article 151 of the Mexican Revenue Code and is also declared in the International Tax Treaty between the U.S. and Mexico. If this is done, and you do not pay the Mexican Taxes, you will have created a tax burden over the property for the new owner.)Fact: You can own a property in a Mexican Corporation and take title fee simple only if the property is for development or investment purposes.Fact: You cannot own property through a Mexican Corporation to by-pass the Trust process.Fact: It is against the law for a foreigner to own property in a Mexican Corporation for residential purposes.

Should You Have to Manage Your Property Manager?

I’ve written a lot about the importance of taking the time up front to prescreen your property manager to find one who has good follow through skills. That they possess adequate knowledge, of course is a prerequisite, but I emphasize that you really try to get a feel for how they run their business. Why? Because once you hire them, you really don’t want to have to manage them.

To a certain extent, you will be “managing” your property manager, but this activity should be limited to the following:

First, when you’ve just hired a new property manager. Your new property manager requires a little more attention from you to make sure that he or she is really the right person for the job. It just makes sense that you need to pay close attention in the beginning to make sure that they are getting the job done right. Now, “in the beginning” can be a little misleading, because, things may start off fine, and go smoothly for quite a while, but the real test may not come until the first non-payment or eviction comes up. When it comes time for the property manager to enforce the lease, you want to know that they are fair, yet firm. Your property manager should not be delaying evictions because they believe a tenant’s promise that they will pay in a week, etc.

Second, you will have occasional opportunities to check in with your property manager when certain things come up. For example, if you get a notice from the city about a violation on your property, you need to update your property manager about it so that they can take care of it. This is also a good chance to check in and see how things are going. You can ask about rental increases for upcoming lease renewals, questions about recent statements, inquiries on maintenance to be done/that’s been done, or about certain tenants who’ve been a problem in the past.

What you should not have to do is tell your property manager to start the eviction process for someone who is not paying rent. They should already be on it! You should not have to call your property manager every month to find out what is going on with your properties – they should be sending you timely statements on all of your properties and should communicate via email, telephone, fax or mail, regular updates on any non-paying tenants (regarding where they are in the eviction process or if they are one a payment plan, etc.). Lastly, your property manager should always be available to call you back within a reasonable amount of time. There is nothing more frustrating then having to chase down the person who is supposed to be working for you!

Functions That Make an Advertising Agency Significant

A service production facilitated to create and plan advertising for its clients is what we call an advertising agency. It is unprejudiced from the client and supplies an outside opinion to the struggle of marketing the client’s merchandise. An agency can as well handle overall marketing techniques to launch the brand and sales promo techniques of a product for its clients. Usual advertising agency clients take in firms and non-profit organizations.

Agencies may well be employed to generate an advertising campaign. An advertising company is an organization that, besides from clients, produces and places advertisement on media, and plans advertising campaigns. Advertising agencies may as well execute other marketing purposes, counting market research and consulting. We may characterize an advertising agency as a sovereign service establishment that deals an agreement with advertisers to administer their advertising. Traditionally, advertising services are of an innovative nature, except the agency concept has inflated to take account of research services.

More often than not, these agencies are classified by the kind of market they are trading or the variety of services they are offering. An advertising firm produces advertising material, indentures for publication space, and occasionally embarks on market research on behalf of its clientele. An advertising agency plans and manages all facets of a customer’s marketing. Advertising agencies can specialize in precise areas, such as interactive advertising. Also, they can be a full-service agency which Produces advertising materials like brochures, catalogs, print materials for advertising, media broadcasting promotions, sales letters and many more.

An advertising agency is focuses in planning and handling advertising on behalf customers. An advertising office with full-service offers a series of assistance to clients, in addition to booking advertising space, advertisement designs and production, research commissions, providing sales promotion mentoring and function as marketing coach. Research planning, creative concepts, media exposures, productions and accounts are included in departments within an Nearly all advertising agents exert effort on the establishment of a commission on the entire expenses spent by the client. Advertising firms are outside companies that make available for the marketing and advertising necessities of other firms and organizations.

A full variety of advertising services and advice based on market research, data gathering on the cultural background and advanced sales techniques are presented by advertising agencies. They can be tangible about a customer’s requirements for promotions since they are impartial from the client company. Various forms of media exposures are utilized to support their clients’ trade or organizations, counting magazine ads, newspaper promotional print outs, radio broadcasting and TV commercials, websites, etc.

Other agencies plan events, provide booths at at conferences, and hand out promotional items. Advertising agencies produce logos, creating efficient and striking color schemes to catch the attention of the public specifically the consumers. They engage on organizing marketing campaign materials such as logo creation, brochure printing and creation of slogans and other convincing strategies for sales materials. Agencies may construct public service announcements for charitable organizations and social programs as well, and supply press exposures for new undertakings of the company and products to be launched.. Getting to be acquainted with their client’s industry well and clarifying which demography offers the best audience for marketing is how an advertising agency works.

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.