Recession and Online Education

During times of economic recession when employment opportunities are minimal and layoffs are abundant, adults naturally seek opportunities to make themselves more marketable to employers. Whether individuals need to acquire new skills to enter an entirely different career field, or they simply want to fine tune skills that they already possess to keep their existing jobs, education is often the solution. However, unemployed or working adults with families and busy lives may have difficulties fitting college courses into their hectic schedules. Recession May Drive More Adults Students to Take Online Classes by Steve Kolowich is an article that discusses the reasons many adult students will choose online learning in the current economy. In this article, I will summarize Kolowich’s article. I will also provide an analysis of what I think has created this enrollment trend: cost, convenience, and completion.

Article Summary

Adults often choose times of economic hardship to go to school. Currently, more adults are selecting two-year colleges and private for-profit colleges than traditional four-year universities for their educational needs. Many of these students will take online courses. The 2008 Sloan Survey of Online Learning anticipated that all types of colleges would experience increases in enrollments, but non-traditional schools could see the greatest jumps in enrollments. Elaine Allen, one of the report’s authors, attributes this to the fact that non-traditional schools offer online classes.

Online classes offer many conveniences that traditional college courses do not. Students can take online classes at times that work for them. They do not have to leave their homes to go to school. They are still able to care for the needs of their families. Individuals can save on gas by not having to drive to campuses.

Online enrollment has been steadily increasing since 2003. More than a fifth of all students enrolled in higher education were taking at least one online course in 2007. Over half of the colleges surveyed in 2007 thought that it was critical to offer online courses to students. In addition, 70% of the colleges noticed an increase of student interest in online learning. Students are beginning to choose colleges specifically for their online programs.


Because of the recession, jobs are scarce. Tough economic times put “more people in the pipeline, looking, and hoping for opportunities” (Stevenson, 2008). Taking classes or earning a degree gives individuals an edge over the competition in the job market. “The majority of continuing education students today are most concerned with first getting into the academic pipeline” (Stevenson, 2008). Adults enroll in programs that offer classes to complete degrees they did not finish in the past. “A lot of people want to increase their skill levels or get that degree they didn’t have. The threat of losing their jobs can be as big a motivator as the actuality” (Kolowich, 2009). The cost of losing a job or not obtaining a new job is greater than the cost of education. In addition, non-traditional colleges offering online courses often cost about the same of even less than traditional universities.

Unemployment benefits often pay educational costs during the first year of unemployment. Unemployed individuals can use these benefits to take classes. Some companies give educational benefits to employees that they had to layoff. Former employees can use these benefits to learn new skills. Individuals are able to enroll in classes without worrying about how to pay for them.


Many adults who would like to go to traditional universities to earn degrees are unable due to busy schedules. They have to work or search for new jobs. They have children to care for and households to run. “They may prefer to go into the classroom but they need to work or stay at home and they don’t have the time. An online education may be their only chance to get a degree” (Johnson, 2006).

Online courses offer much more flexibility than traditional classroom classes. Students can participate on days that are convenient for them. If they have to do their schoolwork early in the morning before going to work or late at night after the children are asleep, they can. Online courses still have participation requirements and assignments with due dates, but if students know that they will be busy on days assignments are due, they can simply do these ahead of time.

Many online programs allow students to take only one or two courses at a time to be “full-time.” This allows busy adults to focus on a minimal amount of subjects. Their other responsibilities would make it difficult to take four to five classes at one time as is necessary to be full-time at traditional universities.

Students do not have to leave their homes or jobs to attend online classes. They can participate in class from anywhere that has a computer with internet access. Time is not wasted driving to campuses, finding parking, and walking to classes. Parents do not have to worry about finding childcare for their children during class times. Students do not have to rush from work to school to home feeling as if they are constantly on the go. Online classes offer conveniences like these that traditional courses cannot.


According to Stevenson (2008), “today’s non-traditional student is interested in one thing: completion, completion, completion.” Adult students want to earn or complete their degrees as quickly as possible. “Students earning a bachelor’s degree from University of Phoenix take one class at a time for five weeks per course” (Johnson, 2006). This means that students can complete up to 10 – three credit courses in a year or 30 semester credits. Accelerated online degree programs like this are a big attraction to individuals who desire to complete degrees quickly.


Because of our country’s current economic recession, more often adults are enrolling in degree programs. Some hope to find new jobs, while others aspire to keep the jobs they have. Education is an effective way increase employment opportunities. Many of these individuals choose to attend non-traditional colleges. Non-traditional schools offer several advantages to benefit the busy adult. These advantages include cost, convenience, and completion. Non-traditional institutions “tend to offer programs that have traditionally been tailored to serve working adults” (Kolowich, 2009). Online courses offered by many of these schools are the ideal educational alternative for busy adults.


Johnson, F. (2003, August 21). Online Education Helps Fight Enrollment Dip. Enterprise/Salt Lake City, 36(7), 9. Retrieved August 1, 2009, from Regional Business News database.

Kolowich, S. (2009, January 16). Recession May Drive More Adult Students to Take Online Classes. Chronicle of Higher Education, 55(19), A11-A11. Retrieved August 1, 2009, from Academic Search Complete database.

Stevenson, J. (2008, September 15). Streamline the Pipeline. Business West, 25(9), 38. Retrieved August, 1, 2009, from Regional Business News database.

Starting Up A Home Based Business Opportunity – Network Marketing

If you are looking for a home based business opportunity, networking marketing is the way to go and the best part is that anybody can do it! It may be an easy endeavor to undertake but you have to remember that you can’t stomp your feet and demand leads or depend on wishful thinking, you have to indulge in some old-fashioned hard work and combine each and every skill you have.

That being said, as a home based business opportunity, network marketing is all about selling products and services directly to the target market or through representatives that work for independent firms, also known as agents. If you plan to become such an agent, you will be happy to know that you will receive a certain percentage of the overall sales that the firm makes. If you make sales through downlines, you may get an even bigger cut.

Before you get into this field, it is imperative that you read up on all the information available on the subject. When you carry out this research, you will realize that the companies that deal with home based business opportunities such as this one will not do much to ensure that your interests are protected. That being said, network marketing can be very risky but also rewarding at the same time.

Coming back to the point, as a home based business opportunity, network marketing will give you a lot of freedom. Firstly, you won’t have to dish out gigantic sums in the form of capital initially and secondly, you will make your own decisions and be accountable to nobody but yourself. It is basically like freelance work- you get paid for the amount of work you do- nothing more, nothing less. This home based business opportunity will also give you a lot of time to work on other things which means that you can treat it as a source of extra or residual income.

On the flip side, if you are hesitant about your skills and not too confident about your ability to convince people, you can breathe easy because the company you sign up with will probably enroll you in a training program and make sure that you are up to date with their rules, regulations and requirements. They will tell you all about internet lead generation and give you a brief idea about how you can use it to your advantage and the best part is that you can always refer to their tutorial videos every time you are in a pickle of any sort.

In conclusion, it has to be said that as a home based business opportunity, network marketing is heaven sent but make sure that you carry out a comprehensive background check of the company you sign up with. You can’t just trust anybody and everybody these days so if you want to avoid an expensive mistake in the long run, make sure you know what you are doing at every step of the way.

Home Based Business Guide – Opportunities and Models

Each day, people from all parts of the world join the home based business family. However, this does not imply that all the people involved in home based business have similar motivations or attain same success levels.Several people opt for working from home, as they might want to supplement the family earnings and thus spend few extra hours with their family members. Few others take up home based MLM business, as they may be unable to fight the increasing prices. They look for another job which they can carry out from home.Some people are retired, so they wish to carry out their own work timing, while leaving some time to pursue hobbies and leisure activities Several other people that indulge in home based biz wish to transform their lifestyles, achieve actual financial freedom, and to get rid of that typical 9 to 5 job.1. Traditional Business ModelThe most common thing for successful functioning of a home based biz is that it makes use of Internet to its best advantage. MLM is one of the most traditional home business models. Affiliates use to conduct gatherings or parties at home and then sell services and products to their acquaintances, colleagues, and friends.If you want to be a successful network marketer, you need to sponsor and support other individuals into your MLM program and thereby receiving a specific percentage on the sales of people below them.Though MLM was regarded as a reasonable business model, achievements were evasive due to two reasons. Geographical restrictions to your group of team members and prospective clients along with the connections that you can make. Second is consumption of excessive energy for promoting a service or product making it impossible to diversify the income streams thereby selling more than single product line.2. New and fresh business modelPresently, with technological advancements, people, who are interested in affiliate marketing, network marketing, or MLM can overcome all the threats presented by traditional business model. Internet is widely used by people all over the world, so communication in not restricted. In fact, MLM businesses offer wide range of products or services.3. Ways to choose business opportunitiesPresently, many home business opportunities are available over the Internet. However, do a thorough research before you jump into any MLM business. You may approach a person, who is involved in affiliate marketing and Internet network marketing for many years.

Finding Legitimate Home Based Businesses

If you have ever wondered if there are legitimate home based businesses available just do an online search and you will find that there are literally millions of advertisements and posts regarding all the different opportunities. Unfortunately at the same time there will be plenty of those that will not be legitimate. So the journey to finding legitimate home based businesses starts with you. Deciding if you want to do it part time, full time and what kind of money you would like to make will help you start to narrow down your choices.One of the best resources for looking into a business is to research it with the Better Business Bureau. Using the BBB will allow you to not only find out the goods of the company but will also show you if there have any complaints against the company and if they have been settled to the BBB’s standard. This is a great place to start and you cannot go wrong here.While looking for legitimate home based businesses you should take a good close look at the company’s founders. This can pretty much be done by just researching the founders on the internet and as usual you will find plenty of information. Has the founder been successful in other businesses and if so start doing research on those to find out the reputation can stand up to scrutiny and how successful was the endeavor.Training and Support is a major factor when I was looking for a company to partner with, would I be able to talk to a person if I needed to or was I on my own. I did not want to be purchasing a program that was just an eBook of ‘how to’, I wanted to know that if I had questions there was not only someone that I could contact but that there was ongoing support and training. Especially when working on the internet if you have never done it before having a blueprint to follow and then having an ongoing and growing training was important and I believe should be important to you if you want to succeed online.Lastly make sure you get your questions answered. Any legitimate home based businesses will not hide anything from you. If you are getting the run around and cannot get questions answered then you probably do not want to be a part of that company because they are obviously trying to hide something from you. Make sure you get to take a good look at how the company is run, what ongoing training is offered and who can you contact if you have questions. These are necessary for anyone to be able to find any legitimate home based businesses and be successful.

Legitimate Home Based Businesses & 6 Important Questions

Legitimate home based businesses can be hard to find online. But they don’t have to be. Now there are many legitimate home based businesses to choose from. Searching for them and doing some homework is all that is needed. There are some things that you need to do when you are trying to decide if a home based business is legitimate or not. Here are some questions to ask.First: What kind of customer service do they have? Customer service is very important. So check it out. It is easy. Just contact them and see how long it takes for them to answer you. Also notice how they communicate with you then they do respond.Second: What type of products do they provide? Would these products be something that you would want to promote? You don’t want to promote something that is not worth promoting.Third: What does the Better Business Bureau have to say about the business? Are there any complaints against them? This is important to know before you join any business opportunity.Fourth: What do people already in the business have to say? They will be able to tell you better than anyone whether it is a legitimate home based business. What they have to say can tell you volumes. Talk to a lot of people. If you hear hype, listen with wisdom. That will help you to know if this is a good home business.Fifth: Do they actually pay on time? We start home based business to make money. Don’t work hard to make money only to find out that the company will not pay you as promised.Sixth: How long do they say it will take to start making money? What type of help they will provide you? Don’t join a home based business that will promise you that you can get rich quick. That should sound the alarm. These are usually scams. It will take time and effort on your part to start making money with any business opportunity.These are just a few questions that you can ask to find out about a business before you join. Asking these questions will help you to tell if this business is a legitimate home based business. These questions can very quickly tell you what you need to know. When you have the answers you need, you may have found the home based business that you like that is legitimate. When you do, join it and start on your way to making some money.Summary: Finding legitimate home based businesses is easier than you think. By asking these six questions you can find out whether it is legitimate. Some opportunities are scams but there are more legitimate opportunities than you may think.

Property Investor Strategy Series – Part 3

Here is our third article in our 4 part property investment strategy 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.You maybe thinking, why would anyone want to buy property now, especially with prices falling? Well these kinds of market conditions create massive opportunities for property investors to pick up bargain property deals at well below market value so they can make immediate profits.We believe that now is a great time to buy as long as you have a focused buying strategy. It is a buyers market and property investors have huge bargaining power to pick up property deals at well below market value.However, I suggest that property investors focus on the following three types of property deals;Buy distressed properties in need of work and renovation. This is the tried and tested way of making money from property. And with property prices falling, an estimated 85,000 properties laying empty in the UK and new VAT laws that are charged by tradesman for properties that have been vacant for two years or more to just 5% this means that investors can not only buy these properties at well below their market value but there are lots of incentives to renovate property at the present time.Another good tactic would be to buy repossessed properties that can be bought well below market value. This has been a classical way that property investors have bought property at massive discounts for years, and with repossession numbers set to rise considerably during 2008, it has never been a better time to hunt for these kinds of property deals. We can personally vouch through our own work that estate agents hold plenty of repossessions so our advice is hunt for the best deals and bargain hard!One of the most popular ways of buying property at a large discount is to target motivated sellers. A motivated seller is someone who needs to sell their property quickly and savvy property investors are targeting these kinds of owners and offering a swift sale(say within 14 days) so that the vendor can fend off repossession for instance and in return, negotiates a big discount of say 25% to 30% off the asking price. Many property investors are adopting this strategy currently and providing you have sound methods of finding these kinds of deals, this can be a very powerful strategy of buying bargain property.I hope that you can see that these market conditions hold a lot of opportunities for savvy investors to pick up bargain deals. The best time to buy property is now, as it is a buyers market and you can buy cheaply and it is now that the next crop of successful property millionaires will be born because the savvy property investors are now snapping up properties cheaply as they know that in the future prices will rise once again and they will be sitting on huge amounts of equity.This concludes our third article in our property investment strategy series. Having a clear buying strategy and buying property below market value is a clear route to making instant and quick profits through property. The current market conditions are right to implement this strategy to good effect. Remember, that the majority of profits from property are made when you buy a property and not when you sell it.

Choosing a Property Management System

For property investors, property maintenance and management should be of prime importance if one wants to achieve maximum value in the market for their assets. However, many owners tend to ignore the significance of property management either due to lack of knowledge about the issue or they are unable to garner sufficient time to look into various aspects related to the property. Some investors even tend to refrain from managing their assets as they find the job cumbersome and stressful. In these circumstances, signing up for an online property management system can be a useful alternative.

In the last couple of decades, technological advancements have played a major role in improving overall efficiency, reorganizing processes and helping property investors and property management firms gain optimum control over their property management issues. A property management system can be simply defined as a software program designed and developed with the objective of helping customers manage and gain maximum control over every aspect related to their property. At present, property management systems are being used widely in several sectors including real estate, banking, hospitality, logistics, hotel management, and managing intellectual property issues. Also, there are different types of property management systems available in the market, thereby confusing users about which one to select.

In this regard, below are described some important points that can help in choosing a property management system.

Why do you need a PMS? – It is important to address this issue and so as to select software that is aptly suitable for one’s needs and requirements. For example, a PMS required for a hospitality industry must have features that can ease out guest reservation, facilitate speedy check-in, increase productivity and create a better guest experience. On the other hand, a PMS suitable for a property owner must have provisions where one can maintain tenant database and handle issues related to property maintenance.

A properly selected and installed property management system can simplify your business operations significantly, thereby making your life easy and comfortable. Also, it is possible to eliminate human errors and increase efficiency by replacing manual processes with user-friendly interfaces.

Understand your needs – Whenever you are planning to implement a PMS in your business, it is important that you understand what you really require. For this, it is important to interact with all those people who will be using the system directly or indirectly. In this manner, one can gain insight into their needs and requirements that they feel can improve their efficiency and make their jobs simple but interesting. Also, one must even take into account viewpoints of people not interested in implementing the system and include their concerns while looking out for a PMS. In addition, remember to include your technical staff in these discussions as they are the persons concerned with the installation, integration and implementation of the system.

Make a list and get quotations – Make a list of features that have been proposed. Usually, these lists normally include some features that are absolutely necessary, while others can be easily ignored. So, while preparing a list of needs and requirements, it is important to segregate features depending on the requirements. Once the list is prepared, one can now go ahead with the buying process. For this, one has to look out for options that satisfy your requirements and fits in your budget.

Consider your budget – It is important to determine how much one can afford on getting a property management system. At present, there are many property management systems available in the market. All these systems differ from one another in terms of features offered. Accordingly, the price range also varies. By determining the budget, selection becomes easier as one can conveniently eliminate options that are outside the range.

Overview Of Different Services For Managing Digital Advertising Campaigns

The lure of growing a small online business is ever-present due to the relative convenience and value it offers. However, when it comes to executing digital advertising campaigns, there are multiple variables that determine the success rate and can often be intimidating to those with little to no experience.

Most small scale online business owners are averse to spending the time to implement such initiatives themselves, either due to a very busy schedule or a sense of uncertainty with what the specifics would entail. However, it is also too important to ignore in this day and age due to its vast potential for generating revenues for the business, whether small or large. Online sales currently account for approximately a quarter of the retail industry market alone.

Many times, with an expanding business venture, it is often hard to focus on channelling energies towards encouraging outreach and audience engagement. Since the scope of the advertising work is so specialized, one also has to worry about hiring additional manpower to compensate for any shortage in capacity. Freelancers are quite common in this case, yet interviewing and screening quality candidates out of the dozens that apply can be very overwhelming.

Budgetary constraints are another valid concern if you are just starting out and are in the nascent stages of business growth. If you do not choose a freelancer for his or her services, you might eventually invest in a premium advertising agency for targeted digital campaigns with Google AdWords or Bing – again, the costs here are sometimes exorbitant.

All in all, digital advertising campaigns continue to thrive and grow at an astonishing rate, requiring all businesses to pay attention and undertake the appropriate measures in this regard. There are several alternatives that exist for interested online business owners, in order to minimize the problem of tackling digital advertising campaigns.

The key is to weigh the pros and cons in the individual context, and choose what is most suitable to one’s own business model. Here are a few options highlighted below as next steps:

Develop and implement digital advertising by oneself

Driving sales and maximising your marketing efforts is easily done, if not overshadowed by other aspects of managing a small business, such as administrative work. You can take it upon yourself to develop and implement digital advertising campaigns without using an external vendor. Start by gaining a clear understanding of who your customer base is. This should be done not just by eye-balling numbers but with actual surveys sent online or face-to-face interviews, seeking feedback from both existing and new clients. Sometimes, you may see that your idea of the audience might be very different from what is reflected in the data collected.

The best part about being a one-person show and handling advertising functions by oneself is the opportunity to learn on the job, and discover new skills. Take a certificate course online and build your foundation in these concepts to become familiar with the process. You will also cut back on budget spending when you do not have to make extra hires for marketing and advertising.

On the flip side, you should keep in mind that this will take up a big chunk of your time in the early days, especially as you habituate yourself to the added responsibility. There may be added risks in the learning phase with the advertising budget, in the event that you execute a digital campaign that does not resonate well with target audiences. A low return on investment (ROI) is not uncommon.

Hire a professional advertising agency

Advertising agencies are the most common way to expand digital engagement, and build a strong profile online. While you might have to shell out a generous budget in this regard, the results are usually visible immediately and worth it.

There are several benefits to hiring an experienced advertising agency when it comes to digital advertising, on behalf of your business. For one, you will have more free time to allot to other responsibilities as a business owner, whether it is order fulfilment, staffing and other infrastructural requirements. Compared to a beginner setting up online campaigns, an advertising agency will have an intuitive sense of what works, leading to a higher ROI.

However, if you require pay-per-click and paid search advertising campaigns, you will need to plan the budget requirements ahead and also brief the agency accordingly. Searching for an agency that is the right fit is paramount here, and can take some time. Such organizations have little to no knowledge of individual business operations, and need a detailed overview of aspects like intended customer base, range of products and services offered, etc. Getting to grips with the pace at which an external agency works may often prove to be a challenge. For a small company, the financial strain may prove to be more of a liability in the long run, especially if the business is in a particularly crowded sector.

Use specialized services online

With an ever-increasing demand for effective online marketing strategies, many specialized services are cropping up that are budget-friendly, and provide you with a wide range of services in a personalized manner. Typically, such services utilize integrating traditional marketing tactics along with digital innovations, for B2B and B2C solutions.

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.