How to Seek Education Foundation Grants

Numerous private foundations and the Department of Education of the United States give out thousands of dollars as education foundation grants every year. However, most people are confused on their true nature and what they really are about, to whom or what they are for, and how to possibly seek them out.

Yes, even the official government web site of the Department of Education is quite tricky to navigate, so getting some comprehensive information about these grants can be somewhat difficult from there.

For those seeking to acquire education foundation grants and student financial aid, read on to discover some comprehensive and useful tips on the topic.

1. If the applicants or grant seekers are intending to enrol for college or post secondary education, they can try and apply at the There, prospective college students can apply for federal financial aid and education grants. Not only grants are available there, students may also apply for student loans and programs for working while studying. Students can also get information from the financial help department of their school or learning institution.

2. There are also education foundation grants that are based on high eligibility and qualification. These educational grants are prestigious and special, of course. One example is the Discretionary Educational Grant from the Department of Education of the United States. Some of these special educational grants are given to whole organizations or learning institutions; however there are also some that grant financial aid to individual students. Not many people know about these special grants as well. So, if the applicant is competitive, academically speaking, then this is a good option for him or her.

3. When looking for education foundation grants, applicants should always check for the schedules and deadlines. Most of the private foundations and the government agencies follow strict schedules when it comes to these matters.

Home Based Business – What Is Stopping You From Building A Successful Business From Home?

Do you aspire to build your own business from scratch, and from the comfort of your own home? If you do, then you are not alone, since there are hundreds of thousands of people who are dreaming of building their own home-based business these days. The only difference between those who do it and those who dream of doing it is simply taking the first steps. The wonderful thing about starting your own business from home these days is that it can be done with any budget, even if you only have $20 to start your business, it can be done these days. The Internet has given anybody the opportunity to make a handsome living from anywhere they want, the only thing you really need is to have the desire, motivation, and the drive to actually start.

Since those who are new to the idea of a home-based business may be scared to start for whatever reason, here are a few of the common questions you may have and details why none of them is a reason to slow you down these days.

Excuse #1 – I don’t know how to make a website

This is understandable, but today there are ways to build a website yourself, with complete step-by-step support, for less than $10. And this price is not for some garbage site, this is the industry standard cost for a domain name and web-hosting. So you must know, you can set up a simple yet effective website for your products all for less than $10, will complete support for every single step required to get up and going.

Excuse #2 – I don’t know what to sell

The possibilities are endless on what you can sell, but if you are going to work using the Internet (which you should), then you can sell digital products such as ebooks, and the profit margins are exceptional. Even if you don’t want to create your own digital products, there are plenty of products you can sell as an “affiliate”, where you sell and get a chunk of the profits. The best way to make money and spend $0 getting started is however to create your own products, things like ebooks, audio courses, video courses, and home study courses are free to create and store, since they will all be digital.

Excuse #3 – I have no formal business training

Even though business training gives you an advantage, there is no need to have business training in order to achieve great success. There are so many ways to learn how to build a home-based business by searching online that you don’t really need formal training anymore, the most important factor is simply your determination and drive to succeed. There are blogs, articles, and cost-effective courses available online that will teach you everything you need to start and succeed with an online business.

Choosing the Right Home Based Business, Network Marketing Business

There are so many home based business opportunities out there, it is quite overwhelming. The question is, “which one should I choose?” Well, that all depends on a few factors.- How much are you willing to invest? (Time and Money)- How much time during the week do you have to put into your business?- Do you have a large enough network of people to expose your business to; and when you run out of people, do you know where to go from there?- Would you have a support team that you can contact for help and guidance?- Do you like the product or service that you would be promoting? Is it actually useful to you?These are some of the factors in determining the home based / network marketing business for you.So, let’s go through these questions more thoroughly.- Investing Time and money
With most home based business’s there is a startup cost. They can range from $1- $500. Also, there usually is a monthly payment to remain active in the business. If you are not considered active, you won’t get paid. The cost can be anywhere from $10- $100 a month. So, make sure to check for the details before jumping into a new business opportunity.. Remember this, if you can’t afford it, chances are you won’t be able to get others to join or buy. Also check to see the price of the product or service. If it doesn’t sound like a reasonable price, it will be very hard to sell.How much time do you have to put into your new business? If you are working a 70 hour work week at your job, when would you have time to put into your business? Now, if you only work a regular work week (40 hours) at your job, then putting at least 10 hours per week for your business shouldn’t be hard. Most people have the time, but they are not willing to give it up. Starting a home based business will take time and will not make you rich over night. So, having a plan of action for the week will help out tremendously. Persistence will pay off. Giving up early will only lead to failure.- Social Skills
Do you have people skills or are you a loner?Having the ability to communicate well with others is a huge benefit. If you want others to join you in business or buy your product, they must trust you or like you, or at least be comfortable with you. You must build rapport. Building a solid relationship with people will help out with any new business. This will also help retain people in your business as well as continued sales. Now, if you have a hard time talking to people verbally, then you can build a relationship through writing (Emails). This will be a big factor in choosing your new business.- Your Network and Marketing Strategies
Do you have a large network of people to expose your business to? What happens when you run out of people to talk to? Does the business you are considering joining have a marketing system that goes beyond talking to family and friends?If the answer is no, then don’t even bother. You will not succeed because you’re warm market (people you know) will run out within a month or so. If you are not comfortable with the marketing strategies the company provides, then you will wasting your time and effort. Now, on the other hand, if you understand the marketing strategies and are comfortable using them, then this may be the business for you.- The Right Support Team
Having the right support team will make you or break you. Especially if you have no marketing experience or training. See if the company (or sponsor) provides an email address, phone number, live support, and/or webinar’s. If you are able to find someone in that particular business that is already successful, then follow that leader. He/she will show the way to becoming successful because they have already done it. Your upline should encourage you to do well and be able to support you when needed. If you have a question they can not answer, they should find out the answer for you. It is all about team work. That’s how most good home based business’s / network marketing companies work.- The Product or Service
Do you like the product or service that the company provides?This is a very important question. If you are not excited about the product or service, or it has no use to you, than it is not a good business to get into. You must enjoy or benefit from the product or service and basically do a review on it for people. If you are letting other people know how it was great for you, then they are more apt to look at it or buy it. People tell others everyday what they like or don’t like. Do your research and find what people are looking for, including yourself, and join that business.As long as you follow these simple guidelines, you will do quite well in finding the right business for you.

The Truth About Finding the Best Home Based Business Franchise

So, you are asking yourself what is the best home based business franchise out there right now? It’s great that you are searching for solutions to better your life. Perhaps you are sick and tired of the corporate rat race and living paycheck to paycheck. Or perhaps you have tried other business endeavors and you are yearning for true entrepreneurial success. Either way, more power to you… you are developing the right mindset.Now, in regards to finding the best home based business franchise… there isn’t one! Surprised? Hear me out as I explain why you might want to think twice about buying a franchise and how there are better available options.Many aspiring entrepreneurs think that by buying into a recognized “name” that they are buying into success. The truth is that there are limitations or setbacks when getting involved with franchises.1. Start-up Costs: Franchises require a significant start-up fee, in the range of several thousand dollars to several tens of thousands of dollars.2. Low Profit Margins: After you take care of the start-up costs and you start generating a profit (if you are lucky), it is quite common for franchises to experience a profit margin of only 20%.3. Royalty Payments and Fees – As if the net profits were slim enough, most franchises have to pay a monthly royalty payment, usually a percentage of sales, to the franchisor… also it may be required to make regular contributions to the franchisor’s advertising fund, and there is no guarantee that money will be used to advertise your own franchise.4. Limited Independence – Not only are you buying the right to use the franchisor’s name, you are buying the right to use its business plan as well. And your method of operation will be limited.5. Lack of Mentorship / Marketing Education – Chances are that you will not have access to a proven leader / mentor in your field. Furthermore, most entrepreneurs fail because they do not have proper marketing knowledge. No marketing skills = no business!And yes, most of this if not all applies to a home based business franchise as well. However, don’t worry. Your dream is to operate an amazing business from home. There are currently entrepreneurs, even in a “recession”, that are utilizing the Internet to market and are creating the lifestyle of their dreams.My advice to any aspiring home based entrepreneur: forget searching for the best home based business franchise and start searching for a home based Top Tier Direct Sales business model. Even Donald Trump and Robert Kiyosaki recommend this business model.Imagine much higher profit margins, much, much lower start-up costs, no royalty payments, an amazing compensation structure, products that are IN DEMAND and that people REALLY need in a world that is in a financial crisis, and best of all…Imagine having access to proven leaders and access to the most amazing marketing education platform you will have ever encountered.Do you think all of this would increase you chances of entrepreneurial success?

Home Based Business – Tips and Tools For a Beginner

Uncountable numbers of people around the world are in search of a suitable and reliable online business, such that can give them the boldness to fire their bosses. One of the critical concerns of every Home Based Business Entrepreneur it to drive traffic of visitors to their website. A lot of new online beginners who are in search of an internet business opportunity have been in constant complaint of one common illness: They have become tired of websites that promotes the best home based business opportunities, yet such websites give false promises and over-hyped sales pitches and outright scams that hide behind such online business opportunities.If a home based online business that is newly started is found within the first 20 result of organic searches, the website can be a run away success. When you promote your Internet Business offline, it can be a great way of solving this problem as well as create a good image and reputation for you and the Home Based Business. Consequently Search Engine Optimization otherwise called SEO is one of the major tools with which your website can gain adequate promotion it needs coupled with marketing any time you are considering a successful Internet Home Based Business.A basic focus must have been gained in your mind when you look at the statistical statement of the importance of SEO with regards to starting a home based business as discussed above. Being new to the internet business should not make you try to appear anonymous as a result of your newness and a learner. If you are new to the Internet business you ought to share whatever you have despite your lack of expertise. The moment you have come up with something you want to market and sell on the internet and how to go about it, you venture into the internet and search for a lucrative home based business opportunities that appeal to you.When you are additionally trying to diversify your business, there are thing you should also take into consideration, things that are peculiar to the problems of home based business that poses a challenge to a beginner. These are some of the reason you ought to consider or take account of when trying to diversify your online business. When you are promoting a home business, it calls for 3 things: increasing traffic of visitors to your website, selling goods/services that are of value and retaining/adding to your customer base.In order for you to make a success of you internet business, your website needs to be well set up and simply attractive. This will help in driving you the traffic of visitors you need, and thereby make you great returns on sales. For you to be successful in your internet business it is of great essence that you keep on improving your website by upgrading and developing the site and its content. This you can achieve based on the returns on your website. One final fear you have to handle when you are intending to upload your picture for your website or your work is that you are not that good enough to appear your picture in the internet.Affiliate marketing is one of the striving businesses that are booming in the internet. One can venture into it and make a sales promotion of other companies products. When this takes place, you are sure of a commission from the company you are promoting its products or services.However this can be a tip of the eyes beg to what is available as internet business for anyone who has the determination.

Greek Property May Well Prove a Calm Investment Among a Tempest of Economic Uncertainty

Ten years ago, Greece property was largely overlooked. Buyers were either repeatedly drawn to old favourites such as Spain and France, or looking further afield to the emerging markets of Morocco or Bulgaria. But interest in property in Greece remains alight for a number of reasons: the healthy lifestyle, sunny climate, great beaches and food, and a superb quality of life for a fraction of the cost, to name but a few.An established democracy, Greece is a fully-fledged member of the EU, which means that for Europeans the purchasing process can be simple. It also gives Spain a run for its money on the British package-holidaymaker front, which is good news for anyone planning to rent out their property in Greece.Property investors generally regard Greece as a strong market due to its healthy tourist industry, which is backed by the government. Prices remain very affordable in many parts, and homebuyers can purchase far more for their money than in other popular European holiday destinations. Most rural and coastal areas provide an idyllic lifestyle that many British retirees choose to adopt.In terms of the global recession, Greece is holding out according to some experts. Mike Saunders, marketing director at Snobby Homes says: “Property prices on the whole remain unchanged. Personal borrowing in Greece is nowhere near so highly geared as it is in the UK. The Greek banks have not been caught up in sub-prime lending, so mortgages are still available for UK buyers to purchase property in Greece.”So if the overall prognosis for Greece is good, it may well prove a calm investment spot among a tempest of economic uncertainty. Greek sellers appear reluctant to drop prices, hoping to weather the storm, although there is the odd bargain to be had.Robert Key, senior partner at Cluttons Greece, concurs saying that despite what is happening in the rest of Europe, the market for Greek real estate is holding up well. “Property prices increased in the first half of 2008, and there was only a slight drop in values towards the end of the year. At time of writing the average price of residential properties in Greece has fallen by five to 10 per cent. It is true that the number of transactions taking place is around 40 per cent less than this time last year – but this is due mainly to the banks having tightened lending criteria.”Prices may still fall a little in 2009, but any drop is not expected to be significant. This is due mainly to Greeks having one of the highest rates of home ownership in Europe – hence mortgage repayments and forced sales are not a worry for most. For those willing to research the market, however, properties with higher price reductions do exist. These come mainly in the form of price reductions by developers who have over-borrowed and must now meet loan repayments.”He adds: “Overall Greek property represents excellent value for money when compared to other European destinations – and it’s a market which historically holds its value. Greece with its diverse mountain ranges, lakes, valleys, island paradises, ski-centres and the cleanest of seas offers everything one could desire – with heaps of culture. And that’s without mentioning the cuisine…”Be it an investment in land, a villas or an apartment, we remain confident that Greece will continue to be a safe and profitable place to invest in property – providing the advice of a reputable surveyor and lawyer is taken.”However, Babi Prokas of PK Developments paints a somewhat bleaker picture of the property market in Greece, claiming that the recession has hit it so hard there that not only is there a virtual standstill in construction, but that violence and theft is on the rise among frustrated and unemployed youths.”Greece has over 160,000 newly built houses that haven’t been sold and that number is expected to climb this year,” Prokas estimates. “I believe that it will take a good six months to see the beginning effects of the stimulus packages that the G20 nations have committed to. I believe we will see a price stagnation in the property market for the medium term, before prices rebound.”In terms of location, there are hundreds of inhabited Greek islands, so choice is by no means limited. Crete is one of the most appealing areas for Brits who are looking for a permanent base or a holiday home. Every year its sandy shores, green hills and olive groves attract almost a million British holidaymakers.”Over the last two years, there has been an increase of almost 40 per cent in the number of Brits purchasing property in Crete. Four out of five new property buyers are British and the final statistics show that more than 15,000 Britons are owners of a property in Crete,” says George Skouloudis Director of Artec Homes (which has projects in Tavronitis and Kissamos).Maria McLaren, an estate agent specializing in Crete property, says: “The cost of living here is around 35 per cent less than Britain, and the crime rates are minimal. People buy in Crete mainly because they already know and love it-they can switch off and relax here. It is the lifestyle that attracts them and the friendliness of the people.”Not forgetting the Greek capital, property in Athens remains popular with international investors, and the expansion of the metro system has increased interest in residences further away from the centre.Lucy Russell managing director of Quintessentially Estates says: “Athens is the gateway to all the islands in Greece and has easy access from the UK. Properties vary from the cheaper apartments around £200,000 to grandiose villas in the millions. Athens tends to attract people buying second and third homes rather than holiday home, and house prices have risen around 40 per cent in the last five years. The rental yields are fairly low, at around two to three per cent, and the average rent is around between £2,000 to £3000 per month.”Kefalonia, the setting for Captain Corelli’s Mandolin, is the largest of the seven Ionian Islands. Despite its film fame, Kefalonia largely unspoilt, with low-profile tourism. As a mountainous island of almost 45,000 inhabitants, most residents are gathered in the island’s capital and main port, Argostoli.Lucy Russell advises: “Kefalonia is one of the most popular of the Ionian Islands. There is still an emerging property market, and a number of areas are still undiscovered. Prices of property in Kefalonia are rising on average between 10 to 15 per cent per annum, depending on the location and type of property. The island has become popular with investors who are looking to purchase a property which they can use as both a holiday home, and receive a rental income by offering the villa for holiday rental either independently or through a tour operator specializing in villas.”Robin Barrasford, managing director of Barrasford & Bird Worldwide says: “Greece has a strong second home and holiday market, coupled with strict planning regulations that keep the housing supply low, this balancing act between supply and demand means the Greek property market is one of the most resilient in Europe today, despite the tough economic times.”Samos benefits from easy international access, with direct flights from the UK. This island has an instantly recognisable topography and is popular with the yachting fraternity. The majestic mountain sides and green cypress laden valleys, with their patchwork of vineyards makes Samos one of the most beautiful Greek islands and property in Samos a traditional favourite of international buyers.”Irini Tzortzoglou, deputy branch manager of Piraeus Bank UK, says: “Greece and her islands remain a largely unspoiled haven for those looking for a holiday home or investment property in a mature European country. Although often cheaper than comparables in Italy and France, Greece has retained an air of exclusivity, which means that it remains popular with the more discerning purchaser.”This in turn largely removes the short-term investor from the market, which makes for more stable long-term property values. Mortgages remain available for property purchases – it should be pointed out that no Greek banks participated in any of the toxic debt which has led to so many problems.”Jonathan Salsbury, Cybarco UK manager still holds faith in the Greek market. “Sales have held up well in Greece, because although the numbers of British buyers reduced during 2008 (due to the fall of the pound against the euro), other North-Europeans who are in the Eurozone have been continuing to buy, seeking out value for money,” he explains.He adds: “Both Crete and Rhodes are well established holiday destinations and continue to attract buyers who have been drawn to the idea of owning a home in the sun or dream of a happy, relaxed retirement. Athens will continue to gain interest from investors, particularly those who had avoided the emerging Eastern-European capitals, and now favour established European capitals that offer long-term rental demand.”Salsbury believes that the Greece property market is comprehensive with opportunities throughout the country, and there is plenty of evidence that Greece will succeed in its aim to become one of the world’s top five tourist destinations within the next ten years.

Why Property Management Is a Great Career Path

If you have been thinking about careers lately and have stumbled across the career of a property manager, you’ll be pleased to know that this is an excellent career for the right person. There are some downsides to the role, but the severity of these will depend greatly on your attitude and your personal preferences and skills.

What Exactly Does a Property Manager Do?

A property manager will generally manage a portfolio of properties usually within a specified area not far from one another. A community manager is responsible for pretty much everything that goes on related to the rental of the property. He or she will not just find and qualify new tenants for properties that have just been added to their portfolio, but they’ll also undertake a number of different tasks such as:

Monitor statistics and analytics for the properties that are under management.
Overseeing the maintenance of the properties.
Helping tenants move out.
Collecting any unpaid rent or other expenses when necessary.
The Benefits

As you can see, the role of a property manager really is quite a rewarding one and if this is something that you think you might enjoy doing then you should certainly give it a shot. Even though being a property manager can be stressful and demanding at times, there definitely is a wide range of benefits that you’ll be able to take advantage of.

First and foremost, property managers are paid very well. On average you can expect to earn anywhere from $45,000 to $60,000 per year; obviously this will vary quite a fair amount depending on your experience and the amount of properties that are currently in your portfolio.

You’ll also get the joy of dealing with people on a day-to-day basis, you’ll need to communicate effectively and efficiently with other members in your company, and you might even need to display leadership qualities at times. You’ll be required to find and qualify new tenants, so if you’re a social person and enjoy meeting new people this is going to be an ideal role for you.


Property managers are required to be licensed by the state, but this varies from state to state so you might find that this isn’t the case for you. However, if you’re looking to be employed as a property manager then many employers will be looking for a college degree in Business Management or a similar field.

Radio Advertising Costs

Radio Advertising Costs: How Much Should I Spend?

“How much should I spend on radio advertising?” “How do I know I am getting the best radio advertising rates?” “What radio stations should I advertise on?” “What are good and bad radio advertising prices?” “How many spots should I air on a radio station?”

Honestly, there is so much confusion about radio advertising floating around – I can’t blame you for asking these questions. Why is advertising on the radio so mysterious? The answer is – radio advertising is not mysterious. It just helps to know how it works.

Effective radio advertising relies on two major components – the message (the radio commercial itself), and the media (that the radio spot airs on).

The Message

Let’s look first at the radio commercial itself. Before even thinking about which radio stations to air on, or how much to spend on radio advertising rates, you must think about what you are going to say in your radio ad. For this article, I am assuming that all call centers, fulfillment, websites, etc. lead generation, and sales closing processes have been put in place by you, the advertiser. Creating a radio commercial that helps drive traffic is extremely important to the advertising process.

The advertising industry is full of voice talents, radio personalities, DJ’s and others, all claiming to create radio commercials. Be careful here. When entering the arena of radio commercial production, look for a radio advertising agency that has experience and a track record of successful ad campaigns. Anyone can create a radio ad, but not everyone can create a radio ad that pulls traffic. Some radio stations provide free radio commercials if you advertise on their station. Most of these free commercials are never based on strategy and are just one of several dozen commercials that have to be created by an overworked radio production person in a five to fifteen minute window of time. Remember, you usually get what you pay for.

The most effective radio commercials are built on a solid, proven strategy. The copy is written using time tested formulas that maximize potential response. The talent is handpicked to best connect with the end user and the production is based upon clear, quality, and easy to absorb audio.

So…what does the radio commercial production process cost? The majority of radio commercials that work best usually fall into the $500 to $1000 price range. There are always exceptions to the rule (lots of revisions to copy or audio, additional voice talents, celebrity endorsements, etc.) but this figure generally covers development of a solid strategy, copy from experienced copywriters, performance by high caliber voice talents, and the highest quality production services.

The Media

For many with questions about radio advertising rates, and radio station prices, here is where the mystery begins. I will try to simplify the mystery of radio media buying as much as we can in this small amount of space.

A good radio advertising buy focuses on a few different things:

* Finding the best radio stations in a market that match your customer’s demographics (age, gender, income level, etc.) and psychographics (interests, beliefs, hobbies, personality traits, etc.).

* Finding the dayparts that best reach your target customer. Mornings? Middays? Afternoons?

* Selecting the top radio stations that most efficiently reach the highest potential customers, the right number of times (defined as frequency), for the least amount of money

Usually, when researching radio advertising costs, many potential radio advertisers have a pretty good idea of the first two points. However, when it comes down to finding the best station (or stations) at the best price, the radio advertising process becomes a little more challenging.

Here is how to basically determine how much to spend on radio advertising costs. Within the market you want to advertise in, find the radio stations that have the best potential to reach your target customer. This is based on the formats of the radio stations. Urban Hip-hop stations will target different demographics than a News/Talk, or Soft Rock station. After selecting a group of radio stations, contact those stations to let them know you are thinking about advertising on their radio station. Ask for specific data from the radio stations called “rankers”. This is ratings data that most radio stations can provide based on specific requirements requested. From this point, you can get a good idea which stations perform the best in your target demographics.

Once you have narrowed down the radio stations to just a few that will effectively reach our target customer, request a proposal based on certain criteria – dayparts, frequency goals, etc. From these proposals, see who reaches the target audience most efficiently – using tools like Cost Per Point (ratio of spot rate to ratings percentage), Cost Per Thousand (ratio of spot rate to audience category totals), etc. If a radio station is not competitive, ask the station to resubmit a more competitive proposal. Ask about added value. Yes…it is quite time consuming…and yes it is tough to know if all of the station’s radio advertising rates are too high. You really have to know the market and the going rates. (This is where having an experienced agency is extremely beneficial!) An agency can compare proposals against historical figures to determine if radio station prices are in line with market averages…then negotiate, and help execute the purchase.

Great…but what does this cost? It depends on the size of the market you wish to advertise in as determined by Arbitron (the radio ratings services). Radio advertising rates can be as high as $800 per 60 spots in a top market like New York City, or as low as $3 per 60 spots in Kerrville, TX. How will you know what to spend?

Here’s a valuable system we have used from our history of working with radio advertising rates. The system is based on a solid branding schedule that may run one spot per day in the morning drive, one per day at midday, and one per day in the afternoon drive – Monday through to Friday, and two spots on Saturday and Sunday. That’s nineteen spots a week at sticker price. This type of schedule is good for achieving a desired frequency level (meaning the average listener to a station will hear the radio commercial a certain number of times). Under these broad assumptions, you can use the following chart as a rough guide to budgeting your radio advertising campaign.*

*Note, these are gross rates and do not include production costs or agency discounts. These are market averages for the standard radio schedule mentioned above, actual costs may vary. Does not factor in added value, ROS schedules, bonus spots, etc. Different combinations of dayparts on different stations may cost much less.

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.