In a home based business, trust is of utmost importance. you just cannot forge trust regardless of how one tries. It is very important for an entrepreneur to say what they mean and stand for what is said consistently for it to penetrate through to your customers and potential customers. You have to be constantly straightforward and honest. If something is declared regarding merchandise, a business owner must ensure to deliver on that assurance since it is hard to get a second opportunity to build a first impression.Home based business customers distinguish that they have a say and if they perceive a sham, they would not think twice of telling others. If you wish to spoil your home based business and your name or business name, do not make a guarantee and observe what comes about. If somebody has a query that is difficult to answer, then you should not be embarrassed to let them discern that you will do all in your ability to get the answer right away, and do not disregard them no matter what you do otherwise they would not speak of anything although you will no longer hear from them for a second time and they will set off to the business rival and open out the remark regarding your pitiable service. An entrepreneur’s goal is to be distinguished from the competition.Innovative technologies, in addition to a revolution in the way people, as a social order, feel regarding work, has caused a lot of people leaving the office or work place for the autonomy of a home office. However, home is not only an annex of the office or work place. It is a home base business for a lot of entrepreneurs who are in search of finding a totally new way of making a livingHome based business is a very extensive subject matter. Something essential to keep in mind is that the marketplace is constantly shifting. To be thriving, you have to be ready to continually check and try new-fangled ideas. By no means should you take something for granted and you should constantly seek progress. One factor is obvious, if one proactively endorses oneself and their product, his or her business will fail. Ensure that the product is practical to your projected customers. Check that the product really does what it declares it does. Take on a business at home that is suitable for you and you will discover that it can be satisfying and profitable. Also, when it comes to home based business, distinguish what people require, what they want and willing to shell out for it.Home Based Business is the future for many people of today, the world is changing at such a fast pace today, that sometimes it’s hard to keep up with all the technology that surrounds us. So long as you try to keep yourself updated by spending a few hours each week catching up with the changes, then there is no reason why you will not have the success you desire with your home based business.Copyright (c) 2011 Steve Duval
Real Estate Auctions – The New Land Rush
On a sunny afternoon in Florida, an energetic crowd gathers on the lawn of a high end luxury estate. A loud and eager banter between an auctioneer, a group of bidders and bidder assistants fills the air. For several minutes the auctioneer asks for the next highest bid and the bidders respond. Suddenly the bidders grow silent. The high bidder holds his breath in anticipation of winning the auction. The auctioneer calls for one more bid. In a loud clear voice which rolls over the audience he says, “Fair warning, last chance” the auctioneer pauses, “SOLD!” And in less than 10 minutes another multimillion dollar estate has changed owners.
Successful real estate auctions like the one above are happening all over North America and the Caribbean. Recently real estate auctions have been on the rise, the increase in popularity is partly driven by growing inventories and fading buyer confidence. Properties that were selling in weeks using traditional methods are now languishing on the market unable to attract buyers even as seller’s lower prices. Many say the real estate boom is over but savvy buyers and sellers are profiting from real estate auctions.
Real Estate Auctions Work in Up or Down Markets.
Regardless of trends or market cycles, real estate auctions provide an open and transparent process for buyers and sellers. Properly conducted real estate auctions attract ready and willing buyers and motivate them to act now.
The auction method removes the “wait and see” attitude which serves to further depress real estate values. Buyers are always concerned about overpaying. Buyers gain confidence with their purchases at real estate auctions because they can see what others are willing to pay.
When market demand is high and inventories low, real estate auctions can deliver selling prices well above what a willing seller would have accepted in a negotiated private treaty sale. In good selling climates many property owners using traditional real estate methods; negotiating with one buyer at a time, leave thousands of dollars of equity on the table. During up markets real estate auctions are the best way to establish top market price.
Evaluating Your Real Estate for Auction
Not every property or seller for that matter makes a good candidate for auction. First of all sellers must be ready to sell now and for the current market value. Also a real estate auction will not fix problems caused by a downturn in market value of your property, if you owe more than a willing buyer will pay, be prepared to come to closing with your check book.
Properties that do well in real estate auctions have a high uniqueness factor. Ask your self, “What makes my property different from most others?” Maybe you own a resort property or high end luxury home, commercial properties and land do very well at auction. Real estate auctions thrive on uniqueness. If your property is like everyone else’s, the best thing you can do is offer the most competitive price.
Most importantly sellers must be reasonable about setting a minimum bid. A seller must look at the lowest, most current comps and price below that to generate the interest and urgency necessary for a successful real estate auction. Once the auction begins and qualified bidders start competing against one another you can watch the selling price increase.
Locate a Qualified Real Estate Auctioneer
Start by checking with the National Auctioneers Association, the best real estate auctioneers belong to this organization. These real estate auctioneers are well trained and adhere to a standard of practice and a code of ethics. Many attend the annual International Auctioneers Conference where the latest techniques and innovations in the real estate auction industry are presented.
Find out if the company you are interviewing is a full time real estate auction firm. Many real estate agents are getting auction licenses yet have no experience with the auction method of marketing. Conducting a successful real estate auction is nothing like (private treaty) traditional real estate sales. Go with a real estate auction pro.
You’re probably better of with an auction house that specializes in real estate auctions. There are many qualified auctioneers who have generations of experience selling personal property; furniture, dishes, lawn equipment and the occasional rare painting. Selling real estate at auction is a complex matter that should only be attempted by full time experienced real estate auction professionals.
Commissions and fees may vary, sellers must pay all marketing expenses up front and buyers typically pay 10% of the sales price to the auctioneer of which a share goes to participating real estate agents.
Types of Real Estate Auctions
Auctions are effective because they create a seller’s market. Professionally conducted real estate auctions create urgency, a reason to buy today and competition for the property. Terms and conditions of sale are established ahead of the auction. Real estate auctions will follow one of these three approaches:
Absolute Auction
The property is sold to the highest bidder regardless of price- using this process often returns the highest sale price.
Minimum Bid Auction
Seller agrees to sell at or above a published minimum bid price – this method is useful for internet auctions.
Seller Confirmation or Reserve Auction
With a reserve auction, the seller “reserves” the right to accept or decline any bids usually within 48 hours of the auction. Reserve auctions are used when there is a lien on the property from a lender or a court ordered sale with a minimum selling price.
Online Home-Based Business: Is It for You?
Without doubt, home-based business is the current “fast ticket” item these days. Thousands are driven into it daily, lured by the promise of earning millions from the comfort of their homes. Many, indeed, made it. But a lot, lot more struck nothing but dirt.
Home-based business looks deceptively easy. All you need is a computer, an Internet connection and a product to sell. But is it?
Well, not quite. Home-based business is not for everyone unless you have the following:
- Strong belief in yourself and your capabilities;
- Strong desire to have something more, i.e., more freedom, more time for oneself, more money, more adventure, more fun,
- A never give-up attitude.
That being said, look into yourself to see if you’ve got what it takes.
On the flip-side, people want to go into home-based business for the following reasons:
To manage oneself, not be managed:
We all want to be our own boss. But not all of us are born to be bosses. A lot are destined, and are happy, to be subordinates. It is not easy to be a boss, especially of oneself. A high degree of self-discipline is necessary. If you are capable to do that, half your problems are solved.
Freedom from organizational rat-race:
No matter how small, organizations always have their own internal strife. Bringing different people together in the close confines of an office will always bring out the best and the worst in people. If you cannot stand that, a home-based business is a good option.
Job security:
Our educational system has wired us to believe that employment is the key to job security. The advent of the Internet has proven this wrong. Millions of employees have been laid off because of company re-location, re-engineering, down-sizing and other buzz words. Job security is a myth in the current realities. Nothing is more secure than your own home-based business.
Better paycheck:
Even if you work your butt off, at the end of the pay period you get nothing but what you agreed in your employment contract. An equivalent amount of effort in your own home-based business will definitely earn you more.
No travel time:
The expense and travel time to commute, to and from the office, is a big factor for a lot of people who have gone into home-based business. Not counting the variety of office wear you need to have in your closet.
More quality time with the family:
I once worked with a guy who practically lived in the office to span the time difference with our corporate headquarters. It nearly broke his marriage. People who are into home-based business are free of the rigors of overtime and holiday work schedules. They, generally, are not stressed out and have better quality time with their families. in this area of making a living. They have more money and quality time with their families.
There can be myriad of reasons why people are rushing into home-based business. Not all will succeed but it definitely is worth giving a shot at. Besides, those who did and succeeded are all smiles on their way to the bank.
Is it for you?