Forex Trading Education – The Truth About Forex Education

All professions today require quite a bit of education and hands-on training. Four-plus years are required for nearly every professional class job, with doctors having something around twelve years of education on average, and lawyers having something around eight years. Each one of these involves building a wide foundation of basic knowledge and a period of practicum. From a solid knowledge foundation, most professionals then specialize in a targeted field to become specialists. A profession such as Forex trading is no exception. The main difference is that more of today’s Forex traders are not groomed in Forex education universities. They are individuals that have set out trying to make a living and earn money in the financial world without proper trading education.

There are more Forex training courses available to individuals that want to be successful traders than ever before. Some of these Forex trading courses are only two days or one week long and there are also free Forex education courses with the intent to push additional products. There are plenty of Forex education reviews and testimonials claiming the benefits of specific courses. If a five-day Forex education really works, then the government can save lots of money by sending all unemployment recipients to such training. Suddenly, we would have an influx of high school and college drop outs with everyone signing up for such a currency trading course. So far, the best Forex training courses have not lived up to even 1% of the marketing hype and luxury living they have claimed.

Why are there still people looking for “Currency Trading for Beginners”? The answer lies in the psychology of human greed. Life is tough, and people are constantly looking for a way to easy money or a promise of hope. They are the hopes and dreams that keep each of us going each day. Unfortunately, the marketers understand our emotions, and they will take advantage of our greed to create profits for themselves. There are lots of people providing Forex education training and currency trading courses. Can Forex education be obtained within one week? It is impossible to provide a complete Forex trading education within one year; hence, it is not feasible to accomplish one month, let alone in a single one-week currency trade course.

The best method for Forex trading education is one-on-one. Most Forex educators will not offer this type of setting as they can earn much more money by teaching in a classroom with 40 or more students or by providing training via DVDs. The analogy of Forex DVD training is like having a medical student watching a heart transplant on DVD, and then expecting him to perform the actual surgery the next day.

One-on-one training allows the student to learn at his own pace and to ask questions without being ridiculed by others. With this type of training, the instructor can correct each support and resistance or trend lines drawn by the student. The concepts behind these lines are easy to explain; however, applying them to real live trading is an art which requires lots of guidance. A good Forex instructor will find gaps in your knowledge and will fill them in. Find a local Forex one-on-one trainer near you as it will take your Forex trading to the next level.

Easy Home Based Business for Women

What can be an easy home based business for women? For most of the times, these home based business ideas can be usually misunderstood both by the men and women. A vast number of people play with the idea that it is a simple arrangement wherein one earns a little amount of cash. What they don’t know is the reality that it can actually be a very lucrative means of earning with an income production that can go beyond the typical salary received by an ordinary worker.

Women are among the many individuals who find a home based business the best resort especially when they have a family to raise and take care of. They need to stay home because of their young kids and other concerns. Thus, this opportunity should be taken seriously and be brought all to a higher level.

The Advantages of Working from Home

This kind of business is known to be really flexible. As compared with that conventional job, you can better handle your time. You don’t have to spend much time on the commute or be on a regular 9-hour work. That means less worry and less stress on your part.

With only a minimal amount of effort, you can ensure a regular flow of income. You get to choose your market plus the products you prefer to sell. You have the best market, actually. There are lots of people who are in need of help, knowledge, and answers to all their problems.

Also, it doesn’t take you away from your loved ones. You get to spend time with them doing your hobbies, taking the children to their destinations, running errands, and so on. Simply put, you can get on with your lifestyle.

The online world is flooded with different kinds of home based businesses. Online marketing has rapidly grown over the past years and has likewise provided every woman an opportunity to generate high levels of income. If ever they decide to quit their jobs or if they are required to help their husbands let both ends meet, they can always do so.

So, how do you choose a home based business?

With the numerous selections you have, it is always best to be wise when looking into your options. Research is a must. At the same time, you should be able to identify its source. Your choice should always be legitimate. Among the popular businesses you will be faced with include website designing, multi level marketing, affiliate marketing, blogging, article writing, SEO services, and a lot others.

Selecting should be done thinking of your best interest. Remember that you will only become effective if you have the interest, talent, and skill in making your craft work. If your forte is that of commenting and writing a couple of topics, then, article writing must be a fabulous means of earning money for your needs.

If you are a people person, then, MLM marketing can work to your best advantage. Better be sure that the company you will be working with is something legitimate.

Women should not be weary because the easy home based business ideas come in many variants. This should be enough to give them the thrills and help them sustain their family’s needs.

What can be an easy home based business for women?

How to Tell If a Home Based Business is a Scam

How can you tell if a home based business is a scam or not? First let’s define the definition of scam. According to, scam is a fraudulent scheme, especially for making a quick profit. Scams usually end up with people’s money, and the customer stuck with nothing to show for what they purchased. First, a home based business should have a mission of strictly helping people to succeed. A home based business should also have a mission to provide actual internet marketing training for people who are really involved in starting their own business.The only thing that should be required in any home based business is an operating computer and a cell phone. Everything else should be laid out for the member. As soon as you join any home based business, it should have training sessions for you as soon as you start. For example, when you first start any job there is always a training period at the beginning. So, from day training should be involved. If it’s a really good home based business training should include videos via internet, videos via DVD, call meetings, webinars, step-by-step guides on what to do and what not to do, and step-by-step guides on how to set up different ways in order to bring in traffic to your website.A good home business should also offer 24/7 call support in case you have questions about anything. Although a support call system is very good, that should not be the only way questions are answered for you. A home business should be very professional and include business coaches that are always accessible to you as well as mentors that is there to guide you through your process. How successful can people be if they don’t have anybody to help them?When directions are given, they should be written very clearly so that little to no internet or computer skills are required. Children should be able to understand what to do after reading directions. If they are not, get out of it immediately. One of the most important things to tell if a home based business is good is if it shows real proof. No matter what or how long your involved, it should display massive amounts of proof. In order to get started with anything, usually proof is required.Just like any home based business though, you have to put in work. At the beginning it’s a lot of work. Setting up a Facebook accounts, a Squidoo account, a Twitter accounts, making a blog, posting things to your blog, writing articles, writing press releases, being involved with training calls, watching training videos, reading training guides and things like that are all required. A good home based business should show you how to use all those marketing skills, but it’s something you have to take time to do. It takes work to be successful.

Home Based Business Ideas That Anyone Can Use to Start Your Own Online Business

Do you want to start your own home business but you have no idea what to do? Then you need to know some home based business ideas that you can use to start your own business. There are many different business opportunities available online but you have to take time to research each one before you choose which one to start your business with. This is imperative to you being successful with any business online because if you don’t like the business you are doing then you will always struggle to make cash online with it. This article is going to give you some ideas to help you get started finding the right business for you to start.Here are some different home based business ideas that you can start researching today.One: Sell products on eBay -This is one of the more popular home based business ideas because it is easy to make cash online with this type of business. You just need to find products to sell on eBay and you can start your own eBay business today.Two: Be a ticket broker -This is one of the home based business ideas that are becoming more popular every day. To start your business as a broker, you just need to find the different business opportunities that you can use to learn how to do this successfully. You want to make sure you find the opportunity that will teach you how to make cash online with this business.Three: Start your own writing business -There are many different people online that need many things written for them because they don’t have the time or the talent to do it themselves. So, if you know how to write, then start your own writing business where you write articles, reports, eBooks, sales letters and many other things for other business owners.Four: Use affiliate programs -There are many people that start their own business by promoting different affiliate programs. You want to look at the different affiliate programs that you find and find the one or more than one that will help you make cash online.These are just a few of the many different home based business ideas that you can use to start your own home business. There are many other ideas and business opportunities that you can find if these ideas don’t appeal to you. You just want to make sure that you take the time to research any opportunity before you decide which one to start your business with. This will help you be successful with the business you start and will help you make cash online.

Legitimate Income Opportunities For a Home Based Business

With the current economy sinking ever lower, many people are searching for real income opportunities to start a home based business. It sometimes seems hard to find options that are legitimate, but there are things that anyone can do to make money from home. Here are some ideas to get you started in the right direction.Decide whether you want to make money on the internet or by another means. Millions of people make a full time income and more online, while others find other home based business income opportunities. Choosing something you will enjoy is the secret to being successful with your own business!Income Opportunities for Home Based Business – Some Tips1. Making Money Online – There are many ways to make good money on the internet. A few of them are blogging, freelance writing, affiliate marketing and web design. There are many other options, but these are probably the most common ways people earn a living online.2. Learn a New Skill – If you have an interest in a profession such as bookkeeping, medical billing, or even testing new video games, there are many home based business income opportunities available that you can learn or get training for online. There are many guides and online courses you can take on the internet.3. Use Your Interests and Hobbies – Do you have hobbies and interests that could be turned into a money making home business? Nearly anything can make you money. For example, if you love cooking, making jewelry, photography or even fishing, you can make money using your hobbies. Start a catering business, sell your jewelry at parties and online, start a photography business or create unique fishing lures and sell them online! The only limit is your own imagination.These are just a few ideas you can use to come up with home based business opportunities that will provide you a good income.What are the requirements for starting your own business? Writing up a good business plan is the most important step. You should know how much your start up costs will be, what your competition is doing, and how you will market your business.To be successful with a home based business, you should also be very motivated and willing to work. Being able to work without supervision is also important, because YOU are the one keeping the ship afloat, as they say. If you have the right mindset, you can be successful and easily make a good income from your home.Need more help deciding on what income opportunities for a home based business are right for you? Get ideas, tips and resources below!

Finding Houses For Your New Property Business

Last time we looked at Market research and one of the topics to be researched was properties that are currently available to rent in your locality. You can find these on your competitor’s web sites and listed in the local press. Make a list of ALL the property available near you. It’s an excellent exercise to type them out on your word processor and list them in order of price. Most property letting agencies list prices as PCM. That’s price Per Calendar Month, though in some areas prices are listed on a per week basis, especially in and around London. Make sure when you compare prices, you are comparing like with like. You’ll need to double check to see how the agencies list properties in your country, in your area.As each newspaper ad appears, enter the new prices on your list in the correct position, cheapest first, most expensive last. What’s the point of this? You are soaking up almost without noticing what a detached bungalow might be worth (rental wise) in one area of your town or district, or a two bedroom apartment in another. It’s all part of building your knowledge into becoming THE local expert in property rentals. And when it comes to valuing properties for rental for real, you will already have a comprehensive register to refer to. True, these properties are not yours, not yet, but that doesn’t matter, you can go to school on these valuations, and they will teach you a great deal.But of course you need properties to let yourself, so let’s get them. But where are you going to find them? They are out there and they are waiting for you, believe me, more than ever before. Here’s where. 1. Do you or any of your friends or relatives have any property sitting empty? Has anyone you know passed away recently? If so what has happened to the house? Do you know of any property that has been up for sale for months and hasn’t sold? Any of these could be your first instruction. Check out with the owners and casually ask them if they have considered letting. If a property is standing empty it is costing money. If it is let, it is producing money, and that’s a big difference. And think about this. When people inherit property why are they always in such a hurry to sell anyway? The answer of course is money, they have probably never seen so much cash before, and can’t wait to spend it on a world cruise and a German sports car. But what happens in a year or two when the money has gone? They are back to square one. Stoney broke.But if the house is rented out, that property will generate money forever, not counting the fact that over time it will increase in value too. You can only sell a house once, you can rent it forever, and like everything else over time those rents will increase. If you know someone who is desperate to sell a house they have inherited, have a word with them. Point that out to them. Why Sell? Why do people sell? It is a mistake. If they are desperate for some cash they could always see the bank manager and take out a loan, but keep the house. It is a cash cow, always has been and always will be.Secondly, why not rent out the house you live in now? What! Yes, I’m serious, you want property to let don’t you? Why not start with your own? Perhaps the kids have grown up and left home and you are now bouncing round in a large 4 bedroom home. Do you really need all that space? You probably don’t. So why not rent a smaller cheaper two bedroom bungalow to live in for a year or two, and rent out your house? You’re not selling your home after all, and if you miss it that much you can always move back into it when the tenancy agreement expires. And if you are going to rent out your own home, make sure you value it highly, because there is no point in going to all that expense and trouble unless you are making money doing it. Right? Value it highly and if it lets, you make money, if it doesn’t let, so what, you have lost nothing. I have done this twice and it worked very well for me.But we want more, of course we do. Put on your walking shoes and get out and take a trip round the area. Take a notebook and visit all the sites where postcard ads are displayed. This might be at the post office, a works canteen, a supermarket, shopping malls, the newsstands, anywhere where small ads await you. It’s common to find properties listed there. May be two or three on each site on a good day. Jot down the details and especially the telephone numbers and return home. Of course these properties are not yours either, but with a little effort they could be. How? By ringing the owners of course.Cold telephone calling is not an easy thing to do, and should only be done when you are feeling at your brightest. Make a couple of notes of what you have to say before you call anyone, as we can all dry up on the spur of the moment. Smile, and ring them up. You don’t have to see a person to know if they are smiling, you can hear it in their voice, and don’t we all prefer to deal with cheerful attractive people? Everyone’s attractive on the telephone! You ring, and the person answers. Imagine it is someone advertising an apartment to let for 500 per month. Be polite, say good morning, be honest and upfront and tell them that you have recently started a new lettings agency, that you have good tenants waiting, (you will have the moment you begin to advertise, and I’ll come back to that.) and that you might be able to let their flat. Sit back and wait for their response!Some landlords will not speak to agents under any circumstances. Some landlords would not do business with an agent even if you offered them 10,000 per month and free beer forever. Life’s like that. Landlords are the same as the rest of us, some are open-minded and will consider any reasonable suggestions, others are closed minded and stupid, some are downright rude, abusive even. Good luck to them. All you were trying to do was help them let their property, and if they couldn’t see that, it’s their loss.Some landlords might say “no I need 500 just to cover the mortgage so I couldn’t afford to pay an agent fee on top.” That’s OK, you could pay them that 500 per month, if you let the property for 550 per month, (allowing for your 10% commission)and that’s so close to their price as makes no difference. Suggest putting the flat on your books for 550. At this stage all you want is the instruction. In the initial period price is secondary. Get the instruction first, and then worry about letting the property afterwards. Tell the landlord you would be happy to put it on for 550, and as it will be on the basis of no let – no fee, what has the landlord got to lose? Nothing, in effect they are employing you for FREE, they only pay you anything if you succeed. Most intelligent people could see the merits in that.And then there are the amateur landlords who have no idea what they are doing. Perhaps they have inherited granny’s house, and they really don’t want to sell it, but on the other hand they are too busy to be chasing round after tenants all day. Perhaps they don’t know how to find tenants, or how to reference tenants. Not everyone knows this, don’t imagine they do. These landlords are precisely the kind of people you are looking for. They are the perfect client for you and when you come across them, court them furiously. You could solve all their property problems for them, and make some money for yourself. Suggest they might like to meet you at the property that is to be let.If they show any inclination to do this, make an appointment to go and see them as soon as possible. Don’t make the appointment for next week; don’t make the appointment for tomorrow, what about this afternoon? What about in twenty minutes? Enthusiasm is everything. Huge & Impressive probably couldn’t meet them in half an hour, but you could. Take your camera and ask if it is OK to photograph the house. Take your diary and note everything that needs noting. You don’t need to measure the rooms, no letting agency does that, don’t even consider it, as it would be a waste of time and could cause you headaches in the future if you made a mistake.Remember, you will do anything within reason to land that property, and if it includes going out in the rain in ten minutes time, then do it. You can do exactly the same thing by ringing private small ads you see for property to let in the local paper. Ring them up, introduce yourself and offer your services. Offer them a small discount if need be. But remember this, you will be backheeled many times, rejected, but hey so what? You will also be invited to take it further plenty of times too, I guarantee it. Why? Simple, because there are so many new and amateur landlords out there, many of whom have property standing empty, and many of whom simply cannot afford to have no revenue. If they do, they run the real risk of the house being repossessed if the mortgage isn’t paid. Not all landlords are rolling in cash, it’s very easy to get into buy-to-let property, but sometimes very difficult to get out of it. These landlords are trapped, they HAVE to let the property and that is why many will be only too pleased to hear from a cheery character (You!) who might solve all their problems. Be persistent, keep at it, and once you have put together three or four properties you will be a step closer to truly launching your business.It is important that from day one that you include actual properties to let in your initial ads, because that is the main reason most of your potential customers will read your ad, to see what you have available. Be creative, be enthusiastic, be clued up and confident, and you will attract properties and you will let them. Believe me, there are many desperate landlords out there and they will instruct you if they think you might shift their empty houses and apartments.Take another look at the other agent’s ads that run week-in-week-out in the local papers. They can only afford to pay for these ads because they are producing the business. But a word of caution here. All property advertising always produces less response than you optimistically imagined. But that’s OK, because every property you sign up and rent out will produce for you around a 1,000, up towards $2,000 in revenue over the year, some more, some less. So you don’t need to sign up and let tens and dozens from each ad, nice though that would be. If you can sign up two or three in a week, and let one or two of them when you are starting out, then you are doing very well, and your business will grow surprising quickly.If you rent just one property a week you’d be on target for more than fifty successful lets by the end of the year. If you do that you are on target for a 50,000 per year income, (almost $90,000) and that is before all the other revenue streams that you can tag on that we will look at a little later. Yes I know you will have expenses, but what business doesn’t? I let twelve properties in one month during my first year, and you can imagine how delighted I was with that, and there is absolutely nothing to stop you doing the same.Just the opposite in fact, because as I said earlier, there are more properties to rent around the world today than there has ever been before, and more people seemingly wanting to rent them. Yes there is competition, of course there is, but you are on the way to becoming THE expert on rental property in your area because you are studying everything there is to know, and because YOU are far more enthusiastic than your tired rivals who don’t really care whether they miss a particular property or not.Look out for the next article in this series entitled “Finding Tenants For Your Property Business” and good luck with your business in the future.

Find Low Or No Cost Personal Finance Software

The Internet can be used to accomplish many tasks today, including managing one’s personal finances. There is personal finance software available with many attractive features, including bill payment and budget spreadsheets. These are effective tools used to help people to keep track of their money and reconcile their accounts. There are low and no cost software packages to choose from to aid in the financial tracking process.

Personal money management software is widely available, with process ranging from about $20.00 to about $40.00. There is also free financial software that is usually comparable to its paid counterpart. Many of the packages come with certain perks to help them to stand out above the rest. Some of these features include the ability to pay extra to access the software from mobile PDA devices so people can keep track of their money while they are out and about.

A few personal finance computer packages are doing particularly well on the software market. Moneydance, for instance, is a premiere package that is available on several applications, including Windows, Linux and Unix. This software program has many impressive graphic tools that are user friendly and help people to handle investments, can do many things to control personal finances, including managing portfolios, online banking and budgeting. This software is moderately priced and can be found online at a number of software and consumer product websites.

The Fortora Plus Finance software package can be installed on several computers in a network. It is available on Windows and Mac computers and is very colorful and user friendly. Bank information can be retrieved from most banks and the software comes with an attractive free trial program that allows certain number of transactions for the accounts in the free trial program.

Many people prefer to use some of the online software programs to keep track of their finances and portfolio organization. Programs such as ClearCheckbook have amenities that are comparable to a few of the higher priced, paid programs on the finance software market. ClearCheckbook is an online program that lays out all finances with a clear look at the all aspects of personal money management. Customers can engage in bank transactions, set spending limits for themselves and keep track of their expenditures.

Personal finance software is a very practical tool that be used to help manage all aspects of personal finances. There is free and moderately cost software that is available on Windows, Mac and Linux in some instances. This innovative software can be set up to set a budget, track finances in a way that is tailored to the needs of the user.

The Five Best Ways You Can Use Publicity To Get Free Advertising For Your Small Business

Let’s face it. The world of having your own small business is tough. Expenses are large, and often, revenue and cash flow are not. So the entrepreneur in the small business world always has to find ways to be creative in how he or she markets and advertises, with the goal of finding new local customers and better ways to increase local sales. It is an added bonus for the business owner when publicity comes his way. Hopefully it will be positive in nature, and more than likely, it will be free. The key to making this work for you, the small business owner, is to develop ways to generate positive publicity about your small business, and therefore, increase your cash flow. There are several different ways this can be done, and with a little work and steadfastness on your part, you will find a way to turn local small business publicity into a profitable venture for you and your family.

1. Become a Feature Story

One of the easiest ways to generate a little bit of talk about and interest in your small business is to invite a local newspaper, magazine, or news channel to feature a story about you and your company. This should be of no cost to you other than some persistence in calls to get someone interested in your tale. These types of publications and local news shows are always looking to feature someone from the community who has a success story or some advice to offer to others, and if you can find just the right angle to catch and interest readers and viewers, then they will love to publish your story for free. On-air interviews, via television or radio, also work well as this gives local viewers and listeners the opportunity to see or hear with whom they would be working if they were to patronize your business. This type of publicity is free and advantageous to all parties involved, and can typically help your business locate new customers and hopefully spark new interest in the services that you have to offer.

2. Become Active in Your Community

If you are not already, look for ways to get your voice heard within your town and neighboring communities. Any time you have a public forum in which to speak, you must do this. This is an absolutely free way to get your name, face, and name of your business out there and to get people talking, and you may even be compensated for your time by whomever it is holding the event. Local Chambers of Commerce are always hosting programs at which they love having small business owners attend and speak, as do Rotary Clubs, schools of many varieties, and possibly even churches and other places of worship. Speaking at these types of events is an easy and often quite profitable way for a small business to get some publicity, and in turn, free advertising.

3. It’s the Small Things That Count

How many times have you been driving down the road these days and seen vehicles painted or emblemized with a company logo? We see that every day and often, those things really stick in our heads. What an easy and cheap way to advertise for your small business! This type of publicity draws people in, and is a great way to advertise your company logo, phone number, and even web address. Make everything you do a way to advertise for your small business. Wear company T-shirts, put your logo on your car and your laptop, but get that name out there and exposed to the public.

4. Use the Internet

This sounds easy enough, but you would be surprised at the numbers of small businesses that are not taking advantage of the Internet and the multiple small business Internet marketing tools that are available to them. Many on-line forums will allow you to join the group and give you space for free introductions. This is a great chance to work your company name in and have it introduced to a brand new group of people.
You Tube is available for free video for your company, and networking in general is just so important. Once you establish some contacts, offer to have a link established on your website to others if they will return the same favor to you. This is a win-win situation for all who are involved.

5. Freebies

Be willing to give a little of your time. Offer free estimates, customer referral plans, and other such incentives that will encourage more and more people to support you and your small business venture. Furthermore, make sure that you get yourself and your company listed in any free local directories that are available.

The small business world is tough, but manageable, with the usage of these five simple tools that can help create a buzz about your business and provide publicity and free advertising. Of course, advertising is so important in the business world, and if you utilize these things along with your paid ads, your business is sure to profit and remain a hit for many years to come.

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.