During my time online, I have come across lots of people looking for the ideal home based business opportunity to work in. There are certainly lots of things you could do to make this work for you, but you should understand that what works for one person may not work for another.For instance an internet home business could be built out of several different income streams. And I think this is by far the best way to go. Why rely on a single stream of income when you could be earning from lots of different ones?One important thing to remember is that it takes time to succeed, no matter what kind of home business you want to set up. A lot of people are impatient and I think this is the biggest reason why so many of them fail. Yes, there are people who succeed in creating their own work at home business in just a few days or weeks. But for the most part it takes longer than this to set up something you can look forward to earning real money from.If there was one really important thing I could recommend to anyone who wants a successful home based business opportunity, it would be this – do something you love. This gives you the determination to persevere and make it work.For instance, let’s say you know someone who is making a mint at blogging. They create lots of different sites they update now and again and populate with AdSense ads. This is all very well and it would be tempting for you to join in, wouldn’t it? But if you hate blogging it will never really work for you, because you’ll look on it as a chore to keep all those blogs updated. If you even get that far, that is.I know how tempting it is to want to dive straight in to the first opportunity you come across. But you don’t just have to ask yourself whether it’s legit or not – you also have to ask yourself if it is right for you.I really do think that passion has a lot to do with who is successful with their home business and who isn’t. If you have the passion for what you want to do, it will carry you over all kinds of different obstacles. Working from home can be a drive for some people in itself, but I know that being able to work at doing what I love is a big reason for my own success online. Could it work for you too?The point I’m making here is not to rush into anything too quickly when you want to build your own business from home. This is going to set you up for failure, just as it did me when I first tried to start along these lines. By spending more time figuring out what I was good at and interested in, I ended up picking the right home based business opportunity for me.
You Can Find the Best Home-Based Business and Make Real Money Online If You Understand This
To find the best home-based business for YOU, a key to making real money online one must first start with a little research. While it may look like all home-based businesses are equal in their income potential, there are some critical components that an online business must possess to give you the best chance at success.It All Starts With YouTo find the best home-based business for you, consider your skills and interests. Are the products or services that you would be selling something that you can promote with enthusiasm? Also consider your marketing and web skills. If you feel your skills in these areas are inferior, then you should definitely make training and support a priority.A Solid Business PlanThere are two strategies for being successful in a home-based business; you can either go it alone by creating your own business or you can join an established business like a network marketing program and simply duplicate the strategies that others have parlayed into success. To go solo, one should already have a product or service to market AND the skills to build an internet business from the ground up. This approach can take a long time to get into profit, since critical pieces of a successful business must be established.If you wish to build your business more quickly, then joining an already established network marketing company may be more towards your liking. Do your research here to find a business whose products reflect your interests and already has a successful business plan in place. If you go this route, be sure the company you choose has superior training and support and offers business tools you’ll need to be successful.Resources Versus OutsourcingEven the most experienced solo internet marketer occasionally needs the help of experts who can help complete projects for which he either lack the skills or time to do himself. A simple Google search on “internet marketing outsourcers” will reveal a host of places to find these talented individuals. Indeed, you can find web designers, article writers, copywriters, or virtually anyone you need to help you grow your business. If you choose to participate in an established network marketing business, these resources (or at least most of them) should already be available to you. In fact, the top home-based businesses have ready-to-use websites, autoresponders, sales pages, and fulfillment programs in place, ready to use. Here, you won’t need to spend time developing the infrastructure of your business, so you can concentrate on results and making real money onlineThe Credibility FactorIt wasn’t long ago when owning an internet business was considered risky. But today, as more and more marketers are showing that you can make real money online, online business ownership has become much more widely accepted. In fact, most brick-and-mortar businesses have an online presence, and many have used the internet to extend their global reach. For this reason, owning a home-based online business has become very attractive to people looking to improve their financial status.To continue the rise in credibility of the online business and network marketing models, we should all choose to offer quality products and services with superior customer service and ethical marketing strategies.It’s taken a few years, but internet marketing has now “come of age.” And with research and planning you, too can find the best home-based business for YOU, and make real money online.
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.