Get a Student Education Loan to Complete Your Study

Education is of prime importance in our lives. Although, Government of India has made education free and compulsory up to 14 years of age; it is getting extremely expensive to get quality education. The scholarships offered by esteemed universities are very few in comparison to the many hopeful and deserving applicants. Due to the expenses, eager minds of these students are left unbridled. But all’s not bleak and gloomy, in fact, now the situation is quite the contrary. Education in India is thriving thanks to student education loans provided by many government and private banks. Let’s take a look at some of the features of student education loans.

Generally, education loans are provided to students of Indian nationality within the age group of 15-30 years. Another requisite of it is that the student applying for the loan must have a working parent or a guardian to be the guarantor. The loan approval will be based on the capability of the borrower and the guarantor’s assets, liabilities, income, etc. Also, the student must hold a good academic record and he/ she should have secured admission by clearing the necessary entrance examinations for that course.

One can benefit from the student education loan for courses in India which are approved by the state and central government as well as courses from foreign universities. The nature of the course and the reputation of the university may be checked by the bank providing the student education loan. The student education loan covers tuition fees, library, hostel, as well as other expenses of books, uniforms, travel, etc.

Loan Limit
The maximum loan limit for studies in India is Rs. 10 Lac and the maximum loan limit for studying abroad is Rs. 20 Lac. If the loan is for Rs. 4 Lac and above, then 5% of the margin is applied for studies in India and 15% for studies abroad. For loan up to Rs. 4 Lac, there are no security requirements. However, if the loan amount is higher than that, then one has to provide some like property, LIC policies and Government securities. Many institutes have tie-ups with banks thereby providing lower rates. Also, some banks offer lower rates to female students.

The repayment option for a student education loan is very flexible. Usually, one has to start paying the EMIs after the completion of the course but in case the student does not get a job then a grace period of 6-12 months is offered. In the due time, if the student gets employment then he has to start the EMI payments. The period of repayment varies from bank to bank. It can be from anywhere between 3-15 years.

These days almost every bank offers student education loan, so you will have a wide range of plans to choose from and get the best one according to your needs and requirements. This loan assists the youth of our nation in pursuing their aspirations. So, the next time your son or daughter tells you of their dreams, you know how to make them come true!

Secrets You Need To Know About Making A Home Based Business Plan

A lot of people think that staring up their own business from home is easy because they can do it while sitting at home. But what they do not realize is that before they can actually push through with the business, the first step to take is to make a home based business plan. Business plans are necessary if you wish to start up your business even if it is home based. It helps you map out the steps that you need to take in order to jumpstart the business. It puts your business on the right track so that you will be sure that it will be profitable in the long run.

When writing a home based business plan, you must consider the purpose of your business, why you started it up and what you need to accomplish. Establish your goals. If you write them down, then you will have a basis on how you want your business to function. It is also good to set a projection of when you intend to achieve such goals. It will also be helpful if you describe in detail what your business is all about. This way, you are able to put a definite structure on your business.

Remember to include your target market when making your home based business plan. This will help you think of possible products or services to sell. Know what your target market wants in order to cater to their needs. It is also best to include the steps that you will take to be able to meet those needs. List down all the resources that you will be using like the suppliers or the staff you wish to employ. Most importantly, compute possible costs and profits early on so that you will be able to estimate if your home based business will be profitable even before actually starting it.

Five Benefits of Owning Your Own Home Based Business

Many individuals are really struggling financially in today’s economy and are starting to believe that having their own home based business is the solution to their unemployment problems and also a way to make extra income. They are finding it very hard to pick up a job and it is getting worst as each day go by.In having your own home based business you can work from home and be your own boss. But a lot of people do not really know how their own business can benefit them, so this article is going to give you a few tips1. With having your own business you don’t have to worry about any one been a boss to you, or ever getting fired or laid off. When you are your own boss you can work your business however you want.2. You plan your own schedule. You decide when you work and how long you want to work. You will have no one making that decision for you, but you. You just have to remember that you have a business and you got to work in your business. But the good thing is that you can work whenever you want.3. Take a vacation whenever you want. Many people do not get the time to go on vacation after working an entire year but with your own home based business you are able yo do just that and you can go at whatever time you so desire.4. Time with family is a very important part of everyone life’s dream but many people just cannot do this because of their job commitment. But on the other hand having your own home based business allows you the opportunity to do this. So working from home does have a lot of advantages.5. When you work from home you are able to have a lot of valuable time to do things you love, always wanted to do and was never able to. You can work at your own pace. Having your own business is a good decision. You just need to spend time working it for it to be successful.There are many more reasons why having your own home based business is great but these are just a few, and to a lot of people the most important. So if you do decide to work from home go for it don’t let anyone or anything prevent you from fulfilling your dream. It is good to be your own boss, you will discover when you start your own business.So you see if you really have decided that you do want to start your own home based business then go right ahead you will be glad you did and furthermore you will not regret it later on in life that you did not take the necessary action.

Home Based Business Opportunities – 5 Tips to Help You in Your Search

For many budding ‘homepreneurs’ (home based business entrepreneurs), starting a search for a legitimate and lucrative home based business opportunity can be a very daunting prospect. The terms ‘Pyramid scheme’ and ‘Scam’ strike instant fear into the heart of every would-be home based business owner out there. So given that there are some absolute diamonds in amongst the rocks, and a growing army of people out there who have been able to sift the wheat from the chaff and are now achieving stellar results from the businesses that they are running from the comfort of their own homes, how can you be sure that you will meet with similar success. Is there a simple check-list that will help you decipher the facts from the fiction and get to the results quicker?Whilst it is certainly true that to become a new-wave entrepreneur you do need to be open-minded and a lateral thinker, open to new possibilities and new ways of doing business, you certainly should not be leaving your common-sense – or your morals – at the door when you embark on your search. Finding the right business may take some time, and will certainly require you to do your due diligence. But to help you, I have put together a simple check-list of 5 of the most important things I believe you should take into account when deciding how ‘real’ any business opportunity is and how likely you are to be able to succeed within a reasonable time frame.1) Is the website original or is it just another generic spin-off promoting a company that promises you can ‘get rich in the next 48 hours’? People with a real business to offer will have something real to promote, and most likely the website will give you an insight into who they are and what it was they wanted when they came to the industry. How original (or genuine) do you think the person is who lies behind a generic ‘sign-up’ here website plastered with Ferrari’s and fake cheques?2) Is there a phone number on the website? Can you have a conversation with a real person, who actually cares about what it is you are looking for and can honestly advise you as to whether their company may be able to help? Or are you dealing with an automated system, that assumes you are a moron and tells you that all you need to do is sign-up NOW and then find some other morons who might like to do the same?3) Do you know roughly what it is you are going to be doing? Any business worth its salt should have an ‘About the Business’ section on the website that gives you some idea of what you will be doing or selling.4) What Training & Support is available to you after you have joined? You can have the best business in the world but if there is no-one there to train you when you start, you are going to waste an awful lot of time figuring out the nuts and bolts before you can get out there and start driving.5) Is there a set-up fee? This is a tricky one. Many people, when they first start looking for a business assume that they can get started for free and be a millionaire in 48 hrs. Ask yourself this question: why do Franchises have such a considerable set-up fee? (Answer: because somebody spent an awful lot of time and money figuring out a system that worked and then invested a huge amount into providing training and a solid support structure for each new business owner who starts in business with them). A home based business opportunity is no different. Yes, you can set up your own business and try and figure it all out, but if you are looking for a business that is going to provide a proven structure for you with high-quality training and support, that is going to significantly improve your chances of success, who do you think is going to bear the cost of all that? The company has to make a profit somewhere! You can invest in a proven system up front or you can count the cost of failure later. But business is business. If you start a business for free, what do you think is the value of the training on offer? And just what do think the level of commitment is going to be from a person who invested nothing in themselves to get started?I will leave you with what I think is the final acid test in deciding how confident a business is in itself and its system:DOES THE PRODUCT OR SERVICE COME WITH A MONEY-BACK GUARANTEE? This for me is the real deal clincher. If the company is not prepared to back itself, do you think it is worth backing the company?I hope these tips help you in your search, and I wish you every success in finding the business that is going to drive your dreams forward for you this year.Successful searching!

How to Guarantee Home Based Business Success

Most people who start a home based business never make any money at all. How can those people be guaranteed they will run a profitable home based business? A few simple steps is all it takes.Just like in school, those who do their homework will be prepared for the examination. The homework that needs to be done before someone starts a new home based business is simply answering a few questions honestly.The first questions deal with the product or service the business owner will be providing. Many sell what they say are home based businesses where the product is of little or no value. Some people buy into the business venture because they are led to believe that others will also pay thousands of dollars for a product that has a realistic value of about $40. If the product is something people would only buy to go into business, that is not a real product. It is just a fancy money game with a token product.If the product is something that is really worth the price, the next step is to take a look at the competition. Often products sold through network marketing can be over priced compared to the competition. Part of the homework assignment will be to determine if there is real value to the product when it is compared to the competition.Armed with a real product that will offer consumers value, the next step is to devise a marketing plan. There are many ways to sell products on the internet and off the internet. Some home based business models provide marketing systems that are ready for you to activate, while others may require you to build your own websites and system.Take a long look at the marketing system to see where any potential problems may be. Often, an internet based marketing system will provide websites, automatic email systems, instructional videos, live and recorded web presentations or conference calls and some training. Will the system allow you to effectively market your product? Can the system be customized for you? Can you successfully market the product with the system? These are some of the important questions a potential home based business owner must ask.The next big questions deal with support and training. If the potential home based business owner has not owned a successful business of this type in the past, this is a vital question. Make sure the training is available when you need it. Live interactive web video training would be best, and if recorded copies of the training are available to you that’s an added plus. However, group training is no substitute for someone who is knowledgeable and successful in the business consulting with you on a one on one basis.The next question is the most important. If you have the product, the system, and the support, there is just one more ingredient involved in making your business profitable. That ingredient is you. You must answer these questions honestly. Are you willing to devote the time and take the action necessary to make your business successful? Are you willing to miss or record a TV show so you can attend training? Are you willing to make the phone calls if that is required?In reality, most people don’t really fail at business. They just fade away from it and don’t take the action that is required.If you have done your homework and are willing to roll up your sleeves, you can be successful. Armed with a real product, marketing system, support and your own strong will and persistence you are guaranteed success.

Buying An Overseas Property – Getting It Right From The Start

Do you worry about issues like:o Where do I find an honest company?o How much money will I need?o What investment options are available to me?o How easy is it to buy an overseas property?o What are the implications of the purchase process?o How can I be sure that the company I’m buying from really exists?o How can I be sure that my property will be built?o Even worse, how do I know that the company won’t run off with my money?o How do I know that my property will be legal?o Will I be able to find my way through all the potential language and cultural problems of buying an
overseas property?o Will the company offer me support throughout the buying process?It’s only reasonable to expect that you want answers to these very sensible and pertinent queries even before moving on to consider other important issues such as location and the most suitable type of property.Why is purchasing property overseas a sound investment option?History shows that on average property prices around the world double every 10 years.
Even with the UK property market crash in the early 90′s, values recovered and since then have soared to record levels. Fluctuations are likely to happen as with all investments but property does, over time, seem to recover better than most.Let’s look at the statistics. Research tells us that the average house price in the UK is approximately £180,000 and the interest rate is 5.5%, the highest it’s been for six years.TOP TIP
You must consider your options carefully and research which countries are likely to perform to your desired level and at the same time, negate any potential downturn in property values in
that country.You only have to look at the statistics on the right to see that in the UK, property prices have doubled in just under six years! It’s highly unlikely that this will continue, so looking further afield to other property markets may be a better option to benefit from future price increases elsewhere.Property investment is a long-term commitment, not a short-term solution, but for those who remember that fact, the rewards can be great. With UK property prices at an all-time high, more and more first-timers, unable to afford even a studio flat on the domestic front, are looking to the overseas market as their best chance of getting a foot on the property ladder.
Source: statistics show the increase in UK property prices over the
last 30 years:o 1977: £12,835↑43%o 1979: £18,402↑33%o 1981: £24,543↑11%o 1983: £27,208↑26%o 1985: £34,338↑23%o 1987: £42,283↑46%o 1989: £61,575↓-8%o 1991: £56,417↓-8%o 1993: £51,846↑2%o 1995: £52,835↑9%o 1997: £57,724↑21%o 1999: £69,791↑24%o 2001: £86,855↑43%o 2003: £124,050↑27%o 2005: £158,029↑15%o 2007: £181,574When it comes to considering overseas property, you are by no means alone.
In recent years there has been a 250% increase in the number of Britons buying property abroad solely for investment purposes. (Source: families have already invested over £23 billion in overseas property. (Source: [])Experts predict that by 2020, one-tenth of the current British population will be living and/or working abroad. (Source: 2,400 people register an interest with Vogue Estates every month and more than 10 million searches are performed on the subject of purchasing property overseas
on the internet.More and more British homeowners are using their family home in the UK to fund the mortgage on an overseas property
through equity release. Others are simply using a substantial increase in inheritance funds or savings to get on the overseas property ladder.TOP TIPYou can purchase an overseas property for as little as £20,000-£25,000 and only need to pay a minimum of £2,000 to secure a property today.Where should I be looking?With EU membership ensuring a balanced distribution of economic wealth between countries, many new EU members are set on improving their infrastructure and attracting foreign buyers to piggy back their growth.There is no doubt that being welcomed into the EU fold has caused the property market in countries such as Hungary and Bulgaria to thrive; in Ireland and Spain prices have quadrupled over the last 10-15 years.Experience has shown that developing countries make the best choices for investment and getting in at the ground level maximises your investment returns.Further afield, countries such as Brazil and Morocco have been quick to utilise their tourist markets and develop their property markets at the same time.Thousands are making this first step every month and so can you.TAKE NOTEIt´s important that you contact a company that´willing to answer any questions, no matter how basic or trivial you may think they are. It’s all part of the service commitment to you.TOP TIPShrewd investors don’t wait to buy – they buy and wait.What are my other investment options?
Traditionally investors have looked to the more obvious investment vehicles to provide them with a solid return on their money:1. Stocks and shares – the market is volatile and is extremely
high maintenance.2. Pensions – the state is looking more and more to citizens to
make their own provisions for their old age. Unfortunately the
record of private pension companies has been extremely poor.3. Bonds – on the positive side these are low risk but, as a result
of this, returns are modest and may only just offset the rate
of inflation.4. High interest accounts – perennially popular, but the downside
is that they tie up large chunks of your capital for long periods
of time, meaning it is inaccessible or, at best, only released at
enormous cost.5. Art and antiques – Requires expert knowledge. Your chances
of detecting the first flowering of genius in the next Damien
Hirst are not good.Property is unique in the amount of enjoyment that it can offer its owners and with relatively little maintenance.You can invest purely for capital appreciation or you can rent your property out to make a profit (rental yield) or cover its costs. You could even do both and make time to use it yourself with family and friends. There are many different options at your disposal.Equally, your property investment choice can extend to investing in the quality of your lifestyle.TAKE NOTEProperty millionaires have been created at the rate of more than 58,000 a year since 2001 and by 2010, there will be around three quarters of a million millionaires through rises in property prices. (Source: The Centre for Economics and Business Research)Can buying abroad be easier than buying in the UK?If you choose the right company you can avoid many of the problems that UK homebuyers experience.
Most significantly, you can avoid the banana skin of the housing chain which often collapses, leaving would-be purchasers stressed, angry and, in the worst case scenario, homeless. Since you’ll be the first to buy your overseas home, you won’t encounter this potential pitfall.You also won’t experience the usual horrors of gazumping and sealed bids – the price that is first requested is fixed when you pay your reservation deposit.The amount that you will need to pay to fix the price, secure your property and remove it from the market can be as little as £2,000. The balance can be paid in staged payments throughout construction or via a mortgage on completion.Take a look at the following scenariosWould your UK estate agent offer you the following services?o Carry out surveys and checks of all legal documents on your
behalf prior to purchase?(In the UK you would pay for the services of a surveyor)o Be on hand to answer all your questions and transfer to the
relevant parties any queries that need expert advice?
o Smooth out any problems that might occur, removing the
worry from your shoulders?o Carry out a stringent due diligence process, ensuring that your
chosen property is fully legal and licensed?o Remove the need for you to speak a foreign language?How much money will I need?You don’t need to be a property mogul or Premiership footballer to own an investment property abroad these days.You can secure a property with less than £10,000.
By this, we mean that your reservation deposit and the first payment that you will be required to make 28 days later will be enough to launch you into the overseas property market.Some properties require no further payment until completion, when it is usual to finance the balance with a mortgage or equity release from your UK property.Others request smaller payments at regular intervals.TOP TIP
If you are looking to finance some or all of the purchase price, it is advisable to seek an independent financial advisor before committing yourself to a purchase. Always ensure that you know beforehand how much you can afford.TAKE NOTE
You must have approximately £10,000 in available funds to secure a property. You will then need to think about how to pay the balance on completion.

Property Management Technology & Training is Improving Efficiency

Lots of people own properties that they rent out or sublet; management companies may own several properties that they rent out to entire cadres of customers, ranging from college students to people starting out their families in two and three bedroom apartments to rental homes. Atlanta Property Management is the best resource for discovering new possibilities.

Atlanta Property Management Technology has altered how property management is done, much the same way it’s altered every other aspect of modern American life. It started out with telephones and the ever so popular Rolodex, and then moved to spreadsheets to keep track of accounting issues. Later, cheap video cameras meant that on site security and premises control became much easier to arrange and coordinate, with video tape records replaced by digital video records and storage.

Now, the spread of pervasive networking, and changes in the fundamental communication parameters of all of these tools have altered the property management landscape again. What used to require sending bills or putting reminder notices in mailboxes has now been turned into automatic systems built off of conventional networking frameworks, and these technology & training options have made managing apartment complexes even less labor intensive.

With a properly arranged networked property management solution, you can have tenants (or board members) automatically notified when meetings are scheduled to take place; automatic funds withdrawals can help you handle the billing side of property management, and you can even use a hosted solution that will integrate the property’s web site with an online database to allow association members to put in requests for maintenance and repair issues.

On top of this, it’s also possible to monitor things like water bills for a series of units in an apartment complex, or unit by unit electricity usage, to see if there are potential problems down the road. There can also be a central, secure, repository for security data, from on site cameras and motion detectors, as well as logs for in-and-out access through a gate for a gated community. It’s not just the billing and record keeping that’s streamlined, but most aspects of property management that have changed dramatically with networked application development.

These even make selling a property easier (and give people buying a property a written ‘paper trail’ of ownership and maintenance done) which allows for fewer things to slip through the gaps on maintenance projects. Even better, the revolution in web distributed applications and data interchange mean that the technology and training side of this equation is minimal. It all builds off of interfaces that everyone’s familiar with, using web sites or cell phone applications; even iPhone applications exist to help with this. The nice part of this is that these applications are built not only to the specifications of management companies for property management, but they also take in the input of home owner associations boards to make sure that it meets all of the requirements of both sets of stake holders.

Three Ways to Make Your Facebook Advertising More Effective

Every now and again a new form of advertising hits the scene, and in terms of the internet the latest thing getting everyone talking is Facebook advertising. In fact, many internet consultants are saying Facebook advertising may one day be bigger than Google AdWords, and there are now dozens of Facebook advertising courses springing up, each one promising to show you the secrets to using this new advertising medium.

However, even though Facebook is a fairly new medium, the way to use its advertising is actually no different than using any other type of advertising media, because in the end it’s just a different way of doing something that’s been around for a long time. The most important thing about any kind of advertising is your return on investment, and anything else is not worth bothering about. The only type of good advertising is profitable advertising, and that means you need to be spending less than the money coming in. If you’re doing that, the advertising is successful, and you really don’t need to learn anything else.

So how can you make sure your Facebook advertising profitable?

By following the same strategies you use when using any other type of advertising medium, that’s how.

1. Target the right people. No matter which advertising system you use, the advertising will fail if it’s not going in front of the people interested in what you’re selling. It’s always better to have your ad going in front of fewer people who are qualified, instead of going in front of 10 times more people who are not interested in what you’re selling at all. This means targeting people who are likely to buy what you sell. If you run a local store, make sure you target your local geographic area. If you sell fishing gear, put your advertisement in front of people who are interested in fishing. This sounds simple and it is, but many businesses forget this simple principle when they advertise and consequently fail to get a return on investment.

2. Keep an eye on conversions. Once you have people clicking on your ads, you have to make sure they are converting into sales or leads. This means you need to make sure your website pages are built in the correct way, and guide the reader to exactly what you want them to do, either buying something or leaving their contact details so you can get in touch with them later. If you discover you can spend $50 on advertising, but you end up making $200 in sales, the advertising has more than paid for itself. But in order to get to this state you need to make sure your website pages are doing a proper job.

3. Keep on testing all the time. You’ll always find the first time you run ads, your success rate will be fairly low, and it’s really just a case of keep trying different approaches and constantly improving your click-through-rate. Keep on testing one ad against another, stop using the worst one, and then test the best one against a new advertisement. Do this and your ads will constantly improve and you’ll get a higher return on investment.

Facebook advertising can be a great way to bring in qualified leads and make sales, but it will only work if you follow age-old principles of direct response advertising. Simply throwing money at it won’t get you anywhere. You need to constantly test your advertisements, and make sure you’re getting a return on investment, just like you would in order to create any other profitable advertising campaign.

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.