Is Online Education Cheaper Than Traditional On-Campus Education?

Along with the widespread advantages of online education, wouldn’t that be an additional bonus if the tuition was cheaper as well? Contrary to popular belief, tuition fees for online education are not cheaper than your traditional brick and mortar college or university education. Current information that boasts cheaper online education can be misleading.

There are a lot of “what ifs” when it comes to education costs. Tuition will certainly be more expensive if you attend a private school as opposed to a public school. But you will not find any great cost savings by attending school online instead of on-campus. The courses you choose, whether online or on-campus, will generally cost you a specified amount per credit. Depending on the amount of credits your degree or certificate needs, will decide the total cost of your tuition.

If you do happen to come across an unbelievable deal for achieving your degree online, then beware. The validity of the degree may be as unbelievable as the price. Diploma Mills will take your money in exchange for a fake degree. They are a huge business and make lots of money off of the unsuspecting student. A sure sign of a Diploma Mill is if you see “Achieve your Bachelor’s Degree for $425” or “Get Your Degree in as little as 27 Days” -Beware! If what the online school is offering seems too good to be true – it probably is.

So, despite its convenience and flexibility, online education offers no cost advantage on your tuition. But wait, you can still save money. Having the ability to engage in your education from the comforts of your own home has many cost savings benefits attached to it. You could save hundreds or thousands of dollars alone in:

Auto Expenses – first off, there isn’t the extra expense of gas and we are all aware (and sensitive) towards our rising gasoline prices. Depending on how far you would typically have to drive to university, this could be a substantial savings. Parking on campus can also do a good job at keeping your wallets empty over the course of a semester. And there are always other accompanying costs which come with owning a vehicle.

Room and Board – If the college or university offering your program is too far away that you can’t commute, then online education can save you a huge chunk of cash on not having to pay for food and lodging close to the campus. Costs for room and board alone can sometimes add up to more than the tuition fees.

There are still other minor cost savings benefits that are recognized from taking your courses online. But the real benefit is that, if it wasn’t for online education, some people wouldn’t have the ability to pursue a post secondary education at all. Many are working or have families and they cannot attend school during the day. For others, online education can be the source of “hard to find” course that they need. The benefits are many.

The costs of developing, implementing and delivering distance education courses can be substantial. Online Institutions have not passed these costs onto the students as one would think. We are actually fortunate that the cost of online education isn’t higher than on-campus tuitions.

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How to Build Your Internet Home Based Business

If you have already chosen the Internet business venture that is a good fit for you, now you have to learn how to build your Internet home based business to be a successful and profitable business.

You start building by implementing a targeted marketing campaign, performing effective search engine optimization and ensure you keep pace with the fast evolving Internet and information technology advancements. If you neglect to keep up with the latest and greatest advances on the Internet, the chances of success with your Internet home based business are limited.

You must understand that you need to have excellent work ethics, self-discipline and self-motivation to stay focused on business building strategies. Once you begin to practice those basic principles your travel on the road to independence and financial freedom will be much smoother.

Since there are several tasks involved to achieve success and you are working alone, you may become overwhelmed and the process will become slower. You can resolve this issue by working with a team; a group of like-minded individuals seeking financial freedom. Working with a team in building your business will achieve success easier and faster.

You may be asking yourself, but why a team?

When talking about a team, I am reminded of an anonymous prose and poetry titled a Lesson from Geese. Like geese flying in a V formation, people who share a common direction and sense of direction can get where they are going quicker and easier because they are traveling on the thrust of each other. In other words, working together to achieve a common goal; all for one and one for all should sum it up nicely.

Now that is team work people, pure and simple and you can apply the same to your Internet home based business for maximum effect. Everyone on the team will benefit from their efforts and support.

This concept of business building has been adopted by many and appears to be catching on as more and more people see the value of team work.

The bottom line is, your Internet home based business will indeed grow and prosper much faster and easier when working with a team of like-minded individuals.

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Investing Tools – 3 Reasons Why They Are the Ultimate Home Based Business

Maybe you’ve tried some home-based business ideas or maybe you’re just thinking about getting something started. Either way, if you’ve spent any time researching your options, you will have by now seen many different schemes that promise to make you money. Some of these are undoubtedly good ideas from reputable companies, while other offers are suspect at best.In any event, one thing is for certain – there are no magic bullets. No matter what home-based business model you choose to pursue, you will need to be prepared to apply yourself and roll up your sleeves to do the work that is necessary to make you successful. A lot of people don’t want to hear that. They want to hear that there is an easy “set it and forget it” scheme for making lots of money. But I’m not going to blow that kind of smoke at you. So if you’re willing to use a little elbow grease, please read on.Now that we have that little bit of reality dose unpleasantness out of the way, let me get to the point of this article. I would like to submit to you that leveraging the best investment tools is the basis for the ultimate home-based business opportunity. You might be thinking, “Wait a minute, investing is something I do after I’ve made money with some other home-based business model.” But the truth is, you should approach investing as a business. You need to apply the same kind of focus and discipline to investing as you do to any other business you might manage.By “investing” I don’t just mean buying some stocks. Investing opportunities encompass a wide variety of things such as real estate, Forex, and gold – just to mention a few. Keeping in mind this idea that investing opportunities are vast, these opportunities have some distinct advantages over many of the other home-based business ideas you may have considered – or even tried.1 – There are powerful tools you can leverage to increase your chances of successWhen it comes to investing, one of the biggest obstacles to overcome is the sheer amount of information you need to process to make good and timely decisions. The good news is that computers and software can process a lot of information very quickly and help you make decisions. A lot of the knowledge the pros have used for years is coded into these software solutions.2 – Many pros are writing How-To guides to walk you through their investing systemsIt is easier than ever to publish and deliver information over the Internet. Many investing pros are creating How-To products that expose the knowledge they have acquired and succeeded with in investing. Rather than reinvent the wheel or learn by trial and error, you can benefit from their hard learned expertise right out of the gate.3 – You don’t need to find customers; You are your customerTo be sure, there are some investments that include customer relationships – such as investing in commercial real estate. But there are many investing opportunities that only involve you. The only person you have to sell to is yourself. You may be your toughest customer, but that can be a good thing.I’ll leave you with a final bonus reason why using the power of investing tools is the ultimate home-based business model; investing is something you can get into without quitting your day job at first. Imagine yourself trading currencies at midnight – or placing an order for some gold bullion coins. You can have the satisfaction of managing your own home-based business without a lot of the baggage that comes with other schemes.

Baby Boomers: 5 Cons of Running a Home Based Business

In part one of this article, we discussed five pros of running a home-based business. Here are five cons that you also need to be aware of.The Cons1. Having a Dedicated SpaceWhile you might not have all the expenses of a conventional office, you now have to manage where you want to work. You will definitely need a place that will separate you from any distractions while you are working. You don’t want to hear the neighbor’s kids screaming in the background, or their lawnmowers, while speaking to a potential customer.2. Test the watersWhile being able to test the waters and taking your time making a decision is definitely a positive. If you take too long procrastinating, you may well miss some very lucrative money making business opportunities. Be decisive and make smart calculated decisions, but also be willing to take a risk.3. Be your own bossWhile being your own boss is great position to be in, along with that responsibility comes all the tough decisions you must make regarding your business. For example, knowing how much you can afford to invest in your new home-based business opportunity, and how much time you’re willing to devote to the business. In the beginning, you will need to set aside enough time to get the business up and running. Being in charge means you make all the decisions, and the success of failure of your business falls on your shoulders.4. Set your own scheduleSetting your own schedule sounds wonderful in theory, but finding the right balance is often challenging. If you work endless hours on your new venture, it may be to detriment of other things you need to do. Creating balance needs to be done right at the onset.5. Spend more time with your familyEstablishing your family priorities should be an important part of your scheduling. It’s easy to get so caught up in your new home-based business, especially if it is an online business, that you easily lose track of time. Make sure that you don’t put your family relationships, especially with grandchildren, in jeopardy in your eagerness to make your business opportunity a success.Running a home-based business is a wonderful and very freeing experience, so long as you understand the pros and cons. But, it is a business and you need to treat it as such. Plan your strategy carefully, set realistic goals and objectives, create the right working environment for yourself, and set yourself on a path of success.

5 Reasons Why Starting a Home Based Business Model is Better Than the Traditional Business Model

Starting a home based business is very different from the traditional marketing business. In order to understand the nature of both businesses we can make a smart comparison below. The five reasons why a home business model is better than the traditional business are listed below.1. Lower running costs and overheads: By starting a home based business making money from home is more convenient and needs fewer resources. To begin with an online business, you only need a computer and internet access. Traditional business need more resources and hard work along with a separate office or place to deal with your clients. It is very clear that setting up the traditional business, expenses involved are high. Where as, earning money from starting a home based business is inexpensive and needs no hiring of employees, paying insurance or paying rent for space or an office.2. Storage space: Starting a home based business only needs space for a system and internet connection as compared to traditional business that requires storage to keep substantial stocks of the products. This will also include rental of the storage space, money paid to the employee, loading and unloading of the boxes and stock, shelving and covering other logistical costs. Starting a home based business using affiliate marketing concept, the product is delivered to your customers through shipments from the merchants. Stock of any inventory is not required at all and this saves a huge cost again.3. Easy expansion of your business: An affiliate-marketer starting a home based business can easily set up multiple businesses. A substantial amount of money can be earned by working at various different niches. Once the website starts bringing in a regular income less maintenance will be required giving you more time to start another one. With a traditional business, you are generally locked into one theme and the logistics required to expand your business are not only complicated but also quite expensive as lot of money is required for the expansion.4. A bigger horizon: The advantage of starting a home based business offers a bigger horizon to earn money at an international platform. Not many traditional businesses manage to grow at a worldwide scale and most of them remain local to their marketplace. Online affiliate marketing is run globally because most of your buyers are internet users and purchases the products you are offering online.5. 24 hours / 7 days a week open for business: Even when you are sleeping or away on a day trip, you will be making money with affiliate marketing by starting a home based business. There is a learning curve to every business but making money online is much faster, cheaper and easier than traditional methods of business. Affiliate marketers sell products online in less than expected and short time span as compared to traditional off-line business in which the selling target is difficult to achieve and needs long time. Affiliate marketing business is open 24 hours 7 days a week and never shut down, therefore, it brings you more opportunities to have more clients to make more money than traditionally.

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How Can I Earn Home Based Business Income?

Home based business income incorporates several important and not necessarily mutually inclusive concepts. Income is something everyone needs and understands. We often define ourselves by how we earn our income. “What do you do?” often follows a meeting or an introduction. Many people see their self-worth in full or in part based on the way they earn income. This can be unfortunate because what a person earns in no way equates to their worth as a person.The “business” in home based business income means that we derive by selling goods or services rather than the traditional of a job where we trade time for money. A business can be providing a service like housecleaning, lawn care, home repair or maintenance. Service business such as catering and event planning, document preparation, formerly called typing, bookkeeping and other services often provided by one or two people, lend themselves well to the home based model.A long-time traditional model of generating home based business income is providing in home child care. With the aging baby boomers a new emerging business is adult foster care. There is an almost endless list of businesses that can be run out of your home. While there may be restrictions such as zoning to consider, many businesses, especially those that do not generate a lot of traffic, fall within acceptable parameters.One of the best aspects of using a model of generating home based business income is the informality that can exist between your business and personal life. Unless your business involves providing services where your clients live or work, your commute usually involves walking a few steps. Assuming you don’t have people coming to see you, you have a wider choice of what to wear to “work.”Another advantage of generating home based business income is the low overhead. Especially when starting out, that difference can be significant in how quickly your business can begin generating enough income to provide the things you want and need. It is also a great advantage to be able to deduct those legitimate business expenses that are part of operating your business. It is even better when some of those deductions involve expenses associated with your home.Deriving all or part of your livelihood from home based business income can either be a dream come true or a nightmare. The difference lies in the thought that goes into setting it up. A thorough knowledge of your work and personal life.

5 Tips Small Businesses Can Take Away From The Tiny House Movement

What on earth could small businesses learn from the tiny house movement if your industry is unrelated? It comes as no surprise that the growth, mission, popularity and purpose of the tiny house movement have grown over the past decade. People are joining this movement for financial freedom, environmental and leisure enjoyment. These owners reduce skyrocketing maintenance costs and living expenses that come from soaring mortgage payments of capacious houses. This movement also frees up more time to spend with family and travel.Over the past decade, we have seen the increase in restructuring, downsizing and corporate dismantling by many large firms. According to the U.S. Small Business Administration, 99.7 percent of all employer firms are small businesses. While this percentage is an impressive number, there are some great tips many small businesses can take away from the tiny house movement.
Compact and mobile: Owners of tiny houses downsize to reduce the overabundance of clutter, high mortgage payments, and freedom to do more things they want to engage in. They have the capability of hitching their home on the back of a vehicle and can save money on hotel costs when traveling. Depending on your type of business, with the ease and digitization of many applications and smart devices, you can mobilize your business and take it anywhere. Even if you relocate, your business can be just as portable. Small businesses may be compact in scale, but can be substantial in their return on investment.

Energy and cost-efficient: Tiny house owners save money by lower operating costs, energy usage, and maintenance costs. You will find innovative ways to curb your budget in certain areas that will free up money for other important business investments to grow your business. Small businesses may not use up as much energy and power as larger organizations. You can operate more efficiently as well as effectively.

Environmentally conscious and sustainable: Tiny houses may be built using environmentally friendly and repurposed materials. They are built to last but are as unique and aesthetically appealing as the details in a larger home. Small businesses can apply similar eco-friendly elements and recycled supplies to their organization. Make a statement with personalized and customized brand installations on a smaller scale, but with great innovative curb appeal.

Technological advantages: Technology is not as big and bulky as it once was. Tiny houses can embody the same level of digitization as larger homes, just on a smaller scale. At one time, big businesses had the upper-hand with harnessing more advanced applications in technology. Nowadays, not only is technology more advanced and constantly evolving, many elements are far more affordable than they’ve ever been.

Innovative: While tiny house living is not a new phenomenon it is increasing in popularity. The idea of living a quality life on a small-scale pushes us to new levels of residential creativity. We are inspired to try something new, creative, and innovative that will make us stellar in our industry. Since many quality products and services are more affordable and reliable, small businesses can make quality purchases and outsource services that will save on equipment and personnel budgets.
Just because a small business may adopt a few ideas from the success of the tiny house movement, some of these applications may not be feasible or appealing to your particular industry. You don’t have to sacrifice quality for affordability. Small businesses have the power, however, to promote their business with creative, personalized and exceptional customer experiences, regardless of size and budget.

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The Truth About Home Based Businesses That You Need To Know About

Home based businesses are a trending concept that continues to grow despite almost every other business industry suffering depression and lack of growth. What gives? For starters, the setup cost for home based businesses are extensively less than that of starting your own business. Also, most home based businesses have a pre-set system or “vehicle” in which the business owner can leverage to market and promote their products/services quickly and effectively. Most home based businesses also have a training system upon which new businesses can learn the “ins and outs” of the business system to become well-versed in their new craft pursuit of entrepreneurship. There are also additional benefits of a home based business that I don’t have time to get in to right now but you can read it on your own time written by AllBusiness.com.

The advantages of owning a home based business has its caveats though, and that is what is really the truth about home based businesses. (NOTE: For the purposes of this post, when I refer to home based businesses, I am referring to the network marketing specialty of home based businesses) As far as the fundamental principle is concerned, it’s this:

THERE IS NO SUCH THING AS EASY HOME BASED BUSINESSES!

Does that deflate “your mountain top”? If so, then that means what you are really looking for is a scam or pyramid scheme, because only those are considered and flaunted as “EASY” because the people that purport it as a “home based business opportunity” are just looking to dupe people in to paying them some sort of initiation fee. Then, they claim to “pay” you by basically taking someone else’s initiation fee and giving it to you as “commission”.

It’s a pretty low-life scheme if you ask me, but if think you can do that to other people and still be able to look at yourself in the mirror without an ounce of shame, then go nuts. Just promise me you will NEVER come back to my site again. We don’t want those kind of people reading our material; we only want to help those that want to genuinely be in business.

Look, owning a home based business and operating it to succession is not the most complicated process in the world. Is it easy? NO! But it doesn’t involve you deriving crazy algorithms and trying to outsmart systems that are already in place for your home based businesses.

What it does entail is that you need to put time and effort in it, just like any other business you would start from scratch. Home based businesses for the most part are much harder to get off the ground compared to a traditional brick and mortar business. However, you have to grasp the true concept of home based businesses:you are essentially setting out to work your butt off for a few years to fine tune your system and fill it up to a degree upon which once you step away, your system runs itself.

Sounds like the same deal as opening a series of chain stores of franchises right? Well, because it is! Home based businesses like network marketing involve the same ideals and concepts as that of a franchise, but with MUCH LESS CAPITAL INVESTMENT! The average home based business startup cost is around ~$500 – $2000, while franchises start at $50,000 up to $1,000,000 (for a McDonald’s, if you can find one for sale). If you are curious what your startup costs are, you can search for “Home Business Startup Calculators” on Google.

We are going to go “X-Files” on this deal and lay it down like it is:

- requires time (effective network marketers in the beginning will spend at least 8-10 productive hours per week dedicated to their business. If you don’t know what quantifies as productive hours, get with your team leaders and find out

- requires effort (you have to treat it like your baby in the beginning, and the best way to do that is to generate driven goals for yourself)

- involve continued capital: you will need to plan to spend extra on top of your initial investment to get some marketing and promo materials and strategies out in the open, especially if you plan to utilize advanced internet marketing techniques. Trust me, it’s not as much as you think… it’s peanuts compared to what you need to consistently put in to a traditional business.

- provide a training system that YOU must be committed to learning from. They are there for a reason, so leverage them to learn how to build a successful business from them and IMPLEMENT!

- are HARD WORK in the beginning because you are not on a huge budget like other businesses. You can either spend a lot more money to set up funnels and systems, or do it organically with your own blood and sweat. The choice is yours, but either way, you have WORK THE NUMBERS.

Hopefully, you don’t feel depressed about what we discussed in this post. We don’t prefer to sugar-coat things… and this time is certainly no different. Remember, you are an entrepreneur in your home based business. What that means is that you have two choices: work with everyone and pull your hair out trying to drag people along on your back, or dispense the information as it is and find the quality people that WANT TO WORK WITH YOU.

The Role of the Advertiser in the Internet Advertising and How to Work With Him

Every business owner starts his or her business with the view to earn maximum profit from his business. Profit maximization remains the main goal of the business owners throughout the life of the business and advertising is the best and most important tool to achieve this goal. Advertising creates awareness in the target market about the product produced or the services provided. There are many sources to advertise a product or service and the best among those is internet. Internet advertising is the best way that a business owner can use to take his products and services to thousands of consumers in less time.

Internet Advertising by an expert advertiser

The business owners should hire experienced advertisers to create effective advertising campaigns because an experienced advertiser can produce much better results as compared to a novice. It can be costly to hire the expert service providers for internet advertising but it can also be more fruitful in terms of bringing new clients because an expert advertiser is well aware of the tips of internet advertising. On the other hand, if the business owner takes the responsibility of internet advertising then this decision may waste both time and money if the business owner does not know how to get an advertisement noticed by millions.

How to hire an expert advertiser?

Before hiring an expert advertiser, you should know his knowledge and capability. You should check his rating and reviews posted by his customers. Checking of previous projects and comments posted by the customers is the best way to check the capability and knowledge of a service provider. Ask the service provider about the previous projects that he completed successfully and if he or she is not able to tell anything about his previous projects then you should not waste your time with him. Ask the service provider to do some assignment and if he or she refuses to do so then do not waste your time with him.

Set the terms and conditions of the project and also explain the details of the project to the service provider. Hire the service provider only if he agrees to work according to the terms and conditions. Do not miss the opportunity to hire a right service provider so it will be OK to make few compromises regarding payment or deadline if the selected provider has a proven track record.

How to work with the advertiser?

You should regularly track the performance of the advertiser. Check the results of the advertising campaigns created by the advertiser. If you will not monitor the performance of the advertiser regularly then things may not go well at the end. In the beginning, explain your requirements clearly to the service provider make sure that he or she sticks to the requirements. Follow the advices and you will be able to create successful advertising campaigns with the help of the selected service provider.

The Finer Points of Internet Auctions

WHAT IS A PENNY AUCTION?

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.

HOW PENNY AUCTIONS WORK!

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.

HOW TO WIN!

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.

HOW TO AVOID SCAM SITES!

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.

CONCLUSION!

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.

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