Early Childhood Education – Importance and Learning

As parents you might have many questions like What does early childhood education means? and Why our children need to learn “early” to assist them be more flourishing in school and life?

According to Dr James Heckman a Nobel prize winner in Economics,Expert in Economics of human development “Early education is the foundation of the later learning process.Early Learning creates more learning.”

If you plant the seed in the soil and water the seedling what you get is a tree with a firm base which can sustain.  Human potential also need to be developed and nourished during the early stages.If you want to build a better future for your child then you must develop the skills that they need to sustain the future.

It has been said that “The way a twig is bent early, a tree is inclined. Early Investment in a child’s future pays ten times more in the later part of life.

Invest Develop Sustain = Grow

Invest: Investing not only mean investing money in a early childhood program but also the  time and energy to bond with your baby while doing a early childhood education program.

Develop: Encourage your child love them give them support,comfort to develop,identify,nourish and unlock the skills that they have at the early age.

My mother said to me, “If you are a soldier, you will become a general. If you are a monk, you will become the Pope.”Instead, I was a painter, and became Picasso.” —Pablo Picasso quotes (Spanish Artist and Painter. 1881-1973)

Let them become what they want to be rather than what you want them to become.

Sustain: Continuous growth is seen in the way you make your child sustain in providing an environment or conditions to learn new things.

“I never teach my pupils; I only attempt to provide the conditions in which they can learn.”—Albert Einstein quotes (German born American Physicist who developed the special and general theories of relativity. Nobel-prize for Physics in 1921. 1879-1955)

Your need to start as early as you can because they are the foundations to the learning.The immediate learning center of a child is his/her home,research proves that babies can learn while in womb. The first and the best teacher is the parent especially the mother.The importance of early childhood education cannot be undermined; the formative years, 0-5 in children are the most significant years in child-development and for babies the bonding before birth or fetal education is meant to provide excellent results in the later stage of child development.So this defines the combination of fetal education and infant education with a brain based learning constitutes the early childhood education.

Many people in diverging fields think that the earlier we bring in our youngest children to reading, math and science, the more adequate their brains will be to captivate more advanced concepts and some think that it is a burden for the child of young age. But, the fact is that there is an aspect of early learning that is often times missed, yet is even more critical for the child’s success: right brain skills.Teaching early will improve emotional,social and cognitive skills not only that but also grow the imaginative, intuitive side of the brain.

Early Childhood education is a “missing link” in education that enables a child to take part effectively in a more organized educational environment, get along with others, develop a sense of self and an appreciation of group-think. It also works on developing the underlying motivators for positive self-development such as empathy, compassion, consideration, respect, trustworthiness and so forth.Early childhood interventions of high quality has ever lasting effects on learning and motivation in later part of life.

All these aspects provide the right environment to the growth of your child in the way it is needed to fight back the competitive world.So the decision is yours, act now to make your child a genius and invest in the right Early childhood education program which will develop the whole brain of your child.

How To Find An Easy Home Based Business

The current economy is causing people to look for ways to work from home more than ever before. This means that people are looking for a the opportunity to start an easy home based business. Every business is going to take a certain level of work. It is difficult to call any home-based business easy.

Individuals that are good with selling products can look into the possibility of online auctions. If a person has a very limited computer knowledge they can put any number of items up for sale online. The problem with this business is that a person will need to have access to a large quantity of items in order to be profitable.

If a person is artistically minded they can start a graphic design business. This can be very enjoyable for you person who enjoys expressing themselves artistically. Finding their own clients can be difficult in the current economy however, if the quality of work is sufficient this person should have no difficulty finding work.

People that enjoy expressing themselves through the written word can look for freelance writing jobs. These individuals will need to be disciplined because most of the jobs pay relatively low until a writer has established themselves. It is advantageous to have a degree in writing in order to get a job in this field.

Individuals that are natural salesman can look into starting a multilevel marketing business. There are many different types of products that can be sold by an individual with an entrepreneurial spirit. This will require them to be very aggressive in their attempt to sell the products, but if a person is determined they can make a nice living in this fashion.

Finding an easy home based businesses not something that will happen overnight. It will take medication and a great deal of research in order to be successful. If a person has a lot of drive and dedication they can become successful if they are determined enough to succeed.

3 Reasons Why You Should Join a Home Based Business

Many people want to join a home based business for many reasons because of course everybody is different and unique in their own way. Among all these reasons there actually three very popular ones that always seem to convince people to join the business.The first reason why most people join a home based business is because of the freedom of time that they obtained by being part of a business like this. They no longer have to listen to to someone told them want to do or what not to do. For most people it is very important to have some time they can spend with other people and also time for themselves. So because of this they actually see a home business to be very valuable.The second reason why most people decide to join a home based business is because they hate their job and they want to do something that they actually enjoy doing. There are so many people that go to school and study some kind of career just to end the having to work some odd job. Due to this is why there are a lot of people that want something better for themselves and do something that they want to do instead of something that they have to do.The last reason why most people join a home based business is because there are so many out their that are very affordable to get started with that they begin to do it on the side while still having a job. There are many people who are able to see the possibilities that a home based business can bring to them income wise and this is a very big reason why they give it a chance.

Avoiding Rejection in Your MLM Home Based Business

It is the thing that can make you quit before you even begin. A well intentioned friend or spouse exclaims, “What have you gotten in to!” A professional whose opinion you respect declares, “That’s one of those pyramid scams.” All mean well and probably have your best interest at stake but sadly do not understand the network marketing industry and the freedom and success it provides. What they do not know is that network marketing is the greatest opportunity in all of capitalism. Those who see it and are smart and brave enough to partake in this industry face enormous success and wealth… if you can avoid the rejection you are bound to face between when we begin your MLM home based business and when you achieve your financial goals with your MLM home based business.The number one thing to remember is that after you have seen or heard about the MLM opportunity and gotten started, you cannot go home and try to explain it or recreate what you have heard to others – even your own spouse. This is the number one reason for failure in this industry. Someone sees the opportunity, hears the numbers and the money they can make (and the money is real), and then they rush home to tell their friends, spouse, or colleagues about this amazing new business that is going to make them financially independent. You cannot possibly explain a new business, compensation plan, and product after just hearing about it for the first time. It is like going to see a movie and trying to come home and give a verbatim replay of the screen play dialogue expecting the listener to feel like they were actually in the movie hearing the explosions and seeing the action stunts. It’s just not going to happen. So, do yourself a favor and set yourself up for success instead of failure. Prepare yourself and your team for the rejection they will receive when they tell their spouse, friends, family, and co-workers about the amazing MLM business they just discovered. It is not advisable to share your MLM business with anyone until you are completely trained and knowledgeable about your company. If you want them to know about it right away, have them hear about it the way you did. Bring them to a presentation, call in for a live or pre-recorded company overview, or have your sponsor present it to them. Following this tip will help you avoid the number one cause of rejection in MLM home based businesses.As many as half of all network marketers fail when they are rejected by family and friends. But, if when hearing the presentation for the first time your team were told, “Do not try to explain this to your wife until you have all the information and are properly trained” their expectations would be managed and their success rate would sky rocket. You can prepare your own team by making sure this is one of the very first things you teach them.Another major source of rejection is the “no show” syndrome. As many as half of the people you invite to hear a presentation on your MLM home based business will not show up. That is just a fact in this industry. People have busy lives, their kids get sick, their dogs die, and they just do not feel like going somewhere after a long day of work. After all, they probably do not even know what they are going to hear about. So, do not beat yourself up about it. Keep inviting them. Knowing that your friends, family, co-workers may not show up or may reject the idea initially helps to soften the blow. It is all about managing expectations.Ninety five percent of those who survive ten years in network marketing become wealthy beyond their wildest expectations. Don’t you want to be a survivor? Quitting your MLM home based business is the only sure way to fail. Half the battle is sticking with it and knowing what to expect. Arm yourself with these tools and you too can be on your way to the millionaire club!

Free Home Based Business – Independent Money Making Solution

Why search further when you have found the perfect resource for all your answers on this article. Continue reading in order to learn more about this topic.There is nothing new about starting a free home based business; the work availability on the electronic market has been preferred for some twenty years now if we take into consideration the fantastic growth rate of the Internet. Yet, because of the financial crisis of 2008, many people look for  independent money making solutions that generate revenue without bringing the dependence on one employer or another. Thus to the already high popularity of Internet jobs, we need to add a new level of security necessity coming from employees who cannot rely on their real-life jobs any more.Therefore, the need of ideas for free home based business is getting higher. To clarify the concept, a free home based business implies the possibility to start a business without zero or low initial investment, and the term usually applies to activities conducted online that don’t take money out of your pocket to start. Skill remains the all mighty necessity, experience in the activity field he or she aims at and time available to search for business opportunities and grow the business once it gets started. The marketing, accounting and communication tools are all available online, and the work process is greatly optimized thanks to the high operation speed.A free home based business can extend to several family members depending on their skills and work experience. Thus, if one of you already has a job, the others can look after the home business in his/her absence; moreover, we are talking about better communication and common interests that keep the family together. Simply consider the fact that you are all contributing to the family budget instead of paying employees. However, experts warn investors about the risk of the entrepreneurial zeal, as many people choose to quit their full-time jobs before the free home based business becomes profitable.To give a relevant example here, let’s consider the case of people who choose online advertising as the right idea of free home based business. Let’s say you have a web page up and running, and you didn’t have to pay much for it, however, investments can appear once you realize the necessity for all sorts of web tools to keep track of the business and make it function according to optimal parameters. Consequently, even if the ideas for a free home based business [http://knowaboutinternetmarketing.com/models/] sound very enticing make a careful plan of all the aspects including budget, so that you are covered for the unexpected.In reading the article about this subject I hope you have expanded your knowledge about this topic.

Residential Property Management – The Cost Savings

One of the greatest values of a residential property management company is its ability to save money for the investor. Managing the day to day activities of residential real estate can be far more time consuming for investors than they would have initially imagined. Between collecting rent, providing maintenance for the property and handling incidentals such as landscape maintenance, rental agreements and locating qualified tenants, the costs add up and consequently affect the overall savings achieved. By working with a professional residential property management firm, an investor can reap even more profitability with this low cost investment.

The Cost of a Property Manager

As an investor begins to realize the time spent managing a property is far more than they anticipated, they often resist looking for a property manager based on the assumption it will cost too much. However, the average cost of a good property manager is typically around 6% to 10% of the monthly rent fee. This minimal cost will save an investor the hassle and headaches associated with minor maintenance calls as well as bookkeeping work.

A residential property management firm typically has contractor and vendor information readily available in the event of a service issue at the property. These contacts save the time and frustration an investor would have experienced with obtaining quotes and seeking qualified service providers. A residential property manager is also more likely to be experienced with the price of repairs and can ensure the right price is being charged for the work provided. This is invaluable expertise, especially when it comes to emergent repairs.

Saving Money You Didn’t Know You Were Spending

An investor is often surprised to realize money they have lost by not being able to follow up on issues in a timely manner. For example, tracking rental payments is difficult enough, let alone billing out for late charges. Maintenance issues that are not in compliance may result in a local government fine, which can include simple things such as the lawn being maintained or snow removal. These are all liabilities and time consuming tasks that can cost an investor. With the help of a residential property management company, an investor can relieve themselves of these risks with just a small expenditure that will maximize the benefit of their property investment.

Mobile Advertising Trends: Facts to Keep You Abreast

The advertising platform seems to be taking another huge turn with mobile marketing taking over the markets. According to the Forbes magazine, mobile marketing techniques are 18% more effective as compared to other advertisement platforms such as the web and banners. The reality of the matter in mobile advertising trends is that, it is much cheaper to use this platform, and one is assured that users will see these ads. It is due to this reason why marketers are taking a new turn to win over as many people as they can to their sides, thus increase returns on investment.

What makes mobile advertising effective?

Mobile market growth: Push and Pull mobile marketing

Today, more and more people are connected to the outside world thanks to the smartphone invention and introduction. Persons as old as 7 years of age own a smartphone or even a tablet, which helps them, connect with other people. With the Untapped market still ripe, marketers use this opportunity to use both push and pull marketing to reach out to target audience or customers.

Push marketing involves sending ad messages directly into a user’s phone, while pull mobile marketing involves advertising through user downloaded apps, which are mostly installed in smartphones. These are the latest mobile advertising trends in use today, and have proved to be very effective in terms of sales.

Cost of advertisement and click rates:

The cost of advertising across the mobile platform is relatively cheaper than any other form of marketing, with its return on investments almost instant. When you compare advertising through the daily media and mobile marketing, you will notice that advertising in the daily media costs 85% more than the amount used to advertise through push and pull marketing.

Internet marketers and advertisers earn their revenue through clicks and referrals. Advertising through text messages gives you a 65% assurance that the user will click on the link included in the text message, thus be able to view the advert or main page. This has been made possible thanks to the smartphone market.

Mobile Payments:

Payments through the mobile platform have been made easier thanks to mobile payment services and apps. Many companies today, including PayPal and Payoneer among others are major players in this market. Users can purchase goods and pay for services rendered through their mobile phones, thus never have to go to their banks to make a transfer. This conventional and convenient way of paying for services rendered has made is very easy for mobile advertisers. Mobile phones are slowly becoming teller machines, and all you need to do is feed it with the right information to make a transaction, and all is well. This way of paying for services has really made news in the newest mobile advertising trends, as it makes payments easy and convenient too.

Mobile video marketing: Video marketing is an effective way to advertise new products or services that a company has to offer. With smartphones supporting video streaming, advertisers are easily integrating adverts in the mobile video player, thus the ad is displayed when one starts using the player. Most of these ads run for less than 5 seconds, though the message displayed or conveyed is larger and likely to create an impact. Advertising through mobile videos is the latest of mobile advertising trends, as more and more marketers are actively using the media to advertise their products.

The best way for an advertiser to make an impact and sell his or her products, he or she needs to adopt the newest and trending advertising methods. Mobile media marketing offers the latest, yet most rewarding means of advertising any product, and persons already using it are reaping big benefits.

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.

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.

Hiring An Auction Company

Estimating your assets value:

Typically, one of the first questions a business owner will ask me is, “how much will the assets bring at an auction”. After taking the time to review the assets, the auctioneer should give the client a conservative estimate of the sale based upon his experience and the current market trends. It is important that the company give realistic expectations so the seller can make informed decisions based on their best interest.

Compensation and Expenses:

Is the company you are considering working for you or against you? The agreement you decide may determine this.

A business owner should carefully consider how the auction company is compensated. The most common commission structures include: straight commission, outright purchase of assets, guaranteed base with a split above to both auctioneer and seller, guaranteed base with anything above going to auctioneer or a flat fee structure.

In a straight commission structure, the company is paid an agreed upon percentage of the total sale.

In an outright purchase agreement, the auctioneer simply becomes your end buyer. The company purchases your assets and relocates them. While this can be an option in some unique situations, keep in mind that they will want to purchase your assets at a very reduced price to make a profit at a later date.

In a minimum base guarantee, the auction company guarantees the seller that the auction will generate a minimum amount of sales. Anything above that amount either goes to the auction company or split with the seller. While a seller might feel more comfortable doing an auction knowing that he is guaranteed a minimum amount for his sale, keep in mind that it is the best interest of the auction company to secure a minimum base price as low as possible in order reduce their financial liability to the seller and secure higher compensation for the sale.

In a flat fee structure, the auctioneer agrees to show up for the sale and call the auction. There is no incentive for the auctioneer to get the best prices for your assets. The auction company is compensated regardless of the outcome of your sale.

What is the best option for business owners? In my experience, an agreed upon straight commission structure. This puts the responsibility on the auction company to offer the best outcome for everyone involved. There is an incentive for the auction company to work hard for both parties, set up and run a professional sale, get the highest bid and sell every item on the inventory. Successful auctions translate to a higher bottom line for both the seller and the auction company.

Auction Expenses:

In most auction agreements the expenses to conduct an auction are passed to the seller. If the auction company pays for the expenses, it is simply absorbed in higher commission rates.

All expenses should be agreed upon in advance in a written contract. Typical expenses will include the costs of advertising, labor, legal fees, travel, equipment rentals, security, postage and printing. A reputable auction company will be able to estimate all expenses based upon their experience in previous auctions. An agreement should be actual costs charged as expenses, not an estimated amount.

Advertising is typically the highest cost in conducting an auction. The auction company needs to set up an advertising campaign that will promote the sale to its best advantage and not overspend to simply advertise the auction company.

Once the auction is complete, the auction company should provide a complete breakdown of all expenses to the seller, including copies of receipts within the auction summary report.

Buyer’s Premium:

What is a buyer’s premium? If you attend auctions regularly, you are very familiar with this term. The auction company charges a fee to the buyer when they buy an item at auction.

The buyer’s premium has been around since the 1980′s and is standard auction practice. It was first used by auction houses to help offset costs of running brick and mortar permanent auction facilities. Since then, it has spread to all aspects of the auction industry. It is prominent in online auctions and allows auction companies to cover added expenses incurred from online sales.

It is the responsibility of the auction company to provide clear disclosure of the buyer’s premium to both the buyers and the sellers. Those not familiar with auctions are often taken back by the buyer’s premium. They looked upon it as an under handed way for the auction company to make more money. Reputable auction companies will provide full disclosure within the auction contract, advertisement and bidder registration.

Typically, an auction company will charge online buyers a higher buyer’s premium percentage than those attending an auction in person. Extra fees are incurred with online bidding and are charged accordingly to online buyers. This provides the seller a level playing field for both online buyers and those attending the auction in person. Without the buyer’s premium, there is no way to do this.

Pre-Sales:

We’ve all been there. We’re looking forward to attending an auction only to find that some items were sold prior to the auction date.

As an auctioneer with over thirty-six years of experience, I can honestly state that pre-sales will hurt an auction. When a company decides to liquidate their assets, it is easy to sell off high-end pieces of equipment through online sources, equipment vendors or to other businesses. The seller receives instant cash and avoids paying a commission to an auction company.

Auctioneer’s find themselves appearing to acting in a self-serving capacity when potential clients say they are planning to sell off parts of their inventory prior to an auction. It’s hard not to consider the auctioneer’s commission when they warn you not to pre-sell anything. Yes, the auctioneer wants to earn a commission on those sales but it is more important that the auctioneer protect the sale from potential negative backlash that comes from pre-selling. The buying public knows when an auction has been “cherry picked” prior to the sale and it reflects in their bidding. It becomes a sale of “leftovers” and that impacts prices.

A buyer who purchases prior to the auction usually does not attend the sale. They already bought equipment at a good price with no competition. If they do attend the auction, they tend to let others know of their great pre-sale purchases which again, impacts prices and the overall excitement of the sale.

It is important to understand that auctions work best with a complete inventory. You want competition on your higher end equipment. The easy to sell items make it possible to gain respectable prices for hard to sell items.

When a business owner decides to liquidate their equipment assets, there is only one opportunity to do it right. Hiring a reputable auction company will assist you with a professional, orderly and timely liquidation.


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