Adakah anda bertanya diri anda?

Wajarkah aku menjadi wakil rakyat.

Jika saya diajukan pertanyaan di atas saya akan menjawab tidak.

Ini kerana pada pandangan saya lebih banyak masa saya perlukan untuk membuat suatu perkara tanpa diganggu.

Ia memang suatu yang hebat.

Ahli politik mempunyai ramai pengikut dan penentang.

Boleh dikatakan 50% adalah penentang.

Jadi saya tidak akan sanggup untuk menerima penentang.

Banyak cerita seperti di bawah:

Ahli politik di saman.

Ahli politik dibunuh. Terutama orang india.

Ahli politik diugut bunuh. Cina dan Melayu juga ada.

Ahli politik membuat rusuhan.

Banyak lagi yang melibatkan ahli politik.

Jadi jika anda hendak maju dalam bidang yang anda ceburi elakkan politik.

Bukan apa sebab jika anda ada bisnes mungkin orang akan membuat kacau bilau.

Jika anda melihat mereka yang membalas dendam dalam politik iaitu musuh politik juga ramai.

Saya cadangkan anda janganlah terlibat dengan politik apa yang perlu dibuat hanya undi atau jika masuk parti cuma buat kempen sahaja.

Tidaklah ganas.

Politik adalah cara menggantikan pentadbiran raja dan sultan sahaja.

Ia dimasuki oleh mereka yang memang belajar dan berminat dalam arena politik.

Memang politik boleh membuatkan anda dikenali dan anda popular.

Tetapi anda perlukan lebih dari sekuriti dan kelangkapan yang anda perlukan bukan sekadar dari anda tetapi sokongan ramai pihak.

Politik kotor memang terjadi. “Dirty” dalam bahasa inggeris iaitu kotor.

Jika anda ingin menjadi orang yang bersih maka anda perlu elakkan politik. Sebab kuasa anda adalah diri anda. Anda tidak perlu membuatkkan kuasa negara milik anda.

Dari sudut agama saya rasa lebih baik elakkan politik sebab banyak dosa jika anda tidak berpolitik tidak ada siapa yang memusuhi anda.

Maka anda menjadi seorang yang baik. Hidup dunia inginkan kejayaan hingga akhirat masuk syurga.

Sebab jika anda sudah sampai akhirat penyesalan tidak sudah-sudah jika anda perhatikan banyak perkara yang anda tidak faham sehingga pengetahuan tentang Allah SWT anda tinggalkan.

Wajar anda meningkatkan ibadah dan tekun dalam menghadap Allah SWT. Berjihad dijalan Allah SWT lebih baik.

Mungkin politik anda adalah Jihad tetapi ia bukan lawan sesama Islam lagi.

Jadi tiada konflik dalam saudara seIslam dan anda menjadi orang hebat berbanding mereka yang berpolitik sebenarnya tidak hebat dipandang lawannya.

Di tulis oleh buku:Perjuangan manusia untuk masa depan

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  ¶ 9:55 AM 0 comments

 

Satu bedilan mengubah segalanya

Hilter dalam perancangannya untuk membuat kerajaan bawah tanah dengan segala kelengkapan yang hebat di Berlin.

Satu bedilan kedengaran menandakan Hilter tidak dapat meneruskan segala projeknya lagi.

Lantas Hilter terus berjuangan demi untuk menawan dunia.

Andaikata anda tahu bahawa Hilter pada mulanya membuat perancangan rapi untuk menawan dunia dan menjadikan Berlin sebagai tempat utama untuk mereka tadbir dunia ini.

Tetapi apa yang berlaku ialah empayar Hilter tidak mencapai perancangan itu tetapi sudah dibedil oleh bom-bom sehingga banggunan meletup dan kacau bilau berlaku.

Tentera Hilter terus melaksanakan perangnya… menawan banyak negara.

Sudah tentu anda ingin menjadi Hilter untuk membuat perancangan yang rapi tetapi satu ketika ada satu perkara yang anda terlupa.

Ia adalah PERTAHANAN yang lemah membuatkan anda mempunyai kerajaan yang rapuh dan akhirnya kota anda di tawan.

Siapakah yang akan bijak dalam membuat empayar sekarang kerana sejarah ekonomi yang sedang jatuh pada 1998 dan sekarang 2008 adalah satu perkara yang besar di dunia.

Jika anda ingin selamat anda perlu siapkan diri untuk menyimpan rahsia membuat kajian dan menguatkan pertahanan.

Apakah negara kita mempunyai pertahanan yang kuat?

Adakah kuasa besar membuat perancangan untuk menakluk dunia?

Ikhlas dari Penulis buku perjuangan manusia untuk masa depan

  ¶ 2:59 AM 0 comments

 

Perjuangan Melayu

Kisahnya saya tengah buat penyelidikan dan terbaca satu artikel tentang hilter yang membunuh Yahudi. Tetapi saya risau tentang Melayu yang kian hari perlu membuatkan Melayu tidak sama sekali diperlakukan seperti Yahudi. Ia adalah dari pelbagai pihak untuk memperjuangkan Melayu.

Terkejut, apabila saya menaip perkataan Anti Malay saya jumpa banyak artikel yang masih disebakan. Saya rasa kita patut DELETE dan serverdown semua artikel tersebut. Selain itu kita perlu membuat pemantauan dan membuatkan Melayu tidak lagi dipandang hina oleh masyarakat luar.

Oleh itu ia memang satu yang amat baik jika anda boleh menyebarkan pemikiran ini. Jika satu sahaja penyebaran maklumat menghasut seperti anti melayu maka ia amat susah untuk anak-anak kita sebab ia adalah peperangan terhadap Melayu.

Peperangan terhadap Melayu berlaku di sini:

Southern Thailand and particularly the province of Pattani is the home of the ethnic Malays in Thailand. In the 18th century after the Thais captured the Malay-dominated provinces in the south, the Thai consciously avoided referring to the people as Malays and instead preferring the term Thai Muslim. For the purpose of integration, Malay identity was discouraged by the Thai state. Due to such policy, young Malay fluency in Malay is decreasing. This had led to prejudice against Muslims in general instead of specifically against the Malays.

At present, there are Malay separatists in southern Thailand demanding that the Malay-Muslim dominated provinces are granted independence. This has led to killing done by Muslim terrorist. Indiscriminate arrest of Malays has fueled distrust and resentment against the Thai authority among the locals.

Thaksin had declared a militant law in southern Thailand. Former Prime Minister Thaksin has been blamed for action that lead to an incident at Tak Bai that led to the death of a number of Malays.

Apa yang menyebabkan saya bimbang adalah teori perjuangan Homo Sapiens yang saya ingin bukukan pasti menghasilkan kesan besar sebab manusia tidak boleh berkembang dan maju jika masih tidak memikirkan bahawa spesies manusia perlu maju dan ada spesies lain di luar planet bumi yang maju.

Oleh kerana spesies manusia tidaklah semaju alien di angkasaraya ialah kerana mereka masih bersaing dan menekan antara satu sama lain. Ia sememangnya satu yang amat membimbangkan.

Jika hari ini anda boleh membuat keuntungan dan membesarkan bisnes anda. Satu hari anda lihat anda tidak begitu berjaya dengan modal yang anda ada. Ia mungkin mengurangkan kejayaan dengan keputusan baik yang semakin sempit.

Jika hari ini anda mencari rezki maka anda ada 1000 rezki dan berhasil mendapat keuntungan 100 rezki sehari. Jika anda lihat adakah satu perubahan boleh membuatkan rezki anda hilang. Ia adalah MANIPULASI di pihak tertentu untuk menutup pintu rezki anda.

Ya, ia benar anda tidak lagi berjaya seperti orang dahulu kala tetapi anda setakat CUKUP MAKAN sampai ke hari tua.

Istilah cukup makan memang banyak dalam masyrakat melayu sebab semua orang melayu rata-rata tidak lagi tahu untuk membuat bisnes besar-besar dan hanya tahu untuk makan gaji. Jika bergerak untuk usahawan juga tidak berjaya sebab faktor “Survival” dan tidak pandai bersaing.

Penulis buku perjuangan manusia untuk masa depan

  ¶ 11:16 PM 0 comments

  How To Sell Your House At An Auction An auction is a popular selling method for houses, especially for the owners of foreclosed homes, due to its many benefits. It is the quickest way with the highest guarantee of sale. Here are some guidelines that will help you determine whether you should auction your house or not.

Which Properties To Sell

There are several types of properties that are best sold at auctions rather than under normal circumstances. They include:

Houses That Are Hard To Sell Through Conventional Means: There are certain types of houses that simply can't be sold through the open market fast. These include those that are in really bad shape and have received no repairs over the years, properties that have very unorthodox designs and those that don't receive good advertisement. All of these types could have a fair chance of getting sold through an auction.

Houses That Have No Definite Value: These are houses that are marked for their distinctiveness but are rather hard to sell on the open market.

Foreclosed Houses: Owners of foreclosed homes usually resort to auctioning their houses for faster sale to compensate the expenses, the unpaid bills and sometimes even to save the house itself from being foreclosed.

Highly-Demanded Properties: Popular houses get exceedingly higher selling prices when auctioned.

Evaluation Period

This entails the process of assessing your property and the potential auctioneer/s. Before you decide to sell it at auction, it is best to shop around for auction houses that fit your requirements. Have your property evaluated first so you'll know what is the reserve price of your house and the total value you should get after the auction. Then, check the price range of the properties that the auctioneer offers. This way, you'll be able to increase the possibility of getting a satisfactory deal for your property.

Properties at auctions are sold as-is but the owner has the option to increase its value first. For example, repairs, doing a bit of cleaning and restoring the property will actually increase its selling price.

Knowing The Cost

Auctioneers don't come free. They charge their clients for the brochures, advertisements and the general services they provide whether the house is sold or not. Also, you might pay a minimum commission of 2.5% from the sale of the house. To get around the unsolicited expenses and the payments that you may not expect before and after the auction, negotiate well with the auctioneer and read everything before signing anything.
Selling Proper

Before offering the house for auction, set the reserve price first - this is the starting bid for the property. Consult with your auctioneer before setting the reserve price. Second, arrange the contract. Finally, prepare the property for viewing by willing bidders.

Selling itself will occur during the auction. Potential buyers will bid on it. The one with the highest bid wins and the sale is official and legally binding.

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  ¶ 6:35 AM 0 comments

  How To Profit On Selling Real Estate At Auctions Auctions of real estate are not only done by people who are distressed about their mortgage fees but also by people who want to make a profit on their own properties. And what is the best way to do it? Real estate auctions.

Real estate auctions create the buzz and interest that may not be had through conventional selling on the open market. Sometimes, this type of merchandising your property may even increase its actual value due to bidding wars that often happen during auctions and by the attention the auction gets. Furthermore, bidding occurs only in a day so any willing buyers will have to compete with other more willing buyers to get the property they want.

Here's how you can profit from selling your real estate:

Preparation

To maximize profit, prepare your house for selling. Spruce up the property and make it look good to willing buyers. Paint the exterior and interior, landscape the garden, clean up and put away things that do not look good around your house. These little investments will go a long way in increasing your home's value.

Evaluation

Have your house evaluated by a realtor or real estate agent. If you do not want to throw in some cash, try to research on the general value of the properties in your neighborhood. Compare it against houses with similar amenities. This will give you a rough estimate of how much your house is worth.

Auctioneer

Prepare a meeting with professional auctioneer who offers similar properties like yours. This way you'll get the best value and maximized exposure. Ask for several references. Also, try to attend some of his auctions so you'll know the potential buying capacity of his regular bidders, his performance and his capacity to sell your house.

Then hire the best auctioneer that you can afford. Your best choice may require you to pay a lot more than hiring regular auctioneers. However the best people in this business have the best capacity to attract more interested people in buying your property.

Before signing any contract or agreement be sure to read the fine print. You never know what you will run in to. Also, be sure to note how much commission you will give him and other expenses that you may have to pay during the entire process.

Lastly, with the help of the auctioneer set a reserve price for your house. This is the least amount of money that you will get from auctioning your house.

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  ¶ 6:35 AM 0 comments

  Police Auction: A Place To Get Bargain Items! Everyday all across the country, police agencies like county sheriff departments, police departments, local police agencies, and federal law enforcement agencies acquire lost, abandoned, confiscated real estate, motor vehicles, and other personal properties from different private owners as a result of arrests, forfeitures or plain neglect on the part of the owner. When left unclaimed for a certain period of time or when proven that they are acquired illegally, these items go to police auction.

Police auction is no different from other types of auctions held by privately-sponsored auction houses. You go to the site, inspect the auction goods, bid, win, pay, and go home happy. The main difference is, unlike all other types of public auctions, you do not have to pay a registration fee in order to place a bid. All you have to do is to go to the location and bid.

You may have heard of claims saying that you can drive home an almost new car for just a couple hundred dollars. While this may seem to be too good to be true, there is a truth behind it.

One reason why these goods are being sold dirt cheap is because police agencies really have no use to them. So instead of putting these goods in their storage or at their garage, it is more reasonable to dispose them through public auction. Besides, storage cost are very high.

Another reason for this is that police auctions are not as popular to many as most people are more aware and would certainly go to online auction sites and privately-run auction house. As a result, there are less people that participate in the bidding. This keeps the price of the auction goods low and if you are lucky enough, you can get the item without dealing with the competition.

Third, many goods on sale at police auctions are not appraised. Meaning, the minimum bid is not based on the current market value of the goods. Thus, there is a possibility to get items at the least possible price.

Finally, there is a negative notion that goods being sold at police auctions come from criminal. While this is true, most of the items here do not have bad history of ownership. Still, most are discouraged to go to police auctions.

Police auctions are held on announced schedules. You can get auction schedules on the police agencies' offices, community boards, local newspapers, and police websites.

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  ¶ 6:35 AM 0 comments

  How To Buy A House At An Auction There will always be a home seller or a home buyer. If you are the buyer, purchasing a home from an auction might be your best shot for a great deal. However, you should make some preparations to maximize your chance of getting the property you want at a discounted price.

Research:

Knowing what you are buying will equip you with the best judgments on how to deal with the owners, how much your highest bid will be and your expectations regarding the house itself. Try to get some information about the house. It is much easier to get information on a foreclosed house that is being sold by the owners. If it is being auctioned by the bank or the government, public information may be limited. If you are just looking for a house to buy at an auction, check the title company for information or the county recorder. Also, houses being auctioned are advertised through auction websites. Auction catalogues could also be a good source of information on the reserve price, the starting bid and the maximum price of the house being auctioned.

Compare:

If a house is foreclosed in a certain area, chances are there are other houses being sold in the same area. The prices of such other properties may be good estimates of the property's actual value. When comparing, assure that you are putting similar properties in comparison. Get down to the specifics- how large is the property, what is the lot area, what are the amenities, what is the estimated cost of repairs and others. For more reliable predictors, compare the property being auctioned with properties lying within 3 miles.

Financing:

When buying at an auction, it is not always necessary that you are buying with your own money. You could also get financing from money lenders and mortgagors. However, there is a danger to this- you have to pay the interest of their money on top of the total amount of money you are borrowing. That might hurt your finances a bit. Nonetheless, you must be ready to put some money down as a deposit if you win the auctioned house.

Pricing:

Once you consider bidding on a particular property, start setting your price limit. Remember that the reason you are at an auction is to save some money while getting the property you want. If you cannot achieve this then it is senseless to buy from an auction. Try not to join a bidding war if it occurs. This will increase the price unreasonably with you on the losing end.

Walk Away:

To every house that is being auctioned, there will only be one person who will win it over the others. Thus your chances of winning the auction is a lot lower than you might expect so be prepared to walk away.

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  ¶ 6:35 AM 0 comments

  How To Prepare Your House For The Auction While repainting your house, refacing your kitchen cabinet doors, and scrubbing your bathroom tiles do not increase the value of your home, it certainly will improve its appeal and attract potential buyers. Remember that when your house looks goods, fresh, and clean inside and out, more people will consider buying it.

So, if you have decided to sell your house at an auction, spend some time, thoughts, and perhaps money in polishing up your home.

Repairs.

Before opening your house for viewing, make sure that any minor and major flaws that are considered as eyesores to potential buyers are addressed.

- Clean stains on the floor, on the wall, and the ceiling.

- Replace broken or defective door handles of the closet, drawers, and cabinets.

- Replace dead light bulbs.

- Check all doors, windows, drawers, cabinets, and cupboards. Make sure that they all open and shut well.

- Fix any water leaks.

- Fix the roof.

- Trim the garden grass, bushes and trees.

- Dispose of all your garbage properly.

- Keep the bathroom floor and kitchen sink dry.

- Fix the doorbell if it is defective.

Refurbishments

Most of the time, minor details can influence potential buyers to seriously consider your home. Find a feature of the house that can really make a difference and highlight it more. It could be your fireplace or patio.

Give A Good First Impression.

Some potential buyers take the front porch, front garden, and the facade of the house as a major consideration when buying a home while others simply want a good first impression. Bottom line: you need to clean or even improve the front of your house so that you can attract more potential buyers.

Keep Your House Furnished.

The more organized your house is, the more saleable it becomes. A house looks good if it is furnished; but avoid over decorating. Remove all the clutter from the rooms. Do not exaggerate the space. Clean out your closets but do not remove everything. Leave a few things inside. Also, your furniture arrangement should be cohesive with the structure of the house. Remember, many potential buyers rely on what they see inside your house upon viewing and not on what it will look like once they have bought the property and move in with their own furniture.

Once you have ensured that your house is ready for viewing, it is time to sell it at an auction.

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  ¶ 6:35 AM 0 comments

  How To Prepare Yourself For Buying At An Auction Maybe you are considering the option of buying at an auction. It may be a car, office supplies, an addition to your collection or real estate property. Whichever is your choice, you certainly have to undergo some basic auction preparations. Here are the general ideas:

First Step - know the type of item you want and the respective auction where it is showcased. Almost everything under the sun can be bought at an auction. If you want second-hand cars, you must go to auto auctions. If you opt for buying an old building you need a real estate auction. If you have no concrete idea of what to buy, it is best to go to government auctions where they sell just about everything at very low prices. There are also high-end and low-end auctions. Each showcases various items and properties that differ in price ranges.

Second Step - know the rules of the auction house. Each type of auction has a number of auction houses and each auction house has its own rules. If you are a first-time bidder, it is in your best interest to do your homework first and research on the purchasing or selling rules of the auction house. Most auction houses require registration fees from their participants. This could be withdrawn after the auction. Also, many auction houses require a buyer's premium from bidders who've won the item.

Third Step - know the timing. Auctions vary in timing, they could last anywhere from several minutes to days. The candle auction, for example, usually lasts around 15 to 20 minutes until the candle burns out completely while a real estate auction may last up to 4 days.

Fourth Step - check for the inspection time and maximize it. Some auction houses allow viewing time to give the potential buyers the chance to inspect the items they want to bid on. However many auctions do not provide this privilege especially if catalogues are given out.

Fifth Step - decide on what items you will buy. Once you see the items, pick out the ones you want to bid on and calculate how much you are willing to pay for them. Then set your price limit and stick with it. It is easy to get swept up by the excitement of bidding so be sure to guard yourself against this. If you let your emotions decide for you, you might be buying things you didn't intend to buy or pay more than you can afford.

Sixth Step - register. Almost all auction houses require their bidders to register. You may register beforehand or right before the auction. Before you register, prepare to spend some money.

Finally - start bidding and remember the preparations you've had. If you have a plan, don't diverge from it.

  ¶ 6:35 AM 0 comments

  How To Sell Your Item At An Auction? The process of selling an item at an auction is pretty straightforward. You choose an auction house, know the conditions before signing an agreement, and stand back and wait until your item is bought.

Choosing an auction house is crucial for the sale of your item. Landing a wrong one greatly reduces the chances of getting a favorable sale. As much as possible, pick an auction house that sells items similar to yours within the same price range. There are privately-run auction houses that sell specific items such as jewelry, antiques, artwork, vehicles, or vintage cars. There are others that sell miscellaneous goods. Do some thorough research on the auction company carefully before selling your items through them.

Knowing and understanding the conditions set by the auction house before signing an agreement is important.

There is a cost in placing your item in an auction. One is the commission of the auction house on the sale it has made on your behalf and the other is for the advertisements in catalogues and brochures regardless of whether your item is sold or not.

Keep in mind the things you need to prepare including the reserve price, the contract, and opening your property for viewing (especially if it's a house).

A reserve price is the lowest amount at which you are willing to sell your item. To determine how much your reserve price is, you need to have your property appraised. It is based on the actual market value of the item you are selling. It protects you from selling your item when the final bid is lower than your intended amount of sale. Auction houses charge a fee when setting a reserve price.

The contract contains your terms and conditions of the sale which should be prepared by the solicitor of the auction.

If you are selling a property, have it opened for viewing. This allows potential buyers to inspect the condition of the house.

Once the auction starts, you have no control over your item. An auction is a highly volatile marketplace and the final price is dictated by the bidders. You may get a good deal but if the demand is low, you might end up selling your item at a low price.

One important fact: Whether your item is sold or not, you will pay the auction company. Calculate carefully if it is worth it to sell your items through an auction.

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  ¶ 6:35 AM 0 comments

  Must-Know Things About Car Auctions Investment wise, buying a car at an auction is a smart move. But this should be done with extreme care because public car auctions have inherent risks and benefits. So before you jump in with your bid it is best that you are equipped with necessary knowledge about auctions. It is not all about finding great deals, it is also about dodging the possibilities of getting not-so-good ones.

First with the cars. Cars at auction are generally cheap. However, the mechanical condition of the cars suffers. You won't know whether the car has mechanical defects or whether the paint is original or not until the buyer tests it. The problem with car auctions is that not all auctions have a viewing time. Meaning some auctions will not allow the potential buyers to inspect the cars they are eyeing. Also, many organizers do not allow test-drives. Thus, any potential buyers are not certain whether the deal they are getting is good or bad.

Also, the cars are auctioned as-is. If the car has a dent then you'll be buying that dent along with the car. Nearly all auction organizers do not bother on fixing the car before they bring it to the auction site.

Second, the extra charges. These may be small and can be easily dealt with however, for many buyers paying extra cash for some fees that they were not prepared for could spoil the deal. Paying the buyer's premium, a fee charged to the person with the highest bid, could sometimes cost a couple of hundred dollars.

Third, the type of car auctions. There are several types of car auctions and these provide features that may not be had from other types. For example, there are auctions specializing only on second-hand cars, there are those that sell vintage cars and there are others that attract people wanting to buy salvaged cars. The buyer will then have to decide the options that suit him best which will let him get the best deal.

Fourth, knowing where to look for auctions. Different auction houses have different mediums for relaying their activities to the public. In short, there are many places to look for when wanting to find auctions. Advertisements are commonly found in radio announcements, local TV networks and car sale magazines.

Lastly, the car auctioneers. A lot of car auctioneers are reliable and reputed for their good services but some of them are not. So ensure to it that you go to auctioneers that operate on regular basis but sometimes, even that is not an assurance that you are getting the best deals.

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  ¶ 6:34 AM 0 comments

  Understanding How Silent Auction Work A silent auction is a fundraising method that is commonly used at charity events. It is different from the usual auction wherein an auctioneer calls the price from people who raise their hands or numbers to bid for a particular lot. Silent auction is often the preferred way of raising money as it does not detract people from the event.

At a silent auction, a table or a display that shows the items or services on sale is set up for the people to see. Some items or services may have a minimum bid as they may be of high value. A paper is usually located near the item where the bidders can write their names and the amount they are willing to buy the goods. Some silent auctions have one receptacle to hold the bids for all the goods on sale; others have individual container for each item. The choice however, is really up to the host.

The display gives the chance for the bidders to view all the items during the event and select which among the items they would like to bid.

At a silent auction, previous bids can be shown publicly through a bidding sheet. This allows other bidders to know that they need to bid higher in order to bring home the item. This also gives the bidder a chance to review the current bidding sheet and place their final offer prior to the closing of the auction.

Similarly, the bids at the silent auction can be kept privately throughout the event. All the bids will be calculated at the end of the auction and the highest bidder wins the item for whatever amount he or she has written.

One similar auction website that runs on the same principle as silent auction is eBay where people can see the item and place a bid higher than the previous one made by others.

A silent auction has an advantage over the regular form of auction. Since it is mostly used at charity events, silent auction eliminates the need to hire a professional charity auctioneer.

However, it has drawbacks. A regular auction capitalizes on impulse of the buyers to bid for the items in a very short amount of time. Silent auctions on the other hand allows bidders to consider the amount of their bids longer.

More often than not, charitable events use both silent auctions and regular auctions to take full advantage of both systems.

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  ¶ 6:34 AM 0 comments

  Vehicle Auction FAQ What Is A Vehicle Auction?

A vehicle auction is a type of auction that specializes in selling all types of vehicles such as cars, trucks, SUVs, and motorcycles.

Are Auction Houses Selling Vehicles 90% Off Their Current Market Value?

Buying a car 90% off its market value sounds unbelievable but it is actually true. An auction is a very volatile marketplace and the price depends on the willingness of the bidders to buy a vehicle for a certain price. If you're the only person interested in a certain vehicle, you can buy a car at the cheapest price. Competition can drive the price of the car higher that its current market value, though. Driving home your next car at a dirt cheap price may be possible but is not an everyday affair.

Where Are Vehicle Auctions Held?

Vehicle auctions are being held all across the country everyday. Auctions are held at the following places: police agencies like county sheriff departments, police departments, local police agencies, federal law enforcement agencies; different government agencies including but not limited to U.S. Bankruptcy Court, State Tax Department, Customs and Border Protection; and privately sponsored auction houses. Schedules of auctions are posted and announced on websites, brochures, newspaper listings, and agency offices.

Do I Need To Register?

Yes. Before you can participate in vehicle auctions, you must register and a registration fee is required. This is done at the auction site on the day of the auction.

Do The Vehicles Have Warranties?

Most auto auctions do not provide "in-house" warranty; however, if it is applicable, the manufacturer's warranty is transferable.

Can I Test Drive The Vehicles?

During the auction preview, potential buyers are allowed to inspect the condition of the vehicles but are not allowed to test drive the vehicles. However, bidders are allowed to check the condition of the engine, heater, air conditioning, and other accessories while the engine is running.

How Can I Pay For My Vehicle?

The following are the most common forms of payment: credit card, cash, credit union cashier's check, cashier's check, and traveler's check. However, you should consult with the auction house and ask for the accepted modes of payment.

Can I Back Out From The Sale After I Have Won The Vehicle?

When you win a vehicle, you are legally and contractually bound to pay at a specified period of time. If you fail to pay for the car, you will be obliged to pay for additional fees and penalties identified on the conditions of sale.

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  Items For Auction: What Are They? An auction is basically offering a property to all willing bidders and awarding it to the one with the highest bid.

Traditionally, auctions were a form of selling women to those who wanted to buy slaves or wives. The beautiful ones naturally got the higher prices while those without beauty had to pay the auctioneer to get listed on the auction. These days, however, auctions have become a popular substitute for the open market. While anything can be auctioned, there are several kinds of merchandise that yield the highest sale when put to auction.

Antiques

Antiques are popular among collectors. These could include items like watches, clocks, jewelry, historical items, furniture and others. There are so many different reasons why people are interested in antiques. Usually history buffs have the highest tendency to collect items with historical value or significance. Possibly someone who has been given an old article or item and just wants to expand his collection of the same thing. For example, someone who is fond of collecting potteries or porcelain from various periods of American history will find it relatively easy to obtain more of these items from auctions. Auction houses are one of the vast sources for collector's items.

Fine Art

Paintings and sculptures are staple items sold at auctions. Both buyers and sellers find it easy to dispose and hunt items that are artistically made through auctions.

Collectibles

Medals, coins, postcards, stamps, memorabilia are among the collectibles sold at auctions.

Property

Foreclosed properties are usually offered at auctions to help previous owners generate funds that will cover unpaid bills. While this may be popular due to the rise of home foreclosures in the past five years, many buyers find it hard to get homes that satisfy their dreams. But this does not negate the fact that auctioned homes could provide you the chance to get your dream house at a discounted rate.

Household

Carpets, garden equipment, beds, furniture and appliances could be bought at auctions. For people who have the need to dispose of their unnecessary household equipment, auction could be a good alternative to a garage sale. For willing buyers, auctions could get them the best deals without the frustration usually experienced at flea markets.

Consumables And Agricultural

Wines, beers, produce, and even fish are popular items found at auctions. In Japan, for example, excellent choices of fish are auctioned daily in their larger markets.

As you may notice not everything can be auctioned. In short, only merchandise, properties and real estate can be sold at auctions.

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  I Won Something! What Now? First things first: different auction houses have different ways on how to go about the process of collecting payments for the goods they have sold. Thus, it is a must that before you even begin to bid for something, you need to carefully read and understood the payment process.

These differences, however, may just be on small details. Generally, auction houses employ similar procedures of collecting payments.

The highest bidder will be asked to sign an auction memorandum or a sales invoice, or a paper signifying that he or she has won the item.

When a person wins an auction lot, he or she is required to pay for it immediately or pay within a period of days indicated on the terms and conditions of the auction company. Some auction houses require the winning bidder to pay for the lot at the end of the day or right after he or she has won the lot. Other auction houses give the highest bidder a few days to complete the payment. Other auction companies can give the highest bidder as long as 28 days to fulfill the payment obligation.

The type of auction goods often dictates how long the payment should be completed. Home furnishing items, motor vehicles, consumer electronics, and apparel among others are often required to be paid for immediately. Since there are papers that need to be furnished to complete the sale of real estate properties, the payment often takes longer than the others.

Payment conditions depend on the amount of the item sold. Many auction companies set price ceilings for certain items to identify which payment method to use. For example, an auction house can require the highest bidder to pay in cash if the item he or she has won is $1500 or below.

Modes of payment accepted depend on the auction company. The widely used payment is cash. The following can also be acknowledged as a way in paying auction goods: wire transfer, credit card (MasterCard, Visa, American Express, and Discover) cashier's check, credit union cashier's check, and traveler's check among others. It is important to check with your auction company which forms of payments are recognized.

An auction is legally binding. Once you win something, you cannot back out and refuse to pay. Refusal to pay for the item you have won has consequences including penalties and additional fees. Again, read the terms and conditions of the auction before bidding.

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  Learning The Auction System This is a guideline that will help you understand the bidding process more. This does not discuss the exact process per se but the things that you should practice if you want to be successful in bidding at auctions.

Preparation Period

Research is a valuable means by which you could make your decisions from. Gathering some information from all kinds of resources- the bidders themselves, the auctioneers, the catalogue, online information and thorough study could make the difference between getting a great deal or a not-so-great one.

Attending local auctions could also equip you with first hand information that is useful once you hop into the real deal. Most states hold regular auctions, it is best to attend some first to experience how they works.

You cannot join an auction if you don't have the buying power. Arrange your finances first. If you are buying something big- say real estate or foreclosed property- you should try to seek effective financing.

Decision-Making Period

All bidders have their reasons why they go to auctions instead of purchasing from other traditional methods. You should first determine your own reasons for using this option for buying. Are you after used cars and want to get them at the lowest possible price without the tedious negotiation process? Do you want to buy a home but you don't have enough money? Or are you fond of buying just about everything at discounted prices?

There are several types of auctions and each caters to a different audience. Government auctions, for example, provide the main advantage of offering the public excessively discounted items. A fine arts auction is a high end type of auction which caters to artists and collectors who want to buy art works. Antique auctions, on the other hand, are popular among collectors of old and sometimes historical objects. On your end, you should first decide why you are buying at an auction.

Buying Period

This period may begin once you have determined what you want to buy and the auction sites that you visit.

Most auction sites have their websites where they announce their activities. Use these to get more reliable information.

Buying will actually begin with bidding on the item. But prior to that, you should first establish the price limit you are willing to pay for the item you want. Also, prepare a mental plan that you want to follow and stick with it. Use this plan while bidding, it will help you become more critical of your decisions.

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  Making The Most Of Government Auctions Auctions sponsored by the federal government are the best places to get great deals. Imagine buying a fine set of jewelry for a fraction of the original cost. But like most auctions, government auctions have their own pitfalls. Here are some things to remember when considering government auctions:

Well-Known But Not Advertised

While you can get the real deal from government auctions, there is too little information about it. The government does not bother too much on advertising the auction dates and the items it would be offering. In fact, it is not bothered whether or not the auction will yield profit. All it wants is to get rid of the seized properties and merchandise and sell it to the willing public.

So if you are wondering where to find such auctions, it is best to visit Link ="http://www.usa.gov">www.usa.gov and start your research from there.

No Assurance

The disadvantage of buying at an auction is that you will never know whether the item is in its best condition until you have bought it. The same is true with government auctions. The items sold at such auctions could range anywhere from abused to mint condition. The bad part is it is too seldom that the items to be auctioned will be allowed for inspection. Chances are you won't be able to test drive the car you are eyeing, the most you can do maybe is to test if it starts. The auction organizers, in fact, do not test the items before they put them into auction so don't count on anything.

Competition

A lot of people attend government auctions so you should brace yourself for tough competition. Bidders range from high-end to low-end buyers and you may be up against people who have higher buying power than you.

Intense competition could lead bidders to overbid, which is not really advisable. Overbidding may lead to paying more than you should.

Phonies

Some government auctions are not really sponsored by the government, there are also some phonies out there. To know if the auction is legitimate or not, the best course of action is to check on the website stated above and contact the agency that is being represented by the auction.

Previews

As said earlier most government auctions do not allow previews. This does not mean that all auctions do not provide viewing time. If you are planning to bid on hundred dollar-items you should give yourself the assurance of examining them ahead of time.

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  Property Auction: How To Decide How Much To Bid? Buying at an auction is often a much faster and easier way to own a property. However, as fast and as easy things may appear, there are jobs that need to be done; including setting the highest amount you are willing to pay for the property.

Here's how to decide how much to bid...

First, once you see the property you are interested in, call the auction house and arrange the viewing. This way, you will be able to decide according to the present condition of the property. Initial impression will give you a good idea (a personal estimate), how much you are willing to pay for the property.

Then, consult your mortgage lender and tell them about the property. They will not lend you money unless a survey or an appraisal is conducted. Know how much you can afford to borrow from your lender

Third, know its market value through an appraisal. This may not give you the exact amount you are looking for but property valuation will give you an idea on how much you should really pay for the property.

Also factor in the deposit you can afford. Usually, the least amount that the auction house accepts as down payment for the property is 10% of the final sale.

Compute the possible repair cost. Properties that are sold at auctions often come from repossession, foreclosure and bankruptcy. So it is likely that they may not be very well-maintained. And to make it livable, you need to do some repairs or renovation. Hire a professional do an estimate on the cost of the repairs. Include the cost of repairs on the highest amount of your bid.

Take into consideration several fees including survey fee, valuation fees, mortgage indemnity guarantees, arrangement fees, solicitor's fees, mortgage broker fees, lender fees, stamp duties, moving cost, auction registration fees, insurance, auction house commissions, and the cost of selling your previous home.

Once you have the figures from every detail you need including the price of the property, the cost of repair, and the extra expenses necessary to by the house, you should be able to identify the highest amount you should pay for the property.

Basically, determining how much you should pay for a property at an auction is similar to setting your budget when you buy property from an agent. The difference is, the price is not definite and will depend on other participants at the auction.

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  Pros And Cons Of Silent Auction Silent auction is a common method to raise money at charity events. But before you adopt this system to your own charitable gathering, first take a look of its pros and cons. This will enable you to know how to adjust and make everything work for your advantage.

There are two ways to run a silent auction: first is by keeping the bids private and the other is by showing publicly through a bidding sheet the previous offers made by other individuals.

Pros

It gives no clue on how much the bids of others are. If the bid history is not written and displayed on a bidding sheet, others bidders will have no clue on how much they have to write in order to get the highest price to win the item. This can result in surprisingly good price returns.

Usually, the auction is just a part of a charity event. Thus, a silent auction will not detract people from entertainment as items are not being called by an auctioneer; instead, items are displayed for people to view and later, bid.

The bidding sheet includes the previous bids made together with the name of the bidder. If this is the case, individuals will think about the price they'll write in order not to draw negative reaction from others.

Cons

Long bidding process may give bidders time to consider the amount they are going to write. This is unlike regular auction that capitalizes on the impulse of buyers to bid on items higher than they originally have in mind. This is perhaps the major drawback of silent auctions.

If the bids are kept privately, the selling price may be lower than what is expected. This is because people have no idea whether or not they have to write down a higher amount to outbid others.

Silent auctions are not a perfect fundraising system. Still, it is said to be the more preferred way to raise money for a cause. The reason is that these drawbacks are often worked out so that it won't have a negative effect on the result of the auction. One way to do it is by using a type of silent auction that will work for the crowd. Another is to combine silent auction with regular auction. Ultimately, the choice is still in the hands of the organizers.

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  Real Estate Auctions: Will It Work In Your Favor Or Not? The number of bank-owned properties is steadily rising. Thus it is easy to find houses that are either for sale, foreclosed or being auctioned in any neighborhood. Nearly all neighborhoods are flooding with such properties and lenders, homeowners and mortgagors are willing to negotiate the prices for easier sale or to auction the houses to get the highest market value available.

A great deal of real estate properties are put on auction for the belief that the buyers could be carried by the hype of the bidding wars which in return, could lessen the devaluation of the properties. In most cases, many buyers jump into the hype and place bids that are beyond the prices that they first set and the prices that they could practically afford.

However this is not true in all cases. There are real estate properties that could sell even at the lowest prices available. If no one bids on the property, the owner might even have a deficit. If there are too few interested in the property, on the other hand, the owner might not get his expected value but the buyer will have a property at a much lower price. In general though, foreclosed real estate properties that are being auctioned are sold at a discounted rates to leave money to the new homeowner for repairs and refurbishments. Also, banks and mortgagors have no more interest on profiting from such sales. They only need the return of their investment or security of low deficit due to the cost of maintenance and other expenses over the property.

If you are interested in buying real estate from an auction, you should be very careful while bidding. Sometimes the highest bid is not the final price of the house. Remember that the auctioneers have to get a commission for their service. On the other hand, if you are bidding on a foreclosed house, you don't have to give really high bids to get the property. Allow yourself some money to cover for some unsolicited expenses after buying the house.

Nearly all auction houses have predetermined percentages over the houses being sold to be received as payments. When bidding, calculate this amount and add it to the highest bid you are willing to bid. For example, the typical commission is around 5%. So if you are buying a real estate property at a price of $100, 000, expect to pay a little more than that.

The main selling point of real estate at auctions is getting the property you want at a reduced price. So be sure to get that. If the price is not giving you that advantage then forget about the property.

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  Selling An Item? Tips On Finding The Right Auction House Privately owned properties like houses, vehicles, sports and celebrity memorabilia, home appliances, office items, and electronic gadgets among others, are sold at auctions for a similar reason: owners want it sold fast. As auctions help buyers to locate items they need, auctions also help individual sellers to find the right buyers. But not all auction houses are fit for everyone.

So if you want to sell something at an auction, choosing the right auction house is the first thing you should do.

1. Choose an auction site that sells similar items to yours with the same price range. This is very important since buyers go to auctions that enable them to have a wide selection of auction goods at a very affordable price. Auction houses that specialize in selling items such as yours should be your first option. Consider other auction companies if you think you cannot get a favorable deal on these auction houses. Also, take note of the price of other auction goods they are selling. If the item you want to sell is either too low or too high than the average price of the rest of the goods, find other options. (Placing your item in an auction that sells different items, however, will greatly diminish its chances of getting sold.)

2. Do your homework. Auction houses are not created equal. While they all sell goods that other people will buy, some are better than the others in terms of attracting bidders. You may want to find an auction house that markets or promotes your item very well. Your auction house should have websites where auction goods can be posted for the browsers to check. The auction house should be publishing brochures and catalogues as well.

3. Know the cost. Check with different auction houses on how much it would cost to sell your goods in your behalf. Also, ask how much would they charge for the commission. Usually it goes between 2% to 3% of the final selling price. Still, take note if you can actually earn by putting your good into auction with all the charges they apply. (One thing to remember: whether you item is sold or not, placing it in an auction will cost you money.)

4. Read the terms. Different auction houses have different conditions. One vital consideration when selecting an auction house is your stand on the company's policy. Before signing an agreement, understand carefully how the company will go about with selling your item. This prevents future dispute that costs a lot of trouble, time, and even money.

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  Selling Your House At An Auction: Know About The Reserve Price Selling a house can be easy if the right buyer meets the right seller at the right place at the right moment. However, this does not happen every time. In most cases, homeowners who wish to sell their homes take several weeks, even months to find a seller even if the house has been advertised in different newspaper ads. This is too long especially if the homeowners want to sell their property right away to avoid foreclosure.

One way to find a buyer fast is by placing the property on an auction. But as simple as it may sound, there is one thing that needs to be done in order to get a good deal: you need to set a reserve price.

A reserve price is basically the lowest price you are willing to sell your home. It protects you from highly unfavorable sale or getting a selling price lower than the price of your house.

This is different from setting a minimum bid. While participants know that there is a reserve price, the exact amount is not revealed to the bidders. If the highest bid is lower than the reserve price, you are not compelled to sell your house.

Why Set A Reserve Price?

Setting a minimum bid too low will attract bidders but you will end up with an unsatisfactory low sale price. Setting it too high discourages the interest of the bidders. In order to help you sell your house without compromising one over the other, a reserve price should be set.

How To Set A Reserve Price?

To set a reserve price, perform a property appraisal. Do this through the help of chartered surveyors. Usually, homeowners commit a mistake by letting the estate agents give the appraisal. The estate agents' job is to market your house and not to give an intuitive estimate of what they think your house is worth. As a result, unrealistic figure comes up either too low to make a quick sale or too high to secure your instruction.

It is also possible to do a property appraisal yourself. This is a bit complex as certain methods should be applied when estimating the price of your home. Still you can get the value of your property by using the "income approach" and the "comparable sales method" The income approach calculates the profitability of the property; comparable sales method involves looking into actual data. Both involve serious valuation to know your reserve price.

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  The Advantages Of Buying From An Auction Public auctions have received positive responses among those who have visited them and won items. But why? Let us look at the advantages of going to and buying items from an auction.

The bidding process enables bidders to dictate the cost of the item they want to buy. While most items are often appraised to determine its minimum price or starting bid, the bidders are still the ones who will decide on the final price of the every item at the auction house.

Purchasing an item from an auction is often faster the than the conventional way of buying. Believe it or not, one item can be sold within 30 seconds at an auction. An auction is the simplest and fastest way to buy anything!

Generally, any item being sold at an auction is relatively cheaper compared to its actual market value. This does not mean though that you can steal a deal at a dirt cheap price all the time but auction items are usually sold 10% to 15% lower that their actual market value which is a pretty good deal if you want to save on cash.

The auction house or the auction companies allow you to inspect the items before the auction starts. This way, you can get up close and determine how much you are willing to pay for a particular item.

Items vary depending on what is available at the auction. From cars to boats to properties to office furniture to sports memorabilia to personal gadgets; the possibility of owning an item is endless. Some auction houses only focus on specific items such as cars or property. Still, inventory is very wide.

You can buy good quality items from an auction. This is contrary to the common notion that items that are sold there are used and poorly maintained. Designer clothes, jewelry, antiques, household goods and even cars, boats and motorcycles are well-kept before it is being sold at an auction. Or, in the case of seized properties, lots and houses that are being sold are not located in crime-ridden areas.

Finally, payment is even convenient. At the end of the auction, the item(s) you've won can be paid in cash, check or with a credit card. Partial or full payment is accepted to ensure that you get the item(s) you've won.

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  Top Reasons Why You Should Hire A Professional Charity Auctioneer A major factor in the success of every charity auction comes from the auctioneer who can make the most undesirable auction good into something that's worth, not necessarily a fortune but a significant amount of money. While many talented volunteers can excite the audience, acquired skills of a professional charity auctioneer can make a big difference. Read on and you'll know why hiring a professional charity auctioneer is worth the investment.

A professional charity auctioneer does what he knows best: he connects with the audience, raises the money and sells items as high as possible for your cause. While in the real sense, the bidders have all the control over the final price of each auction goods on sale, a good auctioneer can stimulate the crowd to bring up the cost of the goods by bidding higher. Other volunteers and celebrities can raise the bidders to their feet but it takes more than applause, smiles, and laughs to raise a good amount of money; a task that only he can do.

It does not end here. Not because you see him only as the person who stands on the stage and calls in the bids means that his task is limited to his podium. A professional charity auctioneer can give you useful insights and help you plan better the event that very few members of your team can match.

He is not the planner though, but his experience in hosting the event will ensure that it will go smoothly as possible. Since the auctioneer participates all throughout the planning, he becomes part of the team. This is important since no charity auction will succeed without a good plan and organization. And no charity auction will do exceptionally well without someone who really knows the correct approach on every aspect of what he is doing.

A professional charity auctioneer may cost you some amount but the service he provides is worth more than he charges. Besides, there are auctioneers who will willingly give their service to charity auctions free of charge or for a very small amount.

Take note: a traditional auctioneer has high skills in his on rights but there is a special level of skill required when calling bids for a non-profit auction. The expertise combined with the passion and understanding to the mission and objectives of the clients are something you can only expect from a charity auctioneer.

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  Types Of Auctions English Auction:

This type of auction is used at English auction houses like Phillips, Sotheby's, and Christie's. The process starts when the auctioneer announces the item and the minimum bid. Individuals openly try to outbid each other wherein each bid is higher than the previous one. The item is sold when the 'buy-out' price is reached or when there is no other person willing to place a higher bid. The 'buy-out' price is a pre-determined amount that is set by the seller.

In other cases, 'absentee bidding' is accepted wherein an individual will cast his or her bid online or through a telephone.

In an English auction, a 'reserve' price may be set. This is the lowest amount at which the seller is willing to sell the item. This gives the seller the right to refuse the sale if the final bid does not reach the reserve price.

One variant of the English auction is the silent auction wherein people can write down their bids together with their name on a piece of paper. At the end of the auction, the bids will be calculated and the highest bidder wins the item.

Dutch Auction:

This is a type of auction where the auctioneer begins by announcing the highest asking price. The amount is then lowered until someone is willing to buy the item. The bidder pays for the last announced price. This type of auction is convenient if the seller wants to sell the goods quickly since the process requires just a single bid to get a sale.

Chinese Auction:

This is basically an auction and a raffle combined. At Chinese auction, the bidders are not the ones who will call the price. Instead, the bidders will buy a ticker or tickets and place them inside the "hat" from which the winners will be drawn for a specific item. The bidders can buy as much tickets as they want to increase their chances of winning. It is unclear whether or not this type of auction originates in China but for sure, the term is more likely to come from "chance auction".

Sealed Auction:

This is a form of auction where participants place their bids in a concealed way, usually in an envelope. The highest bidder wins and pays the amount of his bid to the seller. A similar version, called the second-price sealed auction is a type of auction where the highest bidder wins but pays the price of the second highest bid.

All-Pay Auction:

This is a type of auction where all the bidders must pay for the amount they bid regardless of whether they win or not. The highest bidder wins the item.

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  Types Of Government Auctions Government auctions, if you are the type of person who wants to find just about everything on sale, is among the best options you have. Government auctions showcase almost all types of items and properties- from earrings to multi-million dollar properties.

With that in mind, it is easy to understand that government auctions come in many types. Each of which differ in the manner of how the government obtained the items or the properties and the manner of disposal the government uses to sold off the properties to the public while getting a profit in return.

Here are some of the types of government auctions:

Government Surplus Auctions

Also known as the GSA Auctions, is the type where the Government sells everything that it no longer needs. Thus you can find anything and everything being sold here. Typically, the items here are second hand but they are, in most cases, top caliber and buyers can get them at excessively low prices. The government does not aim to make profit on such things; it only wants to get rid of them.

Common items found in GSA auctions are automobiles, jewelry and office equipment. However, surplus buildings, real estate and properties are also sold here.

Many people doubt though whether they should buy too-good-to-be-true items in such auctions. But as they say, to see is to believe. But there is no doubt that most of these things are authentic.

Seized Property Auctions

Mostly selling confiscated properties, seized property auctions sell properties and items that were foreclosed by the government or taken from the original owners due to tax, financial and other related issues. However, seized properties may also come from confiscations from illegal activities like drug dealing or smuggling.

Seized property auctions could also stem from tax seizures. A house, for example, could be seized by the government if the owner fails to pay his taxes, mortgages and bills. This could extend to other properties like clothing, cars, and real estate.

Custom seizure auction, another type of seized properties auction, sells goods that could come from: a) smugglers, b) people who were not able to present enough and detailed information of the merchandise, and c) people who came from other countries bringing along with them unauthorized merchandise.

Buying from government auctions offers you some of the best pieces of items at a very (very) low price. If you want to find the best deals, try to research the schedules of government auctions.

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  Winning Over Dummy Bidders And Snipers Dummy bidders are individuals who sit among the auction crowd and pose as buyers. They are often employees of the auction house or agents that sponsor the sale of the item. They are used to create competition with real bidders or to infuse interest in items with little or none. Dummy bidders are instructed to bid for auction goods at a pre-determined amount.

Auction snipers on the other hand are real bidders that watch for a particular item and bid at the very last possible moment to emerge as the highest bidder. In online auctions, online sniping is usually done using a software. This software allows someone to win an item by setting it up to bid for the very last moment before the auction closes.

It is frustrating to encounter dummy bidders and auction snipers at auction houses especially if you really want to win an item or if you want to buy something at the very lowest price. How to win over them, you ask? Consider the following suggestions

Choose a reputable auction company. While dummy bidders can be at every auction, not all auction houses have them. Read feedbacks and testimonials of previous bidders. They are the most reliable source of information.

Identify the dummy bidder. This is quite a task since you need to focus on watching for your item as well. But, if you happen to identify some of them among the crowd, then you have a good chance of winning over them. Since their main role is to drive the price of an auction lot up, they will stop at a certain price limit. You can either hold your bid until the last possible second or engage them by bidding on the amount you can afford. You can jump bid but this is like saying that you allow dummy bidders to beat you in their game. Well, if the item is more important to you than its final price, then you can always bid higher than them. They will eventually stop bidding anyway.

Bidding snipers can only be beaten by becoming a sniper yourself. To become one, remain watchful and hold back your bid. At the very last moment or when the auctioneer is about to rap the hammer down, place your bid.

Also try throw bidding. This is done by bidding outside the increments. This will confuse bidders and will put the auctioneer off-guard.

Ignoring that they exist is not the best way to win them over. You must engage and fight to win your item without breaking your budget.

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  How To Buy A Home At An Auction? Go to an auction site, bid for a property you like, give the down payment, and move in to your new home. If buying a home from an auction is as simple as this, then we don't have anything to talk about. However, bidding for a property is not a simple matter. You need to consider all the factors that are involved in the whole process. Sure, you need to do every step above but the unmentioned steps are often the most difficult part of the process. Here are those steps.

Know What You Can Afford.

It is nice to look at houses listed in the auction brochures. But no matter how deep you fall in love with any of the houses on the list, everything simply boils down to what you can afford. So, before anything else, know your financial capability. Buying a home at an auction is a big step in realizing your dream to become a homeowner but that does not end there. You are responsible in keeping the payment for your mortgage up to date. Identify your present and future financial standing to decide which house you can afford.

Go To The Listings.

Now that you have a price range in mind, it is time to go through the brochures and look for the house that fits your budget. The key here is sticking to what you can afford. It is useless to buy the house you really want and lose it in a couple of months because of foreclosure. It is important to have enough savings before you plan to buy a house. This way, you increase your chances of buying better and more expensive property.

Do Your Research.

A house is sold at an auction because of two reasons: (1) the owner of the house is unable to pay for the mortgage and the house is taken back by the lender through foreclosure and (2) if the owner of the house cannot sell the property and has to seek the help from an auction company. Know the background of the property you are interested in. Schedule a visit so that you know what you are bidding for. Remember these 3 words: Location, location, location. Not being able to afford a first class neighborhood doesn't mean that you have to settle for a house in a crime-ridden area. Bid for a house that is accessible to your daily needs.

Once you have done these 3, it is time to go to the auction. Make sure that you have money on hand as auction houses require the winner to pay at least 10% of the total price as a down payment.

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  How To Avert Auction Mistakes Bidding at an auction can be an enjoyable experience but if you focus solely on fun and let loose of your limitations, you may be on your way to auction pitfalls. Here are the things you need to remember to avert auction mistakes.

Inspect The Items You Are Interested In.

While auction brochures can supply you with important information about the auction goods you want to buy, there is no better way to know the condition of the items than to inspect them in person. Remember, bidding at an auction is a form of buying goods. So no matter how inexpensive the item you have won, you still have to pull money out from your pocket.

Know What You Need And Not What You Want.

There are several good items that can be put into a single auction; however, this should not be a reason for you to throw away your money and bid on everything. Set your priorities straight. You are going to an auction to get something you need and not just for the heck of bringing home just anything.

Set A Budget.

The bidding process happens very quickly and if you are not attentive, the item you have planned to bid on will be taken by others. But this is not an excuse to engage into a bidding war against other bidders. Set the highest amount of cash you are willing to pay for each item you have chosen. Keep your budget in mind when bidding.

If you are bidding on memorabilia, antiques, artwork, or vintage items which value may appreciate in the future, set your budget so it is worth the investment.

Any items you have won during the auction must be paid for that day. Often, credit cards are accepted as a form of payment but most auction companies require cash.

Do Not Forget To Register.

Before you can participate at an auction, you need to register. You may be asked to give your name, address, phone number, and may be required to give a deposit. You will be then given a number you will use during the auction.

Do Not Get Carried Away

Emotions can run high during the bidding process. Stay focused! If the price of a particular item goes over your budget, let it go. Do not get frustrated and bid on other items you don't really want just to comfort yourself or just to have something to bring home. Again, you are putting money on the line so spend wisely.

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  Bidding Tips: Learn To Do Well At The Auction An auction can be a great place for bargains and a venue where you can get items you are looking for. That is, if you know how to bid right. Here are some pointers you can apply when you are going to an auction.

Inspect the items personally. Deciding whether to bid for an item or not should not be done while looking at the auction brochure. Because no matter how glossy and attractive the pictures are, there is no other way to get the full details on the things or property you want to buy than looking at it in person. So, before you even think about buying an item at an auction, make sure that you have done a physical inspection. Come to the auction site before the bidding starts. This will give you enough time to decide if the picture you see is really something worth buying.

Bring a friend. Auctions can stir a lot of emotions you don't need. Bringing someone who remains neutral can give you a tap if you are going out of line.

Set a budget and bring enough cash. Giving yourself a limit on how much you are willing to spend for a particular item should be one of your top priorities. When doing this, consider the total cost including other fees such as repairs, solicitor's fee, taxes, redecorating or renovation, and mortgage.

Don't panic. The auction process happens really fast. In a matter of seconds, an item can be sold and in a matter of minutes, the auction is over and you are on your way home. But this doesn't mean that you go all out and bid on whatever item that is presented in front of you. Stay calm. If you don't get the item you are after, do not get disappointed. It is better to go back another day and try your luck than to go home feeling sorry about yourself because you have won an item you don't really need.

Be aware of the auction lingo. The sale is about to close if you here something like, "going once, going twice" And when you hear the hammer raps, the item is sold. Do not wait for this moment before you decide that you want to bid more for the item.

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  Bidding Frenzy: The Problem With Auctions Why do some bidders stick with their bids even if they are starting to go beyond the rationality of the sale? Why are there so many people who jump into the hype of auctions without really knowing why they do it? And why are there so many bidders who tend to get themselves caught in bidding wars while knowing that they will have to pay more than they can afford?

Bidding frenzy is a common problem in joining auctions which also makes some people reluctant in buying from such. Why is this happening and why are there some people who just can't stop even when the rationality of auctioning is crossed?

Here are three reasons behind this:

One, it may be due to the combination of arousal, excitement, competition, an overwhelming desire to win and extreme reluctance to back out.

Bidding frenzy is comparable with addiction to gambling in terms of the adrenaline rush and the continued excitement running in the psyche of the people involved. The more intense the bidding war becomes, the more interested the bidders become.

The rush of emotions can't be discounted when trying to understand why people participate in bidding wars. At this point, it really no longer matters whether logic is working or not, what is more important is that the person is satisfied emotionally. Also, people loose their best judgment when their minds are clouded with emotions.

Two, it may not be purely on winning the item but on testing the personal threshold of the bidder and the competitor.

People who aren't so interested in the item but get caught in the bidding war no longer feel the need to get the merchandise but the need to make the other person pay dearly when the ending price is several times over than the original price.

Three, it may be due to the lack of experience with auctions.

Bidding wars are more commonly observed among people who are just beginning and are not backed by sufficient information on how exactly they work. It must be noted that some bidding wars are intentionally encouraged by the auction organizers themselves. This is working on the principle that the more interest the public has on the merchandise, the higher the value it receives and the more interested buyers bid on it. This does not only increase the hype over the item but also adds to its market value.

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  Home Foreclosure Auction: How To Prepare Home foreclosure is a very devastating experience. However, for some people who need to buy a home at a much lower rate, home foreclosure auctions could be one of the most favorable choices. Many buyers of foreclosed houses feel guilty. What they don't understand is that it was not their fault that the house is being foreclosed nor was it their fault to want a house for themselves. If you are one of them just remember one thing. If you don't buy that foreclosed home, somebody else will. If someone has to buy it, it might as well be you.

But there are some preparations needed to ensure that you get the best deal.

One, realize that foreclosed homes don't come out clean. The fact that the home was foreclosed only means that the owners failed to meet the regular payments and liens, if there are any. So be sure that the home being auctioned has clean papers. Here's the catch though- most foreclosed homes are auctioned as-is. So any mess or damages done by the previous owners will be your problem once you own the house. So as much as possible research on the particular house that interests you.

Two, don't hop into the auction right away. If you are serious about getting a house through auction try to practice first. Go to an auction but don't participate. This way you'll get the feel of being in the auction pit and it will help you when you actually participate in the bidding.

Three, never get carried away by the bidding wars. Some foreclosed homes increase in value because of exaggerated bidding wars. If there are several people who really want the house and the price has exceeded your budget then do yourself a favor, just back out form the bidding. Emotions can be very dangerous especially during auctions.

Last, do not expect too much. You may or you may not get the house being auctioned. Despite the preparations and research you have done prior to the auction, there might be someone else who may outbid you. If you want to give your efforts some justice and you resort to outbidding everyone else beyond your own capacity, you might find that the auctioned house you won might be a nightmare not a reward. Remember to pull your stops when necessary. If you don't get this house, then think about getting another in the future.

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  Guidelines On Buying At An Auction Here is a guideline to prospective buyers from an auction:

Do your homework: Nothing is more important than knowing what type of battle you are going into. Before traveling towards the auction site, you should first obtain a considerable amount of information about the items being auctioned, the form of bidding and other necessary details. Also, know the requirements of the auction.

Bring cash: Most auctions require the potential buyer to deposit a registration fee which may or may not be withdrawn afterwards. This acts as an assurance to the auctioneer that the person is a serious bidder. Also, know the forms of payment that the auctioneer requires. You might be required to bring cash, to use your credit card or to pay through a bank. TIP: Refrain from joining bids where the auctioneer asks the winning bidders to wire their payment. Once you wire the money, it's lost.

Just be prepared: There are conditions when the auctioneers have to cancel the auction. To get around this possibility, call the auctioneer before going to the auction site. Some auctions are cancelled without notice or with very little notice.

Use the viewing time: Most auctions allow viewing time for the items or properties so that the bidders will get an idea of the items being auctioned. During this time, inspect the item you want to bid on. Check for any indications that will give you hints on whether an item is a good sale or not. Inspect thoroughly because merchandise at auctions come with no guarantees. Foreclosed homes that are being auctioned, for example, are sold as-is. Thus any damages to property, whether it's real estate, a car or just a collector's item will not be recognized through complaints. However, there are some auctions that allow the winning bidder to return the item if proven faulty. But just to eliminate the trouble, try to check the item first before deciding to bid on it.

Set a price limit: Some people get so caught in the bidding wars that they bid beyond their capacity in the process. Don't let your emotions take you to prices that you cannot afford. Set a ceiling for the purchase price and stick with it. This way you won't be a victim of negative spur of the moment decisions because sometimes, even if you can afford the price, it's not wise to buy something priced way beyond its original value.

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  Government-Seized Property Auctions: Buy Your Dream Home Here! Bidding at government-seized property auctions is perhaps the easiest and most effective way to own a dream home. At these auctions, you call the shots; you can choose from any listed properties; you decide how much you are willing to pay for the home; you have the option not to bid if you think you can't afford the property; and most of all, you can buy your dream home at a price lower that its actual value.

Where Do These Properties Come From?

Everyday, many privately-owned properties all across the country are subjected to foreclosure laws and repossession orders; other properties are seized because they were illegally acquired. All of these will become government properties. And since the government doesn't have any use for them, these real-estate properties are brought to auctions to be sold and become government assets.

Buying Your Dream Home At Rock Bottom Prices

When the real estate market is in distress, real estate property prices go down. And when the country's economy is in recession, citizens don't have the financial strength to keep up with the prices. One result of this slow down is homeowners missing their mortgage payments. Both are happening right now! And there's no better time to by property than today.

If You Put Time In It, You Will Be Able To Buy A Home 90% Below Its Market Value.

Do your research and acquire a property listing. If you have one, go through them one by one and study if any particular property fits your requirements. Once you have chosen a property, it is very important to go visit it before the auction. Houses offered at government auctions are not in perfect condition so it is a must that you check its general appearance before finalizing your decision.

Know your financial strength. Decide whether you will pay cash or use financing. If you choose the latter, get pre-approval first from a bank or loan company.

Government-seized properties may have or may have not been appraised before they are put on sale at an auction. Take note of this as the appraised properties are significantly more expensive.

Generally, properties at government-seized auctions are cheaper than the value on the open market but competition can drive the prices up. The key is, be wise when bidding. Bid only the amount you can afford. If you do all these, your dream home is going once going twice and sold to you!

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  Going To An Auction In 5 Easy Steps The process of buying at an auction can be confusing to first timers. If you get started on the wrong foot, the whole experience can be discouraging. So in order to make sure that you do it correctly on your first try, here are the steps you should follow

1. Go To An Auction Preview

If you want to increase your chances of success, this is the most important step you should focus on. Auction previews are an opportunity to know the different auction goods on sale and the only time to inspect personally the items you are interested in bidding on. Turn it on, plug it in, try it out and examine all the features of the item when possible.

Auction previews are held days before the actual auction day. It is your chance to take notes, bring a camera, and screen the items through your personal quality check list. At the day of the auction, go through the items one last time and inspect that they are still in the same condition.

2. Do Your Research

Once you have seen the items on sale, go home and do your research. Go online and check the market value of the items. Consider the repair costs if necessary.

3. Set Your Budget

Once you have done your research on the items you are interested in bidding on, determine the highest amount you are willing to pay for each item. Take note, knowing the amount of your highest bid should be based on the current market value of each item, the possible repair costs, and the additional charges the auction company will impose on the sale.

4. Prepare Your Money

Winning at an auction is legally binding so you cannot simply pull yourself out after you win an item. Prepare your money that you have set to cover your bids and the extra fee.

5. Bid

When the auction opens and the auctioneer calls for the bids be ready. A second of hesitation may cost you to lose the item you are eyeing. Stay within your set budget. The auction process is fast-paced; things can get ugly, and emotions can run high. Do not let your emotions rule your decision-making. Bidding on impulse may win you an item but make sure that it won't overrule the budget you have set and the research you have done.

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  Fundraising Auction Do's And Don'ts Organizing a fundraising auction is a big task, nonetheless it is possible. But before start, take these do's and don'ts as your guide to a better and more successful auction.

Do's

Do the planning carefully. Set your goal. Gather your team. Draw your plan. Delegate tasks. Prepare everything you need. Execute perfectly.

Get a corporate sponsor. Not only will it reduce your expenses, getting a corporate sponsor will also help you attract more people through corporate contacts or employees. Companies are less likely to refuse since it gives them exposure for a small amount. The thing is: You need them and they need you. Everyone benefits.

Define what auction you will use. You have 3 choices. You can use a regular auction, silent auction, or both. Each has its own pros and cons. It is up to you to decide what approach to take to make the most out of these types of auctions.

Do hire a professional charity auctioneer. Take note: "professional charity auctioneer". Regular auctioneers have a great skill of their own but a charity auctioneer knows how to execute a non-profit event very well.

Integrate the auction into a charity event. Often, a fundraising activity including charity auction is combined with an event. This helps draw invites and keep the guests entertained.

Don'ts

Don't set limitations on the type of auction goods to sell. If you want to gather enough funds for a cause, be ready to sell everything.

Don't assume that your guests know what to do. Not everyone has been to an auction or experienced bidding for an item at an auction. So keep each of your guests informed as to what they should expect during the actual event. Doing this allows you to connect with them personally. In return, your guests are well-informed on the cause of the event which can yield to better bidding results.

Don't spend too much on preparation. This is a fundraising event and your goal is to raise money. The last thing you want is to host an event that requires big money. Keep your budget to the minimum. Any amount you save is added to the money you earn.

Don't stress yourself out. While there are lots of things going on when preparing the fundraising event and during the auction itself, you don't have to stress yourself over the details too much. Trust your teammates. They will do the job as they're told.

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  Do Estate Auctions Interest You? Estate auctions seem to be the top-rated places for scouring items that may fit your house. If you are out to seek an odd chair, an old designer side table that could be turned into a center piece for your house or an antique cabinet that could be refurbished for your stylish home, estate auctions may offer you better deals than antique furniture shops.

You never know what you are going to find for sale during an estate auction and what adds to the thrill of joining such. If you are someone who makes the most out of anything you see, you may find that an estate auction is more satisfying than you first expected.

But what will assure you of a great deal with an estate auction?

Going to the auction site an hour or half hour earlier than the actual auction schedule. This will give you time to inspect the items that you might want to bid on. Also, using the inspection period will let you see close the items that you want to buy. You can also evaluate the estimated price for each item, thus helping you decide on the ceiling price you'll give it.

While inspecting, look for the labels or manufacturers of the items you want. These will give you an approximation of its value.

Bid later in the auction. The crowd is usually largest at the beginning of the auctions. If you do not want to compete with other bidders, it is best to wait for the last parts of the auction when the crowd is thinning out. This works most effectively among people who are more interested in non-furniture items.

Do not join the bidding wars. If you want to buy a certain piece of furniture so badly, chances are there is someone in the crowd who wants it too. You'll know this for certain if someone in the crowd tries to outbid you. In the end, there will only be you and that bidder (and probably someone else) who'll be left bidding on an item. If this is the case, you can try to outbid him as much as you want but once the price crosses over the actual value of the item, pull the stops and let that person win it. An item is only as good as its original value.

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  Common Auction Terminologies: A Must Learn Absentee bid is a bid made by a person not attending the auction. The bid, or often called order bid is often placed online or done through a telephone call. The winning absentee bidder equals the second highest bidder plus one bid increment.

Absolute auction is also known as straight auction. This is a type of auction where there is no amount or limiting conditions.

`As is where is' or 'in its present condition' or simply 'as is' is a term used to describe an item without return privileges.

Auction block is a stage or a podium where the auctioneer stands and calls for the bids. When an item is placed on an auction block, it means the item will go on sale.

Auctioneer is the person who calls for bid during the auction process.

Bid is an offer of a price the buyer has called.

Bid History is a list of all the bids made, usually, in chronological order. This is usually used at silent auctions.

Buy-out is a predetermined price set by the seller. Once the buy-out price is reached, the auctioneer has the option to stop the bidding and award the item to last bidder.

Deadbeats is a term given to a high bidder who fails to pay for the item he or she has won.

Dutch auction is a type of auction where the auctioneer calls the highest asking price and incrementally goes down until one bidder is willing to buy the item. The winning bidder pays for the last price called by the auctioneer.

English auction is a type of auction that starts with a minimum asking price and goes up incrementally. The item is won if the buyout price has been reached or if there is no other person willing to place a higher bid.

Featured auction are prominently placed on brochures, catalogues, category pages, or home pages of the auction service. Sellers usually pay for the placement.

Jump bid is a bid that is higher than the incremental bid.

Lot can be a single auction listing or a number given to an auction good for easier reference.

Market value is the highest price of the item when it is sold on the open market.

Maximum Bid is the highest amount a bidder is willing to pay for the item.

Opening Bid is the minimum bid.

Reserve Price is the lowest amount the seller is willing to accept for the item. Items with reserve prices are announced before the auction begins but the amount is not revealed.

Snipping is outbidding others during the last moment of the auction.

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  Charity Auction: An Effective Fundraising Tool Charity auction are widely used as a tool to effectively raise funds for a cause. A charity auction works the same as other types of auctions. The main difference is that this auction is a non-profit event and the proceeds of all the items that are sold goes to a common cause.

There are two types of auctions used on a fundraising event: Silent Auction And Regular Auction.

Silent auctions are conducted by setting up a table or a display where all the auction goods will be shown for people to bid on. A minimum bid may or may not be set. A piece of paper is located near the items where participants can write the amount of their bid together with their name. At the end of the auction, the bid is calculated and the person who casts the highest bid wins the item. This is often a better choice for fundraising organizers as it does not detract people from the entertainment.

Bids can be kept privately throughout the auction or can be displayed through a bidding sheet. In a 'private silent auction', all the previous bids are not revealed in public. The good thing about 'private silent auction' is that, it keeps the bidders clueless on other bids. In theory, if a person does not know how much the bids of others are, the tendency is to give the highest amount he or she is willing spend on a particular item. And since it is for a cause, money will definitely come easy.

On a 'displayed-bid silent auction' a sheet of paper reveals all the previous bids made by other people. This allows bidders to watch a particular item or items they like and place higher bids, to write down the amount higher than the previous bid, or to write down the highest bid before the auction closes. This method is currently being used by almost all internet auction sites including eBay.

A regular auction on the other hand requires an auctioneer who will call the price from people who raise their hands or numbers to bid. A regular auction takes advantage of impulse buying as bidders only have a few seconds to outbid each other. If the auctioneer is good and the competition is present, items can be sold higher that their original value.

When executed properly, both silent auction and regular auction effectively yield a good result.

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  Car Auctions: Advantageous Or Not? Good and bad deals in car auctions have their equal share. Some first time buyers who've had a good deal may call it luck, but others who are more experienced at car auctions are just responding to some good opportunities. Here are the pros and cons of buying at an auto auction:

Pros

People with limited budgets and who want to buy a car find that there are a lot of choices in car auctions as compared with conventional car distributors and dealers.

For regular cars sold at auctions, buyers could secure reliable if not the best cars at very cheap prices. In most cases, organizers make it a point that the cars they sell are checked well for any damages or malfunctions and are in good condition.

At car auctions, even the best and most popular models are being sold with an added perk- they come at lower prices.

For car collectors, there are available auctions where vintage cars are featured. This may be a good opportunity to obtain some of the best cars without having to go through negotiations with owners who are unwilling to sell their vintage cars. Also, car auctions present great opportunities for buying really old cars without having to pay premium prices for the "vintage tag".

Cons

Cars at auctions are sold at relatively lower prices because the items are typically second-hand autos repossessed by the mortgagors or the federal government. There is an added danger to this- there are cars labeled as second-hand but are not at all second hand, some of them could be third hand or more.

A lot of cars at auction are not in mint condition, many of them even have mechanical flaws. Such flaws may not be apparent during the auction due to refurbishments, repaints and fixes that were made on the car to make the item look their best. These flaws will start appearing once the buyer uses the car.

Some cars that are being auctioned are "hot" cars, meaning these may be smuggled or stolen. Chances are you'll have problems regarding the car's ownership.

Unlike autos being sold at regular distributors and dealers, those sold at auction usually do not have insurance coverage or warranties.

Different car buyers have different opinions on whether it is good or bad to buy a car at an auction. Thus the buyer has to rely on his best judgment backed by a considerable amount of research and use of gut feelings.

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  Buying Something? Tips On Finding The Right Auction House There are so many police auctions, government auctions, and privately hosted auctions happening across the country. And choosing one may be a bit confusing. Since the type of auction house will make the difference between getting the best deal and going home with nothing, finding the right one is as important as knowing how to bid correctly.

1. Know What You Want.

Not all auction houses sell everything you need. Some only sell properties while others focus on certain items such as cars, antiques, artworks, memorabilia or jewelry. Police and government auctions sell various things including real estate properties, vehicles, boats, motorcycles, home furnishings, jewelry, and consumer electronics among others. When you know what you want to buy, you'll know where to go.

2. Do Some Research.

Finding a public auction is not rocket science. You don't need a degree to find one. Search online and "off-line". Different auction companies and auction houses have websites and newspaper ads where you can get information on when and where the next auction will be. Government and police agencies announce their auction schedules online and on their bulletin boards.

Auctions are also announced in local newspapers especially if the auctioneer is holding it nearby. Do not forget your yellow pages. Auction companies have listings in your dusty old phone book.

Get auction brochures. They contain listings of the items that are about to go on sale which will give you an initial idea on whether the items you are looking for will be sold at the auction or not. In addition, short descriptions are also included in the brochures so that potential buyers get important information on the auction goods.

3. Ask A Friend.

Good things are not always a hard find. Sometimes, all you need to do is to ask your neighbor, your officemate or your relative if they know any auction houses.

4. Choose Within Your Proximity.

The main reason why you are choosing auctions over other ways of purchasing goods is because you want to save money. So keep your expenses monitored. The amount to spend on the item is not limited to the final sale. It includes the cost of gasoline you spend on the commute, the food you spend for the day, and the time you waste to participate in the auction, not to mention the depreciation of your car on your way to the auction house and back. In order to keep your expenses low, choose an auction house nearest you.

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  Boost Your Sales And Make Money At Auctions Whether you are planning to make a living on selling items at an auction or just want to maximize your profit from an item you have entered, take note of the following tips on how to boost your sales and make money at auctions.

1. List item(s) on auction houses that sell similar products as yours in similar price ranges. There are auction companies that accept and sell anything. This is okay but your first choice should always be the ones that are selling similar products as yours. Why? Bidders and shoppers look for a particular item to buy and they want to buy it where they have several choices. The more choices the auction offers, the more people they attract. The same reason people go to a department store rather than a small outlet. Placing your item among other similar items at similar price range increases its chance of selling.

2. Make your item stand out. Buying the rights to become a feature auction can cost you money. Unless you are selling something that can yield to a big sale, refrain from paying for extra exposure. What is meant a good advertisement is by making sure that the item you are selling attracts positive impression and interest. If it is property you are selling, do some improvements. Refaced kitchen doors, newly painted walls, and a clean front porch may not boost the cost of your house significantly but they can be the factors that will help potential buyers decide to buy your house. This also applies to any products you want to sell at an auction.

3. Answer to the buyers' wants and needs. Bidders want to buy something worth their money. So the item(s) you sell should be well in the range of the buyer's budget. If you follow #1, you're doing it right. Bidders need to buy items that they can take home as simple and as quickly as possible. Your shipping and handling terms must coincide with their requirements.

4. Be realistic in setting your 'reserve' price. Most bidders do their homework and search for the current market value of the items they see on auction listings. Try not to take this for granted as you will likely not get any sale if plan to rip off your buyers by setting unreasonable prices. Take note, most people go to auctions because they want to save. Don't attempt to sell your item(s) higher than what they are worth.

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  Benefits Of Auctions For Sellers Many sellers, property owners and brokers often prefer to sell items through auctions due to the following reasons:

An Item Is Considered Sold Once Auctioned

Chances are the items will be bought once listed at an auction. The fact that it is being auctioned means that it has some good market value and this value could increase depending on the bidders. The buyers will always find good reasons to buy the item presented to them even if they may have no intention of doing so.

All Buyers Are Willing To Bid

There is no other way for potential buyers to get the item they want but to bid at an auction. Thus the seller has the assurance that his items and properties will be sold at the end of the day.

Quick Disposal Of Items

Probably one of the fastest ways to sell things, auction gives the sellers the advantage of fast disposal of the merchandise. Once an item is presented to the crowd, someone will always be willing to get hold of it. This then will cut the expenses on maintenance, taxes, and even inventory costs.

Assurance Of True Market Value

The market value is the price that is both competitive and acceptable to the buyers. If the price is bid, this means that the true market value of the item is being given therefore; there is no way for the auctioneer or the seller not to get the price that is fair for the item.

Accelerated Sale

Unlike when a car is sold individually or a foreclosed home is negotiated between the owner of the property, the broker and the willing buyer, items being auctioned only need a moderator to announce the item and the buyers will bid on it. This makes the sale both efficient and fast. The process eliminates the negotiation or the waiting process.

Accurate information

Unlike with the conventional way of selling on the open market, auctions give the seller the assurance that his property will be sold at a certain time.

Buyers are qualified

Registration is a typical part of any auction. The potential buyer has to first register an account that would enable him to bid on the auction and would give the seller the assurance that the potential buyers have the capacity to pay.

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  Auto Auction: Winning The Right Car At The Right Price! Bidding with a reputable auction company is not a guarantee that you won't get ripped off on the car you want to bid on. So before engaging into a bidding war, make sure that you know what you are fighting for.

First, get auction listings. The listings may be a brochure or a catalogue. Getting hold of one allows you important information about the history of the cars that will be put on auction. Look for the vehicle identification number (VIN) and do your research online. Check their history report. The VIN will allow you to discover what happened to the vehicles before they were put up for auction. Check the current market value of the cars of your choice so that you will have an idea on how much money you should place for each car. (Select 3 or more cars you want to bid on as you are not assured that you will win your first choice.)

Pre-selecting the cars and researching their current market prices isn't enough. You need to go to the site before the auction begins and inspect the vehicles personally. This way, you will be able to know the general condition of the vehicles.

Vehicles at auto auctions are sold "as is" and most auto auctions do not allow bidders to test drive the vehicle so the only way to know if it's really worth your money is to do a thorough inspection off the vehicles.

Take note of the information posted on the windshield of the vehicles (seller's name, mileage, lot number, year and model, and lane assignment). This will be your guide on the auction floor.

Once the bidding starts you must stay focus. The auction process happens very fast and one vehicle may be sold within a few seconds. When their number is called on the floor, do not hesitate to bid. Take note, there may be others that are also interested in the same vehicle. If this happens, the price may go well above your expectations. Keep within your budget. Stop bidding if the price is above your set budget.

If you didn't win one of your chosen cars, move on and be ready for the next one to be called. Keep trying without breaking your budget. In the end, if you have done enough, you will be able to drive home the right car, at the right price!

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  Auto Auction: What You Really Need To Know! If you are planning to buy a car at an auction, you are likely to buy a car 'in its present condition'. This means that if in case you have discovered later on that the car you have bought has certain defects, no one will be held accountable for the expenses you made for the repairs (unless the contract gives a special condition or if the manufacturer warranty is still valid). Thus, it is your responsibility to know exactly what you are buying so that you will not regret your purchase if you encounter any problem.

First things first: do not expect perfection. No matter how much the final price is, expect the possibility that the car needs some repairs or some parts need to be replaced. To avoid frustration, include in your budget the amount that may cost you on possible repairs. Inspect the car's condition before bidding for it. It is wise to come early before the auction starts so that you have enough time to make your car selections. Make a shortlist and inspect them one by one.

Check the papers of the car you want to buy including the mileage, repair record, VIN, and safety ranking. Test drive if the auction house permits it.

Beforehand, do some research on the current market value of the car you are interested in. This will give you a clear idea on how much you will have to set aside on each car you see at the auction site.

The highest bid price you should set for each car of your choice must include the possible repair costs you may have. For example, the current market value of the car is $2,000 and the possible repair cost is at about $400, bid at the maximum of $2,000 minus the repair cost, minus the extra fee you have to pay at the end of the bidding.

Bring an expert if you can so that you can get an impartial assessment on the condition of the car you are interested in.

Things happen very quickly in a car auction so be attentive. A car can be sold within 30 seconds. And before you know it, there are no more available cars for you to bid on. Again, stay within your budget. You should not pay more than the actual market value of the car.

Remember, you can get great deals at a car auction but make sure that you know exactly what to expect in order to increase your chances of getting the best for your money.

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  ¶ 6:33 AM 0 comments

  Auctions: Where To Find The Best Deal? If you are looking for your next car, real estate, clothes, jewelry, arts and antiques, household furniture, personal gadgets or anything you want to buy at bargain prices, you should be heading to any of the following places:

Police Auctions.

Police confiscate items and impounds vehicles. But if the items are left unclaimed for a definite period of time or there is no possible way to trace the owners and return the items, they become auction goods. Police also seize properties and items associated to crimes people commit. The police seized properties will then go to an auction. Police auctions are often held at local police agencies, federal law enforcement agencies, police departments, and county sheriff departments at specific time and date.

Government-Seized Auctions.

Due to foreclosure and seizure laws, the government accumulates properties from private owners who were unable to pay their mortgages or loans. These will then become government property and will be put into auctions. The Customs and Border Protection, US Department of Homeland Security, U.S. Postal Service, U.S. Marshals Service, U.S. Bankruptcy Court, Internal Revenue Service, and State Tax Department are some of the government agencies that hold government-seized property auctions.

Bank And Loan Companies.

Bank and loan companies often repossess properties from owners who are unable to make loan payments. These repossessed properties range from real estate, vehicles to home furniture, become bank or loan company properties. Since the cost of storage is high, bank and loan companies want to convert the repossessed properties into liquid assets right away. The best way to do it is through an auction. Bank and loan companies often announce auction schedules online, in office bulletins and in newspapers.

New And Used Car Dealers.

In order to make a sale, new car dealers allow their costumers to trade-in their old cars for new ones. The old vehicle that was traded-in will then go to an auction. Used car dealers also employ the same system as other auction houses to generate sales. While there are some used vehicles up for bidding, there are also very well-maintained vehicles you can buy at a price that is usually lower than their current market value.

Auction Companies.

Auction companies sell a wide array of auction goods. Check newspaper ads, auction brochures, and the yellow pages. They often hold valuable information on when and where the next auction will be.

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  ¶ 6:33 AM 0 comments

  Auctions: How To Bid Safely Every movement on the bidding floor- even the slightest nod- could mean a bid to the auctioneer. Some people accidentally win items being auctioned because of some gestures that were natural for them, say waving at a friend during the auction. This could happen to anyone and it could happen to you.

Here are some bidding safety tips:

Eye Contact

You may be sitting far from the auctioneer but whenever you have the chance, catch his attention. Maintain eye contact afterwards. Keep your eye contact whenever possible, this will establish your identity to him. Thus, when it is time for you to bid on an item you intend to buy, you will have no problem in communicating this to the auctioneer.

Establishing Connection

Once you start bidding see to it that you don't lose the connection with the auctioneer. You could start by making a determined hand gesture or unabashed bidding using your card. From this point on, he will come back to you whenever your bid is upped. A simple nod or a slight gesture will tell him that you willing to raise the price a bit higher.

Dropping Out

Sometimes people feel pressured if the auctioneer keeps on coming back to them. If you want to quit from the bidding, a polite shaking of the head will signal the auctioneer that you are backing out.

Entering The Bid

You should always know when to enter the bidding. Some people come in too early, some are too late. Both positions have low chances of getting the item or property being auctioned at a price they want. If you want to set the price, try to enter midway into the bidding. This way you are giving yourself a fair chance of getting out of the bid if you want to quit or pursue your bid if you are serious with the item. If you are doubtful on whether or not you should buy the item, never enter the bid when you feel that there are fewer people participating on it.

If, however, you intentionally entered the bidding game late, there is a chance that you could be overlooked by the auctioneer. If this happens, try to get his attention by politely saying a word to signal your interest.

Quick Decisions

Bidding often happen fast and sometimes it leaves you no room for analyzing whether you should place the next highest bid. In this case, try to think as fast as you can because the bidding will never stop for you.

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  ¶ 6:33 AM 0 comments

  Auction: How Does It Work Auction is not like buying something from the department store- you get it, grab the item, go to the cashier and pay for it then get out of the store with the item at hand. In auctions, there is fierce competition especially during bidding wars. There are only few items being auctioned which means that only a few people can win the bid so in most cases, even if the bidder comes well-prepared for the battle, he could still get out of the auction site with nothing in hand.

So How Does Auction Work?

Registration

It is a must for auctioneers to have their potential bidders register before they participate in the bidding. The bidder has to give the correct information as this may be use as reference for future transactions. Typical information required are personal information such as name, address and bidding history if applicable. Also during registration, the participant will be asked to pay a returnable deposit. Some auctioneers require large deposits, thus anyone who wants to participate in an auction should be well-equipped with knowledge on the particular type of auction.

Afterwards, the bidder will be given a bidding number which is often used to substitute for the name of the bidder as the bidding happens.

Bidding Proper

Each bidder should be given a catalogue which is a list that contains details regarding the items being auctioned. (NOTE: Under normal circumstances, viewing time is allowed which could last anywhere from a few hours to several days. This allows the potential buyer to view the items he wants to bid on before the auction begins. For some auctions that provide catalogues though, viewing is not allowed. To be sure, it is best to confirm details regarding viewing time and catalogues before the date of the auction.)

After this, the auctioneer will announce the item being auctioned and some important details regarding the item which is usually tied with the information given on the catalog. The auctioneer will then suggest a starting bid- this is not necessarily the lowest available price for the item. In most cases, the first bid usually begins at a price below the starting bid. On the other hand, if the item has a set reserve price, the bidding will usually start above this price until it reaches the reserve price. For guiding the bidders, the catalogues usually have guide prices.

After the announcement of the starting price, the bidders are free to outbid each other until the highest bid is reached. Bidders typically get the attention of the auctioneer by raising their hands or their bidding numbers. But clear gestures can also be used. The auctioneer will normally return to the most active bidders for confirmation of bids. If the bidder wishes to withdraw from the bidding, he can shake his head. The one with the highest bid will win the item.

After the bidding, the final bidder will pay a deposit according to the terms and conditions of the purchase. Payment methods are normally stated in the auction catalogue.

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  ¶ 6:33 AM 0 comments

  A Bidder's Guideline To Auctions This is a compilation of helpful tricks that could improve your bidding power.

How Not To Overbid.

Overbidding is a common problem among people participating at auctions. In sealed and silent bidding, it is easy to overbid since nobody else knows exactly how high or low the bids are. To ensure that someone wins the bids, he should give it his highest estimated value. On the other hand, the behavior of the crowd and the excitement encouraged by the auctioneer over the properties or items are enough to make people bid excessively. The easiest way to counter this is to do your research.

How To Establish Your Price Limit.

Realistic price limits could be made through critically listening to people's advice, from searching the same items online and through researching some information regarding the property or the item being auctioned. With enough information, you could come up with an estimated value of the merchandise. You don't have to be an auction guru to know how much an item is worth though.

It all boils down to research. Knowing something about the item could help you decide on how much you should be willing to bid on it. Doing your homework, getting hold of the actual auction catalogue or inspecting the items during their viewing period could help a lot not only on deciding which item to get but also the price limit you give to each item.

Maximize Your Time.

Some auctions will give you sufficient time to inspect the item, some provide the catalogues. Whichever method is being used in the auction you are interested in, you should try to maximize your time by coming in the auction site early. By doing so you might get a chance to talk to the auction organizers and inquire about the items. This also gives you the advantage of getting a comfortable seat.

Attend Some Auctions Beforehand.

People who are serious about auctions try to find as much information about them as they can. One good way is to witness live auctions personally. There is so much going on, the hype, the excitement and the wars that normally happen. All these could give you reliable information once you decide to participate yourself. Initially, you should not place any bid- no matter how small the amount. Your intention is to get the feel of the auction process, nothing else.

Observe The Crowd.

Bidders have different personalities- each of which work for their buying styles. Work out the differences and similarities among bidders and develop a style of your own. Take note of the style of the more successful ones.

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  Auction Guide For First Time Bidders When you are going to an auction for the first time, there are specific things that you should know.


1. Obtain an auction brochure or catalogue. Do this at least a day before the auction date. This ensures that the goods for sale are what you need.

2. From the auction catalogue, identify what you want. If it's a car, do your research on its current market value online. Once you know its value on the market, you can set your budget.

3. At the day of the sale, phone in the auction house and confirm if the auction is going as scheduled as certain auctions can be subjected to last minute cancellations or rescheduling. Phoning in to confirm if the property or an item you are interested in is still on sale is something you should do before going to the auction house as well.

4. Once you arrive at the auction house, register to obtain a bidding number. You will be asked for your name, address, and contact number and will be asked to pay a deposit or pay a certain amount for the registration fee.

5. Come early. This allows you to inspect the auction goods properly before the bidding starts. An auction brochure may be helpful in providing information of the goods for sale; but physically inspecting the items before the sale allows you to determine if the goods are really worth any amount of your money. Do an ocular inspection, days before the scheduled auction if it is a piece of property.

6. Each item is designated with a lot number for easy reference. Take note of these numbers when you are inspecting the goods. The same number will be called during the actual auction.

7. Before the auction starts, the auctioneer will explain the rules. Listen attentively and keep your ears open for additional information on the goods up for bid.

8. Once the auctioneer calls for the starting bid, the bidding process begins. Each item may be sold within seconds. Once the lot number you are interested in is called, be alert and stay focus. Do not bid an amount you cannot afford. Stay within your set budget. Most first time bidders get carried away and bid higher than what they have originally planned.

9. If you have won an item, you will be asked to pay in partial or in full and to give your personal details the day of the auction.

Once it is all settled, you will be asked to sign an auction memorandum. The deal is done!

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  ¶ 6:32 AM 0 comments

  A Quick Guide In Hosting A Fundraising Auction Any successful event needs careful planning. If you are hosting a fundraising auction, you should sit down, talk with your team, and plan for the event.

Gather The Auction Goods.

Items that will be put on sale may not be expensive and of the same kind. They can be things like handicrafts, trips, commemorative items, sports or concert tickets, and gift certificates among others.

Set The Stage.

A fundraising auction can be mixed with other event such as Sunday garden cookout, or spaghetti a dinner, or wine and cheese party. Prepare everything from food, chairs, tables, bid numbers, and stage. Your venue should be ideal to the event. If you are holding it indoors, decorations are essential. If you are holding it outdoors, check the weather forecast. Have a backup plan in case something goes wrong. The last thing you would want is for the event to be suspended due to weather or any avoidable disaster. Nonetheless, as long as you have a good venue and people ready to shed some money for a good cause, you'll be fine.

Let It Be Known.

Have the invitation set. The people that will attend the auction are the people you will expect to bid the give away money without any hesitations. So when inviting people, it is important to talk to them personally and explain what the auction is all about, its goals and mission. Understanding that the proceeds of the auction will go to a good cause will increase the possibility of getting higher bids. Do not forget to print out invitations and auction brochures or catalogues to be given away to the invited people before the bidding starts.

Get A Good Auctioneer.

One secret to a successful fundraising auction is to have a lively auctioneer. He or she may not be a professional or a fast talker; a good auctioneer has to be someone who can stand on the podium and get the crowd going. Because an enthused crowd may buy anything, even the most unlovable object will be sold for a considerable amount. Get it from your group member who has the talent and skill to connect with anyone.

Hosting an action is one of the most effective ways to raise money for a good cause. If you are tasked to prepare for one, use this as a guide to make sure that the auction is a success.

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  Advantages Of Auctions For The Buyers Why is there such hype regarding auctions? What's so good about them and what do people get from them that they don't normally get from other forms of buying?

Half of Americans, according to the study conducted by the National Auctioneers Association, have seen or attended an auction. This means that auctions are fairly popular among Americans and that the majority of people often prefer to trade through auctions, like in EBay and other live auctions rather than in the actual market. Why? Because first, it is one of the most exciting ways to get the best deals (according to the 83% of all the people surveyed), second, great value for items is often offered to the buyers (this according to more than half of the respondents), and third, buyers are satisfied with the prices they pay at the auctions. Apart from these reasons, there are several others including the following:

Speed Of Buying

Most types of auctions are timed so the buyers are pressured to bid their price before the time runs out. This alone gives the excitement for both observers and bidders. Also, buying at an auction offers a fast transaction. Its core rule: give the highest bid and you win the item.

Chance For The Buyer To Establish His Own Price

While items at auction usually have reserve prices, auctions still let the bidders decide the highest and lowest value of the items. Thus, the control for pricing is given to the bidders and the real market value of the merchandise is evaluated.

Getting The Fair Market Value

Fair market value comes from the transactions between a willing buyer and a willing seller. In the structure of auction, it is obvious that people participating in it, the sellers and the buyers, get the fair market value of the property or the item they are buying.

Guaranteed Sale For Both The Buyer And The Seller

Bidders come to auction with the intent of buying an item and sellers go to auctions to make money off their property. Thus, both parties have the assurance that they will have their intentions satisfied. So it is rare, if not impossible, to have cases where any of the two individuals back out from the transaction since an agreement at auction is legally binding.

It Eliminates Tedious Negotiations

Auctions do not need negotiations between buyers and sellers. If the bidder wins the highest bid, he gets the item whether the seller agrees to the price or not.

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  5 Reasons Folks Fail At Auctions Winning something at an auction is not just about toppling all your opponents and emerging as the highest bidder. It's also about bidding wisely and making the most out of every cent you pay. Sadly, not all bidders make correct decisions and fail miserably due to their own negligence. The reasons? Read on.

1. Bidding without planning. Participants without a plan on what to do and how to do things right will likely fail at any auction they go to. The auction process is a bit tricky and confusing so come prepared. Identify the auction goods you want to buy by looking at auction brochures provided before the auction date. Do some research on the items you are interested in. Know their current market value and set your budget. Not only will it set your priorities straight, it also gives you better chances of bringing home the items you really need.

2. Buying an item blindfolded. Not literally, of course. The point is, when you are trying to buy at an auction make sure that you have carefully inspected the particular item you are interested in. Doing this will ensure that you know what you are up to and what to expect in case you win the item. It also allows you to have a set budget.

3. Going to an auction with a vague goal. People go to an auction hoping to bring home something for a bargain. But if you ask some of these people what item they want to buy, they might just say "I have no idea" or "I just bid on everything and hope to win something". When you go to an auction, you should know what you want beforehand. Have a good idea on what's on sale and prepare for it.

4. Wrong perception on how the auction process goes. An auction house can become a battle ground and participants can transform into warriors fighting to win something. But that does not mean you have to fight in any way you can. Bidding is about strategy; knowing how and when to bid is essential. Do not engage in a bidding war if you are not prepared. Remember: even if you win an item, the final price is what matters.

5. Letting emotions take over. Emotions can run pretty high during the sale especially if two or more individuals battle over one item. Do not get carried away with the intensity of the moment or else, planning and strategizing will just become useless.

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  ¶ 6:32 AM 0 comments

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  Business project 5

Send us your project here.  ¶ 1:52 PM 1 comments

  Business project 4

Jeff Fluhr, 32
StubHub
San Francisco
Projected 2006 Sales: More than $200 million
Description: A secure online marketplace for the resale of live event tickets

That’s the Ticket: A void in the market for a reliable, one-stop shop in the secondary ticket market prompted Jeff Fluhr and a former partner to start StubHub in 2000. “We felt there were a lot of problems with the options that were available for fans,” says Fluhr, who wanted to transform secondary ticket sales from back-alley deals into secure transactions. So he pioneered a system that allows sellers to list tickets at www.stubhub.com for a 15 percent transaction fee, and buyers to purchase tickets for a 10 percent transaction fee--guaranteeing the safety of the transaction for both parties. “We provide an escrow-type service,” notes Fluhr.

Safety Dance: Security is the number-one priority for StubHub. The system allows sales only after both buyers’ and sellers’ credit cards are fully vetted, leaving nothing to chance. StubHub also has a direct partnership with FedEx to generate the shipping labels for sellers, so the company can monitor delivery at every step.

Teaming Up: While the core of the business is based on peer-to-peer sales, Fluhr has found it helpful to build partnerships with venues and teams nationwide, including the Detroit Lions and the Green Bay Packers. Such alliances help market StubHub’s services to season-ticket holders who might want to unload a few tickets during the season.

Fan Focus: Constantly improving StubHub’s customer service is key for Fluhr, who is also a fan of the music, theater, comedy and sporting events that are his company’s bread and butter. In fact, a phenomenal Rolling Stones concert at Madison Square Garden was one of his most memorable “product testing” outings. And Fluhr’s not just trying to win fans on the spectator side of the stage--while starting his business, he recalls working to convince “old-school businesspeople in the music industry that the secondary market is a huge opportunity for them, not a threat.” Fluhr admits it’s an ongoing challenge for StubHub.

Follow His Lead: Give your customers peace of mind while providing a valuable service in a specialized niche  ¶ 8:10 AM 0 comments

  Business project 3

Thomas Gorny, 30
iPower
Phoenix
Projected 2006 Sales: More than $40 million
Description: Web hosting and services

Across Countries: Thomas Gorny spent the first 14 years of his life in Poland. A move to Germany found him attending a prestigious business college and running his own PC hardware business. Then, two months before graduation, he dropped out and sold his business for very little money to seize an opportunity to immigrate to America. The risk paid off not once, but twice.

First Time Around: Gorny joined one of the very first web hosting companies in 1996 and earned 20 percent ownership. The company was sold in 1998, and when Gorny left in 1999, he was in the money. “I never thought I’d go back to web hosting,” he says. So he jumped into marketing and real estate, but when the bubble burst in 2001, his stocks dropped and his real estate projects suffered. “I just got involved with the wrong people in business,” says Gorny, who lost everything.

Second Time Around: “Being on an investor visa, I couldn’t even go to work for somebody because I didn’t have a work permit,” Gorny says. After re-examining the hosting market, he realized there was room for a company offering web hosting and site building for nontechnical users. Armed with his American Express card, Gorny willed iPower into existence in late 2001. “I said to myself, ‘If we can acquire 10 customers a day, I’m going to be in heaven.’” The company garnered 60,000 customers in its first year. Now with more than 500,000, iPower recently moved its headquarters from Santa Monica, California, to Phoenix.

No Exit: “One thing I said at the beginning is that I do not have an exit strategy, and I’m holding to [that]. That is a powerful thing,” says Gorny. His business is now the world’s fourth-largest website hosting company, thanks in part to Gorny’s vision of offering feature-rich but also easy-to-use hosting packages. Phoenix may be a long way from Poland, but Gorny has definitely found a place to call his own.

Follow His Lead: Turn adversity into opportunity by revisiting your business strengths and taking cues from your past successes.  ¶ 8:10 AM 0 comments

  Business project 2

Predrag Djokic, 35; George Lipordezis, 28; & Leon Yohai, 32
QMobile
Reston, Virginia
Projected 2006 Sales: More than $24 million
Description: Mobile phone content provider

Bigger Than the Wheel: Working in the family’s optometry business in his home country of Greece, Leon Yohai felt his future was going nowhere. That is, until the internet came along—and suddenly, Yohai knew where to look. “It was the biggest discovery, even bigger than the wheel,” Yohai laughs. He taught himself how to write computer code and, in 1999, started his own business, InternetQ. The company started out building websites but eventually switched to the telecom industry. By 2003, InternetQ had become the largest mobile content pro-vider in Greece.

Coming to America: That same year, Yohai sold InternetQ and decided he should introduce the technology overseas. Living and working out of a friend’s home in Virginia, Yohai started Qmobile with two friends from Greece, Predrag Djokic and George Lipordezis, who were also former InternetQ employees. Together, the trio secured $6 million in venture funding and was able to negotiate a deal with their first client, T-Mobile. “We were lucky enough that our billing platform was made by the same manufacturer as their billing platform, so it was easy to connect,” Yohai says. By 2004, the company had moved into a proper office in Reston, Virginia, and has since grown to 25 employees.

The Next Big Thing: With all the capabilities mobile phones have today, wireless content may not seem that original, but Qmobile was one of the first to introduce the possibilities of SMS text messaging technology to the U.S. Qmobile, the parent company of Qtones.com, provides content such as games and ringtones to customers from all major carriers, including Sprint and Verizon. Customers order content via SMS text messaging or online and are billed through their phone service.

A Different World: Yohai says the differences in business practices between Europe and America are startling. “To create a company from scratch in Greece, you need to wait a good three months from the day you file papers, and it costs you a bunch of money,” Yohai says. “Here, you can start the company the same day, and you pay a tenth of what you pay [in Greece].”
Follow Their Lead: Follow your passion wherever it takes you—even if that means relocating with good friends by your side for support.  ¶ 8:09 AM 0 comments

  Business project 1

Andrea Lake, 32
Stickerjunkie.com & Delinquent Distribution
Santa Fe, New Mexico
Projected 2006 Sales: $5 million
Description: T-shirt and sticker manufacturer and online retailer

You’re Fired: At one time in her life, Andrea Lake tossed fiery sticks through the air at concerts to help her pay rent. Now she makes her living running several different businesses, but the balancing act is just as impressive. Delinquent Distribution, which she started in 1999, sells T-shirts and stickers printed with hip phrases in bulk to large retailers. StickerJunkie.com, started in early 2001, lets customers order small batches of stickers and T-shirts printed with any phrase they want. Between the two intentionally different business models, Lake covers all the bases and can ride through business upturns and downturns in style. StickerJunkie.com alone is on track to sell more than 3 million stickers this year.

A New Attitude: You’ve got to have a bit of your own ’tude to think of selling shirts that say “I’m not a stalker, I’m just persistent” and “I used to have superhuman powers, but my therapists took them away.” Lake hearkens back to her teenage years to explain her company’s hip edginess. “I was your typical suburban girl [who] was mad at the world for no good reason,” she says. Now in her early 30s, she’s happily settled in Santa Fe, New Mexico. It’s not the first town you’d think of as a hub of industry. “For my own personal quality of life, I wanted someplace cool and laid back but also very creative.”

As Seen on TV: You might recognize Lake from her appearance on Donald Trump’s The Apprentice earlier this year. She didn’t win, but that doesn’t bother her in the least. Says Lake, “It was the most fabulous experience for me in that I realized how lucky I am to be doing exactly what I’m doing.”

Taking on the World: These days, Lake is hoping to get funding for her companies, including a new venture called Luxury Wedding Packages. With so much entrepreneurship going on, the best way to keep up with her is through www.andrealake.com. “One day, Andrea Lake Enterprises will dominate the world!” she says, perhaps only half-jokingly.

Follow Her Lead: Young entrepreneurs can let their businesses mature along with them without losing their youthful energy and creativity.

Nina Vaca, 35
Pinnacle Technical Resources
Dallas
Projected 2006 Sales: $60 million
Description: IT consulting and IT staff augmentation

Family Matters: Family is serious business for Nina Vaca. The list of key employees at her IT consulting company reads like a genealogy. Freddy Vaca, senior vice president of professional services, is her brother. Vice president of human resources Jessica Narvaez is her sister. And president Jim Humrichouse is her husband. Says Vaca, “I absolutely love it. We’re cut from the same cloth, and we all have the same work ethic. I’m just really lucky to have such a talented family.”

Born to Run a Business: Entrepreneurship runs in Vaca’s family. Her parents emigrated from Ecuador, and she grew up working in her father’s chain of Los Angeles-area travel agencies. “I quickly understood that my parents made their future and didn’t just collect a paycheck,” she says.

Boom to Bust: Pinnacle had its beginning in 1996 when staffing firms were booming; it soon specialized in system administration. The dotcom bust of 2001 came down on Vaca’s business like a ton of hard drives. She found herself facing a hollowed-out business with a handful of employees and uncertain prospects for the future.

Bust to Boom: Failure is not an option in the Vaca family. “I used it as an opportunity,” Vaca says. “I aligned myself with my family, leveraged their talents and we came together.” She followed the market, diversified Pinnacle’s portfolio and rebuilt its customer base with Fortune 500 clients. Pinnacle now employs 700 people across 30 states. “I see no reason why we can’t get in the billions in terms of revenue,” says Vaca. That’s some recovery.

All in the Family: The future of Pinnacle is about more than revenue, employee growth, new contracts and new market areas. It’s about a sense of dedication, civic responsibility and family strength that goes back to Vaca’s parents’ first travel agency in California. “I hope to fulfill a family legacy,” says Vaca. “I hope my daughters are in the business someday, and sons as well.” With her track record, look for Pinnacle to be a source of family pride for generations to come.

Follow Her Lead: The people you surround yourself with in business can be your greatest source of strength.

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  Young Millionaire

If you were like most teenagers, it was all you could do to survive the trials and tribulations of junior high and co-existing with the opposite sex. But Jennifer Kushell had more than boys and school on her mind back then. At 13, she started her first small business-creating and selling hand-painted T-shirts. By the time she was 19, she'd started three other businesses and had just launched the Young Entrepreneurs Network, the first online network for young people trying to start their own companies. Now 30, Kushell is the author of Secrets of the Young & Successful: How to get everything you want without waiting a lifetime. Drawing on both her personal experience and the experiences of the hundreds of young entrepreneurs she's met in the past 10 years, Kushell offers some words of wisdom to help you get off your duff and get your business started now!

Entrepreneur: Why did you decide to write this book?
Jennifer Kushell: Three years ago, my husband, Scott, and I were sitting on the beach in Belize [and] we came up with the idea for this new company called the Young and Successful Media Corp. This company does what we call "educaiment," a cross between education and entertainment, and the point is to take all the intellectual property we've been developing over a decade now and create the tools and resources young people need as they go out into the real world, picking up where parents and school leaves off, [and help them] establish themselves not only in their own businesses, but in life in general. This book was the first project.

Entrepreneur: Your book is really interactive and included exercises for readers to work on. Why did you choose to do it in that format?
Kushell: We really wanted to get people to start thinking about what their opportunities are and how far they can go with their lives and really start questioning how much more they can accomplish if they think strategically about it.

Entrepreneur: Although it's not written specifically for entrepreneurs, what do you think the most important lessons are for young entrepreneurs reading this book?
Kushell: I'd say the most important thing in the world is to be able to clearly articulate what you're trying to do, or what you're interested in. You don't have a lot of time to pitch yourself and to pitch your ideas to people out there, and the more clear, concise and sophisticated your answers can be, the more people will pay attention to you.

I think you have to start working very early on to build your own credibility and your respect in the professional workplace or in your industry. The younger you are, the more people question what you know and what you're capable of and if you go in knowing that, you can start to join organizations, you can volunteer, you can maybe even sit on boards. You can start to build up your bio early on and do research; you can hire interns; you can start to establish yourself in your community and your industry and become someone people know and respect. When your knowledge base and your expertise overshadows your age, that's when you're in a position where you can truly do anything and not be limited by how young you are.

Entrepreneur: What other important lessons are there for young entrepreneurs in your book?
Kushell: Young entrepreneurs must understand and be able to clearly articulate both their history and where they're headed. We like to ask the question "What's your story?" because it's very important that young entrepreneurs can effectively communicate their story to others, especially in business. In order to have customers, vendors, potential investors, employees, etc. to buy into your vision, you must know how to communicate what both you and your business are all about.

With "Real World University," we provide a concept of continued learning and sculpting an environment to efficiently and effectively learn what you really need out in the real world. Unfortunately, the education system and parents can't prepare everyone for what they really need to know once they're out on their own-everyone learns differently and has different knowledge bases they need to be successful in life. By identifying the areas you need to become an expert in business or industry and designing "classes" for yourself, an entrepreneur will set up a system to continually obtain new knowledge and wisdom over time. Attend Real World University, and your knowledge base and success will jump right past your competitors who think they know enough. Great entrepreneurs know that learning never stops!

The metaphor of "the house on the hill" is one we created to [help young people learn] about power players. Power players exist in different industries and areas of society. Young entrepreneurs need to learn early who the people are in these influential power circles that directly affect them and how to gain access and build relationships within "the house." It takes just one of these "homeowners" to take a liking to you and want to invite you in to their house to transform your business and opportunities.

Entrepreneur: How did you come up with the "young and successful" character traits you describe throughout the book?
Kushell: From people we knew, people we'd researched, and people we'd read about. From having the Young Entrepreneurs Network, I was dealing with tens of thousands of people who were doing amazing things with their own businesses. And we travel all over the world, we speak to huge audiences all the time, so we've come into contact with thousands of young people.

What we tried to do was figure out the key attributes that separated the people who are going about their lives and are maybe not so happy with everything but don't really know where they're going or how they're going to accomplish what they want-and [determine] what separates them from the people who have what they want-[those] who are totally focused, totally on the right track. That's where we came up with those attributes and said, 'OK, these people have taken control, they've taken ownership, they've said, "It's up to me to make the right decisions to get where I want to go." ' They don't wait for other people to hand them things and they also have a remarkable ability to spin challenges and disadvantages into the most powerful motivators and most powerful advantages, which was a very interesting thing we saw over and over and over.

I'd describe young and successful people like this:

* They display high levels of optimism and confidence.
* They possess vision and passion in their dreams and convictions.
* They ensure that they surround themselves with other like-minded people.
* They're highly resourceful, creative and inventive.
* They seize opportunities and create their own whenever possible.
* They know what motivates them.
* They have a strong sense of personal identity.
* They have spent a substantial amount of time on introspection and self-discovery.
* They refuse to let other people dictate how they should live.
* They take responsibility for their happiness.
* They spin challenges into their greatest motivators-and sometimes biggest advantages.
* Most importantly, they take control and ownership of their lives and careers early on, and never let go.

Entrepreneur: How did you develop TAPPS, the Four Rs and the personal balance sheet?
Kushell: [Scott and I] have always been very introspective and very intuitive, and part of our pact with each other as a married couple and as business partners is that we're constantly analyzing the way each other operates and [trying to] improve ourselves. You can't really do that unless you can be very candid with yourself and other people about what your strengths and weaknesses are.

TAPPS, which stands for Truth, Awareness, Preparations, Prevention and Survival, is an advance planning process that takes people through five simple steps to uncover how they might best approach a major challenge that could threaten to knock them off their path to success. It helps you identify the best possible approach to take to overcome the challenge, prior to the challenge occurring! For entrepreneurs, there's no denying that the path to achieving their dreams will inevitably have some bumps along the way. By applying TAPPS to a few of the top scenarios and mishaps that could potentially have the biggest impact on your life, you can rise to and overcome most challenges with great strength and clarity of mind.

The Four Rs is a tool we created to help people measure the level and kinds of returns they can expect from their investment of Risk, Effort, Sacrifice and Time in their major life decisions. For entrepreneurs, this is a critical tool to use, as it enables them to think clearly and analyze if and why they should plow everything they have into a new idea or business. By determining the returns on each of the 4 Rs, they'll be able to rest comfortably and confidently as they forge forward (or not), knowing that they've carefully thought through all they could in advance and not second guess themselves.

The "personal balance sheet" is similar to the process of a balance sheet used by a company to take a snapshot of their financial health on any given day. It's a terrific self-assessment tool that allows people to take a snapshot of their personal skills and abilities, as well as their current weaknesses and disadvantages, and then put this information to great use.

Many entrepreneurs tend to undervalue or overlook their assets and over exaggerate their liabilities, which can be detrimental to the success of their business. If you can be fair and honest with yourself when putting together your personal balance sheet, you'll develop a keen awareness of both your personal strengths and weaknesses or personal "assets" and "liabilities." This will enable you to better focus on and learn to minimize your liabilities and increase the strength of your assets so they can best be leveraged for success in both your business and personal lives.

Entrepreneur: In the book, you emphasize the importance of having a balanced life, a balanced and strong support structure with your family. Why is that so important to success?
Kushell: I've always said when it comes to entrepreneurs, I think more young people are put out of business by emotional issues than by financial issues. But people are always surprised when I say that. It's not money that puts young people out of business, it's the fact that people don't believe in them, that people are criticizing them or ostracizing them. I think when you're young, you're trying so hard to build a foundation for yourself, to get comfortable in your own skin and build your confidence, and people are always going to be chipping away at that, no matter you are, whether you're the most successful person in the world or you're homeless.

We have to become comfortable with who we are, and the only way I think we're gonna do that is by doing something we call 'sculpting a more perfect environment.' None of us has an absolute perfect environment to live in. Whether we're in school or at work or whatever we do, it's critical that we surround ourselves with people who understand us, who love us, who support us, and then also that we have a strong mentor mix. It's not a matter of finding one or two mentors. You need to have many different mentors, and that's [why we recommend] having a board of advisors.

You don't have to have a business to have a board of advisors, but it's critical that you have people who can support you in all different ways: people who are going to watch out for you and your health, people who are going to watch out for your finances and your money, people who are going to watch out for your education, your relationships, your social life and your lifestyle. There are a lot of different people we each need, and if you're not surrounded by people who motivate you, you're just not gonna go as far as you could.

Jennifer Kushell is the founder and president of The Young Entrepreneurs Network as well as the author of several books on entrepreneurship, including her most recent release, Secrets of the Young & Successful.

How Can You Become a Young Millionaire?

Find out from author and young entrepreneur Jennifer Kushell, who explains how to get everything you want without waiting a lifetime.
By Gisela M. Pedroza  ¶ 4:59 PM 0 comments