Education in Canada

The average earnings of the residents of Ontario are the highest in Canada. Ontario also spends the most money on post-secondary education, has the greatest number of residents of any province with post-secondary education, and the largest work force in education and related fields. Other provinces that lack the educational investment of Ontario have a lower average salary. Several factors affect the average salary, so in order to minimize variation, only Canadian provinces are compared to each- other. As such, three major factors were identified through analyzing statistical information. Therefore, spending on post-secondary education, the number of residents with a diploma or degree and the work force in the field of education directly affect the average yearly earnings of the residents of a Canadian province.

Ontario is the larges province in Canada and also the biggest spender on education. Ontario spends almost as much as Quebec and B.C. combined. However, Ontario is also the most populous province in Canada and as such, the ratio of money spent to residents is not much different than any of the other provinces. In Ontario’s case, the government spends less per capita on education, yet the statistics show that it yields a greater return economically. The number of residents of a province with post-secondary education also affects the average salary because businesses are more likely to locate their corporate offices or production facilities in an area where they can easily secure highly educated employees.

Ontario’s achievements in efficiency and also its ability to produce and maintain the highest number of post-secondary residents out of all of Canada’s provinces is in no small part due to the educational work force, which includes support staff, teachers and professors, administration and other workers too numerous to mention.

Investing in education has shown to improve a province, and in turn a country not only in its cultural wealth but its monetary wealth as well. By having a properly funded system with quality educators as well as creating a tradition of education, the population of a country can obtain higher wages. Introduction:

The average earnings of the residents of Ontario are the highest in Canada. Ontario also spends the most money on post-secondary education, has the greatest number of residents of any province with post-secondary education, and the largest work force in education and related fields. Other provinces that lack the educational investment of Ontario have a lower average salary. Several factors affect the average salary, so in order to minimize variation, only Canadian provinces were compared to each- other. As such, three major factors were identified through analyzing statistical information. Therefore, spending on post-secondary education, the number of residents with a diploma or degree and the work force in the field of education directly affect the average yearly earnings of the residents of a Canadian province.

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3 Necessary Tools For Serious Home Based Business Owners

If you are a serious home based business owner I know the title caught your eye. And it should have because we are always looking for ways to maximize our efforts while cutting down on time. Some of what will be mentioned may seem a little elementary because this is written for those that are getting started in this industry.

I define a tool as an instrument of some sort used to provide more leverage in getting a task done effectively. Hopefully you noticed the keyword of leverage. That’s all a tool gives. It’s not an end all be all, not the holy grail, not a business opportunity, not any of that junk that people make it out to be. A tool just provides more leverage so you can get whatever task done effectively and in a timely manner.

I’m not one of those entrepreneurs that are always preaching “this is so easy everything is on autopilot.” While I do like to put as many things as possible on autopilot some things do require manual labor (in a sense).

Now if you have this understanding in mind then you will be able to appreciate what I will share with you.

Lead Capture Page: This is also known as a landing page or squeeze page. This web page is simply the door to your marketing funnel. It gives just enough info about what your customer is in need of. Its main design is to peak the interest of your customer and have them submit their name, email, and phone number to get more info on the next page. This does a little bit of the selling, telling and explaining for you.

Auto Responder: I am so very thankful for this. Studies show that it usually takes a potential customer 7 times to see a product or info on it before they make a purchase. Auto responders allow you to automatically follow up with potential customers virtually on autopilot. A savvy home based business owner will always have a pre-written set of follow up emails to send out periodically. This allows you to stay in front of your potential customer and educate while at the same time sell them on why they NEED your product or service. This does all the selling, telling, and explaining for you.

Lead Generation System: Before I explain why this is important let me give a disclaimer. I highly recommend using this in conjunction with you actually learning how to market online. That being said a great lead generation system allows you to build your home based business at a faster steadier pace in the beginning stages of you starting out. If it is really good then you can use it throughout. This tools sole purpose is to provide high quality leads for your to converse with about your business. There are several software out there that “scrape” the Internet for contact information (name, email addresses, and phones numbers) and they compile it in a spreadsheet. It is then your responsibility to contact that person.

I know a lot of people that use this type of tool just think they are to sell them on their product or service. Those that have this approach are going about it all wrong. Its always best to see what common ground you can establish with that individual, build a relationship, and then offer based on that person’s needs.

One reason I recommend a lead generation system for beginners in the home based business industry is because it will give them a steady flow of people to talk with, allow them to fail fast so they can get good, and provide a income on the backend that they can use to put back into their business.

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Finding a Legitimate Home Based Business

Finding a legitimate home based business is not all that hard. I know there is a lot of talk and fear of scams on the internet today, but I am afraid it has stopped some people from actually living out their dream.You can find a legitimate home based business! How is it done? Do some research and take your time checking out a business that you are interested in. Putting the time in now will pay off for years to come.Here are some things to look at.1. Make sure you thoroughly understand how you will earn money by becoming involved in the opportunity and make sure it seems doable.
2. Do some research as to whether the company is selling a product that people want and need, and are willing to pay money for.
3. Check out the company with the Better Business Bureau. Make sure there are not unresolved complaints against them. If there are, there will a report that states that.
4. Do a Google search on the company + complaints or company + scam. Read through all the comments to see what the overall impression and experience has been with the company.
5. Make sure there is contact information on the website – a phone number and email address. Use them! Write or call and ask some questions. Observe the timeliness of their response and their attitude.A legitimate home based business will pass all of the above tests. Yes, it will take some time, but better to find out before getting involved (and spending money) that the company does not have a good reputation. You will be representing them, so you want to choose one that is in good standing.You can also start your own business from scratch (not joining an existing company.) For example, you can offer your services as a transcriptionist, proofreader, bookkeeper, web designer, etc. Or, if you create products, you can sell them. Things like wood products, jewelry, and crafts are things people are always buying. The learning curve will be greater if you are starting out on your own, but the rewards cannot be compared. You will be the boss and be able to offer something that is “yours alone.”A legitimate home based business can bring you years of profit and enjoyment. Don’t be put off by the thought of being scammed. Do your research, go in with your eyes open, and enjoy yourself!

Home Based Businesses – Are They Real?

The title of this short article asks the question: Home Based Businesses, are they real? Well, a bit of a silly question you may think. Of course they’re real. But, with one caveat…if they work for you! What I mean by that is, there are an abundance of Home Based Businesses out there, some better than others, but the one critical criteria will always remain, will it work for me?Let’s take a step back before we move forward. Most of us are in the ‘Rat Race,’ right? We are destined to work for approximately 40 hours per week, for about 40 years of our lives and then retire on approximately 40% of what we used to earn if we are very fortunate. In reality, most of us will stumble through painful periods of our work life and almost certainly never attain that magic 40% income in retirement. So, the upshot is we work with someone else pulling our strings, dictating our time off, the holidays we take, the car we drive and ultimately the amount of money we can have when we retire. Remember, this is a version of a good scenario; it’s still a very real version of ‘The Rat Race.’Now, back to Home Based Businesses, are they real?Well, that is subjective. How much do you want to get away from ‘The Rat Race’ and how much are you willing to put up with it like the majority of your neighbours? Right there is the determining factor. That question on its own will separate the wheat from the chaff, the boys from the men, so to speak.You see, of course there are some scams out there in the big wide world of Home Based Businesses or Online Businesses BUT, almost without exception, for the real opportunities that are available to virtually everyone; it’s your level of desire, your ‘want,’ your determination, that will ultimately decide whether or not a Home Based Business is real.Do you get it? I mean it, do you really get it? Without wishing to labour the point, if anyone goes at ANY business half-heartedly, they will, without exception, fail. There is no grey area here, commit or don’t even bother getting started, is my strongest advice.The problem with Home Based Business you see is that most of us are actually conditioned to be satisfied, almost to the point of believing we are utterly secure, with ‘The Rat Race’ and today more than ever, nothing could be further from the truth, what an economic mess the world is in! Whilst we have this ‘warm feeling’ that ‘The Rat Race’ gives us, then almost any Home Based Business that an individual may start or get involved in will simply not work and therefore will be labelled as ‘not real.’They are of course very real in most cases, but until an individual takes a massive, and I mean massive, attitude adjustment and realise that Home Based Businesses won’t work whilst you’re still holding tightly onto the promise of a pitiful pension from ‘The Rat Race,’ then the internet and the TV watchdog programmes will be littered with reports that Home Based Businesses aren’t real or are some kind of scam. They’re wrong.

Learn How You Can Start Your Own Home Based Business

If you are not personally effected by the current economic crisis, you are sure to know someone who is. In every town and on every street there are people currently struggling. You can learn how you can start your own home based business, right on the internet! If you search you can find the perfect online home based business opportunity, for you.There are many reasons why starting an online home based business is the solution to the current economic situation, here will will concentrate on some of the primary ones.

Good Business Practices: When you own your own home based business, you are in control of how it is conducted. There is no CEO pirating all the company income for their outrageous salaries, and golden parachutes. And there are no under the table or shady deals that you are unaware of.

Limited Start Up Expenses: Most home based businesses can be started on a limited budget, with a limited amount of time available to devote to it, and a limited amount of knowledge about it. In many home based business you can learn how to run your business as you work to develop it.

No Discrimination: When you have your own business, you will never be told your salary has been maxed out, or that there are no higher positions you can attain. If you are a minority (race, female, or elderly) it is never an issue when you work for yourself.

Greater Productivity: People are more productive when they work for themselves, and their income is directly proportional to the work they accomplish.

Corporate Security Myth: The days when working for a corporation ensured that you would have a decent retirement, adequate health care, or even steady work are long gone, if that ever really existed. Loyalty to and dependence on a corporation gets you nothing in return.
Today more than ever people are finding out that they have only themselves to rely on. They are discovering that the solution to their personal economic situation as well as the global economy are far more secure in the control of someone with a commitment to the growth of the business. Who has more commitment than the owner? No one! You should really seriously consider if an online home business solution, is what you have been searching for. Becoming a online home business owner can be very rewarding for the person who is serious about securing their future.

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Empowered Women: Entrepreneurs and Business Owners – Is A Home-Based Business Right For You?

As many women already know, there is nothing more empowering than having control over your own finances and future. Women are making great strides in today’s world, and many empowered women today are entrepreneurs and business owners. In fact, the statistics on women in business and women who own businesses just keep getting better. If you Google “empowered women” you can find a wide variety of topics, from successful career women, to women’s self-help sites, to women’s blogs, to home-based business opportunities, to stay-at-home moms who made it big with a product or idea that really paid off.The idea of women in business is not new. Women are the original mothers of inventions. If they need it and can’t find it, they invent it, market it, and sell it. Women juggle families and careers and still manage to donate, volunteer and support others. Some women are choosing to keep their traditional jobs and careers, while others have made the leap into entrepreneurship and have started their own home-based businesses.According to figures published by the DSA, Independent Research and Bureau of Labor Statistics:53 percent of all businesses in the US are home-based.
The home-based market has grown over 15 percent each year since 1995.
There are over 14 million home-based businesses in the US.
These home-based businesses generate over $1 trillion annually.
Direct selling accounts for a huge percentage of home-based businesses with sales of $30 Billion in the US and $100 billion worldwide.
Direct selling has added 175,000 people each week in the US and 300,000 worldwide.Did you know that the profile for a home-based business owner is predominately female, 35-54 years of age, who is married and most likely to be college educated? These women typically work on their businesses part-time. The majority of these women are involved in direct sales with companies that successfully empower women such as Avon, Cookie Lee, Creative Memories, Pampered Chef, Shelf Reliance/Thrive Foods, Jewels by Park Lane, Etc.Empowered women entrepreneurs and business women are quickly gaining the edge in the competitive world of marketing. Companies are changing how they design, produce and market products in order to appeal to these niche businesses and the women who own them.Because technology has made such great strides in the past decade, working from home is no longer something you have to dream about doing. Working from home is now a viable career option and a very realistic means to financial success.To decide if a home-based business is right for you, ask yourself where your talents or passions lay.Do you have an idea or an invention that you would like to market and distribute?Do you want to work on your business full-time or part-time?Are you interested in direct sales?Do you interact well with people?It is always best to set a realistic goal for yourself, thoroughly research any ideas you might have, and create a business plan for yourself. If you decide to go into direct sales, be sure that you understand how much time, effort and money you will need to invest before you start making money. Be certain that you understand the compensation plan of the company you are thinking of partnering with. Know if you will be required to recruit mass numbers of people to create “teams” in order to be successful. Research the company and check the complaint boards to make sure you are not joining a company with mostly negative reviews.If you feel that being in control of your own financial success will empower you and you are an entrepreneur, then a home-based business may be right for you!

Small Business Failures: 6 Pitfalls to Avoid

Everyone wants to share the upside of small business and entrepreneurship. It’s easy to find helpful hints and inspiring success stories, but what about the dark side – the real insight into entrepreneurship, the mistakes! Small business failures occur every day – actually about 50% of them fail.1) Venturing Out AloneSo often I find that business owners want to start and remain as a one-man show. Some entrepreneurs trust only themselves, a partner, or a spouse when facing key decisions. However, it is vital to avoid small business failures to have a team supporting you. They should include, an attorney, a CPA and a financial advisor/banker. This team of advisors should be dedicated to helping you succeed and communicating with each other to accomplish this goal.2) Wearing All the Hats”A jack of all trades, is seldom the master of one.” One sure way to quickly hit the “small business failures list” try to do EVERYTHING yourself. Cash-strapped startups often begin this way because it is well it, cheaper. However, as your business grows, it’s essential to get help. Responsibilities such as bookkeeping, taxes and payroll take up time you could spend serving your customers. Even more importantly, getting them wrong can be dangerous. Hiring a professional not only helps prevent errors, but shifts much of the risk to someone else.3) Keeping Your Head DownBusiness owners also need to make time to seek wisdom in the wider world. For example, some business owners may not be aware that there’s a fairly simple way to get their website ranked higher on Internet searches.If you are seeking wisdom every day this is the kind of useful information you will find. Research and planning for the future can’t seem like secondary concerns, especially when you’re not sure where to go for information.Numerous small business failures occur because business owners aren’t willing to take advice. Whether your quest for knowledge includes online research, trade shows, Chamber meetings, or networking with peers, it’s out on ways to improve your business, such as funding opportunities for small businesses or educational resources to help you tackle tomorrow’s challenges.4) Running Lean on CashKeep at least three months of cash flow on reserve to be ready for season fluctuations of the inevitable dry spell. It is often difficult to do so, especially if you developed frugal habits when you just were getting started. Use automatic drafts to ensure your commitment to saving monthly. Think of it as a sort of insurance policy.5) Avoiding Credit ApplicationsThis small business failures tip is closely related to Step #4. Minimizing your debt mat be a good goal for your personal life, but most businesses will require some level of borrowing capacity at some point. You have a fresh credit profile with your business, use it! In many cases, if you wait until you actually need credit it can be harder to get.6) Combining AccountsNot separating business and personal accounts may be one of the most common small business failures of all. Like any other situation, when it comes to banking, keep your business & personal life SEPARATE! If you are mixing funds, it is hard to keep track of your business cash flow. Building a credit history in the business’ name, which can make it easier to secure financing.Do any of these sound familiar? To avoid small business failures take a long look at the way you work and follow practices that will keep you moving forward.Remember, You Can Avoid Small Business FailuresI’m headed for the top, I know you’re coming with me!

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7 Questions To Answer Before You Fail In Your Home Based Business

There are tons of home based business ideas you can adopt, and choosing the right one may not be easy, however, knowing what to look for in a home based business will definitely make things much simpler.

The following is a set of 7 questions which you should be asking yourself to determine the type of home based business you truly desire and worth putting your focus and effort in.

1. How much startup capital am I willing to invest in my home based business?

Budgeting is very important, and you should always set aside an amount of cash flow for emergencies.

When determining the investment, it should be an amount you are comfortable with to start your home based business. It does not necessary mean that you have to invest the full amount, but rather as gauge to filter out high costing home based business ideas.

Since you will be working from home, you need not pay the high cost of rental for office space and depending on the business you are in, possibly no management of employees and salary required. Most of your investment will most likely go into purchase of raw materials, services and marketing.

There are other on-going variable costs you need keep track such as bills, purchase of raw materials and etc. And you should be splitting your household expenses and that for work related for tax purposes.

2. What is the Risk level of the home based business I’m comfortable with?

Home based businesses vary in risk levels, and you should determine the amount of risk you’re willing to take. Risk can be due to return on investment, product fulfillment, natural disaster and more…

Higher risk business not necessary will always give you a better return. There are home based businesses that are low cost and risk level but still make you tons of money.

3. Do I want to deal with physical or digital products?

Product fulfillment is very important in a business. It determines the customers’ trust on your home based business and how much you can be making. You have to be prepared for cases where the product failed to deliver, product damaged during delivery and refund request.

Thus, you have to decide whether you want to deal with physical products that needs to be delivered, or digital products that can be downloaded from the website directly after payment.

4. Do I want to target global or local customers?

Depending on the type of product or services you are providing, you can be targeting either local or global customers. Of course, this will also depend on how you handle payment and product fulfillment. Should you be leveraging on the Internet to target global customers, you need a website that accepts credit card payments. On top of that, you must be ready to handle larger orders.

5. Do I have the knowledge or experiences in this industry?

You need not be an expert, but at least some knowledge is preferred before you jump into an industry. Always do your research to find what is in demand before you waste all your money, time and effort.

Keep a lookout for partners or mentors who are more experience, whom you can leverage on to guide and assist you towards your success in your home based business.

6. How much time am I willing to spend on this home based business?

Time management is important, especially when you are your own boss. There are home based businesses that require a lot of your time, and those that requires lesser time but giving same result.

If having more time freedom is one of the reasons you want to start your home based business, then you should be looking at home based businesses where you can outsource most of the work and put it into automation.

7. Do I want to get paid once or many times per sale?

If you are dealing with membership or subscription types of businesses, then you would have a ready customer base that will purchase from you regularly from your one time marketing effort.

Alternatively, you could also be in a home based business that you market frequently and make money on every sale made.

Small Business Websites – Why A Small Business Website Does Not Produce Results

When a small business decides to take their business online there are usually several mistakes that they do. This is partially due to lack of experience and often lack of knowledge. There seems to be a trend that small businesses think of their website as an online business card instead of a marketing tool. That is where the majority of them go wrong. So let’s take a look at some of the most common mistakes done when a small business takes their business online.

1. Order of links

So many times you visit a small business website and they proudly flag the “about us” link as their first link. This is called the pride link because they often think that telling people about the company is the most important thing. The links should be in order of importance. Not in the order of the business owners EGO! If you use a website designer and he does consult you on the order of links, chances are you should be using someone else or at least make sure you educate yourself about online marketing because your website designer sure hasn’t!

2. No focus

Most small business websites lack focus. When you enter you are not sure where to go next which makes it hard for the user to understand exactly what he is supposed to do. The website should flow and the user should be able to make sense of the site within a few seconds of opening it up.

3. No sale / No lead setup

Many small businesses do not use their website to increase sales directly or capture leads. It is nothing more than an online brochure or business card. Sometimes the information is more confusing than it is helpful. If you competitors site is easier to navigate and captures either the sale or lead, you just lost a client. A small business websites needs to be even more on top of catching leads than a corporate website because every client lost counts more!

4. No analytics

Most small business websites have no clue what people do when they enter their site. No clue what users are really looking at and where they are losing their potential sale or lead. If customers just walked in and out of their place of work eyebrows would be raised and something would be done. Shouldn’t the same thought process apply to the site? You need to know what is going on with your small business website and what users are doing.

5. No marketing purpose

This is the biggest “Whammy” of them all. Small business websites tend to fail seeing the potential of using the website as a complete marketing tool. The fundamental reason to take a business online would be to do marketing. The lack of marketing vision explains the mistakes from above. If just this single piece was in place when a small business builds their website, many of the other things would be solved because they would educate themselves about what it means to have a marketing tool!

6. No results!

This is no surprise considering everything above. If there is no purpose, no focus, no vision and no marketing thought behind the site then there are probably no results from the site either. What is even worse is that most small business websites do not even measure results or understand how to measure results from their site. Once again it is a lack of understanding more than anything!

So what can a small business do when they are ready to take their business online and setup their small business website? The most important thing is to educate themselves in a few areas. The most important ones being, what you need to consider before building or having someone build your website. How to use the website as a marketing tool and it would be extremely beneficial to you if you at least had some understanding of what SEO is and how it works. What is the difference between a website designer, website developer and an online marketing company? All of them do different things and have a different understanding of how to use the internet; the question is what purpose is your website supposed to serve? For most it should be a marketing tool, because the internet is the most effective marketing tool available!

If you own, operate, manage or you are starting up a small business then we suggest that you take a look at the 10make90: Get your website up right. (Can be found on www.10thatmake90.com [http://www.10thatmake90.com]). It is a great resource for small businesses looking to build a website and take the step online. You can find all the basic information you need to know before taking that step and taking your business online. Make sure that you are utilizing the power of the internet fully as a small business. The rate of businesses that fail is high enough; at least make sure your business is getting all the leads and sales that it can be getting. Don’t make the same mistakes that others are doing, it takes so little effort for you as a small business owner to avoid those common mistakes!

The Finer Points of Internet Auctions

WHAT IS A PENNY AUCTION?

Penny auctions have exploded in popularity with the massive growth of the internet. However, few people know the true origins of penny auctions.Beginnings actually stretch back to the Great Depression. Those were hard times for everyone, but even harder for farmers. Farmers struggled to bring in steady income because of droughts and crops not selling as well as they had previously. As a result, the banks would foreclose on the farmers who couldn’t keep up with their mortgage payments.

The banks weren’t satisfied with just repossessing the house, they wanted to raise as much capital as possible, so they resorted to selling off the possessions of the owners of the repossessed houses. There was not much the farmers could do about it so they began bidding ridiculously low prices, pennies, on the items while threatening others who dared to bid higher than a few pennies.

The auctions of today hardly resemble their tremulous beginnings. Being part of a penny auction today is exhilarating, fun, and addictive. It combines the selling format of auctioning with a little bit of chance factored in.Auctions are a game of strategy but also a game of luck.

The premise behind penny auctions is giving people the chance to win an item at a drastically reduced price.Auctions make that possible by spreading out the cost of the product among multiple bidders. In order for a person to take part in an auction, they must pay a set price for each bid. For example, if a person wanted to bid on a fifty dollar Amazon gift card then he would spend a dollar for each time a bid placed. If he ended up winning the gift card, then he would only have spent a few dollars for a fifty dollar gift card. Usually penny auctions sell bids in packages.

HOW PENNY AUCTIONS WORK!

The main foundation of penny auctions is the pay-per-bid format. It is the key that allows bidders to win items at the fraction of their retail value and allows the auction owners to keep their site profitable. Most y auction sites run on the same premise: people pay a set amount for each bid, whenever a person places a bid within the closing seconds of the auction time will be added, the last person left with a unique bid after the clocks runs out will win the item. There are a large variety of items that can be won, but they tend to be popular electronics or gift cards to popular stores.

There are two types of auctions: lowest unique bid auction and highest unique bid auction. Lowest unique auction sounds confusing but it is actually quite simple. A unique bid is when only one person has a bid at a certain price. Bids usually start at one penny, a bidder can then place a bid at two pennies. Until another bidder places a higher bid, the most recent bidder will be the lowest unique bid because that was the only bid at two cents and nobody bid higher. However, penny auctions generally don’t stop at one penny. It is not uncommon to find auctions that end up at a couple hundred dollars based on the popularity of the item being auctioned. However, the same principles apply for those auctions. Highest unique bid auctions follow the more traditional auction format such as eBay. The person with the highest bid at the end of the auction wins the item.

Auction site owners turn a profit by selling bids. Say twenty people are bidding on a ten dollar gift card at one dollar per bid, at the end of the auction if there were twenty bids placed in total then the site owner would have made twenty dollars with a ten dollar profit.Auctions do seem like a win-win situation:The site owner makes money while the bidder gets an item for dirt cheap. However, not everyone wins in penny auctions. The people who paid one dollar each bid but left with nothing to show for their investments will not be so happy.

HOW TO WIN!

Penny auction has a lot of chance mixed into it, but one can incorporate strategy that will help raise the chances of winning. Playing smart can make all the difference between gambling and auctioning.

The first crucial tip to winning penny auctions is to know how to manage your bids. Your goal should be to win as much as possible without spending a ton of money buying bids. Managing your bids means that you should already know how much you are willing to risk in order to win an item. The amount of capital you are willing to risk will determine how many bids you can use. Once you know how many bids you have to spend on an item, then you will be better able to manage how and when you place a bid. That will keep you from blowing away all of your bids in the first few seconds of the auction.

The next tip is to practice time management. When fighting in the trenches of penny auctions, you have two enemies: other bidders and time. Knowing when to bid is a must if you want to have success. Placing a bid when there is a lot of time left on the clock is never a good idea. You have to remember that the key to winning a penny auction is being the last one standing when the clock runs out and that each bid increases the amount of time left. It would be a good practice to wait until the last few minutes of the auction before you begin to bid.

The final tip for successful auctioning is to keep your emotions under control.Auctions have a lot of similarities to gambling, and just like gambling, your spending can get out of control. If you keep your emotions level, it will keep you from making rash decisions and blowing loads of cash. Keep your mind clear so that you can gage the behavior of the other bidders and outsmart them.

HOW TO AVOID SCAM SITES!

Penny auctions are a great addition to the web whether you want to win an item that otherwise you wouldn’t be able to afford or if you simply enjoy the thrill that comes with bidding in auctions. Unfortunately, scam sites have tarnished the reputation of the legitimate penny auction sites. However, there are ways that you can protect yourself from scamers and enjoy your auctioning without having to worry about losing your money due to dishonesty.

Checking the reputation of the auction site before you start spending your hard earned money is always a good idea. Chances are other people have tried the site before you and some of them have left reviews. The reviews are your way to gage whether a auction site is trustworthy or not. If a site is getting overwhelmingly negative reviews, then that is a clear indication that you should steer your business elsewhere.

Another tool you can use to protect yourself is checking the Alexia ranks of the auction sites. Alexia rank will give a solid view of how much traffic the auction is getting. If you see a huge difference in the amount of traffic Alexia is projecting and the amount of active bidders on the site, then warning signals should be ringing in your head. Some auction sites have been known to set up robots that automatically bid on projects in order to keep the auction going and inflate the price. That is known as shill bidding. You can sniff out those sites by comparing the traffic the site should be getting to the amount of users using this site.

CONCLUSION!

New legislation may come out later down the road that will officially make penny auctions gambling, but until then, it is a fun, exciting auction that allows one to win the item they’ve always wanted but couldn’t afford.Auctions are also quite lucrative for the site owners because of the pay-per-bid strategy they’ve incorporated. Penny auctions had humble beginnings with farmers who just wanted to get back at the banks who kicked them out of their house. More recently, auctions have enjoyed an explosion in popularity with the rise of the internet.

There are two main formats fora auctions, lowest and highest unique auction, however they both run on the same premise where the last unique bid wins the item. Winning a penny auction will require a certain amount of mental tactic and a bit of luck. However, you can increase your odds of winning by practicing certain techniques such as managing your bids wisely, learning how to work with the time, and keeping a level head and your emotions under control. When you combine those three strategies to your bidding plan, you will find that you win a lot more often.

It is important that you do your due diligence to protect yourself when participating in auctions. Not every auction is run by honest and trustworthy people. There are people out there who just want to take your money. You can protect yourself by ensuring that you only bid on sites that already have a very positive reputation from real users.

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