How Could New Ideas Change Education?

Chris Brogan recently asked a brilliant question. Actually, he asked 5 brilliant questions:

+ How could new ideas change education?
+ How can younger generations learn from the body of work of their successors?
+ How can we marry up all the great resources of people who know something great to those of us who could stand to learn more?
+ How can I help those of us who lived in the cubicle farms, and what can I do to share that information in a way that will empower others?
+ How can we equip our youth and/or our students and/or our business professionals?

Each of these questions dances around a singular issue: Today’s learning models are inadequate. This message is similar to one Charlie O’Donnell has been spreading: “Structures for industry specific learning, particularly when it comes from learning from the accumulated wisdom of successful and experienced professionals, is horribly inefficient.” So, we’ve got two really smart guys highlighting the exact same issue. Could this spell business opportunity? Methinks so…

Note: What you are about to read is a radically different idea. This idea serves as the backbone for my company, a provider of real world education services.

You see, a new model for education is quietly emerging. One fully endorsed – and championed – by my company. This new model definitively solves Chris Brogan’s riddles and answers Charlie O’Donnell’s call by establishing an efficient structure for industry specific learning.

A new idea that will change education

Before unveiling this new education model, we must first review its foundational principles. If these assumptions were to prove false, then the model would fall apart:

+ Individual, customized learning is better than a generic, one size fits all approach.
+ Adults learn best when they are involved in the diagnosing, planning, implementing, and evaluating of their own learning.
+ Life’s reservoir of “experience” is a primary learning resource; the life experiences of others enrich the learning process.
+ Distributed learning (learning which occurs over time) is a more efficient learning method than massed learning because it allows for absorption and understanding (note: massed learning is also known as cramming).
+ If provided the right tools, anyone can be an educator.

Note: This is the most critical principle of this new education model. The current model has built invisible barriers of entry around the teaching profession – barriers like certification and credential requirements. This new model assumes no barriers to becoming an educator. This assumption is borne from Malcolm Gladwell’s mismatch hypothesis. He explains:

There is no difference between the performance of credentialed teachers and non-credentialed teachers when it comes to increasing student performance. Whether you have a Master’s Degree or not, whether you scored 1400 on your SAT or 1200 on your SAT, it makes absolutely no difference in how you perform at the task of relating to and teaching kids.

In the name of trying to make a better decision, we’re spending all this money and spending all this time and none of it is having any effect. In fact, we are doing the very thing that actually defeats the cause of finding better teachers. We’re narrowing – what we should be doing is broadening the pool as much as possible – to find as many of these people with this ineffable, elusive gift called “being a good teacher” but instead what we do is narrow the pool.

Founded on the above tenants, the centerpiece for this new education model is the idea of mentorship. Not traditional Boys & Girls Club mentorship, but a radically new kind of mentorship. One that requires accountability, elicits insightful knowledge sharing and helps build deep relationships. This new education model re-envisions mentorship and calls for real world professionals to become the new class of educators.

How does this model work?

This new model is brilliant in its simplicity. Professionals are given a curriculum – one that facilitates real conversation and real-world knowledge transfer. Students are matched to a professional in their chosen career field (each professional is screened on multiple levels). The pair meets (either in person or via phone) and builds a relationship around the given curriculum. Each side records his / her thoughts following every meeting, and reports relationship progress intermittently. In the event of negative feedback, Mentors are replaced, ensuring only the best “teachers” remain.

Now, for this model to work, an incentive structure must exist. Why? To ensure engagement from both the student and the professional. In this model, students pay the curriculum provider and the curriculum provider pays its Mentors (Professionals) for their time. Over time, the curriculum provider becomes much smarter about each professional on its platform. And it tests and molds its curriculum based on community feedback. As time passes, the system gets better!

What is required to make this model successful? For this model to be successful, three things are required:

+ A renowned curriculum that guides each relationship.
+ Students that understand the importance of professional relationships in the context of their career (and are willing to pay for these relationships).
+ Industry professionals that are willing to offer insight and perspective in exchange for monetary compensation.

Why will this model work so well?

This model recognizes the biggest flaw of our current resource constrained model: the number of educators for each student (the student:teacher ratio is one of the keys to delivering quality education). This new education model leverages industry professionals as its force multiplier to dramatically increase the effectiveness and delivery of education. This market-based approach is unlike anything that exists today. Will this new model work? It already does.

P.S. Thoughts? Please join the conversation!

Should I Start a New Home Based Business in a Bad Economy?

Making any sort of career change is scary, but when the economy is in bad shape, it can be terrifying. How can you be sure that you will be successful when so many people are out of work? The truth is that you can’t, but this is true anytime you start a business. However, starting a new home based business doesn’t carry anywhere near the risk that opening a traditional business does. In addition, when your home based business is Internet based, you will have few expenses, yet the potential is still great for success.

Even in a bad economy, people have needs. Your job is to find a need and fill it. While this is true anytime you start a business, it is even more crucial when the economy is in such bad shape. Luxury items will not sell as well because people all over the world are tightening their spending belts. Therefore, it is important to ascertain what people are spending money on so that you can fill a present need.

This may not be easy. It will take some research and it will take some time, but the rewards are phenomenal. For example, many people who have lost their jobs are turning to the Internet to earn a living. They are building websites in the hopes that they can earn money at home while they are looking for a job. These people may need writers, graphic designers, virtual assistants, and others who can help them launch their business.

If you are considering launching a business that provides products instead of services, again, discover what people need. Do some market research online to find out what others are selling and then see if you can provide the same types of products. Perhaps you can offer more colors, more sizes, or cheaper shipping options. People are looking for bargains and if you can provide the types of products they are already buying and provide them at a discount, you will have a built-in customer base.

While it may not be advisable to actually quit a job and start a new business in a bad economy, this is something you can do while you are employed. If you have lost your job, it is something you can do while you are looking for work. The potential is there to earn a lucrative living online, but just like a brick and mortar business has competition, so do the online businesses. Your job is to find out how to do what others are already doing and do it better, cheaper, or faster.

Starting a Home Based Business With Your Spouse

Starting a home based business opportunity with your spouse can be a great way to combine your personal and work activities together. However, it is not as easy as what it looks. Working with your spouse requires a lot of advance planning and a lot of trust and communication to make it work. Not always do successful life partners become successful life partners.The main reason for this is that a partnership could at some time become a power struggle which could result in both the business and marriage at risk. Follow these tips to create the right balance between your home based business and your relationship.
Can you and your spouse work together?

This may sound easy but is not always. Ask yourself if you can really work alongside your spouse day in and day out, and then transition from business to life partner after working hours.


Even the most perfect marriage could get tested if you’re working with different goals. You need to be able to focus and work together towards a common objective. It is important to discuss goals and write a business plan and solicit feedback. Once you detail your vision, show it to an outsider for his/her opinion. There is a wonderful value in criticism from an unbiased source.

Divide Responsibilities

It is important to divide the roles and responsibilities of each partner so that they don’t step on each others toes. In many home based businesses, one partner looks over the direct selling and marketing operations (front office) and the other does the back office work which includes handling day to day operations and taking care of accounts, payroll and general office functioning work. The big decisions should be made together and small daily less important decision can be made solely. This would be an easy way to share power and minimize arguments.

Develop an effective way of resolving disputes

Good and clear communication is a must to any business relationship. A pair who cannot negotiate on small subjects would without doubt have difficulty in resolving the many major problems that would come up as the business develops. This can be avoided by holding weekly management meetings to review the growth and performance and make other decisions. It is important not to be critical, dismissive or contemptuous of your partner.

Child care plan

If you have young children, a day care or a baby sitting service would be needed when both of you are going to be busy with work. If your kids are running around the room and causing distraction, you will not be able to get much work done. It is advisable for both of you to switch between child care responsibilities. When one is working, the other could take a break and look after the children.

Space in the house

It is important to have enough space for the two of you to put your desks, computers and materials. A proper working environment is very important for the success of your home based business.
Many home based business projects are run by couples, and its not hard to understand why. The husband – wife team would already have a great understanding. Plus both have goals which maybe similar or complementary. Also many people are comfortable working with their spouses as compared to other unknown strangers. Even though the advantages are many, it must be remembered that while marriage is already hard work, the path to entrepreneurship could be even harder. Building a home based business needs much more work that what it looks like.Darrell Lischka

Some Helpful Techniques to Build a Legitimate Home Based Business

A great way to earn income from home is to build a legitimate home based business. One of the more effective techniques of increasing your home business bottom line and sale is through the use of consumer endorsements. Some home based businesses already have tried and true marketing tools set in place to help you succeed to work from home in today’s home business world. It will be worthwhile for you to learn the techniques and tactics to market your product or service.Work at home essentials1. Form A Simple Website – Making a free content website with all the information you can get concerning your subject.2. Personal use of the product – Using the product yourself helps you to be a better promoter of your products.3. Supply free samples – Once a consumer has tried the product and finds out if does hold up as advertised they are more likely to continue to purchase the product.Keeping a positive attitude is the key to growing a successful business. It is this quality which would save you from giving up after investing a lot of yourself into your new internet business. Self – determination and discipline are a couple of qualities one must possess. Be advised that several months may pass without you seeing a profit from your newly found business. But keep in mind it is worthwhile for one who has his foot in the industry to hold on and wait.As you’re growing your business always explore other ideas and strategies that may help in building your business and making it successful. Having a plan of action is sometimes not the only thing that is making your program work. You will need to have a product that is far better than others and have a good marketing campaign. By having these in place you may, you will be able to maximize your legitimate home based business program and earn higher profits.

Top 10 Reasons Why a Home Based Business Does Well in a Sluggish Economy

If anyone has even spent 5 minutes over the past month looking at the stock market, housing repossession numbers and job loss numbers, one would rightly think that the dreaded “R” word might be around the corner if it is not upon us already.When the job market dwindles, pay cuts are feeling inevitable, is this a time that anyone should be looking at a home based business to fill in or replace the JOB void?There are many reasons why the home based business market is not affected, and the following are my top ten reasons why you should be looking at starting a business and earning from home.1. Start up costs are low. Many home based businesses give you options to start at less than $50. Unlike a franchise, the home based business offers a low risk but potentially high return on your investment.2. No experience necessary. Ethical businesses provide on going expert tuition on marketing, follow up and presentations.3. No need to re-invent the wheel or to get a graphic artist design degree, most businesses offer replicated high quality website presence to their members. Systems are capable of being duplicated, people are not. Most home based business opportunities have done all the leg work for you and have created sample ads, email messages, websites, hold training calls to keep the member working and motivated.4. It is GREEN, to stay at home and work. Mothers can save on day care and transportation costs. I personally have cooked healthier meals for my family, having the time to balance my time in my business and kitchen.5. Huge target market. Millions are looking at a business from home as a way to add to their income. 55 million people worldwide have said yes to one.6. Tax savings implications of having a business. I do not profess to being a tax accountant, but if you are in business to make a profit, a percentage of everything from your heating to cooling costs, to your computer, advertising and even your accountants bill is tax deductible. Please consult a qualified tax accountant for complete details.7. It is in a growth market. With more and more households owning a computer, the market share is growing globally. Direct selling has increased over 91% over the last 10 years.8. A home based business is not your parents business. No meetings required, no board to illustrate the pay plan on. Anyone can conduct 100% of their business by using just a phone and computer. It is a respected business.9. Self reliance and independence. You will not get fired unless you fire yourself. Work your own hours, make your own schedule and goals.10. The American dream. If you work hard you can achieve anything. The dream is alive and attainable if you work for yourself, but you are no longer required to work by yourself.Before you jump into a business, make sure you choose a home based business that works and is ethical. Talk to members, check the Better Business Bureau to make sure the business is accredited and attend a training call. Feeling good about the product, company and support will go a long way to ensuring your success.

Private Sale Property Pricing

The property price dilemmaAs a homeowner selling your home you are faced with a dilemma when setting the asking price for your property. Ask too much and you risk your property sitting on the market for months without attracting any offers. Ask too little and you lose out financially. Faced with this choice many homeowners set their asking price too high believing that they can always lower the price if the property doesn’t sell. However this can have disastrous consequences for the value of your home.Setting the correct price is the most important part of selling your home. Whether selling your home FSBO or through a real estate agent it is vital to get the asking price right first time. Your aim is to sell your property in a reasonable amount of time and to get on with living your life, in order to do this you must set a realistic price.Buyers know the real estate marketBuyers are often well researched when it comes to the current real estate market. Therefore if a property is overpriced, it simply won’t sell. As a homeowner you may well feel that a prospective buyer can always make you an offer but in many cases buyers will simply walk away. It is said that a reasonably priced property will attract reasonable offers but an excessively over priced property will attract no offers.If a property is over priced and doesn’t sell it will sit on the market and will quickly become stale. Buyers will recognize the property as having been on the market for some time and assume that there must be something wrong with it; the property will have gained the reputation of being a lemon. If you overprice the house to test the market and then reduce the price later, it signals to buyers that the property was and may still be overpriced. Homes that are listed through real estate agents are particularly vulnerable as many agents give homeowners inflated valuations on their property to try and secure the listing. The owner is later conditioned by the agent to accept a lower offer that is often less than the true value of the property.Factors affecting the price of your propertyThe amount of time that you have to sell your home will affect its sale price. Any property will sell if the price is low enough. If the real estate market is slow and you need to sell quickly you may have to accept a lower price to sell you property. By offering a property for sale at a lower price the pool of potential buyers is expanded as the property becomes attractive to real estate investors who either want to rent the property to tenants or renovate and sell at a profit. If you are not in a hurry to sell your property you can concentrate on appealing to homeowners rather than investors. Homeowners are less likely to be concerned about rental yield and profit margins and will pay more for a home that they fall in love with.Some factors other than time that affect the price of a property are:Location: You can’t get away from this one; the cliché location, location, location is well known because it is true. If your property is located in a desirable area that is in demand, you will be able to get a higher price than you can for the same house in a less desirable area.Condition: A house that has been well maintained and can be moved into without the new owners having to undertake any major renovations will always sell for more than one that has been neglected and needs work.Desirable amenities: If your house has popular amenities such as parks, schools and shops close by, it will sell for a higher price.FSBO and property pricesAs a FSBO homeowner you are in a fantastic position in that you can under cut your competition (properties listed with real estate agents) and still keep more of the equity in your pocket as you have no real estate agent’s fees to pay. However a significant number of FSBO owners erode their competitive advantage by asking the same or more than properties listed through an agent.Opinion is divided as to whether buyers would rather buy direct from the owner or through an agent. Some people feel that buyers prefer to negotiate through an agent, as they can be more honest in their feedback, therefore if these buyers are to be enticed to consider FSBO properties they need a reduced price to attract them. Others feel that buyers would rather deal direct with owner rather than have to put up with the deceit and games played by some agents. Having dealt with many agents and FSBO owners I would rather deal direct any day.Whether the prospective buyer prefers to deal direct or would rather be negotiating through an agent one thing is for certain. The buyer knows that the homeowner is saving a considerable amount through not having to pay commission and will expect the homeowner to share some of this saving with them.Any sensible FSBO vendor will share the saved commission with the buyer by accepting a slightly lower price. The homeowner is still ahead in terms of the equity they have in their pocket and can move on and get on with their life in their new home. It is important to focus on selling your home not how much you can save.How to determine the price of your propertyIn order to determine the price of your property it is necessary to compare your property to other homes that have sold in your neighbourhood. There are three ways that this can be done:1. Online valuation serviceThese services compile reports based on historic sales data for a particular suburb or street. They are a useful overview and provide information quickly and easily but provide fairly high level information e.g. you may be able to find out the average house price in a street but may not know how many bedrooms the average house has.2. A professional valuerA professional valuation is the most accurate way to find out how much your property is worth. A valuation from a professional valuer is not the same as a valuation that you might get from a real estate agent. A professional valuer has no financial interest in your property and is legally responsible for their valuation. Banks will require a valuation from a professional valuer in order to issue a mortgage. Banks will not accept a valuation from a real estate agent, as they know that these are not reliable.
In order to value your home the valuer will visit the property to make measurements and assess the condition. They will then consider how your property compares to other properties that have sold in the local area.3. Comparative market analysisIt is possible to conduct your own market analysis by comparing your home to others that have sold in the area. The key here is to compare to the selling price of other properties and not the asking price.
Find 4-5 houses similar to yours that sold in your area over the last 6 months. Ask agents or owners or use property records to find out what the properties listed and sold for. Keep an eye on newspaper property pages for examples of recent sales.
As no two homes are exactly the same it will be necessary to make adjustments for differences between your home and those in the comparison e.g. if the home in the comparison has a renovated bathroom and your property does not you will need to reduce the comparison price.Setting the asking price for your propertyIt is difficult trying to subjectively value your home because of the emotional attachment that you have. This can lead you to over emphasise the property’s good points and to overlook any shortcomings. In order to get the most accurate valuation we would recommend investing in a professional valuation.When setting the asking price it is important to remember that the only thing that is relevant is how much a buyer is prepared to pay for your home today. It does not matter how much you paid for your home five years ago, nor does it matter how much your new home is costing or how much you still owe on your mortgage. It is only your property’s value as determined by the current real estate market that is relevant.You may however wish to include a small buffer to allow for some negotiating room. 5% more on the asking price will give enough room to negotiate but will not overprice the property so much that buyers are scared away.How to maximise your equityIn order to maximise the amount of money that you end up with in your pocket we recommend using a professional valuer to determine the property value.Once you have decided how much to sell your property for listing with a good FSBO website (also known as private sale) means you avoid paying commission to a real estate agent and can maximise the amount of equity you are left with.

When to Use Personal Finance Services and How to Find Them

Becoming efficient and wealthy will require the use of personal finance services and professional help to manage your finances effectively at some stage in your life. Managing your savings and Investment plans, debt management, taxes and money are all part of financial administration that can be overwhelming. There are times when using services rather than managing your finances on your own is a wise idea.

There are situations when people get occupied with mountain debt and finance problems that could not be remedied in the course of cost cutting and extra jobs, but require you to use a service or agency to help you manage what you have. Such scenarios like divorce, a long-lasting period of unemployment, unexpectedly huge medical bills, mortgage companies threatening to foreclose on your home etc will require expert help to not only navigate you out of trouble but also take some stress out of your life.

These are horrible problems no one liked to get involved with and regardless of how hard you have tried, you have made little development in looking to find better solution to it. Before you get stressed out, a personal finance service can lend a helping hand to you.

There are financial help services capable of working with your creditors and get them to reduce interest, cycle accounts to get them current, and amazingly get your payments reduced. The approachable staff at these relevant agencies is knowledgeable in all areas of finance, and they can possibly find better solutions to your debt problems that are 99% does not engage in bankruptcy.

Below are lists on how to find personal finance services at your best.

First, get in touch with a company through a professional relief network. All the firms which have delivered state of the art results are listed with these networks. Thus, stop wasting time in searching on the internet. Personal finance companies capitalize on the recession conditions. To compare debt settlement companies it would be sensible to visit a free debt relief network which will locate the best performing companies in your area for free.

Second, look at the advantages and disadvantages of each one of them and see which one will help you the most. So how can you ensure yourself from legal and illegal firm? The focus here is on the word legal. If the firm which you have chosen is not listed with a particular network, it is illegal. This is a very important way to identify scams and it will save a lot of money as well.

Third, If none of these agencies suites your taste in managing your personal finance, it may be time to consult with a professional personal finance expert. He or she offers a free initial consultation. However, as a client you need to bring relevant resources and information and remember not to hide any debts record. The personal finance expert will review your information and advise you on how to best proceed.

Small Business Build Your Business with The End In Mind

Small Business is the toughest industry to break into. If you were a betting man, you would never in a million years want to go into a small business when the odds for success in small business are so bad, that 70% of all small business fail in the first year. Let me be blunt, if you want to succeed in small business, only listen to those people who have built a small business in an industry they no nothing about and succeeded. These are the people who seriously know how to build a small business.

I just happen to be one of those people – I am not a business coach – I offer no consulting on small business, just let me share with you my secret to building 4 small businesses from a three thousand dollar credit card.

The first secret when building a small business is this, have the end in mind. When I first started in small business, I was like most business people, I was a technician (bit more than that, but this is how the E-myth would describe me) in the IT industry with the belief I could build a better computer training company than those around me. One thing I can tell you about this industry, stay out of it. It is tough and there is no money in it, well that’s not quite true, but there are far easier businesses to make serious money. In fact I married my wife and I decided I wanted to experiment on whether all business was as hard as the training industry or was it just computer training.

My wife and I, after much coaxing agreed to setup a car cleaning and detailing business, we new nothing about the business and were simply doing it as an experiment. Two years on, we have a successful thriving business and we are about to Franchise and expand the business to over 10 cities in Australia.

The key to building a successful small business is to have the end in mind and to know when you are going to exit the business. Most people when they start a small business simply believe they are going to have a business to make money, come home and do it better than their boss. If you are going to go into business for this reason, quit now, because your life is doomed.

There is more to business than simply doing the technical work and this is what most new small business operators do not realize. When you are first thinking about starting a small business, imagine how it will look when you are finished. For example, what image will you have, what logo’s will you have, what marketing material will you be using, where will you be operating from, how many stores will you have, how many people will be working for you, what sort of profit will you be making and more so, how will you know that the business is complete.

For example, let us say you wanted to start up a dog washing business. You saw in a market that there was a massive need for dog washing. How are you going to satisfy the market? How are you going to build your business? How are you going to clean the dogs? Are you going to build the business like other? When will you know that the business is finished?

These are all the questions you must ask yourself. In fact, if you don’t ask yourself then you will find that your business may grow but without any focus. It will go so far and then become a huge noose around your neck. By knowing what the end will be, you then have a clear goal of what you want to achieve and you can then build the business based on that vision.

Let me give you a really good example of this methodology. If you get a chance watch the movie, Concierge with Micheal J Fox. Micheal plays a concierge that has a vision of building a hotel. He first builds a model of the hotel and then sells the idea to a developer. As he says in the movie he knows every aspect of the hotel he has built.

You as a small business owner must do exactly the same thing. Before you rush out and start your small business, you must know exactly what you are building know every aspect of it and how to build it. You must know every job, every role, every procedure and how it will work within your business.

By creating your business in this way, you will learn very quickly what will work and what will not.

Most people who want to start a small business will say that they don’t have enough money. If you have a clearly articulated vision and you can prove that your vision works, then there will always be someone out there prepared to back you. It may take a while to find someone to support you, but there are people out there who will. Just remember it took Walt Disney, 500 plus knock backs for Disneyland before he found that one group of people that would back him.

If you truly want your vision to work, then you must be prepared to be relentless in your pursuit of success. Remember the first secret in small business success, is to build and develop your business with the end in mind.

The Finer Points of Internet Auctions


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

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

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

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


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

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

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


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

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

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

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


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

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

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


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

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

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

How to Find Great Live Auctions for Resale Items

Hi, my name is Walt. I’m an auctioneer with 25 years of experience in the auction business and licensed in the state of MA. I own Quick Auction Service, a company that specializes in building and running custom auctions, I’m also the webmaster of my own site and have been on eBay for 8 years. Besides eBay, the types of auctions I run most frequently are antiques and on-site estate auctions, although I’ve run everything from business overstock auctions to charity & special event auctions.

I enjoy sharing my knowledge and stories of the auction business. My goal for article is to help folks get the absolute most out of their auction experience.

Whether your fresh out of the package or a seasoned dealer I think I can offer something in this article to help you with your auciton adventures.

There may be as many reasons to attend auctions as there are types of auctions to attend. Maybe you want to attend an auction to buy items for re-sale on eBay, or some other market. Maybe you want to furnish your home with wonderful antiques, or you want to furnish your home as inexpensively without sacrificing quality.Some folks are just looking for a fun night out. With a little perseverance all these things are possible.

There are antiques and estate auctions, auto auctions, overstock auctions, absolute and no reserve auctions, real estate auctions, specialty auctions where only one genre of items are sold, tailgate auctions, live auctions, online auctions, sealed bid auctions, silent auctions, charity and fund raising auctions and many more.

Can you really buy for pennies on the dollar at an auction? You bet! Many times I’ve seen folks buy and re-sell at the same auction on the same night for a good profit, although be advised, this should only be done after the auction is over.

There are a lot of ways to find an auction, but here are some tips on how to find and attend the best ones.

Visit the genre of shops in the area that apply to the type of auction you want to attend. IE: If your looking for a good antique auction to attend, stop in the local antiques shops and ask for what there are for good auctions in the area. Sounds obvious right? But listen to what they don’t say as well as what they do say. Oftentimes when a dealer speaks poorly about an auction he or she attends, it may be likely that they are trying to keep a good thing secret. Think for a moment, why would a dealer keep attending a lousy auction?

Newspaper ads: I personally like to find ads in the classified ad section rather than flashy display ads. Flashy ads are usually indicative of an auction that will be high priced, may have reserves, (a set price on an item), and usually an enormous crowd. While any auction can be profitable to attend, it is usually best to steer clear of the glitzy ones, at least for the beginner.

Here’s the minimum you want to find out before you go. If there is a phone number in the ad, call and ask for the terms of the sale. What forms of payment do they accept? Is it an absolute auction? An absolute auction is one that has no minimum or reserve bids on items. These are the best auctions to attend! Is there a buyers premium? A buyers premium is like a tax that everyone who makes purchases at that auction must pay above the winning bid price. Most auctions these days do charge a buyers premium, 10% is not unreasonable but I feel much more than that is greedy, and the auctioneer that charges over 10% is counting on most bidders not doing the extra math as the bids quicken in pace.

A fair auction will have ample time to inspect the merchandise, usually at least 2 or 3 hours. Find out when inspection starts and make sure to attend! Never attend an auction if you can’t make the inspection, not unless your prepared to gamble. Most auctioneers sell at a rate of about 100 items per hour, which is why they sell “as is”. They simply don’t have the time to give a detailed description of all the items. Since almost all items at auction are sold AS IS, there are sure to be some damaged, refinished, fake and incomplete items at any given auction. Beware of any auctions that offer very little or no inspection time.

Good auctions will usually have 150 to 400 lots. A lot may be one item or a group of items. The exception to this are specialty auctions, auto auctions, real estate auctions etc.

When you attend your first sale, take note of the 1/2 dozen or so dealers that buy the most often. See if you can find out about other area auctions they attend.

When you do find an excellent auction, attend it as often as possible. By frequenting good sales, you help increase the bottom line of that business. It’s difficult for many auctioneers to keep the quality of merchandise consistent, so good attendance certainly helps. And when an auctioneer gets to know you as a buyer, he/she will go out of the way to accommodate you, to keep you coming back.