There are many reasons why the home based industry is a good investment and business option for people today. In the light of the recent financial crisis, many large organizations and land based businesses are collapsing while the home based business industry is thriving. This is because the online market remained unaffected by the recent recession and has only benefited from the many new online home businesses starting up.A home based business is great idea if you are unemployed, need a second income or if you are a stay at home parent. Even if you are a homemaker with valuable degrees to boast of, or a college student with a lot of free time, an online business is a very lucrative and simple way of making money. Even if you are someone with a steady job, it is always good to have a backup plan just in case. Get ready to get into the home based business industry and you will soon find yourself well on the way to achieving financial security and a great future. Also, once you get the business up and running, you can step back and let it run itself.One of the first steps to starting an online business is doing some groundwork to find the right home based business that suits your qualifications and interest. There are several home based business opportunities for you to choose from and you make a good choice with a bit of effort and concentrated research.Remember never to rush into a home business just because you have a great money making idea. Understand the risks and know that even with all the planning that you put into your business there is a chance of success, only if you are able to market yourself properly.Starting an online home business is a relatively simple option if you have an internet connection, a personal computer and a good business idea. Even marketing knowledge is not required as you can hire someone to market your online business for you. An online business will allow you to work flexible hours and if you are a parent, you will not feel guilty that you are not at home for your children.Building the right home business will reap huge benefits for you. However, do not be greedy and expect results right away. Instead, have patience, put in hard work diligently and eventually the money will come in.

On a sunny afternoon in Florida, an energetic crowd gathers on the lawn of a high end luxury estate. A loud and eager banter between an auctioneer, a group of bidders and bidder assistants fills the air. For several minutes the auctioneer asks for the next highest bid and the bidders respond. Suddenly the bidders grow silent. The high bidder holds his breath in anticipation of winning the auction. The auctioneer calls for one more bid. In a loud clear voice which rolls over the audience he says, “Fair warning, last chance” the auctioneer pauses, “SOLD!” And in less than 10 minutes another multimillion dollar estate has changed owners.

Successful real estate auctions like the one above are happening all over North America and the Caribbean. Recently real estate auctions have been on the rise, the increase in popularity is partly driven by growing inventories and fading buyer confidence. Properties that were selling in weeks using traditional methods are now languishing on the market unable to attract buyers even as seller’s lower prices. Many say the real estate boom is over but savvy buyers and sellers are profiting from real estate auctions.

Real Estate Auctions Work in Up or Down Markets.

Regardless of trends or market cycles, real estate auctions provide an open and transparent process for buyers and sellers. Properly conducted real estate auctions attract ready and willing buyers and motivate them to act now.

The auction method removes the “wait and see” attitude which serves to further depress real estate values. Buyers are always concerned about overpaying. Buyers gain confidence with their purchases at real estate auctions because they can see what others are willing to pay.

When market demand is high and inventories low, real estate auctions can deliver selling prices well above what a willing seller would have accepted in a negotiated private treaty sale. In good selling climates many property owners using traditional real estate methods; negotiating with one buyer at a time, leave thousands of dollars of equity on the table. During up markets real estate auctions are the best way to establish top market price.

Evaluating Your Real Estate for Auction

Not every property or seller for that matter makes a good candidate for auction. First of all sellers must be ready to sell now and for the current market value. Also a real estate auction will not fix problems caused by a downturn in market value of your property, if you owe more than a willing buyer will pay, be prepared to come to closing with your check book.

Properties that do well in real estate auctions have a high uniqueness factor. Ask your self, “What makes my property different from most others?” Maybe you own a resort property or high end luxury home, commercial properties and land do very well at auction. Real estate auctions thrive on uniqueness. If your property is like everyone else’s, the best thing you can do is offer the most competitive price.

Most importantly sellers must be reasonable about setting a minimum bid. A seller must look at the lowest, most current comps and price below that to generate the interest and urgency necessary for a successful real estate auction. Once the auction begins and qualified bidders start competing against one another you can watch the selling price increase.

Locate a Qualified Real Estate Auctioneer

Start by checking with the National Auctioneers Association, the best real estate auctioneers belong to this organization. These real estate auctioneers are well trained and adhere to a standard of practice and a code of ethics. Many attend the annual International Auctioneers Conference where the latest techniques and innovations in the real estate auction industry are presented.

Find out if the company you are interviewing is a full time real estate auction firm. Many real estate agents are getting auction licenses yet have no experience with the auction method of marketing. Conducting a successful real estate auction is nothing like (private treaty) traditional real estate sales. Go with a real estate auction pro.

You’re probably better of with an auction house that specializes in real estate auctions. There are many qualified auctioneers who have generations of experience selling personal property; furniture, dishes, lawn equipment and the occasional rare painting. Selling real estate at auction is a complex matter that should only be attempted by full time experienced real estate auction professionals.

Commissions and fees may vary, sellers must pay all marketing expenses up front and buyers typically pay 10% of the sales price to the auctioneer of which a share goes to participating real estate agents.

Types of Real Estate Auctions

Auctions are effective because they create a seller’s market. Professionally conducted real estate auctions create urgency, a reason to buy today and competition for the property. Terms and conditions of sale are established ahead of the auction. Real estate auctions will follow one of these three approaches:

Absolute Auction

The property is sold to the highest bidder regardless of price- using this process often returns the highest sale price.

Minimum Bid Auction

Seller agrees to sell at or above a published minimum bid price – this method is useful for internet auctions.

Seller Confirmation or Reserve Auction

With a reserve auction, the seller “reserves” the right to accept or decline any bids usually within 48 hours of the auction. Reserve auctions are used when there is a lien on the property from a lender or a court ordered sale with a minimum selling price.

An advertising or marketing agency is the third-party offering advertising and marketing services to organizations and businesses. They are the best source to acquire complete information about the market. With the help of various methods like culture knowledge, market research and modernized sales techniques, advertising agencies provide detail information about the current market scenario.

What services do advertising agencies offer?

The services of an advertising agency include creating gorgeous color schemes and logos that can drive consumers towards their client’s ads. Amongst the services, they also prepare brochures and slogans and create descriptive copies for the sales materials. Most advertising agencies use various media platforms for promoting their client’s organization and business. Magazine advertisements, TV commercials, websites, radio commercials, newspaper ads and infomercials are few of the media used for marketing.

Before marketing, the agencies must know about the services and products of their clients. This helps them to decide the demographic to promote the products and services to consumers. Together with outsourcing of product promotion services, businesses have now started outsourcing the marketing functions.

Marketing Agencies and Their Functionality

Often businesses are unable to decide how to market their services and products or what type of marketing will be effective for them. This is where the marketing agencies come to help. They work coherently with their client companies and offer them professional assistance to plan their marketing strategies. The primary aim of these agencies is to boost up the sales of their client company. They offer marketing strategies which would reach out to the largest number of prospective audiences.

Marketing agencies also do a lot of market research. They study about the sale points and demographics for supplementing their services across the market. Marketing agencies work together with the advertising agencies delivering them strategic inputs about the marketing ways, geographies, target audience and the market study. Hence, they both can promote a company in the true sense.

A company can drive its target audience and consumers with the help of these two agencies. These agencies make certain things like brand recalling and control over the market more effective for a business organization. The strategies of these agencies are highly efficient in establishing a company among its competitors. Companies can sway their consumers in a remarkable way. Now, it might be a costly affair to engage these agencies for a company but it is worth the investment it makes.

Both marketing and advertising agencies survey the market thoroughly which is not at possible for any business to do. They study the market and use varied tools to make a company and its business poplar in the market.