Distance Education – A Sin In Bangladesh

From very early childhood of mine I have known that knowledge is power. I have read about many scholars’ life where their knowledge acquiring process was quite different, in fact knowledge was the priority and nothing else. Today there is a trend of gaining knowledge by not attending school physically. In simple thinking this is good when attending school is difficult due to some reason. But the situation we face in countries like Bangladesh indicates the opposite. The following story will clarify all, I believe, -

It is a story of a boy living in Bangladesh. He was a good student from a middle class family. He studied till the completion of his graduate degree with the support from his family. In Bangladesh there is not much scope to work parallel to the studies. Still he worked hard to earn some money for his family during his education. In fact he was very caring for his family, especially the parents. He sacrificed many of the opportunities for education and earning because they would compel him to go away from home that would leave his parents alone and helpless.

He had a very keen interest for earning good quality knowledge through education. But in Bangladesh education is rather certificate oriented. Plus if one wants to study in some professional trend after the graduate level, he must engage himself fully with education leaving any earning scope behind. Though there are some students here who work parallel to postgraduate education, they leave their family behind and still do not earn knowledge adequately; even the examinations for certificate gaining, the main motto for many here, are also postponed day after day.

So my hero (?!) could not proceed for post graduate education in his country. He did not even have the money to travel up to the university, let alone paying the admission fees and expenses for standard books. Instead he searched for a job for the maintenance of his family and also important treatments of his parents like eye surgery. But he never quit his struggle for knowledge. As Bangladeshi institution had very little scope for scholarship, he started to search for scholarship, that is, full free studentship. He did not want to leave his country because that would cost him the amount of money that is too much beyond his capacity and also he would have to leave his helpless parents alone. With his strong desire he managed so many distance education opportunity fully free of cost that he reached the highest level of education. Parallel to this he could earn and maintain his family, though that was very tough for him to maintain the standard of knowledge.

But when he began to study by distance learning mode, his friends, and related people disbelieved him. They took him as a very immature person and advised him not to waste time after worthless things. As he did not leave the education, they started making fun of him, and finally they took him as a cheater who is lying in the name of new things. He got severe disappointment from them for his success in acquiring knowledge in place of any congratulation or applauds. But he never stopped. He knew that he must be a wise man and also maintain his family properly.

But the biggest blow came from his professional brethren. The institute, where he did his job, had some employee with higher education by on-campus education. First they were expressionless about him, but when they saw his name and photo on the national news papers for his successes and contribution, they became very annoyed, and they warned him against cheating and reminded him of the consequences of cheating, though my hero was never lying or cheating. Finally when he started to avoid any publicity and concentrated in personal education and development, willingly many of his co-workers insulted him mentioning that he has no qualification to maintain such activity for himself. They advised him how to learn and who can learn.

Parallel to all these, his country’s authorities never recognized his degrees and education and he stopped letting others know about what he did by distance education. He erased his distance education degrees from his visiting card and when someone asks about his educational qualification he only mentions up to his bachelor degree education. But he never stopped his work for education and learning. May be .01% of his surrounding people encouraged him for his effort, but that was invisible in the crowd to insults, though he always remembers and admits the benefits of those scanty supports.

That was the entire example. The person I talked about needed to conceal his name and introduction to avoid further harassment, though he may be facing the same for infinite period of time. But what is your opinion? Is distance education a sin? I believe it is at least a sin, practically, in Bangladesh.

A joke: Did you know Bangladeshi’s are very much fond of British ordinary and advanced level certification? Also did you know that Bangladesh has an Open University? How funny, isn’t it!

Taking Care of Your Home Based Business Startup

Due to the paucity of funds, most businesses today are usually home based, and they move on once they have adequate capital to a fully fledged company and eventually into an enterprise if everything goes on track. However, the strongest aspect of the company lies in the initial stages, where the image of the company is molded and shaped into what you want it to be. Depending on the area of operation, you should have proper goals and strategies in place that is then going to help your company grow. However, many home based businesses continue to remain so because of lack of planning or a general lack of interest to grow.

If you do manage to get a good idea for your startup, don’t hold back and try to make sure that you can fully exploit the idea. The first part is to make sure that your company is recognized and that your company is going to focus on the right things to ensure that there is no worthwhile competition. Many home based businesses that fail do so because they focus on the wrong things.

Don’t let the competition intimidate you and seriously consider changing things if they are not working out in the way that they were supposed to. Also, don’t let the stories of other home based startups affect you. Often, one might lose track and go astray from the original path for the wrong reasons. This is what is going to kill your budding business, so plan wisely and ensure that your startup survives for a long time to come.

Three Best Home Based Businesses

Are you wishing that you had more time to spend with your family? Are you suffering from a thankless 9 to 5 type job? Are you spending valuable hours of your day stuck in rush hour traffic, instead of spending that time doing the things that matter most? Are you researching the idea of working from home, and are you looking for the three best home based businesses?Here is a list of what I consider the three best home based businesses.1. Healthcare: The healthcare industry is a great opportunity for making money, and having a stable home based business. This consists of many areas, such as medical transcription, which essentially interprets doctors recorded notes into medical jargon that will be submitted into the patients permanent file. Medical billing and coding is also available. This consists of properly coding procedures that were done, and submitting the claim to the insurance carrier, so that the medical provider can receive payment.2. Selling home products: This kind of business can be costly to get started, but many people are making a living doing this. Suggestions are cosmetics, purses, home decor, or even selling items on eBay. Many people spend days searching garage sales and antique shops, and are making a killing by auctioning items on eBay.3. Online marketing: As you know, in today’s world, nearly everything is being done via the internet. There are a multitude of people who have found financial security, and even wealth in their home based business of online marketing. Why not use the resources of the internet to provide you the lifestyle that you have been working towards? With online marketing, your goal is to drive traffic to a website where you offer a product or service. This business does have a learning curve, but once you negotiate that, it is very simple. It is also very rewarding.

Work At Home – A Home Based Business

Being an entrepreneur is very appealing, but not everyone can be a successful entrepreneur. One of the fastest and easiest ways to become a successful entrepreneur is through a home business. There are various reasons why someone may want to consider working from home. These may include – you are a stay at home mom or dad and you want to avoid conflict with the schedule of your children. Perhaps you have physical limitations or are temporarily disabled. Or you have a health problem that does not allow you to work for short periods, and you feel that working from home is better suited. Maybe you just want to supplement the income of your spouse and you want to work part-time, but have the flexibility to dictate your own hours.Many people who are looking for a work at home opportunity take their research to the Internet. And that’s how you found this article but there are some things you should be very careful about and we will cover some of these things today.First, be very careful if you find a source of a job or organization, and they charge you a large fee – this may not be a good idea. However, there are a few legitimate companies and business opportunities out there that require a small startup cost that usually covers the training and other materials that you would need in that business. Whether it’s an ad in the newspaper or an online business opportunity banner, be sure to do your due diligence before you pay for any job.Second, pay attention to the lists you join. The term “homework” if typed into a search engine will return hundreds of thousands of results, if not millions. Remember, scams are out there too, for anyone seeking a home based business – so be sure to protect your email address so that you are not bombarded with hundreds of offers daily. If you are a person that likes to take a look at every opportunity available, you may want to consider creating a separate email address that can be used for mailing lists. That said – Start by evaluating your strengths and weaknesses. After the evaluation, you can now see if you can manage your own online business. Apart from the evaluation process, these are a few of your responsibilities as an entrepreneur:• You must know how to plan and organize.
• You should be able to work independently as now you are the boss and all business decisions will be made by you.
• You must be disciplined with your time
• You are required to test and find best practices for your businessSome say that online businesses can be run without many problems. Well, they are mistaking. Even with an online business, you can face problems and risks. You cannot eliminate such risks that go with any business venture, both for businesses online and offline. However, you can reduce the risk that you are bound to deal in the future by choosing the best home based business for you. Contractors are known to be self-starters. Organizing your time is a difficult task, but if you want to start a home based business, you should be able to do so.Remember, you do not have a boss that you can count on. This is your business and you must be responsible at all times. Running your own business also means you have to deal with different types of people. You will surely encounter demanding customers, moody vendors, and maybe even unreliable staff. To become a successful home business entrepreneur, you need to know how to deal with them individually and know the quirks of each person you meet so you can remedy the situation correctly. Running an online business is all about your attitude and character. According to some experts who have conducted research on the characteristics of entrepreneurs, there are certain traits that they must possess. As mentioned earlier, entrepreneurs take risks, self-starters, and know how to deal with different types of people.

Why Fill Out a Toys R Us Application? There Are So Many Lucrative Home Based Businesses to Consider

Have a look online at all the Multilevel Marketing companies that offer great opportunities. Consider something like ContractXchange where you represent quality big name companies and simply take orders for them through their online system. Have a look at Big Ticket To Wealth and see the dozens of online mentoring programs they offer and the success stories that they showcase on their website and through their daily webinars.You can simply start your own home based business with something that you are passionate about. For example you can design jewelery, you can offer business plans and resumes, you can start a dog walking business, you can offer consultation in something that you are an expert in. So many to choose from however you will have to do some research and find out what would be appealing to you.You should also consider home base business statistics before you venture into it. The one statistic that you should look at is what type of business is doing well and the pros and cons of that particular business. Consider the following statistics:approximately 36.6 million home based businesses in the U.S.
Newsweek magazine predicts that in the near future, almost half of the households of America will be involved in one form of home based business or other.
The Home Based Business Institute is of the opinion that 70% of the home based businesses in the U.S last for a period of at least 3 years or more.
This form of business generates an annual revenue of $427 billion.
70% of the total home based business is run by women.
48% of the home based business owners are graduates while 22% are involved in white collar jobs.
This form of business generates 8500 job opportunities on a daily basis.
The Small Business Administration states that 53% of the small businesses located in America are home based.
Such business concerns have an average annual income of $63000 per year.This is just some information that you can consider before filling out your toys r us application or waiting for your phone call for you interview while they sort out the thousands of applications I can only assume they receive.

How To Search For The Top Home Based Businesses?

Home based business is one of the most lucrative options available today to earn a high profit while sitting at the comfort of one’s home. Home based businesses provide an opportunity to those people who have the potential to do a lot but are restricted because they cannot move outside their home spheres to work.There are a lot home based business opportunities available today but each and every business opportunity does not suit everybody. Some businesses are better suited for some people while others can make do with the other types of businesses. The online home based opportunities include a lot of choices. Before selecting the best business opportunity that suits one the most one must keep a few things in mind which include:Investment: The amount that one is willing to invest is important on determining what will fit one the best. Before starting one’s own home based businesses it is essential to have and endow some money. Money helps to contract out some skills, start their own website and make the business appear more legitimate.Another way to begin a business without spending any money is to present services. Article writing, web design, Data entry and graphic design are some of the ways through which one can build capital.Prevailing Online Trends: SEO (Site Engine Optimization) offers immense opportunities for earning high profits. Affiliate marketing has grown over the years from the time it was subjugated by complex multi-tier plans to the simple direct online marketing privileged today.Skill: The best home based business opportunity is one in which one is skilled in. Innate talent such as drawing, painting or high end skills such as Accounting, Computer Aided Design (CAD) can help one earn a living online.Top home based businesses include administrative support. Independent work portals typically have virtual assistant, administrative, typing, transcription, reception, data entry, and similar employment assignments. Those people who are artistically inclined eBay offers marketplaces where one can sell and buy products. One can also engage in selling crafts such as clothing for pets and people, bath products and candles. Cakes and cookies are gourmet products that one can sell in the online portals and earn a hefty amount. Also among top home based businesses are technical works such as programmers, coders, developers and support positions such as web content developers and designers.Home business for mom is gaining a lot of attention in the present context when most things come with a heavy price. Therefore even the moms at home want to engage in some fruitful work so as to support their family. There are a lot of home based business opportunities available for women. The best among these include: Catering services, Selling on eBay, Crafts products, Online typing, Pet care services, Day care centers, etc.

Small Business Should Invest in Big Data and Analytics

Big data refers to huge volumes of structured and unstructured data; however, processing such massive volumes of data via traditional data management tools is inefficient and impossible. To understand big data you have to realize the devices that are collecting it today e.g. bar code scanners, mobile cameras, CCTV cameras, motion sensors, smoke alarms, web analytical tools, CRMs, etc. From the examples, you can see that these devices collect a vast array of data types hence the structured and unstructured part in the definition. The sheer velocity at which the data is being produced cannot be controlled and processed using traditional methods and tools.However, the use of big data and incorporation of big data analytical technology gives businesses the competitive edge over their competitors.Big Data and Small BusinessesIt is only a thing of the past when terms like big data and business intelligence were associated with large enterprises only. Today, small businesses have to leverage the data they are collecting in order to remain a part of the competition. For years, cost has remained the main reason why small businesses did not adopt big data analytical technologies, but this has changed now. There are budget-friendly tools available for small businesses to take advantage of the data they are collecting today. According to some experts, small businesses can take better advantage of big data since they are able to make the necessary changes far more quickly than large enterprises i.e. real-time response to insights from available data.According to an IDG study in 2016, 78% of the large enterprises agree that big data strategy has the power to change how businesses have always operated. This shows the acceptance of big data technology and strategies for large enterprises and strengthens the fact that small businesses could become irrelevant if they did not adopt the same strategies.Benefits of Large Data AnalyticsLarge Data and Big Companies, a report by IIA Director of Research, Tom Davenport, reveals that businesses are benefitting greatly from big data analytics especially in improving their products, making business decisions faster and reducing costs. Here are some ways small businesses can benefit from big data.• Cost SavingsThe upfront cost of implementing large data tools and strategies is high undoubtedly, but the long term benefits of doing so are matchless. The healthcare industry is a great example of how the use of large data can help businesses reduce their costs regardless of their size. Using predictive analytics, Medicare and Medicaid Services forestalled more than $210 million fraud in healthcare with just 2 years of utilizing the aforementioned technology.In addition to preventing frauds, small businesses can also reduce their costs by steering clear of creating more inventory than needed, including better partners in the supply chain, etc.• Improved Decision MakingThis is the biggest benefit of large data. It allows businesses to expedite decision making by processing the data fast and giving insights in timely manner. In the past, business decisions were reserved for future strategies in the light of available data and the trends that were observed in it. The amount of data that businesses are sitting on today is huge and thus more powerful insights are to be gained from it.This vast amount of data requires the use of modern big data hardware technologies. Once both the things are in place for a business, they can understand customers better, create products that are a closer reflection of what customers want and develop a brand based on most reverenced values.• Impenetrable SecurityBusinesses are more focused today on using large data to improve their core capabilities, but less attended to a more serious concerns i.e. cyber threats and security breaches. Almost every small, medium and large business is connected to the internet today. Moreover, the Internet of Things has broadened the attackable security surface for businesses making it easier for cyber criminals to attack networks and penetrate company databases.The biggest concern for modern businesses is that they have to “respond” to cyber attacks that have already occurred rather than being able to prevent them from occurring. The use of big data and big data analytical tools can be a game changer in this area allowing businesses to prevent any security attacks way before they are executed.Key Technologies Helping Businesses Make the Best of Big DataAs a small business, you will have to familiarize with various technologies that help you store, analyze and take action on big data. Here are some important ones:• HadoopIt’s a framework supporting the storing of large amounts of data using an open-source approach. Once data is stored, Hadoop enables the use of a variety of applications using “clustered hardware” at its base. Due to the cluster of commodity hardware, it becomes possible and easy for businesses to process big data despite its increasing volume.• Data MiningThis is the technology that enables business owners to capture insights, patterns and trends from big data that otherwise cannot be obtained with a traditional approach. Data mining is what allows you to jump in a large sea of structured and unstructured data, make sense of it all and produce analytical insights that help businesses with real-time and future decisions.• Predictive AnalyticsPredictive analytics walk side by side with data mining. Artificial is at the heart of predictive analytics, enabling business owners to adjust their present strategies by giving predictions about what will transpire for the business based on existing data.• Text Analysis and MiningOne huge concern for modern business is to analyze the noise on various web platforms such as forums, blogs, social networks, etc. to understand what customers expect from a particular brand. Finding out about brand mentions and understanding customer’s impression of your brand can help you readjust your marketing approach to gain customer loyalty. Text mining helps small to large sized businesses go through text data from emails, blog posts, social networks, etc. and hear customers “voice”.With the rise of smartphones, artificial intelligence and IoT (internet of things) it has become clearly visible that businesses will now have to handle mountains and mountains of data, and make use of big data analytical and processing technologies to have the competitive edge.

The Main Reasons For The Growth Of The Home Based Business Industry

“Opportunity does not knock, it presents itself when you beat down the door.” – Kyle Chandler

What is the Home Based Business Industry?

An entrepreneurial business is mainly operated from home, mostly by the business owner himself. Some people refer to it as micro enterprises, working online, or small businesses. A small or micro business may not necessarily be a home based business.

It is important for the development of our home business opportunity to achieve financial independence in the global economy of the 21st century, to have a view of the total size of this industry and some views on possible future development and growth. This evaluation of the trends of the industry will help to dream-it-plan-it-do-it.

Very reliable statistical information is not freely available because these businesses are not well defined and are not part of governmental statistical planning and strategic information data. Some research and other information are available and will help us to get a broad view of the importance and trends of this industry.

Some general trends of and comments on the Business Industry:

The prospect of working from home has gained credibility over the years. It is no longer seen as a kind of part time job that the wife is doing from home while caring for her children. Take into account that most companies, about two-thirds of all companies, begin at home. That includes big companies like Apple Computer, Baskin-Robbins ice cream, Electronic Data Systems, Hallmark cards, the Lillian Vernon catalogue, and Purex.

In the USA, the average income generated by the home based business is substantial, as indicated by the following:

“Plus many home businesses do generate substantial revenue. About 35% have revenues of more than $125,000 and 8% more than $500,000. The median household income is $50,233 for households in general and roughly $75,000 for home entrepreneurs. The income for home based business owner is thus substantially higher than it is for the population as a whole.”

The home entrepreneurs business employs about 13.2 million people in the USA. It is estimated that about 50% of these are home based businesses. The assumption is that the home based businesses employs about 6.6 million people in the USA.

The home business industry is developing fast and becomes more important due to the following:

• The growth in the internet and the people connected to the internet. Two billion people are connected via the internet and this number grows by 200 million each year.

• Growth in the availability and lowering of the costs of broadband communication and connections worldwide has a positive influence on people connecting to the internet.

• The internet, increased online purchasing, money transfer mechanisms (notably PayPal), reliable global shipping, the decline in informal trade barriers and networks created through immigration have all made it easier for small businesses to serve global markets. The internet has been particularly important in enabling small businesses to cost effectively serve small market niches (the ‘long tail’ phenomenon).

• The development of computer technology, software, printers, dedicated telephone lines, and mobile phones creates new opportunities for the home based business and makes it more viable to operate a business from home. Affordable and powerful new technologies will continue to create new opportunities for the home based business. These technological developments will help to keep this industry growing.

• New innovations like:
o Express parcel delivery, distribution, cloud based IT services.
o Outsourcing, freelancing, communication technology, and the availability of skilled people in foreign countries makes it possible to not to have to perform all tasks at the premise of the home based business. It is easier to operate from a small premise at home.
o New business models have created new job opportunities for the development of home based business. Two examples are the network marketing industry, or multilevel marketing, and franchising.

• The growth of the knowledge and service based industries requires little office or working space and economies of scale does not apply.

• People are making lifestyle changes and prefer to work from home as it gives them flexibility, it saves time, and it eliminates commuting costs.

• The computer home business is not exclusively dependent on the local market to generate income, or for its financial existence; that makes this kind of business less vulnerable to economic cycles.

• Many people do need an extra source of income due to debt or other financial reasons and start their own home based business part time to generate a second income stream.

• With employer benefit packages being cut and the chances of losing a corporate job increasing, many view starting a home based business as no more risky than traditional employment. Job and income security drives people to start looking for and to develop an extra source of income for them.

• Due to demographic and social shifts. Aging baby boomers, women, Gen Y and others are all seeing home based business ownership as an increasingly viable work option. An interest in achieving work/life balance, flexibility, the opportunity to pursue a passion and working for your self are some of the reasons given for starting a home based business.

• There is a lack of corporate jobs. Large corporations have been battered by the recession. Even if the economic recovery is strong, it is unlikely that these companies will dramatically increase hiring. Instead of hiring full-time staff, they will stay flexible and lean through the increased use of technology, contractors, partnerships, and outsourcing. As a result, starting a home based business will be the best, and in many cases, the only option for corporate refugees.

“Nevertheless, owners are much more satisfied with their quality of life than other small business owners. However, the majority of owners do not appear to have made a financial trade-off in order to secure this quality of life.”

The number of people connected to the internet is growing very fast. Broadband is becoming more available in the world. The internet support technology and mobile applications of communication is growing at an astronomical rate. These developments create new opportunities for the internet related businesses.

It is being considered by some researchers that these developments will have a greater influence on the world economy than any economic revolution in history.

“Opportunity is missed by most people because it is dressed in overalls and looks like work.” – Thomas A. Edison

What Online Advertising Options Are Right for You?

Advertising Options:

Offline advertising has so many outlets that we are all familiar with. It’s easy to understand the differences between TV and Billboard or Newspaper versus magazine, but when you want to advertise in the digital space, the spectrum really gets broad and the pricing differences can be tremendous. I want to explain a few channels where you could digitally advertise that can give you very good returns. The main question is who are you trying to reach?

Who are you trying to reach?

This is a quick one and it’s totally up to you. It is the first question you should ask yourself when thinking about advertising on the Internet. Once you have that figured out, here are a few options that will help you boost your online brand.

Social Media Advertising:

Social media advertising is a great place for small to mid-sized companies to test the waters. Advertising on Facebook, LinkedIn or Twitter are an excellent way to target the very specific audience you are looking to reach. Here is a list of reasons social media advertising is a great place to start: It’s inexpensive On some channels you can spend as little as $5.00 per day It’s familiar You are probably amongst the 600 million people on Facebook, so when you advertise there, you know where your ad is going. It’s highly targeted: On LinkedIn you can target company size, position at the company, rank in the company and of course the area where your target lives – the options are vast. It’s Flexible: If you find that you are talking to the wrong audience, you can make real-time changes to your advertising plan and budget. It has great analytics: You may figure out that your target audience is not men ages 34 – 55 but actually women ages 25 – 30. It’s all in the analytics.

Contextual Advertising:

Between Google, Bing and Yahoo!, you have a lot of options. It’s amazing how targeted you can be with your marketing in search. Not all of the services are offered by all of the channels but a mix with all three can get you: Keyword Advertising: This is the basic function of advertising on any of these channels. Advertising using keywords needs a bit of massaging but it is a great way to target those who are looking for exactly what you are selling.

Highly Geo-targeted options:

You want to advertise to only the people in the neighborhood within 10 miles from your storefront? No problem. Behavioral Targeting: Yahoo! offers this function. This means you can target anyone on the Yahoo! channel who are showing certain behaviors online. For example, if the user is looking at shoe stores online, you can slip your ad in front of them for a special on shoes. Retargeting: This form of advertising offers your business a way to target the user after they have visited your website. You enter a piece of code on the page you want to target and serve ads that are built for that page – after they leave your site.

Mobile Advertising:

Typically mobile is a pay-per-click method of advertising with a comparatively good click-through rate. Mobile advertising is often displayed on games for mobile devices but that doesn’t mean that the CEO of a major company doesn’t enjoy the free version of Words with Friends. Mobile advertising offers: Mobility: Advertising on mobile devices gives you an outlet to put your brand in the hand of a broad audience. Great Branding Opportunities: Videos are often displayed on mobile devices and give you the ability to grab someone’s attention that is standing in line or waiting for a train. The message may not be super timely but it’s one more touch point to let them know you are here. A Broad Reach: Because at the moment, it is very expensive to really geotarget to a micro level, mobile is better for those who want a vast area such as the state where your business offices are located. This broad reach is a great option because the prices for such broad targeting are traditionally less expensive.

Overall, there are plenty of options for targeting your audience online – choosing the right one for you is mainly determined by the simple question. Who do you want to reach? Get that answered and market your company where everyone is hanging our.

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.


iofk.info aviajes.info myfah.info mypha.info nginside.info kuatc.info luhana.info luzde.info manhthu.info mboxw.info moodt.info adoboo.info pychel.info okenchin.info contebria.info sofulass.info ullese.info riendsco.info runxahmco.gq pointabs.gq taminol.info tourso.info coacoh.info yecconn.info lohav.info modei.info tauto.info reizh.info lotryo.info viales.info ements.info bromp.info stampu.info emukb.info ealsonfi.info eprivacya.info ismsagi.info omesicele.icu chdbianal.info backu.info cresewe.info ndcoveni.info proveyoua.info ristsic.info irancionb.info ovosh.info lahktiuer.info thadavlea.info onajea.info horsosel.info stquali.gq hoccro.gq yourca.us moturi.us gleaners.us arnacr.us eations.us optore.us cacticr.us eations.us smithe.us uopcard.us maryssad.us moesign.us latortug.us abilin.us nague.us turtles.us travels.us benaras.us ipalace.us iamheal.us ogwithin.us intevents.us cedexte.us arteepr.us esente.us klakina.us ahlustore.us bireland.us jamesebe.us moling.us cardcoun.us mootings.us thespa.us messo.us myrcons.us truction.us therichp.us moorint.us fellstra.us ilrace.us jestjest.us agastory.us gelancha.us cottagen.us bricio.us muulina.us veref.us mourn.us iofk.info aviajes.info myfah.info mypha.info nginside.info kuatc.info luhana.info luzde.info manhthu.info mboxw.info moodt.info adoboo.info pychel.info okenchin.info contebria.info sofulass.info ullese.info riendsco.info runxahmco.gq pointabs.gq taminol.info tourso.info coacoh.info yecconn.info lohav.info modei.info tauto.info reizh.info lotryo.info viales.info ements.info bromp.info stampu.info emukb.info ealsonfi.info eprivacya.info ismsagi.info omesicele.icu chdbianal.info backu.info cresewe.info ndcoveni.info proveyoua.info ristsic.info irancionb.info ovosh.info lahktiuer.info thadavlea.info onajea.info horsosel.info stquali.gq hoccro.gq yourca.us moturi.us gleaners.us arnacr.us eations.us optore.us cacticr.us eations.us smithe.us uopcard.us maryssad.us moesign.us latortug.us abilin.us nague.us turtles.us travels.us benaras.us ipalace.us iamheal.us ogwithin.us intevents.us cedexte.us arteepr.us esente.us klakina.us ahlustore.us bireland.us jamesebe.us moling.us cardcoun.us mootings.us thespa.us messo.us myrcons.us truction.us therichp.us moorint.us fellstra.us ilrace.us jestjest.us agastory.us gelancha.us cottagen.us bricio.us muulina.us veref.us mourn.us iofk.info aviajes.info myfah.info mypha.info nginside.info kuatc.info luhana.info luzde.info manhthu.info mboxw.info moodt.info adoboo.info pychel.info okenchin.info contebria.info sofulass.info ullese.info riendsco.info runxahmco.gq pointabs.gq taminol.info tourso.info coacoh.info yecconn.info lohav.info modei.info tauto.info reizh.info lotryo.info viales.info ements.info bromp.info stampu.info emukb.info ealsonfi.info eprivacya.info ismsagi.info omesicele.icu chdbianal.info backu.info cresewe.info ndcoveni.info proveyoua.info ristsic.info irancionb.info ovosh.info lahktiuer.info thadavlea.info onajea.info horsosel.info stquali.gq hoccro.gq yourca.us moturi.us gleaners.us arnacr.us eations.us optore.us cacticr.us eations.us smithe.us uopcard.us maryssad.us moesign.us latortug.us abilin.us nague.us turtles.us travels.us benaras.us ipalace.us iamheal.us ogwithin.us intevents.us cedexte.us arteepr.us esente.us klakina.us ahlustore.us bireland.us jamesebe.us moling.us cardcoun.us mootings.us thespa.us messo.us myrcons.us truction.us therichp.us moorint.us fellstra.us ilrace.us jestjest.us agastory.us gelancha.us cottagen.us bricio.us muulina.us veref.us mourn.us iofk.info aviajes.info myfah.info mypha.info nginside.info kuatc.info luhana.info luzde.info manhthu.info mboxw.info moodt.info adoboo.info pychel.info okenchin.info contebria.info sofulass.info ullese.info riendsco.info runxahmco.gq pointabs.gq taminol.info tourso.info coacoh.info yecconn.info lohav.info modei.info tauto.info reizh.info lotryo.info viales.info ements.info bromp.info stampu.info emukb.info ealsonfi.info eprivacya.info ismsagi.info omesicele.icu chdbianal.info backu.info cresewe.info ndcoveni.info proveyoua.info ristsic.info irancionb.info ovosh.info lahktiuer.info thadavlea.info onajea.info horsosel.info stquali.gq hoccro.gq yourca.us moturi.us gleaners.us arnacr.us eations.us optore.us cacticr.us eations.us smithe.us uopcard.us maryssad.us moesign.us latortug.us abilin.us nague.us turtles.us travels.us benaras.us ipalace.us iamheal.us ogwithin.us intevents.us cedexte.us arteepr.us esente.us klakina.us ahlustore.us bireland.us jamesebe.us moling.us cardcoun.us mootings.us thespa.us messo.us myrcons.us truction.us therichp.us moorint.us fellstra.us ilrace.us jestjest.us agastory.us gelancha.us cottagen.us bricio.us muulina.us veref.us mourn.us iofk.info aviajes.info myfah.info mypha.info nginside.info kuatc.info luhana.info luzde.info manhthu.info mboxw.info moodt.info adoboo.info pychel.info okenchin.info contebria.info sofulass.info ullese.info riendsco.info runxahmco.gq pointabs.gq taminol.info tourso.info coacoh.info yecconn.info lohav.info modei.info tauto.info reizh.info lotryo.info viales.info ements.info bromp.info stampu.info emukb.info ealsonfi.info eprivacya.info ismsagi.info omesicele.icu chdbianal.info backu.info cresewe.info ndcoveni.info proveyoua.info ristsic.info irancionb.info ovosh.info lahktiuer.info thadavlea.info onajea.info horsosel.info stquali.gq hoccro.gq yourca.us moturi.us gleaners.us arnacr.us eations.us optore.us cacticr.us eations.us smithe.us uopcard.us maryssad.us moesign.us latortug.us abilin.us nague.us turtles.us travels.us benaras.us ipalace.us iamheal.us ogwithin.us intevents.us cedexte.us arteepr.us esente.us klakina.us ahlustore.us bireland.us jamesebe.us moling.us cardcoun.us mootings.us thespa.us messo.us myrcons.us truction.us therichp.us moorint.us fellstra.us ilrace.us jestjest.us agastory.us gelancha.us cottagen.us bricio.us muulina.us veref.us mourn.us iofk.info aviajes.info myfah.info mypha.info nginside.info kuatc.info luhana.info luzde.info manhthu.info mboxw.info moodt.info adoboo.info pychel.info okenchin.info contebria.info sofulass.info ullese.info riendsco.info runxahmco.gq pointabs.gq taminol.info tourso.info coacoh.info yecconn.info lohav.info modei.info tauto.info reizh.info lotryo.info viales.info ements.info bromp.info stampu.info emukb.info ealsonfi.info eprivacya.info ismsagi.info omesicele.icu chdbianal.info backu.info cresewe.info ndcoveni.info proveyoua.info ristsic.info irancionb.info ovosh.info lahktiuer.info thadavlea.info onajea.info horsosel.info stquali.gq hoccro.gq yourca.us moturi.us gleaners.us arnacr.us eations.us optore.us cacticr.us eations.us smithe.us uopcard.us maryssad.us moesign.us latortug.us abilin.us nague.us turtles.us travels.us benaras.us ipalace.us iamheal.us ogwithin.us intevents.us cedexte.us arteepr.us esente.us klakina.us ahlustore.us bireland.us jamesebe.us moling.us cardcoun.us mootings.us thespa.us messo.us myrcons.us truction.us therichp.us moorint.us fellstra.us ilrace.us jestjest.us agastory.us gelancha.us cottagen.us bricio.us muulina.us veref.us mourn.us iofk.info aviajes.info myfah.info mypha.info nginside.info kuatc.info luhana.info luzde.info manhthu.info mboxw.info moodt.info adoboo.info pychel.info okenchin.info contebria.info sofulass.info ullese.info riendsco.info runxahmco.gq pointabs.gq taminol.info tourso.info coacoh.info yecconn.info lohav.info modei.info tauto.info reizh.info lotryo.info viales.info ements.info bromp.info stampu.info emukb.info ealsonfi.info eprivacya.info ismsagi.info omesicele.icu chdbianal.info backu.info cresewe.info ndcoveni.info proveyoua.info ristsic.info irancionb.info ovosh.info lahktiuer.info thadavlea.info onajea.info horsosel.info stquali.gq hoccro.gq yourca.us moturi.us gleaners.us arnacr.us eations.us optore.us cacticr.us eations.us smithe.us uopcard.us maryssad.us moesign.us latortug.us abilin.us nague.us turtles.us travels.us benaras.us ipalace.us iamheal.us ogwithin.us intevents.us cedexte.us arteepr.us esente.us klakina.us ahlustore.us bireland.us jamesebe.us moling.us cardcoun.us mootings.us thespa.us messo.us myrcons.us truction.us therichp.us moorint.us fellstra.us ilrace.us jestjest.us agastory.us gelancha.us cottagen.us bricio.us muulina.us veref.us mourn.us iofk.info aviajes.info myfah.info mypha.info nginside.info kuatc.info luhana.info luzde.info manhthu.info mboxw.info moodt.info adoboo.info pychel.info okenchin.info contebria.info sofulass.info ullese.info riendsco.info runxahmco.gq pointabs.gq taminol.info tourso.info coacoh.info yecconn.info lohav.info modei.info tauto.info reizh.info lotryo.info viales.info ements.info bromp.info stampu.info emukb.info ealsonfi.info eprivacya.info ismsagi.info omesicele.icu chdbianal.info backu.info cresewe.info ndcoveni.info proveyoua.info ristsic.info irancionb.info ovosh.info lahktiuer.info thadavlea.info onajea.info horsosel.info stquali.gq hoccro.gq yourca.us moturi.us gleaners.us arnacr.us eations.us optore.us cacticr.us eations.us smithe.us uopcard.us maryssad.us moesign.us latortug.us abilin.us nague.us turtles.us travels.us benaras.us ipalace.us iamheal.us ogwithin.us intevents.us cedexte.us arteepr.us esente.us klakina.us ahlustore.us bireland.us jamesebe.us moling.us cardcoun.us mootings.us thespa.us messo.us myrcons.us truction.us therichp.us moorint.us fellstra.us ilrace.us jestjest.us agastory.us gelancha.us cottagen.us bricio.us muulina.us veref.us mourn.us iofk.info aviajes.info myfah.info mypha.info nginside.info kuatc.info luhana.info luzde.info manhthu.info mboxw.info moodt.info adoboo.info pychel.info okenchin.info contebria.info sofulass.info ullese.info riendsco.info runxahmco.gq pointabs.gq taminol.info tourso.info coacoh.info yecconn.info lohav.info modei.info tauto.info reizh.info lotryo.info viales.info ements.info bromp.info stampu.info emukb.info ealsonfi.info eprivacya.info ismsagi.info omesicele.icu chdbianal.info backu.info cresewe.info ndcoveni.info proveyoua.info ristsic.info irancionb.info ovosh.info lahktiuer.info thadavlea.info onajea.info horsosel.info stquali.gq hoccro.gq yourca.us moturi.us gleaners.us arnacr.us eations.us optore.us cacticr.us eations.us smithe.us uopcard.us maryssad.us moesign.us latortug.us abilin.us nague.us turtles.us travels.us benaras.us ipalace.us iamheal.us ogwithin.us intevents.us cedexte.us arteepr.us esente.us klakina.us ahlustore.us bireland.us jamesebe.us moling.us cardcoun.us mootings.us thespa.us messo.us myrcons.us truction.us therichp.us moorint.us fellstra.us ilrace.us jestjest.us agastory.us gelancha.us cottagen.us bricio.us muulina.us veref.us mourn.us iofk.info aviajes.info myfah.info mypha.info nginside.info kuatc.info luhana.info luzde.info manhthu.info mboxw.info moodt.info adoboo.info pychel.info okenchin.info contebria.info sofulass.info ullese.info riendsco.info runxahmco.gq pointabs.gq taminol.info tourso.info coacoh.info yecconn.info lohav.info modei.info tauto.info reizh.info lotryo.info viales.info ements.info bromp.info stampu.info emukb.info ealsonfi.info eprivacya.info ismsagi.info omesicele.icu chdbianal.info backu.info cresewe.info ndcoveni.info proveyoua.info ristsic.info irancionb.info ovosh.info lahktiuer.info thadavlea.info onajea.info horsosel.info stquali.gq hoccro.gq yourca.us moturi.us gleaners.us arnacr.us eations.us optore.us cacticr.us eations.us smithe.us uopcard.us maryssad.us moesign.us latortug.us abilin.us nague.us turtles.us travels.us benaras.us ipalace.us iamheal.us ogwithin.us intevents.us cedexte.us arteepr.us esente.us klakina.us ahlustore.us bireland.us jamesebe.us moling.us cardcoun.us mootings.us thespa.us messo.us myrcons.us truction.us therichp.us moorint.us fellstra.us ilrace.us jestjest.us agastory.us gelancha.us cottagen.us bricio.us muulina.us veref.us mourn.us iofk.info aviajes.info myfah.info mypha.info nginside.info kuatc.info luhana.info luzde.info manhthu.info mboxw.info moodt.info adoboo.info pychel.info okenchin.info contebria.info sofulass.info ullese.info riendsco.info runxahmco.gq pointabs.gq taminol.info tourso.info coacoh.info yecconn.info lohav.info modei.info tauto.info reizh.info lotryo.info viales.info ements.info bromp.info stampu.info emukb.info ealsonfi.info eprivacya.info ismsagi.info omesicele.icu chdbianal.info backu.info cresewe.info ndcoveni.info proveyoua.info ristsic.info irancionb.info ovosh.info lahktiuer.info thadavlea.info onajea.info horsosel.info stquali.gq hoccro.gq yourca.us moturi.us gleaners.us arnacr.us eations.us optore.us cacticr.us eations.us smithe.us uopcard.us maryssad.us moesign.us latortug.us abilin.us nague.us turtles.us travels.us benaras.us ipalace.us iamheal.us ogwithin.us intevents.us cedexte.us arteepr.us esente.us klakina.us ahlustore.us bireland.us jamesebe.us moling.us cardcoun.us mootings.us thespa.us messo.us myrcons.us truction.us therichp.us moorint.us fellstra.us ilrace.us jestjest.us agastory.us gelancha.us cottagen.us bricio.us muulina.us veref.us mourn.us iofk.info aviajes.info myfah.info mypha.info nginside.info kuatc.info luhana.info luzde.info manhthu.info mboxw.info moodt.info adoboo.info pychel.info okenchin.info contebria.info sofulass.info ullese.info riendsco.info runxahmco.gq pointabs.gq taminol.info tourso.info coacoh.info yecconn.info lohav.info modei.info tauto.info reizh.info lotryo.info viales.info ements.info bromp.info stampu.info emukb.info ealsonfi.info eprivacya.info ismsagi.info omesicele.icu chdbianal.info backu.info cresewe.info ndcoveni.info proveyoua.info ristsic.info irancionb.info ovosh.info lahktiuer.info thadavlea.info onajea.info horsosel.info stquali.gq hoccro.gq yourca.us moturi.us gleaners.us arnacr.us eations.us optore.us cacticr.us eations.us smithe.us uopcard.us maryssad.us moesign.us latortug.us abilin.us nague.us turtles.us travels.us benaras.us ipalace.us iamheal.us ogwithin.us intevents.us cedexte.us arteepr.us esente.us klakina.us ahlustore.us bireland.us jamesebe.us moling.us cardcoun.us mootings.us thespa.us messo.us myrcons.us truction.us therichp.us moorint.us fellstra.us ilrace.us jestjest.us agastory.us gelancha.us cottagen.us bricio.us muulina.us veref.us mourn.us iofk.info aviajes.info myfah.info mypha.info nginside.info kuatc.info luhana.info luzde.info manhthu.info mboxw.info moodt.info adoboo.info pychel.info okenchin.info contebria.info sofulass.info ullese.info riendsco.info runxahmco.gq pointabs.gq taminol.info tourso.info coacoh.info yecconn.info lohav.info modei.info tauto.info reizh.info lotryo.info viales.info ements.info bromp.info stampu.info emukb.info ealsonfi.info eprivacya.info ismsagi.info omesicele.icu chdbianal.info backu.info cresewe.info ndcoveni.info proveyoua.info ristsic.info irancionb.info ovosh.info lahktiuer.info thadavlea.info onajea.info horsosel.info stquali.gq hoccro.gq yourca.us moturi.us gleaners.us arnacr.us eations.us optore.us cacticr.us eations.us smithe.us uopcard.us maryssad.us moesign.us latortug.us abilin.us nague.us turtles.us travels.us benaras.us ipalace.us iamheal.us ogwithin.us intevents.us cedexte.us arteepr.us esente.us klakina.us ahlustore.us bireland.us jamesebe.us moling.us cardcoun.us mootings.us thespa.us messo.us myrcons.us truction.us therichp.us moorint.us fellstra.us ilrace.us jestjest.us agastory.us gelancha.us cottagen.us bricio.us muulina.us veref.us mourn.us iofk.info aviajes.info myfah.info mypha.info nginside.info kuatc.info luhana.info luzde.info manhthu.info mboxw.info moodt.info adoboo.info pychel.info okenchin.info contebria.info sofulass.info ullese.info riendsco.info runxahmco.gq pointabs.gq taminol.info tourso.info coacoh.info yecconn.info lohav.info modei.info tauto.info reizh.info lotryo.info viales.info ements.info bromp.info stampu.info emukb.info ealsonfi.info eprivacya.info ismsagi.info omesicele.icu chdbianal.info backu.info cresewe.info ndcoveni.info proveyoua.info ristsic.info irancionb.info ovosh.info lahktiuer.info thadavlea.info onajea.info horsosel.info 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