When you start a home based business online there are 3 keys to success. You need to know that you are involved with the best people and the best opportunity that is right for you. You need to brand yourself and tell people your story and what your all about. You need to develop a millionaire mindset and become mentally bulletproof.When you are looking for opportunities to start a home based business online you want to make sure you have the best information, and that you are involved with the best people. There is a lot of junk on the internet, and that can lead to overwhelm and frustration. The smartest way to find a quality online business opportunity, is to do good research. When you have found something, I suggest searching for the company name on Google and searching for blogs of the people who are involved in that company. Get to know their story and what they’re all about.Once you are happy with what you have chosen it is time to start your business. The key to success when you start a home based business online is “Personal Branding”. With all the junk on the net people need to feel that it’s a real business and they need to feel excited about joining that business. Just like you did, they will do their research on you and your business. When they find you and what you are offering, you need to tell them about “You”. E.g. Where you came from, What your goals are, and what your all about. Tell them your story, let them get to know who you are.Without a doubt the biggest challenge newbies face when they start a home based business online is their mindset. The majority of people who search for business opportunities online have a lottery mentality, they want to make BIG money with little to no effort. Other people have excuse-itis, they constantly make excuses why they cant succeed. Make no mistake, an online business, is a real business and requires hard work to succeed. If you want to have a highly successful online business, and make big money, you need to develop a “Millionaire Mindset”. The way to do this is to constantly feed your mind with personal development materials. You need to only allow positive energy in your world and you need to weed out all the negative energy in your world.3 simple things to start a home based business online:1. You need the best information and opportunity
2. You need to get your name out there and show yourself to the world. And…
3. You need to develop an unstoppable mindset, a mindset that empowers you and pushes you towards your goal.

One of the foremost determinations you are going to need to make when you are thinking about starting a home based business is whether or not you are going to operate it on a full time basis or on a part time basis. For some professionals, you will be required to work full time in order to launch your business. If you are operating a small business from home in your spare time then you will not need to commit nearly the same amount of time or energy in regards to launching your new business venture. This is especially true if you are starting a business that sells products online. However, if you intend to develop a service based business then you may need to commit a substantial amount of time and capital towards developing your brand name for your home based business. As we have discussed in some of our previous articles, you should focus substantially on the benefits as well as the drawbacks to starting a home based business.Beyond the time factor that is involved with determining whether or not you should start a home based business, you are also going to need to examine the capital costs involved. Although you are not going to be starting an office, you are definitely going to need to have a computer, establish a website, obtain business cards, and have a clearly defined marketing budget. However, while these may seem like large expenses, we have seen home based businesses launch their operations for as little as $1,000. As such, prior to starting this type of business enterprise you may want to focus on developing an appropriate budget that outlines both your anticipated expenses as well as your expected revenues. In many instances, it may be in your best interest to develop a business plan specific to your industry. Within this business plan you should focus not only on the start up costs, but also on your expected profit and loss statement, cash flow analysis, as well as your balance sheet. The more organized you are in regards to your business the more likely that your home based business with be successful.Finally, you should work with your accountant to determine what type of corporate structure that your home based business may need prior to launching operations. This is important as their could be substantial ramifications if you do not launch this type of new business venture appropriately.

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.