Starting an internet home based business would have never been so easy if we think of a situation just a decade back. These days, millions of people use internet on a daily basis for finding solutions to their problems. Some searches are to find solutions for debt problems, some for mortgage problems, and others like employment problems, healthcare issues, travel solutions etc.Nowadays there are lots of business opportunities in the market and you can choose the one that suits you the best. What matters the most is how well you perform and take your business ahead.People tend to get carried away with the tall claims made by the big Guru when it comes to business promotion but it is important to act wisely and follow something which is practical and feasible. Only then you will be able to generate profitability in your business.Success is a Journey, Not a DestinationA wise person had rightly said that success is a journey and you will need to follow it all through your life. You will succeed only if you take little but careful steps. What does it mean by taking small steps in the journey towards success?It means continual learning and applying those lessons in your home based business. That is the fastest way to achieve success. It doesn’t mean that it is an easy process and that you will get the results overnight.Doing Simple ThingsIn order to achieve success in your home based business, it is important to be organized and do things systematically. Even if you are doing 5 posts on different forums daily, it can yield extremely good results if you do it on a regular basis. Spending an hour or two each day reading personal development books can help you to develop enterprenial skills.You may also submit 2 articles each day to directories and promote your business. Your little bit of efforts on regular basis will build a very strong platform for your business. The never stopping attitude and your strong commitment can keep bearing that flag of financial freedom.There is a surplus of useful small steps that can help you take action and it won’t even cost much of your time and money. In fact some of these methods to promote your internet home based business do not even cost money at all.Article writing, sending newsletters, submitting blogs in forums or social media sites etc on a daily basis requires no money but it can attract a lot of visitors to your business website.Once you have established your business, calling up your clients and updating them with more information can help you to build a strong relationship with them. Personally attending to their problems and getting their feedback on a regular basis can help you to understand their expectations from you.Make a list of 5 things you want to do tomorrow. Each day, make a list and work on it. When you organize your work, you will find ample of time to do other things. Identify your niche market and concentrate on building the marketing techniques to become successful in your internet home based business.

What is your primary aim for starting a home based business? Identifying it exposes your driving force which will determine your success in business. It is that which, more than anything else, gives you a sense of direction and purpose, motivates you to your highest levels of energy, and sustains you over the long haul. This article gives the need to discover your innermost reason for starting a business.What gets you out of bed and makes you work all day? There are numerous possible answers. It could be financial or personal freedom, status, power, competition, possessions and celebrity, influence, getting ahead, recognition, security and success, happiness, fulfillment or your children’s future. The list can go on and on. Understanding your driving force gives you the ability to actively shape your life rather than passively accept whatever joy and whatever pain happens to come your way.Many people worked towards success, attained it only to discover they are still unsatisfied and unfulfilled. Yet, there are others who, whether successful in the conventional sense or not, experience deep satisfaction and fulfillment. The difference being that the latter built his business with the primary aim on focus. Your driving force should lead you on how to choose a home based business.Your primary aim is centred round your core values, beliefs, and desires. Look inwards; check your emotions and feelings to discover what it is that propelled or are propelling you into starting a home based business. It is the force that will spur you on to stellar results, wise decisions and strong business relationships. It is a driving force that, when harnessed in your work life will make you more skillful and efficient and let you enjoy work more.Furthermore, your primary aim is the source of the vitality, the commitment, the vision you need to get the most out of your life and to create a remarkable business in the process. It drives you to take steps to enjoy and maintain personal freedom.Building home based business without the primary force is the reason why many people quit before achieving their goals. A search for your primary aim for business is the first step to how to keep on going with your online home-based business when you feel like giving up.I encourage you to stop working now, first discover your driving force and continue from there today. Acting immediately will crown your effort with satisfaction and fulfillment.

Estimating your assets value:

Typically, one of the first questions a business owner will ask me is, “how much will the assets bring at an auction”. After taking the time to review the assets, the auctioneer should give the client a conservative estimate of the sale based upon his experience and the current market trends. It is important that the company give realistic expectations so the seller can make informed decisions based on their best interest.

Compensation and Expenses:

Is the company you are considering working for you or against you? The agreement you decide may determine this.

A business owner should carefully consider how the auction company is compensated. The most common commission structures include: straight commission, outright purchase of assets, guaranteed base with a split above to both auctioneer and seller, guaranteed base with anything above going to auctioneer or a flat fee structure.

In a straight commission structure, the company is paid an agreed upon percentage of the total sale.

In an outright purchase agreement, the auctioneer simply becomes your end buyer. The company purchases your assets and relocates them. While this can be an option in some unique situations, keep in mind that they will want to purchase your assets at a very reduced price to make a profit at a later date.

In a minimum base guarantee, the auction company guarantees the seller that the auction will generate a minimum amount of sales. Anything above that amount either goes to the auction company or split with the seller. While a seller might feel more comfortable doing an auction knowing that he is guaranteed a minimum amount for his sale, keep in mind that it is the best interest of the auction company to secure a minimum base price as low as possible in order reduce their financial liability to the seller and secure higher compensation for the sale.

In a flat fee structure, the auctioneer agrees to show up for the sale and call the auction. There is no incentive for the auctioneer to get the best prices for your assets. The auction company is compensated regardless of the outcome of your sale.

What is the best option for business owners? In my experience, an agreed upon straight commission structure. This puts the responsibility on the auction company to offer the best outcome for everyone involved. There is an incentive for the auction company to work hard for both parties, set up and run a professional sale, get the highest bid and sell every item on the inventory. Successful auctions translate to a higher bottom line for both the seller and the auction company.

Auction Expenses:

In most auction agreements the expenses to conduct an auction are passed to the seller. If the auction company pays for the expenses, it is simply absorbed in higher commission rates.

All expenses should be agreed upon in advance in a written contract. Typical expenses will include the costs of advertising, labor, legal fees, travel, equipment rentals, security, postage and printing. A reputable auction company will be able to estimate all expenses based upon their experience in previous auctions. An agreement should be actual costs charged as expenses, not an estimated amount.

Advertising is typically the highest cost in conducting an auction. The auction company needs to set up an advertising campaign that will promote the sale to its best advantage and not overspend to simply advertise the auction company.

Once the auction is complete, the auction company should provide a complete breakdown of all expenses to the seller, including copies of receipts within the auction summary report.

Buyer’s Premium:

What is a buyer’s premium? If you attend auctions regularly, you are very familiar with this term. The auction company charges a fee to the buyer when they buy an item at auction.

The buyer’s premium has been around since the 1980′s and is standard auction practice. It was first used by auction houses to help offset costs of running brick and mortar permanent auction facilities. Since then, it has spread to all aspects of the auction industry. It is prominent in online auctions and allows auction companies to cover added expenses incurred from online sales.

It is the responsibility of the auction company to provide clear disclosure of the buyer’s premium to both the buyers and the sellers. Those not familiar with auctions are often taken back by the buyer’s premium. They looked upon it as an under handed way for the auction company to make more money. Reputable auction companies will provide full disclosure within the auction contract, advertisement and bidder registration.

Typically, an auction company will charge online buyers a higher buyer’s premium percentage than those attending an auction in person. Extra fees are incurred with online bidding and are charged accordingly to online buyers. This provides the seller a level playing field for both online buyers and those attending the auction in person. Without the buyer’s premium, there is no way to do this.

Pre-Sales:

We’ve all been there. We’re looking forward to attending an auction only to find that some items were sold prior to the auction date.

As an auctioneer with over thirty-six years of experience, I can honestly state that pre-sales will hurt an auction. When a company decides to liquidate their assets, it is easy to sell off high-end pieces of equipment through online sources, equipment vendors or to other businesses. The seller receives instant cash and avoids paying a commission to an auction company.

Auctioneer’s find themselves appearing to acting in a self-serving capacity when potential clients say they are planning to sell off parts of their inventory prior to an auction. It’s hard not to consider the auctioneer’s commission when they warn you not to pre-sell anything. Yes, the auctioneer wants to earn a commission on those sales but it is more important that the auctioneer protect the sale from potential negative backlash that comes from pre-selling. The buying public knows when an auction has been “cherry picked” prior to the sale and it reflects in their bidding. It becomes a sale of “leftovers” and that impacts prices.

A buyer who purchases prior to the auction usually does not attend the sale. They already bought equipment at a good price with no competition. If they do attend the auction, they tend to let others know of their great pre-sale purchases which again, impacts prices and the overall excitement of the sale.

It is important to understand that auctions work best with a complete inventory. You want competition on your higher end equipment. The easy to sell items make it possible to gain respectable prices for hard to sell items.

When a business owner decides to liquidate their equipment assets, there is only one opportunity to do it right. Hiring a reputable auction company will assist you with a professional, orderly and timely liquidation.