There are many benefits to owning a franchise home based business. That’s why so many people are looking into the many excellent home based franchise business opportunities available on the internet today. The categories of home based businesses to choose from virtually knows no bounds. From window cleaning to cosmetics, you name it, and you can find a home based franchise that sells it. Franchising makes it easy to start a business because rather than starting from nothing, a new franchise owner need only follow a proven business model to find success.Aside from this, there are many other good reasons to begin a franchise home based business. Not the least of these is the fact that you can run your business from home. Additionally, you can combine it with your day job for as long as you need to do both. In a short time, however, you should be able to drop your job and make a nice living with your home based franchise business. Naturally you will experience quite a bit less stress working for yourself at home, as opposed to traipsing back and forth to an office, job site or other place of business at the behest of a boss! Dealing with traffic on a daily basis is said to be one of the factors which is most negative on ones health, along with the numerous toxins in vehicle exhaust which are breathed in while on the road.You are sure to enjoy the personal freedom brought to you by owning your own home based business. The ability to make your own schedule, and set your own priorities, is unsurpassed in the realm of occupational freedom. In fact, you may find yourself more productive working at home than you have ever been in an employment setting. Consequently, a home based franchise business can bring you tremendous financial benefits, because you will be earning what you are truly worth, and not what someone else deems to be the suitable pay for the job. In addition, you have the potential to be earning a percentage of the efforts of others that you will bring into the business, therefore multiplying your income without having to multiply your valuable time. Not only can you make good money, but you can also save substantial expense previously spent on transportation, business clothing and so on.Owning a franchise home based business lets you spend quality time with the family you love, while earning a good living! With so many choices in franchise businesses available today, there is no reason why you should not choose your favorite and take the plunge!
3 Ways to Build Your Home Based Business Opportunity
Where are all the good people? I often get asked this question when new people first join me in a home based business opportunity. You see, we have been conditioned to follow the pack and do what everyone else is doing, even if its the wrong strategy. I see many leaders preach about duplication and follow along on how they made their fortune in network marketing. The problem with that strategy, is what worked well for them, may in fact not work well for you.In today’s article, I will outline 3 areas of where you can go to find and locate good quality people. Many people are probably familiar with the first two areas, but not necessarily realize the advantages of organic search results, especially if you are just starting out.1. Warm Market – Is this still a good way to build?We have all heard the stories about making a list of 25 or 50 people that you know, get some training and start calling them to build your home based business opportunity quickly. Hey, I am the first to suggest doing this only if you feel comfortable doing so. That may be a contradiction to the super star network marketers advice, but here me out.Let me repeat, call your warm market (circle of influence) if you are OK doing so. If you are not, then you will need to explore other effective ways to build your home based business. The fact is, you will likely utilize a variety of methods to build your business opportunity anyways. I am just tired of the 1 approach fits all mentality to this business. I am still in the trenches day in and day out. Over the years, I have found that I no longer want to approach too many of my friends. Its a personal choice, but one you should consider as you build a business.2. Social Networking Sites – Are they effective?Several years ago, I reached out and started working the social networking sites. I really knew little about the process and wanted to make sure before I tried building my home based business opportunity by this method, that I understood the rules and how to maximize my time. What I learned over time, you should never try and sell something to someone in social networking sites. It is far better to get to know people, make friends and in time, people will ask you what you do.I have seen too many people try and come in, make up a MySpace, Twitter or Facebook page only to fail. The problem is there approach. Their home page is a like an advertising billboard. Most people ignore them because they have become conditioned seeing them all the time. If you want to stand out, build a nice profile, without all the in your face approach and reach out daily to make friends. In the course of a year, you could have several hundred close contacts and some may even join you in your business.3. Organic Search Results – What is this all about?In the past couple of years, I had a desire to finally start learning about driving traffic to my websites via organic search results. The problem was I didn’t know, what I didn’t know. So after searching around, I found some good people to educate me on the fine art and science of SEO. You see, I believe this is by far the best strategy overall for my situation. But there are some really good reasons for it.During the past 10 years, I have been involved in a few home based business opportunities. I really never made a lot of money, but I certainly learned a tone of skill sets by some great mentors. The problem was after I made a decision to leave, I had to start over. Well, I’m tired of starting over each time and decided that if I went with another company, I would build my home based business much differently this time.I wanted to only build by organic search results. You see, what happens in 2 years down the road if the company I am currently involved in goes bankrupt, they change the compensation plan or I simply decide this is not a good fit for me. Well, what do I do if I build the traditional ways. You got it, I am left to start over yet again.So this time, via search engine optimization (SEO), I have decided that no matter what happens with Company A in the future, by having my websites at the top of the search engines, I will always be able to make money in a home based business. If Company A goes under, all I need to do is look for another company that I like, change the links on my websites and within a short period of time, I am back in business because of traffic coming to my website.Each of us has to decide what methods we should use to build our particular home business. For many people, they enjoy the one on one interactions, doing home parties and building by traditional methods. Hey, that’s OK with me too. Many people are choosing to go online and look for ways to make money. You need to take some time, educate yourself and understand there are pros and cons for each method. No matter which method you choose, understand it will likely take 2 to 4 years before you make any serious money. None of the methods are instant wealth creation methods, but rather long term viable options.Make it a great day,Darrell Lischka
Hiring An Auction Company
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.