Auctions are those events where properties or goods are sold to the highest bidder. Auctions are mostly public events, where bidders make a series of bids and purchase a particular item for a high price. During auctions, bidders decide the price of an item rather than the seller. It depends on bidders to decide the amount they would want to pay for a specific item. During an auction, a bid is a proof of a legal binding. Bidders agree to pay the amount that they have bid. In a high profile auction, bidders may have to pay a deposit in escrow accounts or give a proof that they can pay for those items.

Types of Auctions:

Different types of auctions take place around the world. Below mentioned are some types of auctions:

1. English auction:
This is a basic type of auction. In this type, people can see the item and then start bidding. Bidders slowly raise the value of their bid until everyone gives up. The highest bidder is the winner. An auctioneer manages an auction, keeps records of the on going bid and decides the winner. Sometimes, the seller will quote a minimum amount for an item to the auctioneer, below which the auctioneer cannot sell that item.

2. Dutch auction:
In this type, the auctioneer sets a particular price and then gradually lowers the price. People in public will start bidding and later decide which prices are suitable for the item. A seller may use this type of auction to sell large quantities of same products to the public. For instance, a seller may want to sell a large amount of hay and will thus, decide to sell this hay to people for the same amount, once a reasonable price is decided.

3. Silent auction:
In this type, the bidders in public will present their bids in a sealed format. These sealed bids open at the same time and bidder with the highest bid wins. There could be a modification in this type of auction. The bidders are allotted a specific period to bid. They can roam in a room displaying the items, and write their bids on an associated sheet of paper. The bidders are allowed to see bids of other bidders and can choose a higher price for an item. At the end of the allotted time, bidder with the highest bid is the winner.

Examples of Auctions:

Auctions can be of two types either public or private. Sellers may trade any kind of items in both types of auctions. Some areas where auctions take place are:

1. Antique auction: An antique auction consists of a trade opportunity as well as provides entertainment.

2. Collectable auction: In a collectable auction, the seller may put up collectables like coins, vintage cars, luxury, stamps, real estate, and luxury for sale.

3. Wine auction: In wine auction, bidders can bid for rare wine, which may not be available in retail wine shops.

4. Horse auction: Bidders can bid for young horses of the best breed.

5. Livestock auction: In livestock auction, bidders can buy pigs, sheep, cattle, and other livestock.

The other examples of auctions may not be public. These auctions are for bidders from corporate levels. Some examples of private auctions are:

1. Timber auction
2. Spectrum auction
3. Electricity auction
4. Debit auction
5. Environmental auction
6. Auto auction
7. Electronic market auction
8. Sales of business auction

Bidders in an auction need to examine the items displayed and decide an appropriate price for an item. Thus, auctions help buyers in getting the best deals and in gaining better profits for sellers.

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!

Are you interested in starting a home based business?

Starting your own home based business is a smart thing to do because it will enable you to earn income either part time or full time from home, take control of your financial future, give you more time with your family, ease the stress burden in your life and so much more.

But where do you start? How do you find a home based business that is right for you?

There are lots of work at home scams online today that will leave you broke before you can even ask “what happened?” This article will help you to find the right home based business by simplifying the search process.

Step 1 – Ask yourself the following questions
A. What are your hobbies?
B. What are your personal interests? Or what do you enjoy doing?
C. What are you passionate about?
D. What do you enjoy doing for family and friends?
E. If you could have a dream job what would you be doing now for a career?

Step 2 – Take an honest look at your answers to the questions from step one and search for a home based business that deals with something that you enjoy doing, are passionate about and could eventually see yourself doing as a full time career.

Step 3 – Once you find a home based business that excites you the next step is to do more research about the company. In doing your research I would use Google, work at home forums or blogs and last but not least the Better Business Bureau because the BBB will give you a report of that companies activities and let you know if the company has a good or bad reputation.

Step 4 – Make contact with a distributor or sales representative for that company. Once you make contact see if there is a pre-recorded presentation you can listen to, Webinar you can watch online or in person sales presentation you can attend. Don’t neglect this step because the more information you have about the company the better!

Step 5 – Before you join ask your recruiter or upline the following questions.
A. How long have you been with the company? If they have only been with the company for less than 6 months watch out because those people are only opportunity hoppers and have no long term success in the industry.
B. How much money have they made in the company? Can they provide documentation of their income? If they can’t or won’t provide income documentation watch out for people like this because they may be lying to you.
C. What type of training and support will they provide? Any company that you sign up with should provide you with the knowledge and support to get going because without adequate training you’re going to be left hanging.

Step 6 – Stay committed to your home based business. This is one of the most important elements that people lack when they join a home based business because the average person that gets involved in a work at home opportunity buys into the false claims on money they can make with very little work and when the business opportunity does not deliver on those claims they give up within 30 days or less and begin to seek another home based business opportunity. For true success in your home based business I recommend that you stay committed to it for a minimum of 90 to 120 days because this is a good bench mark to reach before you ask yourself if the business is going to work out or not.

Step 7 – Stay motivated! Another important thing that the average person lacks in starting their home based business is the motivation to stick with it. Here’s how you can stay motivated.

A. Find a mentor. This person should be someone who has achieved what you hope to achieve in your life. You want to find someone who has the answers to your questions and can provide you with the motivation and encouragement to keep going when you feel like quitting.
B. Hang out with positive people.
C. Start reading personal growth books. I recommend Anthony Robbins, Jim Rohn & Dale Carnegie.
D. Watch personal growth DVDs. You can easily find great personal growth video content on YouTube and just about everywhere else online.
E. Write out your goals and what you want to accomplish for your life.
F. Keep pictures in your house of the things you want to buy, places that you want to go and things that you want to do with your life.

I hope these steps will help you in finding the right home business opportunity and accomplishing all your goals and dreams!