Top 03 Free Digital Medias for Education in Pakistan

When one listen about YouTube in developing countries, its perception take him to kingdom of entertainment. It’s quite natural for someone to think about YouTube as gigantic source for watch free entertaining videos. During my parents-teacher meeting conducted for the students of higher secondary classes, when I told them about the use of YouTube as an educational source for their children. All of them were astonished.

I belong to Pakistan and I have been working as a computer teacher in a college since last 14 years. Like other developing countries we, majority of us, are far behind in the race of use of information technology in our children’s education. Mostly parents, due to lack of awareness, keep their children away from using internet in the classes of schools and early college. Although we have some dazzling stars children in the field of Computer and technology. Late Arfa Karim (Computer Scientist), Syed Sumail Hassan (Pakistani eGamer) and Rafay Baloch (ethical hacker) are few of them. Their parents pumped up their children and didn’t abide them to use digital media as a source for their education and positively they delivered he bestest services. Hence by giving awareness to the teachers, parents and students about the use of digital technologies in the learning process may increase their performance and bring many more starry performances as well.

1. YouTube as educational Source

As discussed in the starting, YouTube is not more than a collection of mixed quality of videos depicting the latest internet craze, painful-looking accident, music videos and entertainment videos. This is truly a misconception and underestimation of this real potential of YouTube that I consider is best, free and cheapest source of education. From how-to instructional videos to TED talks videos from experts, YouTube is the most significant educational source this time for Pakistan and other developing countries.

The raw statistics about videos being watched on YouTube are astonishing. With over 100 hours of content being uploaded every minute, peoples of in 61 countries around the world approaching and more than 10 billion hours are being watched per month. The statistics about educational videos are so healthy that more than 400 millions of people around the world are shaping up to be a new educational course. A growing number of free educational channels like thenewboston and theITeducation are providing anyone, anywhere, access to a huge collection of almost any topic videos that one can need in education. This is a lucky and happy news for the people in developed and especially developing countries as the peoples of developing countries like Pakistan perhaps could not have sufficient budgets.

Schools and universities are integrating free video platforms like YouTube into their classrooms. Sessions are produced either by content developers or by the teacher/lecturer themselves, using a webcam and some easily learnable software, and uploaded to YouTube. The link is then embedded in the course website where the students can watch it on demand. These videos can be public or private.

2. Educational mobile Apps

Mobile are now evolved to smartphones and has become the part of daily life of parents, teachers and students today. This new technology might also be used as an education tool using modern, simple and versatile educational apps. Mobile apps like Edmodo, Khan Academy are providing collaborative, interactive and planned learning possible on figure tips. These advanced gadgets are being used in classrooms to integrate the books, tests and quizzes. It motivates students about the ‘Learning Study’ from vocabulary learning to literacy skills and build on comprehensive knowledge. Worldwide researcher has found that younger people are utilizing smart-phones with emphasis on iPhone, iTouch apps and widely contributed through iBook Textbook. This has boosted the skills of scientific inquiry with content development and active and productive learning. It has rightly been termed as ‘Learning with Technology’ that has produced excitement for learning with an increased sense of self-confidence, pride in their abilities and hope for a spectacular future.

3. Virtual University TVs

Educational technology is the application of scientific knowledge about learning and conditions of learning to improve the effectiveness and efficiency of teaching and training. TV is one the most commonly used device for educational technology. It plays important role in making learning-teaching process interesting, objective and scientific. It brings appreciable change in behaviors of pupils and teachers. In Pakistan, the world’s first virtual university was established in 2000. Virtual University of Pakistan launched its own four TV channels. All lectures of different subjects are broadcasted on these channels that are telecasted by Cable TV network all across the county. It is mandatory by Govt. of the Pakistan for every cable TV operator to broadcast these channels. All the devices are provided to these operators free of cost. But unfortunately, students are not using this facility. All lectures are recorded by PhD professors which are free on air to watch for everyone on free of charge. Parents, students and teachers must tell their students to take help from these TV channels.

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Have You Started Your Home Based Business Yet?

People who desire to have a home based business often have a purpose for becoming an entrepreneur. Time, freedom, and money are core motivators in finding the best home based business to meet their needs.

Time.

You may have the most prosperous career as far as intellectual challenge, success among your peers, or CEO income, but not have the time you want for your self, family or children.

Have you asked yourself, “Is this worth it?”

When you begin to reflect back, do you feel like you have sacrificed your children’s lives on the alter of success, and really all you wanted was to be with them, influence their lives, and built a precious relationship with them?

Fifty to eighty hours a week for a career was acceptable at one point in your life, but how do you feel about it currently? What has changed?

Do you want time now, and are looking for ways to achieve it?

Are you considering where to cut back, what to cut out, and how to find that time you want for the people or things in your life that are most important to you. Make a shift now.

Freedom.

You must make decisions to create freedom. You probably are thinking, “How did I get here?” Is where you are now, what you envisioned your life would be like when you were a young child, teen or young adult?

What happened to your dreams?

Are there changes you can make to get back on course? To get to the moon, a pilot has to make continual corrections to get back on course. When are you going to make corrections to get back on your course?

Imagine what your freedom would feel like.

What do you REALLY want to do… travel, help others, or make money from home with a business that is more of a hobby than work? Would you rather do something you like to do, that is challenging, and where you no longer are just living for lunch break, or for the weekends only?

Initiate steps that position yourself for the freedom you seek. Take back control of your life.

Money.

Money is a medium of exchange, and your means of survival.

In these economic times, most people would like to eliminate their debt. Once out of debt, what new habits can you create so you don’t repeat a cycle or habit that created the debt? Was it lack of financial education? Are you looking for ways to create private wealth management get out of debt? Choose to remedy the situation by financially educating yourself.

Commit to personal responsibility: The buck stops here.

The adversity you experience is preparation for greatness.

Solutions are available; you just have to ask the right questions, and surround yourself with the right people who have the answers you need.

As far as money is concerned, an honest man is the one who knows that he can’t consume more than he has produced in value to society. The more value you give to society, the more you are compensated. Increase your value, and you will increase your compensation.

With the increased compensation, you will have the freedom and ability to do more for your family, loved ones, friends, charities, and other people.

As you develop your work at home business, and begin to create the most important things for your life, namely time, freedom, and money, you will realize that the greatest value is in who you are becoming on your business journey.

Bloom now in the best home based business journey for you.

Doris Hullett

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Home Based Business – Future of the Business World

Home Based BusinessesFor most of us, owning one’s own business remains but a dream. However, for those of whom who dare to take the plunge, home based businesses are proving to be just the right opportunities that they required to unleash their experience for personal gain. There are many home based businesses like candle making, tailoring, library, copywriter, insurance agent, franchisee, etc. However, the main drivers of freelance business opportunities have been internet marketing and affiliate programs. In order to be successful in a home based business, one has to have the following attributes: Jack-of-all-trades, self motivator, setting of own schedule, good goal setter, ability to balance work and family.Affiliate ProgramsAs more and more companies are entering the virtual space, affiliate programs have risen in popularity as a potent tool for internet marketing. Assigned affiliates get rewarded for directing adequate traffic to the company website.”In the poker niche, some poker sites pay you $300 for each player you recruit. Mortgage institutions may pay $75 for every lead, that is, your visitor does not even have to take a loan for you to be paid.”The above are just a few examples of successful affiliate programs. What clicks for affiliate marketing programs is that they have a gigantic market at their disposal. The internet has world wide reach and if one reaches a fraction of people, then one can make boundless income by affiliate marketing programs.However, one should not make the mistake of quitting one’s present job in order to start an affiliate marketing business. Making good money on the internet is never easy and it depends upon the business model and product/service one chooses. On the other hand there are also people who live out of their affiliate businesses.In order to start an affiliate business one needs to follow the following tips to be successful:

Build a site, if there is none.
Sign up, with successful affiliate programs, connected to
one’s business.
Provide links to the affiliate programs through one’s
website using person tracking links.
Generate traffic to one’s site.
Compel visitors to buy products advertised on one’s website.
The most profitable affiliate markets are poker, mortgage and education. In times of low profits, the one thing that makes an affiliate business click is personal motivation. One should work in an area one identifies and cares for. This will help one survive when the business does not make money.

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Home Based Business Opportunities – You Will Only Fail If You Quit

Becoming successful in the home based business industry will depend on how long you stay in the game before you decide to pack it in. Really think about that for a minute. Most who have packed it in before quit because they believed that success with a particular opportunity or the industry in general was “Not For Them”. This is just a very poor excuse or limiting belief.Most of the people who get involved in this industry are employees who are used to getting paid for their time with a steady pay check weekly or bi-weekly. In order for success to come to you, you will have to live in the ‘unknown’. Better yet, you will have to learn how to trust in the unknown.The problem with most people who quit is that the pain of waiting and not knowing when success was going to come greatly out weighed their desire. If your desire is strong enough in the first place, it will keep you focused long enough until success comes knocking on your door. It takes a lot of strength in order to become an entrepreneur. There is so much that you will have to learn and go through. Here are is a list of things that you will have to overcome in order to stay focused and not quit:1. Lose the Guilt:In order to build a business, you will have to spend time away from other activities and even family. This doesn’t mean to neglect your family. This means to schedule time for your business everyday. Most people that are building a home based business have full time jobs that are already taking time away from their family. You will have to stay focused on your goals long enough to start seeing results. Don’t feel guilty because in the end, your family will gain from your success. If you build your business for them more than for you, things will start to happen.2. Patience:Anything great does not happen overnight. Your success will take some time. Keep focused and remain patient. It will happen if you do one thing. “Don’t quit”.3. Consistency:Spend time everyday on income producing activities. What ever you do that actually moves you forward towards your goals like building traffic and leads, do more. What ever doesn’t make you money like checking your emails or playing FarmVille, do less.Not everyone can have success in this industry. However, everyone who holds their course will arrive at their destination. You will become successful if you do not quit.

Internet Home Based Business – Will it Help My MLM?

The internet home based business is a growing industry and one that is here to stay. Believe it or not, many people today are building an internet home based business to help grow their traditional MLM. If you are struggling with your MLM, you can do it too. Let’s show you how.First let’s look at the failings of building a traditional MLM. I think MLM’s are a wonderful business. Having been involved with an icon in the MLM industry I know how hard it is to succeed in the MLM industry. There is a stigma involved with the MLM industry and for whatever reason, many people are just negative to the idea. But the fact remains, many people today want to be involved in some form of home business. The other fact is many millions of people are on the internet every single day looking for an online or home based business opportunity.What is the main draw back to the traditional MLM? We can sum this up in one short sentence. The answer is, finding people who are truly looking for an opportunity. Even despite the stigma of the traditional MLM icon, if you find someone who is truly looking and can set them down to honestly look at the opportunity; they will almost always see it. But the drawback is, you can only approach so many people in a given amount of time. You have to weed through the non lookers to find the legitimate lookers. And usually the case is before you find enough people to build your business, most people will burn out. So how do you efficiently find legitimate people who are really looking to build their own business from home? The answer, build an internet home based business and advertise for them.The key is to get them to come to you, and you can do that with an internet home based business. Remember, there are many millions of people on the internet every day looking for a home based business opportunity. Wouldn’t it be wonderful if just a small percentage of them would seek you out for your opportunity? If only a small percentage of those got in with you, that is a lot! And remember, there will be many more millions online looking again tomorrow! So, how do we find these people?You can find them by building your own online business. Let’s say you had a hundred or so small sites on the internet that were seen by hundreds if not thousands of people every day, and you had a small add for your opportunity, don’t you think some of those people would get a hold of you to see what it was all about? And remember, those sites would be working for you twenty four hours a day, seven days a week three hundred and sixty five days a year. There’s no way you by yourself could do that. And just what if you could be making a high six figure a year income with those sites apart from your traditional MLM? Wouldn’t that be incredible too?Well it can be. We can teach you how to build a successful internet home based business that will do all that and more. It all depends if you are teachable and willing to work from home in your spare time to create this business. The internet is a growing industry, and there are billions of people a day on the internet searching for something. Why not learn how to capitalize on it too?

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How To Finance Your MLM Home Based Business Through The Government

So you just started your MLM home based business and you’re wondering how you are going to finance it. You need to pay for advertisement either through traditional advertising or on the internet. From promotional materials, product samples, internet access fees, website fees, business cards, etc. it can add up to a reasonable sum in a hurry. But don’t stress it. All these expenses normally can be 100% tax deductible. In fact any expense you can incur in the pursuit of your home based business is probably tax deductible. The biggest deduction to your business may be the keys to your car. Many who have a MLM home based business can honestly and legally deduct $4,000-$5,000 or more a year. All you need to do is keep a 90 day log once a year showing destination, date, purpose, and miles traveled for each trip. These are the only records you need to keep. Even family trips may be tax deductible for your business. Yes, you can combine business with pleasure if you know the rules. Travel costs, hotels, ground transportation, tips, all can be 100% tax deductible. Even 50% of all meals can be deductible. For your vacation to qualify for a deduction more than half of the days you spent on vacation need to qualify as business days. Travel days be counted as business days. Any meetings no matter no matter how long they last count as business days.The health care costs for your entire family can be tax deductible from your home based business. Regular taxpayers can only deduct health care costs that only exceeds 7 1/2 % of their taxable income. Owning your own business gives you the option for writing off non-reimbursed health care costs for you and all of your family members.Your probably thinking, “yeah this is great but I don’t want to wait until April 15 to get my refund”. Fact is, you don’t have to wait until April 15 to benefit from the tax savings. You will be able to collect your additional refunds throughout the year. This is how it works. If you have $1,000 per month withheld from your regular job you will be increasing your refund by about $4,800 a year. That would mean you now need to have $400 less per month withheld from payroll taxes.So how do you qualify for these MLM home based business tax deductions. There are only three basic requirements needed to qualify for home based business deductions. 1. Be trying to produce a profit. 2. Work your business on a regular basis. 3. Keep good records. Note: you don’t need to make a profit to qualify for these deductions. You just need to be working toward making a profit.A final disclaimer- I am only a MLM home based business person like you so be sure to consult a licensed professional accountant before implementing these deductions when doing your taxes. I am only giving you tips and ideas on how to get started on creating a very profitable home based business. Wouldn’t an extra $400-$500 a month get you started on a profitable business venture. I’m sure it would!Get my 7 free training tutorials that are packed with some of the best MLM strategies all in simple step by step instructions.

Small Business IT Components and Choosing Small Business IT Support

Choosing your Small Business IT Support provider should begin with an understanding of the major components your IT system. Essentially, these components are what your small business will run on. There are components and software that can give you competitive advantages, make a good impression on new clients, and help you grow your business. Let’s look at the major components of your small business technology. 1. Workstations: Each workstation, or computer, is a productivity unit. Your team members need reliable machines to service your customers and contribute to profit margins. Each workstation is also an entry point to your network. Keep your data & client files safe with sound computer & network security.2. Networks: Networks are how your workstations are connected. They can be physical, with routers and cables, or virtual, like in cloud services. Network security is important to protect your data. For physical networks, network monitoring services can allow your IT technicians to be alerted when a problem is brewing, and have automated software, or your technician, correct the problem, before it interrupts your productivity.3. Servers: Like networks, servers can also be physical, or virtual servers (cloud computing). Servers empower you to do everything from housing and sharing data amongst your team, to serving email, syncing smartphones and more.4. Business Telephones: Clients call and you must answer. You must have enough business lines for clients to get through to you without frustration. Depending on the size of your business that may be 1, 4 or more lines. When a caller can’t reach you, voicemail is expected, and thus, it is a feature every small business should have. Additional features that can make your business look impressive, and ease caller frustrations could be auto-attendant, dial by extension, custom recorded greetings and messages. VoIP telephone systems offer all these features, and cost a fraction of traditional telephone lines. Every small business should at least consider and review VoIP as an option for their telephone needs.5. Mobile Phones, Laptops, Home Users & More: The way we work today is different from the way we worked twenty years ago. Your network is accessed by employees and team mates in locations outside your actual physical office. Small business owners should consider how they work before choosing what type of server or network to set up. More companies, even small businesses, are moving towards virtual servers and networks which allow team mates to work more easily from remote locations.6. Software & Critical Applications: From the ubiquitous to the highly specialized, every business uses a unique set of software to meet their needs and client demands. Often, the applications are purchased at various intervals of business growth, and don’t always integrate well.Many businesses suffer from data leaks and work flow cracks, making it difficult or impossible to use their data effectively. Before purchasing software or investing in Software As A Service (SaaS) for your present needs, try to visualize your future needs. Then consider if the software you are considering can serve you today and in future. How “scalable” is it? Can it grow with your business and integrate into your systems?If you are a small business owner who manually makes lists of clients now, and follows up via these manual lists (or post it notes on your desk, or scratch pads of to-do items), will that type of “business system” serve you if your client base was to grow by 10%? How about by 20%? Chances are that software exists to automate this “business system” and help you better manage client needs. This improves customer satisfaction, and eventually, client base growth.IT improvements can help your small business be more responsive, more agile, competitive, and successful. It doesn’t need to be difficult. Whether you are just starting out, or have been operating for a few years, why not pencil some time in to your calendar to review your IT needs, and consider where IT improvements can be made?Simply review your current systems and your needs. Consider your needs if you were to grow or get 10% more clients, and then 20% more clients. Make a “Need To Have” and “Nice To Have” list for your business, and call around to get some guidance and quotes. You can then begin planning for better IT and a more successful business.

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5 Important Tips To Excel In Home Based Business

Who doesn’t want to be a boss? A home based business gives you the chance of being a boss of your own business and flexibility to work without being away from your family. Work from home is a good concept for moms, retired persons and for unemployed youth.

When we conduct a search online, there are a number of excellent home business opportunities out there. As it is true that every business requires planning, there are particular aspects that need to be considered carefully before starting a home based business.

1. Evaluate Each Business Opportunity w.r.t Suitability:

A basic research is necessary. Indeed one can find a large number of places to search for the best home based businesses, including magazines, business publications and the internet. Out of which, the information on Internet is the best bankable source. No doubt, Internet is the home to a number of excellent home based business opportunities, but it is important to carefully evaluate each business opportunity for suitability.

2. Plan A Successful Home Based Business Based On Your Interest:

Thanks to the supremacy of the internet it is no longer necessary for every business to have mass appeal. One can excel in their niche businesses. Chances are high, if one can create a successful home based business centered on his interest.

3. Know About The Home Based Business:

After you have determined which type of home based business is suitable for you, then know about the business to make it easy for you. Any first hand information or review could give you more information.

4. Test The Home Based Business Idea:

As every business involves risks and thus failures, so it is necessary to conduct feasibility study even on home based businesses. Figure out the profitability of business on varying parameters like time, money and other important resources.

5. Check The Legitimacy Of Home Based Business:

Don’t fall under the prey of work at home scams. There are many home based business scams that attract people and cheat them. So after conducting all feasibility studies and undergoing the proof tests, check the legitimacy of the home based business.

If your favorite home based business passes all the tests, then it is sure that you could make the home based business dream, a reality. Get the support of your family and be with them when they need it with the aid of home based business.

How NOT to be a Small Business Failure Statistic

There were about 146,000 business startups a year, and an average of 12,000 business bankruptcies per year from in Canada. A Statistics Canada study on small business failure rates “Key Small Business Statistics – January How Long Do Small Businesses Survive?” found that the first few years were critical. While almost three quarters of small business startups survive the first year, less than one third of micro companies (less than five employees) were in business after five years.

These statistics by themselves may be of little value to you directly. We know how many small businesses survive and for how long, but it’s far more important to know why some survive and others do not. There are a lot of studies on small business failure. Searching “reasons for small business failure” with quotations on Google will give you almost 700 results (about 38 million without!). “Why small businesses fail” will give you almost a thousand.

The study by Statistics Canada “Failing Concerns: Business Bankruptcies in Canada found major internal factors of small business failure was management deficiency, financial management problems and poor marketing.

The Small Business Administration study “Financial Difficulties of Small Businesses and Reasons for Their Failure” in found several causes of small business bankruptcy: outside business conditions (38.5%), financing (28%), inside business conditions (27.1%), taxes (20%), disputes (18.8%), personal calamities and other (32.9%)

There is a wealth of information on this subject, but what are the common factors? There are four basic areas:

External factors

External factors include new competition, your major client moving out of town, poor weather if you’re a seasonal business, or economic downturns. They’re often largely out of our control, and may be unique to your particular company, but there are often ways to mitigate them. For example, if you have a seasonal business, such as a landscaping company (at least up here in the cold north it’s seasonal) you could buy a bobcat to provide income during your off-season with snow removal. The bottom line is, have a contingency plan for external factors that could have a negative impact on your small business success.

Lack of management

Big companies have the luxury of being able to hire several people to get all the jobs done that need to be done, but chances are you’re going to have to do it all yourself, at least for awhile. That means you’re not only going to have to develop your product or service, you’re also going to have to make financial, accounting, legal, marketing, human resources, and purchasing decisions.

You may do some of these tasks very well, but it’s unlikely that you do all these tasks well, and even if you do, you might want to contact a lawyer and an accountant at the very least. And, research, research, and research some more, and when you’re done researching, find an expert or two bounce ideas off and give you solid advice.

Lack of planning

Small businesses often fail because of lack of planning. Let me make a bold statement: the single-most vital part of your business success is your business plan. Why? Simply put, your business plan specifically and concretely lists your goals for the next few years. It spells out, step by step, how you’re going to meet those goals, and gives you something to measure your performance against at the end of your business year.

Finally, a complete business plan helps you get financing and includes a marketing plan, which addresses lack of marketing and insufficient financing, two more often cited reasons for small business failure.

I have one more thing to say about business plans. It does very little good to write a business plan, put it in a drawer and never look at it again. That same 1997 Statistics Canada study we talked about earlier found that successful small business owners refer to and revise their business plans often.

Lack of marketing

Most small businesses seem to think it takes a lot of money to market their product or service effectively. That’s simply not true. There are many ways to market inexpensively. You could use direct mail marketing which is as cheap as a stamp, or email marketing, which costs nothing. The point is, you need to get your product or service “out there” somehow. You may have the best product or service out there, something completely unique from anything else, but what good does that do if nobody knows about it?

So there you have it–my thoughts on the main reasons why small businesses fail, and how you can avoid becoming a small business failure statistic by developing a contingency plan, consulting with experts, and developing and using a business and marketing plan.

If you are thinking of starting a small business, I’m most certainly not trying to discourage you. I sincerely believe being in business for yourself may possibly be the most rewarding career there is, but a little knowledge can go a long way towards arming you against small business failure.

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.

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