An Overview on the Indian Distance Learning Education System

In a recent public appearance, while inaugurating the three day national workshop on distance learning, honorable Mr. S K Sinha, Governor Jammu & Kashmir, referred to the distance learning education system as the most suitable learning schema to reach remote areas. The special reference in the speech was towards provision of education, in the areas untouched by tradition classroom learning modules and thus appropriateness of this counter program. While the stated is certainly a wise call, however as an education seeker, there definitely is much more to analyze, before enrolling with a distance learning curriculum.

Before highlighting upon the nuances of distance education in Indian context, it is imperative to clearly understand the concept. Distance education, unlike the classroom learning system, enables the learning process between the educator and learners, while they are not physically present at a common venue. Communication happens over various channels including print, electronic, real time technology and more. In the present scenario, the advent of technology in this domain is rampantly increasing.

Pros and cons of distance learning with specific reference to the Indian education scenario:

The invisible bridge: Distance education is an evolving field with obvious merits. For those who for any reason cannot make it to the classrooms, distance learning is the perfect answer. It simply connects the two ends of education rope and thus simplifies the learning process.

Efficient system: Distance learning does not mandates physical attendance and thus saves on commuting and miscellaneous time heads. It is an efficient learning schema, which maximizes output in minimal time.

Apt for professionals: Distance education is especially convenient for working professionals, who cannot spare 2-3 years for pursuing full time higher education courses.

Host of options: Distance learning offers education curriculum over a host of learning streams to include higher education. Even the most reputed of education programs like IIT are soon to be added to the already extensive list.

Quality Concerns: Distance learning is a definite education enhancer, especially for geographies like India, where students from remote areas are unable to learn and thus grow. However, with lesser restrictions and almost negligible practical guidance, the quality aspects of the curriculum are highly questionable. The situation further worsens in developing nations like India, where even in classroom learning mode, the education quality is often compromised.

Infrastructural mismatch: Distance education has been a wonderful model in developed parts of the globe, where the most superior technology enabled tools disseminate the course nitty-gritty. However in India, even the basic online access is not available to majority. The mismatch would be explicitly apparent, if compared with aptly progressed nations, where distance learning is synonymous to online learning.

Lack of information: Distance education in India is still in nascent stages and as a growing concept, it is not perhaps being adequately nurtured. Aspirants are still not clear on the procedure and the communication channels are too loosely knitted. In such circumstances, the adequacy of the concept is gravely skeptical.

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Home Based Business Social Media Marketing Strategies

Home Based Business Owner have a wealth of opportunity because of the internet, more specifically, social media. Instead of making a list of your friends, family, colleagues, practically calling everyone in your cell phone, why not go on the internet and meet the millions of people searching for “home based business” or “work at home” or “make more money” opportunities? According to the Direct Selling Association, 75,000 people are searching home based businesses every week. As a home based business owner, you should be tapping into that market with a vengeance.

I understand some of the constraints of new home based business owners can be cash flow, or lack there of, there are many ways to get online that don’t cost a penny. For example, if you have a Facebook account, you can meet some of the 600 million Facebook Users. If you have a Twitter account, you can meet some of the 100 million twitter uses or if you have a Tagged account you can meet some of the 100 million users over there. Your first step is to create accounts at each of these social media outlets and start meeting people with like interest. The way social media sites are setting up now, it is going to make it incredibly easy to find your target market – which is home based business owners.

Make it a goal to meet a certain amount of people everyday. Let me tell you – when you first start, it is a grind. You won’t see any results for a while. But the rule is that if you consistently meet people and provide those people with value that can help them, you will start to see results in your own business. The fact of the matter is that many home based business owners are not consistent at all. If you can post a blog every day, or shoot a video, of some great content that will help someone else, you won’t be able to stop your business from growing exponentially.

If you are new, meaning under a year in your home based business career then make it a goal to create a blog and post on the blog everyday. You must implement other strategies that drive traffic (potential prospects on the internet) back to your blog. A key is to have as many websites linking back to your blog as possible. You can only do that through consistent posting to the blog. These are initial steps that you should take to grow your business. As always, there are more advanced strategies to grow quicker but the tendency for many new home based business entrepreneurs is to see all that the internet has to offer and try everything. If you want to fail, then that is your best bet. Learn one strategy and master it. See results with one strategy, then move on to the next.

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Internet Home Based Business – Filing Your Tax Return

If you are new to running an Internet home based business or even if you are an experienced entrepreneur, it is crucial to understand that you must file a tax return. Here are some tax tips and guidelines to make filing your next tax return trouble-free:First and foremost you need an accounting ledger booklet. You can deduct the cost of your mileage and the accounting ledger. Keep a mileage tracking sheet in your car and record all business related travel mileage.Keep Track of Household Utility CostsIf you have a room in your home that is used only for your Internet business and nothing else, you will be able to deduct a portion of your utilities. Yes, that is correct, home utilities such as gas, electricity and even garbage pick-up are allowable tax deductions. It is critical to keep your payment receipts in your accounting ledger.Other Allowable Business ExpensesYou will also be able to deduct payments to your Internet service provider. If you have a created a website that you paid for, you will be able to deduct costs for domain name and a hosting plan. Other allowable items could be anything you have purchased to maintain your business such as; copy machines, scanners, ink cartridges, office furniture and supplies.Advertising Expenses and Membership FeesYou can also deduct marketing and advertising expenses as well as home business opportunity affiliate membership fees.In conclusion, keep track of any money earned with your Internet business. Income earned has to be reported to the IRS as well. Be sure you keep track of all your mileage, utilities, office supplies and income in your accounting ledger. Do not be concerned about being audited by the IRS. If you have all supporting documents and filed properly on time, there is no reason for you to be audited.If at any time you are not sure about something when filing your taxes, by all means, seek the services of a tax professional for your Internet home based business.

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3 Reasons For Starting an Online Home Based Business

You must have heard of home based businesses. Most of these are online while others are offline. No matter what mode you are using for conducting your home based business, there are several benefits and advantages that you get as an owner of a home business.Besides enjoying the greatest advantage of being one’s own boss, you can also have several other benefits which you can never enjoy in a typical white collar job. Let’s have a look at 3 of the most important reasons why you should start an online home business.1) Peace of Mind:
If you have gone fed up with your typical daily routine or if you just want to have a change in your professional life, then starting an online home based business is an option for you. There is no doubt that a person just feds up by following a typical daily routine. So, starting an online business is not just a change in this typical routine, but it also provides you the comfort and luxury of your home while earning much more than what you get in a typical white collar job. You don’t need to worry about waking up early in the morning. You don’t need to worry about waiting in the jammed traffics. You don’t need to worry about following a strict and defined schedule. In fact, everything in an online business is yours and it is you who manage the business from A to Z.2) Easy to start:
Many people think that starting an online home based business requires lot of money, expertise, and time. Well, though this perception is true so far, but it is not really necessary. You can just start your online business with virtually anything in your hands except a computer with an internet connection. There are hundreds of online jobs available that you can pick from. You don’t need to worry about presenting your CV. Furthermore, you won’t be call for any interview that you need to clear in order to proceed with the hiring. All you need is to show some of your work samples regarding the job you are applying for. If you are talented enough, you will easily get the job.3) Chances of expanding your home business:
One of the greatest reasons why you should go for an online business is its inherited ability of expanding. An online business can be expanded to limitless boundaries. You just need to have the skills of management and time allocation. If you are good in these two, you can have an ultimate success.

Home Based Business Work – How to Overcome the Number 1 Problem

If you’ve ever done home based business work before, then you know that it really is work. There are several top companies as well as great products that you can try to sell, but the one constant in them all is the purchase of products or services. Some type of product/service must be purchased for you to make a profit. And in order to do that on a big level, you certainly must have leverage. So you can work your tail off and try to make as many one-on-one sales yourself or work smart and leverage your abilities and time by taking advantage of systems to replicate yourself into a sales force of many to sell more products and services to more people. Does that make sense?With home based business work, the problem lies here. People just don’t know how to effectively and inexpensively create that leverage to dramatically increase their results so they can achieve the amount of success they desire! If done right, you actually end up sacrificing less hours to get better results in less time.Now let me say that first of all, if you’ve been failing at home based business work for months now – or maybe even years – realize that it is not your fault. Myself and many other people have suffered with the exact same issues. You simply were never trained and for that reason never knew the right tactics of how to utilize the web and other tools to be successful. That’s like trying to do open-heart surgery after taking a few CPR lessons – it is specialized schooling. But in this case it will not cost you several $100,000′s to master the skills and tools required to become successful with your business; utilizing just a few crucial tools with the right marketing system & training will make your home based business profitable very quickly (depending on how much leverage you apply!).So here’s the number 1 issue with Home Based Business work: getting your business in front of enough interested and qualified people! Again it’s all about leverage – you want to get your message out to more people on a regular basis without spending lots of money or wasting precious time trying to sort through “suspects” one by one yourself (whether in person or on the phone, etc). The bigger your organization, the better your power to move more product and at the end of the day make more money.In order to build a group, you would prefer a system already in place that has the ability to pre-qualify and sort through your interested prospects on autopilot, notifying you of the more serious prospects so you know where you can spend your time for maximum results. Replicate yourself by developing a team to help reduce your Home Based Business work load and multiply your earnings. Show your organization how to utilize the system and how the people they recruit can do the same thing and once this occurs, you will have done a full cycle and completely replaced yourself while your income continues to expand.

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How to Turn Your Passion Into Online Home Based Business

Do you want to discover your passion and turn it into an ethical online home based business? If you do, the internet makes it easier than ever to reach your target market. This article will explore steps you can take to build an online business around your passion.Here are seven essential steps for building your online home based business around your passions:1. Discover what you are passionate about. Find something that has meaning for you. You don’t have to find your passion to do something you love. I have found that people who aren’t interested in what they are doing, give up at the first obstacle they encounter.A technique I recommend is called the elimination technique. First, you write down all your interests and what you enjoy doing. Be sure to write everything down without censoring.Second, eliminate anything that doesn’t make much sense and arrive at a short list. Third, compare what’s left and decide on which one means the most to you.As an example, let’s say your short list consists of online home based business, personal development and real estate. Compare personal development to online home based business. Then I compared real estate to online home based business. The winner for me was online home based business.If you can’t use this elimination technique to arrive at just one, no problem. Perhaps, you can blend together your passions to create something valuable and unique.2. Determine the viability of turning your passion into a business. Find out if anyone is doing what you want to do. Competition means that people are making money. Look at what is working and what is not working, and determine your strategy for standing out. Ask for advice or find a mentor or coach.3. Focus on who you can help, why they should listen to you, and what you help them with. Everyone has a different set of problems, and you need to focus on a specific set of problems to be effective. This enables you to speak to customers in language they understand. The “why” tells them why they can trust you to know what you are talking about.4. Use a blogging platform. Blogging is one of the most effective ways of getting the word out about your business, if you know what you are doing. Blogs are excellent at attracting customers. You will need to build an email list to turn visitors into prospects who want what you offer.5. Give your readers what they want by asking, interviewing and researching. Look at their comments and emails, and ask them about what they are struggling with. Get into their minds. You need to help them come closer to what they want. The readers have problems, and they need solutions to those problems. If you listen to what your readers are saying, you will know what to write about.6. What are you going to sell? If you aren’t selling something, you don’t have a business. If you choose to create an information product or offer coaching or consulting, the focus has to be on who you are serving. Perhaps you can create an audio course, tele-seminar series, small e-book, or audio course. Once you listen to your readers and create a product to solve their problems, chances are that the product will sell well. Just keep the spotlight on your readers.Most importantly, take action. Create it and get feedback. Then improve it.7. “Feel the fear, but just do it anyway.” Yes, we’ve all heard that before. The fear is a sign that you are on the right track. Just decide whether you will give into the fear or not. Pushing the fear away doesn’t work. At least, it hasn’t worked for me. What does work is accepting the fear.Try this method that I learned from a coach: Observe the fear without judging or trying to figure it out. Then welcome it. Accept it. Let it be there. Take action anyway.If you are afraid of failing, understand that you are going to fail lots of times as you build your own business. The goal is to learn from your failures.Starting an online home based business is not easy. Get ready to put in the hours and work hard if you want to be successful. Building a business based on your passions will make it easier to stick it out when it gets tough. The steps above will help you turn your passions into a profitable online home based business.

Five Things You Need To Remember Before Starting a Small Business

Everyone knows someone who has decided to go into small business but did you know that 70% of all small businesses fail within the first 12 months of operation. In some countries that failure rate is as high as 85 to 90%. Small Business is one of the toughest industries you can ever decide to take on and most people who go into small business go into it for the wrong reason.I have started 4 small businesses over the last 10 years and every single one of them has been started from scratch and survived into a thriving business. Just recently I have decided to sell one of the businesses off cause it had done what I expected it to do which is the first issue you need to think about.Issue 1. Have a Clear Understanding of What You Want To Achieve In Your BusinessThe majority of people, who actually go into business, go into it for the wrong reasons. Even I have been guilty of that. So what is this wrong reason, most people start a small business because they believe they can do a better job then their current boss. Maybe this is true, maybe it is not but what most people really want is better working conditions and better pay. No one can blame you for wanting that. If that is all you want, then I strongly suggest you stay away from small business.One of the key issues you must remember before evening thinking about starting a small business is this. Do you know what your business will look like? If you were walking down the street, how would you want to be found? What impression do you want to give to your clients? What clearly do you what to achieve in this business?The second clear understanding you must have of your business is, when will you know when it is finished? When you have built what you want to achieve and more importantly, how will you get out?See most people when they go into business have no exit strategy and that is one of the worst things you can do. Before you ever start a business, the first thing you must work out is how you are going to get out of the business.Two years ago, I started a small car cleaning business. My wife and I both started it because she wanted to see if she could build a business. Our exit strategy was to sell the business once it was done. How we would sell it was something we were not sure of?See we could have taken a number of approaches to this. Our exit strategy could have been to franchise the business, sell it to a single owner or to float it on the stock market. We chose that we only wanted to sell it to another owner, but we still built the business in such a way that there was still plenty of growth and opportunity in the business for the new owner, but we had removed the risk for them on how to run the business by clearly documenting everything they needed to do to run that business.Before ever starting a business, always think about how you will exit the business, when you have achieved your objective for that business. If you do not have an exit strategy in mind, then you will never get out of the business.Issue 2. Keep a Strict ScheduleSmall business is consuming. Unlike in large corporations where you can hire many people to do a range of tasks, small business requires the small business owner to do many of the tasks themselves. Some of the tasks include doing your books, lodging trademarks, doing the ordering etc. Often when you start in small business, you can not afford to hire people to do these tasks.What I have personally found is that if you do not keep a tight schedule and document your meetings and tasks you have to do then it will not take very long before you will be swamped by all the things you have to do in the business every day. It is this phenomenon that often leads small business owners to quit and fail in the first twelve months. Let me tell you this, the warning signs that this is starting is when you say to your wife on a Saturday or Sunday afternoon that you are going down to the office to catch up on paperwork for a few hours. Once you get into this habit, you will never stop doing it and the business will consume you really quickly.I strongly recommend all small business owners keep a diary. My preference is to use Microsoft Outlook, simply because it includes a calendar and you can make sure that each day you schedule your work plus your appointments to make sure you do not forget anything. If you do this, then you will find over time you can get through this plus you will learn how long it should take to do the various jobs that make up your business and whether it is worthwhile in getting someone to actually do those tasks for you.Issue 3. Build Your Own Mastermind GroupI read a book a little while ago called Think and Grow Rich and is written by a gentleman called Napoleon Hill and he talks about the thirteen secrets to success and obscene wealth. One of the things that I learned both from this book and being a small business owner was that I needed a Mastermind Group.The Mastermind Group is simply a group of professionals who can help me achieve my objectives for my business. Literally anyone can be part of your mastermind group and some of those would be people like a lawyer, an accountant and other people like your peers who can help you in building your business but it may also include people who are not in business as well to help you keep that balance. The Mastermind Group are really those people you turn to for advice and direction. You do not necessarily have to take their advice but a good mastermind group will allow you run through scenarios on what is happening and the potential outcomes.Issue 4. Have one night when you do something on your own for you!One of the big issues that I have had over the last ten years is that I have not been doing every single week is something on my own but I say that I am in the process of changing that. Often when you start in business, with the excitement of building your own business you get so consumed that you forget about a life outside of your business and your business becomes your life.This is really not a good thing nor is it healthy. Even multi-billionaires do things for themselves outside of business. Look do not get me wrong, business is fantastic and fun and can be both enjoyable and a nightmare however there are other things out there outside of business.When you start a small business, do not neglect your sports, do not neglect doing something social, if you do, in the long run you will find that you business suffers. Plus, in small business it is very easy to become bitter and twisted but by maintaining those none business activities it will help you to balance your life.Issue 5. Don’t neglect Your Partner or your FamilyI would love to see the divorce statistics for small business owner’s because I am quite sure that the divorce rate in small business would have to be about 70 or 80%. The majority of married couples (and I am talking about 90% of the small business people I Know) that I know who have gone into small business in their 30′s have actually been divorced within 18 months of them starting the business.Look there are lots of reasons why this happens, but in a lot of the cases, the partner who has gone into business neglects their family and money gets tight. In the partners case it is not their fault it is simply because the person gets consumed into the business and they forget they have a life outside of the business.If you have a family, make sure that you do at least one activity a week as a family. Whether it is having a family night at home such as a video night or games night, or even just going to the park to play once a week, make sure that you do it. PLUS, you must ensure that at least one night a week must be for just you and your partner. If you do not do that your marriage or relationship will suffer.One thing I share with all the people who come through our training business is that if you want to go into business that is cool but you must be prepared to accept two things -1. You must be prepared to start from scratch if your business does not work
that is you must be prepared to start with just the shirt on your back.2. You must have 100% support of your partner and familyIf you cannot accept these two things, then do not go into business because too many people who I see that start on this journey fail and end up miserable and have such a downward spiral which leads them to doing something silly, like take up drinking, drugs or try to commit suicide. Remember, 70% of all small businesses fail within the first 12 months. If you were a betting man would you back something that only had a 30% chance of winning, not likely, yet people still go into small business.The bottom line is this, small business can be the most awesome ride of your life, but it can be also the most difficult and when you choose to go into small business, take your time and plan what you want to achieve. Remember the old saying if your Fail to Plan, you Plan to Fail.

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How To Discover Your PERFECT Home Based Business – The 1st Of 7 Keys – A Profitable Business

This is the first in a series of seven articles that tell you how to sift through all the home business opportunities you hear about every day, and find the PERFECT home based business for you.

Are you ready to start making some real money in your own home business without working 60 hours per week? Are you ready to stop throwing your money down the “home business opportunity rat hole”?

Read on and I’ll show you how to test every home based business opportunity to make sure it fits the definition of The PERFECT Home Business, before you invest your time and money. Then, focus on the one that fits the best, and make it a success.

Each letter in the word “P.E.R.F.E.C.T.” stands for one of the 7 keys to finding the perfect home based business. Each key is something your home based business opportunity MUST have in order for you to enjoy the financial freedom and lifestyle you want.

What makes an opportunity P.E.R.F.E.C.T.? The “P” in PERFECT stands for “Profitable”. If your business isn’t profitable, why do it? If it isn’t highly profitable, you won’t be able to earn enough to make it worth your time, or you won’t be able to grow your business by reinvesting your profits back into the business.

“Profitable” means:

• High gross profit margin (preferably greater than 65%) and net profits of 20% of sales or better before taxes.

If you sell something for $1.00 and it costs you $.50, your gross profit margin is 50%. That’s about the profit margin most retail stores get. You need to do better than that to survive and thrive in your home business.

All of your other expenses such as advertising, overhead, and so on, have to come out of your gross profit before you have any “net profit”. If you sell something for $1.00 and the costs of your product, including all of your other expenses, add up to $.90, you only have ten cents per dollar in net profit (that’s a 10% net profit).

So, for example, if you want to earn $50,000 per year from home with a 10% net profit, you would have to sell $500,000 worth of your product. Wow, that’s a lot of product. Wouldn’t it be better to only have to sell $250,000 worth of product, or even less, to earn your $50,000 income goal?

That’s why you need a business with at least 20% net profit. And, if you really could sell $500,000 worth of products, wouldn’t it be better to have 20% net profit and earn $100,000 per year on that $500,000 in sales? The PERFECT home based business may even enable you to earn up to 40%-60% or more (sometimes more than 90%) in net profit. Yes, really.

At 90% net profit you would only have to sell $55,556 worth of product to earn your $50,000 income. That’s my kind of home business!

• “Profitable” also means a net profit (your “salary”) before taxes of at least $50,000 per year. And $100,000 or more per year would be more like it (unless your goal is to supplement your income to the tune of $500 to $1,000 per month. But, would you turn down $50,000 per year if you didn’t have to work any harder than you did to earn $10,000 per year?).

Your goals may be different than mine and you may be satisfied with lower profits. But, I believe you need to set your goals high, yet at a reasonable level. Then, even if you fall a little short, you will still be very successful.

• Low overhead (less than 5% of sales). Overhead is all the “fixed expenses” of running your business such as computers, printers, other equipment, furniture, office supplies, and office space rental costs.

A home based business is ideal for keeping overhead low, but you still have to be careful to minimize the space needed, the cost for utilities, and the equipment needed to run your business. Don’t go hog wild buying an expensive desk and file cabinets with your first profits. Instead, reinvest those profits in your business and keep your overhead low. You’ll be glad you did.

• Low labor content for manufacturing, assembly, or shipment of the product(s).

You don’t want to spend all of your time assembling and shipping something you sell. Most of your time should be spent on marketing and growing your sales and profits. The PERFECT home business enables you to sell products that involve little or no labor cost to make them or ship them.

• A high average order. Believe it or not, it takes as much effort to sell a $5.00 product as it does to sell a $50.00 product or a $500.00 product, maybe even more effort. So, the PERFECT home based business offers products with a high perceived value and a price well above $20.00. The exception is when you want to sell a low priced product, or even give something away, just to get customers added to your e-mail list so you can sell them other more expensive items later.

• Low initial investment required (less than $1,000 preferred). I don’t know about you, but business opportunities that require $5,000, or $25,000, or more to start scare me a little, unless the return is well worth the risk. There aren’t too many people that even have that kind of money to invest in a business. Why not find the PERFECT home based business that only requires $1,000 or less to get started, perhaps even a few hundred dollars?

• Small inventory with rapid turnover, or no inventory required. Imagine your garage or basement stacked from floor to ceiling with products waiting for someone to buy them. Yuk! Much better to fill each order as it is received without having any inventory in your home, or at least a very small inventory. The PERFECT home based business will allow you to do that.

• Repeat or backend sales potential. One of the highest marketing costs is the cost of getting a new customer. If that customer buys your product over and over from you (repeat sales of a consumable product or a monthly membership fee, for example), or if the new customer buys other products from you later (backend sales), you can dramatically increase your sales and profit. This is a very important ingredient in the recipe for a successful home based business.

The Essence Of Mobile Advertising Companies

As a business owner, marketing and advertising play an important role in your business. Marketing helps to brand your business, while advertising helps you to sell yourself or what you have to offer as a company. It is essential that you start an advertising and marketing campaign that will draw in the kind of attention and will catch the attention of your potential customers on the market scene fast and reliably. One of the best ways currently of doing this is through mobile advertising. That is why you need the best of mobile advertising companies in the market to assist you in doing this.

Today, with the advent of the Internet and technological gadgets, this has become more realistic. Over the years, Internet protocols have seen great improvements. There are now better connection options with faster Internet. Most of all, gadgets like smartphones, handheld computers and laptops have great been advanced. All these combined together translate to more mobile Internet users browsing the Internet and shopping while on the go. As a business, there is need to consider ways to tap into this raw market and winning over new clients and customers. That is where mobile advertising companies come into the picture.

Mobile advertising companies are professional companies that mostly venture into the online mobile market to market and advertise businesses and companies; at a fee of course. Mostly, these companies create a working advertising and marketing campaign that will see the services and products of their client companies appearing on search engines and web pages frequented by a large number of people. This way, you as a business get a better chance of being seen and to sell as people click on your ads. Basically, considering the number of people turning to their mobiles to shop for, and buy goods and services, it is easy to understand why mobile marketing is picking up this fast.

To capitalize on, and to win over the mobile market, having the right mobile advertising and marketing campaign being handled for you will, be essential. As such, the company you hire of all the mobile advertising companies will be essential. There are factors that you will need to consider that will determine who you are about to hire. Essentially, taking time to consider such factors as these will go a long way in helping you make the best decision in hiring the right company to handle the task for you. What are some of the things you need to consider when looking for the right mobile advertising company? Consider:

Mobile advertising influence

A company has to have muscle to win over the market. Basically, you will need to consider the kind of influence most of these mobile advertising companies have on the market. There are plenty of advertising firms all around you, but which of them is the best? The more successful campaigns handled, the better the company as it has already carved a spot in the advertising niche both with its clients and search engines.

Cost of creating and managing successful campaigns

Of all mobile ad companies which is able to offer you the best services at the right cost? Money plays an important role in the management and upkeep of a business. Basically, mobile advertising is way cheaper than most advertising options available. While the cheapest option may seem as the best option, it would be advised not to go for such. Consider looking for a company that will offer superior services at just the right cost.

Services they will offer

Doing some research on different mobile advertising companies will be of help to you as a business owner looking for the right company to hire. Essentially, accompanying services will mostly ease the mobile advertising campaign for you. Consider whether or not the company offers extra services like tracking. This way, you can easily keep track of progress and stay updated on the progress being made under your mobile advertising campaign.

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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