No Rent:Operating a business from Home eliminates the expense of rent or a monthly mortgage payment. Without this expense, the cost of starting a home business will be reduced as will the cost of month to month operating fees. This is a large savings and all that money can go right into your bank account or into your pocket.No Dress Code:If you work from home, you can wear whatever your want to the office. No more expensive suits or work uniforms. How great to wear sweatpants, a t-shirt and go barefoot to the office. Better still, wear your pajamas and slippers. Now that is what I call comfort. Don’t forget, the money you save on a wardrobe goes into your pocket too!No Commuting Fees:The cost of gasoline and diesel has steadily risen. I am not sure how far your daily drive to and from work is, but having your own home based business, will substantially reduce that expense. Not to mention, you will be one less commuter adding greenhouse gas to our environment. Furthermore, one of the factors calculated in your auto insurance premium is the miles a day or miles a week you drive your car. Do not overlook this savings when you start your home based business. Call your auto insurance carrier and let them know you are now walking to work-not driving to work-haha.No Traffic Jams:OK-I will bet you are thinking, how does this save money? A car’s engine and parts wear quicker when you spend half your commute starting and stopping. You also use more gas. With a home based job you have no commute and much less wear and tear on you car.. How about the stress and frustration you deal with by sitting, sitting and sitting in traffic. I for one do NOT miss traffic jams at all. Would you miss a traffic jam? Would you miss the careless and reckless drivers you contend with each day on your way to the office? I don’t think so!Set your Own Hours:Although this may not be a money saver, it sure is an Advantage to working at home. You decide what hours you work-NOT a Boss. If you are an “early bird”, you can work in the wee hours and have your afternoons for play. If you are a “night owl”, you can play late, sleep late and work afternoons. The choice will be yours and yours alone. If you are a work form home Mom, you can get the kids off to school, start work when they get on the bus and be home to greet them when the school day ends. Actually, if you are a “work at home” Mom, you can save money by not paying for after school care for children. Another BONUS savings found in owning and operating a Business at Home.All these advantages quickly convinced me to establish my own Home Based Business. Now you too can see how fast you can start to make money from home.

Do you want to know how to find the most successful home-based businesses? There are three main things you need to think about in order to find the most successful home-based business opportunities. The first is to make sure you can afford the business. The second is to make sure you have help. Finally, make sure you pick a business that really has potential for you to make money and isn’t all hype.Make sure your business is an affordable one to operate. Know how much you are willing to spend on a business and how much you will have to spend on a monthly basis to run that business. Don’t spend everything you have to invest on just the business alone. Make sure you have enough money to run your business on a day-to-day basis. For instance, what sense would it make to buy a McDonalds and not have enough money to buy the burgers? When it comes to owning your own business you have to make sure you have enough money to operate it efficiently. Be careful of free or extremely low-cost home-based businesses that promise you will make millions. Lets be real, the old saying you have to spend money to make money is pretty accurate. That doesn’t mean you have to break the bank by any means, but thinking you can start a legit business for next to nothing is unrealistic.Make sure you have access to reliable and experienced people who can help you with suggestions and any problems you encounter. One of the scariest things about opening your own business is that you are the boss. You are the one everyone looks to for answers, and if you don’t have the answer who will? Who will train you how to run your business? Make sure you have some kind of support group or someone who has experience in the industry that will be there for you when you need help. Make sure you have at least two contact people or groups that you can contact by phone preferably or email if it isn’t urgent. This is especially important when you first get started with your own home-based business.Make sure you are in an industry that will allow you to make the kind of income you are looking for. Lets face it no one opens a business just for fun, the goal is to make money. Pick a home-based business that has the potential to pay you very well for all your hard work. It doesn’t make sense to buy a home-based business that will put you in debt hundreds of thousands of dollars to make fifty thousand a year. Also, when you buy a home-based business make sure it is something that you will enjoy. When you are in the home-based business industry you have to be a self-motivator and it is easier to do your job when you work from home if it is something you enjoy doing.These are the 3 main things to consider before you choose to invest in a home-based businesses. Make sure you consider all the costs associated with running the business. Find a business that comes with a help line or support group. Pick a business that you will enjoy and has the potential to make a large income. Follow these three simple guidelines and you will be on your way to a successful home-based business.

Estimating your assets value:

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

Compensation and Expenses:

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

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

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

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

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

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

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

Auction Expenses:

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

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

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

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

Buyer’s Premium:

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

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

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

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

Pre-Sales:

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

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

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

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

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

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