Posts Tagged ‘Selling’
Selling Property at Auction – Tips to Help You Get the Best Price
Thursday, May 12th, 2011Selling Property at Auction – Tips to Help You Get the Best Price
Thursday, May 12th, 2011Pay-Per-Bid Auctions ? The New HQ for Selling Your Stuff Online
Wednesday, December 15th, 2010Selling Manufacturing Equipment ? On-line vs. Traditional Auction Methods
Saturday, October 16th, 2010268 billion in assets are sold at auction each year. Industrial machinery andequipment is the third highest selling category following real estate and charityauctions, according to reports in print by the Inhabitant AuctioneersAssociation. Clearly the U.S. manufacturing industry is varying rapidly as isthe auction industry itself. On-line auctions are rising in popularity since 2006.Many habitual industrial auctioneers are count on-line bidding to their liveauctions or moving to a strictly on-line format. The advent of the on-line auctionis stirring fantastic debate amongst both auctioneers and manufactures. A look atthe advantages and/or disadvantages of both is vital.
Auctioneers are simply marketing experts. People and companies come to themto exchange assets into cash in an well-organized and cost effectual manner. Theauctioneer determines who the most likely buyers are of a particular asset andsets out to market the product to that target audience in a condensed period oftime, then make a bidding war. Some of the most standard concerns of potentialsellers are:
Timing: Many manufacturing companies seeking to sell equipment need speed.Perhaps their lease is coming to an end or they’ve sold their building and have apending closing date. In some cases the company is in financial distress and theproceeds are needed to pay creditors.
Equipment Pricing: Anyone selling a piece of manufacturing equipment hopesto get the best possible price given the time frame they have to work within.Cost of Auction: The cost of conducting an auction including staff andadvertising is typically charged to the seller and deducted from the auctionproceeds. In many cases the net proceeds are the manufacturer’s retirementfunds, therefore keeping expenditure down is elemental.
Facility Cleanout: Many manufacturers closing or retiring have been in theircurrent facility for decades. Conveniences need to be prepared for lease terminationand brought to broom clean condition to avoid financial penalty with a landlord,or to prepare the building for sale or lease to a new occupant.When trying to choose whether to go with the on-line or habitual auctionmethods it is prudent to look at how both affect each of seller concerns.
Timing: When it comes to speed, on-line auctions win hands down. Atraditional auction requires staffing, security, sometimes special permits from thetownship, a caterer, set-up of computer and sound equipment at the auction siteand so forth. Many of these are eliminated with the on-line method allowing theauctioneer to provide service sometimes in half the time.
Equipment Pricing: With on-line auctions you open the bidding to a worldwideaudience. More competition = better bottom line results. Reckon howinconvenient live auctions are to buyers. The auctioneer is inviting them to cometo a place that may be hundreds or thousands of miles away from their homeor office and stand in a warehouse, (sometimes in the dead of winter) all daylong until the auctioneer gets to the one piece of machinery that buyer is lookingfor. This is NOT a buyer friendly way of conducting auctions and more andmore buyers are opting out of that process.
A further aspect to consider when talking about pricing is worldwide markets. Ifyou question most manufacturing companies why they are going out of business theanswer will be that the harvest they made are now being made overseas. Hugesegments of manufacturing are now primarily being done in other countries.Does it not make logical significance that those companies overseas need machinery tokeep up with new orders? Auctioneers who only try to sell their client’smachinery in the USA are doing their client a huge disservice. The world we areliving in requires global thinking.
Cost of Auction: Again the on-line auction wins hands down. The onlineauction does not require the same staffing, security, electronic equipment, soundsystem, caterer, etc. as a live event. On-line budgets typically run 50% or moreless than live.
Facility Cleanout: This concern is the same for both live and on-line auctions.Either way the building must get cleaned out.
The bottom line is that the on-line auction method can get the job done quicker,better and cheaper than habitual methods, increasing the bottom line to theSeller.
Auctions: a Unique Selling Method Based on Competition
Saturday, September 18th, 2010You’ve read about them, you’ve heard about them, you’ve probably participated in one. But what exactly are auctions? Isn’t it just the simple method of selling an object to interested people who bid until the highest bidder gets it?
That is certainly the scenario in most auctions. But auctions are really more complex than people realize. Do you know that not all auctions have ascending price schemes? While the ascending bid is the most standard auction format, other formats exist such as the descending, simultaneous and handshake forms of bidding.
An auction, in general terms, is the method of allocating scarce goods. It is a unique selling method that is based on competition. Truly, the objectives are simple: the seller wants to obtain the most cash for his item while the buyers want to buy it at their own desired prices. Everything can be sold in auctions – from singular bits and pieces like paintings to multiple units of a homogenous item such as treasury securities. Auctions are most useful when a seller is unsure of the price his item can get, or when selling a commodity with undeterminable feature.
Some unique things about auctions: the price of an item is set by the bidders and not by the seller. Also, the auctioneer doesn’t own the goods but rather acts as an agent for the real owner. Lastly, buyers evenly know the value of an item more than the seller.
Various classifications of auctions exist. There are open auctions and sealed-bid auctions. There are auctions wherein the price simple ascends and there are auctions where the price drops at fixed intervals. Experts agree, but, that there are four major one-sided auction formats: English, Dutch, and First-Price sealed-bid and Vickrey (uniform second-price).
You may question which type of auction is the best. It really depends on the perspective of both the seller and the buyer. Some auction types lessen room for cheating while others seem to really encourage such. Some auctions require the presence of the buyer while some do not. Previous to an auction is set, the seller must first analyze the auction format that would best benefit him. An aspect of auctioning that is sometimes very vital is speed. If the item you are selling perishes quickly, like flowers or fish, of course a quick auction is required.
While it has its’ advantages, an auction also has drawbacks, like the so-called “winner’s curse”. This is the phenomenon when a “fortunate” winner pays more for an item than it is worth. These winners realize that their valuation of an object is higher than that of anyone else.
In this age of modern technology, auctions have found a place where it can thrive and reach more prospective buyers: the Internet. Online auctions are becoming more standard each day as buyers can browse through the harvest and bid at their own time and pace. Furthermore, the range of harvest people auction online is endless and intriguing – you could spend hours just browsing.
All in all, auctions are a pure marketplace at work in its finest form. So if you’re plotting to sell a touch, you might consider auctioning it. Just look at it from this perspective: your clutter is other people’s treasure. And they’re going to compete to get it.
Is SSL it Important? Selling Online Securely.
Friday, January 8th, 2010You may be wondering what SSL is and if you need it for your online store? The truth most stores that sell online need it and it is a very vital part for selling online.
SSL stans for Secure Sockets Layer and in a nutsell it in the end protects any information that is sent to, from and during the order process of your online store. Without it this information is left visible to anyone who knows how to take a look at it.
If your online store has SSL Security then when a browser is pointed to your secure domain name an ssl handshake will authenticate the server and the client. It then establishes an encryption method and makes unique key for that session.
Now that a secure session has been produced and you can be guaranteed that any information that is sent/inputted at this time is secure. This protects any sensitive information that you may not want in the hands of just anyone(such as credit card information, address, phone number etc…).
To encrypt a message a key is used to alter the original message sent. The key uses a long sequence of algorithm bits to encrypt or decrypt the original message. An algorithm might look like this 00001010 01101001 10011110 00011100 01010101 and depending on how many bits it would have would detemine its part.
An encryption algorithm would then take the original message and the key, and then it would alter the original message using the key bits to make a new encrypted message. To decrypt it a decryption algorithm would take the encrypted message and restore it back to its original state using the key.
The difference between between the bit strength is how long the algorithm is. If it is 40 bit then it would be 40 characters long and so forth.
Today the minimum bit encryption used is 128 which offers 88 bonus bits of key part then previous to when they use to only use a 40-bit. The reason they had to exchange the bit part was that a 40-bit encryption seemed too simple for hackers to break.
Now with a 128-bit encryption there are a possible 309,485,009,821,345,068,724,781,056 additonal combinations that are required to crack it. Experts say they expert the 128-bit encryption should work well on the internet for at least a further 10 years.
So there you have it, a quick and simple breakdown of SSL and why you need it as well as what it does. There are other choices such as using 3rd party payment processors(such as paypal.com or 2checkout.com) but for added protection it is permanently nice to know that you have SSL protecting you.
The Domain Selling Business …. How to Really Make Money on Internet !
Thursday, December 10th, 2009The Domain Selling Business
How to really make cash on InternetThe Domain Selling Business.
A real business where insight and timing are critical. Where smart people can make cash by making smart moves. In other words, a right Internet business that could make you a millionaire. If you have the skills, the smarts and the moxie, and the key insights.Why do People buy domain names?
Everyone in the business industry is aware of the value of the right domain name. It is the company’s brand name and it is critical to driving traffic to the home website. The right domain name is worth hundreds, even thousands of dollars to a business. The right name is so generic that a user might type in a random phrase and add .com or .net and land on that respective businesses site. Check out what some very recent domain names went at public auction.
Lips.com sold for $135,000 on Moniker T.R.A.F.F.I.C.
Note.com went for $115,000 on Moniker T.R.A.F.F.I.C.
Forest.com for $110,721 on SEDO.
And Coed.com for $88,240 on Moniker T.R.A.F.F.I.C.How to really make cash on selling Domains?
That’s some serious cash. Imagine where you would be right now if you had bought any one of these a few years ago when domain names were so low-cost people could buy these basic names at less than $10.00 per name. Better yet imagine where you would be if you had the foresight to have bought any two of these basic domain names.
Here is how lucrative domain reselling can be – these six entities each sold for $10,000.00 at the recent
TechnologyFund.com on Moniker T.R.A.F.F.I.C.
PinkRoses.com on Moniker T.R.A.F.F.I.C.
Pensions.net on Moniker T.R.A.F.F.I.C.
FreeSoft.com on Moniker T.R.A.F.F.I.C.
EatFree.com on Afternic/BuyDomains
212.net on Moniker T.R.A.F.F.I.C.
Four of these break the rules of a single word domain name yet they met the needs of a specific company and were worth the thousands that the right company place forth to secure the name
A wealth of web sites exist devoted to the marketing and sales of domain namesMoniker.com
Moniker is the only provider of the brand Domain Asset Management air force. The company provides a single-point-of-access to manage domains and maximize the selling of those names. Moniker is the company that recently handled the sale of the domain name Porn.com for $9.5 million. The company also handled Sex.com which sold for $12 million in cash and stock. How about Autos.com for $2 million, Cameras.com at $1.5 million and Scores.com for $1.2 million? Moniker also handled the sales of student.com, ethanol.com, cardiology.com, and more.SEDO.com
SEDO has more than 500,000 members trading domains around the world. SEDO currently has more than 8 million premium domain names available and is working globally in more than 21 languages. SEDO offers it users all of the tools necessary to buy and sell domains including domain name appraisals, brokerage air force, promotion, and a domain parking program.
Check out these numbers – 1,500 domain sales a month docile $3 million in sales – 8,000,000 domains available, 3,000,000 of them parked.Afternic.com
Afternic.com is a further leading domain name company that is recognized for its work in the lesser-domain-name business. Offering an extensive exchange network, the company works with partner domain name registrars and then refers buyers for aftermarket domain buys. Afternic is a further one stop shop that provides anonymous sale environment for potential bidders.
Afternic managed the $1 million sale of Fish.com. Since 2002, the company has experienced triple-digit once a year growth rates.1DollarDomainPage.com
1DollarDomainPage.com is a one stop portal that features the newest in the domain marketing field. The site advertises domains for sale by category and place forward free classified advertising space, options such as hosting air force, let, job opportunities and other bits and pieces wanted or for sale. It also offers a series of live chat rooms that are available to every pixel owner including rooms that place forward discussion options devoted to beginners and newbies to the domain business. The site also offers chat rooms broken out for those people who selling or buying and even offers one chat area focused solely on those who are seeking one specific domain or website.MillionSnapNames.com, TdNam.com, GreatDomains.com, and more.
How much will people pay for the right domain name? A Lot!!
We have by now talked about Porn.com and Sex.com but how about diamond.com, business.com, and beer.com? Each sold for 7.5 million dollars respectively in 1999. After the dot com bubble burst in 2001 the general consensus was that no other domain name would reach the lofty heights that business.com was able to attain. Man, were folks incorrect! Casino.com sold for 5.5 million in May of this year, Korea.com sold for $5 million in January and Shop.com sold for 3.5 million in 2005. Domain Names Have Their Own Image
Let’s face it, image is exceptionally critical to ever business and domain names foster their own image. Fleeting, one word names with the dot com after them are in extreme demand. A domain name must be memorable because a domain name must be able to stand alone. Customer’s today type in the most used domain names simply from memory. A fantastic domain name means search engines simply aren’t necessary.
Though everyone wants that one word name, it is possible to make some really useful domain options using simple prefixes. A simple example is the use of the word auto and the long ago sold out auto.com domain name. Other options can work for that same term, automart.com. autodepot.com, autoland.com, usedauto.com, etc. The trick is to be creative but to get a touch simple that sells the business at hand.
Do you have skills predicting future trends? What names might be huge in the next few years if a woman or a black man were elected head, if an issue other than terrorism starts to creep into the world psyche? If green becomes in or America revamps its shape care system what will be the key domain names that will represent the future? What names today represent a fantastic business opportunities for you tomorrow?