Tips to Expanding a Home Based Business

If you want to expand your home based business then you need to understand one thing, the fear you have is only because you are scared of change, not success. What I mean by this is that you aren’t scared to take a chance at success, but scared of leaving your home in which you know so well and feel comfortable in. For many people who expand the biggest way to do this is by taking your home based business out of your home and placing it in a more business minded area. Let me tell you one thing that most people never think about, “Don’t expand all at once, slowly move your way into a bigger market.”Tips:

Expand on something cheap – The best way to expand is not to expand your initial market, but just expand on the product or service that you provide. Doing this is the cheapest thing you can do and by doing this you will see that there is either more out there for you or you are already at your limit with your current market.

Test your market first – The trick to expanding is knowing prior to expanding that you will succeed and the only way to do this is to test your market. The way you test your market is by offering different products or services at a slight discount to your current market and see if they bite and what their response is.

Expand online first – If you have a business then you should have a website but even if you don’t, GET ONE! Now the best way to expand online is by just getting more traffic to your website because traffic is the key no matter if you have a website of just a home based business.

Expand slowly – Don’t do everything at once, if you are putting a new product or service out there just offer it to a handful of people at first and then see how it goes over. Sometimes the price plus product or service needs adjusting and expanding slowly is the only way to be able to make changes without the entire world knowing you made an adjustment.
Just by following these tips you will be on your way to having a great business, but if you need more ideas to make money then just click here.

Home Start Ups – How to Start a Home Based Business Without Spending a Lot

Working from home is great because you can maximize your time and it costs very little to get started. If you are looking to start a home based business then you need to save anywhere you can before you start making money. The best way to do this is to use a spare room in your house to work out of.First you want to convert one of the spare rooms in your house into an office. Make sure that you make it a place that you feel comfortable working in and that you are not in a corner with no space. Clean the room out so that you can hang pictures and have furniture that you would have if you were in an office outside the house.You may already have an internet connection at home but if you are going to work there now then you need to make sure that you have a good one. You may want to increase your internet speed so that you are more efficient. Call the cable or phone company and compare rates before choosing how much you want to upgrade.If you do not have an office desk or chair then and you are trying to save money then you need to check with goodwill or the salvation army. You will be surprised that you can find great used stuff at a fraction of the price it would cost you to buy brand new. You can get something fancy later when you are making money.Make sure that buy the things you need right now to start your own home based business. Some people want to go out and charge a bunch of new equipment and this is not necessary until you make money. You do not want to go into debt and have a hard time paying bills. Let the income dictate when you buy new stuff for your business.

Auction Listings Are Vital to the Success of Fundraising Auctions

Fundraising Auction Tip: You should always provide potential bidders with a printed Auction Listing of both your Live and Silent Auction items at any Fundraising Auction. A printed Auction Listing is vital for several reasons:

An Auction Listing informs bidders of the order of sale, and what is coming up next. If you keep your bidders guessing, they will simply not bid.

If bidders are not 100% certain of what they are bidding on, they will not bid. A printed Auction Listing should answer any and all questions about what is being sold in order to encourage bidders to bid as much as possible.

Bidders often need time to plan their bidding strategies, especially on multiple and/or larger value items. A printed Auction Listing helps them to do that.

Couples often need time to consult with each other about what they are willing to spend on something. A printed Auction Listing helps them to do that.

Potential bidders need to know the specifics, the benefits, and the restrictions on any item they are going to bid on, especially on travel and/or other higher value items. A printed Auction Listing should answer all of their questions, in writing.

After bidders see that they have lost an item to another bidder, a printed Auction Listing makes it easier for them to re-strategize on what else they can bid on.
Printed Auction Listings generally come in 3 forms:

Printed in the Event Program or Auction Catalog.

Printed on loose sheets of paper and hand-inserted into the Event Program or Auction Catalog.

Printed on loose sheets of paper and hand-delivered to all attendees, or left on each dinner table in the room.
Auction Listings cost practically nothing to produce and they can make the difference between the success and failure of a Live and Silent Auction. You should never conduct a Fundraising Auction without one.

A Case Study

Let me share a real-life experience with you. Once I was hired to conduct a Fundraising Auction for a nationally renowned organization. The event was held in a major hotel, in one of the country’s largest cities, with several hundred “black tie” participants attending. It was an extremely professional event, with the music, singing, lighting, speeches, and awards all perfectly timed and choreographed. Everything was done to perfection… exception the Fundraising Auction.

Although I had signed an agreement to serve as their Auctioneer nearly one year in advance of the event, no one bothered to contact me for any advice or help. Approximately one week prior to the Auction date, I contacted the group to see if they had replaced me with another Auctioneer. But they said that I was still their man.

Upon arriving at the event I asked for a copy of the Auction Listing. I was told that there were none. I’m not sure whether they felt that the Auction Listing wasn’t necessary, or whether someone forgot to have them printed. This was never made clear. When I asked what I was to use at the podium, I was told to copy the list of Live Auction items from a committee member’s computer. It took me about 30 minutes to copy three pages of hand-written notes in order to prepare for my role as their Auctioneer.

I knew that they had created a PowerPoint program showing the various Live Auction items. When I asked whether the PowerPoint slide order corresponded to the order of sale I had copied from the committee member’s computer, I was met with a blank stare. The committee member left to check the slide order, and returned to let me know that the slide order did not correspond my notes, and he provided me with the correct slide order… hand-written on a paper napkin. This forced me to re-arrange my three pages of hand-written notes before taking the podium.

There was a Live Auction Table with descriptions of the Live Auction items that were to be sold, but the table was not clearly marked, and it received significantly less attention than the Silent Auction Tables, which were clearly identified. Since the Live Auction Table was located adjacent to the “Raffle Table”, it appeared that most people thought it was part of the raffle and therefore paid very little attention to it.

According to the event program (which did not include an Auction Listing), I knew approximately when I was to begin the Live Auction. At the designated time the Master of Ceremonies announced the start of the Live Auction to the several hundred people in attendance, and introduced me as Auctioneer. As I approached the podium I realized that photographs of award winners were still being taken… directly in front of the podium where I was to stand… which required me to stand aside for several minutes until the photographers were done. Can we say “awkward moment”?

As the photographers cleared, I approached the podium and began my Live Auction introduction. Approximately one minute into my introduction, the “Raffle Committee” approached the podium and stopped my Live Auction Introduction in order to pull the 8 or 9 Raffle Winners. These drawings lasted about 5 minutes. Upon it’s conclusion I was allowed to resume the start of the Live Auction.

When standing at the podium two intense and extremely bright spotlights were pointed directly at the podium. The lights were so bright that I literally could not see the center 1/3 of the room. I could see the tables on the right, and on the left, but was totally blinded when looking straight ahead. It took perhaps five minutes before the spotlights were turned off.

While at the podium and describing Lot #1, I had to ask someone to start the Lot #1 PowerPoint Slide… because apparently no one was assigned that job.

So with only the Auctioneer’s verbal description, and a PowerPoint slide, it appeared that few people in the room had any idea about what we were selling… or when we were selling it… until it was announced by the Auctioneer. As a result, bidding was extremely light and the final results fell several thousands of dollars short of where they should have been
The learning experience is this:

The Live Auction is where you place your better items, and where the real money should be made at any Fundraising Auction. Let bidders know as far in advance as possible what you will be selling, and the order of sale, so they can get excited about the Auction, and plan their bidding strategy accordingly.

Auction Listings are absolutely vital to the success of both Live & Silent Auctions. In my opinion, revenues at this Auction fell thousands of dollars short of where they should have been, because no Auction Listing was provided to the guests.

If bidders are not perfectly clear on what is being sold, including both the item’s specifics, benefits, and restrictions, they will not bid.

When you have a committee of volunteers, especially volunteers having full time jobs and/or very busy schedules, the services of a professional Fundraising Auctioneer can help to keep the committee on track.

And once you retain the services of a professional Fundraising Auctioneer… use the services that you are paying for.