I must admit, it was very exciting creating my first digital product for my home based business. To me it felt so awesome seeing my name up in lights, beaming out to an audience of fans as if I was a Broadway Star or celebrity. I told you it’s very exciting!Having your name on something that you created from a tiny thought in your mind, worked and reworked putting hours of time in the process to me is an incredible feeling. An amazing transformation takes place inside your being when you recognize the power that you have within. Your creation will be online for as long as you want to share it with others in your home based business. Your product will contribute to our history impacting the lives of all who seek your wisdom, fascinating.Here are some tips to start creating your digital product today!1. Decide on a Topic:
You’ll need to select the topic to build your product around. Do research to determine if your topic will provide value in the home based business market place or is in demand.A great way to identify this is to search on Amazon and check the topics others are interested in or creating products for already. Another great place to identify the topic you want to tap into is in forums. If there is a niche you target in your home business, consider signing up for a forum that is related and tap into the conversations. Identify problems and find solutions to assist.2.Get Inspired:
What resonates or interests you? What are you personally passionate about? Do you like expressing yourself better through the medium of video in your home based business? You can create a webinar course. If writing is more for you, write an e-book. Choose your creative weapon that will crush fear and inspire others to greatness. When you start with a topic that interests you the creative juices can flow effortlessly.3. Choose a Format:
Know what format of delivery you will use for your digital product. You may need additional resources depending on the product you decided to create, plan ahead of time. You may need to budget for it in your home business or allow time for creation. If for example you are creating an e-book, you will need a cover design. If you are outsourcing the job to someone, there will be a cost and time constraint involved.4. Be Authentic:
Provide value with confidence. If you need to gather more experience or training on the topic you are considering, start putting your daily action plan into motion until you feel comfortable. You are beginning the journey for branding, You Inc.. When you share your true authentic self with others in your home based business only great things can happen.My first digital product I created was an e-book, a home business power tool. I found this to be a fun project despite my learning curve. The experience for me was very rewarding. It captures my passion for helping others achieve success in their home based business.
Creating Digital Products For Your Home Based Business
The Awesome Advantages To Owning A Roomba Vacuum
In recent years, it seems like technology has taken over our lives. Sometimes it’s hard not to wonder whether all this technology really does make things better, or is just technology for technology’s sake. But every now and then an improvement comes along that is clearly a big step forward from where we were before. The Roomba vacuum is such a step, and it’s unique design saves people a lot of time and energy.
There has always been one major problem with vacuuming your house – and that’s the fact that you have to do it at all! There are very few people who jump up and down with excitement at the idea of pulling out the vacuum cleaner. Most people would rather put their feet up and watch a movie, or read a good book. Wouldn’t it be great to have your floors vacuumed, without you having to do the work?
Well, that’s exactly what the Roomba vacuum is designed to do. It’s a huge leap forward in vacuum cleaner technology, making it an effective and smart way of vacuuming. The Roomba vacuum has a special robot inside, which is designed to make it move around and search for dirt on your floor. It will be able to negotiate its way around furniture and any other obstacles in your room. So you don’t have to worry that your precious furniture will get damaged when the Roomba vacuum bumps into it.
If you look around, you’ll find plenty of places that sell the Roomba vacuum. Most vacuum cleaner stores now sell them, and so do many electronics stores. Considering how advanced they are, they’re quite reasonably priced. That’s even more the case when you consider how much people would be willing to pay for a vacuum cleaner that did all the work for them!
A Roomba vacuum would make a great gift for someone who has difficulty moving about, or who struggles to push a vacuum around the room. It also removes the need to carry a heavy vacuum from room to room. They’re a great present for a grandparent, parent, or anyone else you know that could do with some help in vacuuming. Anyone who receives a Roomba vacuum will appreciate the care and thought behind your gift.
The directions are easy to follow, which makes it easy for anyone to work out how to use their new Roomba vacuum cleaner. So whether it’s for yourself or for someone you care about, take a look at the advantages of a Roomba vacuum and buy one today.
Hiring An Auction Company
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.