Coverdell Educational IRA – Your Key to Saving For College

The Coverdell Educational IRA is one of the many college financing options you can avail. It is highly favorable in terms of tax and ease in savings. Originally called Education IRA, it was revamped and renamed into the Coverdell Educational IRA that we know today. This education IRA was renamed in honor after the late US Senator Paul Coverdell of Georgia.

There are also major changes in the features of the new and improved education IRA that allows many families to benefit. These are:

1. Upgraded contribution limit from $ 500 to $ 2,000 per year.

2. Additional money can be made until the tax filing deadline which is April 15.

3. Adult family members, relatives, family friends and godparents can put money into the child’s account as long it does not exceed the $ 2,000 yearly contribution limit. An annual excess contribution tax of 6% will be charged if the contributions exceed the limit.

4. For a child with special needs, he/she can receive an account and contributions even if he/she is 18 and above

5. High earning parents have limited contributions. To make full contributions for your child’s Coverdell Educational IRA you should either be:

-A single person earning $ 95,000 or less per annum, filing individually

-Married parents earning $ 190,000, filing jointly

If you are a single taxpayer earning $ 100,000, or a married couple jointly filing taxes and earning $ 220,000, you are only allowed to make limited contributions.

For higher earners, you cannot contribute at all as per IRS rules.

6. You can simultaneously contribute to a account while contributing to a state college tuition program, provided that these accounts are for a single child only.

7. Pre-college expenses can also benefit from account, so long as the expenses are eligible and within the scope of the allowable education expense.

Now, the one concern you are likely to ask is where to put the money? Actually, any financial institution that handles IRAs can help you. A bank, a brokerage, an investment company and others, can help you set-up an account and manage the funds. You may use any eligible investment medium that is offered by the financial institution. It could be through mutual funds, stocks, certificate of deposit, bonds and others.

There is a limitless way of investing your funds, as long as the total contributions will not exceed the maximum allowable limit of $ 2,000 per year, per student. If your child declines going to college, his Coverdell Educational IRA money can be withdrawn once he/she reaches 30 years old. However, this is taxable.

In order to save from taxes and to save money for other younger kids in the family for college by turning over the unused funds from your older kid’s Coverdell Educational IRA.

Like most IRAs, if you wish to get more you need to save as early as possible. Once you have a child in the family, it is advisable to put up a Coverdell Educational IRA as early as 6 months old. This helps parents establish a larger amount of funding for their child’s college expenses, and the ease in paying for these expenses are worth the effort.

Remember the important aspects of funding for your child’s college education: the earlier the better and a strong funding through Coverdell Educational IRA can make a huge difference.

6 Easy Steps To Building Your Home Based Business

In this article, I am going to reveal an easy, step-by-step roadmap for how to build your home based business. Let me ask you a couple questions…

Does building your home-based business really have to be so difficult? Do you really have to be a marketing genius or know a super-secret trick to build a successful home-based business? Well the answer is yes and no.

You do need to understand marketing and which marketing principles work. You also need to know what marketing principles don’t work. If you have ever read anything I’ve written, you know that I am not a fan of the marketing strategy taught by most network marketing companies and uplines.

You probably know it very well, the one where you chase after all your friends and family and twist their arms to get them to join your downline. It is not the best strategy for building your home-based business.

Here are six easy steps you can take, though, to build a solidly growing and profitable home-based business.

STEP #1 – CREATE YOUR LEAD CAPTURE PAGE & YOUR GIVEAWAY: Before you drive any traffic or generate any leads, you need to first have someplace to which to send them! Don’t work on traffic or advertising or anything else to generate a lead until you first create your lead capture page and create the giveaway you will give the people who opt into your list. Remember two things about these. First, make sure that the headline and text of your lead capture page addresses a SOLUTION to a problem or talks about a benefit of the product you offer. You do not want to talk about your company or the business opportunity it offers. Second, make sure your giveway is comprised of good, quality content — don’t make it a thinly disguised sales pitch.

STEP #2 – DRIVE TRAFFIC TO YOUR PAGE: Once you have your lead capture page and your giveaway completed and in place, now you should focus on generating leads and driving traffic to your page. Eventually and over time (and depending on your marketing budget), I would encourage you to use multiple sources of traffic. In the beginning, though, pick one source of traffic to focus on at a time. It doesn’t matter whether its article marketing, PPC, video marketing, Facebook advertising or whatever. In marketing, being a “jack of all trades but a master of none” does you no good. Stay with one source of traffic until you master it, then move on to add another.

STEP #3 – BUILD A RELATIONSHIP WITH YOUR LIST: There is nothing more important to do (next to building your list) than to build a relationship with that list. Send out periodic emails to your list. It establishes a relationship with them. It also helps to position you as an expert in the eyes of your prospects (which is one of the most important and effective steps to building your downline). Send them great content and good information. Of course you can sprinkle in some pitching and promoting, but you want to be sure that you provide them good content.

STEP #4 – ENCOURAGE YOUR LIST TO PICK UP THE PHONE: Take time and call your prospects, and encourage them to pick up the phone to call you. Have one-on-one interactions with them. No, that doesn’t mean every minute of every day, but being accessible to your list has extreme benefits. This is another way to grow your relationship and increase the trust factor between you and your prospects — and this trust factor will translate into a strong and profitable downline for you.

STEP #5 – HOST PERIODIC CALLS/WEBINARS: Periodically, host a presentation call or a webinar. The key is (and the big mistake to avoid) is to make these content rich. Don’t make these one giant sales pitch. On them, share a ton of really good content that educates your prospects and gives them relevant information on things about which they want to know more. Then, at the end, you can offer them YOUR solution to their problems and to what you want you know in your business (and your business opportunity).

STEP #6 – CLOSE THE DEAL: Once you have established a relationship with your list, positioned yourself as an expert and established a level of trust with them, then you are in a position to be able to monetize your business like never before. One, when you do make offers to your list, they will be much more likely to jump on them. Two, you will have a list that is loyal and whose long-term value will be high. Three, you will be able to teach these people what you do so that those who want to build their own business can replicate it.

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Finding the Right Path to Success by Joining a Home Based Business

There are so many people trying to achieve success not knowing what the right path is and this is what usually stops them from achieving the success that they want to achieve. There are many things that you can do in order to be successful but the one thing that I do suggest is to join a home business. But before you join make sure you dedicate some time to learning about the home based business industry.By joining a home based business you’re going to be able to educate yourself on the responsibility of having your own business. This is going to be able to open many other doors in the future as you continue to grow your business and increase your income. If you’re working at a job right now you can even replace your with your business as you continue to grow it.You’re going to be able to have the leverage of time to look into other things while still making the same amount of income. The reason this is possible is because of the residual income that a home based business offers. So as long as the people who you get in the business stay you’re going to be able to profit every single month. This is the power of residual income and the main reason why you should give a home based business a try.Keep in mind that if you are serious about being successful there are many affordable home based businesses out there for you to choose from and this way you won’t be hurting yourself financially.

Postage Meters For Small and Home Based Businesses Save Time and Money

How Home Business Can Take Advantage of a Pitney Bowes Postage MeterHome businesses are expanding throughout the world and with this evolution, a postage meter, such as those from Pitney Bowes (who produces 90% of the postage meters on the market) can add a dimension of professionalism. The Internet has given just about anyone who wants to, the opportunity to operate their own business from the comfort of their own home. Still, although these home-based businesses do not have the same overhead as traditional businesses, each one still needs to monitor its expenses and eliminate unnecessary ones when possible.Home businesses do not necessarily have to be web-based businesses. A hair stylist can run her operation out of her home as can a music instructor. When this happens, though, one factor is almost inevitably overlooked as a way to cut expenses and that has to do with postage. A postage meter offers many advantages to home business owners.When a home business owner needs to communicate with clients, sometimes this requires letters or invoices or any number of forms of paper transactions. Advertising that is mailed also requires stamps. This requires postage – and usually trips back and forth to the post office. Many home business owners claim they do not mind these trips, as it gets them out of the house. When one trip per week becomes two or three, then you are not only detracting from the time you have to promote your business, but you are also spending money on gas to get to the post office and back home.It is easy to overlook just how much a small business spends on postage. A Pitney Bowes postage meter, however, has the ability to track the number of letters and the amount of postage that was spent in a given period of time. When it comes time to track these expenses at the end of the month, there will be no more need for guesswork.A postage meter also eliminates the need to wonder how much postage to place on a given letter or package. A postage meter can weigh the parcel and determine, based on the destination zip code, how much postage is needed. Right down to the penny. How many times in the past have you thrown an extra stamp on a letter because you did not want it returned due to insufficient postage? When you run a business out of your home, the temptation to do this increases dramatically.Another advantage for home business owners that a postage meter offers is the look of professionalism. It is bound to have happened where you receive a letter from a business that was handwritten with a traditional stamp. The look and feel of the letter speaks of being unprofessional. By adding a metered stamp, your home business will look like any seriously professional business operating today. After all, image does mean a lot in the world of commerce.People want to feel that they are doing business with someone who is professional. A postage meter, such as those from Pitney Bowes, will not only save you money and time, it will also add that aura of professionalism people respond to in a positive way.

A Home Based Business is a Real Business!

Are you one of the thousands of people who do not treat their home business like a real business! Seems the majority of people treat their home business as though it is a hobby rather than the solution to make them financially independent and free from employment.Why do people treat their home business in such manner? In the beginning people are excited and ready to do whatever it takes to achieve success and bring in the profits. So what happens? Why is interest lost? Why do people lose enthusiasm and momentum? Why do they give up so easily? It takes effort to make a home business successful and many people find out they are not willing to stay the course.People want to achieve and always have. It is in our nature to want to live a productive and meaningful life! When we start a home based business, what is it that keeps so many of us from becoming the expert network marketer or owner of a successful and profitable home business?One answer is instant gratification. We have become a society that wants everything right now. We do not want to wait for anything. We borrow money and go into debt for years to get the new TV, new furniture, a car, and so much more.Much of our food is precooked or we go to the fast the food restaurants down the street and buy a pizza or hamburgers because we do not like to wait. We want to eat right now without the hassles of cooking. We make others wealthy instead of our selves all because we want everything right now!I know people that already have a home based business and others who are looking for a home based business and one thing many of them have in common is they want it to run on auto.I have bad news for people who want a business that works on auto pilot. A successful home business does not run on auto pilot. Even if people are affiliate marketers they still have to advertise the product. Many will post capture pages that are set up by the business they are affiliated with but they will also have to create and post daily ads if they expect to succeed in a big way. Most affiliate marketers will have to promote and advertise not just one but many products to make the kind of money they truly want and advertising takes a time and effort.When people start their new home based business the most common goal is financial independence. That means they want to replace the job they have worked for 40 to 60 hours a week, month after month and year after year and stay home for good.So, what happens when people start their home business? They do not get the instant gratification they expected and when they realize it will take many months or several years to achieve their goal, they begin to procrastinate until they finally give up and quit. Their excuse is… it does not work.The truth is most people are not willing to put two or three hours a day into a long term goal because they want success right now. They finally decide it is not worth the extra effort. They do not believe short tiny steps forward can lead to financial freedom. Their desire is not strong enough because success is not instantaneous.If you have a desire is to start a home based business and replace your job, think in terms of a three to five year plan. Decide in the beginning it will take a least that long if you work it part time, say two or three hours a day. It is worth a couple of hours a day for three to five years to replace your job forever right!If instant gratification is what you want or what you expect, chances are you will not hang in there for the long haul and you will not succeed. Start your home based business with the right attitude and thought process and you will increase your chance of success many times over. Instant gratification is not the foundation a home business is built on.The foundation for a successful home business is consistent effort until the task is accomplished and financial freedom is achieved. If you want to build a successful home business you must treat it like a real business and not like a hobby!

Investment Property – Finding Discounted Properties

Investment Property – The FutureInvestment property continues to be a popular form of investing for the future. Some chose investment property as a way of funding educational fees in the future. Others may chose investment property to help secure a more financial future, fund additional investment property purchases, or they may simply choose investment property as a way of creating passive income so as not solely dependent on their mainstream employment.Investment Property – Interest RatesDespite recent interest rate rises, the property investment market in the UK remains strong. There are a number of reasons why investment property in the UK has remained a strong contender in the investment market. The UK investment property market has experienced a high level of growth especially over the last six years. But historically property in the UK has doubled every 10-15 years. In the last few years, the UK has seen dramatic increases in investment property and incentives for landlords and investors which has seen some investors buying investment property in the UK for up to and occasionally with over 20% discounts. These represent significant savings to a property investor buying multiple investment properties and subject to sourcing the best buy to let mortgage products for these investment property deals, can often result in the property investor having the ability to buy an investment property with little or no deposit.Investment Property – Finding DiscountsFinding investment property from property developers with genuine discounts can be a time consuming exercise. It is important to identify whether the discount being offered for the investment property is genuine or whether the gross price has been inflated on the investment property to allow for the discount. Establish whether it is a genuine discount on the investment property by getting comparables of other investment property that has recently sold and at what price. Although bear in mind, some investors are able to negotiate better discounts on investment property than others. This may be due to the volume of investment properties that they have either bought already from the property developer or the number of investment properties they are intending to buy. Just as important, is to establish what the likely rental figure will be for the investment property as this will often determine the overall loan amount you can achieve on the buy to let mortgage loan for the investment property.Investment Property HotspotsIf an investor is looking at investment property in property hotspots or areas that are experiencing high levels of regeneration, it can sometimes require them to fund a higher level of deposit for the investment property initially whilst the rental figure remains relatively lower than the general market average for a new build investment property of the same value in another area. Property investors with a long term view on investment property will still see this as a positive action to take for their investment property portfolio in the knowledge that as the regeneration area becomes more developed, the potential rental demand for the investment property will increase at which point they will use this time to look at re-mortgaging their investment property to release the capital that they had additionally funded. Typically a buy to let mortgage for an investment property will require the property investor to fund at least 15%. Although some buy to let mortgage lenders are offering up to 90% buy to let mortgages on investment properties.

Personal Finance – Helps You To Keep Your Finances Well

When you are shopping for personal finance, it happens to be important for you to know what you need. You get choices in between secured and unsecured of finance. Both the modes of accessing the money provision make it feasible to every borrower. Homeowners get lower interest rates, but this form of financing is done on their house. So if you end up in arrears, you could end up homeless. The money provision enables you to keep borrowing or to pay back large sums wherever you require when you require. With the help of this, your car purchasing plan gets easy with your dream drive. In addition to this, the taken amount is repaid at the end of the loan term. You can pay off the expense of your holiday and wedding. And importantly, people can invest the amount to repay their debts and dues.

Financing costs are paid when you applied for it. The cost includes the whole application and approval process. It is required that you may take in mind how much finance will cost. Besides this, you should also know this that there are some factors which determine the amount of the financing. These factors are as:

o your current income.

o your credit status.

o Interest rate of the existing mortgage.

If you want to finance at the lower monthly cost, you will need to stay in your home for several years to gain the cost of financing. Though you can take out the provisions through the other mode too i.e., unsecured form. For that, you do not have to place any of your worth asset as of guarantee for you loan repayment. But, securing such money provisions takes a little more time of yours.

That too is not a big deal anymore. Numerous lenders are going in for this prospect. As a result, it has given rise the existing competition amongst lenders. However, for your fast processing and easy approval, there is an online loan provision too. You can apply for such personal finance online. Only a simple online application form is filled in and in the corner of the day the fund is ready.

Using a LCD Advertising Display to Promote Your Retail Business

Digital advertising is one of the quickest growing industries and has not been damaged by the recession. Why? That’s because every company no matter big or small need to advertise their products or services to increase sales. And comparing to traditional advertising such as printed posters and banners, digital advertising has many advantages including enhanced customer experience, better service and brand awareness.

This digital advertising format using a form of electrical display that displays video, graphics, RSS… to attract potential customers’ attention and to have a direct influence on them for the displayed brand or products, we call it digital signage.

There are two main types digital signage in general: outdoor digital signage and indoor digital signage. Outdoor digital signage can be seen along our high streets, trunk roads and even on office buildings out walls. While indoor digital signage is widely used at retail points, health center and waiting rooms of public places.

How digital signage can help your business?

One of the most important advantages of using digital display is creating brand awareness and influence consumer behavior, and enhances the customers’ experience again and again; as a result it brings a great return on investment for advertisers.

Another advantage of using digital advertising is that it brings more promotion opportunities for your business. Unlike static banners or posters, digital signage displays can provide more informative content and interactive messages. With the digital signage system, you can manage and update the content that is shown on your digital display remotely and timely.

And digital advertising display can trigger consumers’ impulse buying by exposing promotional messages at the right place and at the right time at the retail points like supermarkets, restaurants and shopping malls where consumers make their buying decisions. So it promotes the sales of the advertised products immediately.

What effective and cost saving device we can use as digital signage?

The most common type of digital signage that you can use is a LCD advertising display, which is a LCD display with a built-in media player and hosts the ads locally on a SD card or CF card, in a lockable, safe partition.

The purpose of using LCD displays for advertising is to attract customers’ attention with the real time information and display. It is a great exposure for both the company brands and products. You may have seen them installed at shelf edge in stores or mount on wall offering the latest discounts info and the advantage on products and prices compared to other competitors. Sometimes the advertising screens provide demonstrations to show customers what great function and features the product is and how simple to use it.

And there are some great features of a LCD advertising display you can benefit from:

Some LCD advertising monitors are with a built-in motion sensor that can activate the LCD displays to play automatically as it detects an approaching viewer. And it turns off after a few seconds the viewer left to save power.

There is a timer function with an advertising player that allow you to set the player to power on / off at a pre set time. It is wonderful to automatically power on when the store is about to open and power off when the shop is closed.

And when want to change the advertisements content in the ad player, it is also quite simple. The advertisements content in the player can be updated via a USB flash drive easily.

With all the great features of LCD advertising displays, it gets your advertisements noticed and promotes your business.

The Finer Points of Internet Auctions


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.


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.


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.


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.


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.

How to Find Great Live Auctions for Resale Items

Hi, my name is Walt. I’m an auctioneer with 25 years of experience in the auction business and licensed in the state of MA. I own Quick Auction Service, a company that specializes in building and running custom auctions, I’m also the webmaster of my own site and have been on eBay for 8 years. Besides eBay, the types of auctions I run most frequently are antiques and on-site estate auctions, although I’ve run everything from business overstock auctions to charity & special event auctions.

I enjoy sharing my knowledge and stories of the auction business. My goal for article is to help folks get the absolute most out of their auction experience.

Whether your fresh out of the package or a seasoned dealer I think I can offer something in this article to help you with your auciton adventures.

There may be as many reasons to attend auctions as there are types of auctions to attend. Maybe you want to attend an auction to buy items for re-sale on eBay, or some other market. Maybe you want to furnish your home with wonderful antiques, or you want to furnish your home as inexpensively without sacrificing quality.Some folks are just looking for a fun night out. With a little perseverance all these things are possible.

There are antiques and estate auctions, auto auctions, overstock auctions, absolute and no reserve auctions, real estate auctions, specialty auctions where only one genre of items are sold, tailgate auctions, live auctions, online auctions, sealed bid auctions, silent auctions, charity and fund raising auctions and many more.

Can you really buy for pennies on the dollar at an auction? You bet! Many times I’ve seen folks buy and re-sell at the same auction on the same night for a good profit, although be advised, this should only be done after the auction is over.

There are a lot of ways to find an auction, but here are some tips on how to find and attend the best ones.

Visit the genre of shops in the area that apply to the type of auction you want to attend. IE: If your looking for a good antique auction to attend, stop in the local antiques shops and ask for what there are for good auctions in the area. Sounds obvious right? But listen to what they don’t say as well as what they do say. Oftentimes when a dealer speaks poorly about an auction he or she attends, it may be likely that they are trying to keep a good thing secret. Think for a moment, why would a dealer keep attending a lousy auction?

Newspaper ads: I personally like to find ads in the classified ad section rather than flashy display ads. Flashy ads are usually indicative of an auction that will be high priced, may have reserves, (a set price on an item), and usually an enormous crowd. While any auction can be profitable to attend, it is usually best to steer clear of the glitzy ones, at least for the beginner.

Here’s the minimum you want to find out before you go. If there is a phone number in the ad, call and ask for the terms of the sale. What forms of payment do they accept? Is it an absolute auction? An absolute auction is one that has no minimum or reserve bids on items. These are the best auctions to attend! Is there a buyers premium? A buyers premium is like a tax that everyone who makes purchases at that auction must pay above the winning bid price. Most auctions these days do charge a buyers premium, 10% is not unreasonable but I feel much more than that is greedy, and the auctioneer that charges over 10% is counting on most bidders not doing the extra math as the bids quicken in pace.

A fair auction will have ample time to inspect the merchandise, usually at least 2 or 3 hours. Find out when inspection starts and make sure to attend! Never attend an auction if you can’t make the inspection, not unless your prepared to gamble. Most auctioneers sell at a rate of about 100 items per hour, which is why they sell “as is”. They simply don’t have the time to give a detailed description of all the items. Since almost all items at auction are sold AS IS, there are sure to be some damaged, refinished, fake and incomplete items at any given auction. Beware of any auctions that offer very little or no inspection time.

Good auctions will usually have 150 to 400 lots. A lot may be one item or a group of items. The exception to this are specialty auctions, auto auctions, real estate auctions etc.

When you attend your first sale, take note of the 1/2 dozen or so dealers that buy the most often. See if you can find out about other area auctions they attend.

When you do find an excellent auction, attend it as often as possible. By frequenting good sales, you help increase the bottom line of that business. It’s difficult for many auctioneers to keep the quality of merchandise consistent, so good attendance certainly helps. And when an auctioneer gets to know you as a buyer, he/she will go out of the way to accommodate you, to keep you coming back.