Auctions are those events where properties or goods are sold to the highest bidder. Auctions are mostly public events, where bidders make a series of bids and purchase a particular item for a high price. During auctions, bidders decide the price of an item rather than the seller. It depends on bidders to decide the amount they would want to pay for a specific item. During an auction, a bid is a proof of a legal binding. Bidders agree to pay the amount that they have bid. In a high profile auction, bidders may have to pay a deposit in escrow accounts or give a proof that they can pay for those items.

Types of Auctions:

Different types of auctions take place around the world. Below mentioned are some types of auctions:

1. English auction:
This is a basic type of auction. In this type, people can see the item and then start bidding. Bidders slowly raise the value of their bid until everyone gives up. The highest bidder is the winner. An auctioneer manages an auction, keeps records of the on going bid and decides the winner. Sometimes, the seller will quote a minimum amount for an item to the auctioneer, below which the auctioneer cannot sell that item.

2. Dutch auction:
In this type, the auctioneer sets a particular price and then gradually lowers the price. People in public will start bidding and later decide which prices are suitable for the item. A seller may use this type of auction to sell large quantities of same products to the public. For instance, a seller may want to sell a large amount of hay and will thus, decide to sell this hay to people for the same amount, once a reasonable price is decided.

3. Silent auction:
In this type, the bidders in public will present their bids in a sealed format. These sealed bids open at the same time and bidder with the highest bid wins. There could be a modification in this type of auction. The bidders are allotted a specific period to bid. They can roam in a room displaying the items, and write their bids on an associated sheet of paper. The bidders are allowed to see bids of other bidders and can choose a higher price for an item. At the end of the allotted time, bidder with the highest bid is the winner.

Examples of Auctions:

Auctions can be of two types either public or private. Sellers may trade any kind of items in both types of auctions. Some areas where auctions take place are:

1. Antique auction: An antique auction consists of a trade opportunity as well as provides entertainment.

2. Collectable auction: In a collectable auction, the seller may put up collectables like coins, vintage cars, luxury, stamps, real estate, and luxury for sale.

3. Wine auction: In wine auction, bidders can bid for rare wine, which may not be available in retail wine shops.

4. Horse auction: Bidders can bid for young horses of the best breed.

5. Livestock auction: In livestock auction, bidders can buy pigs, sheep, cattle, and other livestock.

The other examples of auctions may not be public. These auctions are for bidders from corporate levels. Some examples of private auctions are:

1. Timber auction
2. Spectrum auction
3. Electricity auction
4. Debit auction
5. Environmental auction
6. Auto auction
7. Electronic market auction
8. Sales of business auction

Bidders in an auction need to examine the items displayed and decide an appropriate price for an item. Thus, auctions help buyers in getting the best deals and in gaining better profits for sellers.

You’ve sat at home all day, you have the motivation and the desire to work and succeed, yet you are probably wondering just what is it you can do to achieve this, right?The answer of course, is to set yourself up with a home based business. However, this isn’t always such an easy thing to do. There are so many ideas out there that it can be difficult to select the best one for your skills and experience. Not only that, but then there are also other things to consider. You might be wondering if a certain idea is profitable or not, how much time you will need to spend doing it each day, and even if the business is going to be legitimate or not!Another thing to remember is that there is a very fine line between what is a home based business, where you are the boss, and what is a home based job, where you are still an employer. Indeed, with most home based businesses, especially when you first start out, you will probably find that you are filling both roles at once.While it might seem difficult to decide where to begin, the best way to start is to consider your skills and experience, together with your own interests. You should also consider what is profitable, so it may pay to carry out a little research about what services people require that you can deliver. Remember to keep an open mind too, and be prepared to do things that are closely related. The most important thing is that you never pass up the opportunity to use your talents and skills to create income!When you come to decide upon your new home based business, one thing you mustn’t do is make your decision based only on the potential earnings you can make. You’ll need to make sure that whatever you are doing is something you will enjoy doing, something that holds your interest, because you will be spending an awful lot of time working on it. Of course, income is a big consideration but just be aware that it’s not the only one.And now for some ideas. There are hundreds of types of home based businesses that people operate successfully, amongst them many common ones that are operated by hundreds of people and all carry a big demand. You might want to consider accounting, buying and selling on eBay, pet grooming, answering calls, cake decorating and design, cleaning, child care, desktop publishing, family history tracing, freelance photography, online marketing, business consulting, freelance writing, researching, proofreading and editing, recruiting, resume writing, web design or secretarial services. All of these are very common and profitable home based business ideas, and there are many more out there as well.So consider what it is you are able to do, bearing in mind that not only do you need to do it well, but you need to do it quickly as well. With most home based businesses, time is money. One last thing you might want to consider if you’re still unsure is to check out One24 a ground floor, unique company offering a no risk, no upfront cost home based business opportunity with the potential to retire in 2 years.

There are several factors that can compel you to give up your full time outdoor job, and family commitments are the most important of all. But, does this put an end to your ability to contribute to the family cash box? No. The internet offers an opportunity to make money online with home based business. So even if you cannot leave home, you can start earning in the comfort of your home.This income model is one that is operated from your home, and can earn a big cash sum if planned and executed appropriately. Such business model can be a service or product based. Do you want to know some ideas about it?Core ideas to make money online with home based business:- Selling Goods: A person can buy goods at wholesale rates and resell them at higher rates to make a substantial profit. You can sell clothing, jewelry, perfumes, books and many other items. Individuals can also sell goods like artwork, music, gift baskets and crafts that are made by them.- Providing Services: Many companies outsource non-core jobs to third party service providers. As a service provider you can offer services such as computerized accounting and bookkeeping, consultancy services, medical billing, transcription, HR services, web designing and development, home staging and cleaning services and working as a virtual assistant. You can also get paid to write for other sites.- Work as a franchise: A franchise functions as a representative of a bigger company selling products and providing services on their behalf. They work on commission basis. However, it requires that you buy the rights from the company to use their name.- Affiliate Marketing: You can advertise someone else’s digital and/or physical products using links and content blogging on your site in exchange for a commission.Do you have to pay anything to Start it?Whether you will have to pay in order to make money online with home based business depends upon the business you intend to start. Some of these businesses entail a start up cost which includes the charges for purchasing hardware, software, equipment, office supplies and advertising. Selected highly skilled professionals such as resume writing and consultancy services can start with little or no investment.What you need to make money online with home based business at starting point?- Identify your hobbies, talents or skills to create a successful business option.- Determine the scope of the home based business you have in mind by researching the market.- Weigh the pros and cons on different grounds.- Determine the area of operation- Do you wish to operate locally or expand your services elsewhere?- Consider the zoning laws and regulation before starting a home business. In some regions, such businesses are banned while others require a special license.- It is advisable to involve a lawyer and insurance agent in the process.