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Make Money With Storage Unit Auctions

Starting A Storage Auction Unit Business

Storage unit auctions have been a very lucrative way to make money, it might look like a gamble where sometimes you win it and sometimes you lose. But actually there are some tips you could follow to profit in this money making venture. Some strategies you can employ to minimize losses and make big profits from these auctions just by sticking to these standards and making professional and logical moves that could only spell success and profits for you.

Success in making right decisions on storage auctions and merchandising requires following some fundamental rules. The most basic of these is to obtain items of good quality that people will actually want to purchase, and to acquire them at a low enough cost to ensure adequate profit. Once this challenge is met, the entrepreneur’s success is largely assured.

What You Need For A Storage Auctions Unit Business

Basically having capital to buy out storage units being auctioned would be necessary to get you rolling. Looking for these storage units auctioned would be the next step. It would not be that hard to find, there are many storage units everywhere and they auction very often for non-payment of rent for the storage unit.

Start-up costs are minimal: a van or pickup truck (a trailer towed by a car will do) and a few hundred dollars are all that is required to begin your own business. Across the United States a huge supply of desirable products exists for low prices. Furniture, electronics, appliances, clothing, books, art, toys, tools, and a plethora of other goodies can be had for a fraction of their true value. The purchaser can use these items themselves, or resell them for a generous mark-up.

The first time I participated in a storage auction, I actually had to borrow the $500 I spent on purchasing the unit. I had terrible credit those days, so I used one those bad credit personal loans that you find on the internet. The interest rate was a little higher than I liked, but I didn’t matter because I made more than $1,500 selling the contents of that unit and I was able to pay back my loan within days.

Growing Your Storage Unit Auction Business Over Time

Start A Storage Unit Auction Business Taking into consideration that there would be times that you bid for items that are in the end you would find out, have less value than what you gave out to for the bid. These cases are inevitable but you could always reduce the chances that these would happen to you. Remember that your primary goal is resale. It’s through resale that you would gain profit, don’t bid for $300 for goods that would resale only for $50 its always a good idea to check local flea markets, yard sales, classifieds, salvage stores, E-bay etc. for prices to make better judgments on how much you should spend or bid for certain goods.

The best way to start bidding is always bid low, have a limit, for example put your limit at the 50% of the actual price of the goods. This way you are sure of your profits. You can determine the value by always estimating the resale value of the goods. Auctioneers would always open the storage units so you could see its contents, this is your chance to evaluate and give the goods a certain value. Then you can now place your highest bid at the limit you have set which is 50%.

Another tip is always sort the goods on the spot after the bidding make assessments on items that are of true value and those that are going straight to the junkshop. This way other bidders might be interested at some of your items and would be willing to buy it from you easily making your first resale on the spot. Sometimes some of the items would need a little work or repair. Always look beyond the dust and scratches of the items, look over them very well and sometimes you might find that a colored TV only needs a new part, a lawnmower only needs a new sparkplug. This way you raise the items value by making it usable again.

Remember that where you usually find the prices for such items are also the best venues for you to sell them. Storage unit auctions can be a hit or miss, some have been able to make their money back by selling the goods purchased and others have lost money due to the fact the unit they bought didn’t yield items with high enough value. Even though these types of auctions can be much like Christmas, not knowing what you’re going to get, they provide a different way to bid and their popularity is increasing as more and more people learn about them.

How Selling your Home Quickly Can help you to Make Money

MortgageWhile the recent level of growth in the UK property market may have slowed significantly during February, economists have been quick to allay fears that the recovery may have run its course. In fact, the majority are adamant that prices will remain competitive for the foreseeable future, while also managing to avoid the formation of a dreaded bubble.

With this in mind, there is a clear drive among property developers to expand their portfolio while such an opportunity presents itself. Such growth also provides a unique opportunity for regular home-owners with their foot on the property ladder, however, especially those who are looking invest in a new home or expecting a new family member.

As the demand for property remains high throughout the UK, these individuals can look to sell their home quickly without compromising on its long-term profitability. Consider the following benefits of this and how they may impact on wider economic recovery: -

1. Capitalise on Market Growth

Although the current market may have peaked in terms of bottom line value, there remains an incredible amount of profit to be made by executing a quick and efficient real estate sale. This is also true nationwide, as property prices remain robust outside of London and further north of the Midlands. As a home-owner, you can therefore capitalise on this growth to sell your home for a significant profit, without being forced to endure a long and drawn-out negotiation. In terms of maximising the resale value of your home, your ability to act quickly and in a proactive manner remains the single most pivotal factor

2. Reduce Fees and Commission Costs

Ultimately, selling your home through the traditional methods can be extremely time-consuming. In addition to this, it is also not particularly cost-effective as you will be forced to retain certain professional services for the duration of the process. Alongside standard legal and conveyancing fees, this creates a sizable financial cost that eats away at any potential profit in your home. By looking to solicit the services of a specialist firm such as the House Buyer Bureau, however, you can take a significant step towards reducing these fees and the involvement of costly industry professionals. This not only minimises your up-front financial commitment, but it also means that you are able to maximise the inherent value within your home.

3. Reach-out to a Motivated Group of Buyers

In a robust and prosperous real estate market, the level of positive sentiment that exists can be extremely impactful. This creates a group of cash-rich and motivated buyers, who are either looking to develop a real estate portfolio or invest in a brand new residential abode. Either way, the ability to market your home quickly and push for an expedited sale will help you to reach-out to this demographic, and ultimately achieve the highest possible price for your home. In an ideal scenario, you may even be able to create a certain level of competition among buyers and drive the price up beyond the established value of the property

How to Make Money Playing Poker Online

Starting A Online Poker Playing Business

Can you really make a decent living playing online poker? People would usually say that gambling isn’t a job; you can never get a full-time living with online poker. But more and more people are discovering that if they are good at playing poker they can actually get a hefty amount form playing and in turn make it a full time business.

Online poker has already been a good business for its accessibility; you can play anywhere as long as you have a computer and internet connection. Playing poker for a living requires more than just your love of playing and winning. You need talent, patience, discipline, dedication and disposition to succeed in this kind of money making endeavour.

What You Need To Be A Online Poker Player

First thing to get you on track is to get a computer and internet connection. Sign up for online casino poker sites and get started playing poker. If you’re a new player start out in small stakes games so you could have a low risk start. Pick the rooms for newbie, and get used to the environment. Always remember that walking away is always an option. Don’t risk too much and get the feel of how playing in an online poker table.

There are any advantages in making online poker as a full time business for a living. You don’t have to report to a boss, you are your own boss. You have command of how much time you spend playing/working. You could play anywhere around the world, even at the comfort of your own home. In online poker you don’t get intimidated by other player because you can’t see them and their reactions. You also don’t go waiting around for a table, online poker provides hundreds or even thousands of tables for you to quickly play.

Growing Your Online Poker Playing Business Over Time

When you start getting a hang of earning money from playing online poker, its time to raise the stakes much higher and get yourself some big bucks. Don’t stop playing low stakes tables, keep on playing and winning at these tables to cover any losses in high-risk games. This way even if you play and lose on high-stakes games you wont lose that much.

Also remember that when playing online poker as a business even if its part-time is taxable, so you have to pay your taxes just as if it were regular income. But moving out of the states would deduct a hefty amount from the taxes you pay. This is a way that almost eliminates most income tax but you must still pay your FICA and Medicare taxes.

One last thing to remember is to always have options other than playing online poker, in this kind of game its easy to win big but also lose it big fast. So having alternative sources of income ready would not put you in hot water when bad luck strikes. Seasoned players also say that its also tiring to just play poker, it also gets very repetitive. So always take a break when you lose a number of games in a row.

What is a trading plan and why do you need one?

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Whether trading is your full time job, whether you devote most of your spare time to trading, or whether you only dabble in trading as a hobby, it’s important to recognise that trading is a business. Check out this link to visit Etrade & get started trading online today.

If you want to succeed, then you will need to not only recognise trading as business, but also treat it as a business as well. That means making a trading plan. Just as you wouldn’t start a business without a business plan, you shouldn’t start trading without a trading plan. As they say, “Fail to plan and you plan to fail.”

What is a trading plan?

A trading plan is a set of guidelines or a structure that defines your trading activity. It includes the steps you must follow when entering and exiting trades according to the rules of your trading strategy. It helps you to focus and adhere to your trading strategy, and it can prevent you from making trading mistakes, making impulsive decisions and overtrading.

There is no ‘ideal’ trading plan that should be used by all traders. Just as each trader must find the right trading strategy for him, he must also develop the right trading plan as well. While there are no hard and fast rules for creating a trading plan, there are certain elements that should be incorporated.

Who needs to use a trading plan?

Everyone from novice traders to professionals should have a trading plan. How much you use your trading plan, or the way in which you use your trading plan is up to you. However, the benefits of having a trading plan in place are extensive.

Benefits of a trading plan

Learn from your mistakes

Using a trading plan means you are documenting your decisions and their outcomes. While you may not succeed every time, documenting your mistakes allows you to look back on where you went wrong, make the correct changes, and avoid making the same mistakes in the future.

Manage your risk better

When you create a trading plan, you decide how much risk you are willing to take. By having your risk structure in writing, it can be easier to stay within your boundaries while trading and avoid risky trades.

Know your entry and exit strategies

One of the most important aspects of trading is knowing when to enter and exit the market. Having it all on paper helps you to define your exit and entry strategies, and stick to them. This can help to reduce stress and adhere to your trading strategy.

Stay focused

With your trading plan on paper, it can help you stay focussed on your strategy and can prevent you from making impulsive decisions – even when the market is volatile. Having a trading plan can help you to stick to your strategy and trust in it.

Evaluate

Keeping close documentation on your trading activity not only allows you to learn from your mistakes, it also allows you to look back and evaluate how well your trading strategy is working, helping you to look at the big picture.

How do you create a successful trading plan?

If you want to create a successful trading plan, you need to ask yourself the right questions. Look at your situation now – including what kind of trader you are, how much experience you have, and how much capital you have to trade with – and look at where you want to be – including what you want to achieve and in what timeframe, and what success is to you.

Your trading plan will incorporate your motivation for trading, your attitude to risk, your trading knowledge, and your dedication to trading. Using this information, you can develop a trading plan that helps you to succeed as a trader, and helps you to set and achieve your goals.

Which of These Essential Currency Trading Tools Are You Using?

The currency markets are growing ever more popular, with daily turnovers reaching far into the billions of dollars.  It’s easy to see why people are clamouring to get a piece of the action, and the best news is that anybody can get involved. It might be a risky game, but if you play your cards correctly, you can make a serious amount of profit.

There are a variety of tools available to the novice trader which can help ease you into things, so don’t be afraid – you don’t need a lot of capital and a range of expensive trading equipment – all you need is internet access, so make the most of the tools below, and you can be trading like a professional currency investor in no time at all.

1 – Fundamental Analysis

There are a range of services that will send you emails and automatic updates about the fundamental factors which have the potential to impact your trading performance.  Fundamental factors include the geopolitical and socioeconomic situations which can alter the predicted trajectory of a currency, destabilising the markets. Therefore, having some knowledge about what’s going to happen is essential. An economic calendar displays all of the fundamental analysis you could ever need, and it’s usually free.

2 – Automatic Chart Pattern Identifiers

Although you might be a maths genius, nobody has the time to sift through the massive amount of worldwide currency data that flows out of the markets on a daily basis – it’s literally impossible.  Therefore, a number of investment brokers have developed programmes to do this for you, identifying chart patterns which express the potential for investment.  This means that you can focus on outlining the fundamental factors which could affect your investing strategy, an area which technology has yet to develop a solution for.

3 – Historical Evidence and Big Data

In a particular circumstance, there might be a hundred trading strategies which you could take advantage of, but it is likely that only one or two will provide you with the outcome you’re hoping for. Therefore, having access to historical data of trades past will help you to rule out the strategies which might be potentially detrimental to your trading development.  A trading platform such as Meta Trader 4, which is used by a range of forex brokers has this capacity built in.

4 – Social Advice

With the majority of trading platforms, a trading social network can be used by any investor seeking advice on a potential trade strategy.  This means that as well as using historical data to help you, you can see how other real, individual traders developed their own strategies.

Ultimately, trading without these investment tools could be potentially dangerous, as all investment can be described as a process of limiting risks to a certain extend.  After all, investment has been likened to gambling, so it’s important to make sure you’re doing everything you can to prevent a loss!

How to Easily Get Your Hands on Some Quick Cash

Save3Getting your hands on some quick cash can be extremely difficult if you do not know where to turn, and you do not want to borrow from friends and family as this never ends well. It also encourages poor money management, and the best way for you to learn how to earn and save money is through managing your finances yourself and taking responsibility for them. So what should you do if you need to make a purchase, pay for some repairs, pay for unexpected wedding expenses or anything else? The smart financial move for you to make is to take out something called a short term unsecured loan, and this is a quick and easy way to get your hands on some easy cash.

You may think that taking a loan out is not a smart move and it will be a long, drawn out process. This is not the case, and especially for short term unsecured loans as you can even get the cash you need on the same day. Not just this, the process is amazingly quick and straightforward as it can be done online, so it is minimal stress for you and you can even do it from the comfort of your own home. With just a few clicks and a short wait for your decision you will soon have the cash to spend how you need it, and this makes it the quickest and best way for you to have the money that you need. With this type of loan you can generally take out loans between £300 and £1000, and this should be plenty to cover your needs.

Repayments made over Time

The repayment plan will vary with different loan providers, but it will usually be over 3 to 12 month terms. This means that you should easily be able to make the repayments without it having an impact on your lifestyle, so it is a win-win situation for you.  Perhaps you have an investment opportunity and need some quick cash, it could be to pay your bills, pay for sudden unexpected repairs or any other reason, and you will not find a better solution than to go with a short term unsecured loan as it is a quick, stress free process and you can get the cash the very same day.

You Can Do That Online?

Every year I get more and more amazed at what you can do online.  It seems like only yesterday that the only thing you could do online was browse message boards.  Now, most people use the Internet as their number one source for information.  And with that, there are more and more things that you can do online that you previously couldn’t.

Banking 

Just about every bank now lets you do banking online.  Most banks allow the simple transferring of funds from different accounts, but many banks are starting to allow online deposits of checks.  Banking online is a very convenient way to conduct business, and it saves me from having to go to a physical bank, which is great.  I bet that someday soon there will even be a way to deposit cash online.

Gambling

Gambling is another activity that a few years ago wasn’t even thought of as a thing to do online.  Now, there are thousands of online casinos that are just as good as a live casino, where you can play just about any casino game you can think of – including slots and table games.  If you think about it, most slot machines run on computers now anyway, so it makes sense that it is easy to offer these games over the Internet as well.  It is nice to be able to gamble from home in your PJs without having to worry about cigarette smoke.

School

Finally, you can even get an education and college degree online.  For years, people could get college degrees by doing mail-in classes, where you would study and mail in an exam or paper to be graded.  The Internet made that much easier by letting students and professors communicate and learn online.  Now, there are hundreds of universities online that allow students to get degrees or take courses online.

It has even percolated to the elementary and high school level, where students can go to high school online to get their GED or certificate of graduation.

Scrabble

5 Ways to Make Money Playing Games

ScrabbleGaming has always been popular since the first cards and first board games were made.  However, with the advent of online gaming, the popularity of it has skyrocketed.  And with this increase in popularity, there is an increase in ways to make money playing games.  So here are some popular ways people are making money by playing games online.

Second Life

One of the most talked about ways that people have made money online is the virtual economy created by the game Second Life.  This game seeks to mimic the real world that is navigated by an avatar that you control.  At the height of the game’s popularity, people were buying and selling thousands of dollars of virtual goods per day – using real money.  So if you wanted to make money playing this game, you could sell goods, or even land, in the game and pocket real money in the process.

Help Other Players Out

Another great way to make money online is to help other players out.  If you’re a great player at a game, you could help beginners or others advance.  For example, in the game World of Warcraft, you advance through the game by developing your player and gaining new technologies and abilities.  To make money, people with advanced players were selling their accounts for thousands of dollars to other players.  So, if you’re good, you could build an account, make it dominate the game, and then sell it for a profit – sounds like a regular business plan!

Play For Money

People have been playing games for money for hundreds of years.  And the internet has made that easier than ever.  There are a lot of contest games and others that have sponsors, or that have people buy into pots, and the winnings are distributed to the winners.  For example, there are sties online where I’ve won money playing bingo.  It is fun and easy, and you can make real money doing it.

Gamble Online

If regular games for money aren’t quite your thing, you can always gamble online for real money.  This has become increasingly difficult over the last few years with the United States government preventing a lot of online gambling, but it hasn’t shut down the entire industry. And if you’re overseas, than a site like http://uk.888casino.com/ will let you play all types of different games online, including poker, blackjack, and slots.

If you’re looking for a way to win money or earn money (if you call gambling that), then online gambling can be for you.

Amazon’s Mechanical Turk

Now, this isn’t quite a game, but there are some tasks that are like games that you can earn money doing.  Amazon’s Mechanical Turk is a crowdsourcing platform that pays you to complete random tasks.  And some of these tasks are fun, and can make you money in the process.  If you’re looking for a fun way to kill some time and make some money, look for the tasks that let you identify the picture or phrase, and get paid to do some silly stuff.

Photo by jcolman

Working at a computer desk

6 Ways to Save on Business Expenses

Working at a computer desk

Photo by Vicky TGAW

Just as important as making more money, every business should always be looking for ways to save on business expenses.  The bottom line is decided by not just income, but expenses as well, so here are five helpful tips to save money on business expenses.

Depending on your business, these may not all apply, but they will for most businesses.

1. Outsourcing

Depending on the type of work you do, you could find a lot of savings in outsourcing your projects to temps or freelancers.  There are several websites out there, such as oDesk and Elance, that facilitating the finding and using of freelancers to accomplish projects.

Using freelancers can be a great way to save money because you avoid all of the overhead involved with hiring employees, and you can still get great quality work.

2. Save on your Biggest Utility Bills

For many companies, utility bills, such as phone service, are large expenses.  However, with so much competition on the internet, you can shop around for the best price.  For example, if you have an 800 number, you could go to a site like 0800 numbershop to get the best pricing for 800 numbers.

3. Use Free Software

If you’re still paying for software, you need to look around.  There are many free options that are just as powerful as the paid versions if you look online.  For example, Google has a full suite a office products that can help you be productive, while being free at the same time.

4. Buy Used

If you need to buy equipment for your business, go with used equipment instead of new.  You can find great deals on used equipment (even computers), and the equipment will still last a long time.  This is a great way to save money on larger expenses.

5. Shop Online

Finally, whatever you need to buy, from supplies to equipment, make sure that you are shopping online.  Most online retailers can beat the traditional brick and mortar retailers on price, so make sure that you are getting the best prices possible.

6. Skip the Retail Space

Most retail/office spaces are ridiculously expensive. Save yourself the money and have your employees telecommute. And if you really need to see your employees from time to time, you could rent out a meeting room in serviced offices once a month. It’ll still save you a ton of money each month!

What’s the Best Time to Trade Forex?

Stock Market SignsWhen you trade Forex, you’re joining people from around the globe in the world’s largest trading market. And with markets opening and closing at different times as the sun rises and sets in different regions of the world, there’s barely a moment during the week when you can’t trade something. But that doesn’t necessarily mean that you’ll be trading anything and everything under the sun.

In fact, what tends to happen is you trade Forex that’s more relevant to the area where you are, which makes a lot of sense. For example, if you’re a Forex trader in Australia you’ll probably find that you trade currencies whose markets are open at the same time as the Australian markets. If you wanted to trade in the American or European markets, you’d need to wake up in the middle of the night when those markets are open. (There are short periods when the markets overlap, which actually make up some of the busiest trading periods). For most people, Forex trading isn’t their main source of income – most use it as a supplementary form of income in addition to a regular job. That being the case, it’s probably not the best idea to be waking up in the middle of the night just so you can trade in markets on the other side of the world. Forex trading should fit around your lifestyle, not the other way around.

Depending on what sort of strategy you want to follow, you are able to take advantage of trading in various regions at one time. For example, you might want to place trades with short time frames in markets you’re able to monitor in real-time (i.e. your time zone), while some overseas currencies might offer better trends over extended periods. It’s completely up to you to come up with a balanced strategy that suits you, your aims and your lifestyle.

To get an idea of what currencies you can trade and what trading times work for you, one of the best ways is to set up a Forex demo account. A Forex demo account lets you trade in a live trading environment, in real-time, without having to put any of your own real money down (the broker that sets up the Forex demo account should be able to load the account with virtual funds, making it a risk-free environment). This makes a Forex demo the perfect way to learn to trade, whatever time you want to do it.