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Member You - Advice for Beginning Auctioneers
A vendor management system (VMS) promises freedom from the chaos that can be caused by juggling the vast array of components in a staffing supply chain. It does this by pushing everything through a central processing point. Yet the business side of making these transitions can be complicated and disastrous if not well planned. How do you ensure a successful VMS implementation? After spending months with companies and vendors in developing
Don’t Skimp: There are two reasons why an auction is not suc
I recently answered a question at quickbooksgroup.com that basically asked:Can I show an amount from an old invoice on a current invoice?Yes, you can. There is a rather complex work-around I developed, that transfers the balance from an old invoice to a new one. It does so by zeroing out the amount from the older invoice.However, this is not a good practice. Because it's not a good practice, I'm not going to show you ho
Identity: If your competition sell less desirable items first and good items later, has all his/her auctions at the same time Saturday, wears cowboy boots and drives a truck, you don’t have to do the same thing to compete. Don’t mimic your competition. They are a lot more worried about what you are doing than you are about what they are doing. Create your own image. Each auctioneer brings something different to an auction.
Advertising: Give your seller a true idea of how much advertising will cost and what you are going to do to advertise and promote the auction. Put together a simple auction budget. Use the example you were given in school. Charge advertising costs on top of commission. If you know it’ll cost $1,000 to advertise and market an auction, tell your seller up front. If you know the true marketing cost, it’s unethical to give the client one estimate before the auction and present him or her with a higher figure when it comes time to settle. You can always estimate.
Don’t Skimp: There are two reasons why an auction is not succ
"Can you help me find an investor for my idea?"You'd be astonished at how often we hear that question in our line of work. It's usually asked just after the inventor has done just enough scribbling to convince himself that he has solved one of the world's most pressing problems.He might have. But...There's an expectation by many entrepreneurs that if they create and patent what they believe to be a great idea, investors and cu
Advertising: Give your seller a true idea of how much advertising will cost and what you are going to do to advertise and promote the auction. Put together a simple auction budget. Use the example you were given in school. Charge advertising costs on top of commission. If you know it’ll cost $1,000 to advertise and market an auction, tell your seller up front. If you know the true marketing cost, it’s unethical to give the client one estimate before the auction and present him or her with a higher figure when it comes time to settle. You can always estimate.
Don’t Skimp: There are two reasons why an auction is not suc
The majority of people in the world rely on a job, but each year seems to get more difficult to get a well paying job. The Global economy should have helped to solved the problem, however it's getting more difficult. Companies downsize thousands of employees every year and machines are replacing employees.The Global economy has increase the competition big foreign companies come to the country and crash small businesses and a lot of people
Advertising: Give your seller a true idea of how much advertising will cost and what you are going to do to advertise and promote the auction. Put together a simple auction budget. Use the example you were given in school. Charge advertising costs on top of commission. If you know it’ll cost $1,000 to advertise and market an auction, tell your seller up front. If you know the true marketing cost, it’s unethical to give the client one estimate before the auction and present him or her with a higher figure when it comes time to settle. You can always estimate.
Don’t Skimp: There are two reasons why an auction is not suc
Planning for the Environment – Changing the Way We do BusinessAt any given moment there are thousands of business meetings and special events going on with millions of guests traveling to and from different locations throughout the world. The event and hospitality industry is perfectly situated to have an extraordinary environmental and ecological impact by planning events with better awareness and by greening up t
Don’t Skimp: There are two reasons why an auction is not suc
They call them mystery shoppers, or secret shoppers and as far as anyone knows what they do is to go in and evaluate stores and restaurants to see how the service is. There are rumors that some people make a full time living doing mystery shops, while others say that it is a good way to make a little bit of extra money. What is the truth about mystery shoppers jobs, and is it right for you?The first thing that you might be surprised to lear
Don’t Skimp: There are two reasons why an auction is not successful. Either you are trying to auction something you really shouldn’t, or you didn’t spend enough advertising and marketing the auction. Never let your clients convince you to spend less than what it will take to attract a high buyer to product ratio.
Be a Politician: As an auctioneer you have a great deal of influence. If you have someone famous at your auction, always say something nice about them. It will bring you more auction business.
Image: If you want to be a professional, then act and look like a professional.
Strike a Bargain: If you think you should get 15 percent commission, ask for 20 percent. If you think you should get 20 percent, then ask for 25 percent. Auctioneers don’t get enough money for what they do. They don’t ask or get paid enough. If you are going to be a professional, and provide professional service, then you’re fees should also be professional.
Double Rings: Many auc
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