Should Charities Make Use of Penny Auctions to Raise Money?

is quibids legit - As you can well imagine, no site would receive enough penny bids to pay for a given item, unless it was a very cheap item, and then no one would want to bid for it in the first place! So, these sites work by charging a bidder to place their penny bid. Items for sale are so desirable that the sites naturally attract a lot of interest, and this results in many penny bids being placed.

It looks at first glance as though on such sites you can bid and buy a car for just a few pounds - but in reality what you don’t see is how much it has cost the bidders in the market for the car to place their penny bids in the first place as they all try and out bid each other and ‘win’ the auction.

is quibids legit - Most sites charge anywhere from fifty pence to a couple of pounds per bid placed per person, so that they not only make enough out of the bidding to pay for the item that they are offering for sale - but they make a profit. After all, what is the point in running a business if it doesn’t make a profit! So, the question to ask is, can charities also run penny auctions and raise money for their foundations and good causes in this way?

The answer is ‘yes of course.’ What’s more, because charities have such moral strength, they can go out and ask companies to donate items to them to sell for free. That way, not only can a charity running a penny auction profit from the value of the bids placed, they can profit even more because their overheads are much lower.

is quibids legit - If you don’t have to pay for the item you are selling, every single penny you make in bids will be pure profit for the charity. This is why you will soon see that a number of leading charities have already embraced this new idea to raise significant funds for their good causes.

stock broker salary - The primary duty of a stock broker is buying and selling securities and shares on behalf of his clients. However, these professionals can buy or sell shares or securities only if their clients i.e. the investors order them to do so. Read on to know more about the duties of stock brokers.

Like any other broker or agent, the brokerage is the only source of income for stockbrokers. Usually, a stockbroker gets the brokerage only after the transaction is made. They receive this money for following their client’s orders. However, their duties include more than just executing those orders. To achieve maximum success, stockbrokers need to guide their clients about different investment strategies that can bring them hefty returns. In addition, they must be aware of all minor and major financial news, market situations and market trends. A stock broker should perform thorough stock research at regular intervals and revise his strategies in accordance with the existing conditions.

If you want to reach the zenith as a stockbroker, your will not only need to keep a close eye on the events in your country’s stock market, but will also need to know what’s happening in the international stock markets. This is because your country’s market trends can be influenced significantly by the events taking place in the stock market of another country.

The next duty of these agents in informing their clients about market fluctuations, sudden changes occurring in the market and various other risks. As a stockbroker, you may need to serve a range of client, for instance local or retail clients, institutional clients, corporate clients etc. To make sure that you offer the best services to all kinds of investors, you must gather thorough knowledge about their respective needs.

Another major duty of stock brokers is portfolio management. In other words, these professionals need to manage the portfolio of their clients to bring in more profits. As a stockbroker, you have the right to suggest your client to add some particular shares in his portfolio. However, before offering such suggestions, you must consider your client’s ability of taking risk. If you are dealing with someone who is rich and has several years of experience of dealing with shares, you can recommend inclusion of volatile and aggressive stocks for maximizing profits. For small or retail investors, on the other hand, you should not look beyond defensive stocks; these stocks possess the ability of outperforming the market and are thus considered zero-risk stocks.