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What Did You Learn Today

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Is there an item you've been searching for over the years? Try looking at a treasure trust auction! This article is designed to provide you with the details on what a treasure trust auction is and how they work. Specifics may vary from auction to auction; however, the following information includes helpful and important guidelines from which everyone can benefit.



If you're like most people, you probably own something that has a missing piece. Perhaps it is a collectible item that will complete a rare set, or maybe a china casserole dish that was lost from your great-grandmother's favorite set. Maybe you're looking for something you can't find at your local flea market, like a barley twist canopy bed frame, or a painting by an artist you wish you had purchased when you were in Paris. The list could go on and on! But, your search could become much shorter in time if you start searching at local treasure trust auctions.

What is a treasure trust auction? Well, when someone passes on, the family is usually in charge of the disposition of the estate. Sometimes, an estate can be very large and overwhelming to those who must then figure out what to do with all of the property. Many families end up making the transition easier by holding a treasure trust auction. In other cases, an estate is being handled by an attorney or a bank, and they decide to sell off the estate in a treasure trust auction.

Treasure trust auctions can include a variety of valuable items like jewelry, coins, collections, antiques, automobiles, furniture, household items and real estate. People who attend treasure trust auctions often find collectables and other rare items that they have been searching for, and end up paying a lot less for them.

Treasure trust auctions are usually announced well in advance and a complete listing of available items will be published. In addition, on the day before the auction, there is often a time period set aside for viewing so that the bidders can inspect the items they wish to bid on.

How does a treasure trust auction work? To begin, bidders must receive bidder cards from a cashier in order to make a bid on any item. In most cases a refundable cash deposit is required to receive a card. When the auction is about to begin, the auctioneer announces the terms of the sale so all bidders are aware of their responsibilities in bidding. Once a bidder is ready to make a bid, they simply raise their hand or their bidder card and the auctioneer or ringman acknowledges the bid. The ringman assists the auctioneer in spotting bids, holding up merchandise so the bidders can see the item for bid and marking the item with the bidder's number once it has been sold. Upon successful winning of the bid, the auctioneer tells the clerk what the bidder paid for the item and their bidder number. This information is recorded and given to the cashier who tabulates the bidder's purchases for check out from the sale. The bidder pays by either cash or cashier's check. In most cases, the bidder must remove their property from the treasure trust auction location immediately following the sale.
What Did You Learn Today
And they are not panicking about the possibility that they're favorite sitcom may be canceled; they are perspiring more profusely than a fugitive on a run because they are afraid to go broke.

So, what do most businesses do? They begin to cut things out of their budget and one of those things is their marketing & advertising. Big mistake!

What they fail to understand is this: marketing and advertising, when done right, is the only expenditure that directly yields a profit.

And I would imagine that people open businesses so that they can make money, right? So, why pray-tell would they want to do anything that would stand in the way of that?

The problem is that most business owners are looking through a one dimensional lens that points them to the activity of what all the other businesses are doing.

They erroneously believe that if everyone around them is doing something then it must be correct. This reminds me of an incident that occurred when I was a little girl.

I grew up in a home where my mother opened her heart and, um, the door to nearly any and every distant relative or friend of a friend of a friend passing through town.

They either didn't have the money to pay for a hotel room, got kicked out of the house by angry wives, or needed to live with us temporarily in order to save money to pay for their grandma's gangrene leg operation.

Bless, mother. And her sometimes gullible ways.

Well, one day, a pack of loud-mouth women were living with us for the summer. And there was a sale at the 99 cents store. Yea, yea. border-line poverty sucked. We shopped there. "3 jars of hair grease for 99 cents"! , read the big neon sign.

Honey, let me tell you...it was like a herd of buffaloes charging when the word got out in the neighborhood about the sale.

Women came out of the woodworks to stock up on their supplies of hair-grease, including my mother and the herd of women living with us at the time.

Oh, boy. It was like Christmas in July upon their return from the 99 cents store with jars upon jars of this product as all the women in the neighborhood held it close to their bosoms.

One by one my mother and her house guests parted their afros and greased their scalps with delicate precision. Their joyous chatter grew louder and louder.

They were so happy to have found such a great deal. And since everyone was rushing to get it, it must be a good thing.

Three days later, the women (and, mom!) woke up to bald patches all over their heads.

Lesson:

If everyone in your small business industry and niche are doing the same thing, do the very opposite - if you don't want to be consulting with hair club for men, that is.

To stay afloat and recession-proof your business in a slow turning economy, there is a long list of marketing strategies I could teach you to apply to your business that would make you the least bit of affected by the recession. Let's take a look at a few of them:

-You'll want to create appropriate tweaking to the products and services that you offer. I'm not saying that you should be slashing your prices. But you can provide more flexible payment options so that it will make it easier for your clients to continue buying from you.

-Don't shy away from talking about the recession in your newsletter or email communications with your customers.

On the contrary, take what the news is reporting on the current state of affairs in the economy and stack it up in your favor by reminding your customers of the incredible benefits they are getting from buying your products/services.

Keep it in their mind the incredible savings and fairness in price you are offering compared to the value they receive.

-How about creating a much wider price range of goods and services? This will give your customers even more choices to make payments to you and even more reasons to stay loyal to your business because I can almost bet you that your competitors will not be doing any of these things.

They're in chronic panic mode, remember? And like Buffy the vampire, too busy slaying the marketing and advertising dragon.
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About Author
Both Deb Weidenhamer & are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Deb Weidenhamer has sinced written about articles on various topics from Shopping, Property Guide and Shopping. Deb Weidenhamer is President of Auction Systems, the Southwest's most active auction and appraisal company. Learn more about what a treasure trust auction is and check out our. Deb Weidenhamer's top article generates over 5400 views. to your Favourites.

has sinced written about articles on various topics from . . 's top article . to your Favourites.
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