The 10 Most Promising Online Auction _ Bidding Companies April2022

Page 1

Vol.04 Issue 15 2022 Transforming Industries Revoluonizing Retail Through Social Commerce and Online Aucons Online Aucon How the Internet and Technology are Changing Aucons? Equipment – Real Estate - Consignment
Corey
Sekura Chief Execuve Officer and President The 10 Most Promising Online Auction & Bidding Companies

Enabling Auctions to Be More Accessible!

hatdoesyourmindpictureinstantaneouslyas

Wyouhearthewords“auction”and“bidding”?

Mostofushaveanideaabouthowauctionsare conductedintheworldofcinema.We’veseenauctioneers describeanitemandthenprospectivebuyersraisetheir paddlestoplaceabiddingpriceonthem.Forthemostpart, auctionstakeplacethesameway,obviouslywithamuch lessflareofdramaticsandsuspensethathappensinthe films.

Likemanyglobalbusinessespivotedtoonlinemodeduring thepandemic,theauctionandbiddingspacealsofollowed thetrailandonlineauctioningbecameamuchmore commonphenomenonduringthisperiod.Therecame numerousadvantagesinthesectorwithmostofthe auctioningbusinesshappeningonline,frommorebuyers comingtobidapromisingpriceonaparticularcommodity orservicebecauseoftheaccessibilityfactororcosteffectivityofthebusinessactivityduetoitsonlinemode.

Onlineauctionandbiddinghaveundoubtedlyreachedafar greateraudienceduringthistimeandrecognizingthis growthmanycompanieshaveleveragedtheopportunityto makeoptimumofit.Thesecompaniesareprovidinga fittingplatformforpotentialbuyersandsellerstoconduct auctionsonlinewithmucheaseandefficiency.

editor

Torecognizesuchproficientplatforms,weatInsights Successhavecomeupwithaneditioncalled“The10Most PromisingOnlineAuction&BiddingCompanies”.The coverofthiseditionfeaturesTeamAuctionswhichisa completeAuctionCenterforRealEstate,Equipment,and ConsignmentAuctions. Linedupinthelistaremoresuchdisruptiveplatformsthat aretrailblazingtheauctionandbiddingspace.Flipthrough thepagesofthiseditiontoknowtheirstoriesandget enlightenedonthelatestinsightsfromtheindustrygivenby theindustryexpertsthemselves.Also,makesuretoreadthe articleswrittenbyourdedicatedin-houseeditorialteam. Haveaninterestingread!

,,Online auction and Bidding platforms is the future proof road map that is advancing the industry to its deserving success.
- Trishika Rokade

Equipment – Real Estate - Consignment

08

Maxsold

Promising Name in

Aucon and Bidding Space

Proppy.co.nz Buy and Sell Property with Transparency

PEYTON

M. WYATT

A
Online
16 24 36 30
JANE
CxO MONTE
CxO Articles 20 34 Revoluonizing Retail Through Social Commerce and Online Aucons How the Internet and Technology are Changing Aucons? Online AuconTransforming Industries
sales@insightssuccess.com April, 2022 Circulation Manager Tanaji Fartade Research Analyst Eric Smith Editor-in-Chief Mary D’souza Anish MillerSenior Editor Kelly, DavidBusiness Development Executives Managing Editor Sherin RodricksBusiness Development Manager Bhushan Bhad Art & Design Head Art & Design Assistant Visualiser David King Co designer Rohil Shinganapurkar Revati Badkas Marketing Manager Joseph D'souza Technical Consultants Prachi, Rajeshwari Technical Head Jacob Smile Assistant Technical Head SME SMO Executive Gemson Digital Marketing Manager Alina Sege Assistant Digital Marketing Manager Renuka Kulkarni Copyright © 2022 Insights Success Media and Technology Pvt. Ltd., All rights reserved. The content and images used in this magazine should not be reproduced or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without prior permission from Insights Success. Reprint rights remain solely with Insights Success. Follow us on : www.facebook.com/insightssuccess/ www.twitter.com/insightssuccess Corporate Ofce Insights Success Media Tech LLC 555 Metro Place North, Suite 100, Dublin, OH 43017, United States Phone - (614)-859-2600 Email: info@insightssuccess.com For Subscription: www.insightssuccess.com We are also available on : RNI No.: MAHENG/2018/75953 Sales Executives Mark, Alice Amar Sawant Assisting Editors Trishika, Shrutika Paul Belin

Featuring CompanyBrief

Auctim auctim.com

ChristopheMoyersoen CEOandFounder

AuctionHouseLondon auctionhouselondon.co.uk

BertolamiFineArt bertolamifineart.com

AndrewBinstock DirectorandAuctioner

Auctimisaninternationalauctionhousenetwork.Itisthelargest onlineauctionplatformconnectingbuyersandsellersinover160 countries.

AuctionHouseLondonhasresidentialandcommercialproperty auctioneersservicingLondonandtherestoftheUK.

BVAAuctions bva-auctions.com ClassicCarAuctions classiccar-auctions.com

ScarlettMatassi SocialMediaManager

AtBertolamiFineArt,peopletakepartinauctionswheretheycan bid,buyandcollectmodernorcontemporaryart,oldmasters, jewelry,antiquities,watches,coins,andmedals.

MaxSold maxsold.com

TacoValk BidderMarketing Manager MaxVanDerPluijm OnlineMarketeer BarryGordon Founder

BVAAuctionsisaEuropeanmarketplaceine-commerce.Ithas 140,000onlinelotseverymonthwithdormantinventory, returns,overstockandbusinessclosures.

ClassicCarAuctionsismakingauctioningspecialtyinvehicles since2010.Throughitspersonaland‘fullservice’approach, auctioningandbiddingonclassiccarsgoteasier

MaxSoldconnectssellerstoanexistingpoolofinterested biddersandbuyers.

Proppy proppy.co.nz

ShipshewanaAuction &FleaMarket shipshewanatrading place.com

Spink&Son spink.com

HannahWalker Co-Founder BrianLambright BusinessDevelopment Director

Proppyisasmarterwaytobuyandsellrealestateonline.The companyoffersonlinepropertyauctions,negotiations,tender, signingoflegalagreementsdigitally,andstreamliningthe propertytransactiononline.

ShipshewanaTradingPlace/ShipshewanaAuctionInc.isa destinationinIndiana’sAmishCountryfamousforhostingthe ShipshewanaFleaMarket.ItistheMidwest’sLargestFlea Marketwithover700vendors.

MiraAdusei-Poku COO

Spink&Sonareanauctionandcollectiblescompanyknown principallyfortheirsalesofcoins,banknotes,stockandbond certificatesandmedals.

TeamAuctions teamauctions.com

CoreySekura CEOandPresident

TeamAuctionsservesWesternCanada'sindustrialand constructionequipment,farmsales,realestateandauction industrieshandlingalltypesofsales.

C O V E R S T O R Y

Corey Sekura Chief Execuve Officer and President Team Aucon

Equipment – Real Estate - Consignment

It’s ever-expanding buyer population and easy-to-execute consignment and buying experience will continue to grow this company in the future.

Bidding

Tdigitization.Aclearshiftcanbeseenfromthe industrialrevolutiontotheneweconomic dominationofinformationtechnology

he21st-centuryisblessedwithinnovationsand

Today,digitaltechnologieshaveemergedasamajorplayer inshapingthefuture.Anexcellentexampleofthesameis thephenomenoncallede-auctionportals.

Theonlineauctionplatformshavemadeeverything possibleandeasierforpeopletoday,fromreachingoutto themostbuyerstosellingdifferentassetsforthebestprices intheshortesttime.

Thisedition, The 10 Most Promising Online Auction and Bidding Companies,emphasizesthecompaniesthathave leveragedthecapabilitiesofinnovationtodeliver fascinatingnewwaysofauctioning.Aprominentname amongthosecompaniesisTeamAuctions

TeamAuctions,alsoknownas Sekura Auctions,isoneof thefastest-growingauctioncompaniesinCanada,servicing off-siteandon-site,real-estate,industrial,andfarm auctions.Thiscompanyhasbeenoperatingforover60 yearswithgreatachievements.

Inthefollowinginterviewwith Insights Success,Corey Sekura,ChiefExecutiveOfficerandPresidentatTeam Auctions,briefedusaboutthecompany'sglobalascension, hisopinionsonthepresent,andhisvisionforthefuture.

WhyTEAMAuction?

TeamAuctionsisanoriginalfamily-owned'liveandonline' auctionhousethatcurrentlyintensivelyservicesWestern

Team Auctions is one of the fastest-growing auction companies in Canada.

Canada.TeamAuctionswasfoundedbyCorey'sparents–WendellandHeleneSekura,in1958andisnowownedand operatedbyCoreySekura,hiswifeLorenaSekura,and theirdaughterTiffanyLaRose.

TeamAuctionsstartedasafarmequipment,realestate,and cattleauctioncompany.Overthepast60years,Team Auctionsgrew,expandinglivestocksalestothreelocations andsellingover250,000headsannually Thelivestock divisionsweresold,andthefocuswasputonRealEstate andEquipmentAuctions.

Since1965,TeamAuctionshashadlocationsthroughout WesternCanada,withtheheadofficeremaininginDrayton Valley(approximatelyanhourwestofEdmonton,AB). Forover20years,TeamAuctionshaspromotedonline biddingand,sincethestartoftheCOVID-19pandemic,has convertedallRealEstateandEquipmentAuctionstoan onlinetimedformat.TeamAuctionscandesignanauction proposaltofitanyclient'sneedsandisnotboundbyarigid structure(whichdoesn'tworkforallsellers).This

The 10 Most Promising Online Aucon &
Companies

flexibility,alongwiththecompany'sintensivemarketing, procedures,andservicemodel,makesTeamAuctionsvery successfulintheindustry.

TheInspiringVisionary

CoreySekuragrewupinafamilyofauctioneers.His parents–WendellandHeleneSekura,histhreebrothers–Tim,Ron,andTravis,andtwosisters–CherryandTania, arealllicensedauctioneersorhaveworkedintheauction business.

CoreygainedhisAuctionLicenseattheageof15,being theyoungestinhisgraduatingclasstodoso.Hisentirelife hasbeenworkinginauctionsbeforeworkinghiswayupto managethem.

In2003,CoreyandhiswifeLorenapurchasedSekura Auctionsfromhisparents,becomingproudownersof Team Auctions.

Corey'shonesty,transparency,integrity,andadaptability, alongwithhisworkethic,leadershipskills,andintense marketingknowledgehavevastlycontributedtothesuccess ofTeamAuctions.

Sharinghismotto,Coreysays,"Wearefirstandforemost moreofamarketingcompanyandsecondlyanauction companybecauseifnooneknowswhatyouareselling,it won'tsellwell."

Afterhighschool,CoreyreceivedhisdegreeinBusiness andMarketing(asdidhisdaughterTiffany)andhasused hiseducationandexperience,alongwithhisfortitudeand commonsense,tosurroundhimselfwithagreatteamof employeesthatarealargepartofthecompany'ssuccess.

Today,Corey'sdaughterTiffanyLaRoserunsthecompany alongwithastrongmanagementteamwhoallhavealotof experienceintheauctionindustry.Intotal,TeamAuctions hasapproximatelythirty-sevenemployees,allofwhomare dedicatedandkeenondoingalltheycantohelpinthe company'songoingsuccess.

Passiondrivenworkplace

Inthepast,TeamAuctionshasprovided'SubjecttoOwners' and'Reserved'Auctions.However,thebusinessmodelnow focuseson'Unreserved'Auctionswhichallowsforstronger buyerparticipationand,therefore,improvedresultsforour sellers.

Whiletechnologyhaspavedthewayforfewerhands-on approachesinalotofindustries,TeamAuctionsbelieves thatwhenliquidatingassets,customersdeserve'bootson theground'andtheabilityforhumaninteraction,makingit amorepersonalservicethatisbecomingincreasinglyrare thesedays.

Dynamicofferings

Ÿ

TalkingaboutuniqueofferingsofTeamAuction,Corey SekuraelaboratedthatTeamSekuraAuctions'continued growthcomesfromthreeaspects:

Ÿ

Experience-Withover60yearsofexperienceinthe auctionbusiness,Team Auctions'stabilityand reliabilityinrepresentingassetsprovidetheircustomers withatrustthatnotallauctionhousescanprovide.

Ÿ

Continuedadvancement–TeamAuctionspridesitself onbeingaleaderintheindustry.Frombeingoneofthe firstmodern-eraauctioncompaniestosellingrealestate

Team Auctions is an original family-owned live and online Auction House that currently intensively services Western Canada.

viaauctionsinthelate50s,TeamAuctionshas transitionedfromlivebiddingtoallonlinebidding,and broadcastingtechnologyrecognizingtheimportanceof beingaleaderinallfacetsofmarketing.

Adaptability-TeamAuctions'willingnesstoadaptto anysituationaswellasitssolidbusinessmodel,allows ustodesignandexecutesuccessfulauctions.Thiscan beanyscenariofromsellinguniqueassets,realestate, andlivestocktolocationchallenges,onandoff-site auctions,leases,andmanymore.

Opinionthatmatters

Sharinghisvisiononhowtheinclusionoftechnologyinthe auctionworldisimpactingallthestakeholdersofthe market,Coreysays, “Technology has absolutely changed the auctions industry and Team Auctions has led the auction industry in technological advancement with online bidding, marketing, and logistics.”

“The presence of COVID-19 has really forced consumers to join the world of technology regardless of experience or preference in all facets of life. The combination of Team Auctions' already being technologically advanced and consumers becoming more engaged in online purchasing has exploded the size of audiences attending each auction and altered how each transaction is completed,” Corey Sekuraadded.

Overcomingadversities

TeamSekuraAuctionshasadaptedtomanychallengesin thepastandwillcontinuetoadaptinthefuture.Whetherit beauctionlegislativechanges,livestockdisease(suchas B.S.Edisease–commonlyknownasMadCowDisease), technology,andnowCOVID-19,TeamAuctionshave alwaysandwillcontinuetousecommonsense, adaptability,andenduranceasitskeystodealwithany situation.

Enlighteningupcomingentrepreneurs

Whenaskedabouthisadvicetobuddingentrepreneurswho aspiretoventureintotheauctionandbiddingindustry, Coreysaid,“TeamAuctionscurrentlysitsonvarious auctionassociationsandcommittees,andIseealotofnew onlineauctioncompaniespoppingupeverywhere.

Currently,theauctionindustryistryingtoadaptlive auctionlegislationsintoonlinelawsthatcurrentlydon't exist.”

“My advice to young auction entrepreneurs would be to learn the industry through experience, be well-versed in the rules and regulations of our industry, and most importantly, always operate with honesty and an incredibly hard work ethic. This industry can be exhausting and stressful, but it can also be exhilarating. Manage yourself well,”hestated.

Thefutureholdsprogress

WeaskedCoreyhowheenvisionsscalinghiscompany's operationsandofferingin2022andbeyond,towhichhe said, “Team Auctions continues to apply our auction model to our incredible growth in the auction industry. The company's growth across Canada is based on building and adding experienced team members, more locations, and acquisitions of smaller 'similar minded' auction companies.”

“Team Auctions' latest acquisition has been Lambert Premier Auctions and Precision Auctions in British Columbia, an elite real estate auction company that will increase the quality of Team Sekura Auctions real estate division and expand its market share in all auction asset liquidations in British Columbia and Western Canada.”

“Team Auctions is one of the fastest-growing auction companies in Canada. Its ever-expanding buyer population and easy to execute consignment and buying experience will continue to grow this company in the future,” he concluded.

Ÿ
Ÿ

Appreciationofexcellence

Team Aucons conducts full-scale, broad-based adversing campaigns and is proud to have won various awards in the past for excellence in adversing as well as 'Best Markeng Website.' It is also appreciave of the following tesmonials from just a few of many sasfied customers:

“I wanted to send out a huge thank you to Team Aucons for the awesome job they did on Saturday with the complete dispersal of Cor-Ex Vacuum Services. Their professionalism and the markeng team was out of this world.”

Cordell Skinner, Drayton Valley, AB

"Thank you, Team Aucons! From the first discussion of my farm sale to selement day, excellent adversing, machinery knowledge with set up and display, everything went well. Sale day far exceeded my expectaons as to financial results achieved in a mely fashion. From start day to selement day, thank you Corey and your team of professionals. All the best to you all in the future. "—Marc Beland, GATORS Lawn Care, High Level, AB

"The Team Aucon crew were efficient throughout the aucon preparaon, and they showed great respect for dad's equipment, tools, and other items. They were sincere and understanding with the family, and our concerns and specific details were addressed right away. The pace they set during the aucon gave the results we wanted. They did their job with the communicaon and experse we needed and were looking for. Great job and highly recommended!"—Audrey Nikiforuk and family Dwayne, Cindy, Terry, and Cliff

Barry Gordon Founder Maxsold

| April 2022 www.insightssuccess.com16

A Promising Name in Online Auction and Bidding Space

Today,forabusinesstobeatthecompetitionand achievegreatsuccess,e-auctionandbiddingplaya vitalrole.Itbenefitsboth,buyersaswellas suppliersbystreamliningtheprocurementprocess.Italso savestimeandallowssmallerbusinessestocompeteinthe process.

Theavailabilitiesoftheinternetamongpeoplehaveclearly givenagreatadvantagetothee-auctionportals.Asaresult, onlineauctionplatformshavemadeeverythingpossible suchasreachingouttothemostnumberofbuyerstoselling differentassetsforthebestpricesintheshortesttime.

Theseplatformsarealwaysrequiredtostandatthe forefronttoofferfull-fledgedsolutionstotheirclients besidestrust,reliability,integrity,transparency,and satisfaction.

Onesuchleadingplatformintheonlineauctionandbidding spaceisMaxSold.Withanambitiontoempowerbuyers

Eventually, consignment shops, antique stores, estate buyers, and many 'estate sale' companies use MaxSold regularly to sell extra products thereby providing a mix of options for buyers and sellers.

andsellerstoextendthelifeofthingsfornewgenerations tolove,BarryGordonfoundedMaxSold.

MaxSoldisevolvedfroma50-yearauctionlegacy.Itfirmly believesthatsellersdeservetransparency,easeofuse,and profitability Thecompanyalsohasapointofviewthat sellersshouldnothavetobeatechnologyexpert,marketing expert,orlogisticsexperttoselltheirgoods.

Eventually,consignmentshops,antiquestores,estate buyers,andmany'estatesale'companiesuseMaxSold regularlytosellextraproducts,therebyprovidingamixof optionsforbuyersandsellers.

Inthefollowinginterviewwith Insights Success, Barry Gordon,theFounder,shedslightonthecompany'sjourney, thecurrentindustryscenario,andhisvisionforthe company'sfuture.

PleasedescribeMaxSoldindetail.

MaxSold'spurposeistoempowerbuyersandsellersto extendthelifeofthingsfornewgenerationstolove. MaxSoldsolutionsleveragetechnologytobringthebenefits ofanauctionmarketplacetohomeownerswhentheygoto downsizeorhaveanestatetosettle.

Asthevalueofhouseholdcontentsdeclinedandthecostof providingprofessionalsolutionsincreased,homeowners facedpooralternativestoclearthegoodsthatoftenmissed outonvalue,pushedtoomuchintolandfills,andwere vulnerabletosecurityissues.

Byreinventingbothauctionsandestatesaleswithatechenabledplatform,anyonewithavolumeofgoodstoclear canenjoyacompetitive,transparent,safe,andfinitewayto capturesomethingforeverythingandvirtuallyavoidthe costofdisposalpersonallyandtotheenvironment.

The
10 Most
Promising Online Aucon & Bidding Companies
| April 2022 www.insightssuccess.com17

Tellusaboutthefeaturedperson(s)andshedsomelight ontheirprofessionaljourneyintheauctionandbidding niche.

BarryGordon,theFounder,isasecond-generation auctioneerwith45yearsofevolvingindustryexperience sellingeverythingfromlivestocktohousesandeverything inbetween.Hisexperiencealsoincludedbeingonthe NationalAuctioneersAssociationandAuctionMarketing Instituteboardsandgettingtoknowprofessionals throughouttheindustry

Knowingwhatothersdid,helpedrevealwhattheydidnot. Therewasasignificantgrowinggapinthemarketplace whereaverageestatedownsizehomeownerswerebeing abandonedbytheauctionindustryforeconomicreasons.

5%ofestateshavethekindofmerchandisemost auctioneerscanaffordtoserveotherthanafewvaluable pieces.Theother95%needarelevantsolutionthatwill gladlyselleverythingintheirhome-andthatiswhy MaxSoldexists.

WhatweretheinitialchallengesthatMaxSoldhadto overcome,andhowdidyoupivotthose?

Thechallengefromthebeginningwastofigureouthowto deliverthebenefitsofonlineauctionatscale,soitwouldbe economicalenoughforeverybodywithavolumeofgoodsa bitoftimetouse.Eventauctionsgenerallyrequireahigh dollarvaluethresholdtofinancetheworkthattakesplace. BuildingforandatscalemakesMaxSoldapractical solutionforthelargestportionofthemarketplace.

Atthesametime,everysellerwantstheirgoodstohavea goodbiddingaudience,soinvestinginbuyermarketing needstoleadtotheactualincomeobtainablethrough commissionsandfees.

Auctioneersalwaysfacedthechallengeofattractingboth buyersandsellersbutbuildingasolidproductacrosswide geographywithverytightmarginsmeantselectingmarkets, buildingmomentuminthosemarkets,simplysayingnoto someuntillater.MaxSoldwillserveeverymarketinNorth Americaeventually,butthejourneyrequiresthediscipline tobuildonaschedule.

Whatwasyourinspirationbehindventuringintothe auctionandbiddingspace?

MaxSoldevolvedfroma50-yearauctionlegacythat startedattheliveauctionandaftertestingallthehybrid optionsbeforesettlingintothemostrelevantwayforestate anddownsizedclientstocleartheirgoods.

Onlineauctions,almostexclusively,beganasitemauctions –likeeBay,wherepeoplesoldoneitematatimeand shippedittothebuyer Asbandwidthincreased,live auctions–wheremost'realauction'merchandisewassold begantopartnerwithonlinesolocalmerchandisecouldbe soldinfrontofalivebiddingaudienceandsimultaneously throughinternetbidding.

Andwhilethisprocessremainsprevalent,itreallydoesn't helptheaveragehomeowner.Thebestbuyerforyour grandmother'steakdiningsetprobablylivesdownthestreet ratherthanacrossthecountry Wewantedtobuildaproduct thatsimplyallowedeveryonetosellalltheirhomecontents fairlyandquickly,sothehousecouldbeemptywhenthe buyermovesin.Everything,fromthelawnmowertothe sterlingsilver,tothosecollectibles,canandissolddaily throughMaxSold.

Whatisthecurrentscenariooftheauctionandbidding market?

Peoplegainmorecomfortinonlineshoppingandthewide rangeofalternativeplatformseveryday.Thistrendwill continueforeverykindofmerchandise.Buyersgain

| April 2022 www.insightssuccess.com18

confidenceandpreferenceinoneormorebrandsbasedon therelevanceofthatbrandtothecustomer'sneeds,andthe brand'sabilitytoevolvewithdemandforfrictionless commercefromtheirpreferredbrands.

MaxSoldconnectspreviouslyenjoyeditemsdirectlyfrom theclient'shometothebuyer,atthebuyer'sprice!As MaxSoldbuildsoutamarketplace,buyersbecomesellers too.

COVIDhasacceleratedtheonlinemarketplacebyforcing peopletoshopmorefromhome.Onlineauctionseasily evolvedintosaferpickupprotocolsthanliveeventswhile allowingcontentstoflowintothecommunitythroughout ourrobusthousingmarkets.Asaresult,onlineauctions havebecomeubiquitousacrossNorthAmerica,ifnotthe globe.

Whatcanequipmentbuyersdotoensureproper preparationforbiddingatanauction?

WhileMaxSoldhasaverysmallfootprintintheequipment world,allauctionbuyerswantgoodreliablephotosand descriptionscommensuratewiththevalueoftheproduct. Everyauctionplatformneedstocultivatearelationship wherebuyerscanbecomecomfortablewiththedescriptions sotheycandecideconfidentlyhowmuchtheyareprepared topay.

Whatisyouropinionontheadoptionofmodern technologiesintheauctionandbiddingsector,andhow isyourcompanyleveragingthesemoderntechnologies?

Techevolvesdaily,andonlineauctionsmustremaincurrent intheracetobringeaseofexperiencetocustomersand clientsalike.MaxSoldenjoysdiverseinvestorsupportanda boardandCEOwithbroadexpertiseinonlinecommerce, sounderstandingwhat'snextandbeingabletofundthe appropriatedevelopmentandintegrationsarealwaysonthe radar

Bigtechcompaniesarecontinuallyraisingthebaron customerconvenience,whichrequiresallplayerstobe engagedincreatingagreatcustomerexperience.

Whatwouldyouliketoadvisethebuddingaspirants whoarewillingtoentertheauctionandbiddingniche?

Specializeinsomethingandservethecustomersand marketplacewell.Productexpertscaneasilytaketheir knowledgeonlineandusetheplatformtodeveloptheirown marketplace.

Beingethicalandcommittedtotransparencyarestaplesin anunregulatedindustry Theyalsoneedtounderstandthat theauctioneermustalwaysattractbothsellersandbuyersin ordertobesuccessful.

| April 2022 www.insightssuccess.com19

Revolutioning Retail ThroughSocial Commerce and OnlineAuctions

Inthebusinessworld,Retailplaysavitalrolein increasingthesalesandavailabilityofproducts.Afew yearsago,thesupplychainlogisticprocessoperated frommanufacturertodistributorandretailertoend consumers,whichwaslengthy Theconventionalmethodof sellingtheproducthaschangednow.Ithasarrivedon socialmediaplatformsandismitigatingtheroleofthe intermediaries.

Asweknow,Retailistheoldestindustrythatbringsthe productstotheend-users;sometimes,consumersbuythe productstofulfilltheirdesireoroutofnecessityfromthe retailstores.Buttheindustryhasconstantlybeenchanging andadaptingtotechnologicaladvancements.Amazonis oneoftheretailgiants,leadingthegrowthofe-commerce andconvertingtheconsumer'spreferencefromshoppingin retailstorestoonline.

Withinnovativetechnologies,industriesandcorporatesare revolutionizingthemselves.Itinnatesthechangesthatlead toglobaldevelopment,andmostofthesocialcommerce growthhasbeenwitnessedbycountrieslikeIndiaand Brazil.

AccordingtoAccenture'srecentreport,by2025,the shoppingonsocialmediaplatformswillbeexpectedto reachupto$1.2trillionglobally,whichisthreetimesmore growthfromthetraditionale-commerce.

Itisexpectedthattheretailindustrywillbearmorechanges thatwillresultinthegrowthofsocialcommerce,wherethe consumersformagrouptoreceivediscountsfromthe suppliers.

Thiswillprovetobeaviabletendencytouseonline auctionstodiscoverthelowestbidderstoaccomplish garments,shoes,andothermerchandiseorders.

HowdidtheRetailEvolve?

Theretailindustryevolvedinthe18thand19thcenturies whentherewasariseinmetropolitancoveredmarkets, specialtyshops,anddepartmentalstores.Bythelate1800s, catalogsbroughtanopportunitytobuyremotely,facilitating ahassle-freeshoppingexperience.

Asthetelephonewasinvented,MontgomeryWard acknowledgedthewrittenordersthroughtheirmail-order catalogsandstartledthenormofshoppingfromhome. Rollingtheballinthecomputerage,thelate90s'witnessed theinternettoviewandbuyproductsonline.Bytheearly 2000'sretailcombatdepressedbrick-and-mortarshops againstonlinestores.

Butnow,theretailersarealsoadoptingnewstrategiesto reachouttothecustomerbyprovidingonlineandoffline services.Today,theretailershaveadvancedtothismark, wherethecustomerscan'tperceivethedifferencebetween onlineandofflineshopping.Shoppingisthemostloving thingthatpeopleliketodo;becausetheycanbuyanything fromanywhereandcompletethetransactionfromtheir mobilephonesduetoeasyaccesstotheevolvedretail market.

Peoplearenolongerdependentoncatalogsorsales associatestobuythegoods,astheycanselecttheproducts oftheirchoice,checkthefeaturesorreviewsbeforebuying

| April 2022 www.insightssuccess.com20
Transforming Industries | April 2022 www.insightssuccess.com21

them,andretailerscanlisttheirproductstomillionsof peoplewithretailapps.

Everyretailercanuseonlineauctionsandsocialcommerce fortheirbusinessesbyspeculatingthattheyhaveaplatform withappropriatetechnology.Let'sdiscussafewonline commerceplatformswhichcantransformtheretail industry.

• Google

WeallknowthatGoogleisasearchengine,butitisnot onlyasearchengine;itisalsoanonlinemarketplace.The retailersgetcustomersontheirwebsitethroughGoogle's organicandpaidsearchservices.Ifyouwantmassiveweb trafficonyourwebsite,youcanalsopayGoogleandbenefit fromitspaidsearchoption.

Ifyourproductbrandisrenownedinthemarket,andthe customersaresearchingforyourproductsoryourwebsite onGoogle,itwillincreasetherankofyourwebsite,which isknownasorganicsearch.

TheretailermustoptimizeGoogleshoppingandbringmore onlinevisibilitytotheproduct.

• SocialMedia

Everyoneusessocialmediaplatformstoconnectandshare messagesandpictureswithrelatives,friends,andmany more.Butduetotechnologicaladvancement,socialmedia platformsarealsogettingadvancedandusingitfortheir businesspurpose.

SomesocialmediaplatformslikeFacebook,YouTube, Instagram,andmanymoremakeitaccessibletoshopthe productdirectlyfromtheadposts.

• Chatbots

AchatbotisoneofthebestAItoolswhichhelpsin increasingrevenue.Itisspecificallymadetosolvethe customers'queries,whichsavestheemployeetime.

Chatbotengagesmorecustomersonthelandingpageofthe websites,findingcustomers'requirements.Italsoimproves thecompany'ssalesandcustomerengagement,retainsthe existingcustomer,andbooststheshoppingexperience.

• UtilizemoreARandVR

Manypeoplestillhesitatetoshoponline;oneofthemain reasonsisthattheycannotanticipateaproductaccordingto theirdesirewhichisabigchallengeforonlineretailersto sellapparel,furniture,andotheraccessoriesonline.

So,theutilizationofAugmentedReality(AR)andVirtual Reality(VR)isanewsocialcommercetrendthatsetsthe demand-supplyatthecustomers'might,wherethecustomer cantryorchoosetheproducts.

ConcludingWords

Astechnologyisupgradingeveryday,variousindustries areadoptingtechnologicaladvancements,providingtheir customerswiththebestgoodsandservices.

Withthehelpofonlineauctioningandsocialcommerce,the customersaregettingavarietyofchoiceswhileshopping.It alsohelpsonlineretailerstoretaintheircustomersby presentingtheirproductstotheglobalmarketusingsocial commerceandonlineauctions.

| April 2022 www.insightssuccess.com22

Proppy.co.nz

veryindividualonthisplanethasdreamtabout

Ebuyingahouseorpropertysometimeortheother Theideaandtheprocessofbuyingpropertyare challenging.Itincludessavingmoney,findingasuitable propertyasperrequirements,contactingtheownersor realtors,negotiatingthebudget,andfinalizingthe paperwork.

Allthisold-schoolworkhasbecomeeasywith digitalization,whereeverythingisdoneonline.Eventhe auctionsandbiddingforpropertiesaredoneonlinewith zerochaosandaccessiblefromanyplacethathasInternet.

Manycompaniesandagentsassociatedwiththerealestate industryhelppeoplebuyandsellpropertiesthroughonline andofflineservices.Proppy.co.nz.isonesuchwebsite basedinNewZealand,wherepeoplecanbuyandselltheir propertysmoothly Theyhavereducedalltheunnecessary coststhathelptheirclientssaveatruckloadofmoneywith transparency

HannahWalker,Co-founderofProppy.co.nz.shared withushowherorganizationoperatesandhowhelpfulitis torunabusinessonline. Belowarethehighlightsofaninterview: PleasedescribeProppy.co.nz.

Proppy.co.nzisaNewZealand-ownedrealestateagency establishedin2015.Proppyhaseliminatedtheneedforthe traditionalbrick-and-mortaroffices,allowingustoreduce ourcostsandpassonthesavingstoourclients.

Proppy.co.nzissmartenoughtobuyandsellrealestate.We haveasafeandsecureonlineplatformthatallowspeopleto negotiate,signsaleandpurchaseagreementsonline,and holdonlineauctions.Andtheicingonthecakeisthatwe onlycharge1.75%+GSTcommissioncomparedto competingagentswhochargeyouapprox.3.95%.

Proppy.co.nzisnotonlyawebsitebutalsoarealestate platformallowingsellersandbuyerstotransactrealestate inasafeandsecuremannerwiththeassistanceoflicenced realestateprofessionals.Assuch,wehaveincorporated rigoroussystemsandprocessesintheplatform,allowing forthetransactiontooccuraccordingtocurrentRealEstate Authorityrules,REINZbestpractice,andthelaw.Our platformisinnovative,andwebelieveweareoneofthe onlycompaniesinNZoreventheworldwhichallowsyou tolistapropertyonlineandthensellpropertyonline.

Hannah,tellouraudienceaboutyouandshedsome lightonyourprofessionaljourneyintheauctionand biddingniche.

MynameisHannahWalker,andIwearmanyhats!Mum, businessowner,friend,teacher,nurse,referee,IT professional,wife,chauffeur,cleaner,laundrymaid,and salesweapon-justtonameoffewofmydailyhats!

Mybusiness(mythirdchild)Proppy.co.nzwasborninan

The 10 Most Promising Online Aucon & Bidding Companies
| April 2022 www.insightssuccess.com24
Hannah
Walker Co-Founder Proppy.co.nz

auctionroominAucklandwhenmyhusbandandIwere tryingtoupgradeourhouseandmoveintosomething biggerbeforethearrivalofourfirstchild.Asmostpeople haveexperienced,buyingapropertyisastressfultime.As theauctionwasinfullswingwithmyhusband(Tyson) bidding,Iwentintolabour

Weknewtherehadtobeabetterway,andsowegot thinking.Wedidawholebunchofresearch,lookedatwhat washappeningoverseas,spoketosomesuper-smartpeople, andrealisedthatthisold-schoolwayofdoingbusiness could,infact,betakenonlineandcouldsaveeveryonea wholelotoftimeandmoney

Andso,in2016,justoneyearafteroursonarrived(forthe record-notinanauctionroom!),Proppywasborn. BeforeIstartedProppy.co.nzIhaddifferentsalesjobs involvingtechnologyandhavealwaysbeeninterestedin newandinnovativethings.CreatingthefirstNZonline auctionrealestateplatformhasbeenchallengingbut rewarding,knowingthatwearemakingadifferencein people'slives.

WhatweretheinitialchallengesthatProppy.co.nzhad toovercome,andhowdidyoupivotthose?

Whenwestartedthebusiness,wethoughtoureasy-to-use onlineplatformmightappealmainlytothepeoplemore familiarwithonlinetransactionsandyoungercustomers.As ourmarketingstrategydevelopedandfeedbackfromour customersstartedcomingin,werealisedthatweappeal moretomaturecustomers,especiallypeoplewhohave boughtandsoldpropertiesalready.Itwasachallenge educatingthemonthenewwaytobuyandsellproperty, butwehaveovercomethisnow,showingthemhow technologyandinnovativewaysofsellingcangetthem greatsaleprices.

Ourmaincustomerbase,atpresent,isfirsthomebuyers andbabyboomers.Ourmarketingandbrandingare uniquelydesignedtoengagewiththatsegmentofthe population.Weusetheusualmarketingmaterialslikeall otherrealestateagenciessuchassigns,brochures, maildrops,TV,Radio,etc.However,wehaveabigfocuson socialmediawherewecantargetandretargetcustomers andcreateinnovativecampaignstohelpusexcel.

Anotherchallengewhenwestartedwastryingtogetsellers tobelieveinourtechnologywhichwasearlyforNZ'ers. Theyhadtotakeariskandtrustthatwecouldgetthebest pricefortheirhouseusingonlineauctiontechnology.Hard workandperseverancegotusthrough.Weheldourheads highandbelievedinourtechnology,andareproudofwhat wehaveachieved.

Whatwasyourinspirationbehindventuringintothe auctionandbiddingspace?

Mypersonalexperienceinbuyingandsellingproperty inspiredme,andIrealisedthattherealestateindustry neededa"shakeup".MyhusbandandItriedtobuy numerouspropertiesinAucklandandfailedtobesuccessful throughthetraditionalauctionmethod.Therewasno transparencyintheindustry.Thiswassomethingwewanted tochange.Aftergoingintolabourinanauction,wedecided onlineauctionswerethewayforward,andwestartedour journeyintolaunchingproppy.co.nz.

Whatisthecurrentscenariooftheauctionandbidding market?

TherealestatemarketisstartingtochangeinNZcurrently, anditisbecomingmoreofa"buyer'smarket".Thereare morelistings,andthebankshavetightenedupontheir lending.Becausetheseauctionsarenotaspopularinthe currentmarketastobuyatanonlineauction,yourbuyers

| April 2022 www.insightssuccess.com26

needtobeunconditional(escrow)tobidandbuyproperty. ThisisbecomingharderinthisNZmarket.It'scyclical, though,andthiswillchangeagain.

Whatcanequipmentbuyersdotoensureproper preparationforbiddingatanauction?

Allourbuyersareeducatedaboutonlineauctions,thebest strategiesonbidding,andhowtobesuccessfulatsecuring ahouse.Weteachthemhowtousetheauto-bid functionalityandhowimportantitistobidstrongtosecure thehouseoftheirdreams!How-tovideosandlive demonstrationsareprovidedbytheagentssellingthehouse sothatbuyersarepreparedandknowwhattododuringa liveonlineauction.

Wealsoensurethatourvendorsareprotectedbyensuring thatthebuyerscreatealoginatproppy.co.nzandthen verifytheiridentityonlinetomakesureweknowwhois bidding.

HowisProppy.co.nzleveragingmoderntechnologies forauctionandbidding?

Allusersoftheplatform(BuyersandSellers)arevetted andhavetheiridentitiesconfirmedaccordingtotheAnti MoneyLaunderingLegislationthroughanintegrated third-partyprovider-www.cloudcheck.co.nz.Thisis streamlinedandinnovative.

Onceverified,clientscanparticipateinlistingtheir propertyorpurchasingaproperty.

Alldocuments,includingListingAgreementsandSale andPurchasedAgreements,aresignedelectronically onlinethroughanotherintegratedpartner,Secured Signing.

Third-partyauditorsperformourAntiMoney Launderingauditsona

Awards

Ÿ
Ÿ Ÿ
Ÿ
Ÿ
Ÿ
regularbasis. Ÿ AlltransactionaldepositsareheldaccordingtoREA requirementswithPublicTrust-NZRealEstateTrust, independentlyauditedbythirdparty Ÿ Ourday-to-dayaccountsandperformancearemonitored throughXero,withadedicatedlocalaccountant responsibleforourbusiness. Ÿ Ouronlineauctionprocessisuniqueandinnovative. Whatwouldyouliketoadvisethebuddingaspirants whoarewillingtoentertheauctionandbiddingniche? It'satoughroadwhenstartinganewcompany,butatthe sametime,itisrewarding.Onlineauctiontechnologyis exciting,andtechnologyisalwayschanging.So,it's importanttokeepontopof"new"thingscomingtothe marketandbeingabletoadapt.
Proppy.co.nz - Winners of the 2019 Digital & Technology Innovaon Award (Westpac Tauranga Business Awards) Finalist in the Outstanding in Innovaon Award for Ignite Wanaka Business Awards. | April 2022 www.insightssuccess.com27

M. Wya

AddingZEROS

Monte
CEO

Leadershipandmanagementare termsfrequentlyinterchanged withintheworkplace.Both conceptsareinterconnected,butthey donotmeanthesamething.By understandingthedifferencesbetween them,youwilllearntheimportanceof leadershipinmanagementandhow leadershipdevelopmentwillallowyou tobeabettermanageroverall.

"Leadership is not about position. It's about action." – Pulling Profits out of a Hat

Asabusinessexecutive,management ishandedtoyoualongwithyourjob title.Amanager'sjobistoplan, organizeandcoordinate.Leadership, however,isaresponsibilitywhere managersinnovate,challenge,and inspiretheiremployees.Youmanage processes;youleadpeople.

Inbusiness,weneedbothleaders andmanagers:

"Leadership creates passionate and focused people, management oversees processes, so the team is competent and productive." – Pulling Profits out of a Hat

Withinabusiness,weneedboth leadersandmanagers.Leadersinspire peopletotakeaction.Managershold peopleaccountableforthoseactions.

Anyoneintheorganizationhasthe potentialtobecomealeader,but

managers must beleaders.Aleader whocannotmanagehasavisionof wheretheywanttogobutnoideaon howtogetthere.Amanagerwho cannotleadisnotabletobuildtrust andcreateengagementwithinan organizationtogettowheretheyneed togo.

Tobetterunderstandthedifferences betweenmanagementandleadership, thinkaboutthedailyroutinesofthe managersandleadersinyour organization.Managersfacilitate1-on1'swiththeirdirectreports,creating clearexpectationsandholdingtheir teamaccountableformeetingthem. Managersalsoholdteammeetingsfor directionandcommunication, revisitingandtrackingprogress towardsquarterlygoals.Lastly,a managerreviewstheactionsand resultsofeachindividualandteamto determinetheirperformance.

Aleader'sdailyroutineisdifferent–theyfocusonthebigpictureofthe company,helpingtoinspireothers throughsupportandconsistency A leadershowsappreciationtoteam members,givesawardsandaccolades whendeserved.Aleaderalsofocuses onthepersonaldevelopmentofeach individualandteam,workingtofoster thecommunicationandfeedback neededtomaketheorganization stronger.

Behindeveryinnovativecompanylies acharismaticleaderwhopushesand

inspireshisorheremployeestobethe best.AsSteveJobswastoAppleand JackWelchtoGE,greatCEOsare knownformorethantheir managementskills.Theyoffera differentapproachoutsidethenorm andmotivatetheirfollowerstoexecute theirvisiontoreachtheirbusiness goals.

Executiveleadersinstillacorporate cultureintheirorganizationsthat encourageemployeestostayengaged intheirwork.Employeesaregiven recognitionandareshown appreciation.Byfocusingon employeesaswellastheoverallbig picture,executiveleadershelptheir peopleplaytotheirstrengthstoreach theirorganizationalgoals.

Keysforleadershipdevelopment:

Asamanager,areyoualeader? Leadershipcanbelearned,andyou shouldcontinuetogrowasaleader througheducationandcoaching.Asan executive,youspendalotoftimeand valuableresourcestrainingyourstaff onhowtobemanagers.Itisimportant toalsoteachexecutiveshowtobe leaders.

Allgrowthcompaniesmustbetraining anddevelopmentcompanies.Every personinyourorganizationshould haveapersonaldevelopmentplan, includingyourself!

| April 2022 www.insightssuccess.com31

theHow & areChanging InternetTechnology AUCTIONS?

Onlineauctionshaveemergedtobeapopulartrend inthebusinessworld.

Wehaveseentheauctionsprimarilyinthemovies,where theartistsellshisarttothehighestbidder.Insuchmovies, weseeamanstandingonthestageandaskingforhighpricedbidstoselltheproducts,whichmightbeuniqueart, crickettournaments,andmuchmore.

Buttechnologyortheinternetneversegregatesanything;it pervadeseveryindustryfrommanufacturingtomarketing. Moreover,theauctionhousehaschangedmomentouslyand resultedinthetechnologicalpotentialoftheinternet bidding.

Anonlineandnewscastauctionbroughtanewandexciting journeyforthebiddersorauctioneersinthehouse,butit hasafewupsanddownswhentechnologychanges.

TherecentTrend-OnlineAuction!

Onlineauctionisnothingbutbiddingonlineforthepriceof products,artmaterialslikepaintings,houses,orantique showpieces.

So,wheredoyoufindaccesstothesewebsitesconducting theseauctions?

E-baywasthefirstplayerinonlineauctioning,andithas setthemindsetofthepeopleforonlineauctions.Other websiteslikeWordPressprovidetheWooAuctionsoftware forsellersandbuyerstobidonproducts,wheremany biddersusethetraditionalbiddingapproach,likewaiting

tillthelastminutetobid.Butnow,themethodisnot preferred,sothosewhousetheconventionalsystemare knownas"snipperbidders."

Snipperbidderwastheonewhohadtheagileinternet,or elsetheysenttwoormorebidssimultaneously

TheParticipantsObjective!

Asthetradeobjecthasadiversecontextforauctioning,this segmentwillshedlightontheparticipants'motives.

• ToCo-ordinateMechanism

Theparticipantsco-ordinatewithamechanismto increasetheefficiencyforestablishinganequilibrium priceofanythingtheyarebiddingon.Itincludes automationauctionsamongthesoftwareagents,auctions onpower,andtheauctionforallocating telecommunicationbandwidthworldwide.

• SocialMechanismtoDetermineaPrice

Thethingsthatarerandomlyavailableinthecountry, rareortraditionalheritage,mayinitiatetheauctionand fascinatepotentialbuyers.Theseauctionscatertolarger audiences,bringingmoreexposuretothesellersor buyers.

• TheHighlyVisibleDistributionMechanism

Thisauctionisquitedifferentfromothers,providing variousofferstograbtheattentionofthebuyers.Itis probablyforthosecustomerswholikebargainingwhile shoppingorwhohavegamblingpreferences.

Theonlineauctionhasincreasedthedemandandsupplyof

| April 2022 www.insightssuccess.com34

Online Auction

BenefitsofOnlineAuction

Nowadays,thebuyerordersanythingfromtheonline shoppingsites,andtheproductsaredeliveredtotheir doorsteps;ifyouareaseller,youmustbeawareofthe onlinesellingprocess.Apartfromonlineshopping,have youevertriedonlineauctioning?Ifnot,youshouldknow thebenefitsofonlineauctioningbecauseithasbeen recognizedgloballyasmanycorporatesutilizedigital platforms.

Ifyouarenotsureaboutonlineauctioning,thesebenefits mayhelpyouclearyourdoubtsabouttheonlineauction.

• FreefromGeographicalRestrictions

Onlinebiddingcompletelyeradicatedtraditional auctioning.Inclassicmode,anindividualhadto physicallybepresentwheretheauctionhadbeen conducted,andsometimesthebuyerdidn'tknowwhether theywouldbuyanythingintheauction.

Theonlineauctionprovidesopportunitiesforthesellers tobringtheirproductsandservicestomillionsof prospectsworldwide.Thesellercanlistouttheirproducts andservicesfromonecorneroftheworld,andthebuyer canprevailtheproductsandservicesfromanother.

• CaptivatingDealfromAllAroundtheWorld

Theonlineauctionreceivedanexcellentresponse worldwide,andithasinevitableandalluringdealsfrom allovertheworld.Youmayfeelblisswhenyougetto knowthattheout-of-budgetitemyoudesireisnow availableatameagerprice.Thecostofanitemreduces becausetherearenomiddlemen,agents,suppliers,or brokersinvolvedtoincreasethecostoftheitems.

Onlineauctionalsopreventsthebuyerfromundue exploitationandfeaturestheaspectsofequalityand decency.

• QuickFeedbackwithOnlineAuctions

Traditionally,wheneverthesellerputsanofferonany item,thesellerhastowaitfortheleadtogivethe feedback,andsometimestheprocessofwaitingtakes time.Butwiththehelpoftheinternetandtechnology, onlineauctionssurpassedthetraditionalapproach.

However,onlineauctioninghelpsthesellertogetinstant feedback,andwiththehelpofit,theycanmakechangesin thebidorthepricesaccordingly,withoutwaitingfor monthsaltogether

WrappingUp

Asweallknow,theinternetandtechnologyarechanging theworldrapidly;today,wecanseetechnologyinevery industry,whetheritiseducation,manufacturing,marketing, orauctioning.

Facilitatinganexcellentplatformforthebuyerstobargain forthelistedproducts,thesellersalsoreceivethebenefit fromonlineauctioning.Thishasreducedthecumbersome processoftheclassicalmodelandprovidedanopportunity forremote-basedauctioning,providingahassle-free experiencewhilecateringtotheglobalaudience.

| April 2022 www.insightssuccess.com35

Jane Peyton Founder School of Booze

JanePeyton

The Accidental Entrepreneur

Iamanaccidentalentrepreneurwhobuiltoneofthe world’smostuniquecompaniesbynotfollowingthe rulesofbusiness.Havingmyowncompanywasnot somethingIthoughtaboutwhenIenteredthejobmarket aftergraduatingfromuniversity.Severalcareerslaterasa PRexecutive,TVproducer,andjournalistIfeltdissatisfied thatIwasspendingsomuchofmylifeworkingreallyhard forthebenefitofacorporationandthatIwasnotreally doingwhatIwantedtodo.SowhatdidIwanttodo? I wantedtoworkatsomethingthatgavemegreatsatisfaction andthatIexcelledat,whereIcouldusemypersonalas wellasprofessionalskillsinajobwhereeachdaywouldbe different,butmorethananythingIwantedtoworkinan organisationthattreatedemployeeswithkindness,offered flexibleworkinghours,caredabouttheissuesthatIdid,and hadacompanycultureofconsiderationforothers.A companythattickedthoseboxesdidnotexistinreallifeso insteadofjustdreamingaboutthismythicalbusinessentity, Ifoundedit!SchoolofBoozeoffersevents,education, consultancy,speeches,copywriting,London(UK)pub toursandsoithasmultipleincomestreams.Thisdiversified offeringwasasaviourduringthepandemicwhenallmyinpersongroupeventsandtrainingceased.

Asanaccidentalentrepreneur,Ihavedonethingsmyway infoundingSchoolofBoozetosuithowIwanttowork, andhowIwanttoworkwithothers.Ihavecreatedaniche andsucceededinit.Nascententrepreneurs,andpeople consideringstartingtheirowncompanybutthinkingthey havetoconformtobusinessnormsmightbeinterestedin whatworksforme.

Graduatesofbusinessschoolmayholdtheirhandsupin horroriftheylookedathowIrunthebusinessandmy motivations,buthappiness,integrityandrespectforthe peopleIworkwithismoreimportanttomethanrelentless profits.Ipurposelykeepthecompanystructureandmyway ofworkingflexible,includingnothavingemployees,but insteadhiringpeopleonaproject-by-projectbasiswiththe expertiseIneed. Theyarecontenttoworkascontractorsas itgivesthemflexibilitytoo.Myjobhasneverbeen9-5and neitheristhescheduleofthepeopleIhire.Unlessthereisa specificdeadline,theydotheworkinthehoursthatsuits theirpersonalcommitments.

Ioftenthinkaboutthetyrannyofthe9-5modelofworking andwonderwhenpeoplewhoworkthatwaymanagetoget tothedentist,dotheshopping,andothernecessary activities.Thereissomethingelseabout9-5working. Withinthosehourspeoplemaynotbeproductiveorattheir peakwhenanemployerexpectsthemtobe.Some employeesmayflourishatothertimesofthedaylikeIdomymostproductiveworkhoursarebetween2pmand9pm. Iftheiremployerpermitsthemtodotheworkinthehours thatsuitsthemthentheemployeeislikelytobemore productive. Irealisethatnotalljobsandcompaniescanbe flexibleand9-5mightbenon-negotiableinmanycases,but aslongastheworkgetsdone,theemployerthatcanoffer thatflexibilityandtreatstheirstaffashumanswithlives outsideoftheirjobwillhaveahappierworkforce.

NotonlydoInothaveemployees,butIdonothaveaboard ofdirectorsorstockholderseithersoIcanmakedecisions

| April 2022 www.insightssuccess.com37

quickly,acceptordecline opportunities,usemyinstinctasto whatisbestforthecompany,and operateinawaythatistruetomy principles.Lookawaynowifprofitand year-on-yeargrowthisthemostimportant factorinbusinessbecauseitisnotforme. Beingkind,havingfun,andofferingthe bestexperiencepossibleforthestaffand clientsIworkwithiswhatmotivatesme.

Formekindness,empathy,andconsiderationare essentialqualitiesinbusiness. Asthesayinggoesyou getfurtherwithhoneythanvinegar.Ipayabovethemarket rateforstaff(andIpaystudentinternsalthoughmany companiesdonot)becausethemarketdoesnotgivevalue tothoseintangibleandpricelessaspectsofapersonthat cannotbemonetised–theirpersonality,theiressenceasa human,theirloyalty.IappreciatewhatthestaffIhiredo, howtheydoit,theirskills,theirreliability,andthepleasure itistoworkwiththem.Inanycasemostpeopledeserveto bepaidmorethantheyalreadyare!Ialsoensurethat invoicesaresettledwithinadayofreceivingthem. Companies(usuallybigcorporations)thatrefusetopay invoicesformonthsforgoodsandservicesalready providedareusingsupplierstosubsidisetheirbusinesses andthatispureexploitation. Imagineifthatpersonwho enforcesthedelayedpaymentofinvoicespaidforamealin arestaurantbutdidnotreceivethefoodformonths?

Myfirstemployeraftergraduatingfromuniversitywas highlyunpredictable,wouldregularlyshout,andacted unreasonably. Itwassuchastressfulatmospheretoworkin butIthoughtthatmustbewhatahigh-poweredjob entailed.Backthenanemployee’smentalhealthwasnota consideration,itisnow,andrightlyso.Nojobshouldmake apersonfeelill. ItwasonlywhenIleftandfoundother employmentwhereallwascalmthatIrealiseditwasnot normaltofeelhighlystressedintheofficesoImadethe pledgenevertoworkinnerve-janglingsituationsagainand thisinformsthewayIdobusinesstoday.Ihaveseenhow friendsemployedbycorporationshavebecomestressedby thecompanyculture,theinflexiblehours,thepressureto reachtargets,andiftheydoreachthem,thetargetsare increasedthefollowingyear. AsabusinessownerIam fortunatetohavenoneofthat,butitwasanactivechoiceI made.Mostpeoplespendthemajorityoftheirwaking hourscommutingandbeinginworksoitshouldgivethem enjoyment.

Beingasmall-businessownerdoesnotsuiteveryone, neitherdoesmyattitudetodoingbusiness,butforanyone consideringstartingtheirownenterpriseIsaydoit! And doitinthewayyouwantittobe. Inventinganicheandnot followingthetraditionalmethodsofrunningacompanyhas notstoppedmefrombeingrecognisedandrewardedformy businessacumen.SinceIfoundedSchoolofBoozein2008 Ihavewonnumerousawards,buttwoinparticularstand outforme.In2021IwasafinalistintheGreatBritish EntrepreneurAwards,andinanothercompetitionSchoolof BoozewasincludedintheTop100Small&Medium EnterprisesinLondon&South-EastEngland. Startingmy businesswasagainstalloddsandthenewlygraduatedme lookingintothefutureatthematuremeandseeingthe accoladeswouldnotbelieveit.Buildingandexpanding SchoolofBoozegivesmesomuchjoyandknowingthatI amdoingitinawaythatmatchesmyvaluesmakesmevery content.

JanePeytonBiographicalDetailsforBox-Out

JanePeytonisanaward-winningdrinkseducator,writer, broadcaster,pubexpert,andpublicspeaker.Sheisthe founderoftheSchoolofBooze–atraining,education, eventscompany,andconsultancyspecializinginalcoholic drinks.

JanewastheUK’sfirstaccreditedPommelier(cider sommelier)andBritain'sfirstBeerSommelieroftheYear. SheisaformerImbibeMagazineDrinksEducatorofthe Year.ForherbeerworkshewasawardedaLifetime AchievementfromBritain’sParliamentaryBeerGroup,and haswonseveralotherprofessionalawards.

Janeistheauthorofseveralnon-fictionbooksincluding ‘Drink: ATippler’sMiscellany’,‘Beero’Clock’,‘The PhilosophyofGin’and‘ThePhilosophyofBeer’.

| April 2022 www.insightssuccess.com38

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.