No matter how well you research a storage unit or how carefully you bid, you’re bound to find a lot of trash and useless items. Once you win the unit, it’s your responsibility to have it fully emptied and swept clean within 24 to 48 hours. Failure to do so puts you in danger of…
Before you attend your first storage auction, you’ll want to be prepared. By understanding how and why the auction occurs, you can prepare yourself for the type of items you’re most likely to find. This in turn can help you budget for auctions and begin making plans for your budding resale business. Storage auctions occur…
When you’re first starting out with storage auctions, it can be hard to determine which items make a unit worthwhile. It’s tempting to bid aggressively on every unit you come across just so you can win something, but that’s not a good strategy if you want to make money. Your goal when bidding at a…
You won your first virtual storage auction. Paid then hauled the merchandise back to your home. You have boxes to dig through, clothes to sort and electronic equipment that may or may not work. Now what? How do you flip your inventory into a profit? Unfortunately there’s no set formula. Many factors come into play….
You own a thrift store, second-hand store, or maybe enjoy selling at swap meets and flea markets. But you need product, especially if you want to expand your business. Storage unit auctions are a solid choice for finding a variety of products for you to profit thereby. One tiny, teeny, issue… Buy low, sell high…
You bid on storage units and you have won a few. Good for you. What is your percentage rate in selling what’s inside those units for a profit? Not as good as you would like. Swap meets, flea markets, garage sales and eBay auctions will recoup your money to a point. What you need are…
“I have many skills.” – Xena Warrior Princess. I admit. I loved that show and I can actually wield a sword. I was a fencer for two years. But if you ask me if I can wield a paint brush to give an old junky piece of furniture a total makeover. Uh, hmm, no. Not…
What is your passion? No, no, not buying storage units at auctions. That’s either your full-time job or hobby. Passion is more “specific” in nature, it’s a niche. Jarrod Schulz from Storage Wars digs blue jeans. He knows what style, brand, even the color of stitching on collectible jeans. Jenny Grumbles from Storage Wars: Texas…
You frequent auctions but your ratio of actually winning a storage unit under 50%. Maybe you should consider a new tactic. Convert from auction hunter to auction scavenger. Definition of scavenger: “A person who searches for and collects discarded items.” Every episode of Storage Wars and its spinoffs you see Dave, Jarrod, and most especially…
You want to bid on storage lockers but you lack range of knowledge on antiques and collectibles. Not able to spot the difference between name brands or knockoffs? How do you cultivate expertise without spending a small fortune through real life trial and error? Books are a solid venue to gain insight to the value…
