Pros And Cons of Storage Unit Auctions

It's a Tough Business - Are You Up For The Task?

Are you interested in making money with mini storage auctions?  If so, you are not alone.  Many individuals are finding the buying and reselling of goods bought at these auctions to be a relatively easy way to make money.  But, is it the right opportunity for you?

Mini storage auctions are increasing in frequency.  This has a lot do with the economy today.  Many are forced to leave their big homes and relocate to a smaller home or an apartment.  This often results in the renting of a storage unit.  Unfortunately, the economy is also making it harder for renters to stay up-to-date on their bills.  As sad as this is, it does mean more self-storage auctions for you to profit from.  Depending on where you reside, you may be able to attend a different public storage auction every weekend!

It is, however, important to state that there is some risk involved with mini storage auctions.  Why?  Because you don't always get to see what you are bidding on.  Many times, you just get to peek inside the unit from outside the door.  That is why it is recommended that you bring a flashlight.  Yes, you may walk away with valuable jewelry or antique furniture that you can resell for a profit, but you may also walk away with family mementos.

Despite the possibility of a risk, there is a good chance that you can make a profit.  Many make around $1,000 for each storage unit that they purchase.  Remember that your goal is to make a profit, so even if you make only $200, you still made money.  On that same note, some lucky bidders have seen profits as high as $50,000 or more.  So, how do you become one of those lucky bidders?  Through trial and error.

As previously stated, mini storage auctions can be risky, as you don't always get to see or inspect what you are bidding on.  You can, however, use your best judgment and look for telltale signs.  Bring a flashlight with you and look inside real quick. You may only have a few seconds to do so, but look for items that are large in size, like furniture or household appliances.  These items can almost always be resold.  Look for boxes with moving company names or logos. 

Another pro or plus side to using self-storage auctions to make a profit is the reselling options that you have.  You can list your items for sale on an online classified website, like Craigslist.org, sell on an online bidding site, like eBay.com, rent a table a flea market, or host your own hard sale.  As for what option is the best, it depends on what you have to sell.  Large items, such as furniture and home appliances, can be costly and difficult to ship, so you may see the best luck selling them locally. 

If you have never attended a mini storage auction before, you may want to see what one is like.  Even if you don't plan on bidding, be sure to have cash on hand.  While watching the action, you may spot an antique out of the corner of your eye that no one else seems to notice.  Attending a self-storage auction just as a bystander can give the needed confidence to start bidding at the next auction. 

How Craigslist Can Help You If You Win

Making Money With Storage Auctions And Craigslist

Are you looking for a relatively easy way to make money with the buying and reselling of goods?  Your first thought may be to attend neighborhood yard sales, but there is an even better option.  That option is attending mini storage auctions.  At these auctions, you tend to get more merchandise for your money.

If you want to make money with the buying and reselling of merchandise, you need to find a profitable method of reselling.  You do have a number of different options, including eBay, yard sales, and flea markets.  One option that you may want to pay close attention to is that of Craigslist.

If you are an avid internet user, you may have heard of Craigslist before.  If not, it is a free online classified website.  A wide range of information is posted, including job want ads and garage sales, but you can also list items available for sale.  The website is divided into separate sections for cities.

To make a profit with the buying and reselling of self-storage auction units, you need to limit your expenses.  This starts at the auction.  Do not bid high unless you are sure you are getting valuables.  Next, limit your expenses when trying to resell the items.  This is why Craigslist is recommended.  As previously stated, it is a free online classified website.  This means that you do not have to pay to list your items for sale, unlike the popular online bidding website eBay.

If you perform a search on the Craigslist.org website, you will find that many people are selling merchandise without posting pictures.  Do not do this.  If you have a digital camera or even if you must borrow one, use it.  Classified ads with pictures are likely to generate more interest, which increases your chances of making a sale.  Before taking any pictures, be sure to clean the item in question.

On Craigslist, you can post classified ads without having an account.  You are encouraged to signup for one anyways.  When you do so, those interested in buying your merchandise can contact you through the website.  This is ideal if you don't want your personal information, such as your email address or phone number listed online.

Since classified advertisements are free to post on Craigslist, you will want to create a listing for each item that you have.  This is important as you will be able to create a unique headline.  You don't want your headline to be something general like "a lot of items for sale."  Instead, write "1999 push lawnmower – works great." 

Although you are encouraged to create separate postings for each item that you want to sell, there are a few benefits to grouping similar items in lots.  For example, did you end up buying a box full of DVDs?  Instead of listing those DVDs for sale individually, sell them together in one lot.  This works great if the movies share similar themes, such as all action and adventure.

Grouping items together in lots can also reduce the amount of merchandise you throw away or donate to charity.  Do you have a collection of kid's clothes with sizes between 3T and 5T?  If you have a mixture of name brand and off brand clothing pieces, you may consider donating the unknown brands, but you don't have to.  Sell them altogether.  As long as you have a few name brands in the group, everything should sell.

When listing merchandise you purchased at a mini storage auction on Craigslist, it is important to choose an easy method of contact.  If you opt to be contacted through the website, be sure to check your email.  Have an answering machine turned on if you provided your phone number and will not be home.

Finally, decide on a method of delivery or pickup.  State this in your listings.  You can deliver products to your buyer, but keep the cost of gasoline in mind.  Don't let unnecessary travel expenses prevent you from profiting from the buying and reselling of public storage auctions.

Storage Unit Auction - Be Prepared

Preparing For A Storage Unit Auction

Do you want to make money buying and reselling items bought from a storage unit auction?  If so, you are not alone.  Many are finding self-storage actions to be an easy way to make a profit.

If you have never attended a storage unit auction before, you may be curious what you need to do in preparation.  Please continue reading on for a few helpful tips.

The day before or the morning of the auction, contact the company.  You will want make sure that auction is still set as scheduled.  If you have to travel far, this will save you a wasted trip.  Some people will make good on their overdue bill to save their stuff, even at the last minute.  This may result in an auction cancellation.

Most importantly, get cash and have plenty of it.  Once you attend your first mini storage auction, you will see how much great stuff is available for bidding.  Yes, you don't always get to see or inspect those items up-close and personal, but you may get caught up in the moment of bidding.  You may want to place multiple bids.  Rarely are credit cards or checks accepted

It is also important to plan on winning.  Yes, you may not, but always have a plan set in place.  You only get a set number of hours, which may be less than 24, to remove your winnings.  If you don't already own a truck or van, can you gain access to one?  Additional moving supplies are recommended as well, including work gloves, plastic tarps, and cushions.

As previously stated, you will want to plan on placing a winning bid.  This means creating a plan of action, in terms of what to do with your recently purchased merchandise.  Although this plan can wait until after you win, it is best to have a generalized idea.  Why?  Because the sooner you can resell the items, the sooner you can make a profit.  It also reduces the clutter around your home, as you won't need a place to store it if it is already gone.

If you win the contents of a whole store unit at an auction, start sorting right away.  You will end up with "junk," that you just want to throw away.  Stop by the junkyard on your way home.  In some rare cases, the storage company may have a dumpster onsite.  If you use it, be prepared to pay a small fee, but it is a convenient way to quickly get rid of garbage.

In addition to items that are considered junk, in terms of quality, you may come across personal items.  They are useless to you.  Turn them over to storage company.  If they do not accept them, you should properly dispose of them in a quick, yet safe matter.  Contacting the original renters is possible, but you may run into problems.  If you offer to give back their family photographs, they may try to get everything else back too.

Once you get all of the items home, resort them again.  This is best done as soon as you unload.  Create three different piles.  What do you want to keep?  What do you want to resell?  What can you donate to charity? 

You will also want to determine ahead of time how you plan to resell these goods.  This is important, as it can have an impact on your storage or where you unload them to.  If you plan to sell on eBay, take the items into your home so that you can clean them and take pictures.  If you intend to sell at a yard sale, leave them in a convenient location, such as your garage.

As previously stated, you can make money reselling merchandise you bought at a mini storage auction, but it can be risky.  There is always a chance that you will walk away disappointed.  If and when that times comes, try again.  Remember, the more merchandise you buy at mini storage auctions, the more your chances of profiting increase.

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How To Be Succesful At The Auctions

Dos And Don'ts For Mini Storage Auctions

If you want to start making money with the buying and reselling of self-storage auctions, it is important to know what you are doing.  Yes, you can make a profit with mini storage auctions, but there is always a risk involved.  To help make sure you see a profit, please continue reading on for a few helpful tips.

DON"T go unprepared.  If a phone number is provided call ahead of time to see what you need.  Most likely, cash will be the only accepted method of payment.  Ask if you can arrive early to look around.  Know if you have to pay a fee to participate in the auction.

DO anticipate on winning a storage unit auction, even if you do not.  This is important, as you usually have 24 to 48 hours to remove all items.  For that reason, it may be best to arrive with a truck or a van. At the very least, bring a padlock to secure the unit until you are able to return.

DON"T try to buy back your belongings at a mini storage auction.  If you are behind on your bill and find that your items are being sold, talk to the owner right away.  Some will cancel the auction up to a few hours before if you are willing to pay your overdue bill.

DON"T bid too high on sealed bins or closed storage units.  Yes, you may walk away with a lot of valuables, but you may also walk away with nothing more than family photographs and personal documents.  Even if you can't look around, you should be able to take a quick peek inside a storage unit from outside the door.


Do You Want To Succeed At Your Next Auction? Click Here To Find Out How

DO look for signs that you have hit the jackpot.  This can also give you a good bid idea of how much to bid.  Look for storage units that are packed full, filled with home appliances, furniture, name brand products, and antiques.

DON"T bid high just to win.  Unfortunately, it is easy to get caught up in the moment at mini storage auctions.  Yes, losing to a higher bidder does stink, but don't let the competitive environment cause you to lose money.  Remember, there is always next time.

DO try to resell what you can.  If you must, get creative.  Do you have a lot of poor quality or stained clothes?  Cut up the clothes to create scraps for sewing.  Sell them by the boxful.  Do you have a broken piece of furniture?  Try to fix it before opting to throw it away.

DON"T pay to dispose of items you can give away for free or donate to a charity.  Remember your main goal is to make a profit.  This involves limiting your expenses, including trash removal costs.

DO know that you have a number of different reselling methods.  Hosting a yard sale may be your first idea, but that is not your only option.  Many successfully use yard sales, flea markets, online classified ads, newspaper classified ads, and eBay to make a profit from the buying and reselling of self-storage auction merchandise and you can too.

DON"T give up if you have a bad experience the first time around.  Did you pay $100 only to learn that nothing can be resold for a profit?  If so, don't let that stop you from bidding at mini storage auctions.  To see the most profits, it is all about consistency.

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How Can I Make Money With Storage Auctions

Storage Auctions - How To Win and Make Money Today

Author: Charles Myers

What is a Mini Storage Auction for Quick Cash? A mini storage auction is one of the best kept secrets in today's marketplace for making vast amounts of money without spending much time or effort. Of course, it does take some knowhow, but it is an earning possibility that just about anybody can master in a short period of time. To be able to earn money from a mini storage auction, however, you first need to know what it is.

A mini storage auction begins at the storage unit facility. This is a place where people can keep their things while they don't have anywhere else to put them. The customers for these places are assigned a unit which is locked with a key, and they pay a monthly fee for the use of the space. However, when a customer fails to pay his or her bill for a long enough time, the potential for the mini storage auction begins.

The owner of the storage facility has upheld his or her end of the bargain by keeping the customer's unit safe and secure, but if the customer doesn't pay for a certain length of time, then the agreement (signed by the customer when the unit was rented) states that the customer will receive a warning that the bill must be paid by a certain date, or the contents will be sold to try to recover what is owed.

Should the customer still fail to pay, the mini storage auction is set to begin. The mini storage auction is a completely legal process and occurs only when the storage facility owner has followed certain clear regulations. For example, after the final warning, the customer has to be given at least two more weeks to come up with the money before a mini storage auction can take place.

Then, the mini storage auction is advertised so that people can decide to participate. On the day of the mini storage auction, it's a good idea to arrive early so that you can have the opportunity to have a good look at the contents before placing a bid. The contents are not sold individually, but are sold as a complete unit - if you buy one thing, you've bought it all.

The highest bidder at a storage auction then wins the contents of the unit in question, and once that amount has been paid, he or she must remove those contents within the following 24 to 48 hours. The contents could be just about anything, from items that are completely useless to anyone but the original owner, to some real treasures. It's important to know the difference between the two, and to know what to do with them once you've purchased them.

For that, make sure to download your copy of Mini Storage Auction Riches today, and start profiting from the next mini storage auction tomorrow.

Article Source: http://www.articlesbase.com/collecting-articles/storage-auctions-how-to-win-and-make-money-today-4214513.html

About the Author
Charles Myers is an online marketing expert that can show you the hottest money making products that make money and how to use them to profit like never before. Download his hot new money making manual right now and get the low down on how easy and fun it is to make extra money on your weekends. Grab your free copy at:

Mini Storage Auction Riches

Learn About Mini Storage Auctions and Bring in the Profits

People are only just starting to tap into the booming mini storage auction trend for the huge amounts of money that can be made from this largely untapped resource. It allows you to buy the entire contents of mini storage units and break them up to be sold individually at an enormous profit. These auctions occur when someone fails to pay his or her bill for several consecutive months. The mini storage unit's owner will be contacted to let him or her know that they have to choice to either pay their bill or their things will be sold at auction. When the bill is not paid, the mini storage business owner holds an auction to try to recoup some of the losses from the unpaid bills. It is a perfectly legal process and allows you the opportunity to get your hands on a lot of great stuff, without paying very much money.

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Of course, there are some important techniques that you'll need to learn in order to make sure that you're successful with your buying and selling. To start, this will mean that you'll need to know when and where these auctions are being held. Though they are quite common, they're not simply something that happens on a weekly schedule, so you will need to know whom to call to find out that information. You will also want to take the opportunity to look at the contents of the unit before the auction so that you can tell whether they are worth your while. Don't forget to ask whether there is a fee to participate in the auction.

Keep in mind that once the contents are yours, you'll need to be able to move and store them for your own purposes. Auctions usually require that you move the contents within 24 to 48 hours, so be sure that you can have a truck or van available to you, and that you'll know how much the gas will cost to move the items since you'll want to take all of your expenses into account before you start bidding. This is about making a profit, after all.

Here's to making Extra Money FUN again! 

P.S. Once you've acquired the contents you want to resell, the world is your oyster…that is, as long as you know what you're doing. Learn all of the tricks of the trade by downloading your copy of

Mini Storage Auction Riches today.

Making Money On Storage Auctions

 Use a Mini Storage Auction to Make Real Money

Heading out to a mini storage auction can not only be a lot of fun, but it can also offer you a tremendous opportunity to make fast money quickly and easily. The trick is to know what to look for in a mini storage auction, place the right bid, and then resell each of the pieces individually for a profit.

You could learn this through trial and error, testing many different techniques and trying out lots of different home-made mini storage auction strategies, or you could use one simple guidebook to tell you exactly what you need to know…but more about that later.

The foundation behind the profitability of the mini storage auction for many people is knowing that you can buy a full lot of items for a low price, and then sell off the pieces individually for a much higher price. The people running the mini storage auction are trying to recoup losses from customers who have not paid the bill for their unit for several months - or perhaps even longer.

Therefore, they're willing to sell everything at once for a low to moderate price. For the individual seeking a profit, a mini storage auction is a great chance to get your hands on many different re-sellable items at a price you just couldn't find anywhere else.

Once you have the contents from the mini storage auction, it's your turn to become the seller. You can turn around and sell the goods anywhere you can find a person who would be willing to buy. This gives you a large number of options. If you want to sit back at the comfort of your home computer and let the internet work for you, then you might choose an option such as eBay, turning your mini storage auction treasures into online auctions instead.

This works well if you have items that would ship easily. If you think that you could drum up a better crowd locally, or if you have larger items that wouldn't be easy to ship, then you might consider a garage sale or other local selling marketplace instead. To make the right decisions for buying and selling your mini storage auction finds, take the time to educate yourself properly and know what your choices are.

When you choose the right book, such as Mini Storage Auction Riches, then you'll be able to learn everything you need to know within a single evening, and begin your strategy to maximize your earning potential starting right now.

Robert Ratcliff is an online marketing expert that can show you the hottest money making products that make money and how to use them to profit like never before.

Download his hot new money making manual right now and get the low down on how easy and fun it is to make extra money on your weekends.

Grab your free copy at: Mini Storage Auction Riches

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