Tuesday, July 30, 2013

Is the Storage Auction Business right for you?

I hear a lot of people say that the storage auction business is a big hoax and that no one makes money buying and selling storage units.  Well, that’s not necessarily a lie.  The storage auction business is one tough cookie.  It takes a lot of patients and hard word to make money in this business.  If you are asking yourself, “Is the auction business right for me?” this post is exactly what you need. 

Do you like working a lot of hours?

If so, then you might be on the right track already.  I see a lot of people getting into this business thinking that all they have to do is buy a unit and everything will magically sell.  That is not the case most of the time.  There are a lot of random items in units that are hard to sell if you don’t have the right outlets.  Clothes, for example, are a tough thing to sell unless they are items that are unique or in really great condition.  Do you know where to sell clothes at?  If the answer is no, then you might want to do research about where to sell items at before you even purchase a unit. 

Do you have money to lose?

If the answer is no, then you shouldn’t even attempt buying a unit.  There is a great chance that you can lose money on a unit, even if it looks promising in the beginning.  If you lose money on a unit you still have to have money to buy another one.  If you don’t have enough money to buy a couple units and expect nothing back right away then you should probably rethink getting into this business. 

Storage Auctions

Storage Auctions are a tough business with people who have a lot of money to throw around.  Do your research before getting into any kind of business where there is risk involved.  You don’t want to end up worse off than you started.  So get out there and do some research about what to expect from the storage auction business. 

Storage Battles

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