Are you thinking about making money with mini storage auctions? If so, you may be curious as to how the whole process works.
When looking to profit from mini storage auctions, you place a bid. As for what you are bidding on, it depends. You may bid on a sealed storage bin or a whole storage unit. Different companies host different types of auctions. To make a profit, you take the items you bought and resell them. Since you are essentially making a wholesale purchase and paying one fee for many items, there is the potential to make money.
One common question I’m asked is “how much money can I make?” It does depend on how much you spend at a mini storage auction. The less money you spend, the more you can make. It also depends on your resale methods, as some are more successful than others. Many use Craigslist.org, flea markets, and yard sales to sell locally. As for selling online, many use eBay.com. What you buy can also impact your profits, as some items are more valuable than others are.
Since what you buy at a mini storage auction will have an impact on your profits, you may be wondering what is available for sale. It depends. People use mini storage units for a wide range of purposes. Some use them when consolidating two homes into one. Others use them to store household items when they relocate to a smaller place. Storage units are also used to house items that people no longer need, but still want to hold onto, such as family heirlooms or financial documents.
Despite the possibility of a variance, depending on the storage unit in question, there are some items you are likely to find at a mini storage auction.
Furniture is nice because it is easy to spot during a storage auction. Unfortunately, you dont always get to see or inspect merchandise up for bid to see if the unit contains furniture. However, furniture can be seen from far away so you’ll usually know if it’s there. Look for furniture that is antique in nature, as it worth more. With that said, furniture is something that people need; therefore, it can be resold for a profit.
Home decor often makes it way to mini storage units. Some homeowners change their decor on a yearly basis, but may not want to part with their old pictures and paintings. Home decor can be antique or cheap, but it will always resell.
Home appliances, such as microwaves, dishwashers, blenders, and toasters (to name a few) can be found at mini storage auctions. Everyone needs these items in their homes. This means that they will resell, especially at a yard sale.
It is common to find kids clothes, books, and toys in a storage unit and at an auction. This is because these are items that kids outgrow. As for why they are saved, some parents just don’t want to part with these items. Many hold onto them just in case they decide to have another child. Yard sale and eBay are popular resell markets for kids toys, movies, books, and clothes.
The above mentioned items are just a few of the many that you may find at a mini storage auction. In fact, you can find just about anything ranging from antiques to jewelry to clothes to family photographs. The key is buying merchandise at a low price that you can resell for a profit.