Money Helps

Money Is The Bottom Line

To make money with self-storage auctions, you must buy merchandise for sale at an auction and then resell it for a profit.  There is some risk involved.  Rarely do you get to see up close or inspect what you are bidding on.  With that said, there is always the possibility of making a profit.

As for how much money you can make with mini storage auctions, it depends on a number of different factors.  Start with how much you spend.  When reselling for a profit, you need to limit your business expenses.  This starts at the self-storage auction.  If you see a storage unit filled with antique furniture, it is a good buy.  You may have to bid high to walk away the winner, but never bid more than you need to.  The less money you spend, the more you will make after your expenses have been deducted.

It also depends on the merchandise you walk away with.  Why there is the potential to make money is because a wide range of items can be found in self-storage units.  As previously stated, it is common to find furniture stored in them.  When two households are consolidated into one, a storage unit is often rented.  You may get lucky and find an auction where the whole contents of a home are up for bid.  Toys, books, movies, and clothes can also be found.

In keeping with the merchandise you walk away with, you want to get items that you can profit from.  To make the most money, look for valuables.  These include antiques and jewelry.  Unfortunately, jewelry is usually packed away in boxes.  That is why you may want to look for written labels on boxes.  Furniture, which is easy to spot, is usually resellable.  Furniture and other similar items, like household appliances, clothes, and toys will always resell as they are in need, but they may not garner the highest profit.

Speaking of which, you can still “strike it rich,” with items that are small in size or low in value.  The trick is to purchase more items.  Say, you win a storage unit at a mini storage auction that contains five boxes of clothing, with 200 pieces total, and pay $25 for it.  At yard sales, clothing tends to sell at around $1 a piece.  Provided you get this much, you make $200 while only spending $25 in expenses.  So, even if you don’t walk away from a mini storage auction with valuable jewelry or antiques, you can still make money.

Speaking of valuable jewelry and antiques, you need to know what you have.  Never resell anything that looks valuable, older, or antique without first researching is value online.  An easy way to do so is to perform a completed listing search on eBay.com.  Say you find a box that contains a rare limited edition vase.  That vase may be valued at $500 or more.  But, if you don’t know its value, you may sell it for only $5 at a yard sale.

Unless you buy a storage unit at an auction that contains nothing more than family photographs and personal documents, which can happen but is rare, you should walk away making a profit.

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Make Money

Since you profit from mini storage auctions by reselling the merchandise you bid on at an auction, it is important to know what your options are.  As for what option is best for you, it will depend on the items you have available for sale and your own personal preferences.  To help you decide, please continue reading on, as a few of your storage unit auction reselling options are discussed below.

Make Money Reselling

Make Money With Yard Sales

Yard sales are an easy way to resell merchandise you purchased at a self-storage auction.  This is mostly due in part to convenience, as you are able to lay all of your items out for display at once.  Although you can profit from hosting a yard sale, know that many shoppers expect to find low prices.  It isn’t recommended that you sell valuable jewelry or antiques at a yard sale, but they are a great way to resell furniture, books, movies, clothes, home décor, and toys.

If you do decide to host a yard sale, be sure to advertise.  Place signs around your neighborhood.  List your yard sale online and take out a newspaper classified ad.  Be sure to include the date, time and location of your sale. Also, post a small summary of what you are selling to generate interest.

Yard sales are a great way to profit from the reselling of mini storage auction contents, but they aren’t right for everyone.  Do you live in a high trafficked area?  Do your local laws prevent you from hanging yard sale signs?  Do you not have enough space for a yard sale?

Make Money At Flea Markets

Flea markets are a nice alterative to yard sales.  If you don’t have the space to host your own sale, rent a table at the flea market.  Although the dealer fees may be a turn off, you are automatically paired with shoppers without having to pay for advertising.

To find the best luck with flea markets, choose those that receive the most shoppers.  Visit flea markets in your area to gauge the traffic coming in and out.  Flea markets where shoppers must pay a fee to enter are nice, as many do not want to leave without buying anything.

Although flea markets are a good way to resell items you bought at a mini storage auction, some do have rules and restrictions on what can be sold.

Make Money On eBay

eBay is another reselling option that you have.  What is nice about eBay is that it is a popular online marketplace; shoppers flock to the website on a daily basis.  This means that thousands of shoppers can see your auctions.

Since eBay is an online marketplace, it allows shoppers from across the country to view and buy your merchandise.  On that same note, these items must be shipped.  Unless you take a gamble and make certain items available for pickup only, not everything from a mini storage auction can be resold on eBay.  Large household appliances and furniture may be too difficult or costly to ship.

It is also important to note the fees eBay charges.  They can cut into your profits.  If you do decide to sell on eBay, track your sales and subtract your fees.  Make sure you are making money before you continue to use eBay.

Make Money On Craigslist.org

Craigslist, in addition to flea markets, is another great alternative to hosting a yard sale.  What you do is create free classified ads outlining the items that you have for sale.  When you place those listings under the heading for your closest city, local buyers will contact you when interested.  It is best if you create individual listings for your large items and always include pictures, then you too can begin to make money today!

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Mini Storage Auctions Do's and Don'ts

Mini Storage Auctions Survival Tips Below

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 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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• Learn About Mini Storage Auctions and Bring in the Profits (0)

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.

mini storage auction is quick money

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.

Mini Storage Auctions are Completely Legal

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.

Mini Storage Auctions are Quick

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.

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• Make Huge Mini Storage Auction Riches Using the Right Techniques (0)

Once you’ve learned about the various ways to make money from mini storage auctions and you’ve organized your strategy to make it workable for yourself, you will need to get in contact with the people who will be holding these auctions.  That way, you can find out when and where they’re being held, and whether there is a fee to take part.  You’ll also want to be sure that you’ve had the opportunity to have a good look at the contents before you start waving your money in the air.

Mini Storage Auction Contents

Look for items that you won’t struggle to resell.  If you’re just looking at a bunch of old photos, worthless magazines, dirty clothing, and other items that are in very rough condition, then it likely won’t be worth your while to try to bid.  Seek out contents that include several items that you can resell individually for more than what you’ll pay for all of them together.  The best scores usually include jewelry or antiques, but there are lots of other items that you can discover with great potential, as well.

Proper Mini Storage Auction Bid Price

Remember, never bid higher than what you realistically feel you could get by reselling the individual contents.  Also, you shouldn’t forget to include the cost of fuel to get there and to move the contents, as well as any fees you pay to resell the items.  This all has to cost less than what you make by reselling the items if you’re going to make a profit.

This may seem daunting at first, but it’s actually quite simple when you know the techniques that you should be using and keep yourself organized.  All of the answers you need can be found within the pages of Mini Storage Auction Riches, the ultimate guide to making big money on mini storage auctions.

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• What is a Mini Storage Auction for Quick Cash? (0)

mini storage auctions

Why do mini storage auctions occur?

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.

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.

Winning mini storage auctions, then what?

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.

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.

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• Mini Storage Auctions Dos and Don’ts (1)

Auction Riches

Traveling too far is the leading auction mistake.  It is said that the more storage unit auctions you attend, the better your chances are for making a profit.  Yes, this is true, but you shouldn’t have to travel two or more hours to attend these auctions, unless you know they will be large in size.  With the high cost of gasoline, you may find the best luck staying local.  The good news is that if you live in a large city, you may hear of a different mini storage auction taking place every weekend!

Arriving late.  If you seriously want to make money with mini storage auctions, arrive early.  At the very least, arrive ten minutes before the auction is scheduled to start.  Although you may not be able to inspect the items up for bid, you can still improve your chances of getting a sale.  You can scout out the competition.

Not asking questions.  Not asking questions is something that can hurt you.  As previously stated, only travel two hours or more to attend auctions that are large in size.  Unfortunately, you may not know without first asking.  Also, call ahead to verify that the auction has not been cancelled.  Ask what the accepted methods of payment are and how the bidding process works.  Are you bidding on sealed storage bins or whole storage bays?

Bidding too high on blind bids.  As previously stated, you may either bid on a sealed bin or a whole storage bay.  Many times, the units are opened, giving you a quick look inside.  When it comes to closed storage units or sealed bins, bid, but keep the risk in mind.  While most storage units are packed full, some may only hold one box in the corner.  This is particularly true if the renters had the chance to remove items before the auction.

Not bringing a flashlight.  If the storage units you are bidding on will be opened, you may be granted a quick peek inside.  This peek may only last 10 seconds.  So, bring a flashlight so that you can see.

Not knowing what to look for.  If you want to make money with mini storage auctions, it is important to know what you can profit from reselling.  You are always taking a gamble, but you can make that gamble less risky.  Furniture and household appliances are good items to resell and they are easy to spot.  Look for name brand products.  Look for boxes that are labeled with their destinations, like kitchen, bedroom, or living room.

Thinking you will get rich right away.  Since mini storage auctions do rely on a lot of luck, there is a possibility that you will make a profit with your first auction, but that doesn’t always happen.  Remember, the more items you buy, the better your chances of making a profit are.  If you lose money the first time around, know you can make a huge profit the next time.

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