Storage Auction Business

Did You Know? Easy Ways to Increase Storage Auction Profits

Running a successful buy-sell storage auction business isn’t always easy. Sure, reality TV shows like Storage Wars make it seem simple enough, with entrepreneurs generating thousands of dollars in profit on a single auction. But once you begin bidding on storage units and attempting to resell the contents, you’ll soon realize this isn’t the case. The good news, however, is that there are ways to increase your profits, some of which we’re going to discuss today. Recycle Scrap Metal Another …

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Things You Should and Shouldn’t Buy at Yard Sales

Yard sales can offer a treasure trove of valuable items, many of which are hard to find, at a fraction of their original cost. But not everything sold at yard sales is worth buying. If you’re looking to turn a profit on your yard sale trips, you’ll need to know what to buy and what not to buy. Vinyl Records There’s been a growing demand for vinyl records is recent years, making this is a definite “buy” at yard sales. …

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5 Reasons to Participate in Storage Auctions

#1) You Can Work at Your Own Pace Participating in storage auctions will allow you to work at your own pace. If you have lots of free time one week, you can attend more storage auctions. But if you’re busy doing other stuff, you can postpone this activity until a later date. The ability to work at your own pace is just one of the many reasons why storage auctions have become a popular entrepreneurial venture in recent years. #2) …

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Storage Auctions: Tips to Protect Your Investment

Storage auctions offer a fun and lucrative way for entrepreneurs to earn money. Whether you’re looking to quit your day job and embark on a new career, or if you simply want to put some extra spending cash in your pockets, storage auctions can help. But you’ll need to follow some basic precautions to protect your investment when engaging in this type of business. Beware of Moisture Damage Moisture can ruin otherwise perfect, flawless items. Granted, not all types of …

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Storage Auctions: How to Get Started

So, you’re thinking about starting a buy-sell storage auction business? There’s no denying the fact that it’s a lucrative and rewarding venture with near-limitless earnings potential. Granted, some storage auctions contain nothing more than empty boxes and debris, but others contain highly valuable items like antique furniture, autographed sports memorabilia, precious metal, all-terrain vehicles and more. But if you’re looking to join the ranks of storage auction seekers, there are a few things you should know to get started on …

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Tips on Pricing Used Products for Resell

Winning a storage auction is only one step in running a successful business. Assuming your goal is to turn a profit, you’ll need to resell those used items. Unfortunately, many newcomers to the business of buying-selling property through storage auctions fall short during this step, placing them at a serious disadvantage when compared to seasoned storage auction hunters. So if you’re struggling to set the right prices on items, keep reading reading for some helpful tips and tricks. Don’t Price …

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How to Grow and Expand Your Storage Auction Business

Buying and reselling property acquired through storage auctions has become a popular venture, thanks largely to reality TV shows like Auction Hunters and Storage Wars. There’s a good reason for its growing popularity, however: winning a storage auction is like playing a lottery in the sense that you never know what exactly is inside. Sure, you can typically peek inside before bidding, but there’s a good chance that other items are buried deep within. But many newcomers experience difficulty growing …

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How to Profit from Storage Auctions

The business of buying and selling property acquired through storage auctions has become an increasingly popular venture, thanks largely in part to TV shows like Auction Hunters and Storage Wars. When a tenant of a self-storage unit fails to pay his or her rent, the facility has the legal authority to auction off the contents of the unit in an effort to recoup their lost revenue. The great thing about storage auctions is that you can often acquire some high-dollar …

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How to Keep Cool When Attending Storage Auctions During the Summer

June 20 marks the official start of the summer season. As the season transitions from spring to summer, you can expect warmer temperatures and shorter days. The scorching-hot temperatures associated with this time of year, however, can make outdoor activities like storage auctions uncomfortable. This doesn’t necessarily mean that you should postpone your storage auctions until fall, rather you should take some simple precautions to ensure you are cool and comfortable. Dangers of the Summer Heat Attending storage auctions during …

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Storage Auctions: How to Cover More Ground in Less Time

Time management skills are essential for running a successful buy-sell storage auction business. Conventional wisdom should lead you to believe that the sooner you clean out a unit, the sooner you can move on to the next auction. And when you’re able to participate in more auctions, you’ll reap the benefits of higher profits. It’s just that simple. But how exactly can you facilitate the process? Find Directions Beforehand It’s a good idea to find directions to the self-storage facility …

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Storage Auctions: 5 Signs of a Profitable Unit

From the moment the auctioneer cuts the lock at a storage auction, you’ll have just a few minutes to look inside and determine whether or not is worth bidding on. So, how do you know if a unit is “profitable?” Here are some tall-tale signs to look for. #1) Clean and Organized Conventional wisdom should lead you to believe that clean, well-organized storage units usually contain more valuables than dirty, unorganized units. If a tenant is storing valuable items inside …

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What to do with Cardboard Boxes

One of the great things about storage auctions is the simple fact that you never know what you’re going to find. Some storage units may contain a treasure trove of valuables, whereas others contain nothing more than cardboard boxes. Before you do tossing those boxes in the trash, however, you should consider using them for the following purposes. Cardboard boxes are ideal for a number of different applications, some of which we’re going to discuss in this blog post. Build …

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3 Ways to Find Storage Auctions

So, you’re thinking about venturing into the exciting and lucrative world of buying and selling items at storage auctions? It’s a fun endeavour that can yield some pretty sizable profits when done correctly. While not every storage unit you come across is going to contain valuables, some of them will — and those select few units may allow you to turn a notable profit. However, you’ll need to find the storage auctions first, which is something that we’re going to discuss …

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5 Things You Should Never do at a Storage Auction

Bring a Checkbook or Credit Card While there’s nothing necessarily wrong with bringing a checkbook and/or credit card to a storage auction, you’ll need to make sure you have cash on hand. Without cash, there’s a good chance that you won’t be able to pay for the unit, in which case it will be given to the next highest bidder. Most storage facilities only accept cash for auctions, so bring the green if you plan on bidding. Not Having Anywhere …

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5 Things I Wish I Knew About Storage Auctions

The world of buying and selling items from storage auctions has become increasingly popular in recent years, due largely in part to reality TV shows like Storage Wars. With this newfound popularity, however, has prompted many newcomers to enter the business. But if you’re thinking about taking a shot at storage auctions in an effort to turn a profit, there are a few things you should know. Not All Units are Valuable Wouldn’t it be great if each and every …

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Storage Auction Tips: How to Tell if Gold is Real

If you’ve been in the business of buying and reselling property from storage auctions for long enough, you’ll eventually encounter jewelry. Many tenants store their jewelry in these self-storage units, believing it’s safer and more secure than storing at their own house. If the tenant fails to pay his or her rent for the unit, however, the facility may auction off the contents in an effort to recoup their lost revenue. But just because a ring or necklace looks valuable …

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How to Prepare for an Upcoming Storage Auction

Whether you are looking to embark on a new career or just earn some cash on the side, storage auctions are the perfect choice. When a tenant fails to pay and/or abandons the unit, the storage facility has the legal authority to auction off his or her property. Attending these auctions can often yield valuable items like jewelry, collectible dolls, antique furniture, coin collections and more, all at a fraction of their original cost. But the secret to successfully turning …

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Storage Auctions: How to Deal with Competition

Storage auctions have become increasingly popular in the past few years, thanks in part to reality TV shows like Storage Wars and Auction Hunters. Granted, the format for auctioning off the contents of abandoned storage units has been around for quite some time. But it wasn’t until these TV shows were launched that the general public was able to see the process first hand. Now, men and women of all walks of like are eager to participate in storage auctions, …

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Is it Trash or Treasure? Identifying Valuables at Storage Auctions

If you’re in the business of buying and reselling the contents of auctioned storage units, you probably know by now that not every unit you come across is valuable. On the contrary, many contain nothing more than empty boxes and old appliances. But don’t assume that a unit isn’t valuable just because there are no high-dollar items in sight. Items that are often viewed as trash may actually be treasure… Batteries Whether it’s for a car, boat, motorcycle, etc., batteries …

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4 Ways to Tell if Storage Unit is Valuable

If you’ve been in the storage auction business for any significant length of time, you probably know by now that now every unit is worth bidding on. Some units will contain a treasure trove of valuable items that can easily be resold for a profit. Others, however, will contain little more than empty boxes and junk furniture. So, how do can you tell if a storage unit is valuable? Cleanliness The cleanliness (or lack thereof) of a storage unit is …

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Accounting and Finance Tips for Storage Auction Hunters

Newcomers to the buy-sell storage auction business often overlook the importance of keeping good financial records. It’s not until tax time rolls around when they realize just burdensome accounting can be. The good news, however, is that you can make the process a little easier by following some simple accounting and finance tips, which we’re going to discuss today. Keep Personal and Business Expenses Separate If you’re looking to earn revenue from the buying and selling of property at storage …

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Storage Auctions: How they Work

Thinking about entering the fun and exciting (and lucrative) world of storage auctions? If so, you’ll need to first familiarize yourself with the process of how it works. Only then will you be able to turn this idea into a functional business practice that generates revenue. The Basics Self-storage facilities typically “rent” their storage space to tenants, charging either a monthly or annual fee. If the tenant fails to pay, the facility will send him or her a notice. And …

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Did You Know? Items You Can Recycle for Cash

Not every storage unit that you come across at auction is going to be filled with high-end valuables. On the contrary, many will contain nothing more than boxes and old items. But before you toss those old items away, you should check to see if they can be recycled. Even if you are unable to sell them, you may be able to recycle them for a small profit. Computer Monitors and Televisions Granted, if a computer monitor or television works, …

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Why You’re Failing to Turn a Profit at Storage Auctions

So, you’ve finally made the decision to participate in storage auctions but are unable to turn a profit? Like all business ventures, there’s no guarantee of success in the buy-sell storage auction biz. Sometimes you’ll turn a profit, and other times you won’t. With that said, many beginners are guilty of making one or more of the following mistakes. Bidding Wars I’ve said it before and I’ll say it again: do not get into bidding wars with other bidders at …

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4 Tips to Boost Your Storage Auction Profits

Still struggling to turn a profit in the buy-sell storage auction business? Like most ventures, there’s no guarantee of success. Some people enter this business with the assumption that it’s easy money, only to realize that turning a profit from storage auctions requires actual work. But if you’re willing to invest the necessary time and energy, you can turn a decent profit. Just follow the tips listed below to get started on the right track. Attend Multiple Auctions Rather than …

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Tall-Tale Signs of a Profitable Storage Unit

Want to know the secret of running a successful buy-sell storage auction business? It’s being able to accurately valuate the contents of a unit. You’ll only have a couple of minutes after the auctioneer cuts the lock to peek inside and decide how much the unit is worth. So, how do you know when a unit is profitable and worth bidding on? Hard Plastic Containers One tall-tale sign of a profitable storage unit is the presence of hard plastic containers. …

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Questions and Answers About Storage Auctions

Do I Need Any Special Training to Participate in Storage Auctions? Nope! The only thing you need to participate in storage auctions is the will to succeed and a sound business plan. There’s no special education or training required — at least not that I’ve seen. How Much Money Can I Make? The great thing about storage auctions — well, one of the great things — is its near-limitless earnings potential. By participating in auctions, you can earn some extra …

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Dealing with Aggressive Bidders at Storage Auctions

If you’ve been in the buy-sell storage auction business for any significant length of time, you’re bound to come across some overly aggressive bidders. From the moment the auctioneer cuts the lock, they’ll bid high in an attempt to scare away the competition. And if someone else jumps in with their own bid, they will continue to raise their bids. When this occurs, it can be difficult to turn a profit, as the inflated bid prices often exceed the value …

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Wait Before Throwing Away These Items!

During your time participating in storage auctions, you are bound to come across some “junk” items. Not every storage unit contains valuables, with many containing nothing more than old furniture and empty boxes. But just because an item is old and obsolete doesn’t necessarily mean that it’s worthless. On the contrary, some items that are often viewed as a junk can be resold for a profit. Old Televisions With the advent of high-definition flat-screen TVs, the old cathode-ray TVs have …

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Why Storage Auctions are a Good Investment

Participating in storage auctions is a smart investment that will almost certainly pay off in the long run. Whether you’re looking to start a new career or just earn some extra cash on the side, it will help you achieve these goals and more. How Storage Auctions Work Storage auctions work on the principle of auctioning off the contents of abandoned, delinquent self-storage units. When you rent a storage unit, you typically sign a contract in which you agree to …

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How to Maximize Space in a Self-Storage Unit

Renting a self-storage unit is a great way to free up space inside (and outside) your home. If your space bedrooms and garage are filled with clutter, then perhaps a self-storage unit is the right answer. According to Wikipedia, there are more than 46,000 such facilities operating in the United States — a number that’s expected to grow even higher in the years to come. But if you’re thinking about a renting a storage unit, you need to know how …

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Storage Auction Bidding: Knowing When to Pass

Part of running a successful buy-sell storage auction business is knowing when to pass on a unit. Far too many newcomers assume that each and every storage unit is worth bidding. In reality, though, only some units contain valuables, and it’s important for newcomers and seasoned vets alike to have enough self-control to stop bidding on these units. So, how do you know when it’s time to pass on a unit? You Don’t See Any Valuable Items When the auctioneer …

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Storage Auctions: Big vs Small Storage Units?

Self-storage units come in all different sizes, ranging from just 5′ x 5′ to 10′ x 25′ (sometimes even larger). When attending an auction, it’s important that you pay close attention to the size of the unit, as this will play a key role in your success. So, should you big higher on large storage units as opposed to the smaller ones? Generally speaking, larger units tend to hold more valuables. While there are always exceptions to this rule, you’ll …

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When is the Best Time of Year for Storage Auctions?

There are dozens of different factors that will affect your level of success in the buy-sell storage auction business, one of which is the time of year. After being in this business for long enough, you’ll notice that some times are better than others. So, which times are “ideal” for attending storage auctions? The Holidays Arguably, one of the best times of the year for storage auctions (from a buyer’s perspective) is the holidays. From November through December, you’ll find …

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Things to Know Before Attending a Storage Auction

Where is the Self-Storage Facility Located? I know this probably sounds like common sense, but it’s still worth mentioning that you should identify the address of a self-storage facility. Blindly driving to where you “think” the auction will be held is a recipe for disaster. So, find the street address of the facility and use Google Maps or your preferred GPS/navigation service to find turn-by-turn directions. If the facility is a long ways away, you may want to choose other, …

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I’ve Won a Storage Auction. What Next?

Congratulations on winning your first storage auction! It’s a fun and rewarding experience that lays the groundwork for a successful venture. Tens of thousands of people from across the country earn money from buying and reselling the contents of storage auctions, so why not take your piece of the pie. Assuming this is your first auction, however, you may feel lost or confused regarding what comes next. Pay the Front Office Once the auctioneer has declared you as the winning …

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Ways to Increase Your Chances of ‘Finding the Big One’

If you’ve been in the storage auction business long enough, you probably know that not all units contain items of value. In fact, many self-storage units that you’ll come across contain little more than junk. They may have old cardboard boxes piled to the ceiling, but the vast majority of these boxes are either empty or contain nothing of value. Sound like a familiar scenario? You should try the following techniques to increase your chances of scoring big in the …

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Storage Auctions: Time is Money

When it comes to running a successful buy-sell storage auction business, time is money. The sooner you clear out a unit, the sooner you can move on to the next unit. Unfortunately, many newcomers to this industry drag their feet, assuming they have all the time in the day. As a result, they are restricting to participating in just a few auctions, limiting their profits. This is why it’s critical that storage auction hunters work fast so they can move …

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Storage Auction Tips for the Fall and Winter Seasons

The fall season officially began on September 23, which means the temperatures will continue to drop as we approach the even colder winter months. If you plan on attending a storage auction (or several) during this time, there are a few things you should know. You’ll Be Outside I know this probably sounds like common sense, but it’s still worth mentioning that you’ll be spending the majority of your time outdoors when attending storage auctions. During the spring and summer, …

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What is a Cleaning Deposit?

While each and every self-storage facility is different, it’s not uncommon for the winning bidder of an auction to pay a “cleaning deposit.” First-time auction seekers may assume this is some type of scam, at which point they pack up their belongings and leave the facility. However, cleaning deposits are relatively common in the storage auction industry, and it’s important for bidders to understand what they are and how they are used. The winning bidder of a storage auction is …

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Insider Tips on How to Succeed at Storage Auctions

So you want to enter the rewarding (and lucrative) field of storage auctions? It’s an undeniably fun and exciting venture that can yield big bucks when done right. To get you started on the right foot, we have some insider tips listed below. Arrive Early Why should you arrive early at a storage auction? Well, doing so will give you extra time to scope out the facility, as well as talk with the auctioneer and manager. Most facilities won’t allow …

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Storage Auction Laws: What You Should Know

Thinking about taking a shot at the buy-sell storage auction business? There’s no denying the fact that this is a lucrative industry with plenty of money to be made. Granted, not all storage units will contain valuables, but it only takes one unit for a sizable payday. It’s not uncommon for bidders to come across items like antique furniture, autographed memorabilia, cash, collectibles, and other items that can be easily turned for a profit. But before you embark on this …

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4 Reasons to Participate in Storage Auctions

Minimal Upfront Investment Launching your own buy-sell storage auction business requires a very minimal upfront investment. The only real costs are a truck or van (assuming you don’t already have one), a business license (usually costs about $20-$30 bucks), and any tools you want to use. This is in stark contrast to starting a retail business, which often costs tens of thousands of dollars just to get started. So if you’re looking for an exciting new venture that’s not going …

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Can I Really Earn a Living with Storage Auctions?

This is a question many people ask. If you’ve ever watched an episode of Storage Hunters or Storage Wars, you’ve probably seen some of the characters walking away with high-dollar storage units with a minimal investment. But not everything you see on TV is real, leaving many people to question whether or not you can really earn a living from the buy-sell storage auction business. The short answer to this question is YES, you can earn a living by bidding …

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Dealing with Competition at Storage Auctions

Here’s a scenario to consider: you locate a storage auction in your area and arrive at the time of the auction, only to discover that it’s packed full with more than a dozen other bidders. Conventional wisdom should lead you to believe that more competition equals less profit. When there’s more people bidding on abandoned units, the sale price goes up; thus, lowering your return on investment (ROI). However, this doesn’t necessarily mean that you get back in your car …

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Be on The Lookout for these High-Dollar Used Items!

When attending storage auctions, it’s important for bidders to always be on the lookout for valuable items. Normally, when an item is used — the case for most items found at storage auctions — it depreciates in value, meaning it’s no longer worth its original selling price. However, there are some items that hold their value more so than others, and these are items that you’ll want to keep a close eye for. Weights and Gym Equipment People are always …

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How to Boost Your Storage Auction Profits

Thinking about entering the buy-sell storage auction business? Self-storage facilities have auctioned off the property of non-paying tenants for decades in an effort to recoup some of their lost revenue. When a tenant doesn’t pay, the facility must wait X amount of days before it can legally auction off tenant’s property. Once this time frame has passed, an auction is held in which the highest bidder agrees to purchase the property. Like all businesses, though, there’s no guarantee of success …

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Storage Auctions: Tips for Success

The buying and selling of property acquired through storage auctions has become a hot business as of late. This is due largely in part to shows like Storage Hunters, presenting the industry to millions of people who previously had no idea this type of business existed. But with this popularity comes competition, making it a little more difficult for serious buyers to succeed. If you’re struggling to turn a profit in the buy-sell storage auction business, we have some tips …

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Tip: Polish Up Your Goods Before Reselling Them

The secret to running  successful buy-sell storage auction business is to fetch as much money for your goods as possible. This should come as little-to-no surprise to seasoned storage auction hunters, most of whom are well aware of the importance of pricing. You want to obtain abandoned self-storage units for the lowest price possible, while turning around and selling its contents for the highest possible price. So, how can you fetch top dollar for your goods? Rather than trying to …

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Wait…. That Junk Might Be Worth Something

Tired of winning storage units at auction only to discover they contain nothing more than old electronics, worn-down boxes and other items of little-to-no value? There’s no guarantee that each and every unit will be profitable. If there was, you would probably see more people entering this business. However, what you “think” is junk might actually be worth something, so use caution when throwing away items acquired through storage auctions. Scrap Metal It’s not uncommon for auction hunters to come …

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Storage Auctions: Insider Secrets You Should Know

Storage Auctions Must Be Publicly Announced Most states and jurisdictions have laws requiring self-storage facilities to publicly announce upcoming auctions. This can typically be done by placing a small ad in the local newspaper, or by creating an announcement online. If you’re thinking about embarking on a buy-sell storage auction venture, you should use this to your advantage by seeking upcoming auctions in your area. Knowing where to look for these announcements will give you the upper-hand on your competitors, …

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Choosing The Right Date To Attend a Storage Auction

Don’t underestimate the importance of choosing the right date when attending a storage auction. If you live in a densely populated suburban area, auctions will likely be held on every day of the week, opened up more opportunities to expand and grow your business. But just because you can attend a storage auction doesn’t necessarily mean that you should. So, how do you know which day of the week to attend a storage auction? Once you’ve acquired some experience in …

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Valuating Your Newly Acquired Items

Bidding and winning a storage auction is just one step in the process of running a successful buy-sell business. Once you’ve cleared out the contents of the unit, you’ll need to try to and sell them. Unfortunately, this is where many entrepreneurs mess up. They either mark up the prices too high, or too low, both of which are equally as bad. So, how do you know what price to set for your newly acquired items? Depreciation of Electronics Most …

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Wait Before You Trash Those Unwanted Items!

The majority of the stuff you’ll come across in the buy-sell storage auction business has little-to-no resale value. Sure, you’ll find some valuable items in just about every self-storage unit, but a lot of the stuff is junk. Unless you’re a pack rat, you’ll probably throw it away in the trash without thinking twice. As the saying goes though, what’s one man’s trash is another man’s treasure, holds true in this instance. Let me first start off by saying that …

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Should I Open a Retail Store For My Business?

If you’re in the business of buying and selling the contents of abandoned storage auctions, you might be wondering whether or not it’s beneficial to open your own brick-and-mortar retail store. Having a store will provide you with a convenient location from which to sell your recently acquired products. At the same time, however, it’s also an extra expense, and some people may not have the extra cash to afford it. To better answer this question, we’re going to take …

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Bidding Tips For Storage Auctions

Bidding is arguably the most influential element in determining the success of a buy-sell storage auction business. If you overbid on units that contain few-to-no valuables, you won’t be able to sustain a profitable business. On the other hand, however, bidding the “right” amount on valuable units can yield huge returns, which is exactly what you want to achieve on each and every auction. So, how do you know what to bid at a storage unit auction? Unfortunately, there’s no …

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5 Tips For Operating a Successful Jewelry Store

Running your own jewelry store is a fun and rewarding experience that give you the opportunity to help customers find the perfect piece of jewelry. Whether it’s an engagement ring, wedding band, pair of diamond earrings or just a basic chain-link necklace, people are always eager to purchase flashy new pieces of jewelry. But with so many other stores already in business, how do you make yours stand out from the rest? If you are interested in the self-rewarding world …

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How To Dispose of an Old Refrigerator

After being in the storage auction business for any serious length of time, you’re bound to come across an old refrigerator. Perhaps the refrigerator is placed in the center of the unit where you and other bidders can easily see it, or maybe it’s buried beneath a pile of rubble. Regardless, as the winning bidder it’s your responsibility to properly dispose of it. And failure to do so could result in your name being blacklisted from future auctions, which can …

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5 Tips To Cleaning Out a Self-Storage Unit

After winning your first storage auction, you’ll need to invest some of your time and energy into cleaning it out. Most self-storage facilities require winning bidders to remove all of the unit’s contents — whether it’s valuable or not — within 24-48 hours (see the facility’s rules for more information). Failure to do so could result in your name being blacklisted, which means you can not participate in future auctions. But cleaning out a self-storage unit doesn’t have to be …

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Storage Auctions: How To Get Started as a Buyer

Whether you’re looking to start a full-time business, or if you just want to earn some extra cash on the side, the storage auction business is a fun and financially rewarding venture that won’t disappoint. You can set your own hours, attend the auctions that YOU want to attend, and discover treasure troves of hidden valuables. But how do you get started in this business? Scout Out Self-Storage Facilities First and foremost, you’ll need to scout out self-storage facilities in …

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Retail Hiring Mistakes To Avoid

A team of dedicated and skilled employees is necessary to run any retail store or business. Whether you plan to purchase a preexisting store or launch one from the ground up, you need to carefully choose the right workers in order for it to succeed. The additional time and energy it takes to analyze each and every candidate will pay off with a more efficiently run business. Keep reading for a breakdown of the most common retail hiring mistakes. Lack …

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Did You Know? Storage Auction Tricks of The Trade

Arrive Early Whether this is your first storage auction or your hundredth, you should make it a point to arrive early. If the auction is scheduled to begin at 11:00 AM, for instance, arrive no later than 10:45 AM. This will give you plenty of time to complete any necessary paperwork (usually required for first-time bidders), and you can get a feel for the storage units and other bidders. The bottom line is that you should arrive early to all …

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Storage Auction Myths and Misconceptions

Every Unit Is Valuable If this were the case, you’d see a lot more people bidding on storage units. The fact is that some units contain valuables, and others don’t. It’s up to you to determine whether or not a unit is valuable, and if so, how much to bid. Performing a visual valuation on a unit isn’t an easy task, but you’ll eventually learn which items to look for. You can check out some of our previous blog posts …

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Ways To Save Money When Opening a Retail Storefront

Opening a retail store can be a fun and financially rewarding experience that gives you the opportunity to build lasting customer relationships. Whether you intend to sell apparel, groceries, convenience items, sporting goods or practically anything else, though, the initial startup costs can burn through your available capital rather quickly. The good news is that you can a huge chunk of money by taking a few precautionary measures. Shop Around For a Location One of the biggest mistakes entrepreneurs make …

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5 Tips For Choosing The Right Location For Your Retail Business

One of the most critical steps in launching a retail business is choosing a location. The wrong location will negate all of your hard work by discouraging customers, but the right location will help you move product more easily and in less time. Whether your store sells apparel, jewelry, groceries, sporting goods, pet supplies, convenience items, or any other consumer product, you need to carefully choose the best possible location. Keep reading to learn 5 important tips on how to …

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Assessing The Value of a Self-Storage Unit

Ask any seasoned storage unit hunter and they’ll agree: one of the elements of success is knowing how to accurately asses the value of a self-storage unit during the initial bidding stage. Blindly tossing out blinds without a clear indication of its value will run your wallet dry. Granted, you may still score some lucky units here and there, but blindly bidding without proper value assessment isn’t a formula for long-term success. Bid Only on What You Can See Rather …

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Bring Customers Back To Your Store With a Loyalty Program

Hundreds of the nation’s largest retailers used loyalty programs to encourage customers to return back to their stores. Whether it’s groceries, electronics, sporting equipment, pet goods, apparel or practically any other industry, loyalty programs offer a simple yet effective way for store owners to entice shoppers to return. Tracking System There are several different ways to approach a loyalty program with your retail store, but the single most important element necessary is a tracking system. This isn’t an actual store …

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Storage Auction Bidding Strategies: What You Should Know

Bidding is a critical element in determining the success of a storage auction business. You must know know when, how, and what to bid in order to succeed in this highly competitive business. Calling out a dollar amount higher than the previous bidder is a recipe for failure. It may work on occasion, but nine out of ten times this tactic will drain your wallet without giving you anything to show for it. Don’t Let Your Emotions Cloud Cloud Your …

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5 Signs of a Treasure-Filled Storage Unit

In a perfect world, each and every storage auction would contain a trove of valuables that you can sell for a profit. If you’ve been in this business for any significant length of time, however, you probably know this isn’t the case. Some of them are filled with cash, high-end electronics, sports/entertainment memorabilia and other expensive goodies, while others contain few, if any, items worth reselling. So, how do you know which storage auctions to bid on? #1) Organization Ask …

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Estate Sale Success

A Weekend Schedule of Sales Estate Sales, Garage Sales, Flea Markets and Junk Stores are a weekend ritual for me. I figure out my Itinerary for a Saturday Journey by putting into my agenda the address, time and special sale items as advertised for each type of sale. I load up on my quarters and one-dollar bills and drive the planned route. Some of the sales are loaded with shopper’s spending money like they have been lost in a gold …

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Fabric Found

Fabric Found   I have been a life long seamstress. My mother is an incredible designer/seamstress who dressed her 3 daughters in clothing with so much style, that we would have to “Model” our outfits everywhere we went.   My Aunt took sewing to an Exquisite Art Form creating clothing with amazing detail and perfection. My Grandmother made quilts and blankets and pillows and pajamas that were done with so much love, that I have kept them all of these …

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Swip Swap – A Facebook Adventure Part 2

Swip Swap: A Facebook Adventure Part 2 Hometown Love At the moment, I belong to 30 different Swip Swap Groups …  all based in my little town!! Most of the Swip Swap sites I belong to are developed by folks who live in MY town and they are just for folks who live in MY town. When you post an item for sale, you will probably sell it to someone you know or a neighbor or friends from the grocery …

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storage-unit-auctions

Storage Unit Auction Tips: Telling Junk from Treasure

In 2010, NPR did a story called “Needle in a Crapstack” that was part of a series titled This American Life. The story details how storage unit auctions work and follows a group of storage unit auction “veterans” in Northern California. The speaker informs listeners that there are over 2.35 billion square-feet of self storage units across the United States and puts this number in perspective by stating that every man, woman, and child in the U.S. could collectively stand …

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My Own Little Shop: Bachman’s Antiques and Used Furniture

When I was little, I always wanted to own a store.  We would play “Store” in the garage and have the neighborhood kids come over and “buy” all of our “wares.”  They would use monopoly money for their purchases and we would give them rocks for change.  We had paper bags and aprons and a big feather duster that we used to keep our shelves all spiffy. Then the next-door kid, Donny, would come over and, in a rude voice, ask for …

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Is a Hippopotamus Really a Hippopotamus, or a Really Cool Opotamus?

That’s right, everybody, it’s Trivia Tuesday. Get those synapses firing and press your luck for the chance to win one of our highly coveted Storage Unit Auction List coffee mugs. The temp outside is just going to keep dropping wherever you are out there, so let us know what you think the answer is and get yourself the proper coffee-and/or-hot-chocolate-carrying device. Hold the phone—there’s more to today’s riddle than the query above. First, some suspenseful buildup. The rapid expansion of …

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Searching For Serious Auction Hunters

Storage Unit Auction List is always looking for serious auction hunters to be featured right here on the blog! We want to hear about your best and worst unit, from the wonderful wins to the wacky and tacky finds that you weren’t sure what to do with. We want to know what some of your bid strategies are and what your real world experiences have been attending storage auctions! We also want to know how long you’ve been in the …

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5 Tips for Inspecting a Unit

In Monday’s blog, we answered the question, is all fair in love, war, and storage unit auction? The answer is, for the most part, yes. Part of any good storage auction is a healthy bidding approach and trying to get the competitive edge over the other guy. The one exception to the rule and one way that storage unit auctions should never be unfair, is in the security of the storage unit prior to the auction. This is important both …

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Benefits of Online Storage Auctions

Online Storage Auctions are quickly becoming an industry standard. When you begin to look at the benefits, it isn’t hard to see why many facilities have started to hold their storage auctions online and why many people have become interested in “attending” storage auctions online as well. So what is an online auction and what are the benefits? Online Storage Auctions Online Storage Auctions are exactly what they sound like. Storage facilities all over the country are picking up on …

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Find Cash in Unexpected Places

As a storage auction hunter, you spend most of your time visiting the ATM closest the the self storage facility to grab cash before the storage unit auction. You need cash to bid on the storage unit, and you need enough money to cover any additional fees. Deposit Fees Fees will normally include a cleaning deposit fee, to ensure that you completely clean out the unit that you’ve won, within the 24-48 hour window of time, as determined by the …

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Why Self Storage is On the Rise

While some feel that the bubble on storage auctions is already beginning to burst, the best is yet to come! According to an interview published in the Wall Street Journal earlier in the year, in terms of  real estate value, self storage facilities are now the biggest-ticket properties in commercial real estate—at least by one measure closely tracked by investors. Acadia Realty Trust, a real-estate investment trust, earlier in the year sold 14 self-storage properties scattered across the New York …

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3 Tips For Holding a Successful Fall Sale

Many of the items that you obtain by winning a storage unit auction can be sold individually online, to consignment stores or collectors. But what do you do with the items that you are unable to sell. As a professional storage auction hunter, you can’t afford to keep every item that you amass, always looking for the best possible buyer and the largest amount of money. You would soon be overwhelmed with the amount of items that you have and …

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5 Tips For Using Pinterest to Boost Your Resale Business

Pinterest is a magical place of inspiration. You can build your dream home, window shop the world over, plan out your next DIY Project, or Plan the Perfect Wedding. It is very easy to get sucked up into all the images and you can spend hours pinning the day away without even realizing it. Seriously, once, I started searching for storage auctions, and somehow ended up spending hours looking at unique homes, you know, ones that are built to look …

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3 Tips For Riding the Storage Auction Hunting Ferris Wheel to the Top

This time of year is synonymous with a few things; the leaves changing and falling, the smell of fall is in the air and the days get shorter, Halloween is just around the corner, Starbucks offers their limited edition Pumpkin Spice Latte, and Fall Carnivals start popping up around the country.  Carnivals have always held a certain thrill. The cotton candy and all the friend food, the neon lights, the music, the rides, and all those games and stuffed animals are …

Read More3 Tips For Riding the Storage Auction Hunting Ferris Wheel to the Top

The Science Behind Silver and Gold

It is a tale as old as storage auctions themselves. You’ve won a storage unit and much to your excitement, it is full of jewelry.  There is a little of this and a little of that and nothing is organized. How do you begin sorting all of it and determining what’s real and what isn’t? This step by step guide provides you with the information you need to determine the authenticity of your jewelry items as well as how to …

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Cash In On Your Creativity

As a small business owner and storage auction hunter, you wear many hats. You work in inventory sourcing each time you attend a storage unit auction. You work in sales each time you take that merchandise and resell it. You work in accounting and record management with every receipt that you receive and file. You work in the manual labor field each time you load and unload the contents inside a storage unit. You work as a professional organizer each …

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How to Prepare Your Storage Auction Hunting Business for the Change of Seasons

How Weather Changes Affect Your Storage Auction Resale Business Fall is officially in the air. The days are getting shorter and cooler, and the leaves are starting to change. With that in mind, it’s time to start preparing yourself and your storage auction hunting and resale business for this time of the year. Below, we’ve included information on how to prepare yourself for the shift in seasons.  To begin with, you many find that the inclement weather changes the game …

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Bright Ideas To Being A Successful Storage Auction Hunter

Focus on The Basics of Storage Auction Hunting As a new storage auction buyer, there are three key components to implement to make your business successful for the long haul. Attending storage auctions and getting lucky once or twice can be a great jump start to your new inventory sourcing business, but without focusing on making connections and sales, staying organized, and quickly finding auctions your success could be short lived. Knowledge is Power As a new buyer, you may …

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Easy As ABC’s…Part 4

Today, we’re wrapping up Back to School With SUAL. You can use all the phrases and information to kick start your Storage Unit Auction Resale Business today! rban: As a rule of thumb, auctions in urban areas are usually more profitable than auctions in rural areas. Urban areas tend to have more wealth, and more people who own the wealth. Don’t count out rural auctions completely, however! There could be treasure hiding behind every door…part of your success comes from research, …

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Easy as ABC…Part 2

This week we’re taking you Back to School With SUAL! Join us as we work our way through some of the most used storage auction phrases, bidding techniques, tools, and more! ambler-A Gambler is a term used in the auction industry for bidders who bid on mystery units, where most of the contents are unknown. Often Gambler bid higher than they should based on what they can see, therefore taking a gamble on a hunch or a feeling. ome Goods-Home …

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As Easy as ABC…

In the spirit of going Back To School With SUAL, this week, we’ll be covering information for beginning auction hunters, working our way through the alphabet each day! uctioneer-The auctioneer acts as the master of ceremonies for the auction. The auctioneer is often responsible for registering attendees, hosting the auction, enforcing the rules of the auction, driving up the bid, and keeping the crowd entertained and engaged with their auction chant. Many auctioneers are required to be certified, and often …

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Keeping the Competition Close…

Keep Your Friends Close and Your Enemies Closer! This week we talked about ways to improve your resale business network! In the end, it turns out that the competition can be a huge asset and a great way to build contacts and make sales. They aren’t enemies after all! This week’s webinar, which we recorded on Wednesday August 7th, we provide you with 15 Networking Tips for your business! Check out the video now to get this week’s webinar coupon …

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3 Summer Networking Tips

Networking Barbeque and/or Pool Party! What’s better on a hot day than jumping into the pool for a dip or enjoying a hot dog fresh off the grill? Almost nothing. As you build your storage auction resale business network, it will be important for you to get to know the other buyers and sellers at storage auctions that you regularly attend. People like to sell to and from people that they like. You can use these contacts to build a …

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Public Storage Founder and Self Storage Billionaire Issues IPO for American Homes 4 Rent REIT

B. Wayne Hughes,billionaire who founded self-storage real estate investment trust (REIT) Public Storage Inc., led his newest venture, American Homes 4 Rent, into an initial public offering on Wednesday, selling 44.1 million shares and raising $705.9 million. The Hughes-led REIT is the second largest company in the United States homes-for-rent marketing, with nearly 18,000 properties. American Homes 4 Rent owns properties in 41 markets covering 21 states. Hughes’ experience with Public Storage should make this publicly traded REIT attractive to …

Read MorePublic Storage Founder and Self Storage Billionaire Issues IPO for American Homes 4 Rent REIT

Ebay Radio Welcomes Storage Unit Auction List!

Listen up and catch StorageUnitAuctionList.com COO, “Paul Hedgecock” on this week’s ebay radio show! If your new to storage auctions, Paul will discuss, “Profiting from storage unit auctions” and answer some insightful storage auction questions from the hosts of the show. Click here to access the recorded segment and learn more about storage auction hunting! : http://www.voicemarketingradio.com/vmr/content/ebay-radio-show-519-segment-5   StorageUnitActionList.com, a member of the Self Storage Association, provides our customers with a comprehensive auction list in multiple auction formats for all 50 states …

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3 Tips For Successfully Getting Started!

I often hear people complain about the reality of reality television. And I can understand the frustration to a degree. But it’s important to remember that these shows, while informative and interesting, are for entertainment purposes! And yes, they always show the units that are full of treasure, but what you don’t see are the countless units that they buy that contain nothing but trash. The shows wouldn’t be very watchable if they highlighted those units constantly. The shows also …

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North Carolina Is Safe and Sane Firework State!

The older you get, the more certain holidays tend to lose the magic that they once held when you were a child. They are still wonderful and special, but they just lack that certain enchantment they did when you were a kid. SPOILER ALERT: There is no Santa Clause! As an adult, I’m  pretty relieved that there is no stranger breaking and entering into my home once a year via the chimney, but there were some growing pains when I first found …

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How Donating Can Help Your Bottom Line

For years, I have gone through the motions of cleaning out my closet every two times a year or so. It’s always an undertaking that I dread, but always feel better about after the fact. Whether I was tossing Christmas gifts from well-intentioned but off the mark relatives that I didn’t have the heart to return, items that no longer fit, things I had forgotten I owned, or simply items that were no longer my style, I painstakingly maul over …

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DIY Advertising Online For Your Business!

As an entrepreneur, marketing yourself is a contributing factor to your success, and can actually make or break your business. From commercials to radio, television, and print advertisements have long been marketing staples to get the word out. To create quality marketing campaigns, many people have hired advertising firms for help to develop their brand and message, and to target that message to the demographic that they are helping to sell to. However, it is now easier than ever to …

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Ebay Store Tools That Will Help Improve Your Resale Business!

If you’re new to the world of storage unit auctions, you might be overwhelmed with your reselling options and the best way to get your items resold and to begin making money, which is the point, right? One of the easiest, and most cost effective ways to begin your business, is by creating an eBay account. It’s a tested, tried and true method for recouping the amount of money that you’ve spent on the unit, and a means of making additional money …

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Restoring Barbie To Her Former Glory Part 2 (A How To Guide To Barbie Doll Restoration)

We discussed how to properly comb and shampoo Barbie’s hair to restore her locks to their previous glory. In this section, we’ll discuss how to properly remove Barbie’s limbs to replace pieces if necessary, how to wash Barbie’s clothes, and how to properly wash her up without causing any damage. Don’t Lose Your Head! (But Barbie May Have To…) If Barbie is missing limbs, it may be necessary to use some of your other dolls to find suitable limb replacements. …

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Restoring Barbie To Her Former Glory Part 1 (A How To Guide To Barbie Doll Restoration)

What little girl doesn’t simultaneously love and cherish her Barbie dolls while at the same time abusing them? Barbie is one of the most beloved childhood icons of all time, but boy does she get put through the wringer. Whether it’s intentionally, i.e. when your big brother chops off all of Barbie’s hair just to watch your cry; or unintentionally, through sheer wear and tear, i.e. you play with your dolls so much that they get dirty, their hair becomes …

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Sell Designer Clothing Won at Auction: 5 Sites You May Not Have Heard Of!

Storage units and clothing go together like peanut butter and jelly, like bacon and eggs, like two peas in a pod. You get the point. And clearly, the knowledge that somebody’s hungry. Have you ever won a unit that didn’t contain at least one box of clothes? Probably not. Clothing is commonly stored in storage lockers. Whether the original owner was seasonally storing clothing, or if they just ran out of room in their dresser for their entire collection, lockers are regularly …

Read MoreSell Designer Clothing Won at Auction: 5 Sites You May Not Have Heard Of!

Decoding Auctioneer Chants: It’s All in the Filler!

Can you imagine attending an auction without an auctioneer? Aside from being rather chaotic, it also wouldn’t be nearly as much fun or remotely exciting. Aside from an auctioneers primary function of organizing bids, they serve as the face of the auction in a way and create a unique and memorable bidding experience. With their chanting and ability to generate enthusiasm on each unit, they make the proceedings entertaining. As a wet behind the ears auction attendee, it can be …

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The Complete Guide To Refurbishing Found Furniture: Part 2

Safety First Kids First thing’s first. Refurbishing dilapidated furniture to sell it for a profit can actually be enjoyable! But you know what’s not fun? Splinters, vapor fumes, chemical burns, and cuts/scrapes. Ain’t Nobody Got Time For That. While the process can be fun, safety is no laughing matter, so keep these tips in mind before you get started. Safety goggles are your friend. Wear them when you’re working with power tools and to help protect your eyes from fumes. …

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The Complete Guide To Refurbishing Found Furniture: Part 1

One Man’s Trash… It is no secret that storage lockers are often full of old furniture. Occasionally the furniture is rare or an antique (or both) and can be sold on its own to make a healthy profit.   More often than not, the furniture that you find in your units will be inexpensive, run of the mill pieces. These pieces may serve as your bread and butter, but they lack the “wow” factor. You may even find yourself regularly …

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