With popular cable TV shows like Storage Wars and Auction Hunters bringing storage auctions into the limelight, more and more people are jumping into this business in hopes of striking it big. There’s a certain allure to bidding on units without knowing what exactly it contains, which is another reason why this industry continues to grow larger with each passing year. This week, we’re going to reveal some of the obvious and not-so-obvious benefits of storage auctions.
Potential To Strike It Rich
As with most ventures, there’s no guarantee that you’ll turn a profit when bidding on a self-storage unit. Whether it’s a large or small unit, however, there’s always a change that you’ll strike it rich. Even if there’s no valuable items in plain sight, they could still be hidden in the rubble. In fact, most people hide their valuable items to reduce the risk of theft. The bottom line is that you never know what’s inside a storage unit until you start digging, and the only way you can dig is if you win the auction.
Network With Others
Bidding on storage units will also give you the opportunity to network with other like-minded professionals and entrepreneurs. These relationships will prove invaluable in developing a long-lasting, successful business. If someone else wants an item in the unit you recently won, they may offer a premium price to purchase it. Or, they could offer to sell the item in their store for a fee. Be polite and friendly while attending storage auctions to ensure you don’t accidentally burn any bridges.
Let’s face it, storage auctions are fun. The entire experience is completely unique and unlike anything else. In fact, many people attend auctions strictly for recreations purposes, with no real monetary incentive to actively bid.
You’ll Get Plenty of Exercise
Since most self-storage facilities require winning bidders to clean out their units within 24-48 hours, you can rest assured knowing that you’ll get a good workout in this business. From hauling off large pieces of furniture, TVs, and gym equipment, to bagging up trash and sweeping out debris, cleaning a self-storage unit is a laborious task. Of course, the exercise you’ll receive in doing so will promote better health, which is something we can all use.