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 cash on the side, or you can make it a full-time job. The more time and energy that you are willing to invest into this business, the more money you’ll earn. It’s just that simple. Keep in mind, however, that you’ll need to find a buyer for any items you acquire through auction.
Why Don’t Storage Facilities Sell the Items Instead of Auctioning Them Off?
This is a question that many newcomers to the buy-sell storage auction business ask. After all, wouldn’t the storage facilities generate more revenue if they sold the items individually instead of holding a blind auction? Well, the general consensus is that storage facilities prefer blind auctions because it bypasses certain liabilities associated with handling the contents of abandoned units.
What Can I Find in Storage Units?
Because no two storage units are ever the same, each auction has the potentially to yield some surprising (and lucrative) finds. In addition to vintage/antique furniture, you may also find musical instruments, DJ equipment, home entertainment systems, autographed memorabilia, motorcycle equipment, power tools and more. If it can fit inside a storage unit, chances are you can find it through acquire it through auction. Just remember that not all storage units will contain valuables, as some may contain nothing more than empty boxes.
How do I Find Storage Auctions?
Now for the million-dollar question: how do I find storage auctions in or around my area? One option is to pull out the phone book and start calling the different self-storage facilities, asking when and where their auctions take place. Although tedious, this can definitely yield some storage auctions. A more sensible technique, however, is to sign up for a list of storage auctions here at StorageAuctionList.com. Doing so will provide you with access to an updated list of live auctions throughout the country.