There are plenty of good reasons to get started in the storage auction business. The allure of finding priceless treasures, the prospect of making a living off of something you love doing, being able to learn new things and become an expert—sure, those are all awesome and valid reasons. But what would you say if I told you I have actual statistical data that proves this industry is booming, right this very instant?
The Cold Hard Facts
According to the Self Storage Association’s “2012 SSA Fact Sheet”, there’s some pretty amazing data that suggests that great things are on the horizon for the self storage business—and this can only be good for us. Here’s a few of the main points of their list.
- 83.9 percent of all US counties have at least one “primary” self storage facility
- The self storage industry has been one of the fastest-growing sectors of the United States commercial real estate industry over the period of the last 35 years
- There are now approximately 49,940 “primary” self storage facilities in the United States as of year end 2011
- One in 10 US households currently rent a self storage unit; that has increased from 1 in 17 in 1995 – or an increase of approximately 65 percent in the last 15 years.
If you look at the facts, it’s very clear that this business is growing and growing at a phenomenal rate. These days, America has become synonymous with consumerism. We have so much stuff, there’s so many reasons to rent a unit. Sometimes it’s for legitimate reasons like divorce, foreclosure, a death in the family—but sometimes, we simply have too much junk. It’s the American way! In fact, a fascinating article published in the New York Times states that “by the early ’90s, American families had, on average, twice as many possessions as they did 25 years earlier”.
What This Means for You
You probably already know what this means. More junk means less space. Less space means more people renting a storage units. More people renting storage units means more people failing to pay for said units. In fact, the staff here at StorageUnitAuctionList.com has also done some research on the subject, and the results might surprise you:
Each year the 50,000 storage facilities throughout the United States must auction unpaid or abandoned storage units to the general public resulting in an estimated 1.2 billion dollars in goods changing hands. Our website alone lists over 12,000 auctions per month nation wide.
Life After Reality TV
You might be worried–is this really something I should invest my time in? What if the industry dies after Storage Wars loses steam? Well, sure, you might have less competition after the show’s popularity dies down, and you’ll definitely have a lot less looky-loos. Aren’t those good things? And think about it: the self storage business has been growing since the 90’s–long before Storage Wars was even a thought in anyone’s mind. Consumerism is still alive and well, and chances are it will be for a very, very long time–even after the shows have run their course. Plus, with the economy the way it is right now, people are shifting their sights to buying second-hand goods at cheaper prices. This is fantastic news for you, storage hunters!
So calm your worried mind, because it looks like the odds are in your favor. If you do your research and play your cards right, you can be really successful in this business—especially now. So who knows, if you haven’t already jumped on the bandwagon, maybe now’s the time to do it. Rest assured that the staff here at SUAL will be here to help you every step of the way.