Once considered one of the nation’s best-kept secrets for generating extra income, the auction business is now a rapidly growing industry with a sizeable following. Thousands of storage units go to auction each day, and the potential for high profit margins with minimal initial investment is evident.
But before you quit your job and begin practicing your poker face for a bidding war, consider this: you may have just discovered the revenue potential of storage auctions, but so has everyone else. Auction and re-sale markets are on the rise, and if you play your cards right you can come out on top – but competition is stiff. So before you bid, give yourself an edge with these tips from the pros.