Do you want a pretty easy way to make money? If you do, you should consider attending and then eventually participating in mini storage auctions. These auctions occur when mini storage unit renters do not pay their monthly bills. As for what you can find inside, it can vary, but there is always the potential to make money. As for how you make the money, that’s with reselling.
Since you profit from mini storage auctions by reselling the merchandise you bid on at a mini storage auction, it is important to know what your potential options are. As for what option is best for you, it will depend on the items you have available for sale and your own comfort level. To help you decide, please continue reading on, as a few of your storage unit auction reselling options are discussed below.
Yard Sales
Yard sales are an easy way to resell merchandise you purchased at a public storage auction. This is mostly due in part to convenience, as you are able to lay all of your items out for display at once in a fast manner. Although you can profit from hosting a yard sale, know that many shoppers expect to find low prices. It isnt recommended that you sell valuable jewelry or antiques at a yard sale, but they are a great place to resell furniture, books, movies, clothes, home dcor, and toys.
If you do decide to host a yard sale, be sure to advertise it well. Place signs around your neighborhood at a minimum. You can list your yard sale online and take out a newspaper classified ad. Be sure to include the date, time and location of your sale. Also, post a small summary of what you are selling to generate interest.
Yard sales are a great way to profit from the reselling of mini storage auction contents quickly, but they arent right for everyone. Do you live in a high trafficked area? Do your local laws prevent you from hanging yard sale signs? Do you not have enough space for a yard sale?
Flea Markets
Flea markets are a possible alternate choice to yard sales. If you dont have the space to host your own sale, you could rent a table at the flea market. Although the dealer fees may be cost prohibitive, you are automatically paired with shoppers without having to pay for advertising.
To find the best luck with flea markets, choose those that receive the most shoppers. Visit flea markets in your area to gauge the traffic coming in and out. Flea markets where shoppers must pay an entrance fee can work well, as many do not want to leave without buying anything.
Although flea markets are a good way to resell items you bought at a mini storage auction, some do have rules and restrictions on what can be sold.
eBay
eBay is another possible reselling option that you have. What is great about eBay is that it is a popular online marketplace; shoppers flock to the website on a daily basis. This means that thousands of potential customers may see your auctions.
Since eBay is an online marketplace, it allows shoppers from around the country to view and buy your stuff. On that same note, customer purchases must be shipped. Unless you take a gamble and make certain items available for pickup only, not everything from a self storage auction should be resold on eBay.
It is also important to note that eBay charges fees. This will cut into your profits. If you do decide to sell on eBay, track your sales and subtract your fees. Make sure you are making money before you continue to use eBay.
Craigslist
Craigslist, in addition to flea markets, is a good alternative to hosting a yard sale. What you do is create free classified ads that outline the items that you have for sale. When you place those listings under the heading for your closest city, local buyers can contact you when interested. It is usually best if you create individual listings for your large items and always include pictures.
Philip Duncan is a make money at home enthusiast and excited to share information with people about Public Storage Auctions. More information can be found on his website at http://www.StorageAuctionsBlueprint.com.
