Storage Auctions
The Storage Locker => General Storage Auction Talk => Topic started by: MTP on June 25, 2013, 07:18:48 PM
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After about 30 units I am done with the game.
I know Rome wasn't built in 6 months either, but I am tired of trying to sell nice stuff and nobody I mean NOBODY wants to buy it. OuR arEA (California Central Valley) is so depressed people need $$ for food.
I know I could have made it work, but I know for a fact no matter what it would have been TONS of backbreaking work.
Thankfully a friend led me on to another very promising business venture that's more along my alley.
I will miss the gold scores and fun people I met at the auctions and still might come out from time to time for some BSing. But I am going to get rid of what's left and move on.
Good luck all and thanks for all the advice and fun!
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You gave it a shot.
Most leave after just a few lockers.
It's tough out there right now. I'm just picking. Good luck in your net venture!
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I know what you mean...depending on your area, it's tough to sell certain things. Coming from Houston, where anything you put on Craigslist (that is priced right) would sell in a few days to central Texas where an item might take 3-4 weeks to sell, was one heck of a transition.
You just have to be smart about what you're buying and leave plenty of room in case you have to lower your prices to get things to move.
Well, I hate to see you go but good luck on your new business venture.
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After about 30 units I am done with the game.
I'm in the Central Valley too (see my signature below) and after almost 400 buys in 10 years I cut way back about 1 year ago. Used to buy one a week. Slipped to fewer than 2 a month about 10 months ago and now in the last 7 months I have bought 2.
Like member Alias I am pretty much just "picking" and while I don't have the buying (and selling) public of around a million he has up north (within 20 minutes of him), I've been happy with my buys and sales.
As another member said, you gave it a shot. Most don't make it beyond a half dozen or so buys or even get around to buying one after going to a few auctions ! ;D
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30 lockers in 6 months is a high rate of buying! Sucks that your area isn't buying resale. What are you doing with your surplus?
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I am going to do some yard sales.
Actually made $380 last weekend blowing out some stuff.
Wholesale the rest, recycle some and maybe donate stuff.
Right now I would SERIOUSLY consider an offer on everything that's left IF the person takes everything!
2 storage lockers full 10x10 and 10x30 and some stuff at my warehouse.
$500 takes all.
Well, once can hope. LOL
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At least you gave it a try. It's been tough this year, sales are coming slower then usual it seems, and there's competition too it seems. Good luck in your new venture.
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Right now I would SERIOUSLY consider an offer on everything that's left IF the person takes everything!
2 storage lockers full 10x10 and 10x30 and some stuff at my warehouse.
$500 takes all.
Why don't you list them on VirtualStorageAuction.com. It's free and chances are you'll get more than you're asking.
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well you made it alot further than most newbies. buying units and reselling isn't a cake walk its alot of work not only going to the auctions, sorting merch, selling, sitting at flea markets and garage sales, ebay, etc and oftentimes for small profits. reason i liked the whole storage unit industry is alot of it i dont see as work. i know alot of regulars, alot of the day is sitting around shooting the **** and hanging out withh regulars i know. that said its also a ton of work and takes a tole on family and social time, etc. I'm still interestedin auctions and still attend as I can but like you came across an opportunity to make more money alot more easily and focusing my efforts there. auctions are more a hobby for me now days.
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Just curious, what is your other venture?
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Oh yea, they say everything is getting better.
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I talked to a former regulqar buyer the other day.
Yeah, it's getting better, but NOWHERE to the old days ort even close.
He is doing it for 10 years. Used to buy a locker a week. Now he bought 2 in the last 7 months.
The rule of thumb used to be: Triple or quadruple your money on a unit on average.
Also add the 4 highest priced items you can see and that's your max bid.
If I'd apply these rules I would NEVER buy a unit.
People bit DOUBLE of what BOXES they see. Of course 90% of the boxes are emtpy or filled with dirty kitchen utensils.
There is money in the game, but the return on inverstment and time and labor involved is too much for a newbee like me, who does not have a network of connections that takes years to build.