Storage Auctions

It was an interesting 6 months run.... calling it quits.

Offline MTP

It was an interesting 6 months run.... calling it quits.
« on: June 25, 2013, 07:18:48 PM »
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!

Offline Alias300

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Re: It was an interesting 6 months run.... calling it quits.
« Reply #1 on: June 25, 2013, 08:06:27 PM »
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!

Offline Travis

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Re: It was an interesting 6 months run.... calling it quits.
« Reply #2 on: June 25, 2013, 10:54:14 PM »
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.

Offline MovieMan

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Re: It was an interesting 6 months run.... calling it quits.
« Reply #3 on: June 25, 2013, 11:23:37 PM »
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


Re: It was an interesting 6 months run.... calling it quits.
« Reply #4 on: June 26, 2013, 09:50:25 AM »
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?

Offline MTP

Re: It was an interesting 6 months run.... calling it quits.
« Reply #5 on: June 26, 2013, 06:52:43 PM »
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

Offline Cobia

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Re: It was an interesting 6 months run.... calling it quits.
« Reply #6 on: June 26, 2013, 08:05:22 PM »
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.

Offline Travis

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Re: It was an interesting 6 months run.... calling it quits.
« Reply #7 on: June 26, 2013, 08:24:38 PM »
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.

Offline rulesforrebels

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Re: It was an interesting 6 months run.... calling it quits.
« Reply #8 on: June 27, 2013, 10:34:54 AM »
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.

Re: It was an interesting 6 months run.... calling it quits.
« Reply #9 on: June 27, 2013, 04:26:04 PM »
Just curious, what is your other venture?

Re: It was an interesting 6 months run.... calling it quits.
« Reply #10 on: June 27, 2013, 04:27:06 PM »
Oh yea, they say everything is getting better. 

Offline MTP

Re: It was an interesting 6 months run.... calling it quits.
« Reply #11 on: July 05, 2013, 01:21:11 PM »
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.


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