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Topics - Shmoopy

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What's it Worth?? / Cast iron waffle iron
« on: March 17, 2012, 07:59:58 PM »
So I put up an ad on craigslist asking for leftover yard sale stuff and I got a huge lot for $50 and this was in it. I don't know what it's worth because there are almost zero distinctive markings. The closest thing I've found is this:

Mine doesn't have the pan/handle, so keep that in mind... I was thinking about putting it on ebay for around $15-$20 since complete ones of a popular brand are selling anywhere from $30-$100.


edit: the pictures might help >.<

New to Storage Auctions? / Best way to get a large quantity of product?
« on: February 11, 2012, 11:35:25 PM »

After my first two experiences as a vendor at the flea market, I've decided I definitely need more product. I did well ($80 first time, $150 second time) but both times I ran low on product and didn't have enough to go back the next weekend or even the weekend after. Since I'm 18 and living with my parents while I'm at school, it's difficult for me to have a large amount of inventory since I don't have much storage space. I can't exactly cycle through inventory. Anyway, I've been asking everyone I can if they would be willing to donate random junk they just want hauled off, but most of the time they just say "yea, we'll call you when we find something" but it doesn't happen. Since I reinvested my profits from the flea market into more product, all I have is about $150. Not nearly enough for storage auctions. Any tips/suggestions?

New to Storage Auctions? / Thrift stores/goodwill
« on: January 28, 2012, 11:06:06 PM »
So I just had my first flea market experience as a vendor. I made some profit and want to go out again next week. I've got some stuff from friends that they want me to sell for them for a percentage but I still want to get more inventory. One of the regulars at the flea told me that just starting out we should focus mostly on thrift stores and goodwill picking. He said that one thing he found was that kids' jackets and hats with sports team's logos on them sell for around a buck at goodwill and you could get $3 for them all day at the flea. Any other ideas as to what I should look out for?

Flea Markets / First time out
« on: January 28, 2012, 10:58:58 PM »
Hooookay I'm exhausted. Had to wake up around 5 to get there extra early to get a spot at the flea today. Overall, I'd say it was well worth it. We got an $80 profit which I consider good since we had about a third of the inventory of the regulars. It was a good experience and we met some of the regulars who were, for the most part, very kind.

We're planning on reinvesting our profit into picking at thrift stores and goodwill and that kind of thing. One of the regulars told us we could get children's jackets and hats and such with sport team's logos on them for around a dollar at goodwill and they sell all day at $3. I thought I was very fortunate to get any information from any of the regulars. Of course, I've gotten so much advice from all of you, but you're not my local competition. I suppose he has enough of a clientele to not have to worry about us newbies   :D

A couple of entertaining parts of our experience:

My friend/partner has been trying to sell his hookah and once he set it up, it attracted a LOT of attention. Had so many people call it a bong we put up a sign saying that it indeed was NOT a bong. Several people who grew up in the 70's had visible nostalgia and cracked some jokes with us about it.

We were given a spot right next to this funny Asian man who sells all kinds of knives, swords, kendo equipment, etc. We got a little runoff traffic from people who saw his shiny metal, so that was pretty awesome. He was a really cool guy, though his accent was difficult to understand.

It was a good day. I got some sunburn on my face and some money in my pocket. Can't wait till next time!  ;D

Flea Markets / Weather conditions
« on: January 25, 2012, 02:29:33 AM »
So my friend and I have finally built up enough stuff to be able to sell at the flea with a realistic chance of profit. Between picking yard sales, grabbing free stuff on CL and getting rid of junk in our homes we've built up a nice stash. I just have one last question before our venture: What are ideal weather conditions?

This weekend is supposed to be kind of cold (for the south, 30's low, 50's/60's high) and I'm not sure if we should wait for better weather. Spring is just beautiful around here and I want to make sure to stock up on inventory for that time, but right now I could really use some more cash to keep building inventory so I'd like to set up ASAP. It's still only January, but I've seen the flea market fill up all times of the year. What do ya'll think?

I know this isn't the CL forum, but this is a newbie in need of help  :-\
Okay check this ad out:

I've set up an appointment to go by during the week and I'm pretty sure I know what I want to get. So far I know I'm grabbing:

All the board games
Probably most/all of the PC games (depends on age)
All the shot glasses (I'm hoping for collectible ones, but you know, they're 3 for $1. Can't really go wrong)
All the appliances (I'm assuming they're working. If not, I won't touch them)
All the bedding items (To package with any mattresses I find in auctions so I can resell at a higher price. They're $1 each. Again, can't really go wrong.)
The 19" TV
The neon clock (It's $10 bucks. NEON. $10!!! I'm super excited. might keep it if it's cool enough  :P)
the BB's (for personal backyard use with friends)

What I really need help with are the outdoor tools. They seem too good to be true. I mean $10 each for things that cost hundreds of dollars. I dunno... Even if they don't work, I was wondering if they'd have any scrap or parts value. Most of these prices seem too good to be true, but with the storage auction prices as high as they are, I don't know if I can pass this up.

New to Storage Auctions? / Most commonly found items
« on: January 07, 2012, 09:19:12 PM »
So after my first auction I realized that I know less than I thought after my price research (also with the inflation of newbies who apparently don't do research). I noticed that there were some common items in those three units, though and would like to get some thoughts. Not necessarily values because I can (hopefully) find that out myself since pricing can be local. So far I've seen:

Mattresses (75-150 on CL depending on condition in my area)
Boxes/totes marked "clothes"
Assorted furniture
Broken/shoddy furniture
Various home supplies (brooms and shovels)

Since I haven't actually bought a unit yet, I was hoping for some insight as to what's usually inside those unmarked boxes. My guess is junk, but what are some of the non-junk things you've found often or at least with some consistency?

New to Storage Auctions? / First auction on Friday
« on: January 04, 2012, 12:40:26 PM »
So I'm pretty excited, but since I'm new, I don't plan on actually winning anything. Still, there's 13 units and I'm taking $100 just in case. Just a few last minute questions!

I'll be using a Ford F-150. It has a sizable bed and two rows of seats so I can use the back seats for fragile stuff. The seats also fold to make a more roomy area. My question is should I bungee things to the bed of the truck individually or is it better to bungee a tarp over everything to keep them down?

I also want to start networking, but I'm not exactly sure of what icebreakers a noobie could start with. Any tips?

I'll also be going to a multi-family yard sale that's just 5 minutes away from where I live the day after the auction. Any tips on what to look for? I've been watching theredneckpicker's videos and there's just SO much I don't know in terms of prices. I think I'll mostly be looking at books and collectibles, maybe some tools if I can get them cheap. Any advice on how to start building a knowledge of prices?

You guys have helped me so much! Thank you so much for taking me under your wings!

Flea Markets / Startup Costs
« on: December 31, 2011, 08:24:46 PM »
So I'm trying to figure out how much money I have to save up before I can start doing flea market sales. Like I said in my introduction post, I'm 18, in school but unemployed so I don't exactly have a disposable income.

the necessities I can see myself needing: a money till, some tables, a chair and gas money.

As for the till, I can get one for less than $20 so that's not really a problem. I can also borrow one of those nice folding relaxing chairs from my parents. The thing that I'm really worried about are the tables. I've already asked my neighbors, but none of them have any of those easy folding tables you see. I looked up their prices and they're $50 minimum each online so I'm sure as hell not going to buy them. I was really wondering if flea markets have some sort of rental service for vendors. The flea market here in Raleigh is massive and everyone seems to have the exact same tables. What do you guys usually do? Do you have your own tables or do you borrow them?

Also, I don't want to seem lazy, but I was also wondering if anyone labels their prices in any way. It seems like a bit of a pointless hassle since prices are either cheap or negotiable.


New to Storage Auctions? / How low will auctioneers go?
« on: December 30, 2011, 07:12:51 PM »
I've noticed a few people describing a unit and then saying that no one bid on it. Is this because there's a minimum that auctioneers will accept as a starting bid? I admit I'm one of those who hopped on the bandwagon after watching the reality shows, but on those shows I've seen a few units go for $1. I'm just planning on going to watch auctions for a while, but if no one wants a unit, I'd like to pick it up for cheap and was wondering how little will an auctioneer accept.

Hello everyone! I've been lurking on these forums for a few weeks in addition to doing some research and since I plan on going to my first auction on the 5th, I thought it would be in my best interest to join up. I am only 18 and am currently unemployed, at community college and living with my parents, so I'm not planning on bidding until I save up a lot more money and create a solid plan, but I thought I could offer some spectator reports on the Lookie-Loo threads.

Looking forward to evolving in this business!

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