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Messages - westgabargains

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General Storage Auction Talk / Re: got a biggie today.
« on: September 01, 2011, 07:51:48 AM »
I do not believe it is illegal to sell a used mattress under Georgia Law. I cannot say that it isn't a violation of Federal Law, however, I do not think that it is.
My question is, in this day of rampant bed bug scares, where would you find someone to buy a used mattress?

Stores / Re: Booth space versus full store - I bit the bullet
« on: August 31, 2011, 01:37:06 PM »
THought of a couple of other questions:
1) Do you avertise particular items (like on craigslist) and send people to the store to buy it or do you remove it from the store and sell it (and save the 10%) and;
2) Do you do any sort of advertising (craigslist, free web sites etc) to send traffic to the Antique Mall.

I was told this Antique Mall had very good traffic but I cannot find them doing any sort of general web searches. I used to do online marketing and I know I could get the Mall more exposure but I don't know if that would help me enough to justify the time and effort to do so.

Again, if you have any experience in these areas, your response would be appreciated.


Stores / Re: Booth space versus full store - I bit the bullet
« on: August 31, 2011, 01:29:32 PM »
Ironman, where is this Antique Mall at? I checked one out today that sounds exactly like the one you are at except for the price was lower for a 10x10 (of course, the closer to the door, the higher the price).
I am seriusly considering doing this but I looked up this thread to check in with you to see if you are still making money and if you still recommended it.

Spoke to a couple of vendors while I was there and they were very enthusiastic. I am just concerned that I don't have $100-150 to give away if the merchandise isn't moving.

Your opinion would be appreciated

I doubt if it would be a big seller. After all, most people do not place their belongings in a storage unit thinking they might lose them for non payment.

Stories about Storage Auctions / Re: Lookey Loos Part 8.....August, 2011
« on: August 31, 2011, 01:17:34 PM »
I had an old timer get mad at me one time when I told him I would have bid higher on the unit he just won but the stuff in the unit was really heavy (plumbing fixtures and other large items) and I just didn't want to move it. He got mad and said then why did I bid him up. I told him I didn't. I bid to what it was worth to me factoring in the physical labor involved. Kinda of ticked me off but what can you do.
If you do plan to bid up a regular, you better be careful in 1) he doesn't stick you with it and 2) he probably has more money than you and can take some losses in order to pay you back.
One old guy at an auction I went to about 6 months ago was buying every unit. After the first 4, one of the newbies decided enough was enough and tried to run him up. He wound up getting stuck (in my opinion) paying at least twice what the unit was worth.
The old guy bought 8 of the 10 units at an average of $600 a unit. He didn't look like he had a dime to his name. I stayed to make sure he had the cash. And he did...and a lot more.

Stories about Storage Auctions / Re: Lookey Loos Part 8.....August, 2011
« on: August 31, 2011, 07:52:48 AM »
Well said, CopiaVIta. It has become a carnival of yuppies.

New to Storage Auctions? / Re: What happens when...
« on: August 31, 2011, 07:44:18 AM »
THere are no minimum bidders. The storage facility, however, may have reserved the right to refuse any and all bids and may, therefore, reject your bid (in essence setting a reserve price). One of the first units I ever bought, I was the only one there. I offered $50.00 (It was a 10 x25 about 1/2 full) and the lady got really offended and refused the bid. I asked her what she thought was fiar and she said $150.00. I agreed. As we were walking back to the office several other people showed up and she asked me if I wanted to bid the unit again as maybe I could get it cheaper. I refused.
That was a great unit. I found a broken gold necklace that I sold for $500.00 (Wish I could have sold it now--gold is twice as high) and I still have about 5 really nice expenxive leather coats to sell.
So, bottom line is there is no minimum amount of people but even if you are the only one there, don't expect to get it for next to free unless it appears to be all junk.

Stories about Storage Auctions / Re: Jackpot ! Jackpot in the Safe ?
« on: August 29, 2011, 12:48:43 PM »
Hope the ammo turns out to be a good omen for you. I have found 5 rifles so far in lockers, none of which had any spare ammo. On the other hand, I have found enough ammo (loose and in full boxes) in units without guns to stay on the gun range for a week.
Hope you find something great (guns or otherwise).

Stories about Storage Auctions / Re: Jackpot ! Jackpot in the Safe ?
« on: August 26, 2011, 12:48:06 PM »
 Personally, I would examine the safe and if it appeared to be in really good shape, I would pay to have it opened and keep it for myself (I could use one for rifles and other vaulables). If it did not appear to be worth keeping I would just break into it. I would not pay to have it opened hoping that I could break even (or profit) from selling it. Of course, you may not feel the same way.
As with all the other posters/lurkers, I can't wait to hear what you find inside.

Craigslist / Re: Having trouble selling items
« on: August 26, 2011, 09:35:33 AM »
Thanks for the advice. Hopefully, I will see it pick up after labor day as I really can't afford to drop the prices any more than I already have unless I just take the loss and move on. A year ago, I would have done that but buying replacement units has gotten so expensive I just can't see making up the loss with the next unit.

What's it Worth?? / Re: quarter fed slot machine by Mills
« on: August 26, 2011, 08:01:32 AM »
You need to check you state laws on the ownership or sale of slot machines. In some states (most states) they are illegal to own or to sale. Some states have exemptions for machines made prior to a certain date.
You just need to be careful. Obviously if you keep it, your not likely to have the police show up at your door (assuming it is illegal in your state). However, advertsing it for sale may bring them down on you.

Craigslist / Re: Having trouble selling items
« on: August 26, 2011, 07:53:53 AM »
I am also having a problem moving stuff on Craigslist. Starting in about April, the responses to myads have dropped to almost nothing. I was wondering if it might have something to do with the new easier way they allow you to relist the items since that is about when they started it. I was thinking since it is so easy to relist now, maybe my items were getting pushed down in the listings faster than they used to be.
I just don't have an explanation. I am selling the same type of items (furniture mostly) and I have them priced 40% lower than I did before and I don't get any responses from the ads.
I was selling two or three items a week before April. Now I am not selling more than 1 a month.
Has anyone else seen a turndown n responses on CL since the new format was put n for relisting?

Flea Markets / Re: flea market noob
« on: August 24, 2011, 03:12:33 PM »
That is the hardest thing for me to do....sell for way less than I think it is worth just to turn over the inventory. However, it is something I am going to have to do as I have filled the space I rent to sell out of and my basement is full.
I passed on the first reasonably priced unit I have seen in months yesterday because the unit was full of large furniture and I had no where to put it. The leather couch was worth the sellng price by itself.
I believe that the more units you buy, the better the odds of hitting the big (or reasonable big) payday. However, you can't buy more stuff if you run out of room. Hopefully, I can stop looking at the money I feel I am losing by selling the stuff underpriced and convince myself to look at the money I am actually making and the potential income from the next unit.


"How can you enjoy that new Maserati while all of your regulars can't afford to buy a unit?"

Too funny. I Love it.

I have had this idea recently too. I have been to about four local "merchandise" auctions trying to find a place to sell a truckload or so of items too inexpensive to sell on Craigslist. None of the auctions are convenient to my area of town and none of them were handling the used items (mostly food and the cheap new made in China stuff). So....I came up with the idea of starting one in my area.
Originally, I tried to get my brother in law to go to auction school to get his license but the schools are not convenient and the cost is around $1500.00 so he isn't likely to do it. I have a full time job so I don't have 2 weeks to go to auction school.
I am thinking of contacting one of the auction companies that run the merchadise sales and seeing if one of them would come run an auction in my area if I could locate a building.
What I would really like to do is get a building large enough to have a store on one side and an auction area on the other.
If any of this gets off the ground, I will post an update.

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