Storage Auctions
The Storage Locker => General Storage Auction Talk => Topic started by: MovieMan on October 22, 2013, 10:08:27 PM
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I did a quick search for an answer to that question and was pretty sure I would come up with nothing, and I didn't but maybe you will or perhaps you have formulated your own ideas on the subject.
It's easy to find out how many storage facilities there are and other such statistics abound too, but I think the question posed hasn't been addressed. If it has, let us know.
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I'm only speculating here
5,000-10,000 full timers
20,000-30,000 part timers & weekend warriors
2 million +/- lookie loos who have come and gone in the last three years
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I'm only speculating here
5,000-10,000 full timers
20,000-30,000 part timers & weekend warriors
2 million +/- lookie loos who have come and gone in the last three years
Yep, and I speculated that maybe there were 10,000 full and part-time buyers. The ones that come and go in a few months don't count in my book. It's the 10,000 or whatever that will drive the industry in whatever direction it is going or will go in the future.
Compare that to the millions of people who buy a single product like makeup, DVDs, radios, tvs, books, exercise equipment and the thousands and thousands of other products available on the internet. Auction locker buying is a niche of course but a small niche with a small number of buyers, and therefore I don't see much growth happening.
The boom of 2 years ago because of the tv shows is already fading and no tech advance is going to push it much further up the investment worthy line.
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Growth in the storage auction industry isn't necessary for online auctions to succeed. All we need to do is convert the storage industry. Currently, there are more than enough buyers to support growth in the online storage auction niche.
Online auctions will allow the weekend warriors to "attend" auctions they otherwise couldn't. Nowadays, people can use their home or work computer, or their phone for that matter to bid on units remotely. People who might never attend a live auction might shop for bargains online.