Personally, I did very well with storage auctions but got stupid and bankrupted myself out of the business. Long story short, my partner and I were doing so well that we decided to open a second retail location to sell our nicer items: antiques, collectibles, high end stuff, more fancy decor, etc.
After about a month, I realized that it was too much work for the two of us to run separate locations. Instead of doing the smart thing and hiring help, I decided to close down our 5,000 sq ft warehouse and liquidate everything so that I could work in the air conditioned store-front (which was only 2000 sq ft and cost four times as much in overhead). Well, things didn't go so well there and we alienated our largest customer base: poor to middle class.
Unfortunately, the new location was in a special planning district that didn't allow thrift so we had to stick to this new business plan for the remainder of the lease. By the end, I was broke and had to close up shop.
Currently I don't have any reserve money to start up again, and I'm weighing the pros and cons of working my way back into the game, or getting a "real" job again. In the meantime, I'm trying to learn how to make money online - which is also difficult but can be highly rewarding if everything falls into place.
In the meantime, I have written an e-book detailing everything I know about being successful in the business, even if you're a newbie or have no prior business experience. I'm going to give it away for free for anyone who signs up before I officially launch it. Reserve your copy at
http://StorageAuctionAuthority.com