Was wondering how possible it is to profit 1000-1500 a month on storage units. Doing this on a part to full time basis.
It is certainly possible to net $1K to $1.5K on a part-time basis. Here are factors which would affect that.
1) How much you pay for lkrs.
2) How much you sell contents for
3) The quality of the goods you obtain which you then sell.
Numbers one and two above are the most important of course. Also, the three things I mentioned above don't take into
consideration the following as you asked is it possible to "profit" by 1k or 1.5K.
These things of course have to be accounted for in the "expense" column.
1) lkr cost above
2) dump cost (for the inevitable trash that must be disposed of)
3) storage cost (if you run out of space at home)
4) labor cost (if you hire someone to help you)
5) selling location cost (flea market?)
6) value of your time invested (?)
Further, if you did this FULL-TIME, it certainly would be possible to NET that amount (or more) depending on all the factors above.
This is a business like any other. You have to plan what your expenses might be and project what your income might be. Every time we buy an individual lkr we are looking at all those factors. If you do this on any regular basis you will get good and bad lkrs. You can't control the contents until you get them in your hands. Thirty clean totes might contain nothing but old clothing, past bills, statements, income tax records, old newspapers, 40 photo albums from 1970 that have no value, you name it.
IT'S A GAMBLE ! If you can't afford to lose the money you spend on a lkr then you shouldn't even spend it. Typically, you wouldn't lose everything you spent, but getting only 50% of your investment back is pretty discouraging and might make you shy the next time out.
As to "HOW" possible it is, that's not easy to guage. I personally couldn't tell you that the next 3 lkrs you buy are going to make you "x" profit. There are just too many variables. I can tell you that if you buy 50 lkrs, ONE might be a REAL BIG WINNER, or it might be 1 in 100. I can also tell you that out of 50, maybe 5 to 10 you might LOSE money on. So, that leaves maybe 35 to 40 lkrs (out of 50) that you would make SOME money on...might be a good return or an average return. Generally speaking, yes, some people will disagree with this...the thought is that you should try to DOUBLE YOUR MONEY; so in a month's time, if you spent $1000 on lkrs, you would have hoped to have sold the contents for $2,000 and thus achieve your $1,000 profit.
Maybe you' do THAT, or ..... make $800 profit or.... break even..... or lose money.....you might only sell $900 worth of goods. Lots of possibilities right? You have to jump in (even partially) and give it a try. Don't quit a full-time job !