How has the TV shows over the past year to two years affected your profitability? Have you been able to adjust to the larger crowds? Do you have a lot of newbies winning most of the units in your area by overpaying? Just curious. Most of the vets in my area are struggling, some have dropped out, most seem to be trying to find other outlets for inventory like yard sales, auction houses, and wholesale auctions. I have the impression that none of these other outlets are anywhere near as profitable as the storage auctions were before the general public became aware of them.
1) Shows have affected profits. A unit you could buy for $300 and make $700 profit now sells for $1,000
and you hope for $200 to $500 profit.
2) Adjust to the crowds? Sometimes I don't even go to an auction if I feel the auctioneer will attract 100 + people.
3) Struggling? Yes, and adapting to new conditions but doing as you said...more single item buying, and looking
at bulk buying from other venues.
4) Yes, the other venues are not as profitable as the "old" locker business, but if you can buy enough single
items in the $10 area (each) and sell them for 5 to 10x that price you can do well, but finding ENOUGH
single items to do well is a reach. Right now for me it is a supplement to getting the occasional good lkr.
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