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Messages - Cobia

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406
General Storage Auction Talk / Re: Hot Wheels Anyone?
« on: January 27, 2013, 12:38:28 PM »
Hot wheels new in box are like a dollar at the flea market, 25 cents each out of package. I did sell one "new" in package from the 1980s for around $5, & I found a redline missing a wheel that sold for around $10 on Ebay.

407
Stories about Storage Auctions / Re: Auction Scene #1...January, 2013
« on: January 25, 2013, 08:23:59 AM »
The crowds and prices have really jumped up around here this month. Seeing the return of more 6 month, 1 year, and 2 year newbies. It's a funny cycle, word gets out that prices have come down, old newbies who dropped out months or years ago come back, prices go back up again, dazed look of confusion as to why the can't seem to win the cheap units they been hearing about.

Average cost per unit for me in December was about $280, average cost this month has been about $625!

A yes, new TV show about Storage Wars, and Tax Return checks, sprinkle in a little new years resolution of starting a new career, or starting their own business, and we get the cyclical Spring time fedding frenzy.

Just gotta wait for the 90 degree weather and the tax money to get spent by May and we should be back to "normal".

408
I've given up on getting newbies to use the search function to find out if topics have been discussed before, and it only recently dawned on me that even some folks who have been on here for 6 months or more may not have "browsed" for topics that might be of interest to them, so I am asking this question anew.

******

This is an effort to DEBUNK the tv shows view of the storage auction business which is basically that almost every locker holds valuable items. Each of the tv series makes these assertions though Auction Hunters has a disclaimer (in print on screen, not verbalized) that the filmed segments represent the best of the hundreds of lockers they buy.

So, what is the ratio? Is it 1 in 1, 1 in 10, 1 in 20, 1 in 100 or 1 in ?

I realize that people will have different experiences with this, so you should probably indicate roughly how many you have bought to make your point valid. In other words, if you've bought 1 and it was great, that's not much to go on. Likewise, if you've bought 1 and it was trash, that's not much to comment on either.

I've bought just short of 400 and my ratio would probably be about 1 in 50 as I can think of 8 super-deluxe lockers. Of course there is an entire range of "treasure to trash" values, so that complicates it too.

Anyway, I think you get the idea. It's just to give a ballpark idea.

I got 3 really good units out of the first 60 I bought. So thats a 1 in 20 ratio. Now my ratio is down to about 1 in 5 but I am picky about what units I bid on and because I tend to go for the ones that "look" good I pay a premium for them so my average cost per unitis proabably higher then someone who is just bidding and winning evert type of unit.

409
What's it Worth?? / Re: Ornate Executive Desk
« on: January 23, 2013, 11:30:00 AM »
I appreciate the effort. It's in an online storage auction so measurements and better description are not possible at this time. I was just trying to get a ball park figure.  Here is a slightly better photo of the back.



Looks to short to be an executive desk. Looks like a coffee table from Rooms To Go or Ashley furniture or related. Re-sale value $75-$100.

410
The Lounge / When to Start Your Own Apparel Line
« on: January 23, 2013, 11:24:35 AM »
One of the "secrets" to the storage auction business is to generate income through your own clothing apparel line. This endeavor can be clothing designs you have created yourself, or having a proefessional designer create your brand and line and you just put your name behind it.

Many successful storage auction business people have their own apparel line, including Dave Hester, Jarrod Schultz, & Mike Baiotta.

The question arises, when is the best time to start your own clothing apparel line? Should you start it at the same time as you start going to auctions? Wait until you become an established buyer or local whale? When you have opened your own brick and mortar thrift shop? Or wait until you are featured in a reality TV show?

There is no right answer and everyone must decide for themselves when the right time to start their own storage auction related clothing line.

411
Picker's Paradise / Re: Great little pick
« on: January 23, 2013, 11:07:35 AM »
Went to an auction today..all 12 units went for way too much money...even the trash.

One unit in particular caught my eye because it had the style of bedroom furniture my wife wants for my daughter's room. I tried to buy it but this idiot ran the price up to retail.

Uhh, weren't you buying retail too since it was furniture for your daughter??  ::)

Grasshopper, you would have got the furniture for the same price or less as buying it at a furniture store PLUS all the other goodies for one low, low price! including that $160 worth of cookware and who knows what else!

Amatuer!  :)

412
Company News / Re: The forum broke a new record tonight
« on: January 23, 2013, 10:59:35 AM »
Ahh Man, people found out I'm posting here! My covers been blown! Travis get that new server ASAP, you're going to need it!

413
What's it Worth?? / Re: Ornate Executive Desk
« on: January 23, 2013, 10:57:06 AM »
Does anyone know what this executive desk might be worth? It's pretty ornate and it's solid wood.



Maybe if you take it out of storage, give us pictures all the way around, measurements, and name brand; we could help you.

414
General Storage Auction Talk / Re: Glendon's One Time $150; Grow in 2013
« on: January 22, 2013, 02:00:58 PM »
You sound like Dave Hester!

I'm more like Lamont Sanford, but i'm working on it!  ;)

415
General Storage Auction Talk / Re: Glendon's One Time $150; Grow in 2013
« on: January 22, 2013, 08:33:01 AM »
Brought to you by:



Seriously though, any more compliments or plugs and I'm going to think you're working for him. The last time someone sang his praises this much, I jokingly called the guy out as being Glendon in disguise. A day or so later, Glendon magically appeared on the forum.

I started watching Glendon's videos in 2010 before I went to my first aution, by the time I won my first unit, I had watched all the videos he had made at that time and took copious amounts of notes. I also bought several of his books and read and re-read and also took notes. I have put to use so much of his knowledge, advice, and tips to what outcome?

Well in the fall of 2010 when I started going to auctions in and around my hometown, there was always a buzz about a 2 or 3 different buyers. "Is so and so here today?" " Where is so and so?" "Ahh Man, that's so and so's truck, we aren't going to win anything today!" Now fast forward to January 2013 and when it comes to the "big" names of pre-TV show era of local storage auctions, not a peep! You see, they are either no longer around or have such little impact at the auctions they are no longer local auction "household names". So what you say? Well guess who hushes the crowd and kills the hope of all bidders when he walks in? Me!! Sure, I don't buy them all, I don't try to buy them all, but I tend to buy the best ones, and if I don't win the best units I run the price up to way past it be a great deal!

So how much of this can I contribute being a green newbie in 2010 to growing to a local whale in 2013 to Glendon's training? I would say a lot! I don't discount my own attributes. Strong work ethic, experience, background, education, etc. as also being valuable assets that contributed to my success. I am sure if I had read Travis' book first I would have gotten some valuable information as well, and Glendon is not the only source for info I have used, there are others like, The Redneck Picker for instance.

In my humble opinion, I am living proof that Glendon is not a 'Snake Oil Salesmen'. Does he know it "ALL"? No, of course not, NOBODY knows it all. Are there some people on this forum that have just as large an organization/business as Glendon's was or even larger? I'm sure there are, and those people have a lot of knowledge they can share about the business. All I know is Glendon's information helped me survive, grow, and be profitable in the most competitive environment storage auctions has ever seen. I'm above water, while other guys with 10-20 years of experience are drowning!

 :)

416
The Lounge / Re: Does anyone know what happened to jrossjr79?
« on: January 18, 2013, 02:51:30 PM »
I see him in another forum as well. I gather he really hasn't been able to buy storage units based on his situation so he has been doing picking instead. Maybe he doesn't feel like he can contribute here anymore since he hasn't been buying storage units?

417
How does Starbucks get away with selling a $7 cup of coffee?

How does someone sell a piece of toast that "looks" like Jesus on Ebay for $1,000? Or how ever the story goes.

How bout you do what you do and let Glendon worry bout  Glendon.

Sounds like you are just hatin' and creating a victim mentality. "I can't sell my book for $60, how come he can! That's not fair!"  :'(

By the way, you are doing what he does, only you spend time coming up with topics to discuss on a forum and he does it through video.

The difference is we can't see your pretty face!  :-*

Here is some hidden business advice, Glendon puts himself out there for everyone to see! Like him or dispise him his customers know who he is! Thats how you build trust and relationships. You want to sell your book for $60 then you need to sell yourself first!  ;)

418
Hmmm, I was under the impression that pawn shops are highly regulated by the state do to how easy it would be for someone to buy and sell stolen goods and use the business as a money laundering joint. So these guys are going to bring inventory in from storage auctions and mix it with their pawned inventory?

Anyone have any experience with this business model? It sounds like a paperwork nightmare properly accounting for the inventory purchased through storage auctions and the inventory brought in on pawn, and making sure the government gets thier fare share of all the revenue.

Just seems to me if you wanted to do this, the safe and easy thing would be to have a pawn shop AND have a re-sale shop.

419
Vehicles at Storage Auctions / Re: Landscape Equipment
« on: January 17, 2013, 01:33:27 PM »
 ::) Yes, easy to sell, they sell themselves at the right price. When the customer shows up just point and grunt a few times and they will say "I'll take it!"

No titles or registrations required on this stuff!  :P

420
 Don't know anything about this lady. Was there a bad falling out with her and the producers of the show? Travis, did you bad mouth her here on this forum and she knows about it?

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