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Messages - money4nothing

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586
New to Storage Auctions? / Re: How do YOU scan price a unit?
« on: January 01, 2012, 10:59:45 AM »
The only thing that makes me nervous is that I'm used to being able to pick things, know they work, know their condition and whatnot so the values in my head for are for working items, not potentially broken things.

My husband says auction buying is like a pig and a poke. Never know what you are really getting. We have been doing yard sales and estate sales due to the inflated prices at the auctions.  He likes that you can touch it and see it work  at yards... LOL


587
New to Storage Auctions? / Re: How do YOU scan price a unit?
« on: January 01, 2012, 06:52:49 AM »
You really have to know your market area.

Washer Dryers no sell for us. Not sure why but a burden if we see them.

Cheap particle board furniture a Plus we sell the crap out of it. Higher end not so much.

So you have to know what you can sell. No body wants the lockers we want so a win for us.

Went to an auction and there was something hidden in a small locker three bidders saw it. (we did not) Locker went for $180. My husband and I were like what did we miss. I asked the winner what she saw she said a washer dryer she can not keep them in her store. Would not have effected our bid if we saw it.

So as you scan the locker know what you can sell and for about how much.  We bought one that had cheep furniture in it for $75 sold it for $185 in about two weeks time. Everyone at auction was like what do you want that for? No boxes, no trash WYSWYG. knew we could sell it. Still ask our retail seller about things that sell and for how much. She tells us so we don't lose our butts.

On a side note we are still learning with each new locker find something we have no clue what it is worth so research and then knowledge. Sometimes you can see stuff and not win the locker but have something to research and learn.

Todd has a good background in what he knows. Like us we are pretty good with furniture and antiques (collectors) Know little about the smalls but learning.

Good luck

588
Stories about Storage Auctions / Re: Year End Report - 2011
« on: January 01, 2012, 06:24:26 AM »
I am sitting at 1.82 times the money; so for every $1,000 I spent I brought in $1,820. Not the "double" I aim for, but it will have to do.

New year resolution to do as was told by Movieman to do the Percent of cost sold, Balance to recoup ect..
 ;D (husband does it in his head now) LOL

Year end update.

 6 lockers Purchased
$ 1215 spent (includes yard sale finds)
$ 1326 Sold

In the black by $110

With projected inventory of $1,515  (some not included mainly clothes and yard sale smalls)
So not a bad start for these noobies.  ;)

Looking forward to the new year.

A couple of days and we'll be back attending auctions again and here's hoping everyone has a great year of buying and selling !
Same here.

589
Flea Markets / Re: Startup Costs
« on: January 01, 2012, 05:46:59 AM »
  The flea market here in Raleigh is massive and everyone seems to have the exact same tables. What do you guys usually do? Do you have your own tables or do you borrow them?

Most Flea Markets have wooden tables as part of the rental fee. If they all look the same then they come with your space. Should tell you on with the space size comes with one table so many feet by so many feet.  They supply the tables to control the booth and walk space.


To me it sounds like you need to build your bankroll. My suggestion is to start with some low-dollar picking at thrift stores and garage sales. Make a few dollars here and there, reinvest in new merchandise and keep building. Heck, look for stuff on the free section of craigslist that you might turn into $5 and just keep plugging away.
I feel that if you start in such a manner, you will know when you're ready to expand into flea sales.

Same advice in the intro thread.  ;D

590
Well I would do some more research on the selling part. Maybe a thrift consignment store, or a place to rent a space to put your things in.

The Flea Market sounds good would plan on the in advance thing if they are packed all the time.

If you are into smalls I would start with yard sale / estate sale finds. Buy cheap and sell high. That would build your seed money up.  Don't know smalls but know furniture. We hit a yard sale yesterday picked up two swivel bar stools and a nice wooden chair for $4.00.

We have a consignment thrift we use. Sold the Bar stools for $20. After her 20% and the actual cost of $3.00 we made $13.00 Profit. I know dose not sound like a lot but if you do it a lot it will add up.

I use CL and a local on line classified, find the ones that say must go, one day only ect.

The small lockers or ones with smalls are going for a lot of money at the auctions here and else where. So I would start poking around different avenues for selling, there is almost always garbage and furniture in lockers.  So would check out your local Consignment shops, thrift stores ect.

I wish you luck and do attend an auction they are interesting and fun. You may not like what you see and decide on something else but at least you will learn something. LOL   

591
Welcome aboard.

Spent time near Raleigh NC. many years ago.  Lived in Scotland County when I was a kid.

Start doing your research on the selling end of this business. We are currently trying to find other places to sell. We are doing well but I don't like having all our eggs in one basket. Went and checked out a thrift consignment store. No thank you will keep looking.  ;)

Anyway work on that end of this. Where are you going to sell?  A lot of advice here.

Good luck

592
New to Storage Auctions? / Re: How low will auctioneers go?
« on: December 31, 2011, 05:50:14 PM »
Have seen two go for $10. They were empty just a few things in it, one had an easy bake oven in it.

Saw one not sell, it was two old office chairs, the manager was kinda *****y about no one wanting it.

The other $10 unit had a definite dump mattress and box spring king size. On same day another scary looking locker went for $25. Normally we would have jumped on all of them but we had purchased a large one and still had work to do on it. So we passed just because we had other things to take care of.

Your question has been answered by others depends on auctioneer, the facility.
We went to one the owner of the facility hated doing auctions, he did not care what they went for, just as long as it went away. There were no $1.00 lockers though.

Good luck.

593
Lol ya you might have just a few words to say Hah

A Few ????? LOL

594
Garage Sales / Re: Throw it all in boxes,and let them dig for it
« on: December 30, 2011, 08:18:57 AM »
Do pretty good at yard sales.

I do the dig box @ .50 each or whole box $5.00. makes it walk away and I get what I want for it. Works best on misc. craft stuff or kitchen stuff.

Will be doing the kids clothes in totes by size, will see how that works.

595
General Storage Auction Talk / Re: iPad for research at remote locations
« on: December 30, 2011, 07:48:07 AM »
Might have me sold too.

time to upgrade my phone (it has been dropped several times and is missing parts still works though)

Not sure how fast I would adapt.. Love technology but slow in accepting it. Was forced to turn on voice mail (hate it). It is such a wast of time. I have caller ID if I miss your call I will call you back. With VM have to call a # listen to message erase message then call you anyway.

Sorry digress. I am going to look at the plans we have available. AT&T not good in our area. To many dead zones. We use verizon (bought out alltell) only service out here in the country.

If can pull it off as inexpensively as you Movieman will just have to jump in.

596
Welcome to the Online Storage Auctions Forum / Re: Hello All
« on: December 30, 2011, 07:26:24 AM »
You sir or ma'am are a fine example of what a REAL successful storage auction buyer looks like. Anyone who wants to do this seriously should read your post and understand this is the REAL expectations of money to be made, and you did'nt even mention all the hard work that goes into it.

Welcome, Good Luck, and keep at it, and eventually you will hit one of those 1 in 500 units that make all that hard work really fun!

Ditto

Welcome and good luck.

597
Stories about Storage Auctions / Re: Lookey Loos Part 12.....December, 2011
« on: December 30, 2011, 07:22:08 AM »

THEY AREN'T!!! :o

Only had two auctions this week and both a drive away. We avoided them due to the over all statements on here.. PEOPLE ARE NOT THINKING.

The new year looks better.  :D

598
New to Storage Auctions? / Re: Young Children at Auctions
« on: December 30, 2011, 07:17:33 AM »
See dogs all the time. Last auction one small dog well behaved did not really know it was there.

I would have gone off on the burned jacket. We smoke but re-frame during auctions. Just common courtesy.

599
Millertime that is something my husband would do.


Update went off without a hitch. Everyone had no idea came from our inventory, so next year they will most likely expect it.. LOL

600
Well getting close to the decision time.

Think Auction Scene wins.

although some of the others were pretty funny.  ;D

Ok little slow saw you already got it up. To much Christmas dinner... LOL

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