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Messages - Cobia

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76
General Storage Auction Talk / Re: Ring Tones
« on: May 27, 2014, 10:38:57 PM »
I was using Macklemore's "Thrift Shop" for a ring tone for a while but I got tired of it pretty quick. I even changed the notification settings on my phone so people don't recognize the classic Ebay "cha-ching" when I get paid.  :93:

77
Stories about Storage Auctions / Re: My Worst Unit ever
« on: May 13, 2014, 06:05:45 PM »
In my part of the country 80% of our units look like this so I would be out of business if I bypassed every unit that looks like this. Some places we just have to learn how to sell that crap if we are going to do storage auctions as a living. Sometimes they go to high, sometimes crap turns out to be crap, and sometimes there are gems hidden in those ugly units.

Good thing about those ugly ones is they typically go for less then $300 (around here). When we see a good, or God forbid a great unit, the price almost always sky rockets into retail territory. Meaning the unit sells for just about what you could buy everything you can see from the door new for.

78
Yes, it can be sold. Some markets don't allow it but others do.

Some folks might be buying the porn cause they don't want their cookies and IP address collected and tracked for visiting "free" porn sites.

79
Bring a hammer.
Hit yourself once in the head for even thinking about wasting your time going to an auction.  :'(
Hit your self twice when you win your first unit.  :'( :'(
Hit yourself 3 times when you bid over one thousand dollars on a unit.  :'( :'( :'(
Hit yourself 4 times when you declare you are quitting your current job or profession to do storage auctions full time.  :'( :'( :'( :'(
Hit yourself 5 times when you declare you are going to sink your retirement/life savings into starting up a re-sale/storage auction business.  :'( :'( :'( :'( :'(
Once hitting yourself doesn't hurt anymore you will be just like the rest of us and won't need advice!  :clap:

Alright serious advice for those who read on: Ready (looks right, looks left)

"If you were to put as much time, physical effort, & mental capacity that it takes to be successful with storage auctions, into whatever it is you are doing now; then you would become successful beyond your wildest dreams!  :72:

80
eBay / Re: Ebay Non-Paying
« on: May 07, 2014, 05:23:22 PM »
It tends to happen for me when an item goes hot and heavy on auction and gets up in the few hundred dollar range. Sometimes I think people get in bidding wars or try to run each other up on Ebay. Other times I think it's someone who sells the same product using a ghost account to purposely mess with my auction. :41:

81
3 times the money up to about $2000 then anything between 3x to 2x after that. Never less then 2x.

So a $500 unit, I really need to make $1,500; but a $2,000 unit I can live with $4,000 return.

But that's all best case scenarios since 20% of the units I do buy are break even or loss, and sometimes some of the other 80% can have returns of 10x. My best unit so far this year was a 40x return.

My average return last year was something a little over 2.5x. This year has been better, I think I'm running about 4.5x, heavily slanted by that one unit though.

82
Yes you can make a living at this but you will work your ever loving a$$ off! This is my only source of income so it can be done but it's a ball-buster. I can imagine a gifted person with incredible work ethic, sales skills, marketing skills, organization skills and in a large city with plenty of auctions and a large customer base with disposable income could make very good money. Like dbr831 mentioned, when doing this full time I really can't wait around for the great units. I have to buy every week and if it looks like it will make money I got to buy it. The bad thing about that is a person can get tied up in $100 units that only make $250 and get trapped in a "money in, money out" wheel until you get lucky and one of those $100 units scores $1,000-$2,000.

Part timers or hobbyist have the luxury of waiting around all month or several months for that one good unit. The bad thing is it looks good to everybody so a great looking unit might end up costing $2,500 and make $5,000 or it might only make $2,500 cause it wasn't as good as it looked.

83
Garage Sales / Re: What do you do if it rains?
« on: April 20, 2014, 06:02:19 PM »
Don't even chance it if it looks like better then 40% chance of rain...

84
Flea Markets / Re: Vendors with themes
« on: March 27, 2014, 08:11:24 PM »
The guys who look like they are making the most bank are the ones selling the imported fresh fruits & vegetables. Second would be the folks selling boxed & canned foods, soap, shampoo, detergent, etc, etc.
I think that side has become less profitable though since more people are going to pallet auctions. Years ago there would only be 2 guys selling that stuff, now there will be 10-12 people selling it.
Relatively same customer base, 5 to 6 times the vendors now.

85
Flea Markets / Re: What items sell best at your flea market?
« on: March 27, 2014, 08:05:41 PM »
Kitchen utensils, pots & pans.

86
I'm not going to give out the four things I look for to bid on a unit, but I will tell you four things I look for so I don't bid on a unit.

1. Rodent sign; droppings, urine smell, petrified carcasses.
2. Heavy pet sign; urine/b.o. smell, hair.
3. Rummaged boxes.
4. Mold/mildew.

I would add cigarette smell but then I if I did that I wouldn't buy any units so I got to pick my battles...

87
eBay / Re: What is the best DAY to begin an eBay auction?
« on: March 16, 2014, 08:57:36 AM »
Another thing to consider is how many people are bidding using the mobile app and autobid settings. This trend concerns me because I think it gives people the chance to bid and win items without fully reviewing the photos and description. It's time to start using that condition box to accurately describe your item instead of putting it in the down in the listing. I've got a hunch people are not reading the full description and just bidding by title, first photo, & condition box. Then if it ain't perfect they zing you on "item not as described." The last report I read said that 40% of my sales (final bid) on Ebay were from the mobile app (smart phones).

88
Craigslist / Re: Craigslist Crazies...March, 2014 Edition
« on: March 16, 2014, 08:41:06 AM »
Here is another one I can only assume is a craigslist crazy.....

https://seattle.craigslist.org/see/for/4375390659.html


Maybe if your asking $25 for an item that is readily available (not discontinued, still sold) you might want to remove the $12.99 price tag......just a thought.

He just has his haggle price built in, that's all.  :)

89
Stories about Storage Auctions / Re: Auction Scene #3....March, 2014
« on: March 12, 2014, 05:45:09 PM »
I have to say, the good news for the places I haunt is that there really doesn't appear to be a great influx of newbies this tax season. Yes, everyone is complaining that the "newbies" with "tax return money" are running up the units, but I consider myself pretty good at recognizing faces and there are some auctions that I recognize everyone there although some have not been around in a while, and other auctions with only a couple of new faces.

No, my opinion is the TENANTS are paying off more of their units so we just don't have very many units to bid on and 90% of them are moderate to garbage condition. Very few nice units coming up. Add to it because of tax season, the thrift store owners are selling a lot of inventory, especially furniture, so THEY are the ones running the units up because most if not all of them need to replenish their stock.

90
The Lounge / Re: WWW 25 years old !
« on: March 12, 2014, 05:25:31 PM »
I don't think I signed into the WWW until 2001! LOL!! But I do remember looking over my friends shoulder when he started in 1995.  :)

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