Show Posts
1
Reality Shows about Storage Auctions / Re: Storage Auction TV Show Coming Soon on Spike!!
« on: December 02, 2010, 04:15:28 PM »
I have watched both shows and found them entertaining and informative.
Auction Hunters shows a statement on screen that these are their exceptional finds.
The guys have said they use an 80/20 rule. 80% = trash 20% profitable.
Also on the last show they said they hit the auction scene hard in the LA area for 8 weeks without o solid profit yet.
Storage Wars was like deja vu. Saw whale act the same way as "The Mogul". Also saw an entire small restaurant sell.
Lots of people and only a few serious bidders.
If they plant items who knows. People don't pay their bills for multiple reasons, including stupidity, laziness and death.
These shows will bring more people to auctions, so deals will be harder and harder to get.
The pro's will drive up the price on crap rooms and drop them on the rookies so they can't bid on the good rooms.
New people, like me are going to find that learning this business is going cost $$$. Making a mistake will cost you even more $$$$. An education is never free. Watching a show might get you motivated, but lack of experience and knowledge will cost you big time.
These show may at some point start show their mistakes as well. They need to build up ratings and viewers first, and things that make people go wow will do it.
Auction Hunters shows a statement on screen that these are their exceptional finds.
The guys have said they use an 80/20 rule. 80% = trash 20% profitable.
Also on the last show they said they hit the auction scene hard in the LA area for 8 weeks without o solid profit yet.
Storage Wars was like deja vu. Saw whale act the same way as "The Mogul". Also saw an entire small restaurant sell.
Lots of people and only a few serious bidders.
If they plant items who knows. People don't pay their bills for multiple reasons, including stupidity, laziness and death.
These shows will bring more people to auctions, so deals will be harder and harder to get.
The pro's will drive up the price on crap rooms and drop them on the rookies so they can't bid on the good rooms.
New people, like me are going to find that learning this business is going cost $$$. Making a mistake will cost you even more $$$$. An education is never free. Watching a show might get you motivated, but lack of experience and knowledge will cost you big time.
These show may at some point start show their mistakes as well. They need to build up ratings and viewers first, and things that make people go wow will do it.
