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Messages - MikeMilez

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31
Welcome to the Online Storage Auctions Forum / Re: Hello from California
« on: February 21, 2015, 12:26:23 AM »
I've been trying to figure out how many sales a book gets based on it's Amazon Best Sellers rank. If you don't mind, how many sales do you get per month? I'm guessing that since things have died down it would be lucky to get 1 or 2 sales per month, but maybe I'm wrong.

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If they're using SUAL's content, it should probably say "Underpowered By."

I subscribed to them for a few years and had a pretty good experience. I would meticulously plan my route for each day and I used at least 10 different sources and they seemed to always have 90% of the auctions on their site, while other sources would typically have around 40-75% of the known auctions.

Is there a better site that maybe I don't know about? -aside from the local auctioneer lists and "private" auctions. By private, I mean the ones that really flew under the radar and would draw maybe 10 to 15 regulars vs 50 to 100 newbies.

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Welcome to the Online Storage Auctions Forum / Re: Hello from California
« on: February 20, 2015, 09:55:43 PM »
Thanks for the offer, but I already have my domain. Is your book online? If so, what's it called and where is it? Maybe I own a copy. I bought some back in 2012 but I think they were all from Glendon Cameron. Also, how much is an ISBN?

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Weird & Wacky Finds / Re: Opened the box and .... Awww Noooo!
« on: February 20, 2015, 09:46:17 PM »
I'm the type of person that doesn't mind getting his hands dirty... but there is a line, and one day I crossed it. My partner and I were going through a female unit. She was probably some sort of prostitute because it seemed that all she had was purses and stripper heels. The stuff was mostly clean so I start grabbing purses and searching through them. Each one had different stuff, but nothing really exciting. I'm opening zippers, digging my fingers into pockets, etc, looking for some cash, but nothing worthwhile seems to be coming from any of these bags. Because there were at least 30 purses, I start to get a little complacent and dig through them while talking to my partner, not really looking at what I'm touching. At one point, I grab something with my left hand and pull it out, while talking to my partner about whatever he is going through, and then he just looks at me funny. Not thinking, I ask "Why are you staring at me like that?" He glances towards my hand and I instinctively look down at it. NASTY VIBRATOR! I'm standing there, naked hand grasping a dirty used hooker submarine. Needless to say, it was one of my nastier moments. Fortunately, I have a giant jug of hand sanitizer, but man... mentally it wasn't enough to remove whatever germs may have jumped ship onto my skin.

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Weird & Wacky Finds / Re: Just when I thought I had seen it all
« on: February 20, 2015, 09:35:59 PM »
I have to say, I've never seen anything like that before! I once had a unit with built in shelving (lots of it) that I had to remove as part of the unit, but a floating TV... not once.

36
The Lounge / Forum Login Timeout
« on: February 20, 2015, 09:32:47 PM »
Is there anywhere I can change the timeout settings for my login? I have lost 3 pretty long posts already because when I hit submit, it asks me to login again. If I click back, my post is there, but before I can copy and save it all, the page refreshes again and it goes away. By the time I login, my post is gone and then I'm really not in the mood to re-write everything.

37
I see it now. I contacted StorageUnitAuctionList to see if they are indeed affiliated with the site. I have a feeling "Powered by" means "We steal content from"... but I could be wrong.

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Welcome to the Online Storage Auctions Forum / Re: Hello from California
« on: February 20, 2015, 08:34:45 PM »
I had made a post in the General area titled free e-book offer or something like that, and then it was gone. Maybe I never fully submitted it, but either way, I still felt like maybe I was being to spammy anyway, by just coming into the community and promoting myself only. I have been studying a lot of product launch marketing stuff online and sometimes I get caught up in that mentality instead of remembering I'm just a regular dude and not some hype expert, haha.

When I was neck deep in running the business I never had much free time to participate in online communities like this one, so I kind of feel like the new kid on the block around here, even though I have tons of experience. Anyway, I don't want to ramble on.

As far as the ISBN's go, I'm not sure if I need them just yet, but I'll definitely keep that in mind. I plan on doing Kindle and CreateSpace, but if you can tell me what would be better I'm all ears!

Oh.. and for those interested, you can sign up at the following address to get notified when the book will be available for free:

http://StorageAuctionAuthority.com

...also, sorry if it seems gimmicky. Like I said, I've been studying a lot of marketing and product launch information lately!

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Welcome to the Online Storage Auctions Forum / Re: Hello from California
« on: February 20, 2015, 06:29:56 PM »
Interesting, your experience in the business seems very similar to mine. A lot of trail and error, and keeping pace with seasonal changes, and longer term trends.

I didn't have a problem keeping pace, I had a problem with wanting to expand too quickly. Having a 5000 sq ft warehouse, and then a 2000 sq foot retail store split between 2 of us was just not cutting it. I made the dumb decision to close the warehouse and focus on the new retail store. Except, there was zoning in place that didn't allow thrift stores, so we focused on antiques and collectibles. We lost a majority of our previous customers and had a hard time finding new ones. This, with waaaay more overhead depleted me of all of my savings. Instead of $0.25 per sq ft at the warehouse, I was paying $1 per sq ft AND bringing in less money. We rode it out for a year hoping we could build up the newer business model, but it failed miserably and I filed bankruptcy.

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I'm definitely interested in this. I have a lot of great, original content I can share with your blog readers.

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In the beginning, if you can’t afford warehouse space, your next best thing will be storing and selling out of a storage unit, or two, or three, or four, etc. At my peak, I had three 10’ x 30’ storage lockers, and a pretty good system at that. I kept all the ready-to-sell furniture in one, the ready-to-sell “smalls” in another, and the third I kept for processing. This set me back roughly $650 per month, but I was making enough keep going. Note: I always put my profits back into the business so that I could grow it. If your loan, savings account, or significant other’s salary is enough to support your bills, I suggest doing this.

So, using storage lockers as storage sounds great right? No, not entirely. First and foremost, although you can now have buyers come to you, you will still have the problem with Craigslist buyers who show up late, or don’t show up at all. But, you can keep working in the meantime. Another downfall is there may be no electricity, lighting, or Wi-Fi access in order for you to post new items online. Let’s just say my smartphone got a workout!

In addition to those problems, you are also limited by the hours of the storage facility. Fortunately for me, because I was an LLC, the storage manager let me access my storage unit’s 24x7, which was great.

If you do decide to go the storage unit route, I recommend:

•   Sign up for the storage units with your business name!  This gives you some leverage and the possibility of 24x7 access to your storage locker(s).

•   If you are getting multiple lockers, try to get them as close together as possible. I had two, right next to each other, and a third that was a hike away, which wasn’t very convenient.

•   Get a system going before you max out your storage. I suggest having one locker for processing and one locker for selling.

•   Leave an aisle in all of your lockers so that you can get all the way to the back. You don’t want to block yourself from selling your inventory. Sales are the life-blood of your business.

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New to Storage Auctions? / Re: Online vs. Live Auction
« on: February 20, 2015, 06:06:37 PM »
I think this business takes a gambler's mentality. Once you learn to "count the cards" and fold when appropriate, the odds are in your favor.

That's great advice. Sometimes the best tactic is to know when not to buy, vs knowing when to buy.

As far as online vs offline, I've personally been burned more than once by online auctioneers taking misleading photos of units. There was one that was 10x30 full of boxes. They took pictures inside of 10 boxes, all of which had decent household items. I bought the unit and was shocked to discover that the remaining boxes (and there were like 100) were ALL full of paper documents. It would have been clearly obvious to the auctioneer who took the photos, but they chose not to include those in the online auction.

Another time, I got burned because I couldn't smell through the internet. While the photos looked good, everything in the unit smelled like it had been part of a homeless camp - dank, cigarette smoke, urine, feces.  I don't know, it was just disgusting.

Those are just a few possibilities when it comes to online auctions. I have gotten good at paying attention to the details. If say, there's a close up of a nice looking dresser in one photo, I'll find that dresser from a different angle in another photo and see that, oh - it's missing a drawer, or the side is all jacked up, etc.

If you're just starting out, go to live auctions with no money and just watch and learn for at least a month.  Get to know people. Find out how they did on a unit. Eventually you'll start to see what the pro's are buying vs what the newbies are buying.

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Welcome to the Online Storage Auctions Forum / Hello from California
« on: February 20, 2015, 05:57:51 PM »
Hello everyone, I've been doing storage auctions for roughly 10 years. 8 of those years were as a side hobby, and two years as a full fledged LLC. To make a long story short, when the economy tanked, I lost my full-time career job and had to take action fast. Since I was already doing so well with storage auctions as a hobby, I took out a loan against my retirement and started my own storage auction business.

Within a short time, I was making over six grand per month consistently for an entire year. Then I made a huge mistake and closed my original warehouse in exchange for a retail location with more overhead, less space, and zoning restrictions that led me to change business models and lose my loyal customers. This eventually led to filing bankruptcy… ouch!

I learned a lot along the way - what I did right, and what I did wrong, and I'm currently putting it all together into a book. I know there's already a ton of books on Amazon, but from what I've read, most of them aren't that great and don’t provide real sound advice about starting a legitimate business. It’s my goal to address as many of these issues as possible to take someone from hobbyist to professional, while balancing the needs of newbies and seasoned pros.

At this time, I have no definite release date. The book is mostly done. I’m just working on some finishing touches and learning exactly how to self publish on Amazon Kindle. However, I always love a good challenge and know it’ll be worth it if I can help at least one person. I would like to get this book out to as many people for free as possible, but I’m not going to post a link in here because I tried once already and the post was deleted. I’m sure it came off as spammy which I didn’t intend.

If you have any questions, post them here and I’ll do my best to get back to everyone. Also, to be clear, I don’t pretend to be some super storage auction guru. This is just my experience, what I have learned, what I know that works, and what I know that doesn’t work. I’m definitely not rich, and in fact, I’m presently quite poor. This book is just a personal passion that I have been working on for the last 6 months.

I hope I can be of help to anyone on the forum. I don’t mind answering questions about my personal life or my business. Everything is a learning experience, good and bad!

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Just about every time. I think it's part of the rush, and the thrill of buying a locker. I can't tell you how many times I anxiously peered around hoping nobody would outbid me on a locker. It's that moment when you hear "sold" and the auctioneer is pointing in your direction that you get the ultimate relief.

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General Storage Auction Talk / Re: Are you the silent bidding type?
« on: February 20, 2015, 05:22:35 PM »
I have always been the silent bidder type. In addition, I would work with someone else to get a bid in under the radar when others would try to get my locker. Sometimes I will move around during bidding and act disinterested until people would stop watching to see if I bid. I would toss in a bid while they weren't looking and then immediately turn around and continue to act disinterested before they could look in my direction to see if it was me that bid or someone else.

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