Fun & Profits with Storage Auctions
Several years ago after having lost some valuable items stored in a storage bin, I learned that unpaid mini storage bins are sold at auction. There are basically 2 types of auctions that are conducted for the storage units. One is whole bin storage auctions and the other is piece by piece auctions. The storage auctions I am going to discuss in this article are the whole bin storage auctions.
When you attend a whole bin storage auction you will see just how quickly it is conducted and over. You might show up at 9:50 am, and the auction start at 10:00 am, and at 10:30 am the auction is over. Five or six storage bins have already been sold. That’s pretty fast.
The fun part for me is the idea of treasure hunting. Storage facility auctions can sometimes reward you with some great treasures. On the other hand it could provide you with a lot of junk that you are responsible to dispose of. But over the years I have made a lot of money, and I have filled my home several times over with items I’ve kept from storage auctions. I say several times over, because I can keep something for a while then replace it with something else later, and practically for free. I made my money back and then some on the other items that came from the auction.
If you were given the opportunity to go through people belongings without getting into trouble, would you be the type that is curious enough to do it? These storage auctions are the curious minded persons dream. You not only get unique silent auction ideas to own all the items that are in the storage unit you win the bid for, but you also get the fun of rummaging through the drawers and cabinets to see if there is a hidden stash of jewelry somewhere. I have found money in pockets, and jars of change. Once I found a stash of thousands and thousands of old wheat pennies. Some dating back to as far as 1909.
If you like clothing and would even like making money in used clothing then you have found the niche you have been looking for. You have never seen the likes of clothing that you can get for a song. Often you will find clothing at the storage auctions that still have the tags on them. I have clothed my family for years, and often with top brand named clothing too. At one time I was getting a few hundred dollars a month from a consignment shop. The possibilities are practically endless with things you can do with the clothing. My wife at one point saved jeans that we did not sell to make denim quilts with. My mom is a seamstress and has gotten hundreds of buttons from me simply from the clothing that is not worth keeping. The ideas go on and on.
I think over the years I have gotten enough restaurant equipment to start my own restaurant. At one storage auction I got stacks and stacks of Pizza Hut type deep dish pans. That was years ago. I gave some to friends and sold dozens and dozens of them on eBay. I still use the ones I kept frequently. I just can’t say enough about the fun and profits that I have gotten from storage auctions of the past 10 years. I have not stopped using storage facility auctions as a part time and sometimes full time business since I started going to them 10 years ago.
If you are looking for a great opportunity to have a lot of fun, and possibly make a lot of money too, you might consider the storage auction business for you. With the high cost of living these days, the idea of getting a lot of your clothing for pennies, and making some money from your home based business is just good sense.