17 September 2012

How You Can Make Money On Storage Unit Auctions

By Morgan Lee


Storage unit auctions are becoming very popular due in part to all of the promotional activity that takes place on the internet and on TV. A lot of people have started their own business of buying merchandise at bidding events and selling the merchandise they buy at a bargain at marked up prices in order to make a profit. The person who has a little luck and is in the right place at the right time can make a decent income.

Look first storage centers in your locale. There is no need to rent a truck because there are a lot of storage centers in one's city one can contact and ask about bid events. Later, when one has established his business, one can choose to rent or even purchase a truck in order to transport the bargains he purchases at storage centers around his region.

Use the telephone book when looking for storage centers in one's locale. Contact each storage center and ask if the center puts up discarded items up for sale, and when the bidding events are scheduled. Make friends with the people on staff at the center and ask them to call when an event is scheduled.

One of the best ways to find bid events is to go online and use a service that specializes in finding storage center bid events in different regions of the country. Some online services charge for this search service, while other services are free to use. The person, who is serious about bid events, is happy to pay an online subscription fee because he wants access to the latest information that can help him make a profit buying goods at bargain prices.

There are many free sites on the internet for the person new to this business. But once one becomes successful one will want to pay for a service online to find bid events. The paid services provide more pertinent information regarding bid events, and the subscription fee will be made up quickly once one has bought bargain merchandise and sold the merchandise for a good profit.

When placing bids, bid from the head not from the heart. Do not get wrapped up in a bidding war. It is easy to start becoming too competitive and ending up paying more money for an item than one can resell the item.

Storage unit auctions are becoming a lot more popular due to the internet and because of TV advertising. Many people have gone into business buying left over items for bargain rates and reselling the items for a profit. The internet and the phone directory are two good resources one can use to find these profitable bid events.




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