Can You Make Money Buying Auction Storage

Here is a home business concern to practice as a 2d income or side hustle that most of the family can do together.  Take y'all always watched the television show, Storage Wars?  Well, that is what this is in real life with more details of how it all works from finding the sale all the style to reselling the contents.  Our family took a gamble in 2013 and started buying abased storage units and selling the items within to make money and now you tin too!  You tin learn how this business works so you tin can succeed and not lose money on your next storage auction purchase.

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Buying Abased Storage Units

(Card of Related Manufactures is below)

This concern works great as a part-time chore.  In that location are auctions during weekdays and weekends to accommodate your free fourth dimension to piece of work it.  In our family, Dad works a full-fourth dimension mean solar day job and some of the older children piece of work part-fourth dimension jobs.  Dad and a child attend the auction while I am at home with my piddling ones (we have eight children). If a unit is purchased, Dad and his helper will load what they tin can into the vehicle or trailer and bring it to our habitation.  The other older children help unload and sometimes bring in a box of toys for the little ones to discover new treasures (what stays has to be approved by Mom and fit into our toy storage containers – sometimes former toys need to go).

Yes, nosotros detect toys in units! Notice the Legos in their original boxes in the dorsum correct corner. We made money on the other items and the kids kept the Legos. Mom kept the Thirty-One owl rectangular bag on the dresser besides!

While the trivial ones are happily engaged with the new toys, at our big dining room table that seats 10, Mom starts to go through totes and boxes throwing away the garbage and finds the resell-able items and makes decisions on what items to continue in our home.

A child brings boxes in to Mom and takes trash out.  Some other child helps the "littles" sort through the toys. We beloved it when we find Lego Ninjago or Breyer model horses every bit our children collect them. Dad and a different child will go get more and make clean out the unit.  When we are all home, we all have a job to practise until everything is sorted and organized.  Nosotros will brand a trip to the dump with the trash.  Then, we brand sure all items are listed online or are prepare to take on trips during the week to trade for money.  Some items go on eBay, Craigslist, Etsy, to online auction sites, pawn shops, etc. We plan our trips, and go the money!

You can't go in the unit, so y'all are behest on what you see from the door. We have learned to have laser focus and so we can zoom in on what is valuable and see things that our competitors may not be watching for.

You can simply look from the door, but try to zoom in and see what others don't in there. After winning an sale, other bidders often ask, "What did you lot come across in there?"

There is so much to learn!  We need to consider the costs of startup, notice the storage auctions, auction etiquette when buying storage rooms or lockers, what happens at an auction, how to store the items from storage units, how to wisely go through the items and sort them, what to practice with photographs, how to sell each type of item, what to practise with items that won't sell and how to go on runway of business income and expenses for tax purposes.

Don't worry, I take been at that place and can assist you learn all about this.  Keep in mind that our auctions are in Wisconsin and Minnesota because they are all inside a few hours of where we alive.  Your sale feel may be different from ours.  You may not have to stand outside in freezing atmospheric condition and snowfall to attend your auction in January!

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Check out other posts on this topic:

Preparing to Buy a Unit – Realities of the Treasure Hunt

Evaluating Time and Space with the Abandoned Storage Unit Business

How much money will I need for a storage unit auction? (Budgeting)

What do I bring with me to storage auctions?

How exercise you find storage auctions? (Research)

Which Storage Auction Exercise I Pick To Go To If Two Auctions Are The Same Day And Time?

Storage Auction Day Before the Behest Begins

Winning Storage Auctions & More

Cleaning out the unit you won at a storage auction

Storing Your Storage Auction Purchase

Sorting Your Storage Auction Items

Selling Storage Auction Items

How To Go on Your Storage Unit Items Safe

The Best Way To Pack A Storage Unit

Taxes and Privacy In Storage Auction Resale

How To Resell Children's Items Found In Storage Auctions

STORAGE AUCTIONS DURING THE COVID-19 OUTBREAK

Acquire all almost the abandoned storage auction resale business in our volume.

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