Before we go anymore, I want to tell you that the business business has been the same since the warehouse auctions reality shows premiered. There have been a lot of new buyers who participated in storage auctions across the country and bid amounts have doubled, even tripled at some auctions. Having said that, it has become more difficult than ever to buy a storage device at a reasonable price.
The increase in bid quantities is directly affected by these storage auctions, which show hidden taxes in almost every storage device. Now, I do not suggest you can not find any amazing things inside an abandoned storage device, it does not happen as often as you want. You may have to buy twenty or more storage devices before you find a really expensive item, but it will happen. Just in the last year I have bought over 100 storage units at auction. Although there has been a lot of work, I managed to make an impressive income while getting some incredible things for myself.
If you are a treasure hunter, please take what I want to tell you literally. You must pay your fees. Most storage devices contain common household items, furniture and clothes. Sometimes you also see leftovers of a failed business or device containing bulk goods. While this may not be as exciting as a civil war rifle or a sure full of expensive jewelry, these common items can really be profitable if you have a way to sell them quickly. Most professional storage auction buyers have resale stores, internet-based resellers, garage sales or a location on the local flea market. These places are all great ways to make common goods to profit.
Once in a blue moon you hit the jackpot. It has happened to almost everyone who has been in this business for a long time. I remember the first time it happened to me and since then Ive hunted that feeling. When I first entered the business store, you assume you could say I had the good fortune of beginners. At my third auction, I put every penny I had in a storage device that I thought had a very expensive product in common sight. What I thought was a very expensive product turned out to be a great piece of scrap, but Im glad I bought the unit.
After I realized that this was almost worthless, my heart fell because I thought I would lose money on the device. After an hour of sorting through books, clothes and paperwork, it started to look gloomy. And then a strange black fall took my eye. I open the bag and inside was a classic guitar from the 1960s. Things looked up. After a little more removal, I noticed a big fireproof in the back of the storage unit. The security was locked, so I rolled it to my truck and put it in the back.
When I got home that day, I was still quite happy with my findings. I came on the internet and went to Ebay to see if I could find a guitar similar to mine, to determine the value. There were several for sale just like that and it was worth a beautiful penny. The next day I bought the box to a local safe technician to have it opened. I really did not expect to find much inside the box because I had moved the safe around and all I could hear inside was a little loose change. The safe technology could call the manufacturer and get the factory combination directly over the phone. After a few rounds of tumbler, the safe door opened right up. The security was filled to maximum capacity. The first box I opened had gold jewelry inside. I immediately closed the checkout and thanked the safe technology.
When I got home, I opened the checkout to find out the content. Box after box contained gold jewelry and collectibles. After researching a little longer, I found a coin collection from the 19th century, a stamp collection, World War I and memorabilia and an antique revolver. I also found a box full of antique clocks from the 19th century. Although devices such as this are unusual if you pay your fees, its only a matter of time before you find a device that makes all your hard work worthwhile. If you are new to the business business, its a good idea to learn all you can before you buy your first storage device.
So you can really find hidden treasure on the storage device auctions? Yes, but be prepared to invest a lot of time, money and energy and do not expect results overnight.