While most industries struggled in the past months under a recessionary period, the storage auction business has emerged from the shadows to become the unlikely boom industry in the American economy. This sunrise industry is growing fast and is expected to become an important money-making activity in the future.
The storage auction field has broad appeal because it requires little seed money but yields an astounding amount of profit. Everyone can also make good at it whether you are a newcomer or an old-timer, a moneyed or penniless would-be investor.
You're looking for a profit-making venture where the playing field is level? This is storage auction, which is worthwhile to go into even under a harsh economic climate.
What puts players on an even keel during an auction is the fact that nobody knows what's in the unit being auctioned off until it has been bought and opened. A typical unit may be up for sale for a minimum of $10 up to a maximum of $600. But the bidding price is of course higher if the auction involves home lots, cars or antique jewelry. The auction is usually held because the owners have outgrown their use of these items, or they are getting rid of these items in favor of new ones.
Whatever the nature of the auction and its costs, it is always guaranteed that you can get your money back and even obtain five times more than what you paid for the auctioned unit if you know where and how to dispatch the items. There was a new player who paid $20 for a unit whose contents were later sold individually and gave a total of $5,500 earnings. The unit contained vintage clocks, cameras and rare vases.
There are storage auctions where the items being sold are announced beforehand and there are self-storage auctions where you have no idea of the items being auctioned off. It is the latter type of auction which promises the biggest reward for the least investment. It's the element of surprise that enables players to get goods worth thousands of dollars at an auction cost of much less. In many auctions, the most valuable items such as antiques and vintage decor are in the box and cannot be seen from the outside.
The secret to making good in storage auction is to know the techniques of making quick calculations on which units will give the highest profit potential based on what your eyes can see. You can't decide according to size because in many cases, it's the smallest units that provide the most profit. As the saying goes, good things come in small packages.
The most profitable goods that come from storage auctions are those that require small boxes such as silverware and signature clothing.
At present, there are more than 60,000 storage facilities worldwide, of which some 95 percent are in the U.S. The rest are in Canada and Australia, with hundreds of chain storage and independent groups being opened every year. This means more and more storage units are going for auction.
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