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Can Self Storage Auctions Make You Money?

The short answer is yes; the opportunity is there if you are a self-starting business minded individual. Let's face it; you're not going to find suitcases full of cash in an abandoned storage unit. But an entrepreneur will see the value in the stuff left behind where someone who's not of that mindset will only see junk. The trick is getting the 'stuff' at a ridiculously low price and then converting it into cash for a profit.

So, considering 'self-storage auctions' as a way to make money, let's break it down and look at it step by step.

1. Find local auctions. Storage facilities are not hard to find, in fact, you may pass 2 or 3 every day just going to work. Stop by or call and inquire about their next auction. If there are large storage companies in your area such as Public Storage or Atlantic Self Storage, visit their website and search for auction locations.

2. Attend the auctions. You may just want to be a spectator at a few auctions first just to get a feel of things and learn the specific rules and bidding procedures.

3. Participate. Jump in, throw some money around, and see what happens. Just kidding, you'll want to approach this as any business person would. Set a spending limit and do not exceed it. Do your best to appraise the items within the storage unit and estimate their value. Then use a simple calculation to determine your maximum bid. A good rule of thumb is 1/10 to 1/5. So for example, you determine the contents of the unit will fetch $500 in the market, 1/5th of $500 is $100, 1/10th is $50. So your initial bid is $50 and your max bid is $100.

4. Take possession of the items. Of course, you'll have up to 48 hours to clear out the storage unit and haul all of the stuff away. The main objective of the auction to the storage facility is to empty the unit, recoup some of their losses and move on.

5. Now it's time to cash-in the items you bought. There are many ways to do this. You can use online auction sites like eBay or online classified ad sites like Craig's list. There are also consignment stores or pawn shops. And you can sell at a flea market, yard sale or garage sale.

So, to sum it up, self storage auctions are a viable money making opportunity. The process is fairly simple but no promise of easy money is evident. Can you find a mint condition '67 corvette buried under boxes in a storage unit you purchase for a $100? Sure, it's possible, but it's better to start out with a more reasonable expectation and stick to a plan.

Does the idea of finding hidden treasures at storage unit auctions appeal to you? Arm yourself with information before you get started; you'll find enough free info at http://www.selfstorageauctioninfo.com to make you a formidable auction hunter.

Article Source: [http://EzineArticles.com/?Can-Self-Storage-Auctions-Make-You-Money?&id=5747012] Can Self Storage Auctions Make You Money?

Answered Questions About Storage Unit Auctions

With the economy the way that it is, and a huge number of people being displaced from foreclosure, self storage companies are booming right now. Folks need a place to store their stuff while they are in this transition. Of course, there are a number of other reasons people store things in self storage units but the economy is to blame for this increase in popularity.

Unfortunately, a number of people are having a tougher time than others and once they get their belongings stored, can't or won't make the monthly payments. After being in default for a period of time, the storage company can put the contents of the unit up for auction.

The base rules are nearly all the same for these types of auctions:

The Unit up for auction remains sealed until the time of the auction.
All participants must register for the auction in order to bid.
Once opened, no one can enter the unit or touc any of the items. They can only look through the door.
The winner has 24 to 48 hours to clear out the unit.

So, I get that the auctions are real and necessary but is the opportunity to make money real or just a bunch of hype to make some TV shows popular?

Yes, the opportunity is real but like most businesses, success comes through determination and persistence not luck.

Why would I buy someone else's crap that they don't want and I won't even know what I've bought until I pay for it?

Most people do not pay a monthly fee to store garbage. So you can be reasonably assured that many of the items in the unit have some level of value that can be converted to cash. There are no guarantees though.

Ok, so how do I convert this stuff into cash?

Online auction sites like eBay, online classifieds like Craigslist, local newspaper classified ads, yard sales, consignment stores, pawnshops, etc.

What's the risk?

The risk is not being adequately compensated for the time and effort and money spent. Knowing how and what to bid and when not to bid are the keys to minimizing risk.

Is this going to be worth my time?

It can be, I have paid $100 for a small unit and converted it into nearly $4,000. Do that once a month and you'll have a nice part time income.

To learn more about how You too can make a nice part-time monthly income with abandoned storage auctions, visit [http://www.selfstorageauctioninfo.com]Self Storage Auction Info to get started.

Article Source: [http://EzineArticles.com/?Answered-Questions-About-Storage-Unit-Auctions&id=5...] Answered Questions About Storage Unit Auctions

Starting a Carpet Cleaning Business - Truck Mounted Unit Vs Portable Extractor

Starting a carpet cleaning business is the subject of the last few articles I have written and today is the subject of truck mounted unit verses portable extractor units. For many looking to start their own carpet cleaning business this is the most important step in the whole process, this is the "money maker". Here is a simple review of both units.
As one who has worked countless years with both the truck mounted unit and the portable extractor machine, I hope to make the decision for those wanting to start a carpet cleaning business a bit easier in this particular area. Truck mounted units first off come with a much heavier price, and an even heavier price when it comes to choosing your business with a giant franchise business. The price however does not reflect however the overall performance as you will see. These machines do add up to a certain professionalism though when pulling up curbside to the job itself however, and this business is all about professionalism. The other plus is the fact that the machine is stationary and allows for a shorter time spent at each job. But is this worth the price paid? That is a question to only be determined by you and what you can afford.
Portable extraction units do have less of a professional appeal and to be honest, this should not exist. Many business owners with the truck mounted units in larger cities carry both due to the numerous high rises. This fact of functionality should put that uneasiness to rest with the portable unit. The other fact that is so alluring with this choice is the basic fact of cost when starting your carpet cleaning business. Today, and in this economy, choosing a portable unit is not only smarter, but to tell you the truth...the better choice. It has functionality, and the professionalism should come from you, not the machine or tool you use.
For those of us who have been around and successful for any amount of time in this industry, either of these carpet cleaning units are effective and can get you where you want to be. "It is not the tool...it is the carpenter" is what my grandfather used to say, and in this matter it is very true. When starting a carpet cleaning business the fact of whether you use a portable or truck mounted unit should not matter, professionalism and quality work is what makes this industry so lucrative, and the fact that in this economy many choose to hold onto the carpet they have, and spend money on just the upkeep instead of throwing out the old.

Through proven training and solid effort, David J. Boozer has transitioned from a successful top Insurance Producer to a successful Online and Offline Business owner and Entrepreneur. To learn how to find true marketing success online and the potential of creating a lasting and passive income from home please visit David at [http://www.carpetcleaningentrepreneur.com/]CarpetCleaningEntrepreneur.com

Article Source: [http://EzineArticles.com/?Starting-a-Carpet-Cleaning-Business---Truck-Mounted...] Starting a Carpet Cleaning Business - Truck Mounted Unit Vs Portable Extractor

Some Unique Home Business Ideas

There is bright future for this kind of business which is run from home. More and more people are indulging in work from home engagements to earn their livelihoods. This has been possible due to the abundant resource provided by the internet, which majority of the people have utilized to their advantage. Both online and off-line channels are being used by people to do business and earn handsome profits. Mentioned below are few ideas, which are taken up by many people across the world to earn and pass their free time as well.

A new conception is the inclusion of designing gift baskets as a profitable venture. This is specially suited for people who are creative in gift packaging that are sold from shops. You have to contact different gift stores for serving them with your creative design of gift baskets for various items. This is a cent percent creative kind of work and people with this special knack can expect to do very well in this venture. If you can impress with your creativity and design, you can create a special name in this field and earn positive results in this line of home based business.

Another important sector is the child care, which has a rising demand in the market. If you are experienced in this segment and can arrange to institute a child care unit at your home, you will definitely be doing very well both for the society and for self earning. You earn respect from the neighborhood, when you open a unit of this category.

Your experience will play a vital role in making parents to have faith on your unit. If you really love children, there is no second thought than to open a child care unit and start your home based business. Space is significant which you must arrange with proper amenities for children to play and rest. You need to acquire a license from the authority for this kind of business and different states have separate guidelines for the same. Units are regularly visited by government agencies to check the facilities and standards which you must keep in mind. [http://www.youtube.com/watch?v=TM7AIi39__o]YourNetBiz is a wonderful home business, when all of the elements are right for you. It can bring you real money and time freedom and these are a couple of the many reasons, why people are attracted to [http://www.youtube.com/watch?v=TM7AIi39__o]YourNetBiz.

Article Source: [http://EzineArticles.com/?Some-Unique-Home-Business-Ideas&id=4091437] Some Unique Home Business Ideas