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Making Money With Mini Storage Auctions And Research

April 11, 2012 | Comments: 0 | Views: 149

If you want to make money with mini storage auctions it is important to do your research on this great money making opportunity. It looks easy but there are some things that you must understand. There are tips and tricks that will help you be able to increase your earnings and come out in profit from your venture.

There are a lot of details to be learned about mini storage auctions. Research is important to getting the maximum benefit and maximum money from mini storage auctions. So research it first, this will help ensure that you make money.

As you go about your research, first concentrate on the auctions themselves by learning how they work. While you can learn about this online your best choice would be to go to a couple of auctions and observe. You will be able to see the bidding process and see the kind of merchandise you can win as well as how many bidders participate. If you are a little more adventuresome then actually talk to the winning bidders and find out their ideas as well, do they have a bidding strategy, why they bid on this particular parcel, and so on. This will give you direct knowledge that you need to be effective in this business.

Start out by looking in the papers for ads for upcoming mini storage auctions. Contact the hosting company and ask questions, do they only accept cash? Do they open the storage bins or are they closed? Do you get to view the items offered first? This will get you prepared and help you decide which auctions you want to attend.

It is unfortunate that many mini storage units are sealed and bidders bid on items that they cannot see. In other auctions you get to look in for a few seconds. What you see will help you bid. If you see antique looking furniture then you may have found a unit full of family heirlooms and if bid properly you will come out a winner.

In closed units it is easy to lose money, you may bid $100 and find nothing you can make money on. Don't bid on closed storage units until you gain some experience. After that it becomes a question of consistency. You may lose $100 on one but make $2000 on the next one. You learn by doing research and you can make this business work for you.

Remember the better information you have, the better you will do, so do learn about it, and do visit some auctions and observe before you dive in.

Drake Browning is a storage unit auction expert. For more information on storage unit auctions, visit

Source: EzineArticles
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