Mini storage auctions are a popular way for people to make money. It is possible to make money by purchasing the entire contents of the mini storage unit and then selling the items. A mini storage auction requires a plan. The first thing you should do is make sure the auction for mini-storage is close enough to your home to allow you to profit. Fuel costs are high today so you will have to pay to get the contents of your mini-storage to you. You should consider this before heading to the auction. A large fuel bill can quickly wipe out your profit.
Arrive early and make the most of your views of the unit. You won’t have enough time to register or find a place to stand if you arrive 10 minutes prior to the auction. You should start your mini-storage auction with plenty of time so you can peruse the lots, check out the area and sign up. Arriving early will allow you to have time to ask questions. You will not be able to ask any questions if you arrive late. Everyone is busy, and won’t have the time to answer your queries. You can ask questions by phone and confirm that the auction has started. It’s important to understand the payment methods accepted, the auction process, and when you need to remove everything from the unit.
Blind bidding may be available at mini-storage auctions. You should know how much the transport of the contents will cost and the risks you are taking before you bid. You may, for example, bid blindly at a mini-storage auction only to find that the unit is full of garbage and you are now responsible for disposing it. To make money with your mini-storage auction, you’ll have to know some basics. You’ll also need to be aware of the local market for household appliances, antiques, and furniture. Look for mini-storage auctions that store items with namebrand products or boxes that clearly labeled.