Recently, I have noticed several websites selling e-books that claim to reveal hidden ways to make a fortune at storage auctions. Allow me to be blunt; there are no hidden methods to the storage auction business, there are just things you may not have learned yet. If these self proclaimed gurus were making so much money in the storage auction business, why aren't they still doing it? If they were doing something different that was making themselves rich, why would they want their competition to know about it? Besides, how can you trust a word they say about the storage auction business when their main goal is to sell you something?
Of course they're going to tell you that everything is just peachy keen in the storage auction business, they make their living off of selling you their books. They'll even tell you that you can buy units for pennies on the dollar. They won't tell you that ever since the storage auction reality shows premiered, the number of buyers attending storage auctions has tripled and that most storage units are selling at or above retail cost. These prices are fueled by the buyer's hope that there will be some unseen treasure inside the unit. Don't get me wrong, there are still ways to make a profit in the aftermath of the storage auction reality shows; However, we will cover these tactics in other articles.
There is one guy out there trying to teach you how to avoid storage auction mistakes, well, paying for a book should be #1 on the list. Some of these sites even claim that you only have to invest a few hours per week. I recently read the following statement on one of these websites - "Anyone can now make tons of cash working a couple of hours on the weekend & without quitting your day job! My response to this is, yeah right. This is a full time job which requires lots of time and physical labor. The people that are truly successful in this business attend auctions five, sometimes even six days a week and they aren't afraid to get their hands dirty.
Although I personally don't consider attending storage auctions to be work, because they can be a lot of fun, you have to consider the amount of time you have to spend at these auctions. Also consider the time involved in doing research, cleaning out units, sorting through the contents, taking pictures, posting items online, answering phone calls, meeting with customers & having sales. This can easily add up to over eighty hours per week.
Now, don't get me wrong, you can do this business part time, but even part time is twenty to thirty hours per week minimum. If you make this your part time job, don't expect full time income.
Truth be told, you don't need to buy a book to learn about the storage auction business; you can learn everything you need to know about the storage auction business right here. Keep in mind, I am not trying to sell you a book or a learning course. The reason I'm not selling this information is so you can trust that all content on this website is completely objective.