Are Online Storage Auctions for You?  Take Our Quiz

October 16, 2017

by Genevieve Anton

Online storage auctions are a fun and potentially profitable way to find reasonable items you can keep for yourself or resell. Many people make money selling the contents of storage units on eBay, Craigslist, yard sales and flea markets. You can also sell items from your own online or offline store. You never know what you might find at storage auctions. Online storage auctions let you bid from the comfort of home. However, online bidding sites aren't for everyone. Take the following quiz to find out if an online storage auction is right for you.

1.  Do you enjoy the TV show Storage Wars?

If you're not familiar with it, you might want to check it out. This show has popularized auctions for storage units. Online storage auctions are similar only you bid at home rather than attending a live auction.

2.  Have you always wanted to be a treasure hunter?

Online auctions provide a certain amount of suspense and thrill of searching for treasures. You do see photos of storage units before you bid, so it's not a total mystery. However, it's always possible to find something unexpected in the mix that's fun, useful or valuable.


3.  Are you looking for a way to earn extra money in your spare time?

When you buy the contents of storage auctions, you often have items you can resell. This can turn into a part-time or even full-time business.


4.  Do you like the convenience of shopping online?

Online storage auctions are similar to live auctions, only you do the bidding online. This is convenient and saves you the trouble of attending auctions in person.


5.  Are you addicted to eBay? 

eBay is like online storage auctions in that you bid for items online. The difference is with storage auctions, you're bidding on multiple items that go with a particular storage unit. eBay works well with storage auctions as you can always resell individual items (or a set of items) on eBay. If you're familiar with eBay, you'll find the whole process simple and familiar.


6.  Are you looking for an economical source of furniture, office supplies, tools or electronics?

In addition to selling what you buy at auctions, this is a good way to find items you can use yourself. Simply search for auctions that have what you're looking for. Of course, you can still sell what you don't want yourself.


7.  Do you have an entrepreneurial spirit? 

Buying items at online auctions is interesting for people who own their own business or who have always dreamed of doing so. This is something you can do on your own schedule and based on your preferences. Of course, this also means you need a certain amount of self-motivation and organizational skills as you have to plan everything yourself!


8.  Are you a bit competitive?

At auctions, you're competing against other bidders. At times, this gets fairly intense. Of course, with online auctions, you don't have the same degree of competitiveness as a live auction. However, it's essentially the same thing as participants are trying to outbid each other.


9.  Are you good at managing your money? 

When you buy items at auctions, you need a certain amount of self-discipline and the ability to set a budget. You have to decide what something is worth to you before you get into a bidding war. You also need to calculate the resale value of items.


10.  Do you have expertise in any type of merchandise, whether electronics, collectibles, antiques, jewelry, or anything else? 

This isn't an essential prerequisite for participating in auctions, but it certainly helps if you can easily determine the value of contents in a storage unit. If your skills include restoration or repair of certain products, you can easily boost the value of an item that others might discard.

So, are you a good candidate for online storage auctions? If you answered "yes" to at least half of these questions, it's likely that you'll enjoy this type of online bidding. If you scored highly on the quiz, you may be wondering "where are storage auctions near me?" SelfStorageAuction has a variety of locations around the U.S. Visit our website to register today.

Date: 10-16-2017