The Personal Storage market is booming! And with that boom comes abandoned storage units which end up getting auctioned off. Perhaps you remember the embarrassing Paris Hilton storage unit incident? That certainly was a high profile storage auction! In most cases, the storage units you find in an auction will not belong to someone famous, but they may contain sellable merchandise that you sell for profit.
So how do you build a business around this type of product source? Worldwide Brands has a great article on Buying Abandoned Assets for EBiz Profit. The article has several good pointers on how to maximize these storage auctions for product sourcing.
How do you find out where storage auctions are? The easiest way is to pick the storage units in your area and call them or stop in and ask. The article above mentions a couple of websites, but they’re usually incomplete and not up to date. There’s nothing like going right to the source. Storage businesses usually farm out the auction service to 3rd party auction brokers anyway.
With some work and practice, you can build a home based business around this. You may not get Paris Hilton’s belongings for resale, but you can still find sellable treasures among people’s abandoned storage goods.