Storage auctions have been a huge hit on TV lately. (with the A&E show, Storage Wars racking up over 3.8 million viewers. And now there are two more TV shows about Storage Unit Auctions – Auction Hunters and Storage Hunters.)
But as much fun as it seems (and it is!) to bid on and buy a storage unit, you’ve got to understand that, in order to do it right, you have to be prepared to sell a mass amount of “stuff” – stuff of all kinds!
Now, in the old days, the storage auction buyer was limited because (unless they owned a store) they could only take the stuff to a swap meet or conduct a yard sale in their front yard.
But today, with eBay, Amazon and Craigslist, the opportunities to mass-sell items have never been better!
So, allow me to list some of the steps I would take if I wanted to really build this side of my eBay business to a high level.
(I believe you will find these steps to be instructive – whether you decide to follow them or not)
- I would post advertisements at local colleges for a part-time “eBay Apprentice”. I would interview and eventually hire two people for this job. Their job would be to photograph, list, ship and handle customer service for my Storage Unit resale business. In essence, I would train them to do everything I would normally do to sell a ton of these items on eBay / Craigslist and, in the meantime, they will be learning the business while acquiring an awesome new money-making skill!
- I would have cleared out my warehouse and gotten it ready for a maximum flow of items and merchandise that would be coming in and going out of this location.
- I would also invest in two new computers to be used by my new “eBay listers” to do their work.
You see, when the work of finding a never-ending supply of products to sell is not a challenge anymore, it is then very easy to duplicate yourself by training a college student to do the listing and shipping for you!
The idea here is that I will now be able to do the “easy” and “fun” part of the Storage Auction resale business and will have someone else do the listings and shipping!
If you have ever purchased a Storage Unit, then you know how much fun it can be.
First, you have the adrenaline rush of bidding on and winning the contents of the Storage Unit, usually in a live auction conducted by a licensed auctioneer.
Then, once you win the auction and the contents of the unit are all yours, you now have the incredible fun of searching the unit to see what types of goodies are in there!
You will find things that are obvious money-makers, right off the bat.
Then, you will also find things that appeal to you and items you want but have never purchased.
You will also find more common, household items that will still sell on eBay at decent amounts and then, of course, you may also find a percentage of the stuff that you will just have to donate to Goodwill or throw away.
(This is the fun part for me, searching through a roomful of goodies and sifting the money makers from the rest of the stuff.)
It is such an interesting and exciting part of the business – I hope you can get a taste of it for yourself!
In any case, here’s an important point I want to make…
I only give you my example of how I will tackle the storage auction business as a way to help you think about the potential of this business model!
It is important for you to see how YOU can implement this business model as a beginner and not get turned off by how a seasoned eBay seller is doing it.
The awesome thing about Storage Unit Auctions is that you can play the game at whatever level you wish!
You can buy smaller storage units for between $5 and $100 and turn that investment into more money, thus building your “investment kitty” up with consecutive purchases. (and growing your business little by little!)
For example, one of the storage units I bought was a small unit that I paid $125 for.
In that unit, I found vinyl records, (in that group there was one rare one which sold for $125) wheels for a BMW, vintage Credit Cards (also collectible) and more. I ended up selling the contents for $625. So, you really can start off with just a little over 100 bucks!
If you do not have a place to store the stuff that you buy, often you can just rent the same storage unit directly from the Storage company, right on the spot and this way you do not have to move any of the items – in many cases, you could literally sell some of the larger items directly from the Storage Unit! (check with your storage facility to see if they allow this – not all do)
Don’t have the resources to hire someone? How about hiring an intern?
Many young people will work for the experience and the ability to put that work experience on a resume. It’s a great way for them to get started in life and to build up their resume!
You could also hire a high school or college student on a commission basis – in this case, they would get a percentage of everything they sell on eBay for you!
You can try a 20%, 30% or even 40% commission, depending on how generous you feel.
In this way, you only pay that person when an item actually sells and when you actually receive the money, so the money you pay comes straight out of the profits you make!
There are a lot of ways to approach this business and most of them do not cost money to do so.
I just want to encourage you to try this approach.
At the risk of sounding like a broken record, (I know, I know, I’m always talking about Storage Auctions) I only recommend this source as my favorite source because I know it has the greatest potential of all the approaches that I’ve personally tried.
If you’d like to learn more about Storage Auctions, you should definitely check out my new video course.
It’s called “Insider Secrets To Making Money With Storage Auctions” and you can find it by clicking here.
Throughout my home based business career, I have developed certain habits and disciplines which have helped me succeed.
While the thought of being able to work from home and have freedom to be your own boss sounds exciting to most, being a home based entrepreneur can be a big challenge if you are not prepared.
It’s not as easy as it sounds, at first.
But if you follow and adhere to the “Revolutions” in this article, I think you will go a long way towards Home Based business success!
“I will do the most productive thing possible at every given moment.”
This is the successful entrepreneur’s creed.
This is how people make large amounts of money in their internet business. They simply do the most productive thing possible in their business at all times. By prioritizing their time in this way, they do the money-maximizing things (the things that make them money) while leaving the many tasks that do not make them money.
For example, in your eBay business, a list of the most productive things possible is populated by really only a few things:
- Finding great deals on merchandise and negotiating even better deals by buying in bulk
- Listing items for sale on a continuous basis so as to keep the cash flowing in
- Providing excellent customer service so as to keep our customers happy and coming back to us for more business
If you focus your energies on Revolution #1, you will undoubtedly make more money!
“I will use lists to make sure that the right things get done every day, every week, every month, and all year!”
The importance of lists is often downplayed and people lose out as a result of this.
Andrew Carnegie, one of the richest men of the 19th century paid someone thousands of dollars for a simple idea, the idea of creating a list every night of the things that had to be done the next day and then prioritizing the list.
The reason he paid so much money for this idea is that it actually proved to increase productivity in his factories by a huge percentage and the fee that he paid for the idea was actually a tiny fraction of the increased revenue and results achieved by using this idea!
Lists are valuable in your eBay business but even more valuable in your daily life, as a way of balancing your work life with your personal or family life.
For example, I use a smartphone that keeps me organized.
It allows me to input events, dates and appointments into my calendar and set an alarm for these things. (It also syncs with my Google calendar, which is very helpful when I’m on the computer!)
It keeps me focused on the things I need to do on any given day and alerts me to the coming events that I will be working on.
I would highly recommend that you use a smartphone or an organizer to create your daily lists on and then follow them!
You will be amazed at your productivity – especially if you end up developing a variety of businesses or interests, like I have!
“I will spend more quality time with my family and friends.”
In the end, the reason we want to make more money or succeed in our eBay business is often tied to family and friends.
However, we often miss this fact in our quest to generate large sums of money and the “means to the end” (money) ends up becoming the end goal.
This is unfortunate, but often we get so wrapped up in making money that we lose the reason we are trying to make all this money!
The Cat Stevens song “Cats In The Cradle” comes to mind.
In this classic ‘70s song, a son sees his father as someone who is somewhat distant because (it is implied) he is always focused on working and bringing home the money.
In the end, when the son is grown up and the father is retired and now wants to spend time with him, the son has turned out just like his father and now has no time for his dad.
It is a sad but illustrative view of the concept we are talking about here, where making the money becomes the goal rather than using the money to be closer to our loved ones, which should be the true goal.
Taking this Revolution in its rightful light, I often plan events and trips with my family – as a group, as well as with each individual child – that serve each of my kids in a way that they feel special.
I have three kids and I am beginning to realize the temporary nature of their time at home with my wife and I and how, in a few short years, they will be on their way to college and living on their own.
Whenever I think of this, I realize that I need to make every moment count and I cannot hold back on showing my love for them as well as giving them the time that they so richly deserve.
This serves many purposes, not the least of which is that it develops in them a healthy self-concept (knowing that their Dad loves them) as well as giving them a good dose of Dad’s philosophy of life so that they end up successful in whatever career or business they end up choosing in life!
It’s not the easiest thing to get up and play with your kids when you are tired from a day at work and juggling all the other responsibilities of life, but let me tell you, it can be the most rewarding thing in the world – and, you often get some amazing insights into your kids that you wouldn’t have gotten otherwise!
Also, it is easy (especially for men) to pay more attention to the kids than we do to our spouse, but nurturing your relationship with your spouse is key to maintaining a healthy marriage as well as maintaining happiness in its own right!
I’ve been fortunate to be married for 23 years and my wife and I maintain a pretty consistent schedule of “date nights” or just time alone where we get a sitter and go out to dinner or a movie and just spend time together in a situation where it’s just “us”.
It is amazing how easily you can forget what brought you together in the beginning unless you proactively work on making these date nights happen and purposely set time aside for just the two of you. This will make a difference, believe me!
“I will continue to expand my mind and develop my business skills through self-education.”
I believe in the power of self-education and self-development because I am a product of it and have seen the results in my own life.
Through working on myself and working on myself some more, I developed into a person I am proud of.
I can now speak to a group of people (of any size) without the slightest bit of fear or nervousness.
I speak to strangers with no hesitancy.
I can deal with Presidents of companies and top business leaders on an eye-to-eye level.
I credit these abilities to a constant and rigorous regimen of personal development through CDs, books, videos and seminars and the application of these things I learned!
One of the more important things that this personal development has accomplished is that it has allowed me to expand my thinking.
I believe that, if you want to achieve success, you’ve got to work on expanding your thinking and your vision for your life.
“Small thinking leads to small success, but big thinking leads to big success.”
By expanding your thinking, you will be able to see bigger things in store for you than you did before.
You will be able to believe bigger things are possible for you than you currently believe.
You will then be able to take bigger actions than you have ever taken before because you usually do not take bigger actions until you believe in those actions and believe that those actions will lead to success!
Think about it. If you want to do something really big in your life, but you don’t really believe that you can – are you going to even try? Probably not!
So, one of your big goals this year is to expand your thinking.
You do this by exposing yourself to people who already think big – the leaders, entrepreneurs, achievers who are already successful. Today, just about every thought leader is on Facebook and you can “friend them”! So make it a point to do just that. You will be exposed to their “thinking” and their philosophy of life and this will help you connect to bigger and better things.
If you cannot meet these people in person, then the next best thing is to get their books, biographies, tapes, CDs and videos and learn from them!
Learn by their example – learn how to harness the power of thinking big.
You will be so glad you did!
“I will give of my time, money and talents to people less fortunate than me.”
This one may sound a little odd at first, but if you read “The Richest Man In Babylon”, you will see how it makes complete sense.
I believe that this “stepping outside of yourself” is a powerful exercise that will actually help you in business.
Too often, as entrepreneurs we are focused on “me, my success, my progress”.
The simple act of giving allows you to add dimension to your money-making activities and gives you an even deeper reason for what you do.
It adds depth to your character and a sense of purpose and pride when you can say (to yourself) that you contributed to making the world a better place as a direct result of your business efforts.
There is a certain powerful feeling in knowing that your day to day efforts are going to yield results far beyond the number of years that you have on this Earth.
Giving does that for you.
It gives you a sense of immortality with regard to your actions and your contributions on this planet and it gives you a sense of peace that you have helped people who could not help themselves.
I believe that, as an entrepreneur, our duty is to give to those less fortunate, through charities, church, direct gifts and through giving of our time.
Here’s the bottom line: If you have been blessed with the ability to make money, then I believe that you have a responsibility to help those who aren’t able to be so blessed.
Take Bill Gates as an example…
The richest man in the world has given a $29 Billion endowment through the Bill and Melinda Gates Foundation – an awesome gift that is being used to benefit world health and to find cures for some of the Earth’s biggest diseases.
This is actually a larger amount than the World Health Organization has available!
Andrew Carnegie, the richest man of the past millennium said: “The man who dies rich, dies disgraced” as a way of explaining his actions of switching from accumulating wealth to distributing his wealth.
Let me tell you – if the principle is good enough for two of the richest men in the world, then it’s good enough for me!
While you might be tempted to think, “Well of course they give a lot of money away, they can afford to!”
I would have to call you on that and say, “WRONG”
In my studies of successful people I can point to hundreds of examples of people who gave even when they “couldn’t afford to” and as they grew in wealth and stature, this developed habit of giving simply grew along with their wealth.
It is a success law that does not fail.
My hope for you in the coming years is that you will take these success principles to heart and put them where you will see them.
By doing so, and actively reading them as well as acting on them, you will be doing your part in making these Revolutions come true!
Running a home based business is a challenge in itself in that it takes a special sort of self-discipline to stay engaged and focused on your business goals.
There are distractions everywhere when you work from home and staying free of these can make all the difference in the world.
Here are some Home Based Business tips that have worked wonders for me:
Begin With The End In Mind
All successful people do this – they begin with the end in mind. They see success and their desired end result before they ever begin their project.
In fact, you could almost draw a parallel with how much this skill relates to personal success.
Those who have the ability to begin with the end in mind can “see” their success ahead of time and can continue to strive toward that “picture”; the end result that they see so clearly.
Of course, it is entirely possible that you could lose that picture through lack of focus or lack of desire for that outcome but that is entirely up to you and your own ability to hold on to that vision of success.
Think about it, in your job, who are the highest paid people at the top of the corporate ladder?
I would suggest that many of them are not necessarily the most talented when it comes to the nuts and bolts of manufacturing, computer systems or the day to day operations of the company, but many of the top corporate executives and entrepreneurs ARE able to think and plan and visualize the successful execution of a larger goal. In fact, some of the best corporate leaders could definitely be called “visionaries”.
A great example of a visionary is Walt Disney. I remember reading a great story about Mr. Disney… (paraphrased)
Mr. Disney passed away during the construction of Tomorrowland.
The story goes that at the Grand Opening of Tomorrowland, Mrs. Disney was asked, “Isn’t it too bad that Walt can’t be here to see this?”
To which Mrs. Disney assured, “He has seen it.”
See, Walt Disney had seen it – way before construction even began on that project. He had a clear, concise picture in his mind of what he wanted to accomplish and then set the wheels in motion to create his vision.
What do you want to accomplish this year?
Do you have a clear, concise mental picture of what you want?
Is it laser-tuned specific or is it vague and general?
Have you taken time to write out all of your game plan for this year and the years to come?
If you start next month (or even next week) you may be too late!
Do it today.
Game Planning For Success
The word “Goals” and the practice of writing goals down is almost a cliché nowadays.
As you know, I am a student of success in business and have attended hundreds of seminars, read thousands of books and listened to days of tapes on success. I know the power of goal setting and the effect that it has had on my success.
However, I believe there is something even more powerful than goal setting and I call it “Game planning”.
If you have any experience in sports, then you have a clear idea of what I’m talking about.
It has more to do with the actual strategy and logistics of what you want to accomplish than the actual end result itself.
In sports we call these “plays” or, put more simply, the steps you must execute in order to reach the goal line or to win the game.
Game planning involves goal setting but takes it to the next level. This next level is one of actually creating a plan to accomplish the end result (goal) and a timeline in which to accomplish each step. It is literally a step-by-step plan of accomplishment!
This is the way the mind responds best to a goal – it must have a plan to get to its goal and then – everything moves a LOT more smoothly!
Take some time TODAY. (no procrastinating – Just do it!)
Set your eBay business game plan and develop strategies to accomplish your end result.
By having A PLAN in place, (notice I didn’t say a “PERFECT PLAN” – it doesn’t have to be perfect) you will more easily move forward and you know what? Moving forward is the very first step to success. It is the ability to get yourself off of square one that is probably the most important step – once you do that, you have forward momentum and it is much easier to keep that momentum going than it is to stop! – So go ahead – get on it!
Include Your Family And Friends In Your Game Plans For This Year
You need to know something.
All your efforts at building a success in business will be utterly worthless if you don’t have family and friends to share it with.
I believe that, if you spend all of your time building success, at the end of the day, you won’t have loved ones to share your excitement and wealth with. It will be a hollow victory.
The real joy in life is in healthy, fulfilling, well-balanced relationships – relationships with God, Family, Friends and Business Associates.
My last (but certainly not least) recommendation for success this year is that you work hard to build or enrich these important relationships in your life.
I realize that some of your friends or family may not understand or even support your business goals – and that’s o.k..
You still need to be able to Game Plan time with God, time with your family, time with your friends and yes, even time with your employees or people you work with! By doing this, you will be extracting the “juice” out of life.
You will enjoy your life a lot more and you will have richness to your life that few other people do. It will add dimension to your monetary success and will make your life much fuller.
Just stop and think about financially successful people who isolated themselves: Elvis Presley, Howard Hughes, Marylyn Monroe, etc. These people were rich and famous but, because they isolated themselves from other people, (or their friends and family) they ended up becoming some of the saddest tragedies of history.
Be sure you make time this year to be with friends and family – at the end of the line, our relationships will far out value our business net worth.
There is a whole world of wholesale lots being sold on eBay right now.
Here is a link to all the main categories on eBay.
You’ll notice that at the end of each list of categories, there is usually a “Wholesale Lots” category.
This is where you can begin your research into profitable lots on eBay.
But before you buy, make sure you do your pre-sale pricing research.
You’ll want to check “Completed Listings” to find out what these items have actually sold for in recent weeks on eBay.
By doing this pre-sale research, you will be able to make a sound buying decision and protect yourself from doing a bad or unprofitable deal.
Take your time, do some calculating, and be sure you can make money on the wholesale lot before you buy the lot!
I’m not ashamed to admit that, in my early days, I got stuck with my share of “duds” – buying small lots of collectibles at a swap meet or yard sale, only to find out later that the items wouldn’t sell for very much on eBay.
Don’t let this happen to you – when you are buying wholesale lots on eBay, you have the benefit of being able to research the items being sold AHEAD OF TIME and really KNOW that you will be making money before you buy.
Remember, you make your money when you buy – so buy right in order to sell right! It’s great, buying when you know that you will make money!
The first rule of business is to stay in business long enough to build a business.
What this means is that, if you’re going to be in business, you need to develop persistence and tenacity – the ability to keep on going through any difficult times that may arise.
You see, starting a business is no different than other long-term commitments you might make – in terms of the commitment involved.
For example, many people give up on a weight loss program way before they start to see its benefits.
Your ability to stay engaged and committed in your internet business is one of the biggest keys to making it.
Too many people give up too soon and fail to see the rewards that were waiting for them on the other side!
I believe there are several reasons for this:
Lack of a clear, bold vision
It’s clear to me that winners have a big, bold vision for where they want to go with their eBay business.
If you don’t have a big enough or clear enough vision for what you’re trying to accomplish, it will be difficult to work your way through the tough times.
I’ve been involved in many businesses, and when I’ve seen people quit, it’s usually because their current “reality” is bigger (to them) than their vision for their business. It’s too bad when this happens, because most of this “reality” is in their mind, not in their reality!
They simply weren’t able to get their mind to see the big vision they needed in order to be successful.
So by having a clear bold vision, and keeping that vision firmly in your mind, you’ll have enough strength to get through the difficult times.
Not understanding the “how to”
Winners understand the how-to, or at least they make sure to learn the fundamentals of the business they’re getting involved in.
Sometimes people give up and fail because they don’t understand the “how-to’s”, or the basics of how to build their business. This causes discouragement and discouragement leads to quitting.
In my new video training: “How To eBay Your Way To Fast Cash”, you now have a complete blueprint; a complete set of “how-to’s” that will show you exactly how to make money on eBay and craigslist. So there’s no excuse – if you don’t know how to do eBay or craigslist, you will when you own my new eBay video training!
Not having a solid support network
Many successful people have had mentors in their lives. This is another key to success! And while it’s not always possible to have a mentor, you can “self-mentor” by listening to positive audios and watching positive videos of successful people who’ve already made it to where YOU want to be in business and in life.
I cannot emphasize this enough. The truth is; you are who you hang out with, so make it a point to hang out with successful people, with leaders, with winners and very soon you, too, will be one of these successful people.
I didn’t have a personal mentor on my way up, so I had to learn the hard way. But ever since I was 19, I’ve read about, studied from and listened to successful people on CD and on video. And this has helped me to build a clear context and philosophy for success and to develop a true understanding of what it takes to be successful in business, by learning from others who have succeeded.
By using these success tips and not forgetting to put in some hard work at both your attitude and your actions, you too, will be successful!
Every day there are people looking for particular products on Craigslist.
In fact, these people are often advertising under the “for sale / wanted” category of Craigslist.
Now, this might sound really strange, but did you know that, every day there are people selling that exact same product on Craigslist?
(Sometimes they’re actually giving away that product on craigslist in the “free” category)
By acting as a broker or a middleman, you can earn finders fees, commissions, or participate in the deal in some other way. This is really only limited by your imagination.
A great way to find those products is to use the ad notification system that I teach you about in my new video training: “How To eBay Your Way To Fast Cash”.
By simply setting up your system to notify you of these products that people are searching for in the “wanted” section of craigslist, you can very easily build an automatic income stream.
As soon as that item pops up on Craigslist, you will be there first, and you can contact the person who is looking for it (in the wanted section) and let them know about it in exchange for a commission.
The other way to do it, is to actually go buy that product, and then resell it to the person as well.
Recently, I have been using Escrow.com to buy collections of vintage Hot Wheels. You can also use Escrow.com to “tie up” that item and that way the seller is committed to selling it to you BEFORE you go ahead and contact the eventual buyer for this item.
Taking this to a bigger level, you can use this in real estate to help agents find “for sale by owner” properties.
Or you can help a boat dealer acquire a customer who’s trying to sell his or her boat.
The number of ways to make money with craigslist is almost limitless because of the sheer number of categories that exist on craigslist.
I recommend that you check out my eBay and craigslist video training if you want to learn how to make GREAT MONEY on Craigslist!
You can do it! You just need to know how and I will teach you how! Visit: www.DaveEspinoFastCash.com to learn how to make fast cash on eBay and Craigslist.
This is a great product to sell on craigslist, because of the huge TV exposure that these products get. Recently, I’ve been selling fitness and weight loss products on craigslist.
Because of the huge amount of TV exposure these products get, I’ve been doing great with these types of products.
Many people see a product on TV, and then go straight to craigslist or eBay to try and find that product at a cheaper price
If you’re able to find a source of products that are sold via TV commercials or even infomercials, you may have a little gold mine on your hands.
That’s because these are the types of products that craigslist buyers are looking for on a daily basis, and if you run a listing for that type of product – a good professional-looking listing – you’re bound to make a large number of sales.
And, as you know, craigslist sales are great because people come to you and they pay you in cash – so there’s no shipping involved!
So here’s today’s Craigslist Tip:
“Finding suppliers of TV-promoted products (or other extremely popular products) is a great way to sell items on craigslist because these are exactly the type of products people are looking for on craigslist”
So do some research on products that would sell well in your local area craigslist.
You may even find that you can buy wholesale lots on eBay and sell them on craigslist for more money!
In fact, I devote an entire section of my new video training course to making money with Craigslist.
Visit: www.DaveEspinoFastCash.com to see how you can make some great, profitable, quick-flip deals on Craigslist!
Welcome and thanks for visiting!
My name is Dave Espino and my commitment is to serve you by providing you with the best entrepreneurial information possible!
Whether you want to start your own business, teach online courses or even set up your own eCommerce business, this is where you will get the hottest strategies for your success!
I’ve generated $140 million in sales of my own products and related services, so I know I can help you achieve your goals, too!
I wish you tons of success and I’m here to help you get there!
- Dave Espino