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Storage auctions are no longer the badly planned junk disposal events that they once used to be. They mean big profits, and thus have become a major source of income for storeroom facilities. Storeroom owners are often worried about how to make more profit without sacrificing the quality of their service. Here is the answer – clear out the junk and make a good income in the process.
What Is A Storeroom Auction
A storeroom auction is a sale of goods belonging to customers who have defaulted on rent payment. As an owner, you know how much premium every cargo space commands. Not only have you not been paid your dues, your storing units, cluttered with the defaulters possessions, are also lying idle. To recover some of the dues and to evict non paying customers, most storing facilities hold auctions.
Plan For Success
To make the most of such sales, you need to plan the event well. Do not take it lightly. You would be surprised to know the amount of money a single sale can make for you. Given below is a to-do list to make sure your storeroom auctions are a roaring success.
People would not turn up for the sale if they do not know about it. So, advertise the auction in as many places as you can. You can post a notice in the newspapers, distribute pamphlets, and put up posters. The website is one of the cheapest ways of advertising – you can advertise through forums, online directories, and paid ads. You can become a member of online storeroom owners associations and request them to advertise your products and services through the association newsletter.
- Give Your Customers The Ultimatum
Many customers wait to see how long they can hold out without having to pay the loan. You do not have to be too nice. Tell them about the clearance sale. Many will pay up rent once given an ultimatum. The rest, if they do not claim their property within the stipulated time, will lose their stuff. This way, you do not have to turn back people from auctions at the last minute, and you get the maximum number of defaulters to pay up.
- Group Items Smartly
Probably the most crucial factor in determining the success of auctions is how the items to be sold are tagged and grouped. Most storing facilities sell the entire contents of the unit as one entity. Other facilities group different products together by brand, function, or cost. The first method is more profitable, because bidders get only one look at the storing unit and they have to purchase whatever is in it. This works out well for bidders as well as storeroom owners. The bidders are often in for a pleasant surprise when they find items of great value tucked away in the boxes they purchased. Storeroom owners get to clean out storing units and make some cash in the process.
- Target The Right Bidder
You can increase your chances of positive bids if you can round up bidders most likely to need the items on auction. If you are selling items belonging to an IT company, you can hint that in the ads. IT professionals will be more likely to bid high on things such as computer parts, CDs, and associated paraphernalia.
Storage auctions are one way to make defaulters pay arrears. They also help you make a tidy profit from what you would otherwise have to dispose off as junk.
Abbeville Storage : http://www.localselfstorage.com/Alabama/Abbeville/Self-Storage/
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Disclamer: This entry is intended to promote our partner StorageMart and some or all participants received compensation.