Thursday, December 30, 2010
THE SHED RESULTS
Okay, we gave you some homework. Let's see how you did. If you decided to spend $200.00 to $275.00 youR on the right track. Now, just remember with all the new buyers out there you may not get this unit. My simple answer to that is a motto I live by, "Go home empty and lose your gas money, buy uncontrolled and lose your ass!" Let's break down this unit. You're looking at 3 older TVs. That's fine so we value them each at $15.00, the wheel barrow $10.00, the camp stoves, well here you need to think. Who has two or three camp stoves? If you don't see a boy scout uniform hanging from the rafters chance are your looking at a unit of a collector, garage saler, or just a shopper who likes to buy doubles. You see the TVs were okay at three many folks have a TV in many rooms but, when you start seeing doubles, triples and more, of items that most people only have one of, that is what we call a flag in the business. At that point you have to look at the rest of the unit and be able to see tell tale signs of what this unit is truly about. Some of us are born with the gut reactions and others must learn as they go. The best way of looking at it is, at $200.00 you're not going to get to hurt, and if $200.00 does hurt you too much then you're in the wrong business. You may buy 20 units before you see anything of real value. You have to have that disposable income to do just that, buy 20 or so units. Now, also looking at the door of this one we know we are not going to lose all of our money with just what is on the eyes. As for the boxes, I look at as they belong to Billy. Many men are called Bill but not many carry the "Billy" to older age. They leave that behind in childhood which means these boxes go to the garage for several reasons. 1: They belong to the son and they are full of toys not played or the child has outgrown and are well used and are stored away, or 2: They are the outside toys of the son, or 3: What we all hope, they are full of a guys tools and stuff and he is comfortable with his manhood and is still called Billy. Well, I would and have, for this equation valued them at $5.00 per box. This leaves us with the possible tool box in the back. I would value the tool box as a possible and as always I value all tool boxes at empty rate, so I allowed $70.00 for the box for a total of $200.00 low and allowing myself room to go as high as $275.00 if I need to. This may seem like a curve ball but you will get alot of curve balls throughout your stay in this business. But if all of our hunches are right and we get this unit for $250.00, we just made money! In my market the wheel barrow would be $25.00, the boxes an average of $15.00 each depending on whats inside but the $15.00 would be selling item by item at yard sale prices. the camp stoves if working (which you noticed I didn't value in my bid to allow room) $25.00 each, the tool box comes up empty and sold for $225.00 the TVs sell fast at $25.00 each for a total income of $600.00 or a profit of $350.00. Not bad, many folks work a 40 hour work week to do $350.00. All you did was had a blast dinging through treasures to make the cash. Next blog we will be talking about the new TV shows. Are they the real deal or just TV?
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Man I hope you keep writing - some very interesting stuff and truly appreciated.
ReplyDeleteSORRY JUST HAVE BEEN ON THE ROAD IN SOUTHERN CAL ON SET OF THE STORAGE WARS TV SHOW I WILL BE POSTING SHORTLY.
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