Tag Archives: making money

Hiring people

After buying a few storage units, your thoughts should start going towards expanding this little slice of heaven. Besides, who doesn’t want more of a good thing? I know I did, it happens to everyone. Most get that look in their eyes and the questions start coming!

But don’t forget this is not light work. After buying a few units, all you are thinking about is how much MORE money you can make and if I could only PURCHASE-MORE units! I talked to many people about larger scale buying in more storage units.  As a matter of fact, after telling a friend of mine, it was less than a week until he started buying storage units on his own. It was interesting to watch, the different things he got out of the storage lockers versus what I got, and a birds eyes-view at what he sold many of his items for. It was really something to watch. Even though I dabbled out of curiosity while my friend was going full blast in front of my eyes, I was burned out. I was burned out on moving more than anything, even to this day I really-really hate moving. I moved most of the stuff by myself, even to this day I feel like I have been scared from the moving experience. But looking at all my friends stuff, it was almost to much to stand to see my friend making money doing something I somehow felt I had personally crafted, to some extent.

Fun fact – My friend sold on eBay and also stopped buying units too. I quit selling on eBay because of increased high fees and poor development direction I felt eBay was going.  Even today as I look around eBay something is missing, the organic sellers that were the back bone of eBay have almost seemed to disappear. But my point was his feed back number is almost the same as mine. I think he sold online a little longer than I did. I stared looking at the overall-cost of dealing with eBay, labor, shipping, Paypal fees and it didn’t look good. I guess more than anything I was amazed how our paths seemed very close, silly thought…

Hiring people can be hard, this is why many team up. For one thing – when you buy one of these storage units you have no idea what is inside, so if you never see an item, how do you know if its missing?

There are many things that can be lifted, gold for example. I would say 90 out of 100 units I found some type of gold, even if it is just scrap or a gold chain, 10 -20 units it adds up fast! And again it is hard work, I guess I bring this up again because it is! You never know what you will be moving or cleaning up and that poses some interesting challenges. What do you pay for that? If you buy a unit for $100.00, after gas and moving, all said and done, if you make… let say $200-$300 bucks, it really doesn’t leave much room for payroll.