Storage Auction Sales, a Business for Gamblers

Gambling is not my strong suit; in fact, it’s hard for me to drop $20 in a slot machine in Las Vegas without cringing. I would much rather spend the money on a new shirt or any other tangible object that I can use than leave my $20 to chance. That being said, I’m addicted to the A&E series Storage Wars. Watching other people risk it all is much more comfortable to me. But for someone that loves to gamble, storage auction sales might be the fruit to their success.

I watched several episodes last season and it was amazing to see what kind of treasures the bidders would uncover, off the bat you can tell who has the most experience and flexibility with their bids. It would be so hard for me to keep raising a bid; I would be constantly thinking the worst. “What if there’s nothing in the storage unit,” I would think that the boxes stacked to the roof were empty and it was just an illusion of a true treasure.

My husband and I were just talking about gambling and how some people are born risk takers. During a training session at my husband’s job the speaker asked who would be willing to trade their $50 for his $5, only one person said they would do it, everyone else thought it was a trick or a scam.

My husband volunteered and the speaker let him keep the $50, simply because he took the risk. The speaker said, “You will never find a deal, if you always think things are too good to be true.”

Bidding on a storage auction is very similar; you aren’t allowed to touch any of the merchandise to see if it’s working or determine how valuable it is. You have to make a decision on the spot, and bid.

But what’s amazing is people are starting their own businesses based around storage auction sales, they aren’t working for a company they are working for themselves. Even though it’s a risky business it is your business.

Storage Wars follows teams of bidders looking to score it big in the high stakes world of storage auctions.  I especially love watching the interaction between Jarrod and Brandi, the young married couple; they are fairly new at storage auctions but are ready to expand their business. They work well together but still have their married couple arguments.

Have you ever considered a risky business venture like a storage unit auction buyer? Did the business work out?

"Storage Wars" airs Wedensdays at 10/9c. If you missed the premiere of the second season on July 20^th, be sure to watch it online here.