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| At the storage auction |
So you're at the storage auction and the adrenaline is running high, but you're not certain that you can outbid the other auction hunters present. Read here to get some real life tips on how you can bid and compete with the top-rollers at the auctions.
So you are standing there in the crowd and the anticipation is high, you can feel the excitement and tension in the air. You feel like you're ready to start bidding, your confidence is high and you get a rush of adrenaline as the auctioneer opens the unit door.
After a few minutes of watching the others bob, weave and send secret signals to their auction partners, the bidding begins. Suddenly though, you feel overwhelmed at the number of other people there.
You find yourself asking, what if they have more money than me? or What if I cannot compete?
Well, this little drop in confidence with the added adrenaline and fast pace is enough to stand in your way of a good win and perhaps force you into a bad buy as well.
In order to avoid this little scenario when you get ready to bid on a storage unit auction, you are going to need some skills and self-discipline.
The following tips and guidelines will help you stay relaxed at the auction which will in turn help you to bid like a pro.
Watch out for the elite bidders
At almost every auction you go to, there are going to be what I call the "Elite bidders." These bidders are in a class of their own because, they are the best at what they do.
They are the best, because they know how to play the game and win over newbie bidders.
Elite bidders also come with their pockets full and they are not afraid to drop 10k in one day on units, they do it for a living after all.
So the trick to winning a unit, even with little cash, is knowing how to bid against these big-timers.
Know your limits
The most important thing you can remember at the auction is not to go over your limit. The "Elites" will try to get you to overbid or spend all of your money so they can eliminate you from the competition. As long as you stay firm, you will be OK.
Look at the unit, decide how much you can make by what you see, set your max limit and stick to it! No matter what, do not go over what you set for each unit.
Play the game
Just like in Poker, you need to fool your opponent into thinking that you are not interested in a particular unit. You need to keep a straight face (an auction face) and read other peoples faces at the same time to try and see what they are doing.
Remember that even if it seems no one is paying attention to you, trust me when I say they are. If they think you see something of interest in a unit, they will gain interest as well and try to outbid you just because they can and not always because they truly want or need the unit.
So no matter how excited you are, stay calm and don't let anyone know what your next move is. Play the game!
Remember, if you do not win a particular unit that you really wanted, you should not take it too hard. It probably was not meant for you to begin with and there are plenty more. You might even be glad you lost a unit later.
I once lost a unit that I later found out had a ton of trash, fecal matter and rotten food in it. Needless to say, I was glad I did not win that one!
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