In the Information Age, technology plays a huge role in everything we do, from the way we interact with friends and family to the way we conduct business. Resale businesses are no different. Between smart phone apps that can guide you to auctions and sites like eBay and Craigslist that can help you sell your wares, the Internet is probably front-and-center in your business.
One type of technology that you may not have explored yet, though, is the virtual storage auction. Although this is a very new development in the often slow-moving auction business, it’s already gained a lot of inertia and may soon become the new model for how auctions are held. Learning to make the most of this technology now can give you a boost over the competition and put you in a competitive place for the future.
Here are a few of the reasons online auctions are better than traditional sales:
— You can bid from home or while working on other projects. By visiting the site on a mobile device, you can bid from anywhere and don’t have to interrupt your day to attend a live auction. This saves you a lot of time and gas..
— You can take your time looking at the photographs and deciding whether to bid rather than making a snap judgment based on a few minutes outside a unit. This gives you time to research the items for sale and determine whether the unit will be profitable.
— Bidding is usually more slow-paced than at a live auction and will allow you time to hang back until the end, which helps you get the best price for a unit. Just like other online auctions, you can wait til the last minute before scooping up a good deal rather than engaging in a long bidding war.
— You have the flexibility to pay more for a really good unit if it comes along. At a live sale, you are limited by the cash in your pocket. When you’re bidding online, you have the ability to bid higher and pull the money from your bank when it’s time to pay. This ensures that you never walk away from a valuable unit again.
Aside from the numerous benefits of buying items this way, you can also use virtual auctions as a way to sell unwanted items. Virtual listings can be created by storage facilities and private sellers alike.