Drug testing

Secrets of My Favorite Government Auction

I love bargains. And there's no better place to find bargains than an auction. And there are no better auctions than government surplus auctions. My favorite government surplus auction takes place the 3rd week of September every year in the County Park. I won't tell you which county park as this is my best-kept secret! Even though the auction is advertised in the local papers (as required my law), I usually find the same 20-30 people mulling around, looking at all the lots. And many of them I know are not high-bidders!

This annual auction is the county-wide surplus auction. You will find everything and anything here as the county has various and departments. They have the typical office equipment and furniture, cars, trucks, law equipment, etc. But some more unusual things that have been auctioned off have been things like a street sign maker (for making stop signs and the like), a row of metal lockers (from the old county pool), playground equipment, 5000 plastic cafeteria trays (that sold for $8!), a stainless steel chef's cart, a chrome torpedo trash can, and a fully operational dump truck that went for several hundred dollars.

Since I have been attending for many years, I know what to expect and I know how much to pay. For example, they typically have a dozen retro office chairs that sell very well on ebay. The opening bid on the chairs is usually $5.00 each. However, by not bidding, I can usually wait (and luckily no one else knows what a gold mine these chairs are?they just look like dirty old chairs!), and the auctioneer will lower the opening bid to $3.00, then $2.00, then $1.00, then fifty cents! Still, I am patient and wait as he throws in two or three more chairs for fifty cents! My last trip to the auction, I netted seven chairs for $4.00! I turned around and sold them for $25.00 each!

This is just one of the examples of the deals that I have found at the County Auction. The secret to my success is three-fold:

1. I know what is "hot" in the market by browsing ebay, watching HGTV, and flipping through home magazines. 2. I know what the going retail prices are and keep these in mind when I am bidding. I usually arrive at the auction early with a notebook and check out all the lots that will be auctioned. I jot down the lots numbers and the highest price I am willing to pay for that lot. 3. When the bidding starts, I wait for someone else to start the bidding. I place myself so I can "read" how badly they want the item. I will wait to place my bid. I never get caught-up in the bidding. And I always bow out at my high price that I wrote in my notebook. This way I can avoid buyer's remorse!

Using these tactics, I have successfully won many items at the local auction and have made a huge profit reselling these items. If you use these techniques, you will also be successful at your local auction. I just hope you never find my gem of an auction, and never bid against me!

Dean Novosat regularly attends local government auctions and participates online. Much of what he wins, he resells. He has several informative websites including http://www.buy-sell-gov-surplus.com sell-gov-surplus.com and http://www.government-deals.com. He maintains his own blog at http://www.novosat.us/wp

limousine chicago service
In The News:

Differentiation Strategies for Franchise Companies

With the growing number of franchise offerings recently it is... Read More

Will Your Business Survive Without You?

I had a health scare in December.As it turns out,... Read More

The 7 Major Reasons Businesses Fail and How to Overcome Them

This year, over 800,000 of the approximately 2,000,000 start up... Read More

Profile of Women Leaders

Leadership is based on two words, "pressure and support"and that... Read More

Definition of Entrepreneur

EntrepreneurAn entrepreneur is a man who organizes and manages the... Read More

Starting a Company on a Shoe-String Budget

A lot of people never start businesses because they believe... Read More

Message to Prospective Franchisees for Franchisors

Many franchise companies fail to send the proper message to... Read More

New Rules

Last week I was working with one of my small... Read More

Six Degrees of Separation

Through just five or six intermediaries, you could be linked... Read More

An Entrepreneur Is

An entrepreneur is an innovator. She sees a need in... Read More

Franchises - Emotional Fulfillment - The Challenge

Does A Franchise Meet Your Needs?Do you look forward to... Read More

Herb Filled Pillows Make Over a Million Dollars

Lauren Rosenstadt was a single mom working at a herbcompany... Read More

Franchises-Exit Strategy

At an International Franchising Symposium in London, Peter Holt made... Read More

Street Smarts Vs Book Smarts, What Does It Takes To Be An Entrepreneur

The latest series in "The Apprentice" features 2 distinct group... Read More

Business Ideas

Richard Branson, billionaire founder of Virgin Records and Virgin Atlantic... Read More

Veteran Entrepreneurs Are Growing In Ranks

When I'm not running my own business, writing articles about... Read More

Leadership Attributes for Business Success

Business success is essentially the result of successful leadership. Contrary... Read More

Starting Up and Keeping Going

So you had that fantastic business idea, the one that's... Read More

Should You Write Your Own Business Plan?

If you are just starting a company and looking for... Read More

Double Down on Marketing

If you want to compete in the world of high... Read More

The Entrepreneurs Prayer

As I awaken with the gift of yet another day... Read More

Applying The Daffodil Theory into Business Practice

At times all of us need a bit of inspiration... Read More

The Lonely Hat: A Marketing Parable

Jones was a typical entrepreneur who worked long hours and... Read More

How To Find Hot Online Business Ideas

Would you like to find the key that unlocks the... Read More

From Employee to Entrepreneur: Taking the Plunge

Before you decide whether or not running your own business... Read More

piles street light led light bulbs dimmable Pete's produce ..