A Canada-based website hopes to win a piece of the online storage auction market in the U.S.
Bid13.com, which has operated in Canada since 2012, recently rolled out its services in the U.S. The company now lists storage auctions in Maine, Michigan, New Jersey and New York, with plans to reach other states soon.
By entering the U.S. market, Bid13 now competes with established U.S.-based auctions sites like StorageTreasures.com and OnlineStorageAuctions.com.
Bid13 promises to help storage operators transform abandoned units “into an engaging treasure hunt for our extensive community of registered buyers.”
Different business model
Unlike its U.S. competitors, Bid13 makes money solely by charging the winning buyer a 15 percent fee for the purchase price of the unit. Self-storage operators can list auctions for free.
Each auction page features a video of the unit that’s being sold to give potential bidders a glimpse of what’s inside, along with photos.
OnlineStorageAuctions.com is free to use for both buyer and seller; it’s supported by ad revenue. StorageTreasures.com charges a 10 percent fee to both buyer and seller.
Online auctions offer storage operators the chance to put units up for sale without hiring an auctioneer. Meanwhile, potential buyers can research the contents of soon-to-be-auctioned units and then bid on them.