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20 Dec 2022

The Self-Storage Profit Maximizer: Part 2 – Retail sales


Jack Raistrick

Union Realtime

A self-storage facility can earn you a lot more money than you think; you have foundations for more than just renting out storage units. If you're looking for ways to increase profits at your self-storage facility, you've come to the right place. In this blog series, we'll discuss a number of different ways that you can do just that. In part 1, we looked at truck rentals. Part 2 today will discuss the opportunities that can occur when adding retail sales to your self-storage business.

Retail sales in self-storage facilities provide an excellent opportunity to maximize profits and make your self-storage business even more successful. Not only does selling retail items in your self-storage facility bring in more money, but it also brings in more customers and can be seen as a way to add value for your existing customers.

When considering what kind of retail products you should offer, consider the needs of self-storage customers. What do self-storage customers need on a regular basis? Consider offering boxes, packing supplies, moving equipment, locks, and other self-storage-related items that are necessary for self-storage users. Providing these items will attract people from all over looking for self-storage units but also those who already have them but require additional or replacement supplies. You could also expand your retail offerings; depending on the location of your self-storage facility, you could potentially offer snacks, drinks, or other convenience items that customers may need while they are there.

Inventory management system is essential for any retail business, With a little bit of effort, adding retail sales to your self-storage business could potentially bring in more money than ever before. Consider offering convenience items such as snacks and drinks, as well as self-storage-related products as part of your business plan; it might just provide an extra boost to your self-storage facility and can expand your customer base.

Don't forget to check out part 1 which discusses truck rentals, here!

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