With the growing popularity of the reality TV hit “Storage Wars”, more and more people are rethinking the possibilities of storage units as a way to make cash. The most popular way to make a profit is buying abandoned lockers and reselling the contents, but this isn’t the only way to get cash from the storage business. If you’re stuck for ideas, we’ve brainstormed and put together a list of the easiest ways to convert your own rented storage unit into a profitable investment.
Store and sell
You’d probably be surprised at how high people at auctions, or pawnshop owners would be willing to pay for those odds and ends that have been taking up space in your house. The old saying stands true: “one man’s trash is another man’s treasure”, so why throw something in the garbage when you can keep it in an affordable storage locker until you find a buyer, and make a profit! Additionally, with the advent of online sales platforms from eBay to Craigslist, to Amazon to Kijiji, you can resell your items from the comfort of your own home!
Going along the same lines as our first tip, the purpose of a storage locker is to hold stuff, so an obvious way to turn the monthly rent of your locker into a profit is using it to store stuff that you’ll eventually sell. This idea offers a huge opportunity for retail business owners. What better way to deal with fluctuating rotating stock, than keeping it in a mini storage locker and selling it once it’s back in season? This way you don’t have to worry about losing money on blowout sales, or unsold goods.
The same benefit goes for retail businesses that simply don’t have on site space to store a lot of inventory—particularly in shopping plazas and high demand rental locations. Most storage rental facilities can be exponentially cheaper than renting a larger store. Why not keep extra goods in your locker, and move them on site as needed?
Prime office space can cost a fortune, especially in large cities. Companies often waste huge sums of money by renting out large offices just to make sure they have room to store files, old computers and printers, and extra office furniture. Keeping these items in an offsite storage unit can help office-based business to save space, and more importantly, money.
When it comes down to it, individuals, small businesses, retail outlets, and large enterprises alike can all profit from investing in an offsite storage facility. Best of all, most facilities offer very flexible solutions to meet the needs of a very diverse client based, such as month-by-month rentalsand year-long leases, as well as both large and small units. With the flexibility of the storage industry, there is something for everyone.