Business Idea

Start A Storage Locker Business

About

Starting a storage locker business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell storage locker , or selling storage locker online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start a storage locker business ➜

Key stats

market size
$4.26B
revenue (monthly)
$24.5K
starting costs
$32.1K
gross margin
40%
avg product price
$150
time to build
11 months
growth
Direct sales
business model
Software
time investment
Full time
work from home?
Yes

About

Starting a storage locker business requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell storage locker , or selling storage locker online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start a storage locker business ➜

Key stats

market size
$4.26B
revenue (monthly)
$24.5K
starting costs
$32.1K
gross margin
40%
avg product price
$150

 

time to build
11 months
growth
Direct sales
business model
Software
time investment
Full time
work from home?
Yes

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $35 $3,250
Employee & Freelancer Expenses $0 $5,500
Equipment & Supply Expenses $550 $6,000
Website Costs $232 $6,500
Business Formation Fees $600 $4,700
Retail Business Expenses $0 $16,150
Inventory Expenses $350 $14,750
Advertising & Marketing Costs $75 $4,786
Software Expenses $0 $420
Other Expenses $0 $300
Total Startup Costs $1,842 $62,356

Successful Businesses

Business URL Rank
Storagetreasures.com storagetreasures.com #41,797
Life Storage lifestorage.com #46,250
Luxer One luxerone.com #149,120
Self Storage Auctions storageauctions.com #163,756
Lockerfox lockerfox.com #206,299
Inside Self-Storage insideselfstorage.com #246,422
Bid13 Storage Auctions bid13.com #307,690
unknown manhattanministorage.com #317,380
Kennards Self Storage kss.com.au #344,741
Self Storage Association selfstorage.org #360,436
Storage.com storage.com #450,523

Pros & Cons

Pros Description
Flexibility You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.
Scalable With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.
Meaningful business connections You never know who you will meet as a storage locker business. This could be the start of an incredible business opportunity!
High customer retention rates Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.
Easy to encourage "impulse buy" In the storage locker business, you have a much higher chance of encouraging your customers to buy on impulse - you can easily alter the price, placement, packaging, and promotional value to influence the decision of your buyer.
Control of workload With starting a storage locker business, you have the unique ability to choose how little or how much you want to work. You also have the freedom to decide which projects you want to work on, and can turn down the ones that do not interest you.
Cons Description
Motivation of employees If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.
Longer Sales Process A storage locker business can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.
Low margins The gross margins for your storage locker business are typically around 40%, which can make it more challenging to incur new expenses and maintain profitability.
High employee turnover In the storage locker business, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment.
Taxes As a storage locker business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.
Niche Market A niche business is not necessarily a bad thing, in fact, it can be the key to your success. However, it can be more challenging and time consuming to find the perfect niche market and target audience.

Marketing Ideas

  • 1

    Affiliate program

    Affiliate marketing is a great way to bring in a new revenue stream, especially when you don't sell products or services.

    Simply put, an affiliate program is an agreement where a business pays another business or influencer ("the affiliate") a commission for sending traffic and/or sales their way.

    The affiliate typically gets a unique link where clicks and conversions can be tracked.

  • 2

    Word of mouth

    The most tried and true way to grow a storage locker business is through word of mouth - some entrepreneurs would say it's more important than all social media.

  • 3

    Advertising on social media

    Social media advertising is one of the leading ways to get the word out when it comes to storage locker business.

    There are various different Social Media platforms available to you. Some may be more critical for your marketing efforts than others, however, it's important to have an understanding of what's out there and available to you.

    Learn more about advertising on social media ➜