Guidelines for Recognizing a Quality Self-Storage Lock and Promoting It to Customers
|Copyright 2014 by Virgo Publishing.|
|Posted on: 05/30/2013|
By Rob Kaminski
Locks are the most commonly sold retail item in the self-storage industry, so you’d think no one would be a better buyer and seller of these items than an experienced self-storage operator. But that’s not necessarily so.
Originally, self-storage owners stocked locks as a convenience to customers who didn’t arrive with one in hand. They also wanted tenants to use locks that provided better security and reliability. The disk lock met those needs and has become the gold standard of the industry, so we'll focus on that type here.
Some facility operators still believe that simply negotiating the lowest price and getting quantity discounts makes them shrewd lock buyers. And they might be right ... if all disk locks were the same; but they’re not. The reason there’s always another peddler ready to undersell everyone is their disk locks are simply made cheaper.
What’s wrong with cheaper locks? Nothing if you’re not the one selling them. But stick renters with locks that jam, break keys or can be opened by other tenants, and watch your profit and reputation suffer. This article will help you recognize a quality lock and then promote it to your customers.
Ever wonder how some disk locks can be sold so inexpensively? The secret is it’s rare for a manufacturer to find a more economical way of making locks. Overseas, labor costs are not a problem, so materials and machining is where they cut corners. The end product looks like other disk locks but lacks the quality your customers deserve.
So what should you look for to prevent or minimize problems that can hurt your customer relations? Here are six items to evaluate when it comes to disk locks:
First, let’s talk about how locks are often sold. Virtually every self-storage facility offers other kinds of locks in addition to disk locks. They’re usually laminated or brass padlocks to give the renter “economy options.”
Disk locks, we know, are better suited and more profitable, so display them more prominently. Have one at the counter for renters to try. When they do, your manager can tell them why they’re better. If the manager needs training materials, ask your supplier. They should be free.
But if you stock locks other than disk locks, here’s a different point of view you may want to consider: Why offer econo-locks at all?
Offering several types suggests any old lock will do. So maybe those locks at the discount store are OK. Or what about the old-school combination lock in the junk drawer? In either case, your lower-priced locks may still seem too high to them and you could even lose sales.
The problem is the public is very familiar with ordinary padlocks. On the other hand, the disk lock is often new to the renter. It’s novel shape and construction support the idea that here’s a lock designed for self-storage. And because the public is not familiar with them, customers can’t be sure what they should cost.
I’m not saying you should immediately display only disk locks. But it might be an eye-opener to test that approach at one facility over a month or so. Compare the ratio of lock sales to rentals to see what happens to your total lock sales. If they remain unchanged, then you would see better margins than you had selling lower-priced locks. It would also reduce your inventory outlay and improve overall security.
Rob Kaminski is vice president of Supply Side USA, a national distributor of packaging, moving and storage supplies for more than 50 years. He has helped self-storage owners improve their retail sales for more than 25 years. He has written numerous articles on the topic and speaks at industry tradeshows. For more information, call 800.305.6110; e-mail email@example.com; visit www.supplysideusa.com .