Making Bank: Self-Storage Operators Share Their Stocking and Pricing Secrets for a Successful Retail Store

May 31, 2023

1 Min Read

Many self-storage operators provide products and services beyond unit rentals as a way to diversity their offering within the local community and increase their traffic and revenue flow. In fact, one of the best options for ancillary sales in this industry is a retail store stocked with moving and packing supplies. However, creating a successful display requires a calculated plan. First, you need to determine the products you’ll carry, in what quantities, and how you’ll entice customers to buy them. In addition, you need a tactical pricing strategy to ensure these sales generate sufficient income. Prices that are too low will eat into your profit, while exorbitant rates will turn off customers. It can be tricky to find the right balance.

In this thread on the Self-Storage Talk online community, members are discussing their secrets to retail success. Click through to the thread to read and share advice, then get ready to hear that cash register ring!

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