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Re: Greed from Sloth -- Storage and the like.
Old 01-21-2007, 10:48 AM   #21
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Re: Greed from Sloth -- Storage and the like.

There was a post a few years back on one of the motley fool boards (the REHP board IIRC) where someone described in great detail how they had bought and run one of these storage businesses. It was definitely an interesting read.

Nearly all the facilities around here prominantly advertise 1st month free, so what does that tell ya?
Advertising the first month free seems like a very good way of getting people in. The major thing you count on in the storage business is that people are lazy and won't move their stuff to another place once they have it stored. So the marketing approach is to charge high ongoing prices, but to do whatever promotions are necessary to lock people in. The margins are high enough that it makes perfect sense to give away the first month free if it locks in a stream of cash flow.


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Re: Greed from Sloth -- Storage and the like.
Old 01-21-2007, 12:28 PM   #22
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Re: Greed from Sloth -- Storage and the like.

I agree 1st month free is a reasonable marketing strategy, but my point was that apparently there is more supply than demand.

The latest trend is whats called PODS...........Portable On Demand Storage. They use a truck to deliver a steel shipping container to your property. You can fill it at your convenience. Then they pick it up and either store it or deliver to the next address. One of the interesting elements here is that I understand there is a glut of steel shipping containers accumulating around the country due to our trade deficit. Various attempts to take advantage of the glut include stacking them like lego blocks to form modular housing units. I think one of these projects was completed in London.

...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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Re: Greed from Sloth -- Storage and the like.
Old 01-22-2007, 08:45 AM   #23
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Re: Greed from Sloth -- Storage and the like.

Originally Posted by thefed
id like to buy one already built, BUt if the owners selling, what does that tell ya?
That he is trying to capitalize on a profitable business? Plenty of people sell profitable and sustainable businesses. Heck, that's why a lot of people go into business in the first place.


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