In these harsh economic times, businesses are scrambling to find ways of cutting costs and increasing their profit margins. But one cost-saving tip that businesses hardly ever think of is leveraging self-storage.
Self-storage units come with a price tag, but they could be a saving grace for your business. Here are ways that self-storage can offer your business a competitive edge:
An Affordable Alternative to Rent
Businesses of all kinds can leverage self-storage to reduce their rent. Self-storage costs just a fraction of the cost of rent, and businesses can host many different business operations in a self-storage facility to minimise the size of commercial space that they need. For instance, you can use it for warehousing, as a strategic contact point, and even as a secluded, serene venue for your business meetings.
If you're a startup or small business owner, you can do quite a lot with the money saved with self-storage.
You'll also find self-storage quite economical if you're an e-commerce outfit in need of warehousing solutions. Furthermore, self-storage units are usually quite flexible, allowing you usually to pay month to month.
A self-storage space can also provide more convenient logistics solutions for e-commerce businesses. You can open an outlet in an area to shorten the delivery trips for customers in that area, lowering the cost of your business operations.
Stock up on Bulk Inventory
Every once in a while, discounted deals and promotions come along. But people often run short of space to stock up on them and are forced to buy less than they'd want to.
That doesn't have to be the case if you can access flexible self-storage solutions. You can buy as many items as you want at a discount and pay for a self-storage unit with the money saved from the deal, even with some change remaining.
In some cases, you might be able to secure months or even a year's worth of supplies with a single deal.
Rent Out Your Spare Office Space
If you're allowed to sublet your office space, you can transfer a significant portion of the rent to other businesses. If there are discounts for renting for lengthy periods, you can further leverage this tip to significantly beat your rent over a long period.
Sharing your office space can also help save on other expenses. For instance, if you bulk-buy office supplies together, you'll most likely get huge discounts.
Securing your business inventory
A self-storage facility can save you the cost of setting up extra security measures to protect your business assets. If your business location is experiencing high crime rates or you are expecting an overflow of inventory, a self-storage facility can help you secure your valuables at a cost-effective price until you can sort out your security provisions. Self-storage facilities can also help preserve supplies in their pristine form.
If your business premises are vulnerable to the elements or lack the specific conditions needed to keep your business supplies in top shape, your local Storage King can cover your storage needs. Contact your local Storage King today!