Start selling storage space subscriptions

A storage space subscription business is a service in which customers pay a recurring fee to receive access to storage spaces instead of the customer purchasing the storage spaces for themselves. In a subscription model, the customer returns the storage space to the seller at the end of the contract period.

There are several steps you need to take to start a storage space subscription business — as with starting any kind of business. Some of the key steps include:

• Determine your target market and decide what type of storage spaces you want to offer.
• Next, you have to look for suppliers who can provide you with the storage spaces you want to offer.
• Develop a marketing and sales strategy. Ask yourself, how you are going to acquire new customers and retain them as subscribers over time.
• Create a website to showcase your storage spaces and allow customers to purchase subscriptions. In a competitive market, user experience is everything. The whole customer experience, from buying online to receiving and returning storage spaces, needs to be super easy for the consumer.
• Get a payment processor that supports recurring payments. Twice has this built-in.

When setting up a storage space subscription business, key factors to consider include defining the fulfillment and shipping methods, creating a user-friendly website and ordering process, building partnerships with storage space brands and suppliers, and developing a solid marketing strategy to attract and retain customers. It's also good to remember that a storage space subscription model may work better with certain categories of storage spaces than others.

You have to look for suppliers who can provide you with the accessories or equipment you want to offer alongside storage spaces. You can, for example, use wholesale marketplaces, attend trade shows, or search online.

A storage space subscription business should develop a robust acquisition and retention marketing strategy. Effective strategies for customer acquisition include, for example, social media, paid advertising, and influencer partnerships. Building a strong brand and creating inspirational and educational content can also help attract and retain customers. Rewarding loyal customers with exclusive promotions and discounts can also work great in growing your subscriber base.