Performance-based marketing to grow your Self Storage company.
What is Self Storage Marketing?
The average Self Storage business in the United States makes $450,000 per year in revenue. Self Storage Marketing is promoting the business to increase that number or removing obstacles causing the ROI to be low. This can include paid social ads, paid search ads, local ads, radio ads, TV ads, or traditional ads.
Most Self-storage companies need help with various factors, such as an expensive workforce, finding adequate experts in each area, producing new creative content fast enough, and overseeing all aspects of their digital marketing efficiently. Let our team of Self Storage digital marketing and advertising experts manage the groundwork it takes to grow your Self Storage company. If you want to increase sales for your Self Storage business, please contact AdvertiseMint.
Popular Ways to Increase Revenue for Self-Storage Companies.
“Every Self Storage business pays for advertising. You either pay for advertising or you pay in lost revenue to your competitors.” – Brian Meert, CEO, ADVERTISEMINT.
The self-storage industry has witnessed significant growth in recent years, driven by various factors like urbanization, downsizing, and changing lifestyles. However, with increasing competition, it’s crucial for self-storage businesses to explore strategies that can help increase revenue and stay ahead in the market. In this article, we’ll delve into five key factors that can contribute to revenue growth in the self-storage industry.
- Location: The importance of a strategic location cannot be overstated in the self-storage business. Facilities situated in high-traffic areas, close to residential neighborhoods, or near commercial centers tend to command higher rental rates. Investing in or upgrading facilities in prime locations can significantly boost revenue as customers are willing to pay more for convenience and accessibility.
- Diverse Unit Sizes and Types: Offering a variety of unit sizes and types can attract a broader customer base. While some customers may require small units for seasonal items, others might need larger spaces for furniture or vehicles. By providing a range of options, you can cater to diverse storage needs and maximize occupancy rates, ultimately increasing revenue.
- Robust Online Presence: In today’s digital age, having a strong online presence is essential. An intuitive website that allows customers to easily reserve units, pay bills online, and access their accounts can streamline the rental process and attract tech-savvy customers. Investing in search engine optimization (SEO) and online advertising can also increase your facility’s visibility and drive more potential customers to your website.
- Upselling and Ancillary Services: Don’t limit your revenue stream to just storage rentals. Consider offering ancillary services like packing supplies, moving assistance, or insurance coverage for stored items. Additionally, implement upselling strategies by encouraging customers to rent larger units, sign longer-term leases, or take advantage of bundled services. These tactics can lead to increased revenue per customer.
- Customer Engagement and Retention: Happy, satisfied customers are more likely to stay with your facility and even refer others. Implement excellent customer service practices, maintain clean and secure facilities, and offer promotions or loyalty programs to reward long-term renters. Reducing customer turnover and increasing customer lifetime value can have a substantial impact on your revenue over time.
Self Storage Industry Facts. *
Average Revenue for Self Storage Industry: $46.5 billion,
Average Profit Margin for Self Storage Industry: 41%
Average Employees for Self Storage Business: 4.2
Average ROI for Self Storage Industry: 16.9%
Average Growth Rate for Self Storage Industry: 6.8%
Total number of Self Storage Companies:722,745
Average CPC on Google for Self Storage near me: $10-$20
Self Storage Paid Social Ads
Paid social is a powerful way to help reach consumers interested in self-storage products or services. Paid social allows you to get a wide range of people and then target your ads based on key attributes like age, gender, location, interest, and behaviors or using custom and lookalike audiences. Paid social ads are the leading advertising option to reach consumers on mobile devices. Paid social is also typically less expensive than other forms of advertising, making it a powerful combination. However, the pricing for paid social can increase as you get more targeted or if your ads appear irrelevant by the ad platform algorithm. The most popular paid social ad platforms are:
- Self Storage Facebook Advertising
- Self Storage Instagram Advertising
- Self Storage TikTok Advertising
- Self Storage Snapchat Advertising
- Self Storage LinkedIn Advertising
- Self Storage YouTube Advertising
- Self Storage Twitter Advertising
- Self Storage Reddit Advertising
- Self Storage Pinterest Advertising
Self-Storage Paid Search Ads
Paid search is the most efficient way to reach consumers actively searching for self-storage products or services. Consumers often search the internet for questions about where they are in the buying cycle. A general search would indicate they are just beginning to research companies. A specific search would suggest the consumer is knowledgeable and close to selecting or purchasing. Self-storage advertisers can bid specifically on the most valuable keywords for their business, which helps them appear above their competitors for the most profitable keywords. Paid search ads are generally used for lead generation, local awareness, or e-commerce. Paid search ads can also be run on YouTube, where your business can advertise a specific video to appear first when consumers search on particular keywords or for competitors. The most famous Self Storage paid search ads are:
- Self Storage Google Ads
- Self Storage YouTube Ads
- Self Storage Microsoft Ads
- Self Storage Amazon Ads
- Self Storage Wal-Mart Ads
Self-Storage Local Ads
Local ads are essential for self-storage companies and are often overlooked because of the focus on larger ad platforms. Local ads allow you to reach customers near your business and offer them a reason to visit your business instead of your competitors. Local digital ads typically include promotions, deals, or coupons and often align with your current business reviews on that platform. This means having excellent customer service and reputation management to help grow your five-star reviews. Other physical ads like billboards, digital billboards, bus, and metro ads allow you to ensure you are reaching customers located in your targeted area. The cost to get a new local customer is often tiny compared to the lifetime value that customer will bring to your business. The most popular local ads for Self Storage companies are:
- Self Storage Facebook Ads
- Self Storage Google Local Ads
- Self Storage Yelp Ads
- Self Storage Nextdoor Ads
- Self Storage Billboard Advertising
- Self Storage Metro Ads
- Self Storage Bus Ads
Self-storage Radio Ads
Radio ads allow Self-storage companies to reach a captive audience, often listening while commuting in the car, at the gym, or working. Radio ads will enable you to talk directly to your customers and present. Radio ads are fixed in length and cannot be skipped, ensuring your audience will hear your message. Due to the passive nature of radio listeners, it’s essential to have optimized audio creatives and a significant enough ad budget to ensure that the average listener is reached at the recommended frequency. It’s recommended when possible to use the radio personality to read your ads as they have built Some of the most popular Self Storage radio advertising options are:
- Self Storage Local iHeartRadio Ads
- Self Storage Spotify Ads
- Self Storage Pandora Ads
- Self Storage Podcast Ads
- Self Storage National Radio Advertising
- Self Storage Talk Radio Advertising
Self-Storage Direct Mail
Direct Mail can be a powerful tool for self-storage companies to reach new and existing customers. With the increase of online advertising, direct mail can often be a hidden gem regarding going people inside their inboxes with targeted messages. Direct mail can be sent in mass with new automation tools and personalized before sending. The cost of direct mail often depends on the size of the mail (postcard vs. full-size letter envelope), and while postage can be purchased at bulk rates, it is still a rising cost to be considered. If you are interested in learning more about how your company can send out Direct Mail, please contact AdvertiseMint, and our team would be more than happy to walk you through the options.
Self-Storage TV Ads
There are several things that Self Storage companies should be aware of when running TV ads. TV advertising for Self Storage can be targeted to users locally, which is perfect for a company with just one location, or can be shown on a DMA, state, or national level for companies with multiple locations. The price for TV ads will depend on the ad’s targeting, which often includes channel, programming, time of day and frequency you wish to display the ad. If you have exact requirements, expect to pay more. Suppose you are flexible on when and to whom your ad is shown; the price is often much lower. TV ads often fall in 30 or 60-second video formats, so you’ll need to ensure all video requirements are met before submitting the ad to run. Best practices commonly include high-resolution visuals, apparent product features and benefits, testimonials, an enticing offer, and a clear call to action, including a phone number or website for the consumers to visit. There are also options for paid programming, including 30-minute or 60-minute segments played without interruption, typically between 11 p.m. and 5 a.m. If you are interested in TV advertising for your Self Storage company, please contact AdvertiseMint for more details and pricing.
How vital are reputation management and online reviews for Self Storage companies?
Every Self-storage company knows online reviews are essential for sales growth. In a digital world, online reviews on Google Local, Yelp, and many rating websites are used by your customers to validate your business and the products or services you provide. Most of the review sites will penalize you if you try to solicit reviews for your industry actively. However, a variety of strategies can be used to help ensure your online reputation is safe from negative thoughts. In addition, you’ll need a plan to praise five-star reviews while professionally addressing lower reviews, which potential customers often read. If you want to improve your total online reviews and average rating and help lower negative articles on your company from the organic search engine rankings, please contact AdvertiseMint to talk more.
Frequently asked questions about self-storage advertising and digital marketing.
Who is the best Self Storage advertising agency?
Advertisemint is the best Self Storage marketing agency. Our Self Storage advertising expert team has proven experience in the Self Storage industry. We bring a full-service team of expert account managers, copywriters, graphic designers, video editors, and media buyers ready to help you implement your marketing strategy and grow your Self Storage business.