Recently, Add It introduced an eBay consignment solution for the Self-Storage Industry. It’s an exciting new concept for self-storage and has the potential to be the most profitable ancillary service a facility can add. It’s a simple concept that works within your existing space and utilizes existing labor. There are four components that drive our business in storage facilities:
1. Selling items for current customers:
You are already in the business of having people bring you their stuff, and this program targets items with an eBay value over $50 that can easily be shipped. Only a few items from each unit fit that description, so you'll never have a problem with people "selling all their stuff". It just doesn't happen! |
2. Reducing Accounts Receivable
It can reduce outstanding A/R by as much as 20-40% by providing agents with a way to give late tenants a perfect solution. Simply offer to sell an item or two from their unit or home . They keep out of foreclosure, while you reduce A/R and make money on the transaction. |
3. Liquidating Delinquent Accounts
Bad debts can be a big number. Why take $50 for a unit at the live auction, when selected items can earn you $250.00 per unit? We have proven that you can increase your bad debt collections by an average of 4 times. Simply sell selected items via an electronic auction and sell the remainder of the unit at your live auction. You can even list the entire unit. |
4. Driving Retail Traffic
New walk-ins can also use your storage office as a location for selling items on eBay. You are now an eBay drop off point, a power seller, offering this service to anyone. |
Add it will provide you with the training needed to run the business, provide the software to manage the process and make available the marketing materials to promote the service and educate your customers. You will be responsible for photographing the items, listing them on eBay, shipping the item when it sells and paying the consignors. For your work, you will keep 33% of the first $600 of an item’s selling price and 25% of the remaining balance plus the shipping revenue.
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