What’s More Profitable: Storing Products at Your Place or Renting a Storage Space?

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The decision to store your products at your place or to rent a storage space might seem like an easy decision at first glance. Many would argue that storing your products at home is more profitable. However, certain factors say otherwise.

According to Printful, storing your products in your home adds additional expenses such as installing extra storage. In the long run, storing your products by renting storage space is more useful since you don’t have to deal with all the hassle of storing the products and other time-consuming issues.

Water leakage can also cause damage to your stored products that might significantly impact you financially. Let’s see why renting storage space is more profitable than storing products at your place.

Time Management

When you store products in your home, you have to be very organized. Furthermore, you will have to store products more often if you ship a lot of them. This implies a lot of time wasted on transportation, organizing your products, waiting for shipments, and other issues.

If you don’t have anyone to help you, it only takes a bad cold, an injury, or any disruptive event to halt your business activities. With warehousing and fulfillment, you can save a lot of money and time and focus on growing your business instead.

If you get a cold or suffer an injury, it’s more likely you will be able to work from your computer and keep your business going. With warehousing and fulfillment, you can store the products you sell at a warehouse and let that organization fulfill orders and ship the products instead.

With this method, you save a lot of time fulfilling orders and delivering them faster. This method is even profitable for those with storage units or workers handling the products because they won’t need to pay a lot of people.

Warehousing and fulfillment are great for anyone who doesn’t want to fill their house with eCommerce products and wants to make their business more efficient by saving time and money. The procedure is quite simple.

Once you find a reliable storage renting and fulfillment company, you must submit your products for approval. If your products are approved, the company stocks your products, syncs up with your store, and ships them when you get a sale.

You can save time, money, space and focus on improving your business, while the efficient shipment policies will help you sell your products faster.

No More Security Issues

When you store products in your home, you always have to worry about a burglary, even more so than regular homeowners. This added stress can affect how you conduct your business, making it less profitable, and if you want to install a security system, you need to spend some extra bucks, but the stress is still there.

When you rent a storage space, you get rid of all that stress. Some storage providers offer insurance, so even if their storage units were burgled and your goods were stolen, you can still receive compensation.

Warehouses are often more secure than your home since they have advanced security systems and guards. Even if you recover the stolen goods from your home, the event itself will disrupt your business activities and shipment, resulting in losses.

Avoid Costly Accidents

A storage space is more profitable than storing your products at home since it is less likely that an accident can happen. For example, it will only take a leaky roof in your home to damage your products.

If you have children or pets, they could play around and damage your products. Warehouses store your products safely and securely so nothing there can damage your products. However, depending on your contract, you might be able to receive compensation if they do get damaged or stolen.

Final Words

Storing your eCommerce products in a warehouse is more profitable than storing them at home in the long run. You won’t have to invest in security systems, worry about pets or children damaging your products, and save time that you can use to make your business more profitable.

Storage, transportation, and shipment take a lot of time and effort. Furthermore, if you feel unwell or suffer an injury, your business can still continue when you have a warehousing and fulfillment contract, allowing you to rest and heal. If you are the one storing products, it takes only one bad day to fall behind with your orders and responsibilities.

 

Author Bio: Before joining On The Map, Destiny Ricks worked in a diverse range of organizations, including small business startups and large corporations. Ricks specializes in content writing and editing, as well as marketing and social media. Her varied background in copywriting and editing provided the perfect foundation for her current role. Destiny Ricks is a Content Director with On The Map; in this role, she manages and coordinates the Content Writing department.