Self-storage success: now vs 5 years ago when rates were just 5%.

By Marc Goodin, CEO Stoarage Authority Franchise www.storageauthorityfranchise.com

5 years ago:

100 People thinking about investing in self-storage:

   50 Give up after a week of thinking about self-storage investing

   45  Give up in a month with only minor research being done

     5 Start their self-storage journey.  4/5 give up 3 – 6 months.

     1 Build or purchase a new self-storage

Present:

100 People thinking about investing in self-storage:

  50 Give up after a week of thinking about self storage investing

   45  Give up in a month with only minor research being done

     5 Start their self-storage journey  2/5 give up 3 – 6 months because too hard.

     3 Build or purchase a self-storage

With lower interest rates and lower construction costs five years ago, most people would assume it would have been easier to be successful 5 years ago.  But success is not determined by the economy.  It is determined by a person’s commitment and consistancy.

Here are the 3 reasons why more people starting in self-storage today will be more successful than people who considered self-storage 5 years ago or may consider self storrage 5 years in the future:

People who start a business in a difficult economy:

1  Understand & believe it is going to be hard so they are prepared to do the hard work required

2  They do not accept C locations.  They continue to search out A locations so they will have a successful business in both good and bad economies for a real retirement income.

3 They understand there is less competition and more opportunities in a difficult economy.

Is wealth one decision away for you?

Email me at marc@StorageAuthority.com for your free copy to help you make a quick desion one way or another.