It’s no secret that people are living more compact lifestyles. Many live in smaller apartments or houses, and not as many have an oversized garage to store tools, collected items, or family heirlooms. The need for portable storage has grown tremendously in the past decade because of this shift in lifestyle, which has led to the creation of external storage devices for cars like trailers and car carriers, as well as home storage units.
The need for these units has grown at a rate that is faster than the economy as a whole, and storage units now account for at least 1 percent of GDP. It means the market is increasing, and with it comes change. The demand for more compact storage devices has led to growth in portable storage companies. With this growth, many people want to invest to profit from their products and services.
1. A Small Investment Can Yield Significant Returns
An investment in a portable storage company can earn a profit of up to 10 times that of an individual investor by simply making money off of purchasing the units in bulk and reselling them as storage companies. Therefore, if you invest $30,000 in a company that makes car storage products, you will make back $60,000 if you sell off 100 car storage products, depending on the size and value of the product.
2. Recession Proof
Portable storage companies are rarely affected by recessions because they cater to society’s needs. For example, if people are losing homes to foreclosure and are looking for a place to store their belongings, the storage companies cater to that need and usually make a lot of money during those times. Therefore, companies with portable storage units often take advantage of the opportunity when other businesses close or lose their stock value during recessions.
3. You Can Be As Involved or Uninvolved As You Want
If you want to invest in one portable storage company and do nothing, you can do that. Or, if you are more hands-on, you can run the company’s business end and take advantage of buying directly from manufacturers. It gives the investor many options as far as what they can do.
4. The Investment is an Asset Because It Produces Income
Portable storage companies can make money from a variety of sources. They can sell the product or service, a percentage of stock in the company, or a service fee. They can also offer to finance if they are a bank and sell products like security plans.
5. You Can Invest As Little or Much As You Want
There are many investment options depending on how much money one wants to invest in a portable storage company. One can purchase a car trailer from a portable storage company and resell it for a profit. One can invest as little as $2,000 or more if they want to make the company more profitable.
Investing in a portable storage company is a smart choice for any investor. You can make a lot of money buying storage products in bulk, reselling them, and investing in the company’s growth over time. The best part is that you can be involved or uninvolved as you see fit.