Starting a New Business as a MI-BOX
Dealer
Starting a new mobile storage business doesn't have to
be difficult if you have the right knowledge and experience. Learning something for the first time
always takes more time and in business, usually costs more. MI-BOX Mobile Storage started
in 2004 and has grown to service customers from coast to coast in the United States and Canada. Our mobile
storage dealership network is continually growing and developing new moving and storage business solutions for
our customers. MI-BOX storage containers and level delivery systems have been tested for years in
virtually every climate and situation. We developed and refined our business model to work with any type of
business. Our marketing programs have been tested and are proven to produce results. The knowledge and
experience our dealers have learned over the years is available to every new MI-BOX dealer. We want you to know
what we know, we want you to learn what works and why, we want you to succeed and we will support each dealer to
the best of our ability. Why? The answer is simple. Because our name depends on
it!
Getting Started In Mobile
Storage 
Step 1: Deciding on the Right Products
Every mobile storage business is built using
portable storage containers and a way of delivering them.
We encourage everyone getting into mobile storage to exhaustively research your portable storage container and
delivery system options. Then, compare your findings to MI-BOX. If you can find a better portable storage container... buy it. If you
can find a better container delivery system... buy it. We
manufacture and use our own products in our business. They work for us and they will work for you too. Build your
business foundation with storage containers and container delivery
systems that gives your business the competitive advantage from the
start.
Step 2: Know your Service Markets
Mobile storage offers the tremendous benefit of delivering moving and storage
services to your customers. On a daily basis, mobile storage businesses can effectively service about a 1 hour
drive time from any facility. Yes, it is possible to travel beyond 1 hour, but your efforts should be concentrated
within this radius to maximize results. Mobile storage services 3 primary
markets.
1. On Site
Markets: This market is defined by customers who are in need of a storage container
that is delivered to a customer and left there until they are done renting the unit. Great for remodeling projects,
restoration companies and commercial contractors. One initial delivery is made to bring the container to the
customer and one final pick up is made once the job is completed.
2. Site to Site Markets: This
market is defined by customers who are in need of a container being delivered to a customer's initial site and
moved directly to another site designated by the customer. Similar to the U-Hauler's or truck rental markets. This
can be for any period of time, days, weeks, months or even years. Storage containers are rented by the month, so
the customer is under no time constraints. An initial delivery is made to bring the container to the customer, a
return trip to that location is made to retrieve the storage container. The container is delivered to the
customer's final destination, and a final pick up is made once the job is
completed.
3. Secure Storage
Markets: This market is defined by customers who are in need of a storage container but also
need a place to keep their stored contents for any length of time. Very similar to self-storage, this market
provides moving and storage services but also offers the tremendous benefit of convenience. Customers don't have to
rent a truck, pay fuel charges or be under the time constraints of making multiple trips to a self-storage
facility. An initial delivery is made to bring the container to the customer, it is left there until the customer
has had time to load their contents. Once loaded, the storage container is picked up and brought back to a secure
warehouse or fenced in lot for storage. Customers may come out to retrieve any stored items and a final delivery is
made when the customer is done renting. A final pick up is completed once the customer's belongings have been
unloaded.
These are the markets mobile storage services. Virtually every single
customer will fall into one of these categories. Research these markets in your service area. Understand the needs
of your customers. Know your competitors who service these markets. Use products that give your business the
ability to perform a greater service to your customers to give you the best chance of success. As a
MI-BOX dealer, we will help you properly identify market opportunities in your
area.
4. Develop Your Business
Plan: Not all business are alike. Create a vision of how you want your business to look and
most importantly, know the numbers associated with it. Will you be doing everything yourself? Will you have a few
employees? Will you rent a warehouse or secure storage lot or buy one? Understanding your monthly expenses is
critical to reaching your goals. Don't worry, MI-BOX will assist you every step of the way. Using actual expenses
from our dealer operations, we can help you build an accurate expense analysis. Once you understand your expenses -
It's time to understand your income.
5. How Dealers Make
Money: MI-BOX dealers rent containers to residential and commercial customers by the month and
charge delivery fees to get containers to their customers and pick them up. Monthly rental rates are determined by
each dealer but are typically in the range of other competing business. On average, 16 ft containers rent for $ 190
per month. Delivery charges also are determined by each dealer and vary by distance traveled. Typical delivery
charges range from $ 65 - $95. MI-BOX charges an initial delivery charge and a final delivery charge. To illustrate
the income from one rented 16 ft. mobile storage container see the
following.
|
1
container
|
16 ft.
|
|
avg. monthly
rental
|
$ 190
|
|
avg. time
rented
|
6 months
|
|
avg. initial delivery
fee
|
$ 75
|
|
avg. final delivery
fee
|
$ 75
|
|
total income from 1 rented
container
|
$ 1140
|
|
average monthly income per
container
|
$ 215/mo
|
Multiply the average monthly income per rented container by
your number of containers to determine your effective gross income. Then, subtract your monthly
expenses to determine your effective monthly income.
|
containers
|
50
|
100
|
150
|
200
|
250
|
350
|
450
|
550
|
|
monthly
income
|
$10,750
|
$21,500
|
$32,250
|
$43,000
|
$46,225
|
$75,250 |
$96,750 |
$118,250 |
6. Be Realistic: Know your limits and
financial capabilities. Everyone is different, therefore every mobile storage business will have its own unique
characteristics. Will you start small and build it over time? Will you be an owner operator or will you have
employees? How will you finance your business? Answers to these questions will help shape the outlook of your
mobile storage business.
7. Make A Decision: Once you have the
product knowledge and understand the numbers. You need to decide if mobile storage is right for you. If it is, then
decide if you should figure everything else out on your own, if a franchise is right for you, or if you want the
freedom to run your business using the most trusted brand name in the industry. Decide if a MI-BOX Mobile Storage Dealership is right
for you.
MI-BOX will assist any prospective dealer free of charge.
Getting you the correct information to make sound business decisions is what we do. Using quality products
that last is who we are. Let us help you with your mobile storage decision.
|