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Retail Pricing

  • 1.  Retail Pricing

    Posted 26 days ago
    We recently just open our 3rd facility. We will be selling boxes and packing/moving supplies. I was just curious if there is a suggestion on how to price items? Is there a typical mark up rate people use? Or any suggestions on how to price our items. We know we won't be able to sell things as cheap as Lowe's or Walmart since they can sell so cheap with buying in huge bulk numbers. I want to make it worth while but not price us out of business either. Any suggestions on mark up rates?

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    Desiree Franke
    Mission Storage
    Lindale TX
    (903) 881-2520
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  • 2.  RE: Retail Pricing

    Posted 26 days ago
    We start by doubling our cost.  We also will call other facilities in the area to see what they are charging, and then adjust our markup to stay where our competitors are.

    Big box retailers like Lowes and Walmart are cheaper, but their "small" box is normally a lot smaller than the small book boxes most storage facilities carry.  So look at the dimension of what you are selling compared to them.  Our 1# facility for retail sales, they do over $1000 every month, is next door to Walmart.  We can't explain why they have so many walk-in sales but they do, and our prices are a lot higher than Walmart.

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    Sarah Cole
    Exec Admin Asst/Audit Coordinator/Marketing
    Oakcrest Management, Inc.
    Burleson TX
    (817) 426-5996
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  • 3.  RE: Retail Pricing

    Posted 26 days ago
    Edited by Desiree Franke 26 days ago


  • 4.  RE: Retail Pricing

    Posted 26 days ago
    Thank you for your feedback!

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    Desiree Franke
    Mission Storage
    Lindale TX
    (903) 881-2520
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  • 5.  RE: Retail Pricing

    Posted 26 days ago
    A good rule of thumb is retail price is double your cost of the item.





  • 6.  RE: Retail Pricing

    Posted 26 days ago
    Thank you!

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    Desiree Franke
    Mission Storage
    Lindale TX
    (903) 881-2520
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  • 7.  RE: Retail Pricing

    Posted 26 days ago
    Desiree, we price our retail products for the convenience we are providing (not necessarily based on the competition). Especially post covid customers are looking for a one-stop shopping experience. If you want your merch sales to go up...my recommendation is as follows: 
    1. Have a well-stocked neat display setup. 
    2. Learn about the customer needs during the rental process. 
    3. Walk every customer to the wall and discuss how the merch item benefits them. 

    Hope this helps.

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    Raheem Amer
    SVP - Operations
    Devon Self Storage Holdings (US) LLC
    Frisco TX
    (630) 660-2637
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  • 8.  RE: Retail Pricing

    Posted 24 days ago
    Thank you for your input!

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    Desiree Franke
    Mission Storage
    Lindale TX
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