If there is a business idea that you can execute in Texas without fearing for the lack of opportunities, it has to be warehousing. So many independent contractors and business owners do not have ample space to hold their supplies. This is where you come in. You are able to offer storage space and they pay you for it. Starting a Texas warehouse for rent such as a Food grade warehousing & storage may not be easy since there is so much logistics involved. In addition, the business idea is capital intensive. The returns, however, are very impressive.
Here are 4 basic steps for starting the business:
1. Meet the Startup Cost
You may spend $10,000-$50,000 to set up a warehouse in Texas. The costs depend on the storage space that you are setting up, the type of service that you provide, and the type of customers that you are targeting. At this point, you also need to consider the licensing. To get you started, you’ll need to apply for a DBA (doing business as) that costs $20-$50.
2. Furnish the Space
This is where you are likely to spend most of your budget. You have to furnish your newly established warehouse with equipment like forklifts, cold storage facilities, and computer systems. You also need to budget for distribution trucks, security features, and inventory software.
3. Hire Workforce
You need to hire people to help you with the daily operations of the warehouse. The employees that you employ depend on the kind of service that you specialize in. If you are involved in distribution services, you’ll need logistic experts to oversee the flow of products across the warehouse. You’ll also need to hire lifters to manually carry some of the products and trained operators to handle the forklifts.
4. Get Customers
This is all about running a great marketing campaign for your Texas warehouse for rent. You can list your business with the International Warehousing Association or the yellow pages. You can also consider recognized trade publications such as Bookseller. In addition to the ideas, you’ll need a user-friendly website for the business. Social media is another great platform that you can leverage for marketing you warehouse for rent. Invest in Facebook, Instragram, Twitter, and LinkedIn marketing to get your services out there to your target audiences. You can also opt for pay per click (or PPC) marketing for accelerated results.
The above steps provide you with a summarized guide for starting a warehouse rental business. Follow them diligently if you are new to the warehousing sector and you’ll have an easy time. You will start reaping the benefits when the warehouse is in operation.