3 x 🚨Industry Report🚨 Highlights

Good Morning Store Nation,  

What a day I have today -

• Meeting The Awesome Kevin Thompson at Mansfield at 9.15 ish (BRILLIANT consultant … even better guy) 🙌

• 6-7 Coaching my kids under 8s team ❤️

• 7-8 Watching my 9 year old train ❤️

• 8-11 Watching Man City 🥳

Days dont get much better ✅

…. Ohhh and im sure il bump into the wife at some point as well 😂

Anyway … On to yesterdays results 🤨

Self Storage Secrets Course Waiting List

Yesterdays Stats …

• 3 Reservations

• 3 Move Ins

• 5 Move Outs

Lets … Do … This …

Here's what's coming your way today 😎🎯

🤐 A Self Storage Tip - “3 x 🚨Industry Report🚨 Highlights”

🤝 3 Self Storage News Stories

🧐 Yesterday’s figures for each facility

🥸 1 Meme of the day

Self Storage Tip 💡 💰

3 x 🚨Industry Report🚨 Highlights

🚨Industry Report🚨

Massive Milestone Reached For The Self Storage Industry 🥳

OVER £1 BILLION IN TOTAL REVENUE

This is nuts!

I can only see it processing one way☝️🎇

Nothing really else to say on this other than the industry is progressing nicely ✅

🚨Industry Report🚨

I’ve screenshot this part of the report as I think they have brought up a great point!

How DO We Measure The Length Of Stay

The report correctly mentions there are 2 main ways of measuring length of stay (and both have their issues)

1 - Fixed Point In Time

IE We run a report today and we get the results

The problem is someone who moved in this month will count as “under 3 months”

When they could stay for years

2 - Measure It When The Customer Moves Out

IE We only log the data once someone has gone … This giving the exact time the customer has been in

Makes perfect sense but then some people will never move out and therefore don’t collect their data

Never The Less Customer Length Of Stay Is AMAZING Data

The big takeaway for me is …

The majority of Domestic and Business Customers have been in self storage for OVER A YEAR! 😲

Wow … Thats incredible 🎇 

🚨Industry Report🚨

63% of customers drive 15 minutes or less

The breakdown is …

24% drive between 11 and 15 Mins

28% drive between 6 and 10 mins

11% drive less than 5 mins

I find this absolutely fascinating!! 🤔

It really does underline the how important it is to look at the population in a 15-minute drive time.

Luckily for Self Storage Secrets Course members we have a bit of software that tells you this exact information

I know I know … Shameless Plug 😂

Industry News 🧐

• Willbox’s new expansion plan

• Exploring Big Yellow Group And Two Other High Yielding Dividend Stocks In The UK

• FUNDS RAISED …. £40,000 to Wrexham-based Wynnstay Self Storage

The Fun Bit - My Business .... Bare Butt Naked! 😲 🤫 🤭

Willerby (Hull) … My Big Site

• 1 Reservations

• 0 Move Ins

• 4 Move Outs

Month to Date -

• PLUS 145 Sq Ft

Reservations so far this week = 4

Move Ins so far this week = 1

Clough Rd Figures ... The Automated Site

• 1 Reservations

• 1 Move Ins

• 0 Move outs

Month to Date -

• PLUS 295 Sq Ft

Reservations so far this week = 3

Move Ins so far this week = 1

Beverley … My Baby (First Site)

• 0 Reservation

• 0 Move Ins

• 0 Move Outs

Month to Date -

• PLUS 470 Sq Ft

Reservations so far this week = 0

Move Ins so far this week = 0

Wrexham's Figures (Indoor) ... My First Acquisition

• 0 Reservation

• 1 Move Ins

• 0 Move Outs

Month to Date -

• PLUS 440 Sq Ft

Reservations so far this week = 3

Move Ins so far this week = 2

Mansfield Figures … My New Site

• 1 Reservation

• 1 Move Ins

• 1 Move Outs

Month to Date -

• MINUS 625 Sq Ft for the month

Reservations so far this week = 2

Move Ins so far this week = 1

Meme / GIF of the day - 👀 😂 

Health and Fitness ... Move More = Live Longer - 🏋️‍♀️ 🏃

Weekly goals -

• Gym - 3 times

• Run - 25 miles

• Boxing - 0

Results so far -

• Gym - 1 …. I know im shocked as well … haha

• Run - 12.5 Miles

• Boxing - 0

Yesterday’s Steps - 17,582

Loads of self storage love,

Dean ❤️ 🙃