How to Increase the Conversion Rate in Your Self-Storage Business
Take a look at our 7 expert tips on converting leads into renters.
In the self-storage industry, a reservation or a rental is typically the measured conversion. Our previous article on online marketing, focuses on the methods of attracting leads, which is essentially only half the job . In this article, we focus on turning these leads into customers. Take a look out our 7 expert tips below to learn how.
Find Out How You Can Successfully Convert Your Leads to Renters Below
A study on how potential clients find a company for their self-storage needs showed that online search, aggregators, yellow pages, and billboards topped the list.
Come up with appropriate marketing strategies using these channels if you want to drive more leads to your business. You could also create incentives such as rewards upon referral to turn a potential customer into a tenant. A great new way most self-storage businesses market online is with the use of short and informative videos.
Read more about how to market your storage facility online
2. Respond quickly to questions from your prospective clients
This requires you to answer your calls religiously. If a lead calls and your team is unable to respond promptly or adequately, you’ve lost a tenant without even getting started. You're probably wondering what type of organisation doesn't pick up the phone.
A recent study revealed that over 25% of calls to a business are answered after three rings, with half of them being answered through voicemail. Ensure that you’re always available for enquiries from your renters, otherwise they are bound to go elsewhere
3. Ask questions
Try to gather as much information as possible on your prospective leads. The goal isn’t to force a sale but rather to understand the customer’s need. This way, even if what they’re inquiring about is unavailable, you can suggest an appropriate alternative. Tell them about the special packages you offer with your space. Security, accessibility, climate control [insert link], and insurance are a few things that could turn a lead to a renter.
4. Go digital
Creating an online presence is no longer a nice-to-have. Consumers these days expect all services to be online and booking & managing their self-storage units is no exception. Make your website user-friendly and mobile-responsive. A large portion of your leads will be looking for storage from their phone and SEO rankings are severely worse if your site doesn’t work natively on mobile. Your leads should be able to get quick answers to their questions so include an FAQ page and consider adding a on-site chat service too which helps also with customer engagement.. Also, adding a customer portal to the website is a great way to allow leads to rent and manage their units and invoices at their convenience.
5. Qualify your leads
Tenants are not the only ones who should run a check on a potential self-storage provider. You should also screen your potential renters. You can significantly reduce defaults and late payments by checking their credit scores and verifying the identity & profile of online sign-ups. There are a number of services out there to help streamline this and provide you with the most up-to-date information on your potential tenants.
6. Have a go-getter attitude…
…but don't be pushy. Let your client make their decision on their own. Just give them a gentle push in the right direction. Having a go-getter attitude also requires you to canvass for potential clients. Acquaint yourself with possible businesses that may require storage spaces and search for people who would eventually need it. Such businesses include a storage space for an e-shop, second-hand goods store, a music or photo studio, or even a fixing company. The possibilities are endless.
7. Invest in a good self-storage software
Invest in management software that works for both your customers and your business. It is important the software works from anywhere and includes features such as automated billing, online move-ins, interactive site maps, comprehensive reporting and integrates well with security systems and other services providers..
In the next couple of decades, the self-storage industry is expected to continue growing exponentially. Once you become an expert in attracting and converting leads, you’ll be in a great position to expand your business for the long run.