10 business ideas to start with an empty warehouse to earn extra income

Did you know, an empty warehouse can be used for many reasons especially for startups? We have jotted down 10 business ideas that you can start in an empty warehouse. If you are lucky enough to have a warehouse at a good location such as in a commercial place, manufacturing hub, then you can consider yourself being happy that you are on the way to financial stability.

Even if your warehouse is not located in a popular place then you can still make money if you have to go about it. Many businesses can be done in an empty warehouse and one can require establishing a manufacturing or logistic company that is a well functional warehouse. Even if you don’t have one, then you will be forced to lease one for your business. Here are 10 business ideas you can start in your empty warehouse.

1) Lease a manufacturing company

Many manufacturing companies don’t need enough space to store the goods and would require a standard and well-secured warehouse. If you are looking for a business idea, you can start from an empty warehouse, and then you should think to lease it out to a manufacturing company.

2) Lease a rental company

It all depends on what your empty warehouse is about. Some rental companies may not have their warehouse and will find it convenient to lease a well-positioned and secured warehouse to keep the supplies ready. Signing a lease agreement with such companies is a good business idea and you can leverage on to make money from the empty warehouse.

3) Use it as an event center

If you have an empty warehouse, one of the businesses, you can do with it is to convert it into an events center. This will be applicable if your warehouse is located in a good location and is quite big enough to accommodate a good amount of people per per-time. You can choose it directly to rent it out to the people who want to organize the events, or you can lease it out to an event planning company that is already in your clientele base.

4) Organize mini trade fairs

There are many people out there who love trade fairs. This is especially true if the things that would be on the display at the fair for such things can attract a lot of people. This is how it works, you should mark out spaces and then rent out the spaces to businesses or individuals that would have different products and services to sell or display. With such an idea, you can make money from your empty warehouse.

5) Art Exhibition center

Here is another interesting business idea and that is a profitable art exhibition center. If you can start with your empty warehouse you can use it for the art exhibition center. You can collect fees from the artist who would want to exhibit their artworks in the empty warehouse.

6) Clothing line production business

The clothing business is one of the many businesses that can be started from an empty warehouse and the owner of the business can still penetrate the world market once the design is good and it meets the needs in the fashion market. Business owners who intend to start their own clothing line business can start their clothing label from their empty warehouse on a small scale to a customized market.

7) Fun Game center

Another off-beat business idea would be that you can start your empty warehouse as a laser tag game center. Laser tag is a kind of game that is played with lasers. Not just laser tag, but one can conduct different game zones for people for fun and by this, they can earn extra income from these small businesses.

8) Start an auto repair garage

Another ideal type of business that can be done would be to start an auto repair garage in an empty warehouse. It will pay you to hire a professional auto mechanic man to do business with you.

The truth is that people will always visit an auto workshop if they need they would start their vehicles to continue to ply the roads. People would visit auto garages for different reasons it could be for routine servicing or major repairs and works. For whatever reason it is, an auto repair garage will always translate to money for the owners of the repair garage.

9) Start a gym

At this age, many people are taking exercise very seriously and gyms have been one of the best businesses in today’s age and time. The warehouse is one of the places that you may want to start a gym from. You have to make sure that you start with a few basic types of equipment.

10) Start a recording studio

The recording studio can be considered as one of the best options for an empty warehouse. It Is well equipped nice place where musicians come and record their songs. You can also consider putting the interior of the warehouse in a good shape so that it fits well on what can be used for what. By this method, you can earn extra opportunities to earn more and make good use of the empty warehouse.

Conclusion

It is important to note that even though you are starting these businesses from a warehouse, you would still need some cash in hand that will be used for different purposes for a warehouse. Some of the businesses are well listed above and this may need wall partitioning and installation of the machines and equipment that will make running the business a whole lot effective.

Credits: Krishna Rao

December 9, 2021 0

What activities can be done in a short term renting space?

Maximum use of the flexibility in the use of short-term rental space is the perfect opportunity for retailers and e-commerce brands to experiment and be quite impactful. Short-term retail strategies are on the high rise, as its low-risk experimental play could give you huge rewards and allow you to earn extra income. As a marketing tool, these strategies are ruling retail this year, be it the prop stores or the huge physical retailers.

Renting a space in short term renting space is a trend that is here to stay and affects consumer views for a positive outcome. Here are few activities you can benefit from short-term renting space.

Expand new market– Short-term rentals are a great opportunity to expand a brand into a new market or test a physical location. Many brands have experimented with such concepts in multiple cities, eventually leasing their business in a specific location. A person can rent such space to grow their small business and can help them reach wonders.

Renters can be used as an experiment- With short-term renting, retailers and renters can be considered as temporary retail to experiment with products, collection, and collaborations. Using a short-term renting space as a smart way for brands to announce temporary collaborations and collections is well.

Small-time activities- Businesses with small activities like dance classes, coaching classes, Office meetings, etc. can be performed in a short-term renting space. Short-term renting spaces like empty clubhouses, empty office spaces, open grounds, etc. can be used as short-term renting space.

Putting out your new clothing brand/shopping- Clothing workshops and shopping can be one of the best use for a short-term renting benefit. If you are looking to put out a new clothing workshop or in a store temporarily, then short-term renting spaces can be considered as one of the best use. You can call out your customers to visit the store during that period and then you can sign in a contract with the rental space owner or even extend the lease according to your requirement.

Related Topic: Long term renting benefits

Workshops and coaching centers- There are many people with small businesses or learning willing to conduct workshops for their potential customers and sometimes, your house can be considered small for conducting your workshops. Empty spaces with short-term renting options can help you start your workshop and help you grow your business reach wonders. While we are talking about workshops, coaching centers can be conducted in short-term renting space, wherein a certain amount of teachers can teach in a certain period and one can book the slot accordingly.

Work from home might be difficult- Because of the pandemic, work from home has been increased and has been the only option for all the employees. But for some people work from home can be very chaotic since everyone in the house is working from home. In such cases, empty spaces can be considered as one of the best options for such employees to come in and work every day wherein the rent wouldn’t cost much too. Empty spaces near your house can be considered one of the best options at this time with good maintenance.

July 27, 2021 0

Long term renting benefits

Investing in real estate is one of the best ways to earn extra income. Real estate is very diverse and it needs lots of strategy and planning from anything ranging from fix-flips through key properties to space rentals. The biggest question to be asked is: What are some of the best ways to make money in real estate? If you would ask different real estate dealers this question, you are bound to hear a lot of answers. However, the most asked question would be, to invest in long-term rentals.

Long-term rentals are called rental properties that are purchased for long-term leases. One of the most common ways to invest in real estate, but it is one of the most lucrative ways. There are many benefits of long term renting and here are some as follows

Continues cash flow

The bread and butter in any rental property is continuous cash flow. In that sense, having continuous cash flow means to have profit after the expenses have been paid from rental income. From long-term rental investors, the goal is to have continuous cash flow which is quite achievable.

As long as the tenant is going to be secured for a long-term lease and expenses are paid off, you can have continuous positive cash flow. If at all you are interested in looking for long-term rentals with continuous cash flow, you can search on the myrsa website for empty property spaces.

Appreciation

Not only you can receive immediate profit with long-term rentals through continuous cash flow, you might even earn profit through appreciation. Long-term investments increase their value over time. If you are planning to sell the property wherein you have invested after several years, you could earn a huge profit.

Related Topic: Short term renting benefits

Consistent rental income

When you start investing in short-term rentals, rental income is not reliable as you would like. Many factors come into the picture like seasons, location, tourist attractions, etc. These factors can influence long-term properties as well, one thing for sure, long-term rentals generate continuous rental income. Tenants interested in long-term properties can plan for staying in that location for an extended period. This leads to sign them long-term properties leases, which enables stability and consistency for you for rental income.

Tax benefits

You might hate dealing with the tax forms. If you are interested in Long term renting, the responsibility of tax forms would come in handy. These types of benefits allow them to get involved in real estate. So, if you are investing in long-term renting, these advantageous deductions would be just another one of the plentiful benefits you are receiving.

Market change

The real estate industry is dynamic and has a million changes when it comes to property value that will increase or decrease over time, and the rent prices will likely increase. With long-term rentals, the rental market trends will improve the property value and rent. The rent prices uptick as time goes. Long-term rentals can also be as an inflation hedge.

Bottom line

Long-term rentals are considered the best real estate investment opportunity out there that can benefit you. They are some flexible options available, that you can benefit from actively and passively. Long-term properties offer some tax deductions. Investment is one of the smart ways to wipe off the debt and be ready for a retirement plan

July 9, 2021 0

What activities can one perform in an empty space?

The increase of empty spaces around got us thinking about what can one do or perform activities in an empty space by earning extra revenue. We came up with a lot of ideas for empty spaces that we can share with you in this blog.

You would have an empty space that you had brought a while back and now it is just empty. Now the question is how can you make use of the empty space?

The standard answer to this would be a pocket park, a little green space, a bench or two, or maybe just that. But apart from these, there is much to do.

Here is a list of activities to do in an empty space

Make an event space: Maybe you can set a little stage indoor of the empty space for students to hold performances there. Just installing a stage doesn’t mean anything that it is of no use. Dance classes can take place by experts in particular slots for the same.

Let people decide: One of the other options would be if anyone with their own choice of using the empty place would approach you. Maybe they would want to run a dance class or arrange for a business meeting or event.

Office meeting space: You might need a separate space for a while at some point of your week for special office meetings like discussing with the clients, presentations, etc. Your office might have a different room for it but client meetings call for a special empty space.

Clubhouses for rent: With an empty space like a clubhouse, you could make the best use of it by conducting some of your best talents like dance classes, singing classes, art workshops, general workshops, etc. By that society, clubhouse would earn extra revenue and you would get an opportunity to grow your business.

Open grounds for rent: When we talk about open grounds, we mean open spaces that are best used to grow your business by utilising it for different activities like sports practices, karate classes, football grounds, etc.

Open hall for rent: Open halls are best used for events for special occasions and business events. This will give you an opportunity to increase your business by conducting these special events on such open grounds.

Empty cafeteria: Indoor eating is considered the best especially during monsoons. Different types of the eatery can be kept in the empty cafeteria for everyone’s entertainment.

Empty studio for rent: Studios can be used for different dance performances, music classes, instrument playing, etc. By performing such activities, you can earn extra revenue and grow your business at the same time.

Bottom line

You can go out and look for empty spaces but going out can be a bit of a hazard. Online listing websites like www.myrsa.in can give you an opportunity to earn extra and help you grow your business.

Want to Earn Revenue from an Empty Space?

June 22, 2021 0

Petrol Pumps: Your One-Stop Destination to Advertise

No matter where you live, transportation is a very important aspect of your life.People usually travel depending on their convenience and how much they want to spend. After the COVID-19 pandemic, everyone has been wanting to buy their cars so that they can travel safely without the hassles of travelling in crowded public transports. Almost every car runs on fossil fuels like petrol and diesel. Depending on how much your regular commute is, you visit a gas station to refill your fuel tank. For some people, a gas station would just be the place where they can get their tank
full and leave. But automobile enthusiasts always look for great products that can supplement their driving experience.

Many brands of synthetic oils, batteries and local garages advertise at gas stations as that’s a convenient place to gain the attention of vehicle owners. Brands also set up kiosks and pop-up stores at gas stations for attracting consumers to buy products quickly. It not only helps brands to make a quick sale, but it helps them in promoting their new product line ups. Various foreign brands have entered the Indian market through marketing at gas stations as their first move.

Related Post: Malls not just for enjoyment?

Brands like Shell, Castrol, CEAT tires and Exide Batteries partner with
companies like Hindustan Petroleum and Bharat Petroleum to maintain their brand presence all across India by advertising at gas stations by setting up pop up stores and kiosks. They also have sales representatives who are continuously on their toes to cater to customers so that sales can be fast.

All of this is possible only because gas stations rent out spaces to brands
temporarily for advertisements. This helps them in making extra money and also helps brands to reach out to their target audience whether it’s a long road trip, a local commute or a remote area.But marketing options might be a hit or miss due to some factors which include not finding gas stations that have empty spaces for rent temporarily. Space is always available, but what if you had access to all these temporary spaces at gas stations at your fingertips? Well, you’re in luck, as we know just the thing you need.

Related Post: Grounds: A vast area for many businesses!

Myrsa is a platform where you can find thousands of temporary spaces at different locations according to your convenience, whether it’s a gas station or a parking lot, get a temporary space where you want and when you want. All of this at your fingertips seems like a dream, right? Your search ends right here.
Log on to www.myrsa.in and know how easy it is to get a temporary space hasslefree.

March 4, 2021 0

Category: temporary space on rent