Estimated read time: 3-4 minutes
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
In the last decade or so, the sharing economy has reshaped literally everything. Companies like AirBnB, Uber and Doordash have revolutionized their industries. And even though not everyone has taken kindly to this disruption, the consumer has been better for it.
But this peer-to-peer business model goes beyond those giant companies; it is present in nearly every industry out there. Need a massage? A babysitter? Someone to park your car in a busy city? There's a crowdsourcing platform for you.
And like consumers, many businesses have also hopped on the bandwagon—as users. In fact, according to business.com, nearly 70% of businesses use some aspect of the sharing economy at least once a month and 26% on a daily basis.
One Utah start-up is using this crowdsourcing model to help other businesses. Founded in Utah, Warehouse Exchange is the AirBnB of warehouses—and the only solution of its kind in the market.
Long gone are the days of unwanted long-term leases, middlemen and unused space. Whether you're looking to rent or rent out a warehouse, Warehouse Exchange has got you covered—regardless of how much space you need.
Buyers
Good news: your company that specializes in bootcut jeans and standing desks is finally taking off! Bad news: you need more space to store all your new inventory and keep up with the demand. That's where Warehouse Exchange comes in. Here are three of the platform's key benefits for buyers.
The right fit
Traditionally, warehouses have only been accessible to larger companies. That's bad news for your bootcut jean/standing desk venture, which is still in its early stage. But with Warehouse Exchange's a la carte offerings, you can find a space that is the right size for you and provides the services you need (without a large security deposit). And because you're not renting space you don't need, you'll be saving a ton of money, too.
Flexibility
Many have tried to predict the future but few have succeeded. Who knows where your company will be in five years. Was the return of bootcut short-lived or was it here to stay? Because you're not taking on long-term leases or rigid contracts, Warehouse Exchange allows you to scale your business up or down as needed.
Simplicity
Finding and booking the right warehouse has traditionally been a tedious process full of legalese and frustration. By allowing you to look and book on the same platform, Warehouse Exchange solves that problem. You'll also save a lot of time, allowing you to research next year's fashion trends. Are mullets coming back? Asking for a friend.
Sellers
If you need a good reason to rent out your excess space, it all comes down to the bottom line: it's about the Benjamins. Many companies out there view some of their vacant space as a sunk cost, but it doesn't have to be. So that extra corner of your warehouse that collects dust, damaged inventory or serves as your personal storage unit could be making you extra money.
Warehouse Exchange lets you list your facilities and manage them at the click of a button. With automated dashboards and invoicing, you can very easily rent out your space and generate revenue you didn't even think was on the table. Just like finding a $20 bill in your pocket!
Don't worry about agreements or legal stuff—Warehouse Exchange takes care of all the nitty gritty details. You just have to have some decent photos of your space, answer some questions and make your listing live on the website.
To start listing your extra warehouse space for rent—or to rent some space yourself—visit Warehouse Exchange website and see what you can do for your business.
