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Saturday, December 3, 2016

Free Tuition

9:02 AM

Greetings:

Marc Charles Academy is live  ;)

https://youtu.be/DfHx7RXW10k

It's relevant, useful, timely and best of all.....FREE.

It's a new YouTube Channel. I'm NOT selling any products, services or affiliate junk!

It's simply great, free insight from a guy who may not be the best entrepreneur or startup guru, but who's seen and done plenty in business.

Have fun.....

Marc
http://askmarccharles.blogspot.com/
https://www.facebook.com/AskMarcCharles

Thursday, December 1, 2016

Marc Charles Unplugged!

8:33 AM

Hi Gang:

Marc Charles Academy is live boys and girls ;)

https://youtu.be/DfHx7RXW10k

It's relevant, useful, timely and best of all.....FREE.

It's a new YouTube Channel. I'm NOT selling any products, services or affiliate junk!

It's simply great, free insight from a guy who may not be the best entrepreneur or startup guru, but who's seen and done plenty in business.

Have fun.....

Marc
http://askmarccharles.blogspot.com/
https://www.facebook.com/AskMarcCharles

Tuesday, November 29, 2016

Marc Charles Academy is Live

9:02 AM

Hi Gang:

Marc Charles Academy is live boys and girls ;)

https://youtu.be/DfHx7RXW10k

It's relevant, useful, timely and best of all.....FREE.

It's a new YouTube Channel. I'm NOT selling any products, services or affiliate junk!

It's simply great, free insight from a guy who may not be the best entrepreneur or startup guru, but who's seen and done plenty in business.

Have fun.....

Marc
http://askmarccharles.blogspot.com/
https://www.facebook.com/AskMarcCharles

Friday, November 25, 2016

YouTube Censor

Good morning:

Marc Charles Academy is live!
https://youtu.be/DfHx7RXW10k

And get this......

It's free. No gimmicks, tricks or fine print, and I'm NOT selling any products or services on the channel.

I simply powerful insight and understanding when it comes to business, startup ventures and being an entrepreneur in THIS economy.

Have fun -- share it -- and show me some love ;)

Marc

Tuesday, November 22, 2016

Marc Charles Live!

Good morning:

Marc Charles Academy is live!
https://youtu.be/DfHx7RXW10k

And get this......

It's free. No gimmicks, tricks or fine print, and I'm NOT selling any products or services on the channel.

I simply powerful insight and understanding when it comes to business, startup ventures and being an entrepreneur in THIS economy.

Have fun -- share it -- and show me some love ;)

Marc

Monday, November 21, 2016

Marc Charles Caught on Video!

Good morning:

Marc Charles Academy is live!
https://youtu.be/DfHx7RXW10k

And get this......

It's free. No gimmicks, tricks or fine print, and I'm NOT selling any products or services on the channel.

I simply powerful insight and understanding when it comes to business, startup ventures and being an entrepreneur in THIS economy.

Have fun -- share it -- and show me some love ;)

Marc

Saturday, November 19, 2016

YouTube Channel

Good morning:

Marc Charles Academy is live!
https://youtu.be/DfHx7RXW10k

And get this......

It's free. No gimmicks, tricks or fine print, and I'm NOT selling any products or services on the channel.

I simply powerful insight and understanding when it comes to business, startup ventures and being an entrepreneur in THIS economy.

Have fun -- share it -- and show me so love ;)

Marc

Thursday, November 17, 2016

Coloring Book Cash -- I'm NOT Kidding


9:14 AM

Greetings:

I've enclosed a great new update from Nick Laight. This is very cool.

Be sure to check out Nick's newsletter and products -- he's the "real" deal when it comes to making money and spotting hot rising trends.


Marc

___________________

How to Make Money with Coloring Books for Adults











I’ve developed a strange obsession…

About 6 months ago I was in my local Waterstones, wondering what to buy with some old book tokens I’d found at the back of a desk drawer.

Alas, the only other time I visit Waterstones is to check out the latest books and then order them via Amazon!

I’m actually a regular visitor to our local Oxfam bookshop, where I’ve found some amazing buy-sell opportunities. But I’ll leave that for another email…

Anyhow, I was in the art section and I came across a book called Art Therapy Mandalas - 100 Designs for Colouring in and Meditation.  



Intrigued, I bought the book.

Once home I dug out a set of good pencils I’d bought years ago but never got around to using.

And then I got started…

Colouring in is said to aid mindfulness, lower stress and generally aid mental well-being.

And I can vouch for that.

But what they don’t mention is just how addictive it can be!

I always want to make sure I finish a mandala, but on some of the more complex ones, that means 6 hours or more of continuous colouring in!

But hey, it keeps me off the streets and completely chilled after the stresses of the day.

Of course, once hooked, I started searching Amazon for other books to satisfy my cravings…

Most others were more crafty and without sounding like a colouring in snob, a bit too easy.
 
I much prefer something really intricate – after all, it’s the process rather than the end result that matters. (I’ve binned countless pieces I'd spent hours on because I didn’t feel they had the right mix of colours.)

Rather than lower my standards/keep up the challenge I branched out and started downloading images of old woodcuts instead!


Once I had the bug, I’d literally make an excuse just to go to the local art shop to check out their gel pens!

Sad, I know... but I'm probably not alone.

In the last few weeks, it seems like colouring in for grown ups is everywhere.

Suddenly, it's gone mainstream… and is making some people very rich!
 
I was in Selfridges department store last week and they had a dedicated table for the new trend.

And as I type these words, 3 out of the top 10 best selling books on amazon.co.uk are colouring titles.

On the US Amazon.com site it's 7 out of the top 20!

Johanna Basford is the undisputed queen of the genre, selling over 1.4 MILLION copies of her book The Secret Garden since 2013.  


Millie Marotta has sold half a million books!


And I’ve seen a TV ad for an Art Therapy Part Work.
 
This colouring in for grown ups craze started in France where books were explicitly marketed as a de-stressing exercise and it has spread here.

Waterstones has revealed there was a 300 per cent rise in sales of colouring books between Christmas 2013 and Christmas 2014.

Go back further, and the famed psychotherapist Carl Jung first discovered the therapeutic benefits of mandalas with his patients.


If colouring in isn’t your thing, what about doodling?

Whilst researching the subject, I went down a lot of rabbit holes...

And one led me to a whole publishing phenomena called Zentangles.  

According to the website, “with the Zentangle Method anyone can create beautiful images from repetitive patterns.”

Interestingly, one woman is selling her Zentangle doodles as – yes you guessed it – images for adult colouring books!
 
Colouring books for grown ups will be one of the THE major publishing trends of 2015 and if you are so minded, this could definitely offer you extra income opportunities:
  • Create your own colouring books – either illustrate yourself or commission others and sell as digital or print on demand via Amazon
  • Alternatively find images (art/prints) in the public domain – upload to a computer and remove any colour, allowing the colourist to add their own
  • Consider subject-specific colouring books – dogs, cats, flowers, decorative patterns, heraldry...


And the lesson?

Open your eyes.

Six months ago I would have never thought adult colouring books or doodling would become such a publishing phenomenon.

This week, try and be open to the possibilities of what's going on around you.

Are more and more people talking about a specific subject? A film, book, product, company, website...

Listen on the bus, in a queue, at work...
 
I guarantee once you open your eyes and ears and tune in, you'll start to see patterns and new trends.

And make sure you report back with anything juicy!
 
Best regards



Nick

Director of Colouring In
What Really Makes Money
http://www.whatreallymakesmoney.co.uk
 


Tuesday, November 15, 2016

Marc Charles Academy

Hi Gang:

Marc Charles Academy is live!
https://youtu.be/DfHx7RXW10k

And get this......

It's free. No gimmicks, tricks or fine print, and I'm NOT selling any products or services on the channel.

Simply powerful insight and understanding when it comes to business, startup ventures and being an entrepreneur in THIS economy.

Have fun -- share it -- and show me so love ;)

Marc

Monday, November 14, 2016

An Easy Way to Making Money as an Online Teacher

An Easy Way to Making Money as an Online Teacher


6:59 AM

Hi Gang:


I taught an online course recently and received $150 for three hours of work. 

Actually, it took a more than three hours of work.  There was some prep work and research. But it was a lot of fun and super easy to do. And I’m still getting traffic to my other ventures.

Online education is growing like wildfire!

Heck…. Online education startup Knewton recently received more than $54 million for rapid expansion. The company customizes educational content to create a personalized learning experience for students, it’s pretty neat.

And the best part is….

There are several ways to grab your share of the online education cash flow. 

This week I’ll focus on becoming an online instructor. But there are many ways to make money in this market.

The first thing people usually say to me is “I’m not qualified”.

That’s what S.E. said to me during lunch last week in Camden Maine.

Steve is a graphic designer. 

He works for a large specialty publisher with print and online products.

Steve’s been honing his craft for more than 20 years. He’s a great teacher.
I sent him links to 9 online instructor opportunities he could look into.

He checked them out and told me two companies are interested in his services.

Customized Education is Fastest Growing Segment on the Internet

The reason online education is growing so fast is money.

But actually it’s the lack of it! 

Here’s what I mean…..

People often weigh the pros and cons of traditional schools versus online or distance education.
There’s nothing to compare when it comes to cost. 

The cost of online education is only a fraction of what you’ll pay to attend a “traditional” school.

Master’s Degree in 14 Months

Online education is changing the way people learn.

The other advantage is speed.

Online education can slash the amount of time it takes to get a degree.

For example, it can take up to four years to earn a Master’s degree at a traditional college or university.

You can earn a Master’s Degree online in as little as 14 months.

No……I’m not talking about a “Cracker Jack Diploma” (the kind you find inside a box of Cracker Jacks). I’m talking about an accredited degree accepted anywhere in the world.

On top of that, traditional schools require students to be in the classroom at specific times every day.

That is one of my beefs with public or government sponsored schools. It seems like a training ground for jobs in the Industrial Age. 

Public schools are like an assembly line. 

Everyone glides into the classroom on a conveyor belt at exactly 7:00 AM. 

The bell rings, and everyone mounts the conveyor belt for the next class.

What happens when a student wants to spend more time in class studying, researching or exploring something exciting?


That’s unacceptable….get on the conveyor belt!
Time and your physical location are irrelevant with online schools.

A student can work at his or her own pace!

My daughter is a sophomore in high school. Yesterday she said, “The teachers are too slow. They’re always repeating things for the kids who don’t understand or don’t want to learn. The teachers spend too much time disciplining kids too”.

We tried to talk our daughter out of going to the public high school.

But the biggest problem at public schools is students are taught as a group, not as individuals. 

There is no customized or personalized learning. It doesn’t fit the government “model” of education.

Granted, some kids go to college for more than education. 

People go to college for camaraderie, the sports, a new adventure and to get away from mom and dad.

And don’t forget the parties! Parents should visit college campuses unannounced to see how their money is spent.

Profit Opportunities!

Traditional colleges and universities are nervous because students prefer the Internet for their education. 

Granted, some colleges and universities have started to embrace the Internet and distance learning.

The cost of a college course today is ridiculous. 

More than 85 percent of the tuition paid to schools goes to tenured professors, administrators, management, overhead, taxes, sports, and fees, etc.

One thing colleges and universities could do is lower the cost of their courses. You would think in the current climate and economy they would do this. 

But no…most colleges are increasing tuition and course fees!

16 Million Students and Climbing!

There were more than 16 million students enrolled in distance and online learning programs in the United States at the end of 2010, according to the U.S. Department of Education.
The demand for online teachers, instructors, and tutors is skyrocketing too, according to Ken White, author of the Online Teaching Guide

Help Wanted: Web-Savvy Entrepreneurs and Teachers!

Online education offers exciting opportunities for Web-savvy entrepreneurs and for people who can teach. 

I recently accepted an assignment as a guest instructor for a distance learning program called Understanding Internet Search Engines. I was paid $2,500 for about six hours of work.
It’s true, most colleges and universities have steep academic requirements for online instructors. 
The good news is you don't have to work at top colleges and universities to make money as an online instructor. 
But traditional schools may be an option worth considering.
The way people are learning has changed
The “classroom model” of instruction for the past 300 years is dying a slow painful death.
My neighbor is a retired (tenured) professor from Columbia University. He makes six figures tending his flower beds, playing his banjo and sipping cold Chardonnay. 
But he said, “The days of tenure of coming to a close. The schools can’t afford it any more”.
Thank God his golden parachute is safe!
Anyway, the point is….online and digital instruction is available in the “cloud” now. Cloud computing is here. It simply means the “cloud” or network covers everything.
You can access the “cloud” from anywhere with multiple devices like a netbook, iPhone, iPad, Kindle Fire, Desktop PC, TV, Blackberry or disposable laptops.
Watch how kids teach themselves today….they jump to YouTube, Facebook, Twitter or niche forums like Programmers Heaven.
On top of that, online education is intertwined with online gaming… much to the chagrin of “old world” tenured professors and teachers. 
We homeschool our kids. My oldest son was homeschooled until his Junior year in high school. 
He received his high school diploma online, as well as certification in four programming languages. Most of his learning came by way of online gaming! He secured his first paying “gig” online as well.
The 17 online schools with web-based curriculum:
What the Heck is Distance Learning?
Distance learning gives people the option of earning college credits off-campus, via television, the Internet, satellite classes, web-conferencing, videotapes, DVDs, correspondence courses, and other means.
Today, most major colleges, universities, and technical school have distance or online learning divisions. 
And hundreds of online "virtual" learning centers are being launched every month.

How to Make Money as an Online Instructor

There are basically two ways to make money as an online instructor.
  • You can apply for positions or projects at established colleges, universities, and learning centers. To do that, you submit your application to the Human Resources Department (which can usually be done at the school's website).
  • You can teach as a freelance instructor. If you decide to go with this approach, you may have to forgo some of the benefits and perks that on staff teachers usually enjoy -- but you will have more freedom and flexibility.
Do I Need Academic Qualifications?
Granted, most conventional colleges and universities require an academic background or qualifications in order to teach online courses. 
But many do not!
I mean yes….you need to be qualified in a particular area in order to teach the subject and GET PAID.
This goes without saying.
But hiring process has changed.
Here’s a funny story…
A friend of mine stumbled upon an advertisement at an online college for an “Internet savvy entrepreneur with bricks and mortar expertise.”
Just for the fun of it I applied. But rather than submit my colorful academic qualifications (which are non-existent because I’m a college reject and drop-out), I submitted a powerful sales letter and a list of my dismal business failures!
But to be fair I included a brief overview of more than 30 business start-ups I launched.
On top of that, rather than submit the information online, I sent it to the appropriate person in a FedEx NextDay letter!
I was retained for the project within three days.
I realize some higher education centers, colleges, and universities require specific academic qualifications, and this doesn’t change with online instruction.
But the fact is you have (or can develop) specialized knowledge and the demand in this area is growing like wildfire!
Some online learning centers and distance learning programs compensate instructors on a "per student" basis. 
For example, the University of Phoenix compensates instructors $40 to $150 per student per course. And there can be anywhere from 5 to 75 students registered for each course. (Course lengths vary, but are generally from one to six weeks.)
 
Let’s do the math . . .
 
If you teach 20 courses a year (two per month, with summers off) with 32 students per course, and you are compensated $80 per student, you would earn $51,200 per year.
But let’s say you’re only willing to teach 10 courses per year, with only 20 students per course, and you only receive $50 per student. Fine – that’s still $10,000 a year doing something you love.
As you can see, this is an exciting opportunity and a great way to make a living (or a nice chunk of extra money).
OnlineLearning.net is another great resource. You'll find links to course catalogs, instructor forums, teaching resources, and job postings. 
More Ways to Make Money as an Online Instructor or Teacher
1. Become an online researcher.
2. Start your own online college, course search engine, or virtual learning center.
Starting an online college could be a substantial undertaking. But people are going online in droves to improve and enhance their education. And as an Internet-savvy entrepreneur, you can't afford to ignore a trend like this.
One way to launch an online college or learning center would be to specialize and target a specific niche. For example, you could start an online college that specializes in network security, encryption science, or Web development.
Another angle might be to create a search engine that provides exclusive "how to" articles like this one: www.howstuffworks.com. You could charge a monthly fee, or micro-payments for specific "how to" articles.
A course search engine also has potential. The idea is to populate a search engine with thousands of online courses from hundreds of colleges, universities, and online learning centers around the world. Students could search for a course by title, keyword, phrase, or popularity. 
This search engine would be free to users. Entering into partnerships with the colleges, universities, and learning centers would generate your revenue. 
You could also offer "enhanced listings and links" to those that want to be featured "foremost" in the search results. It would be similar to the Google AdWords model.
Another angle on this idea would be to purchase these courses in bulk from the individual institutions and then re-sell them to students at a profit. 
Remember, these courses would be stored in a database for easy online access by students.
It’s simply a matter of re-selling information that's already been developed. 

eLearners.com offers more than 6,300 online courses that can also be downloaded.
Now that’s what I’m talking about!
The potential for online and distance learning is substantial.
Online education and distance learning is a hot rising trend and very profitable market.
Regards,

Marc Charles
“The King of Business Opportunities”


Action Plan
The fastest you get started the easier it will be.
So, apply at the University of Phoenix or one of the other online schools or resources I mentioned in today’s issue.
If you Google online education you’ll find thousands of resources. There are hundreds of opportunities for online instructors at Monster.com too.
A New Market
Edutainment is the combination of “education” and “entertainment.”
Online instruction and distance learning often incorporates both of these areas into the education process.
In other words, in order to make education and instruction more entertaining colleges are integrating high definition video, PowerPoint presentations, online tutorials, TV, movie clips, texting, live Internet, and teleconferencing into the presentations.
The more you can integrate these applications and resources into your presentations the better!
You could also start your own online college! Granted, this strategy would take some research but entrepreneurs are doing it as we speak.
You could also offer or re-sell courses (or certification) of other institutions. This would be an affiliate type arrangement.  You can check out the Education Portal for ideas.
Another approach would be to offer small courses (or certification) free of charge, and full length courses for a fee.

Valuable Resources

Online Instructor “Jobs” Too

I prefer approaching the online education market as an entrepreneur or freelance contractor.

For me, there are too many restrictions in a conventional “job”. I also think the money is often better when you work as a freelancer.

But sometimes a traditional job in this market will get your foot in the door.

A job can be a perfect fit for some people. Here are some resources for online instructor jobs:






Friday, November 11, 2016

Hot New YouTube Channel LIVE

Hi Gang:

Marc Charles Academy is live!
https://youtu.be/DfHx7RXW10k

And get this......

It's free. No gimmicks, tricks or fine print, and I'm NOT selling any products or services on the channel.

Simply powerful insight and understanding when it comes to business, startup ventures and being an entrepreneur in THIS economy.

Have fun -- share it -- and show me so love ;)

Marc


Thursday, November 10, 2016

Surprising Market is STILL Viable......

6:39 AM

Good morning:

I wrote a book 2 years ago called the New Real Estate Riches -- it's available on Amazon.

It's offered FREE of charge throughout the month.

People NEED storage - it's that simple.
This is still a viable way to make money in a depression, chaos or raging bull market ;)

Marc Charles

-------

Self Storage Real Estate Millions


5:44 AM

Dear Entrepreneur:

My friend P.S. launched what would become a multi-billion dollar real estate market in the 1970’s. 

This “hidden” real estate is still making entrepreneurs a lot of money. 

In fact, five people on the Forbes 400 Richest List have ties to this phenomenal market.
And the market keeps growing despite the recession. 

More important, the money making potential of this baby is still under the radar!

One of the reasons the market remains hidden is because it’s not “sexy” and it doesn’t have enough “flash” for financial talk shows.

The best part is you don’t have to be a billionaire or even a millionaire to make money in this market. 

Plus it’s fairly easy to get involved, and especially as a passive investor. 

You don’t need special training, college degrees, or real estate expertise. These things won’t hurt you, but they’re not required.

The market I’m talking about to is “self storage” real estate.

And here’s the kicker…….

You can start out small and build this business in a way which suits your lifestyle.

My good friend P.K. in Henderson NV started a small venture about a ten years ago and now controls three self storage investments. 

If you like the idea of residual income (without the headaches of typical real estate investments) this could be the perfect opportunity for you.

My friend P.S. whom I mentioned, developed a unique twist in this market called a self storage real estate investment trust (REIT).

You’ll like this……

Little-Known “Investment Trust” Angel

A self storage real estate investment trust or REIT is similar to conventional REITs. And it can be an incredible tool for generating substantial wealth, and in many cases it can reduce tax burdens.

If you’re not familiar with this concept, I’ll break it down for you.

A REIT is a tax designation for a corporation investing in real estate. A REIT can reduce or eliminate corporate income taxes. 

On the flip side, REITs are required to distribute 90 percent of the income to shareholders. This income may be taxable in the hands of the investors.

The REIT structure was designed to provide a similar structure for investment in real estate as mutual funds provide for investment in stocks. 

Like other corporations, REITs can be publicly or privately held. 

Public REITs may be listed on public stock exchanges like shares of common stock in other firms.

Self Storage Wildfire

The modern self storage business in the U.S. began in Texas in the late 1960’s. 

But self storage can be traced back to the United Kingdom more than 800 years ago! 

People are still buying “stuff” and running out of room in their houses, apartments and businesses so they need somewhere to put it.

Today, you can find thousands of self storage buildings along major highways throughout the U.S., Canada, South America, the U.K., and Australia. 

However, the neat thing is this business is not limited to prime locations along major highways. 

You can find self storage properties in almost every town, village and rural area around the world.

Here’s the deal……

The average self storage facility consists of about 100 storage units. 

In larger metropolitan areas you can find facilities with 500 units or more. 

I toured a facility in Orlando, Florida recently with more than 2,500 units!

The dimensions of the storage rental units vary. But the most common sizes are 5’ x 10’, 8’ x 10’, 10’ x 10’, and 10’ x 15’. 

Customers can rent a self storage unit to customers for 30 days or as long as 5 years or more.
The average rent for a 10’ x 10’ storage unit in the U.S. in 2010 was $79 per month, according to Inside Self Storage magazine. 

The rent in larger cities can be as high as $300 a month. 

But get this……another surprising source of revenue in this business is late fees.

Late rental fees –typically run $5 to $25 per month.

Another source of revenue is the auctioning off of storage-unit contents when renters don’t pay within the certain period of time.

One of the hottest shows of the year is Storage Wars on A&E. It details the self storage auction business…..you gotta love it!

Anyway, an auction occurs when the owners have forfeited their stored items by failing to pay their rent. As an owner or manager have to clear out contents anyway to make room for a new tenant and selling the contents and make up for at least some of the money the renters owe.
Portable self storage is taking off too.

The biggest player in the portable self storage business is PODS (Portable On Demand Storage). Home Depot and other large retailers are getting into the game now too.

In the 1970’s and 1980’s, self storage owners were buying low budget properties often hidden from view by other buildings and structures. This is not the best formula according to 35-year self storage veteran Paul King of Las Vegas.

Here’s what Paul told me:

“In my experience the most profitable self-storage operations are those located on the way to a grocery store, Wal-Mart, gas station, or home improvement store. It doesn’t hurt if your self storage facility is located on a major road with super-easy access.”
Current trends back up Paul’s opinion.

Today, mega-franchisees are buying prime frontage as well as retail lots, and paying big bucks for them.

Sovran Self Storage Inc. a New York based company has nearly 25 million square feet of self-storage in 381 facilities.

There are hundreds of companies which serve to the self storage industry, too. 

You’ll find mini-storage consultancies, brokerages, and financing companies that specialize in this market. I’ll cover some income opportunities’ in these markets in future issues.

Self storage development seminars are selling out nationwide.

If you think that’s great, then listen to this…

What’s the Big Deal with Self Storage?

The self storage market is considered by many real estate entrepreneurs to be a true “cash cow” venture. 

This simply means operating expenses are relatively low and owners often realize more revenue per square foot than other real estate investments.

The self storage market is almost recession proof. 

I know everyone says his or her market is “recession proof”.

But just think about it. 

The economy is hurting. 

Real estate foreclosures, bankruptcies, and subprime mortgage meltdowns are at historical highs. 

But have you seen any self storage businesses or REIT in this market go bankrupt recently? 

Most of the self storage operations which are not overleveraged with first class management (with an eye for direct marketing) are doing fine.

Why is the self storage market flourishing when so many others are going under? 

One reason is when families are forced to move out of their homes due to financial difficulties they usually need someplace to store their goods – enter self storage!

There are other reasons too. 

But self storage has a relatively small monthly charge. 

Therefore self storage bills are often grouped together with other utility bills like electricity, phone, Internet, cable, and water. 

The delinquency rate in self storage is typically much lower than home or apartment rentals.
Business owners have found self storage useful in a downturn too. They can rent smaller office space and supplement the lack of space with self storage.

Let’s Do the Math! Comparing Other Real Estate Ventures with Self Storage

Here’s an example of what an entrepreneur in Atlanta did recently: 

He purchased an older, three-story building in a rundown section of Atlanta for $550,000 (owner-financed) and converted it to a mini-warehouse consisting of 110 units. The mini-warehouse is currently 85 percent full. 

The monthly rent for a 10’ x 10’ unit is $100. The math is pretty simple: 93 units x $100 = $9,300 per month in revenue. The mortgage payment is $1,100, and there are a few additional costs because of the location. There expenses include a security system, as well as a full-time manager. 

Still, this is an example of how an older building can be converted to a profitable self storage business.

Here’s another example:

An entrepreneur in north Chicago has 75 10’ x 10’ units, for a total of 7,500 square feet. (Actually, it’s a bit more – but we’ll simplify it for this example.)
Her potential revenue (with 75 units rented at $225 per month) is $16,875 per month. $16,875 divided by 7,500 gives her $2.25 per square foot. 

Meanwhile, the typical 2,500-square-foot, three-bedroom home rents for about $1,500 per month. And $1,500 divided by 2,500 equals only $0.60 per square foot!

Can you see why self storage facilities are so attractive?

Let’s look at a medical office building... 

There’s a new 100,000-square-foot medical building in Las Vegas that offers office space from 1,485 to 7,200 square feet in size. 

I’ll use a 2,500-square-foot space (which is about the average) for this example.

Okay, the rent for this space goes for about $1.50 per square foot, or $3,750 per month.
This particular building is 40 percent occupied. With that occupancy rate, let’s say five 2,500-square-foot office units are each generating $3,750 per month for total monthly revenue of $18,750. 

And $18,750 divided by 100,000 square feet equals almost $0.19 cents per square foot in actual revenue.

If the building was 80 percent occupied and the revenue was $120,000 per month, the actual revenue would still come out to only about $1.20 per square foot.

What about a strip mall?

Let’s take a look at a typical strip mall near a nice area in Austin, Texas. A 4,000-square-foot space was recently available for $4,500 per month.

There are 10 units in this particular mall. Three of them were empty.

Four 4,000-square-foot units were currently occupied at $4,500 per month each.
Three 2,500-square-foot units were currently rented at $2,750 per month each.
Four units x $4,500 = $18,000.
Three units x $2,750 = $8,250.
Total revenue: $26,250

The total retail space in this strip mall is approximately 36,000 square feet. With the parking lot, the actual total is about 50,000 square feet.

Here’s the math: $26,250 divided by 50,000 square feet equals only $0.52 cents per square foot!

Not only is the potential profit per square foot of self storage mind boggling – especially as compared to most residential and commercial properties – but get this: self storage does not have most of the headaches typically associated with real estate – like plumbing, live tenants, and wear and tear. On top of that, the cost of utilities for each unit is a bare minimum. Can you say overhead light?

But before you get into this business you have to do your homework:
1. Locate and identify every self storage facility in your area or state.

2. Physically look at all the locations – and take notes. Walk around the property. Rent a traffic meter and stick it on a tree or utility pole (check local regulations to make sure its okay). Observe the condition of the buildings, fences, and traffic to and from the facility.
3. Talk to the managers of the facilities if you want to, but only as if you are a customer looking to rent a unit.
4. Spend 30 minutes per day educating yourself on the industry. Most people don’t do this, but that’s how you become an expert.
5. Subscribe to the industry’s main trade publications (listed below).
6. Do the math!

Self storage is a great business opportunity! The profit margins can be as high as 70 percent.
And one of the most attractive aspects of this business is that there are no people in the units! If you’ve ever been landlord, you know what I’m talking about.

There are ways to really leverage your profit in this industry, too, including my friend’s concept of self storage real estate investment trusts (REITs).

There are also investment partnerships that acquire only the most profitable facilities. 

Real Estate Collapse Actually Helps this Business Grow

As I said at the beginning of this issue, my friend was instrumental in developing the self storage REIT market. 

He would always tell me, “People will always store stuff. And they often have to store even more of it when times are bad or their real estate investments go south.”
Take this advice to heart. 

People will always store stuff. And when real estate investments go sour, people have a lot more stuff to store.

InDetroit, for example. Real estate sales have been plunging for two years in this city, with no end in sight. There are no buyers. In many ways Detroit is a war zone today.

But the self storage business in Detroit is actually pretty healthy. I was unable to find any self storage businesses for sale there. This tells me Detroit’s self storage entrepreneurs may be doing well.

Determine which approach works best for your situation: starting from scratch, buying an established mom-and-pop or prime location facility, or investing in rehabbing a rundown building.

This market is huge and growing! This opportunity is yours for the taking.

Your humble host…..


Marc Charles



***** Action Strategy *****
Self Storage Fast Start Guide 

1)    One way to get started in self storage is by developing your own facility from scratch. This means you would build your own facility from the ground up. 

This approach has some serious flaws. It requires expertise, capital, location selection, and a myriad of other time-consuming and expensive tasks.

2)    A popular alternative would be to acquire an established self storage business. The best terms can usually be found when mom-and-pop operators want to get out of the business. These operators typically sell because it’s been unsuccessful for them. But with an in-depth understanding of this market you can turn these babies around.

Mom-and-pop self storage businesses are rarely listed with conventional real estate brokers.
Here are three simple questions you can ask to determine if an existing self storage business is worth the asking price and if it has the potential to make money for you:
  • How many units does the business have?
  • What is the current occupancy rate?
  • What is the actual drive by auto traffic number?
If a self storage business has 100 (10’ x10’) units… and the current occupancy is 40 to 50 percent... it could be considered a “prime target” by self storage “insiders.” 

But it must have at least moderate levels of drive-by traffic (2,000-5,000 cars per day).

Self storage owners can’t lie about how many units they have, but they might try to “cook the books” regarding occupancy. But if you do your homework, you’ll know if you can make a particular location profitable. 

3)    Instead of going for a mom-and-pop self storage business, you could acquire a self storage facility in a prime location – one where the traffic (and cash flow) is much stronger. These locations are usually very pricey – in the $1 million to $2 million range.

But when you start digging you’ll see why investors gladly shell out the big bucks for these cash cows!

Here are some self storage businesses that were being offered for sale in prime areas on major highway intersections recently:

Western New York, Texas, and Mississippi (12 self storage centers) – $35 million
Southwest Florida (39,000 sq ft/16 acres) – $1.5 million
Loudon, New Hampshire (27,200 sq ft) – $1.2 million
San Clemente, California (22,760 sq ft) – $3 million
Augusta, Georgia (29,900 sq ft) – $545,000
Bow, New Hampshire (16,900 sq ft) – $550,000
Las Vegas, Nevada (74,800 sq ft) – $3.7 million
Coos Bay, Oregon (13,500 sq ft) $650,000
Lubbock, Texas (54,445 sq ft) – $1.2 million
South Chicago Heights, Illinois (49,600 sq ft) – $1 million
Hickory, North Carolina (21,240 sq ft) – $285,000
Paris, Tennessee (7,800 sq ft) – $229,000
Prescott Valley, Arizona (40,300 sq ft) – $2.1 million
Gainesville, Georgia (14+ acres) – $1 million
Ankeny, Iowa (10 acres) – $850,000
Kissimmee, Florida (35,200 sq ft) – $3 million

4)    If starting from scratch or buying an existing mini-warehouse business doesn’t work for you, there is a fourth option.

In years past, the success of self storage was dependent on prime real-estate exposure.
But today, there are rundown, older buildings in many downtown areas which can be converted to a self storage operation. 

Granted, some of these areas aren’t the best place in the world to do business…..including self storage. 

But hundreds of areas across the U.S. and Canada have seen a resurgence of revitalization. 

The one advantage of centrally located self storage in major metro areas with easy access is people – lots and lots of people!

It’s fairly easy to do. And this redevelopment is often welcomed by local civic leaders because they’ve lost a good chunk of their population as a result of the exodus to the suburbs (and exurbs). 

In some cases, you can acquire old buildings at deep discounts. 

By the way, you don’t have to limit yourself to older buildings right in the center of town. 

There’s another growing trend too. It’s converting empty barns and steel buildings in rural areas and retrofitting them for self storage facilities. 

Check out this self storage facility in Waipahu HI!:



**********Valuable Resources **********

SelfStorage.com (find self storage businesses)
Extra Space Storage (franchise and REIT)
Public Storage (franchise and Public REIT)
U Store It Trust (franchise and REIT)
Global Portable Buildings, Inc. (leading manufacturer of mobile storage units)