How to Start a Warehouse Business

There can never be enough of warehouse businesses. Every company needs a warehouse, regardless of its business type. Many small businesses and contractors have storage space issues, which means that they have to opt for large warehouses that are quite expensive, or small-scale self-storage units, which are unpractical and inconvenient.

If you are looking to start a warehousing business, this article will help you get started.

1. Promoting Your Business

Creating and maintaining a proper client base is vital for your business strategy. The first step is to team up with firms that are related to your business. They will point their customers to you, and in return, you will promote them, which makes it a win-win situation.

There is a reason why everyone first thinks about ‘advertising’ when it comes to business promotion. This is simply because advertising is perhaps the most important means of getting your company name heard about. For starters, approaching regular media, like the radio, TV and even the paper, is a smart decision, but none of this will matter without having a website.

Making your presence on social media platforms, such as Facebook, LinkedIn, and even Twitter, is extremely useful, but without a proper internet presentation, people won’t take you seriously – if you aren’t on Google, you basically don’t even exist!

Buying template websites is an acceptable temporary solution, but bear in mind that you’ll have to hire a proper website developer to come up with your perfect internet presentation at some point.

2. Equipment and Licensing

Legal issues and equipment should be among the first steps that you are to cover before setting the gears in motion. Using a fictitious name requires obtaining DBA or a license for doing business, which will set you back $25-$50.

As a future warehouse business, you can rest assured that you’ll need a ton of equipment. Forklifts, storage units (freezers for perishables, shelving units, crates), components for pallet racking, but also computer and inventory software for keeping track of stored items are the essentials.

However, lifts aren’t the only vehicles your warehousing business is going to need. Transport vehicles, such as trucks and vans for the distribution of goods, are pretty much unavoidable – your clients will love the fact that you offer product delivery and this will definitely set you apart from the competition.

3. Employees

Experience in logistics is the topmost trait to keep an eye on when looking for warehouse employees. You will need capable workers to take care of arranging the shipping and tracking of products to their destinations, as well as to oversee the items that enter your storage facility and check them as they arrive.

Additionally, experts in logistics should be efficient in designating the specific locations in your warehouse for storing the items.

The potential issue here lies in the fact that logistics isn’t the only necessary trait – your workers need to be physically able to lift items, as well as to operate the forklifts and other warehousing paraphernalia in your facility.

Professionals who cover both the logistical and physical requirements, however, are pretty much perfect for the job, so once you’ve found a perfect selection of employees, your company’s efficiency is more than likely to skyrocket.

Running a warehouse business takes patience, dedication, and knowledge, but it is quite rewarding in terms of success. These tips will hopefully get you going, but doing a thorough research is crucial!

Promote your business adequately, take care of the legal issues before you get things started and pay attention to the HR part of your warehousing business!

Satyabrata Dash

About Author:

Satyabrata Dash, a Bhubaneswar, Odisha based professional who apart from working with Hinduja Globals, loves to write on startups, work issues and not to mention entrepreneurship.