Warehouse
Transform Your Underused Garage into A Profitable Business
Do you have an underused garage and 0.5-1 hours a day to spare? We can help you turn your garage into a profitable business that generates significant income.
Join the AirStock network as a 3rd party logistics (3PL) provider. Here's how it works:
Receive e-commerce products (in cartons) shipped to your home approximately once every quarter.
Store these products safely and securely in your garage.
Fulfill daily orders sent to you via the AirStock App.
Pack products into provided bags or boxes, print out shipping labels, and attach them to the packages.
Drop off packages at your local UPS, USPS, or FedEx stores.
You might be wondering how much you can earn. Your income depends on the following factors:
The space you can commit
The service you can provide
The products we send you
Estimating Your Potential Income
As a garage owner within the AirStock network, you have the opportunity to earn income from two main sources: storage fees and processing fees. The amount you can earn varies based on the popularity and sales frequency of the products you handle.
1. Storage Fees:
Storage fees are compensation for providing space to store products.
Rate: rate can vary depends on demand in your area, but in general you can expect ~$10 for per each cubic meter occumpid each month.
Capacity: A standard one-car garage can typically store between 15-20 cubic meters of products (if shipping services are provided, expect the lower end of the range).
Income Estimate: Earnings are based on actual space occupied at the end of each month. As an example, if 15 cubic meters of your space are occupied, you could earn an estimated $150 per month or $1800 annually.
Note: Storage fee are geneally offered for storage service and return service only, e.g. storing off-season merchandise or taking returns for e-commerce vendors. Warehousing & Shipping service generally don't earn storage fees, since they will be make processing fees. However for some products don't have high volume sales, we may offer a storage fee as an additional compensation.
2. Processing Fees:
Processing fees constitute the bulk of earnings for most garage owners. These fees are based on the processing of orders, with rates varying according to the sales price and popularity of the products.
Negotiated Rates: We negotiate fees individually with each e-commerce vendor, taking into account the specific characteristics of their products. You will receive a detailed term sheet outlining these fees before you commit to handling any products.
Fee Structure: Fees may be structured as a percentage of each item's retail price or a flat fee per order.
Income Estimate: Annually, you can expect to earn from several thousands to tens of thousands from processing fees.
Note: Generally, there are no storage fees for popular items that sell quickly. However, processing these orders requires a time commitment of 30-60 minutes daily.
Understanding Income per Cubic Meter (CBM)
Your earnings come from processing fees paid by vendors for handling their products. We charge vendors a fixed percentage for each shipped product, so your income potential depends on the product's value, space requirements, and sales volume.
To estimate your potential income, consider the Income/CBM metric, which represents the amount of money you can make by committing 1 cubic meter of space. The formula for Income/CBM is:
Income/CBM = (processing fee of one stocking lot x turnover per year) / product's volume
Processing fee: fees earned from shipping one unit of the product
Turnover per year: annual sales quantity divided by average stocking lot (number of units in each replenishment)
Product's volume: product volume in cubic meters