588
6 min 57 sec

Ohio State Students Make Big Moves Storing Items

The annual student moving exodus provides side hustle inspiration for two university roommates.
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What It's About

A rideshare-esque storage solution service.

Business Model
Service
Skills Required
Organization & Coordination
Complexity
Medium
Profit Potential
Medium

Words of Wisdom

Running this side hustle helped Brandon to learn a valuable lesson: everything breaks at one point or another. They had to come to terms with the fact that not everything was going to be perfect all the time. But each day it gets better, and he thinks that it's definitely taught them patience and (perhaps more importantly) the ability to step back and not freak out about small issues.

Fun Fact

The average American moves about 11.7 times in their life, with most of those moves happening between May and September. Planning your next move? Re-use those cardboard boxes! They’ll last for three uses, or 25% of your lifetime moves.

Notes from Chris

Episode 588

In 1967, Ringo Starr sang the classic line “I get by with a little help from my friends.” That adage is never more true than when it comes to moving! As any college student, past or present, knows, moving is an annual and time-honored tradition. So is the clear-out of empty bottles and the seasonal “where-will-I-put-all-this-stuff-until-next-semester” challenge.

While Mike Gargasz and Brandon Gotlieb were able to solve their annual storage crisis, they had lots of friends at Ohio State University who struggle. And what better way to help your friends get by than to start a side hustle dedicated to it?

Brandon, a finance student, and Mike, an engineering student, knew that there had to be a better solution than “hope and pray something works out” when it comes to finding willing family members or friends to store furniture and other items during summer holidays… or any other occasion people have to move.

They pitched the idea of NXTSTOR as a peer-to-peer marketplace that would help connect people with extra space in their home or garage to rent it out to people who have things they need to store. It was a simple process that would allow users to register as a host, list how much space they have available to rent out, and are paid around $1 per rented square foot.

Users upload images of their space and Brandon and Mike speak with the hosts during the in-depth sign-up process. This helps them get an idea of who is trustworthy. Usually, the owner’s insurance covers the contents, but Brandon and Mike are also working to provide an extra set of insurance for the renters which they say should launch fairly soon.

Brandon and Mike’s side hustle is only about a few months old, so they’ve been heavily focused on adding hosts and expanding their network. They’ve used everything from Facebook ads, printed flyers, and they’ve even sponsored a theatre troupe. Results are still waiting to be seen from that last one...

One small move for friends could be a giant leap for… the storage industry as Brandon and Mike look to scale their side hustle and continue their push into new states and grow NXTSTOR, one host at a time. It helps that they’re still friends and roommates, and can weather any storms as they come up. And next time they’re moving, they’ll know exactly where to store their stuff!


MENTIONED IN THIS EPISODE:

  • NXTSTOR: Make some space in your schedule to head over to Brandon and Mike's website to learn more!
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Inspiration is good; inspiration combined with action is better. Now get back to work!

Yours in the revolution,

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Resources

CREATE YOUR ONLINE STORE

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Quote of the Day
"We knew that storing things could be risky, so we helped 30 people move their items to make sure we understood how the process worked. It really helped us learn the inner workings of our side hustle and made it easier to sell to those who might be on the fence."
—Mike Gargasz #SideHustleSchool

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To infinity and beyond,

Chris Guillebeau