Lock+Store

Week 5 Quiz Winner

lockandstore — Thu, 23 Feb 2012 01:10:58 +0000

Sorry for the delay, but here’s the winner of week 5′s quiz: Tan Mui Hoo (SXXXX865D).

Congratulations! We will be in touch shortly.

For those of you who haven’t won anything – fret not. Keep trying here. If you have won before, you can win again!

Good luck!

Lock+Store SME Spotlight: WeeJustin.com

lockandstore — Mon, 20 Feb 2012 23:41:35 +0000

When you ask a SME business owner, “What is your biggest headache?,” he/she will tell you: RENT. Soaring rental rates, which can take up to half of a company’s operating cost, are forcing SMEs to shake up and move out. Many are going down under with rents not coming down fast enough as the economy weakens.

Mrs Ivy Loh, founder of WeeJestin.com, understands how it feels to be under pressure from escalating rental rates and low walk-ins. Seven years ago, the mother of three rented a retail store at $3,800 per month located in the prime Orchard shopping district expecting that the visible storefront would translate to higher pedestrian walk-ins. Business was sustainable with a regular customer base but she made barely enough to cover operational costs.

Mrs Loh’s floral business saw a turnaround after she built her company’s website using Spring’s SEEDS grant. Soon she discovered that her website was garnering more business than her retail front. This got her thinking about her business strategy and what she wanted in life. At that time, Mrs Loh’s children were still young and she did not want to miss out on their childhood years. So, she decided to call it a day at her retail store and shift her operations back home.

This move allowed her to spend more time with her young children and the cost-savings from not having to pay for exorbitant overheads proved to be the right strategy as she diversified her business to include producing BeanSprout pillows meant for infants.

Mrs Loh rents a nine square metre self-storage unit with Lock+Store to store her floral and hamper materials. She cites the 24-hour access to her self-storage unit as a plus point as it gives her the flexibility to drive to her unit to collect her working materials while her children are taking their naps. She also says that the low rental cost, compared to having a retail front, gives her more revenue to pump into stock procurement for her BeanSprout pillows (the fabric is imported from Japan). Mrs Loh does not believe in “marking-up” the price of her products as this would pass on her operation costs to the end-consumer.

Would she move back to a retail store? Mrs Loh says “No” as rents have risen to $5,000 for a 200 square feet outlet. Besides, she will need to fork out close to $20,000 for a six-months deposit to the mall.

For Mrs Loh, the move to Lock+Store is a win-win business outcome for her and her loyal customers. To support Mrs Ivy Loh, you can visit her website at www.weejustin.com to order flowers or purchase the soothing BeanSprout pillow for a newborn.

The Budget and SMEs – Too Little or Too Much?

lockandstore — Sun, 19 Feb 2012 15:11:00 +0000

The recently announced Budget will bring the following benefit for SMEs:

- grants for hiring older Singaporeans instead of foreigners

- grants for investment in research and innovation (PIC)

- virtually cost-free training

However, there will be no help for SMEs struggling with high commercial rental rates. This has driven many, especially start-ups and budding entrepreneurs, to base their businesses at home while storing their inventory at Lock+Store. If you are an SME storer at Lock+Store, we want to profile you here on this blog. You can send us a private message on Facebook or simply comment here with your email address.

Take care and have a great week ahead!

Week 4 Quiz Winner

lockandstore — Tue, 14 Feb 2012 06:14:19 +0000

Hmm..imagine if your living room looked like the one on the left – what a mess! Fortunately, Lock+Store’s boxes can help store your documents, toys and household belongings so your living room looks pristine again.

Most of you correctly answered that our boxes come in four different sizes. Here’s the lucky winner of Week Four’s quiz:

Kao Rong Sheng, SXXXX245A

Congratulations! We will be in touch soon!

Winner of Week Three’s Quiz

lockandstore — Wed, 08 Feb 2012 01:56:04 +0000

Here’s the lucky winner of a pair of movie tickets: Koh Hwee Hua (SXXXX523F).

Congratulations! The Lock+Store team will be in touch with you shortly.

For those of you who have not won anything this week, fret not! Our quiz is ongoing and you can still stand a chance to win a pair of movie tickets week after week!

Winner of Lock+Store Quiz – Week 2

lockandstore — Fri, 03 Feb 2012 01:42:13 +0000

Here’s the lucky winner of a pair of movie tickets: Ng Chow Yong (SXXXX483A). We will contact you soon regarding the prize! Congratulations.

For those of you who have not won anything, fret not! Simply click on the “Quiz” tab to the left of our Facebook Page, answer a few quick questions, and you could win a pair of movie tickets each week!

Good luck!

Winner of Lock+Store Quiz – Week 1

lockandstore — Sat, 28 Jan 2012 02:23:46 +0000

Here’s the lucky winner of a pair of movie vouchers: Er Long Yong (SXXX734Z). Thank you for taking part in our quiz!

For those of you who have not won this week, fret not! We will run the quiz every week until the end of the year. Visit our Facebook page to participate!.

List of Lock+Store-Chestnuts Red Packet Outreach Lucky Draw Winners

lockandstore — Wed, 25 Jan 2012 02:36:27 +0000

For those of you who watched Chestnuts, we hope you had a roaring good time. We sure did! Which were your favourite scenes?

We announced the lucky-draw winners over the past two weeks. Here’s a list of the winners again:

Winners of a pair of movie tickets each

Chong Lee Choo

George Gomes

Justin Loh

Khaw Sing Tak

Low Tian Chin

Winners of an iPod Shuffle each

Wong de Rui

Shyam Ram

Congratulations! You correctly identified that Lock+Store is in the business of personal and business self-storage. We shall be in touch with you shortly.

Meanwhile, visit us at www.facebook.com/lockandstore for a chance to win weekly movie vouchers!

A year of satisfying self-storage and prosperity continues at Lock+Store!

Happy Chinese New Year! Our facilities will be closed tomorrow…

lockandstore — Fri, 20 Jan 2012 01:45:22 +0000

Here’s wishing all our storers, fans and readers Happy Chinese New Year in advance.

Our facilities will be closed from Saturday, 21 Jan 12 until Wednesday, 25 Jan 12. Operations will resume on Thursday, 26 Jan 12.

If you would like to buy boxes for your spring cleaning, we are offering our document boxes at 50% off ($2.50 before GST for a minimum of 10 boxes). Hurry, while stocks last!

Festive Period Spurs Demand For Storage Boxes

lockandstore — Fri, 13 Jan 2012 14:24:56 +0000