Sharing Retail Space for Extra Income: A Smart Way for Retailers to Boost Revenue at OpenMerch

In today’s competitive retail environment, every square metre matters. While sales margins fluctuate and operating costs continue to rise, one of the easiest and most overlooked ways for retailers to increase revenue is by sharing unused retail space at Openmerch.com.au. Whether it’s a spare shelf, a small display area, the front counter, or even a single end-cap, retailers can turn idle space into a steady stream of extra income.

Why Share Retail Space?

Most retail stores—big or small—have underutilised space. Instead of letting these areas sit empty, retailers can offer them to brands and businesses looking for exposure. This model, often called retail space monetisation, creates a win-win situation:

  • Retailers earn additional income
    through shelf rentals, slotting fees, or display charges.
  • Brands gain direct access to shoppers
    without the cost and commitment of long-term retail leases.
  • Customers enjoy a wider variety of products
    and discover new brands right inside their favourite stores.

How Much Can Retailers Earn?

Earnings depend on location, customer foot traffic, and the type of space offered. Common revenue sources include:

  • Slotting fees for shelf placement
  • Rental fees for fixed space
  • Commission on sales
  • Partnership fees for sampling or promotions

Many retailers earn hundreds to thousands of extra dollars per month simply by opening their space to brand partners.

How to Get Started

You don’t need special training or a complex system to begin sharing your space. Here’s a simple approach:

1. Identify unused or low-performing space

Look around your store for areas that could be more productive.

2. Set pricing or partnership terms

Decide whether you prefer fixed fees, commissions, or a mix of both.

3. Reach out to brands

Often, emerging brands are eager for in-store visibility and are willing to pay for it.

4. Make it easy to manage

Platforms like OpenMerch streamline the process by connecting retailers with brands, simplifying listings, bookings, and payments.

Why This Strategy Works

Retailers already have what brands want: visibility and customer access. By sharing space, you turn your daily foot traffic into an income source—without extra marketing, staffing, or inventory costs.

In a retail world where efficiency matters, monetising unused space is one of the smartest and simplest ways to increase profitability.

So signup today at OpenMerch https://openmerch.com.au/ and start monetise your retail.

openmerch
Author: openmerch

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *