Market Overview

BoxMyDorm Wants To Be The Netflix Of College Storage

Could a monthly online service change the way college students store and haul their items?

MadTravelers, a personal property management solutions company, thinks that the answer is yes. The firm is promoting one of its subsidiaries, BoxMyDorm, as the "Netflix of college storage."

BoxMyDorm uses UPS to ship items (both to and from its warehouses) to any college in the United States. The company, which started as a local enterprise, transformed into a national, service-based company after being acquired by MadTravelers in 2009.

Brian Altomare, co-founder and managing partner of MadTravelers, told Benzinga that the process is very simple. Students sign up for an account, choose a plan, enter some personal data (shipping address, order info, etc.) and they're done.

As a storage company, BoxMyDorm allows its users to ship anything they want so long as it meets two requirements: it must fit in one of the provided boxes and the total weight must not exceed 45 pounds (per box).

Related: Netflix Could Lose House Of Cards, Orange Is The New Black In 2015

While some students may not like the idea of sending their personal belongings to a warehouse they cannot personally visit, Altomare said that they shouldn't be worried.

"[Users] print the shipping label [themselves]," said Altomare. "It'll be their first and last name and their physical address. It's going to be sent to and from their own address. So if the customer messes up and puts the wrong first and last name and the wrong address, that's the only time it would get sent to the wrong place."

Monthly fees range from $45 for three boxes to $129 for 12 boxes.

Disclosure: At the time of this writing, Louis Bedigian had no position in the equities mentioned in this report.

For a continuation of this interview with Brian Altomare, see LugLess Could Make Checked Luggage A Thing Of The Past

Posted-In: BoxMyDorm Brian Altomare MadTravelersNews Startups Tech Interview Best of Benzinga

 

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