Start An Inflatables Business - The Perfect Home Business
Here are some things you'll want to think about if you're starting a moonwalk business.
Why would I want to start a bounce house business?
Moonbounce rentals are a great home based business with a low initial investment with extremely fast cash return.
How can I get Started?
Set up your company. Talk to an account to check out the local business laws and make sure your business is set up correctly for accounting. Assume you're going to grow quite a bit. (It's alot easier to act like a business from the beginning than backtrack later). Pick a name that's fun and exciting. Decide what kind of rentals you'd like to do...birthday parties, large events...or both!
Once you've decided what pieces of equipment you're starting with...Place your order! Most pieces take 3-4 weeks for delivery unless they're in stock.
Who are my Customers?
Birthday parties, church events, family reunions, post prom parties, summer camps, corporate picnics & events, holiday parties, store promotions, school parties, street fairs and festivals (be careful with street fairs and festivals...talk to your salesperson about the risks of "pay for play"), swap meets, pre-schools, day cares, Halloween festivals, fund raisers, car dealerships, grand openings, shopping malls and lots lots more...don't forget family reunions. Look for all the posibilities! And look for kids Everywhere!
Is there a quick profit?
It depends on how hard you work. Offer a lower rate for Monday-Thurs rentals. If your bounce rental is $150.00 (which is a low standard in much of the country...based on average rentals of 1 1/2 times a week for 7 months (very few of us work 12 mos/year, You should make approx $6750.00 for that one unit. If you want to maximize your rentals...really push that unit. Assume you rent another 2 times a week at 1/2 price. This adds $4500.00 for the 7 mos. Total income turning into $11,250....for just one unit that costs less than 3,000.00. Just image what you can do if you add to your profit with packages...or purchase 3 more bounces! 4 bounces averaging $225.00 each week for 30 weeks + $27,000.00. Not bad for a part time home business!
Is it easy to Grow?
Just start adding more equipment. Just don't purchase too much at a time. The most successful rental companies maximize the use of their equipment. Before you spend a fortune on a "showpiece" work the numbers and make sure it'll make you more money than you would make if you bought 2-3 less expensive pieces.
One last thing...remember..inflatables are sewn vinyl..Should by chance you have an act of vandalism before an event....units can always be patched. Check with your salesperson on how to handle any possible emergency that might come up.
Let's GO MAKE SOME MONEY!!!!
by: Cheryl Pierce