Owning an inflatables business is a blast! A moonwalk business is not only fun…it’s profitable too. And unlike other businesses, it’s rare that your company won’t grow…generally the problem is that if you aren’t careful, you’ll grow too fast.
Here are a few of the questions you need to think about when starting a bounce house biz.
Why would I want to start a bounce house business?
The business is fun for the whole family. You have very little advertising costs. You can keep your present job and grow as you desire.
How do I get started and what’s the cost?
Think of what type of rentals you want to do. Back yard parties, corporate events, churches, etc. Check out the local laws and talk to an accountant. Start things right because you’re going to grow…ALOT!
Talk to manufacturers…once you decide what you’re going to need, place your order. It’ll probably take 3-4 weeks for your equipment to arrive.
Who are my Customers?
Kids everywhere! 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!
How long before I’ll show a 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!
Where to I 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.
Keep in mind that inflatables are simple items…easy to take care of and easy to repair. Just keep a patch kit on hand in case you ever have an emergency.
Get started and MAKE SOME MONEY!!!
Author: Cheryl PierceThis author has published 1 articles so far.