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How to open your own Party Rental Business - Part 1 I don't want you to concern yourself with how many company are renting inflatables in your market, what's more important is that all of your units are booked out. This business is so unique that it's really not affected by saturation mainly due to the amount of children in any given zip code. Even if you rented 100 units per day each weekend, I promise you the guy who only has four castles will still rent all of his units. This is a business of relationships and referrals, and to break it down even more you have to work your circle. I use to get upset every time I would see another company completing a delivery in my area until I realized that there are enough birthday parties every weekend for party rental 100 companies. I have developed a formula, and if you follow it to the letter booking out will be the least of your worries. The basic things you need to get started Here are the basic things you need to get started in the party rental business. I will get into details on how each variable plays into the cash equation in part 2 of this series. 1. Phone book ad 1/4 of a page minimum. 2. 6 - 10 units to start your inventory. 3. Business telephone with voice mail 4. Truck, lawn trailer, heavey duty dolly 5. A website 6. Liability Insurance Now notice I never mentioned a location as one of the 6 basic things you will need, and that is because you don't need a location in order to succeed in party rentals. You will need a place to store your units, off site away from your home. I tried to store inflatable castles at my home and the zoning people would always come knocking. The best part of being in this business is you can run your entire operation from your home office. Your yellow page ad in conjunction with your website will give your potential customer all of the information they need in order to book their event. In the term of start up cost we are still under $20,000, and even less than that if you already have a truck. I would like for you to start out with no more then 6 - 10 castles for your first month. The reason I want you to keep your reservations to no more then 10 is because you need to perfect delivering 10 units on time. Mastering 6-10 deliveries will give you the opportunity to put your systems in place an get your timing down per stop. If you have found this article helpful then you will love our online couching series on how to open your own party rental business. Please visit our Coaching and Training website link attached to this article. The Bouncer Boss For additional training please visit the coaching page of our website at
http://www.bouncingncash.com/Coaching.html
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