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Conducting Market Research for Your Bounce House Business

January 31st, 2012

If you want your bounce house business to be profitable, one of the things you need to do is to make sure that you are offering something that people in your area have not seen yet, as well as making sure that you are offering something for reasonable price. If you begin a bounce house business without doing a bit of research first, you will likely find that your business does not have any chance of becoming as successful or as profitable as you want it to be. But many people do not know how to conduct market research before they begin their bounce house business – here are a few tips that can help you.

One of the first things you’ll need to do is to check out the competition. This means doing a search online, and asking locals in your area, to find any local bounce house businesses that may already be around. Once you discover the local businesses that rent bounce houses, you should then do a bit more research to find out exactly how much they charge for each of their houses, and what their policies are. You are doing this not just so that you can offer a fair price for your customers, but because knowledge in the business world is definitely power.

You should also make sure that the bounce house business is warranted in your area. If, for instance, there are already a number of bounce house businesses located within 50 miles of your house, chances are that you may have a difficult time starting your business and making a profitable. If this is the case you may instead want to look to starting some sort of party rental business instead.

Always ask local people, not only friends and family but also acquaintances, if they would be interested in having a bounce house business local to them. Feel free to ask them what they would feel is an adequate amount to pay for a bounce house rental, as well as if they have any questions. This way if they do have questions, you can answer them all on your website before they are even asked of you. Beginning a bounce house rental business can be a great move, but you need to make sure that you have done your homework before you begin.

Common Questions Asked of Inflatable Slide Manufacturers

January 1st, 2012

Choosing to invest a great deal of money in purchasing bounce houses and inflatable slides can be a very hard decision to make, and it’s no wonder as the price of inflatable slides and of bounce houses can be a bit high. You do need to remember, however, that if you market your business correctly and grow it well you will be able to reap the rewards from your investment. Nevertheless there are a number of questions that are commonly asked of inflatable slide manufacturer‘s before purchases made so that the investor can feel comfortable with the purchase that they have made.

How do they work?

This is most definitely one of the most frequently asked questions that any inflatable slide manufacturer will receive. If you have never been around a bounce house or inflatable slide you may not have any idea how they actually work. They are actually a very simply designed creation. A blower is hooked into the bounce house when it is deflated and is plugged in. Once it is turned on it blows up the plastic inflatable in a very quick manner. The blower continues to run well children jump and play and slide on the inflatable’s and actually keeps the unit inflated during the entire party. Once the guests are done jumping, you simply have to turn off the blower and the entire bounce house will deflate.

What do I get?

Another question that is commonly asked of inflatable slide manufacturer’s is for people to wonder what exactly they get when they purchase from the manufacturer. When you purchase an inflatable slide you will receive a variety of things, including, of course, the inflatable, stakes to stake down the inflatable so that it does not blow away, and blower so that the inflatable can be blown up. Basically you receive everything that she will need in order to get your bounce house business started.

What kind of power do I need?

Make sure if you’re going to be inflating a bounce house or an inflatable slide that you have continuous access to 110 V power. All inflatable’s require constant access to power as the blowers keep running while the inflatable is up. If you are in an area where you will not have access to power, you will need to invest in a generator. In fact many bounce house owners invest in a generator as quickly as they can so that they will always have a steady supply of power.

Anticipating Your Customers Needs

December 25th, 2011

One of the most important things that you need to learn when running a business, especially if this is the first business you have ever owned, is that anticipating your customers needs allows your customers to be able to put their trust in you and in your business much more easily. This equals a larger profit margin for you. So when we’re talking about a bounce house business, there are few things that you can anticipate which will help to give your customers a much more secure feeling about your business.

  • Safety – One of the most important things that any renter of your products will be concerned with is safety. This is especially true for parents will be renting a bounce house for a child’s birthday party, as they will want to make sure that not only are their children safe, but also that any child who was at the party will be safe as well. Anticipate this by making a pamphlet that explains how to stay safe when you’re utilizing a bounce house, and make sure that you show this pamphlet to any potential client.
  • Fun – Another problem that many parents will bring up before they rent from you, is to wonder exactly how much fun you can have with a product like this. There are a number of ways to anticipate this issue before it is even brought up. Digital media makes things very affordable nowadays, and you should easily be able to create a video that shows children using your equipment, and possibly even adults using your equipment, which showcases exactly how much fun your bounce house products truly are.
  • Price – And finally another need that every customer has is a price one. While most people do not mind paying a decent amount to rent something like this, they also do not want to feel like they are overpaying. Anticipate this issue by researching similar companies near you and by making sure that your prices are either lower, or are comparable, to theirs. If you try to rent your equipment for much higher rate, you are definitely likely to lose a lot of potential business.

Anticipating a customers needs not only shows them the you’re serious about your business, but also shows them that their needs are extremely important to you, which can help you to create a large and loyal fan base.

Learning About SIOTO

August 10th, 2011

One thing that you’ll need to understand about any bounce house business is that it’s a different type of business than most. Most businesses have the owner selling something to other people, and once they sell the item that they’re selling, if there’s no warranty, the sale is completed and any injury that happens when using that product is not the fault of the business owner. Or you have business owners who sell their services, like accountants. But inflatable business owners are a different breed of cats, mainly because you’re letting someone rent your product, and things can get tricky.

Getting Some Help

While many business experts will say that owning a bounce house business is a surefire way to get a great second income, or even to have a great primary income if you work hard enough, they will also admit that it can be tricky, mainly because of the safety issues that are involved with bounce houses. When you rent a bounce house to someone they’re going to be jumping and bouncing around on it, and young children can get very rowdy when they’re jumping around in an inflatable, especially if it’s one of the larger houses. It’s natural to feel a bit alone when you own an inflatable business, but you don’t have to, as SIOTO is there to help.

What is SIOTO? SIOTO stands for Safe Inflatable Operators Training Organization. This organization was created in order to help people who are in the bounce house business to learn how to properly handle inflatables as well as how to keep their clients safe. After all no one will want to rent from a company where people get injured frequently on the bounce houses. This company provides all members of the organization with tools, resources, and training services in order to help them to learn how to properly run their bounce house business.

While they don’t necessarily help you to build your business, they are a great resource to turn to if you’re trying to make sure that you take care of your business properly and that you protect yourself, your business, and all of the clients who spend a great deal of time on your bounce house. You can also seek out other inflatable business owners that are local to your area and can speak with them about their experiences.

Using Charity To Get Your Bounce House Business Recognized

June 24th, 2011

When you first look at a bounce house manufacturer to start building your small business the last thing on your mind is likely charity. Most people give to charity a few times a year, but what you may not realize, especially if this is your first business, is that charity opportunities can be a great way to get your business known to the public, which means more bookings for you and more money for your business. But how can your bounce house business help some sort of charity?

Local Organizations

Ask friends and family if they know of any organizations that have some sort of annual fundraisers. You’ll quickly find that a lot of organizations have fundraisers on a routine basis, which means lots of opportunity for you to get your bounce house business known. Before you approach just any charity, though, it’s important to make sure that the bounce house that you have to offer to the charity to use will suit their fundraiser. You wouldn’t want to offer up the use of a bounce house for free for a raffle charity, as it wouldn’t suit. But any sort of charity where there are activities going on, such as a charity fair or even a charity bingo, would be the ideal place to set up your inflatable.

Contacts

When it comes to using charity to further your business there is one important word: contacts. Firstly you’ll need to get contact information for the organization that you’re going to be helping out. Today most charity organizations have a website with all of that type of information directly on it, which can make it very easy for you to find what you need. Contact the person in charge, introduce yourself, and explain what your business is. Then tell the person that you were hoping that your business could help the charity to raise money and listen as the other person gets very excited.

Once at the charity event you need to make contacts with the people who are attending the event. Make sure that you are by your inflatable as often as you possibly can be and that you have business cards ready to hand out if asked. It’s not polite to start forcing your cards on people at a charity event, but it’s absolutely fine to give people a card if they ask you for one. Charity events can be a great place to help build your businesses size as well as it’s reputation!

Building Your Bounce House Business One Zip Code At a Time

April 22nd, 2011

Let’s not gloss it over: starting your own business is a very scary thing, especially if it’s the first business you’ve started. Even those people who have begun a number of businesses tend to get a bit nervous when they begin a new one, as you never know how the public is going to react to your business. If you’re thinking about starting a bounce house business, it’s natural to worry that any of the cash you’ve invested in the business by purchasing a new product from a bounce house manufacturer is going to be wasted, but if you do things right you’ll see a huge return on your investment.
Zip Codes Near You

One of the largest mistakes new business owners do is to try to take on too much at once. It’s a bit like overfilling your plate during the holidays and later paying for it in the form of a belly ache. Although when you talk about biting off more than you can chew in the business industry, you’re talking about having too much stress, too much work, and not enough of a profit to justify either of them. Growing your bounce house business is definitely something that you want to have happen, but if it happens too quickly you won’t be prepared to handle your customers needs, which will then give your company a bad rap and may wind up with you having to shut down your business.

Instead of trying to move too fast, learn to grow fairly slowly. One great tip is to conquer your own zip code before you start working at other zip codes. What does this mean? Once you’ve purchased all of the houses you want from your bounce house manufacturer you need to focus on renting your bounce house to those who are within the same zip code as you. It’s always great to start out with friends and family and your inner circle of confidantes, because then you have a group of people who will always sing your praises to others. Referrals can make up a huge percentage of your business if you do it right and provide great service and a great product, allowing you to rake in even more profits as you won’t have to spend as much on advertising. Once you’ve dominated your zip code with your bounce house rental company, you can then work on dominating a zip code that’s near to you, and then another, and then another, until your business has grown as large as you want it to be.

What Do You Need to Run a Profitable Bounce House Rental Business

March 22nd, 2011

There are many people who start up new companies on a regular basis. They know everything that they need to do in order to get the most profit out of their company in the least amount of time, and they make starting a business look extremely easy. This, however, is not the case. Anyone who has ever tried to start a company with little experience will tell you that it takes a lot of hard work to get your business to become profitable. If you want to start a bounce house business you’ll need to have a few things, and you’ll definitely need to find a great bounce house manufacturer that you can trust in.
The Basics

One mistake that a lot of rookies who are starting a business make is that they think that they need to have everything right off. They think that they need to have the best computers, for instance, or the top-of-the-line cell phones. When, in reality, the best way to make the most profit from your business is to start with only having the basics. When you’re talking about running a bounce house rental business, the basics are actually pretty easy to get.
First you’ll need to have some jump houses to rent out. Find a reputable bounce house manufacturer online and figure out which bounce houses are going to be the ones that are the best for your area. Try to get houses that no other inflatable rental business near you offers, so that you can offer something completely different. How many houses should you have? Experts suggest having three: two large ones and one smaller inflatable, such as a slide.
If you have the right bounce house for your business, you’ll also need to have a reliable vehicle. With the bounce house rental business it’s customary for the renting business to go to the location of the renter and to put up the bounce house. This means that you need to have not only a reliable vehicle, but also one that has a large enough cargo area to carry the bounce house. Some businesses opt to use trucks, others wagons, and some use minivans.
Aside from doing the paperwork, getting insurance, and figuring out how much you should rent your inflatables for, the few things listed above are truly the basics that you’ll need to start your rental company.

Building Your Bounce House Business With A Free Day

March 9th, 2011

When you’re talking about building up your bounce house business, there are a number of different things that you can do. There are all sorts of promotional options that you can look to, from paying for more advertising to lowering your prices for a specific amount of time. One thing that you may want to think about, if you’re looking to get more action from the bouncer you purchased from your inflatable manufacturer, is to have a free day. Many people who use the bounce house they got from their inflatable slide manufacturer to have a free day find that this is the best way to bring in new customers.
How to Do It

What is a free day? A free day is when you offer to let people enjoy your bounce houses for free. Yes, it does seem like it’s counter-productive to let people use the house you purchased from the inflatable slide manufacturer for free, after all you need to recoup your money somehow, but in reality it’s actually a genius marketing gimmick, especially for people who are renting out bounce houses.
The first thing you require is a place. Where are you going to set up your bounce house? If you’ve got room at your house you may want to do it there, but if not you might want to look into having your free day at a park on a Saturday or Sunday afternoon. Parks are a great place to attract the attention of kids, and their parents, and to entice them to try the bounce house from the inflatable manufacturer. Make sure you check with the city that you live in before you put up your bounce house to make sure that you don’t need any specific permits, and if you do need permits, make sure that everything’s in order before you even begin to announce your free day.
Once you’ve got the permits (if you need any) lined up and taken care of, it’s time to announce your promotional day! Put posters up around the park that say when you’re going to be having the free day, and what you’re going to have available at the free day, such as if you’re going to hand out hot dogs or cotton candy as well as letting children enjoy the bounce houses. On the special day make sure you’ve got everything in order. Put up your bounce house early and get any free food ready to go. Then welcome everyone to enjoy the bounce house for free. Make sure you hand out business cards or fliers that advertise your company to everyone who comes. Sooner than you know you’ll find that you’re getting almost more business than the bounce house you got from the inflatable manufacturer can handle!

Why you Should Write a Business Plan

February 18th, 2011

castle-comboWhen you first begin your own business, things can be extremely unnerving. It’s always scary to begin something new, especially if it’s something that you have very little practice in doing. That’s why almost all business experts advise people who start a new business to write a business plan. Even business owners who have begun Fortune 500 companies look at a business plan before fully deciding to invest in something. If you’re planning on beginning an inflatable rental business, before you even begin to look for bounce house sales websites, it’s vital that you write your business plan.

What it Does

Imagine trying to build a house without any blueprints. Could you build something that looks like a house? Possibly, if you’ve built a few homes before. But is that house going to be anywhere near as sturdy as one that was built with solid plans? Likely not. A business plan is exactly that – a blueprint for your business. It’s a way to keep you organized and to help you to stay on track. You would never believe how easy it is to get off track when you’re running your own business. Things change and you find yourself trying to change to adapt to specific situations, such as trying to find the right bounce house manufacturer or trying to gauge your demographic. Your business plan can help you to keep on track.

What to Write

What should you add in your business plan? Look online and you’ll find dozens of sites that can help you to understand what types of things you should put on your business plan. What you opt to include is all up to you. You should always put into your business plan, however, your company’s goals, how you’re going to achieve them, and what your company’s core beliefs are. These three things can help you to stay on track, even when the bounce house sales situation takes a turn that you didn’t expect it to take. You don’t have to come up with sophisticated words, nor do you have to have a business degree to be able to put together a business plan. You simply have to do some research on the formatting and to flush out your business idea thoroughly.

Four Steps to Starting a Bounce House Business

February 5th, 2011

Bounce HouseThe idea of being able to be your own boss is one that is interesting to most people, and for good reason. If you’re your own boss you’re able to earn a great deal more money for yourself, as all of the profit that you make belongs to no one but you, and you can choose how to spend it, whether to bank the money or to reinvest it in your bounce house business. If you’re interested in beginning your own bounce house business, here are the five steps that you will have to take.

Step 1: Checking Yourself

Before you start spending any money for your business, or looking at moonwalk sales websites, it is a very good idea to ensure that you are a person who is going to be able to make a business like this viable. Don’t feel bad if you’re not someone who is able to build a successful business – not everyone is cut out to do so, and it’s better to look deep into yourself to determine if you are a person who can make a business work or not before you spend money at a moonwalk sales site.

Step 2: Planning
Once you’ve determined that you’re someone who will be able to have a successful business, it’s time to start planning. What do you need to begin your bounce house business? You’ll need to have a bounce house, and some starter business skills, such as knowing how to advertise inexpensively and knowing what your target market is. It is best, of course, to figure out what your target market is before you go to a moonwalk sales website to make your first purchase, so that you can make sure that you purchase the type of bounce house that will rent well in your area.

Step 3: The Purchase

Once you’ve figured out your target market, it’s time to buy your bounce house. Not everyone has the ability to buy two or three houses at once, so don’t get discouraged if your finances do not allow you the ability to purchase more than one bounce house. You can still create a successful business with just one house to start with. Make sure, before you purchase your house, that you have found a reputable moonwalk sales site to purchase from. It’s a good idea to thoroughly investigate the site before you make the purchase.

Step 4: Starting the Business

Once you’ve purchased your bounce house, you’re ready to begin your business! Start advertising and make sure you’ve got your rates set up. It’s a good idea to set up and dismantle your house a number of times just to make sure that when the calls come in, you’re easily able to set everything up.