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How To Compete Against Low Rental Business Prices

Posted By : Gary Simon Date Created : January 18th, 2013 Date Updated : May 30th, 2018

Cottage BounceYou’ve got your wholesale moonwalks rental business up and running and making a decent profit. All of a sudden some new person moves into your area and starts offering the same type of inflatable units at a lower cost. Suddenly you find that this other business is cutting into your profits. You may be instantly tempted to start cutting your rates as well in order to compete against the new business – is this really a good idea, or can you actually lose money by cutting your prices? And if that is true, what can you do to compete against new businesses in your area?

Cutting Prices

It can seem like a good idea to cut the rental prices on your moonwalks rentals in order to make more money, but it may actually lose your money. Let’s say that you rent out one of your units for $100 a day. If you rent out two units per week that turns you a net profit of $200 a week. Now let’s say you give a 10% off discount option. Almost instantly you’re losing $20. $20 may not seem like a big deal, but add that up over the months and you’ll have lost $80 profit. The more of a discount you offer, the more money you’re losing it is very possible that cutting your profits could be devastating for your business.

So How Do You Compete?

If it is not a good idea to compete against other new businesses by lowering your prices, then what should you do? One option is to add value to your company. Adding value to your company means bringing in more high quality items that your customers can rent. For instance you may start offering concession machines to rent along with your moonwalks. Imagine how much more earning potential you have if you were to add cotton candy machines, popcorn machines, or even hot dog machines as rental options for your business. You can even start renting tables, chairs, and tents. By turning your bounce house rental business into more of an entertainment rental business you will find that you attract more customers.

Also, remember to make sure that your loyal customers are treated right. Those of the customers who should receive discounts for ordering again and again rather than your new customers. Loyal customers will always give you more of a profit opportunity the new customers.

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Rules for Bounce House Employees

Posted By : Gary Simon Date Created : August 24th, 2012 Date Updated : May 30th, 2018

Princess V Roof CastleWhen you first start a business renting moonwalks, you will likely be doing so on your own or with the help of your partner. After a few years, however, if you have done things correctly your business may get to the point where you need to hire employees. When you own your own business it’s easy to tell yourself what you need to do, but many new business owners do not realize that they need to make the rules clear for their employees as well. It is always a good idea when you own a business to set down some ground rules that your employees need to follow. Every business has their own rules, but you can customize the rules to work for your specific business. Here are a few rule ideas that you may find to be a good fit for your moonwalks rental business.

Dress Code – One thing that many people love about owning a moonwalks rental business is the fact that they don’t have to wear a suit and tie every day. While there is no need to be formal when setting up the bounce house, it is a good idea to make sure that all your employees have a similar look. It can be very inexpensive to purchase printed T-shirts that have your business’s name and logo long, allowing your employees to look professional while also giving you a bit of free advertising at the same time.

Language – Studies have been done that is shown that if you injure yourself, and you swear immediately following the injury, the pain that you feel is actually lessened. But when you own a moonwalks rental business, however, you are around children on a regular basis which means that you will need to watch the swears coming out of your mouth. Make sure all employees know that swearing is not allowed whenever you are setting up moonwalks.

Staying On Time – One thing that all employees of a moonwalks rental business need to understand is time management. Being there when you say that you will be is extremely important. Being late makes not only the employee look bad, but makes the entire business look bad. Make sure that your employees understand how important staying on time is. You can even create, and enforce, a punishment system for being late, such as docking them a few dollars for every hour they are late to a setup (as long as there are no extenuating circumstances, that is).

Remember: it’s your business so you get to set the rules, but be sure to set some rules so that you are able to have a business that thrives rather than one that takes a dive-bomb.

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The Importance of High Quality For a Bounce House Business

Posted By : Gary Simon Date Created : May 28th, 2012 Date Updated : May 30th, 2018

16-Wave-All-Marble-w-PoolNot everyone is equipped to run their own business, but unfortunately what generally happens is that people believe they have the ability to run their business and to purchase the equipment they need only to quickly discover that the business is not what they dreamed it would be. When this happens they have two choices – throw everything away or sell everything they can to try to recoup some of their losses. In general, people tend to try to sell their belongings. This leaves those who are looking to get into the bounce house rental business with interesting dilemma: do you start your moonwalks rental business by purchasing brand-new inflatables, or do you save a bit of money and purchased a used business?

Used Bounce House Business

There are definitely a number of benefits to purchasing a used moonwalks rental business, with the main benefit being the ability to save money. Most moonbounce sellers are getting rid of their inventory simply because they want to try to recoup some of the money they spent on starting a business, and because of this they are generally likely to sell you their products at a fairly reasonable price. Is this, however, a good idea?

Whenever you look at a used bounce house to buy, there are number of things that you need to keep in mind before making the purchase, starting with the quality of the moonwalks that you’re looking to purchase. Did the seller purchase high-quality moonwalks to begin with, or do they purchase shoddy products? How often was a used? If it was used only a few times, it is likely still in very good condition. If, however, it was rented out a number of times, the condition of the unit should definitely be brought into question.

Buying New

It can definitely be tempting to want to save money by purchasing a used moonwalks rental business, but unless you’re very careful you may find that you’ll actually spend more money by purchasing used business. This is because these types of units are built to last, but they don’t last forever. If you don’t know anything about the quality of moonwalks, you may also find yourself the owner of the unit that is not designed for commercial use. If you truly are serious about starting your own business, you may want to save up your money to purchase units brand-new rather than to purchase them used.

 

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Should You Purchase a Used Bounce House Business

Posted By : Gary Simon Date Created : May 25th, 2012 Date Updated : May 29th, 2018

Candy MoonwalkNot everyone is equipped to run their own business, but unfortunately what generally happens is that people believe they have the ability to run their business and to purchase the equipment they need only to quickly discover that the business is not what they dreamed it would be. When this happens they have two choices – throw everything away or sell everything they can to try to recoup some of their losses. In general, people tend to try to sell their belongings. This leaves those who are looking to get into the bounce house rental business with interesting dilemma: do you start your moonwalks rental business by purchasing brand-new inflatables, or do you save a bit of money and purchased a used business?

Used Bounce House Business

There are definitely a number of benefits to purchasing a used moonwalks rental business, with the main benefit being the ability to save money. Most moonbounce sellers are getting rid of their inventory simply because they want to try to recoup some of the money they spent on starting a business, and because of this they are generally likely to sell you their products at a fairly reasonable price. Is this, however, a good idea?

Whenever you look at a used bounce house to buy, there are number of things that you need to keep in mind before making the purchase, starting with the quality of the moonwalks that you’re looking to purchase. Did the seller purchase high-quality moonwalks to begin with, or do they purchase shoddy products? How often was a used? If it was used only a few times, it is likely still in very good condition. If, however, it was rented out a number of times, the condition of the unit should definitely be brought into question.

Buying New

It can definitely be tempting to want to save money by purchasing a used moonwalks rental business, but unless you’re very careful you may find that you’ll actually spend more money by purchasing used business. This is because these types of units are built to last, but they don’t last forever. If you don’t know anything about the quality of moonwalks, you may also find yourself the owner of the unit that is not designed for commercial use. If you truly are serious about starting your own business, you may want to save up your money to purchase units brand-new rather than to purchase them used.

 

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When to Ask For Help

Posted By : Gary Simon Date Created : April 30th, 2012 Date Updated : May 29th, 2018

Primary Color Double Lane SlideWhat is the number one reason why most people start their own small, home-based business? So that they can be their own boss. Dealing with a boss day after day, especially if you do not like or respect the boss that you have, can be extremely frustrating. So you purchase a few moonwalks and you start your own bounce house rental business.

One of the key mistakes that most moonwalks rental business owners make is that they do not realize that there are times when they need to ask for help. There are times when they’re not able to do the things that need to be done for the business and rather than asking for help, they try to do those things themselves. If you would like for your moonwalks rental business to not only stay open but to thrive, it’s vital that you learn when to ask for help.

Asking for Help

Everyone has limitations, and that is not a bad thing. Limitations let us know what we can handle and what we can not, and recognizing and acknowledging your limitations is extremely important. One way to figure out when you need to ask for help, and when you do not, is to think about your strong points, and your weak points, and to list them all down on a piece of paper.

For instance maybe you’re great with people. Then you would write down something like “people person” on the paper. Maybe you’re great with numbers, or you are a very technical person – these are all things that you should write down on your paper. Then, on another paper, you’ll write down things that you’re not so good at. Maybe you’re not great at running a website or thinking up an ad campaign.

Once you’ve figured out the things that you’re good at, and the things that you need help with, you should post the lists somewhere where they are easy to see. Then, when something pops up that you have on your list as being something you’re not very confident in doing, you can get some help. Eventually your moonwalks business may grow to the point where you have to hire help, but you may be surprised to find that there are likely people all around you who are more than happy to lend you a hand. Knowing when to get help is key to having a successful business.

 

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