Become a
Member of Mommy Empire and view our
library of video tutorials, downloadable tutorials, free
guides and more! Best of all it's FREE to become a member.
Everyone loves
to party, but not everyone has the items at their disposal to actually have that
party. They may need streamers, bouncy castles, balloons, food and more, but
where do they get it from? Well, that is where you come in with your party
rentals business. With your business, you will be able to rent out the party
supplies that people need. Through the summer time, you will find you get a lot
of business from birthday parties, weddings, community events and more. You
could get so much business that you may even have a waiting list for all your
supplies. If you love having fun and helping others have fun, then this is the
best job you can have. It is the job where every single day is a party.
The Concept
Essentially, when you are a party rental
service, you rent out all the things people
need for parties. This is everything from
birthday hats to inflatable displays that
can help bring people to a community event,
or serve as an attractive piece for a
birthday party. For those who love having
fun and running a business that is all about
fun, a party rentals business is the best
business in the world. It is also very
profitable. When you think about the fact
that you have birthdays parties, graduation
parties, wedding receptions, community
events and other celebrations, all
throughout the year, you can make a great
killing in profit from it.
There is no schooling or certification that
needs to be obtained for this type of
career, and if you have a drive to succeed
and party, then you will do well as the
owner of a party rental services business.
The career does require you to be on the top
of the pop culture world as well. If you buy
up a bunch of Teenage Mutant Ninja Turtle
party supplies, you may not sell much.
However, if you buy up Transformer party
supplies, you will be booked solid. Knowing
the trends and responding to them is key in
the success of this type of business.
Startup Costs
The costs for a party rental services
business is actually quite high. You need to
not only pay for a facility to house
everything, which can run $1,000 or more a
month, but you also need to have all the
party supplies ready when you open your
doors. Don’t expect to spend less than
$10,000, but you shouldn’t be paying anymore
than $50,000 to $75,000.
How to Market It
The newspaper will be the lifeblood of your
marketing technique. You need to reach as
many people as you can and the newspaper is
the best way to do this. You can also put up
flyers and posters at places where people
gather, including malls. You should also
approach the city to find out if they need
anything from you, usually as part of a
sponsorship, for community events in your
area. Sponsoring these events with your
supplies will help get you noticed by
others, and drive up the word of mouth
advertising.
The Concept
Startup Costs
How to Market It
