There are regular mistakes that are made by both newbie and seasoned bounce house rental agencies alike. Even though such errors can’t always be avoided, realizing them and amending them can make a substantial difference in keeping your stress levels down.
Choosing The Wrong Type Of Bounce Houses
A select few only accept themed bounce houses. When you purchase bounce houses, ensure you are getting gender-neutral ones as well as combos. Combos are generally pricier, but they rent out far better.
Starting Too Big
Before you can start renting out your merchandise, you first must create a customer base. Without building a customer base, the bounce houses will just sit in your warehouse, collecting dust. First, establish a customer base before expanding your inventory. This way, you can purchase new merchandise once you’ve earned some revenue. Cutting Edge Creations is an inflatable manufacturer in the USA offering wholesale pricing on commercial inflatable bounce houses. Starting on a small scale can help you with understanding the basics of how the organization operates.
Not Having An Appropriate Written And Signed Contract In Place
An agreement is not entirely legal or binding since there are always loopholes, and a judge usually favors the consumer. It’s best to hire a local attorney to draw up a proper contract. Laws vary in different states; therefore, it is advisable to hire one in your state. Never make handwritten changes to the agreement before signing. Some consumers may require certain items to be added to their contract. First, check with your insurance company before making alterations. They have a legal department that can review and approve the changes.
Not Checking Out The Competition And Their Pricing
It is always useful to know where the competition stands to help you with determining to price. Factor in things like the rental period, delivery charges, plus extra fees like mileage and set-up.
Not Having The Right Balance Between Inventory And Infrastructure
If you tend to be very busy and are receiving one phone call after another, do not rely on your cell phone as the only means of communication and instead have a landline installed. Make sure you invest in infrastructure to accommodate your inventory and the demand. For instance, evaluate your space requirements. In many cases, a warehouse is more suited than a storage facility. With upgrading the infrastructure, you can end up saving money.
Not Hiring Employees Before The Busy Season
It is vital to understand the nature and history of your company and differentiate the busy seasons from the slow ones. If you’re going to require additional help during the busy season, be sure to hire the new employees and have enough time for training before the season starts.
Not Purchasing New Inventory Every Year
It is always better to start slow, but once business picks up, it is useful to add more inventory. For most, the investment will pay off. Consider the different types of clientele, for instance, churches and schools. When you buy various types of merchandise, it can create new opportunities for different kinds of customers. Updating your existing bounce house rental inventory keeps things interesting and offers a better variety to your existing customers.
I’m a 20-something stay-at-home mother and wife. I have an amazing husband, a beautiful daughter, two loving dogs, and a lazy cat. I wouldn’t change my life for anything! I love to read, listen to music, cook and blog!
It’s good to know that companies hire good employees before it gets busy. I’ve been thinking about renting a big bounce house for my son’s birthday in the spring. I’ll have to keep researching for the best company that I can rent from.