There are many other areas to expand in the party rental niche that you can explore to supplement your income from inflatable bounce houses. Renting out bounce houses could just be the start. You may be able to notice a gap in the market based on price, variety, service, or some other factor. It's essential to do this before you commit to buying any stock. Find out what they are doing, their prices, what type of stock they have, and any additional information you can find. So look at the other bounce house rental companies in your area. If your local market is saturated with similar providers, it might be hard to make your business work. One of the most important pieces of industry research you can do is find who the other bounce house businesses in your area are. Who are the main competitors in your area? If your business serves an area with a high concentration of young families, you could be really busy, especially if you don't have a lot of competitors. Your business location or service area can be the difference between success and failure. But by and large, private birthday parties and similar events will likely make up the bulk of your business. Schools, churches, fairs, festivals, and so on are all places that require bounce house rentals from time to time. Of course, another niche that you can serve is public events. However, it's worth noting that in recent years, many adults also book bounce houses for parties. While kids are the biggest target market for bounce house companies, in reality, you'll be selling to their parents. Let's look at the target market for bounce house rentals and other business-related factors you need to consider. From a business perspective, the great thing about bounce house rentals is that the demand is stable, and according to Google Trends, the interest in the industry has slightly increased over the last five years. The sector took a slight hit during COVID-19 but is recovering well as social distancing has decreased.īounce house rentals are just one segment of that leisure market. The party supply rental industry is worth $6bn a year. You can't go into your business cold without researching your market, competitors, and the costs involved in starting a bounce house rental business. Create a bounce house rental business planīefore you jump into your new life as a rental business owner, you need to make a business plan. Position your operation in the right location and build a good reputation, and you can be busy all year round. That's precisely the case with bounce houses. A rental company can be a great business if you're passionate about sustainability, but in some cases, the practicality of renting just makes more sense. Running a bounce house rental is an exciting option for new business owners. You can rent bounce houses in a vast amount of places:
But did you ever wonder who owns those things? Well, it could be you if you start an inflatable bounce house business.
If you've ever been to a kid's birthday party, you've probably been on an inflatable bounce house.
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