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I've compiled a list of mistakes both seasoned bounce house rental companies and rookie bounce house companies make every day. Although mistakes are inevitable, realizing your mistakes and correcting them can make a huge difference and keep your stress level down too. I will start with new bounce house companies and then transition into established ones.
This is an interesting one to me, but there are always bounce house companies on Craigslist that are getting out of the rental business and they are selling 4-licensed (themed) bounce houses. Themed bounce houses can only go out to a select few. Make sure to start with gender neutral bounce houses rentals and combo units. Combos are more expensive to purchase, but they rent out far more, too. We can always lower the price on combos, but we cannot add a slide to a bounce house. The likelihood of a customer accepting a Sponge Bob bounce house over a gender neutral bounce house is extremely rare. Make sure to start with units that most customers will rent. You can check out our bounce houses to see our mix of units
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Before we can rent bounce houses out, we need a customer base. Without a customer base our bounce houses will sit and collect dust. Build your customer base first and add to your inventory. This will allow you to purchase new inventory with revenue earned versus personal or business loans. Also, starting small allows you to understand the core of how your operation works. Trust me, it is much easier and cheaper to make changes to a small operation than to make changes to a larger one. For instance, the first three new bounce houses I purchased were from China. I heard about the pros and cons of buying bounce houses from China, but the cheaper prices helped me overlook everything else. To this day, I still have the first used bounce house I purchased (it's sentimental I guess). It was 4 to 6 years old when I purchased it eight years ago, but those three new China bounce houses only lasted 2.5 years. I donated them to a charity because they were not worth reselling for business. Luckily for me it was only three and not 20 that I purchased; experiences like that helped me to grow and save money, too.
Contracts are not completely legal and binding. There are always loop holes that can be found and judges that are pro consumer. Make sure to pay a LOCAL attorney to write or edit your contract. Laws are not the same from state to state, so using a contract from a rental buddy from three states over might not apply to your state. Do not allow anyone, including yourself to make hand written adjustments to a contract before signing. Also, some customers ask for specific things to be added to the contract. Always consult your insurance company before making those changes; they have lawyers on staff to read over and approve any changes requested by the customer.
This is a powerful tool that many companies do not take advantage of. There are moonwalk forums available for us to read and view lots of information in our industry. We can also contact a local company across town that we are not in direct competition with. These are seasoned companies that have made mistakes and resolved them. They know the customers in the area and can pass this information on to you. You just have to ask. As for seasoned companies, build an alliance with other companies around you to share ideas problems and everything else you are going through. Two heads are better than one.
Pros & Cons Of Starting A Bounce House Business (2023)
Don't use the only measurement of your prices based on those of your competition, however you do need to know where your competition stands to help sell yourself. This goes beyond simple pricing, but into how long the rental period is, the distance traveled for delivery, plus additional fees for mileage and set-up. All of these little things help differentiate bounce house rental companies and help customers decide on whom to rent from. You have to know this information so you can better sell yourself.
Have you ever seen the UPS commercial where the new company opens their doors and gets hammered the first day and cannot keep up. This is a common problem with many companies including bounce house rental companies. Before I bought a database years ago, I spent 2 hours hand writing all my contracts on Friday night. Now I print thee times as many with a few click of the mouse. If you are receiving phone calls back to back, do not rely on your cellular phone anymore upgrade to an office phone with business lines. If you do not have enough box trucks or trailers and employees to deliver 2/3rds of your inventory, invest in your infrastructure. Make the adjustment from garage to storage facility to warehouse in a timely manner. The cost increases, but many other things change that can actually help you save money and time too. For instance, when I moved from a storage facility to a warehouse we were able to clean 15 units in the time it took us to clean five units before. This was because we did not have to trailer them off sight lug around generators, bring cleaning supplies and many other things, then return them at the end of the day. These are the little things that can actually save you money when upgrading your infrastructure.
We all need to understand the history with our business and know the busy times from the slow ones. For instance, I am in Texas and January is the slowest month of the year. February is busier but still slow and March takes off. It is imperative that I use January to train my existing employees and see where we stand and February to hire new employees and have them trained so we are ready to work in March. If I wait until March I do not have the time to hire and train before their services are needed. Be prepared to get ahead of the curve, it will keep your stress level down.
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I remember having about 5 to 7 units and things were going well. I decided to add to my inventory obstacles and water slides rentals. For me, that addition was magical. I started receiving phone calls from a whole different type of clientele, schools and churches. As you add different types of products it opens the door for different types of customers. Also refreshing your current bounce house rental inventory keeps your current customers happy as well. This is another way to keep customers looking forward to the next thing in your inventory too.Owning your bounce house business could be the perfect fit if you’re looking for an exciting and rewarding way to make a living.
Not only is it fun and creative, but there are also plenty of perks that come along with being in charge of a bouncy castle enterprise.
Today, we will explore both the pros and cons of owning such an entrepreneurial venture so you can decide if starting up your own jumpy castle company is right for you!
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The possibilities of what you can offer your customers with a bounce house rental business are endless; from custom designs created specifically for the occasion to special themes like superhero themed-parties!
The success of any jumpy castle enterprise depends on how well it’s managed – from finding good locations where people may be interested in renting one, creating enticing promotions and advertising campaigns targeting potential clients to ensuring safe operations by providing high-quality equipment and inspecting each unit regularly.
With so many facets involved in owning such a fun yet responsible type of company, there are lots to consider before making this plunge into entrepreneurship!
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As with any business venture, owning a bounce house company comes with both advantages and disadvantages that need to be weighed before making the decision.
On the downside, however, you’ll likely have lots of competition from other established businesses which means customers may not always choose yours even if they like what you offer – thus putting pricing pressure on margins as well as requiring more active marketing efforts than usual to stay competitive.
Additionally, legal issues such as insurance coverage could arise due to misuse by unsupervised children leading to additional expenses that might cut into profits significantly!
How To Start A Bounce House Business: The Complete Guide
Ultimately only YOU can decide if starting a bouncy castle business is right for
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