![]() Name should be relevant to your product or service offerings.Names that are easy to say and spell tend to do better.Short, unique, and catchy names tend to stand out.Here are some ideas for brainstorming your business name: You probably want a name that’s short and easy to remember, since much of your business, and your initial business in particular, will come from word-of-mouth referrals. Your business name is your business identity, so choose one that encapsulates your objectives, services, and mission in just a few words. Ready-to-use space with no major renovations or repairs needed.Flexible lease that can be extended as your business grows.Ventilated and spacious, with good natural light.Central location accessible via public transport.When choosing a commercial space, you may want to follow these rules of thumb: It’s likely that you’ll always be able to run your business from home, but if you need to rent a facility, you can find commercial space to rent in your area on sites such as Craigslist, Crexi, and Instant Offices. Schools and local fairs and festivals could also be good target markets. You can find them on Instagram, Facebook, or even LinkedIn. Your target market will be parents for the most part. Remember, the prices you use at launch should be subject to change if warranted by the market. Once you know your costs, you can use this Step By Step profit margin calculator to determine your mark-up and final price points. You should aim for a profit margin of about 60% after you’re large enough to have staff. Your ongoing costs will be for fuel and labor, when you need it. Rental prices for bounce houses range from $30 to $50 per hour. How much should you charge for inflatable bounce houses? In addition to bounce house rentals, you could have: What? Determine your products or services This could jumpstart your word-of-mouth marketing and attract clients right away. You might consider targeting a niche market by specializing in a certain aspect of your industry, such as inflatable water slides and interactive games. With annual revenue of $150,000, you’d make a tidy profit of $90,000. At this stage, you’d hire staff, reducing your profit margin to around 60%. As you begin to get repeat business and referrals and you add more bounce houses, sales could climb to 12 bounce houses rented for 6 hours per week. This would mean $45,000 in profit, assuming that 90% margin. In your first year or two, if you have 4 bounce houses and supply them to two 3-hour parties per week, you can bring in about $50,000 in annual revenue. Inflatable bounce house rentals cost about $40 per hour. How much can you earn from an inflatable bounce house business? Inflatable bounce houses - package of 4 - 6 Setting up a business name and corporation You’ll need a handful of items to successfully launch your inflatable bounce house business, including: You can buy packages of 4 to 6 bounce houses that come with dollies and an air blower for $7,500 to $12,500. Startup costs for an inflatable bounce house business range from $9,000 to $16,000. How much does it cost to start an inflatable bounce house business? ![]()
0 Comments
Leave a Reply. |