Some bouncy castle hire companies only make small profits whereas others rake in massive profits all year round. You can copy what these successful companies do if you have the know-how. This report does just that
1) The most important thing you can do first of all to develop and grow an extremely successful bouncy castle hire business is to have the right mindset. You can learn a great deal from people in other industries who have excelled in their chosen field. E.g. Richard Branson, Duncan Bannatyne, etc. Read some of their autobiographies and learn from them.
2) You need to start thinking big. Get rid of negative thinking habits and start focusing on running an efficient profitable business.
3) Look for new markets that you can break into...e.g. corporate, local authorities, fund raising.
4) Break these down into segments, e.g. Corporate may include Company fun days, team building events, promotional events, sponsored events, event planning, TV and film work, corporate entertainment, corporate hospitality, etc. etc.
5) Look for different groups of people who would be interested in using your services....Think outside of the box. You may be used to just providing bouncy castles for childrens' garden parties, but the income generated by doing this can be very limited. Look at local companies and also your competition to see if they are providing a satisfactory service to their corporate clients. If they are not, then here is a great opportunity to compete. If you offer a first class service, you will start to gets lots of quality referrals.
6) Look to see what these companies want to hire out........The most popular items for fun days and corporate hospitality days tend to be: obstacle courses, inflatable slides, adult bouncy castles, gladiator duel, sumo wrestling, rodeo bull, surf simulators, and bouncy boxing.
7) Add some free "sweetners" to the hire package such as bouncy castles and ballponds for children who will be present and also giant garden games which can be bought in relatively cheaply.
8) Think about what other rental products you can offer to your clients. E.g. they may need a marquee, a DJ, or more exotic corporate entertainment. If you cannot provide it in-house, then outsource it and take a share of the commission.
9) Try to make contact with the "Entertainment Secretary" or whoever is responsible for organising corporate events. Send them some of your literature including colour photos of your equipment. Even better, try to make an appointment with them.
10) Don't go in too cheap. Many companies will shy away from the cheapest quote as they may think that this equates to shoddy and unreliable service.
If you follow these 10 tips, you should find it easier to break into the corporate market where profits tend to be considerably higher.