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an inflatable (bouncing castle) for rent in Kenya

Wikipedia defines an inflatable as an object that can be inflated with gas, air, hydrogen, helium and nitrogen.

A balloon is the most popular inflatable because it’s filled with gas, air, hydrogen, helium and nitrogen.

There are various types of inflatables you can buy and rent for-profit and they include inflatable castles, holiday inflatables like Santa, holiday inflatable decorations, slides which can be dry, wet or wet and dry, obstacle courses, air mattresses, inflatable shooting galleries and kites.

What is an Inflatable Rental Business and How Does it Work?

”Inflatables” make you remember childhood memories.

People need inflatables for recreational purposes.

You can hire your inflatables for wedding parties, bachelor/bachelorette parties, children’s birthday parties, shows and exhibitions.

Inflatables are in high demand today because there is no barrier in this business.

You can choose to start your business and run an online rental store or operate a storefront inflatable rental business.

Here is a step by step guide on how you can start your business renting inflatables.

Is Renting Inflatables Profitable?

Yes, renting inflatables is very profitable.

Starting a business renting inflatables is a good investment that anyone should try, either as a part-time or full-time job. Inflatables are on-demand today.

You will serve a wide customer base.

For this reason, this is a good opportunity for anyone who wants to start their own business and earn some money or make a living from this business.

Starting a business renting inflatables has high-profit margins and this business is a great idea for any young entrepreneur, especially with the current rise.

How Do I Start a Business Renting Inflatables?

Starting a business renting inflatables is quite easy.

Once you have already made up your decision, you have to know how you are going to build your business renting inflatables from scratch.

You can choose to start your business and run an online rental store or operate a storefront inflatable rental business.

Here is a step by step guide on how you can start your business renting inflatables.

Do market research

Establish the market gap in your business, look at the competition, the different pricing models and find out what is missing.

Are customers satisfied with the current business offerings? What are their pain points?

What are your competitors doing?

What pricing are they using?

Is it fair to the customers?

How can you improve on the issues you have identified?

Once you have done your market research, you should have all the answers that you need to give you a nudge to start your inflatable rental business.

You need to be able to understand the market so that you can gain a clear perspective, going into this business.

Get your inflatables ready

After establishing what the market gap in the industry is, you need to get the right inflatables for your rental business. You can choose to go for inflatables that fit your needs.

This preference could be based on the type, shape, colour and size of the inflatables that you want.

Invest in something that you know people will be attracted to so that your business can kick off once you set up everything. 

Obtain the necessary permits and licenses

If you are opening a storefront inflatable rental business, you need to get the required business license so that you are in full compliance with the law.

You do not want to start your business and risk getting it shut down or pay heavy fines for failure to follow the government’s rules and regulations about your business.

Market your business

Once you have set up your inflatable rental business, you have to market it widely and promote yourself so that you can have people visiting your premises to use your inflatables.

When you market your business, you expand your customer base and also increase your business’s growth potential. 

Good pricing

Let your pricing be fair to your clients and profitable to you if you want to start and run a successful business renting inflatables.

Pick a good location

Start your inflatable rental business in great location areas that are accessible and have good business rates so that you can serve more clients and be able to handle your expenses.

 Look at the competition

Check to see the competition and the area and don’t go for high competition areas if you cannot match up with your competitors.

Hire good staff

Since you will be handling a lot of customers, you can hire people to help you out in your business renting inflatables.

They will be handling the deliveries for you and the activities will be more manageable this way.

Market your business

Always promote your business.

Employ good marketing strategies that you know will put you and your inflatable rental business out there.

What Will I Do in a Business Renting Inflatables?

You need to know what you will be doing and the roles and responsibilities you need to take on to operate daily in your inflatable rental business.

These are the duties you will perform on any typical day in your inflatable rental 

  • Delivery and pick up of inflatables
  • Cleaning and maintenance of inflatables 
  • Repairing damaged inflatables
  • Preparing customer invoices and paperwork 
  • Administrative duties such as answering phone calls and scheduling conversations. 
  • Training your staff and ensuring they offer great customer service.
  • Marketing your inflatable rental business.

What Do I Need to Start a Business Renting Inflatables?

This is what you need to start a business renting inflatables.

  • Inflatable equipment like bounce houses. You can get them from eBay,Alibaba and Amazon.
  • A vehicle/ truck so that you can make delivery and pickup of your inflatables easy
  • Storage space to keep your inflatables 
  • Business license
  • Business insurance 
  • A business website 

What are the Expenses For Starting a Business Renting Inflatables?

You will incur both initial startup costs and ongoing expenses for your inflatable rental business.

You need to have a list of these expenses so that you do not fall short when making a financial budget for your inflatable rental business. 

  1. Cost of inflatables and related equipment. This includes getting inflatables, blowers and generators to inflate your inflatables 
  1. Maintenance and repairment costs in case your inflatables get damaged.
  1. Cost of cleaning supplies so that your inflatables may not mold or rot and give out a bad smell. 
  1. Fuel costs and vehicle repair
  1. Business website costs 
  1. Licensing fees. Check with your local authorities to know what these charges are.
  1. Insurance premiums 
  1. Marketing expenses 

How Much Does it Cost to Start a Business Renting Inflatables?

Starting a business renting inflatables requires relatively high startup costs.

This will depend on how scalable you want your business to be.

If you plan on investing in a variety of inflatables and start a large business, it will cost you more to start this business.

You can start up with your savings or raise capital from your friends and start this business.

How Do I Make Money With a Business Renting Inflatables?

You will make money from a business renting inflatables, by renting out your interested clients and charging them for using your inflatables.

This is the basic dynamic of an inflatable rental business.

There are other income streams like hosting party events where you get to charge your customers for using your inflatables.

This is also a good way to make money from this business. 

How Much Should I Charge My Customers?

an inflatable boat for rent

The amount of money you charge your customers will be dependent on these factors.

  1. Quality of the inflatables. High quality inflatables are expensive. You need to charge a fee that you are sure will accumulate to your cost of equipment after some time. 
  1. Amount of time. You can charge an hourly rate for your inflatables business. The longer your customers rent your inflatables, the more they will have to pay you.
  1. Competition. You also have to consider your competitor’s pricing models and see if they are fair and profitable. You can use their pricing model as a base to come up with your fees.

If you are renting out an inflatable, you can charge an average of Ksh. 5000 per weekend per inflatable.

Keep prices fair, profitable and competitive.

How Much Money Can I Make With a Business Renting Inflatables?

You can make millions of shillings a month renting inflatables.

The more you market yourself, the more money you make in your inflatable business.

You have a good potential to earn more if you invest in more than one inflatable and keep on advertising your business.

Legal Requirements For Starting a Business Renting Inflatables 

As you start your business renting inflatables, you have to look into the necessary permits and licenses that you need to obtain so that you do not land on the wrong side of the law.

You may start your business and it gets shut down because you are not in compliance with the local authorities.

These are the necessary permits and licenses you need to start a business renting inflatables.

  • Occupancy permit. if you are going to lease a space or build your inflatable rental business on it.
  • Business insurance 
  • Business license 
  • Inspection of inflatables  may also be another legal requirement by the state.

Best Location for an Inflatable Rental Business

Finding a good location is one of the most critical things you need to focus on when you want to start a business renting inflatables.

Here are some of the things you need to consider for the location of your inflatable rental business. 

  1. Competition. You do not want to start an inflatable rental business in places where competition is stiff unless you have something unique to offer customers. Otherwise, you need to tap into low competition areas with demand for your services.
  1. Accessibility. Your inflatable rental business should be in an area that has roads and motorways so that people may be able handle inflatable deliveries well.
  1. Foot traffic. Start your inflatable rental business in places that have high foot traffic so that you can increase your chances of people seeing and visiting your business. 
  1. Demographics. Understand the customer demographics in the area you have chosen so that you may know their needs and wants as well as how you can offer them the best services with your inflatable rental business.
  1. Business rates. Check the rates of starting your inflatable rental business in that particular area. For example the utilities and tax rates. If they are affordable, you can start your business there 

The best location for a business renting inflatables is in places that have high activities of the community and social events, for example, estates and urban centres.

What Skills Do I Need to Start a Business Renting Inflatables?

There are certain skills and qualities you need to have when starting and running a business renting inflatables. These are traits that a great inflatable rental business owner should have. 

  1. Networking skills. It is very important that you interact with industry experts and participate in local and community events. Networking exposes your businesses to people who may want to visit your premises later.
  1. Interpersonal skills. Great interpersonal skills are also needed to handle clients for your inflatable rental business. You should be able to connect with them to serve them better.
  1. Analytical skills. You need to do good market research and analysis so that you can understand the demographic you are catering to and invest in inflatables that will meet their needs.
  1. Commitment. Running a business renting inflatables may be hard so you need to be able to motivate yourself and be dedicated to your work so that your business may succeed
  1. Marketing skills. Promoting yourself and your business is important if you want to see your business grow. Remember, you want to beat competition that is available so that you can come out the best and have more people visiting your business. 

Who are My Customers and How Do I Attract Them?

Your target customers are people who hold events that have children or adult parents of younger children who want to have recreational fun.

Here is how you can find clients for your business renting inflatables.

Create a website

Your website should have good images of your inflatables and you should optimise it so that it appears on top of the lists when someone searches for it on Google.

Survey customers

Examine the prospective clients that you have and prepare survey questions for them. Ask them what they want from an inflatable rental business. If you ask, get ready to implement the change

Ask for referrals

Have a referral program, whereby if a customer is satisfied with your inflatables, they can recommend someone else to seek your services and rent your inflatables.

Use social media

Use the connections you have built online to showcase the inflatables available to be rented out. Go to Facebook or Instagram and have your business advertisements set up so that people will contact you.

Business cards

Have a business card with good branding, business details and contact information that you can give out in the community events that you will be attending. Your clients will know how to reach you when they want to visit your premises.  

Word of mouth

Be the best inflatable rental business everyone knows about and within no time, people will start renting out your inflatables.

Business Listings and Directories

Make your inflatable rental business available on sites such as Google or TripAdvisor so that people can come to visit for recreational activities. Create a business profile and ask for customer reviews.

Though business owners fear negative reviews, I love negative reviews or constructive criticism, a hard pill to swallow, but helps you know what direction to take your business.

Networking

Connect with industry experts and participate in local and community events and meet new people. Donate your facilities or your inflatables for school or a church. You will get more clients and leads in this way.

Advantages of Starting a Business Renting Inflatables

These are some of the benefits you will have when you start a business renting inflatables. 

  1. Profitability. An inflatable rental business has very high profit margins and you can make a lot of money from a single inflatable that you have rented out. These high profit margins are good for anyone who wants to make money renting inflatables. 
  1. It is not time consuming. Operating a business renting inflatables is going to demand a lot from you but you do not need to spend an entire day in your business. You can hire workers to help you in your business. Therefore you can start this business as a part time job. 
  1. Inflatables are thrilling. A lot of children love inflatables like bounce houses.  For this reason, starting a business renting inflatables is very valuable because you get customer’s fast. Invest in bouncing castles and water slides to have an even greater appeal.
  1. Little overhead costs. Your ongoing expenses are going to be minimal once you have a dynamic that you will be following in your business.
  1. Experiencing different types of parties and events. You may be attending different kinds of parties including kid’s parties, graduation parties, family reunions, business events etc when you start a business renting inflatables. 
  1. Meeting and creating new relationships. Through your business renting inflatables, you will be having different people coming into and out of your business, you will be building and maintaining good relationships with your customers. 

Disadvantages of Starting a Business Renting Inflatables 

These are some of the problems and challenges that you will face when you start a business renting inflatables. 

  1. Equipment damage. Your equipment may get damaged because they are subject to wear and tear overtime. You may need to repair them or get new ones, which is expensive. 
  1. Seasonal and climate issues. The first thing you need to know about starting a business renting inflatables is that you will not be operating your business all year round. There are times when there will be harsh climates like too cold and you will not get customers to rent your inflatables.
  1. Accidents may happen. You have to get insurance and also have a first aid kit for when your clients use your inflatables and they get into accidents with them.
  1. Physically challenging. It will be difficult to transport large inflatables so you need to have a truck to deliver your inflatables  to your customers. This incurs additional costs which are also expensive.

Mistakes to Avoid When Starting a Business Renting Inflatables

If you are starting a business renting inflatables,  you should know the mistakes that other inflatable rental business owners have made before you so that you can correct them soon.

You do not want to start a business renting inflatables and end up failing at it.

Here are the mistakes you have to avoid when you want to start a business renting inflatables. 

  1. Buying poor quality inflatables. Buying the wrong inflatables will not bring you customers. Get the right size, shape and colour of inflatables that your customers want. You need to offer a wide variety of inflatables that your customers can choose from. 
  1. Starting too large. Do not start too large until you examine all prospects. Understand the risks. If you start too large and you did not do your due diligence, you may end up failing too hard in your business. 
  1. Failure to know competition and pricing. Please do your due diligence and find out what is going on in the industry before you start your business renting inflatables. You will understand the industry better and thrive in the competition.
  1. Failure to build a customer base first. You can build your customer base first by seeking out community events and finding a way to volunteer your inflatables in their activities. You will build your first customer base this way.
  1. Going solo. You need a crew to help you attend to your customers and handle deliveries of the rented out inflatables. Doing things alone may become cumbersome for this type of business.
  1. Lack of marketing and advertising. If you do not market your business, you won’t grow your customer base. The turn out will be so low and you will not make any income like you want to. Remember, no customers means no business.

Unique Inflatable Rental Business Ideas

As you start your business renting inflatables, you have to know what these can make you different from other inflatable rental businesses.

You can start your business and be unique if you want to attract more clients.

Diversity is attractive.

Here are some unique ideas you can get from your business renting inflatables. 

  • Start an inflatables blog
  • Become an inflatable distributor
  • Manufacture inflatables 
  • Start a bounce house business 
  • Start a party decorations business 
  • Start selling your inflatables to make money
  • Sell other inflatables related merchandise 

Resources Related on How to Start Renting Inflatables for Profit

Earn 1M+ Every Christmas With a Bounce House in Kenya

How to Make Money On The Side From Home With a Party Decorations Business in Kenya

FAQs on How to Start Renting Inflatables for Profit

  1. Can you make money renting inflatables?

YES.

2. Is owning a bounce house a profitable business?

Yes, the more bounce houses you invest in, the more money you make.

3. Do you have to have insurance to rent out bounce business?

YES.

4. How do I start an inflatable water part business?

Find a proper location

Conduct research

Have/write a business plan

Prepare the final layout of the inflatable water park

5. Is jumping castles a good business?

YES.

Do you want to start an inflatable renting business and are wondering what inflatable will make you the most money?

Your marketing, different types of inflatables you have, customer service, will make you a successful inflatable renter.

If you are in the inflatable rental business, share your experiences renting inflatables for profits.


stephanie

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