A crucial first step is creating a strong online presence – it should be easy to navigate, with detailed information, pricing, and clear images of the rental items. Online marketing can extend to utilizing SEO strategies to improve visibility on search engines and employing social media platforms to engage with potential customers and showcase your products in use.
In addition to forming personal relationships, create a professional website built with the most popular search terms in mind. Once you know what the big draws are in your area (e.g., sporting equipment, luxury toys, etc.), then you can feature those items prominently on your website to hook more people to your services. We have put together this simple guide to starting your party rental business.
You’ll likely only need a team if you’re planning on being open 7 days a week in a big rental space. Generally, you can consider doing limited hours or appointment-only rentals to start, so you can save yourself the cost of employees salaries.
Find a business mentor
As the largest online marketplace for hourly venue rentals, Peerspace has fast become the internet’s number one resource for procuring event spaces. We have thousands of spaces in cities and towns across North America and beyond, with more spaces added daily. Peerspace is similar to Airbnb in terms of convenience but can be vastly different in terms of experience and cost. On the other side of the coin, many Peerspace hosts list their homes on the website and make money by allowing people to host parties there.
What are some insider tips for jump starting a party rental business?
You may want to consider getting professional legal and accounting advice to ensure you’re meeting all the necessary requirements and making the best decisions for your specific situation. Depending on your location, there will likely be a variety of general licenses or permits needed before opening. This could include a business license, seller’s permit, and Employer Identification Number . Our work is reader-supported, meaning that we may earn a commission from the products and services mentioned. Teach them how to spot upselling opportunities and tie them back to solving the customer’s problems. You can even arm them with tools that help them convince customers of your upsell offer. Lastly, offer incentives to your employees to keep them excited and motivated about upselling.
From portable toilets to caterers/bartenders, there’s a lot of needs to be met for the many party throwers of the world. Party rentals make money by purchasing equipment at wholesale prices and then renting that equipment out for a set fee. Renters will normally pay a deposit or leave their credit card information to cover any accidental or intentional damage the equipment may suffer while the renter has it in their possession. That’s good to know that renting a party tent will cost about $350 or so. My fiancee and I are considering getting an outdoor wedding, and we want to get a tent so we could have some shade if we did.
Read more about Chiavari Chair Rentals Las Vegas here.
They offer tons of space and often have an industrial-chic style about them. This large warehouse in Los Angeles has plenty of natural light, and it’s incredibly versatile for any party of up to 300 people. Do you love the idea of a mid-century-styled home with a chic, outdoor patio in the yard? Well then, this 4,000-square-foot Seattle home nestled in Rainier Valley may be your dream party venue. The booking includes the backyard and the lower level of the home, which boasts an open floor plan and high-end mid-century modern decor. The large wood deck in the backyard is ideal for barbecuing, sipping cocktails while the sun sets, and catching up with friends in the fresh air. Another bonus of using Peerspace for events is that the site shows high-quality pictures of what you’re renting.
It costs between $.75 and $1.50 per square foot to rent a party tent. For a 10×10 tent, you might pay as little as $150, but for a 5,000 to 10,000 square foot tent, you might pay as much as $2,500. On average, tent lighting costs about $1 per foot, and heaters can run anywhere from $100-$300 each. It’s essential to remember that marketing isn’t a one-size-fits-all process.