Speaking of you outdoorsy types, where there's a body of water, there's a (rental) way. Near an ocean: Surfboards/boogie boards/hand planes/wetsuits/snorkel gear.Near mountain range/rocky area: Climbing gear.Near a snow resort: Ski/snowboard/snowshoeing/tubing gear.If you're an outdoorsy type, this is a rewarding way to stay immersed in what you love, share your passion with other people, and bring in some extra income. Wherever you are, there’s probably an activity that suits your surroundings. Wide open spaces.wide open possibilities! In this particular category, the best place to start is by considering the natural conditions of where you’re based. Outdoor Activity/Sporting/Fitness Equipment If you're already researching the idea of establishing a party supply rental business, character rentals can be a lucrative add-on to expand into down the road. After all, who can put a price on fulfilling the birthday dreams of little kids? (You can). “You don’t have to be great to start, but you have to start to be great.”- Zig ZiglarSpeaking of parties: Chuckle all you want at the idea of employing Spiderman or Snow White or SpongeBob Squarepants, but managing a party character rental company can mean serious business. Concessions machines (popcorn, cotton candy, snow cone, chocolate fountain, slushies/margaritas.Whether you want to specialize in one specific thing that generates income on its own (audio equipment, for example) or accumulate an inventory of supplies, this particular rental market has lots of flexibility-and opportunity. Think about it: Most folks don't have chocolate fountains and bouncy castles and bubble machines stowed away in their hallway closet (wait, you do? Can we come over?).When it's time to throw a shindig, people turn to vendors. The possibilities in this category are as colorful as a fistful of confetti. When you base your business around a commodity that's always going to be in demand (beer!) you're thinking like an entrepreneur. The tap party trailers cater to larger groups like weddings, golf tournaments and festivals, while the two- and one-tap systems are perfect for small-group tailgating, picnics, barbecues, etc. Some people like to party at the bar-but you could bring the bar to your party. But this proven business model can be sustainable, profitable (and fun!) if you invest the time and effort in doing it right. Tip: There are a number of factors that need to be considered for this market, such as staffing your drivers, insurance, legal compliances and drawing up a detailed business plan that identifies your target customer base (for example-wine tasters, sightseers, wedding parties, etc). You can always start small with one vehicle, and build your fleet from there. For example, we've seen entrepreneurs purchase old school buses and convert them into the ultimate party mobiles-especially perfect for transporting wedding guests in between venues.If you're going for sleek and sophisticated, consider a personalized chauffeured luxury car service. Not only is there a year-round market for this type of service, it's a fun opportunity to add your own sense of style and whimsy to a proven business model. Luxury buses make the mode of transportation a destination all on its own. ”- Mark TwainThis has same appeal as party boats, but for landlubbers. “The secret of getting ahead is getting started. But whoever said that didn't dip their toe into the boat rental market! With a houseboat or party boat, think about all the types of customers you can cater to: Family reunions, bachelor/bachelorette parties, corporate outings, etc. Sure, we've heard the saying: The two best days of owning a boat are the day you buy it, and the day you sell it. From people who turned their passion into a career, from folks looking to supplement a full-time gig, the possibilities are far-reaching and fun to explore.If you're entertaining the idea of starting rental venture, but overwhelmed by the options and need a little inspiration to get the entrepreneurial juices flowing, we put together a variety of ideas based on what we've come across in this industry-from outdoorsy, to ultra niche, to hobby-based. When you specialize in online booking software for rental companies, you come across a smorgasbord of interesting and innovative business models.
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