Are you looking to start your own rental business but don’t know where to start? Well, lawn game rentals may be the answer. They are the most affordable products to get started...
Are you looking to start your own rental business but don’t know where to start? Well, lawn game rentals may be the answer. They are the most affordable products to get started with in rentals and give you plenty of opportunities to grow and expand. You can start with very little investment and scale to a full-blown party rental business.
If you’re unfamiliar with lawn games, they are outdoor games designed to be played on grass, and there is a large variety to choose from. Examples include Cornhole, Giant Jenga, 4 to Score, Kan Ham, Ladder Ball, Bocce Ball, and Croquet. You may recognize some of those lawn games, and if you’ve played them in the past, you’ll know how much fun they are.
As mentioned previously, lawn game rentals are highly affordable to get started with. They require a much smaller investment than most other rental niches, and it’s much easier to start turning a profit. You can easily find yard games for sale on Amazon and other eCommerce websites and even buy them secondhand from eBay and other marketplaces.
Typically, lawn games take around 4-5 bookings to get a return on investment (ROI) versus other rental niches where it’s not uncommon for items to take 10+ bookings to make an ROI. Combine this with the fact that you can rent them out multiple times a week, and it’s easy to see how quickly you’ll be able to make a profit.
Unlike many other rental businesses, you may not need software to get started. One place you can start marketing your lawn game rentals is Facebook Marketplace, which is free to use. You can then share your listing in local groups and soon see booking requests fall into your inbox with just a small time investment to get the word out.
Once you have been renting out lawn games for a few months, you’re likely to run into challenges. Firstly, you may find that manually responding to requests and chasing payments in Facebook Messenger has become a particularly time-consuming task. At this point, it is more practical to create an online store to accept bookings and take payments.
Secondly, you may find it challenging to keep track of which lawn games are rented out and which ones are available. Therefore, you are likely to need rental software to manage your inventory and keep track of your bookings. This will make it easier to get an overview of your rental business and help you to automate time-consuming tasks.
Booqable provides solutions to both of these challenges in one piece of rental software. You can easily integrate Booqable’s online store into your business’ website and manage your inventory within the same place. In addition, you can show live availability and accept payments through your online store to automate the booking process.
By starting with lawn game rentals, you can set yourself up for success in the future. Once you’re in a position where you’re making a healthy income from renting out lawn games, you can begin to look into expanding into party rentals. Many party rental businesses offer lawn games alongside other items like tables, chairs, and tents.
This progression is natural and gives you further opportunities to grow your rental business. Your existing customers and website visitors are likely to be looking for other outdoor items typically found with party rentals. So, you already have a customer group to target who are already familiar with your rental business.
By establishing your business’ name and creating a brand that people are familiar with and trust, you can easily expand your inventory and start offering just a few items and quickly expand once you see the demand for your products. Plus, party rental is a lucrative niche with numerous routes for growing beyond lawn games.
Get started and see the benefits of rental software.