Do you have a great business idea for party equipment rental and don’t really know what that entails? A really popular idea floating around right now is slushy machine hire. Hot summer days mix very well with cold icy drinks. What would a party be without them?
Study your market simply by talking to some of the other companies and potential customers in the area. If you already have a pretty good read on the area and the people surrounding then you already have a leg up on your competition.
One way to begin to understand your market is to survey people. Here are some really good questions to ask.
● What kind of equipment are you looking for? Basic or high-end? Which brands or specific items are the most and the least popular?
● How much are you willing to pay? Instead of guessing what you should charge for slushy machine hire, check around and get an estimate of what customer are able and willing to pay,
● Do you need more than rentals? Are there any other services that you can offer to become a one-stop shop for your customers?
Professional research can wind up costing you a ton but there is a lot that you can do on your own. So save your money for the really important stuff.
Avoid any idle inventory at all costs because it will only take up space and money that you can use to grow your slushy machine hire company. By knowing your customers and what they are looking for you can make smarter decisions on what equipment that you buy. Also, don’t overspend when you are just starting out. You don’t need all the bells and whistles at the beginning you just need the bare minimum. Always make sure you are getting the best deals too.
Get all of your paperwork in order from business start up to good liability insurance. As a slushy machine hire business your customers are your biggest risk. Even with no-liability waivers your company is one big hospital bill away from going under.
I hope that these points get slush machine hire Sydney started off on the right foot. It is not for the faint of heart to start and thrive in your own business. There is a lot of planning and research involved so be diligent. If you get it all put together the right way you will be on your way to a small fortune.