In this article, we are going to look at a list of things that you can rent out for parties. In addition to that, I have also covered information about running a successful party rental business.
What is a Party Rental Business?
A party rental business is a type of business that provides a venue for celebrations and social gatherings. The company typically rents out space such as a backyard or a large hall for an event. They also provide all of the necessary equipment, decorations, and catering to help their clients have the best party possible.
Here are the list of things you can rent out for parties:
1. Tents for outdoor events
Tents are an effective way of adding texture and color to any event.
They are becoming more popular among recreationists who love spending time outdoors with their families and friends. Tents also make it easy for people to find comfort during the summer months.
In recent years, renting out tents has been increasing in popularity among people who need tents for various outings.
The demand for these rentals is increasing as more and more people are wanting to spend their weekends or vacations outdoors in the company of friends and family.
2. Portable sound systems
A portable sound system is necessary for an event of any size and type, whether it be a wedding, birthday party, or another special occasion.
A professional DJ would typically provide the service of playing music for these events but they are expensive and require high levels of skill.
Renting out a portable sound system is affordable and easy for people looking to host an event with music without having to pay for the services of a professional DJ.
3. Blow up bounce house
A blow-up bounce house is one of the best items to rent out for rental business companies. This type of inflatable comes in all shapes and sizes – from Mickey Mouse bubble ball to the hulk green monster.
This is because these inflatable games are easy to transport and set up, hence portable for any event or party. They are also kid-friendly, so they can be enjoyed by all ages.
The main reason why Blow up bounce houses are a good investment is because they don’t require any maintenance whatsoever. Moreover, you will have a much wider reach when you choose these items as your rental choice.
Blenders come in handy when you want to make smoothies or other delicious treats. Blenders are also useful when you need to make cocktails and other mixed drinks.
People can also use them when they need to prepare food in large quantities. Blenders are very versatile and it’s popular among people looking for ways to engage with their community as well as making a living by renting out appliances.
Renting out Coolers has been on the rise due to the rising popularity of outdoor activities like hiking, camping, and sporting events. It is a great way for companies to make money from their inventory by renting it out.
6. Helium tanks
Helium is a very light and buoyant gas, making it easy to use for helium balloons.
A helium tank weighs around 12 pounds and can last up to 8 hours depending on the usage. A rental company needs a minimum of 10 tanks if they require emergency services or for specific events like birthday parties and graduation ceremonies. Rental companies should also make sure that they have plenty of empty tanks at hand for refills.
There are some risks associated with renting a tank out but overall, this is a great piece of equipment to rent out.
7. Chef’s table
Renting out a chef’s table is a great idea for rental business companies as it serves as both an asset and an advertisement. It boosts the company’s brand with the “wow” factor and attracts potential customers.
Many people have not even heard of renting out a chef’s table before, so they are surprised to learn about these tables at first. Companies can also use this opportunity to initiate conversations with their target market and create opportunities for future collaboration opportunities.
Renting out decorations is a great way to increase profitability for companies renting them out. They usually attract people and often keep them around for a long time. This significantly cuts down the amount of time to clean up and turn over items in a rental business.
Decorations allow you to switch up the decor on an as-needed basis. With decorating accessories, they can change rooms easily and quickly, without much effort or cost involved.
Also, it goes without saying that decorating provides an opportunity for a company to showcase its brand identity, whether it be through a certain theme or color scheme.
However, picking the right decoration will help boost your company’s branding, but picking the wrong one can damage your brand as well as break your budget!
9. DJ stands
DJ stands are popular with wedding venues, bars, and nightclubs because they can easily move them around when needed. They come in manual, semi-automatic, and fully automated models that can be rented out for $50$-2500 for 4 hours.
10. Ice cream trucks
Ice cream trucks are an example of a fun item that people can choose from when they want to host a party or event. They come in different colors and sizes so they can decide which one will fit better for their needs.
They offer high-profit margins and low operational costs.
You can rent out ice cream trucks daily, weekly, or monthly depending on your preferences.
Those are the ten best items that you can rent out for parties.
Tips for running a successful party rental business
Here are 4 tips for running a successful party rental business:
- Get experience – put in as much time as possible until you can make money
- Set realistic expectations – don’t over-promise or under-deliver
- Be consistent – always deliver high quality
- Know your market – understand what type of parties people typically need
- Set up additional services like items that can be sold or delivered
- Provide an easy-to-use online ordering system
- Provide Offers
Factors To Consider When Renting out Your Things
Consider the below factors when you are renting out things for parties.
1. Location, location, location – consider where you’ll be able to rent out your stuff and how people will be able to get to it
2. Selling on your own terms – taking control of the selling process by determining your own selling price and establishing a set timeline for delivery and payment
3. Avoid expenses related to packing and shipping – avoid hefty costs associated with packing up your things
How to Create an Effective Rental Agreement
A good rental agreement is to make sure both parties know what their rights and responsibilities are as well as set out clear terms so that there will not be any confusion in the future.
Here are some points to consider when creating the rental agreement.
- Define your expectations and key terms in a rental contract
- Provide clear guidelines on what is included in the service
- Include rules for how to handle returns, refunds, and reimbursement
- Create a return policy that meets the needs of both parties
- Make sure you have accurate records of your rental hosts
How Do You Get Paid?
Party rental is a type of business that provides its customers with resources for parties or events. In this kind of business, payment methods play an essential role because it helps the company to receive money from customers and manage its expenses.
To keep up with the growing demand and profitability of party rentals businesses, many entrepreneurs have been adopting various payment methods such as credit cards, PayPal, Venmo, direct bank transfer, or wire transfer.
The most popular payment methods are credit cards and PayPal.
So, you can set up a merchant account with credit cards processing services like PayPal, Stripe, or Square because it’s easy to set up and doesn’t require much upfront investment except for an appropriate merchant account.
Why You Should Have a Party Planning Website, and What to Expect from Your Customers?
People are becoming more dependent on the convenience of planning these events online – this includes having the right venue, putting it on your calendar, inviting friends and family, coordinating with caterers, ordering food and drink from nearby restaurants or grocery stores, etc.
So, having a party planning website is vital in this century if you want to stay in the business for the long run.
Here are the advantages of having a party planning website
- Provide great user experience
- You can sell your products online
- Get feedback from your customers
- Expand your business
- Stay organized
The goal of any party planning website is to help people plan their event and be successful in it, so they can keep coming back for more. Consider including the following pieces of information on your site:
- Tips and tricks
- Event listings
- Ability to personalize