One of the first questions that anyone asks themselves when they’re thinking about starting a jump bounce house rental business is exactly how much money they are going to be able to make owning their own business. In a dream world you would be able to make enough money with your own business in order to quit your job within a year. Unfortunately we don’t live in a dream world and bounce house rental business owners often discover that it takes a couple of years in order to fully establish your business enough to be able to be financially dependent on it. But if you’re trying to organize and plan and figure out exactly how much you may be able to make with your business, here is a good overview of the potential earnings you could be looking at.
Making Money
As with owning any business, the harder you work at the business the more money you are likely to make. So if you do your best to promote your business on a regular basis, you are more likely to make a substantial amount of money than someone who simply sits back and hopes that their business does the work for them. If you own a jump bounce house rental business, the price that you should put on your rentals depends upon the area of the country that you live in. Some areas are more expensive to live in while others are less expensive, so make sure you do a little research and looking around to discover how much other rental business owners are charging for their units.
Let’s start with lower end rental rates to give you an idea of how much you can earn if you charge only a small amount of money for your units. If you have one unit and you charge $75 a rental and you manage to rent it twice a week for the whole year, your earning potential, excluding any expenses, is $7800. If you have two units and you rent them at the same price also twice a week you can double your money making $15,600 a year. Sounds like a nice chunk of change, doesn’t it?
It gets better. Once you establish your business and can start charging a higher amount for each rental, you can earn substantially more money. If you own a jump bounce house rental business and you charge hundred and $150 a rental and you rent three units twice a week your earning potential, once again excluding expenses, is $46,800 for the year. In some places this would be enough money to be able to quit your job, while in others it’s a good amount of money for a second job. The matter which way you look at it, if you work hard on your own business you will be able to earn at least enough money to make your life much more comfortable, and potentially enough money to quit your current employment.