It has been commented on by many financial experts that the inflatable jumper business is one of the most rapidly growing, and profitable, businesses in the past few years. This, of course, makes people eager to jump on the inflatable jumper bandwagon and to start renting out their own jumpers. Aside from keeping track of expenses for taxes and such, it truly is a very easy business to own. The problem often comes for many when it comes to finding the initial amount of money to purchase inflatable jumpers from a manufacturer. While the price for jumpers isn’t that high, any amount can be too large when you don’t have the cash readily available. Here are a few tips that can help you to get your hands on enough capital to start your in business renting out inflatable jumpers.
Tax Returns
At the beginning of every year people moan and groan because they have to do their taxes. A few months later they cheer when the tax refund comes in the mail. If you’re going to be due a large refund, that may be the perfect time to get your hand on one or two inflatable jumpers. Make sure that you keep your expenses down during the year before you plan on purchasing a bounce house so that you don’t wind up having to use your taxes to pay off previous debts. Then, once your return clears, purchase one or two jumpers to start your business out right. While you’re waiting for the return you can research your area to figure out exactly what type of inflatable will do well and you can get your price list together as well.
Credit Cards
It can be risky to purchase things with a credit card simply because of the high interest rates that are associated with them. But when you’re purchasing something that can bring you a large amount of income it may be a risk that you’re willing to take. If you opt to use a credit card to purchase your inflatable jumper, it’s a good idea to start with just one and to pay off the amount you’ve charged before you purchase another one.
Other Options
There are many ways you can get your hands on capital for your investment if you look around. Some choose to have large yard sales, getting rid of the things that they don’t need in order to earn money for their new business, and others have friends and family members that they can take loans from. If you’re serious about wanting to start an inflatable jumper business, don’t assume that you can’t afford to purchase any jumpers, as there are many options out there that can get you the capital that you need to start your new business.