5 Business Ideas » Small Business Bonfire

In large cities, which are an integral part of the tourism sector, rental companies have established themselves as an important service. You can rent cars, clothes, travel equipment and much more from such companies. Most importantly, all the services of these companies find their customers. The demand for this type of product is due to several reasons, which we will discuss below. 

Car rental service 

The demand for this kind of service is due to the revival of the tourism industry after the pandemic. Many visitors to the country are interested in cheap and convenient ways to travel. It is therefore very common for tourists to look to rental companies to rent a car for their needs. At the moment, there are examples of good rental companies on the market. Therefore, you can research the best company in Dubai while developing your business strategy. Where customers are offered to hire SUV cars or rent VIP cars in Dubai. The excellent offering within the tourism sector is complemented by quality staff and an evolving service offering. 

Bicycle rental service

The promotion of healthy lifestyles and the appearance of bicycle lanes on city streets have increased the demand for bicycle rentals. People are riding bicycles more often and buying them more often. And those who can’t afford to buy a bike or simply have no place to store them are turning to bike rentals. Bicycles can be hired from May to October, during the warmer months. But in winter, you can also switch to sled rental, ice-ski rental, etc., so as not to lose your market and customer base. A related and trendier niche is opening a bike-share service. Such a business would not only require the purchase of several hundred bicycles, but also the cost of creating a mobile app and securing the bike stations. Moreover, such an idea would work well in a tourist or ecotourism boom, which is gaining popularity every year. 

Sports and active tourism equipment hire

Active recreation, healthy living, and camping are the trends of 2022. This is leading to a growing demand for sports and tourism equipment. Tents, boats, skis, skates, rollerblades, skateboards, etc. – Few people own all the necessary items. Sports equipment rentals are for such people. Such a business can target not only the population of the country but also tourists as a target audience. Moreover, with the product investment, you can create year-round service for the rental of tourist gear.

Rental of props and equipment for filming

At many events, you need to decorate the space and use props. For example, weddings, presentations, photoshoots, etc. A variety of items can be used to add ambiance and atmosphere and are available for hire. In addition, props are a great complement to filming equipment. Since not many photographers or videographers can afford to buy expensive equipment, they turn to rental companies.

Clothing rental service 

Many holidays require carnival costumes. The merchandise is relevant for both children and adults. Buying a suitable outfit for a one-off event is not advisable. Firstly, it is expensive. Secondly, the costume is unlikely to come in handy again. Therefore, many people turn to carnival costume rentals. 

This type of company has a wide scope for development. As it is possible to develop a great offer within the direction of weddings. Which can be complemented by jewelry hire.

Before organizing a rental business, it is recommended to contact lawyers and draw up a competent contract that you will sign with clients in case of damage to property or theft. This will secure your investment. Also, donэt forget to take out insurance on all property. Such legal support measures, although they require a small investment, but in the future you can receive compensation in the form of payments from the insurance company or client.

There are many nuances and subtleties in this case, but they usually depend on the direction of work.

But where to look for clients?

In this business, it is very important to establish sales channels, since profitability depends on a stable flow of customers. Ideally, a thing should constantly work and generate income.

  • place rental ads on various buying/selling resources. Post a photo of things with a detailed description and rental price;
  • tell about your services on social media. For example, if you opened a dress rental, then it would be appropriate to maintain an account on Instagram;
  • place ads at stops, in elevators, near the house;
  • in a large city and with a good assortment, you can create a website, download a catalog with prices, terms of the contract and reviews.

All in all, there is always a target audience that needs a certain thing, but cannot afford to buy it or considers such costs unnecessary. This explains the constant flow of customers.

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