The BIHA Profit Tip of the Week is for BIHA Members only. It will be delivered to you via email from our “sister website” at www.bouncycastleowner.com Please keep an eye out for it every week in your inbox.
Here’s a SAMPLE……
Hi to all BIHA members,
The BIHA Profit tip this week is a result of a recent phone conversation that I had with a BIHA member.
We were discussing how he could grow his business and move into the lucrative corporate hire events market – but he didn’t have any investment funds available and also he didn’t want to take out a loan to buy the hire equipment.
We decided that the best course of action for him was to “sub-contract” to a much bigger hire company in his local area.
That way, he could legitimately advertise rodeo bulls, mega-slides and wipe-outs etc. on his website, (even though he didn’t own them) and then take a commission when he got a booking for them.
Back in 2000, when I used to hire out marquees (as well as inflatables), sometimes I would get a booking for a very large wedding-style marquee for 200+ people (which I didn’t own). Rather than turn the booking away, saying that I couldn’t help, I would check availability, and then book the customer in or refer them to a company that could supply very large marquees. E.g. On just one job, I picked up a very nice commission cheque for £250.
So, if you are currently a small inflatable hire company and you want to quickly increase your profits and / or “test the water” before expanding into the lucrative corporate and event side of things – then consider “sub-contracting” to a much larger hire company in your local area.
It’s a win-win situation. They get bookings for their hire equipment (which they might not otherwise have got) and you get a commission payment for very little work.
This Profit Tip will be posted on the BIHA “Members-Only” Facebook Group, if you wanted to comment on it, or ask any questions.
The link is:
https://www.facebook.com/groups/359906244348902/
or the shorter version…..
http://bit.ly/2ymsjzG
Until next week…….
Of course this is only a little taster of everything that’s been going on… So you’re encouraged to join the BIHA and transform your inflatable hire business…
