How to arrange a rental point
A rental tool for construction work is a good business idea for a novice entrepreneur who knows a lot about traditional men's crafts. This type of business has not yet received wide circulation, therefore, competition can be met with minimal benefits, but it promises some benefits, most importantly - it allows you to expand the scope of activity over time, having mastered related areas.
You will need
- - a room with an area of about 40-50 square meters;
- - racks for storing tools, landline telephone and computer;
- - The first batch of a variety of instruments that you will issue;
- - a partner with experience in repairing a wide variety of electrical equipment;
- - Advertising in print media and city directories of goods and services.
Instruction manual
1
Rent a room with an area of 40-50 square meters, with access to the street and the ability to organize a small warehouse in it. Naturally, there is no need for the tool rental point to be located on the main street, its place is in the residential neighborhood, whose residents are not interested in buying, but in the temporary use of tools, the need for which will disappear after performing specific work. Your main means of attracting customers - print ads and the so-called word of mouth in a masculine way - will lead interested people directly to your point.
2
Equip the premises of the point, highlighting in it a zone for storing the tool and a counter for communication with customers and processing transactions. One or two people will work at the point, the first of which will give out the tool, and the second will be engaged in its current repair and accounting. Both employees can perform the same functions, periodically replacing each other.
3
Form the assortment of the tool that you will be renting, try to include as many units as possible before starting work, remember the different types of equipment that are in demand at a construction site or in a suburban area. Most of your assortment is a power tool for repairs and small construction works (drills, punchers, grinders, electric saws), and more bulky machines (concrete mixers, lawn mowers, welding machines) are also in demand. At the first purchase, you need to purchase several units of as many tools as possible, and subsequently purchase only those types of equipment for which there is a high demand.
4
Consider an advertising company for a future rental point and draw up an advertising budget for the first months of its operation. The most successful advertising channels in the case of the construction tool are print media, free classified newspapers and city guides. It’s worth trying to advertise also via the Internet, although its effectiveness in this case may be different. It is worth remembering that for the rental point advertising and awareness of the surrounding residents is almost the only guarantee of income and payback, in any case, until you acquire a good contingent of regular customers.
Useful advice
Entrepreneurs who have tried themselves as owners of tool rental outlets are advised to establish business relations with a company providing legal services from the very beginning, since very soon you will have to settle cases involving the non-return of rented equipment in court.
As your venture develops, you should also master those types of activities that are conveniently and profitably combined with tool rental, in particular, trade in consumables for the same equipment that you issue at your point.
