How To Price Party Rental Items

Рет қаралды 13,625

Күн бұрын

Pricing party rental items requires strategy and is different depending on what size that your party rental business is.
This channel is dedicated to my journey running an event rental, photo booth and bartending business starting from the beginning in my garage (see how far I’ve come along from the beginning so far). Ill show you tips along the way! Watch me grow subscribe and comment often!
Here are my Links:
linktr.ee/TBPRG
Here are some of my popular sets of videos:
1. DIY Wedding Decor
• DIY WEDDING DECOR
2. DIY Photo Booth Builds:
• DIY PHOTOBOOTH BUILDS
3. Once You Make The DIY Photo Booth Learn How To Market Them
Photo Booth Business How To (Weekly Videos):
• How To Start A Photo B...
4. Everything Tents:
• Everything Tents
5. Event Business Startup Ideas:
• Event Business Startup...
Check out 2 guys that inspired me to create this channel they started out as my mentors and now they are my friends: (go give their channels some love and learn from their videos)
1. @TRBVLOGS
/ gorothbal
2. Tent Guy And Other Entrepreneur Stuff:
/ @thetentguy
Check out his course on how to start a party rental business:
www.startapartyrentalcompany....
For Rental Software:
I recommend: Booqable (Rental Company Booking Software): booqable.com/?...
This is what I use to automate my rental bookings track my inventory, take credit card payments and more. I barley have to do customer quotes anymore. Bookings literally come in while I sleep at night!
Here’s my video review of Booqable:
• Booqable Rental Compan...
If You are quoting tent jobs it’s a must that you use Party Cad 3D tent modelling software:
www.point-of-rental.com/produ...
EMAIL ME AT BARTENDINGELITE@gmail.com
Category (for this video): How To
Category NORMALLY: How to & Style/Education
#eventrentals #partyrentalbusiness #tentrentalbusiness #pricingstrategy #businessmotivation #businessinformation #howtostartapartyrentalbisiness #marqueetent

Пікірлер: 35

@tony9305 Жыл бұрын

Whose down with RPP, yeah you know me!

@stephane691 Жыл бұрын

From you advise, I did start putting a 10% inurance. Nobody refused it and like you said, it does cover the extra cleaning and frustration. I'm lucky so far, nor broken item.

@breannamawlawi8212 11 ай бұрын

My favorite channel so far . Everything is explained so well 👏

@Alex420alldayz Жыл бұрын

I’m in chicago and the competition is fierce we only on fb ,I do free delivery any where with in 10 miles and don’t go any further because of the time it take to drive one hour . I love this channel next summer I will be on google and make a website

@raquelevans5973 Жыл бұрын

Why do you offer free delivery & gas $5?

@therentalguy Жыл бұрын

It only takes an hour to get on Google. Don’t wait, you want to start that asap. If the competition is fierce on Facebook make sure and expand your adverting efforts to places where it’s less fierce to increase your chances of getting bookings. Remember that bookings don’t happened on Facebook only there are customers everywhere on all platforms willing to spend money. All it takes is your time to research said platform to be able to make ads, post and offers that will convert into customers. Every minute spent looking at your competitors is a minute wasted that could be spent acquiring new customers! You got this!!!

@setandforgetinvesting6708 11 ай бұрын

Your videos inspired me to finally take the business leap and go for it. Wanted to for many years but was always scared; because of you I finally made the plunge. Sold my car and bought a work van. Once I get my legal stuff in order, I'm buying my inventory and getting the ball rolling! (Already formed my LLC and tax stuff). THANK YOU!

@therentalguy 11 ай бұрын

You can do it!

@setandforgetinvesting6708 11 ай бұрын

@@therentalguy Thank you!

@MohammadNaffaa 9 ай бұрын

@@setandforgetinvesting6708 how's it going for you?

@edsselbusigo5800 4 ай бұрын

Your awesome thank you so much for all the advice. Lots of business people don’t even try to help struggling beginners out cas of business competition but you do and it’s appreciated.

@therentalguy 4 ай бұрын

Thanks for the kind words. We all grow together!

@baronwolfgang9368 Жыл бұрын

This was a super awesome video! There is one question I haven’t heard anyone in this business talk about is what do you do when it comes to inclement weather? How do you handle tent setups when you’re looking at the weather app on your phone? Also cancellations from the client regarding this topic? 💪

@therentalguy Жыл бұрын

I started making a video about this. But basically install earlier instead of leaving the weather up to chance. However when you have tents going out 4-5 days every week you just have to install in most weather anyways. Wait out the rain, park vehicles in front of the tent install area to block wind, stake as you go, use tent jacks. These are some things that I do.

@baronwolfgang9368 Жыл бұрын

@@therentalguy I would love to see a video on this topic. Thank you for responding!

@SHIFTEventRental Жыл бұрын

You really hit the nail on the head with the delivery cost. It's one area that I don't waver in anymore. Don't care what the rental consists of. That travel time is costly especially as a small Business. I have to bill it unapologetically now.

@therentalguy Жыл бұрын

Thanks for the comment. There is a lot of money in customer pickups during the growing stage. So for that reason I will not discount delivery.

@DIYhomeimprovementguy 10 ай бұрын

😂 I'm surprised you didn't bleep out what the kid says in the video clip

@tomnelson3170 Жыл бұрын

Are you willing to share your contracts?

@terrencemckelvy6427 Жыл бұрын

Love the RPP!! My question is about deposits. What percentage of total rental should deposit be?? Is deposit refundable?? I know I'm not making as much money as I can and I believe my deposit structure is wrong. I also use booqable, thanks to you and it works for the most part.

@MohammadNaffaa 9 ай бұрын

If I do the rpp, what will I do if something go bad, won't I lose a lot of money on the product I bought. Won't it be better to say in the aggrement that if there's anything damage they pay for a replacement.

@therentalguy 9 ай бұрын

Nope, RPP is way better because even if they don’t break it your still making money. And when something does happened it’s no sweat! Think about it this way. If you make 30,000.00 in 1 season. You’ll get an extra 3k!

@raquelevans5973 Жыл бұрын

My Delivery Fee is non Refundable period. Do you buy tents used or new? Would be a great video. Thanks

@therentalguy Жыл бұрын

Thanks for the comment. I have a video that goes over used inventory here: kzfaq.info/get/bejne/oLhxdtl3y9epnmw.html

@breesummers1253 10 ай бұрын

How do you respectfully decline clients? Thank you

@MohammadNaffaa 9 ай бұрын

say no or say you could do it for this price

@mysterioushands69 11 ай бұрын

do i buy insurance myself to cover broken things

@therentalguy 11 ай бұрын

You’ll have to charge RPP. You can’t do an insurance claim everytime something breaks. Here is a video that goes over it 👉🏻 kzfaq.info/get/bejne/Y9-Gp8Z6rrWWo6M.html

@Zapperdude13 Жыл бұрын

What is RPP?

@therentalguy Жыл бұрын

RPP is a rental protection plan (insurance for your customer). It automatically gets added to every order to protect the client from having to pay for a damaged item. Just like regular insurance, there are stipulations. No coverage for abuse or theft of items and it only covers the first $100 of damage and then the rest is a is covered for 50%. However the stipulations very from company to company. I charge an additional 10% on my orders. Some in my area charge 15% and cover 100% of damage.

@vinylrenovations446 Жыл бұрын

anyone a webdesign who knows about setting up a rental website in th NYC l

@therentalguy Жыл бұрын

I use Weebly. It’s drag and drop.

@vinylrenovations446 Жыл бұрын

@@therentalguy you create all of it

@merlebickford3519 Жыл бұрын

Can't say I agree with the hidden costs or the price checking. Hidden costs seem like a good way to get a VERY costly bad review on Google. I've found that being upfront about all expenses makes a happy customer and insures repeat business. The only reason to try to be the cheapest is if it's your first year and your trying to get a name for yourself, otherwise it's pretty easy to stay booked regardless of the pricing. Once established, people will book with you because of the quality of your product. If you keep all of your items clean, want to be able to afford GOOD workers, and still put money in your own pocket, you can't be the cheapest. Deceiving people into thinking you are isn't a good strategy. Most people understand you get what you pay for. If a customer is going to pick another company to save a few dollars, then they can enjoy their dirty chairs and moldy tents. They'll make sure to call you next time.

@therentalguy Жыл бұрын

It’s not hiding costs. There are so many levels of service that you can’t list without overwhelming the customer to the point where they leave. The costs are listed at their base and the RPP is a general thing to do here in my corner of the globe. I’m just following suit. But yes your right.