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🎧 Get ready for another enlightening episode of "The Rental Boyz" podcast! In this episode, titled "[This 1100x Our Rental Business! | How To Grow Your Party Rental Business with New Inventory]" Xavier Kelly and Eduardo Sauceda return to share invaluable insights on expanding your rental categories. Learn How To Grow Your Party Rental Business with New Inventory Categories.
Discussing the process of selecting the appropriate new equipment types to add and evaluating factors such as market demand, profitability, and compatibility with your existing business.
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👇🧐 About The Host 🧐👇:
The hosts have 5 years of experience running an event rental company. Their company, Kelly Rentals, makes more than $2.25 million a year as of 2023. Located in DFW, Texas, they’ve helped more than 20 other event rental companies across the country.
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Contents of the Video
00:00 - Why you should watch to the end
01:55 - Identifying Market Opportunities and Customer Demand
03:10 - Methods for understanding Customer Demand and Analyzing Market Trends
06:05 - Why Evaluating Feasibility and Return on Investment is Important?
09:25 - Calculating the Return on Investment (ROI) for each Equipment Addition
11:15 - How to conduct a GAP Analysis?
13:40 - Insights on Acquiring the New Equipment
14:30 - Insure Your Business With Next Insurance
17:05 - Importance of providing adequate Training for your Staff
20:00 - Marketing & Promotions
21:10 - Tracking Performance of the Rental Equipment
23:05 - The Rental Rundown: Tackling Your FAQs