Browsing Tag Renting 101

14 Post Found in Renting 101 Tag

Rental Customer Discounts: Who Gets Them and When?

Rental Customer Discounts: Who Gets Them and When?

Your event rental business must focus on margins to stay on top, pay your staff and bills, expand, and much more. However, learn to apply some flexibility to the right clients. Do not discount your products or services too much where value becomes diluted: growth stagnates and your event rental business suffers. Be strategic when

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Event Rental Pricing Guidelines

Event Rental Pricing Guidelines

Photo by Photos From the Harty

Pricing is one of the toughest components for any entrepreneur in the party rental business. Are we charging enough for each rental item? How do you charge for delivery, set-up, removal, late fees and, most importantly, our time? Many of us are not making enough return because our calculations

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Managing Your Rental Business PLUS Another Business

Managing Your Rental Business PLUS Another Business

Many rental company owners are managing two businesses at once. For some folks it's because they have a more "full-time" business they were doing before entering the rental industry. For others it's that they began with one company and that company gradually evolved into two distinct offerings. For example, in the event industry, it’s

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Party Rental Businesses' Best Practices for Contracts & Proposals

Party Rental Businesses' Best Practices for Contracts & Proposals

A lot of event rental business owners pride themselves on their sales or negotiation tactics. However, tons of business owners put themselves in real danger when, after selling someone, they don't get the proper paperwork in place! There's a difference between a "quote" or "proposal" and an actual contract. It is absolutely essential to secure

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How to Deal with Rental Inventory Damages

How to Deal with Rental Inventory Damages

Everyone romanticizes about the fun aspects of running an event rental business, but have you thought about one of the hardest parts: dealing with damaged inventory? These suggestions help lessen the sting when your business experiences this setback.

Hope for the Best and Prepare for the Worst

Damage is inevitable in event rental companies, even

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