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| Setting Your Inflatable Prices |
In order to set your prices you will need to determine what the average rental rates are in your area. To do so, you
will need to open up your phone book and/or other directory source and make
phone calls to inquire about size of units, type of units (themes), length of
rental and prices. Also ask what other equipment they might
also offer for rent and it’s pricing, such as concession machines and games?
Also, compare apples to apples (your business plan to
their business) Is your competition insured? Require Deposits?
What makes your competition special?Etc.
DO NOT think that you'll just undercut your competition
a few dollars to get business. You'll think it's a great idea,
until someone does it to you! So don't do it, it creates price
deterioration in an area! If you want to have a special
grand opening price that's fine. But let your customers
know what the regular price is and the 'sale' price.
Otherwise, customers will come back "looking for" that great
price and they'll be upset when you don't have it.
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