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What To Keep In Mind While Starting A Video Rental Business?

By
Services for Real Estate Pros with Shiva Eng

Custom Software – Rental Solutions

Starting a Video Rental Business?

Are you on a starting point and want to run a video rental business? If yes, then we, here, are to help you go the right way. You have made up your mind regarding the running the DVD rentals business, the next question is how you are going to achieve this.

You have two options:

  • You can purchase an existing business.
  • You can start a new business right from scratch.

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Allow us to help your business reach new heights!

Whatever you decide to go further with is going to affect the cost you will have to incur. The same will decide the amount of time before you start making some income from your business. There are certain things you should keep in mind. You need to have a clear idea regarding your cash sales. Such type of sales does not only include income at the time of sale but also income attained by check or debit and credit card payments. You need to have an estimate of the next twelve months income together with the VAT. In order to get your calculations right you have to have a good estimation of the number of people who will rent DVDs from you and the prices you will be giving them on. Also include the income from selling DVDs, CDs, games, consoles and so on. This is where video rental software can be extremely helpful.

There are many considerations when making these estimates mostly depending on the kind of business you are planning to start. Kind of business:

  • Its locality,
  • Who will be your customers?
  • Will there be an online reservation facility or rentals?
  • What time will the shop remain open?

What kind of products will you keep? What kind of prices will be charged? Will there be special rental offers for regular customers? What will be your unique selling point, USP?  All such questions are worth being prepared for before plunging into the business. We can also help you out with DVD rental software or movie rental software, if you are looking at such potential businesses too.

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Author

rental software

Resources

http://en.wikipedia.org/wiki/User:Petricmassa

John Pusa
Glendale, CA

David - Thank you for sharing an informative and helpful blog.

John

Apr 18, 2010 05:31 PM
Bryan Watkins
LRA Real Estate Group - Mesa, AZ

David, i don't think i have the perserverence for a rental business. real estate is tough enough.

Apr 18, 2010 05:34 PM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Property management has been very, very good to me - for 45 years!!!

Apr 18, 2010 10:00 PM