It can be difficult to discover precisely what and what not to bill for when starting your own bouncy castle hire company. Finally you need to cover your costs and ensure you happen to be charging enough to make a profit. You must be attractively priced so that you just secure bookings that were enough.
The following are a few significant pricing concerns which might help you to identify your costs and pricing structure.
Naturally your company will eventually have bouncy castles of sizes that are different, because of the cost of bigger inflatables, equipment charging for a larger item is advisable.
Depending upon your delivery capabilities and variety of booking you may want to think about billing for different time periods , for instance you may want to really have a day rate as well as a half day rate. You may even want to think about when the booking wishes to keep the inflatable overnight charging additional.
It is usually around the 10 miles mark although the meaning of the local region is up to you.
You may choose to bill in numerous manners if you are taking bookings; you could take deposits, leave payment until the day or require the money up front. You can even request a deposit throughout the day to secure your investment although the terms of your hire agreement should cover this.
You may also need to supply distinct charges for private parties or for business customers although that is discretionary. Also, you may even need to put in a surcharge for weddings, particularly if this requires particular effort.
In case you end up supervising a lot of celebrations then it cannot be inadvisable to charge an hourly rate for this service.
In case you would like to offer an incentive for charities and businesses you can provide a profit share scheme or donate a specific percentage of your profits to the charity at the conclusion of the day.
Instead you are able to go down the “all inclusive” course and charge one price for every kind of castle and describe exactly what the entire service contains. This is really an effective strategy which has been used by many companies in marketplaces where charges might be confusing.
All these are some of the considerations you have to think about when making a pricing structure. Your pricing structure ensuring that you simply won’t make a loss on the booking, only gains along with yet must be concise and clear.