Many people own a lot of useless junk. These items tend to pile up in homes and garages. This article will teach you how to make money by starting a movie prop rental business. A movie prop rental business idea is great for more reasons than money. You will be able to have more space in your home while you get rid of useless junk.
Gather old possessions
People save so many things because they believe that these items will be used again. The reality is that useless junk collects dust and is forgotten about until someone is cleaning or searching for a valuable item. The first step to implementing this business idea is to gather all of your useless junk in one pile. If you are having trouble identifying what useless junk is, try locating items that you have not used in a long time. These items include old telephones, clothes, uniforms, toys, baby furniture and other useless junk.
Combine all of the small items and put them into a plastic storage bin. You can place larger items together in the corner of a basement or garage. By following this step, you have turned your useless junk into inventory for a movie prop rental business. As you gather your items, it is important to list each piece of useless junk before putting it into the storage bin. This will help you locate specific items in the future. It is best to organize the list alphabetically and by category. If someone wants to rent an old Cabbage Patch doll, you will be able to find out if you have one by checking the list.
Set rental prices
One of the trickiest areas of this movie prop rental business idea is prices. It is important to set prices low enough for movie producers to afford but high enough that you make a quick buck. No one is going to rent a baby stroller for $30 because they can buy one. That is the reason that movie prop rentals are so popular, because movie studios are not going to invest in items that they will only use once. It is best to selecting rental prices based on a specific set of items.
Small items can be rented for as low as $3 a piece while large objects are capable of renting for $7 an up. These prices will not make you rich off of your useless junk overnight. However, you can make a decent amount of cash with multiple customers if you market your business well. If you have simultaneous movie prop requests, a waiting list may have to be formed for in-demand items. This is one of the best circumstances to encounter while operating a movie prop rental business.
Advertise the prop business locally
One of the first steps to making money off of your useless junk is research. It is important to locate all of the avenues that offer a chance to market your movie prop rental business effectively. This means that you are exposing your business to people who will be more inclined to use your services and products. The best advertising avenues are local newspapers and stores that sell movie related items. You may even be able to rent your useless junk to live theater companies as well.
That is another great market to expose your business to. Movie props can be used in theater production as well. This means that there is the potential to make even more money with your useless junk. If you live near a college or university that has film students, make sure to post advertisements in the school newspaper and on campus. Film students may be your best customers.
They make movies on a frequent basis. This means that you can obtain more business regularly as well. Starting a movie prop rental business can be a lot of fun. You may even get your name in the credits on some movie productions. Many people love to see themselves up on the big screen. Starting a movie prop rental business can increase the chances of this happening and bring in more money.
