13 Tips to Start Tureen Rentals Business in Nigeria

Tureen Rentals Business:Do you know there are massive wealth in rental business?

This post will  guide you on how to start tureen rentals business in Nigeria.

Maybe you are thinking of starting a business venture.

The truth is that you can start any rental services without huge capital and its not limited to chairs, tables and canopy.

There are over 100s of items you can start renting along side your rental business and begin to make cool money.

Read also: 17 Tips to Start Yam Wholesales Business in Nigeria

Start tureen rentals business now

Often shaped as a broad, deep, oval vessel with fixed handles.
And a low domed cover with a knob or handle.
Over the centuries, tureens have appeared in many different forms, some round, rectangular, or made into fanciful shapes such as animals or wildfowl.
Tureens may be ceramic—either the glazed earthenware called faience or porcelain.
Or silver, and customarily they stand on an undertray or platter made en suite.
The best thing about the tureen rentals business is that it is a part-time kind of job.
While still in a full-time employment and you can also get your family involved too.
Besides the tureen rentals business, you can also offer other services like supplying of ice and drinks.
Tureen Rentals Business

Tureen Rentals Business http://eonghuat.com

1. Get the  tureen rentals business needs

  • The business presents you with the opportunity of being your own boss.
  • There isn’t much stress involved.
  •  Tureen rentals business business is a source of income.
  • It is a business that can get one connected.
  • You can run the business part time.
  • It is a Source of Passive Income: This form of business is a good source of passive income. Besides the first capital invested for setting up the business, you will not have to invest any other funds except for regular maintenance.
  • It is Very Easy to Start: You don’t need to go through any special training; you just need to have a basic management and accounting skill to start up this business.
  • It is Very Easy to Maintain: After the initial setup, this business does not require much in terms of maintenance. You only need to focus on marketing your business.

Read also:20 Tips to Start Rice Wholesales Market in Nigeria

2. Learn to make it more Profitability

Running tureen rentals business is highly profitable.

With some good years of experience in the market.

You can easily make thousands a month.

In fact, big rental companies could make millions every month.

It all depends on how much hard work and serious effort you put into it.

Most businesses have actually doubled their monthly income within the first five years of their establishment.

The scope for growth is virtually unlimited – you can get it as big as you want it to be.

3. Tureen rentals business expansion

Once you are an established name in the tureen rentals business eg B Hab Rentals.

You can further expand your business by offering other tureen rentals business such as special photography, organizing a wedding event, or planning a church social.

Since you are already a reputable tureen rentals business.

You will not have much difficulty finding clients.

To ask you to manage their event for them.

This will give you the option to become an event planner later during your business career.

See also: 20 Tips to Starting Coach Consultancy Business in Nigeria

Tureen Rentals Business

4.Make it Home-Based Business

The great thing about the tureen rentals business is that you can run it as a home-based business.

In fact, most people start this business from home.

However, there are a few things you need to keep in mind.

For example, you are recommended to have a second phone line.

As this will make things much easier for you to work with.

Do not let your kids attend these calls.

You can definitely get help from other family members.

Who are mature enough to deal with clients, however.

If you plan everything well, doing things like this will keep your overheads low and your profits high.

If you already have a decent job, you are recommended to start your tureen rentals business as a part-time business.

It is only after you are established and have started making a good profit.

That you should consider taking it up as a full time job.

Once you know how to start tureen rentals business, though, it won’t be long before the dream of quitting your current job can become a reality.

However to succeed in the business there are major steps you will need to follow and these include the following:

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5. Carry out  market research

Investigate whether tureen rentals business is suitable for the area.

In which you live and intend to operate your business.

Things to consider when doing your research include demographics, other party rental businesses in the area.

The specific location in which you intend to open your business and any licensing requirements.

Read also:17 Tips to Start Yam Wholesales Business in Nigeria

6. Get a tureen rentals business plan

The business plan helps you to properly shape your business.

If you cannot prepare a business plan.

Get an expert in that field to prepare it for you.

As it will guide you on all areas of your business.

It will also help you if you want to secure a loan as the bank or lender will need it to evaluate your business.

Read also:17 Guides To Writing A Proper Market Analysis in Nigeria

7.Prepare a tureen rentals business Start-Up budget

The start-up budget to establish tureen rentals business.

Will depend upon the type of rental services you are offering.

Raise the necessary capital and purchase or lease your equipment.

Base your purchase decisions on your market analysis.

And how much demand you think there will be for your services.

Many people start tureen rentals business out of the home.

And may simply rent equipment.

However, having an established location out of the house.

Can also be beneficial because it provides a location for families to have a birthday celebration.

Hence, you can partner with an established event centre.

Turn to:19 Guides For Running Wine Shop/Business in Nigeria

8.Make your tureen rentals business purchase

Select tureens to fit the target market you want to reach.

Decide whether you want to purchase round, square or rectangular tureens.

Start with at least two set of tureens.

9. Tureen rentals business Pricing

Decide how much you plan to charge fora tureen.

And whether or not you’ll set minimum and maximum quantities for rentals.

Take into account every of your cost when figuring out the rates you will charge.

Overhead includes utilities, labour costs, rents, supplies, vehicles, fuel and insurance.

Assess rental fees by the number of tureens rented.

And the number of hours an individual or group reserves them.

It is also important for you to compare notes with other competitors around you.

Related:28 Implementation For Starting A Small Scale Business in Nigeria

10.Tureen rentals business location

You can purchase or lease garage space or a store-front to hold the items you purchase.

Set up your location so that potential customers can visit your space and take a look at the types of tureens they can rent from you.

11.Business distribution

You have to determine how to move the goods and services from one place to another.

Plane to purchase a truck at lease fairly used to start with in case demand comes from a long distance.

See also: 19 Tips To Start Cooking & Baking Ingredients Business in Nigeria

12. Business marketing

Network with other business professionals in the community.

And also take out advertisements in the newspaper or other publications.

That may be read by clients Distribute your business cards to other business owners, friends and other acquaintances.

Also market your business in areas where children are likely to be found.

Create signs to put up in parks and fliers to distribute.

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13. Tureen rentals business Advertisement

Advertising provides basic information of your business.

It increases sales as potential customers get to know your product and services.

Advertising both offline and online bring the needed traffic to your business.

It helps to inform customers of your offer.

It changes people’s perception of your business.

And makes you stand out from your competitor.

Though expensive. there are others ways of advertising.

Like; distributing of hand-bill, placing of banner in a strategic area for people to see, radio announcement. etc

Read also:33 Top Domestic House Care Tips in Nigeria

conclusion:

It may interest you to know that despite the hard times, the economic situation of a country, people still find ways to host occasions.

Parties are being organized almost every weekends.

Be it birthday party, graduation, award ceremony, engagement to wedding ceremonies, meetings, conferences, family reunions among others.

Going into a rental business may not be a bad idea as people organize ceremonies every now and then.

The gathering of people for different reasons or purpose is known as a “Party” or “Socializing”.

It may be called something else in other part of the world.

So as a young entrepreneur looking for a small scale business to invest in.

Rental business is that profitable enterprise to consider.


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