Be the first to have a Costume rentals business in your town. Act now and make plenty of money out of it. Appealing and captivating clothes and masks are highly demanded during different celebrations such as Halloween and Christmas. It is a realistic and easy business idea that will make your dreams come true.
01 Startup Financing
Business Titans will help you to choose the best-matching financing method to your situation and to prepare you to get a good deal with the right partner. Speak to us about your idea and situation and get a free proposal how Business Titans could help you. Below is a preview of few possible financial solutions for your business project.
1. Bootstrapping: The right and wrong ways to set up your Startup with your own money.
2. Equity Partner: Money from equity partners can be good or bad for your project
3. Bank Loan: Be prepared for the tough due diligence checks of the banks. Get help for Due Diligence and KYC.
4. Friends and Family Loan: A sensitive topic with many attention points.
02 Business Planning
Business Planning is a continuous process of assumptions, risk assessments and revisions. It is not about the Business Plan but about the thinking process while you are setting up a new venture. Any serious business partner will challenge your assumptions and assessments. With Business Titans you get a diversified and professional sparring partner to brainstorm and starburst your business model until it is waterproof.
We help you to get the documentation you need in the right step with the right quality and format. Equiped with Business Titans certified documents, you will stand off in any forum.
03 Weekly Coaching
When the financing step is done and your business documentation is complete, it's time for action. A Senior Consultant will be accompanying you in a weekly personal coaching session through the milestones of your business. Your Consultant will check for examples and inspirations that match your unique situation. You will be supported with a personalized feedback to every aspect of your company: Legal setup, marketing plan, budget management, business development steps, sales pipelines, recruitment needs, product development, etc.
Business Titans will push you to achieve your milestones, stay in-line with your Business Plan and make you aware when and why a revision is required.
Check Out our New Starter Kit!
Strategy Roadmap - Your compass during the startup phase (6 pages pdf)
- Tools of Business - A collection of 80+ tools for any entrepreneurial situation based on 6 years of trial-error experience and lessons learned (14 pages pdf)
- Smart CEO Guide - Ways to raise efficiency and stay focused on the Strategy Roadmap (15 pages pdf)
- Social Media Marketing - A checklist with industry-standard best practices on social media (3 pages pdf)
- Customer Journey Stations - A one-pager exercise guiding you through the critical moments of dealing with customers (1 page pdf)
THE BUSINESS IDEA
If you are zealous and imaginative about the entertainment industry then the Costume rental business idea is perfect for you. This business usually provides different costumes, masks and other equipment for different events, fiestas, holidays and theater performances. A smart marketing plan will help you to reduce loss and increase profit margin.
Proper marketing strategies are essential if you want a successful costume rental business. You can distribute your products to schools, colleges, theaters, organizations, charity groups, carnevals, faschings and fasnacht celebrations (Germany/Switzerland), to different diaspora events and within your own community.
There is always an occasion to celebrate :)
Most customers will shop once a year more specifically on Halloween. However, colleges, universities, churches and music bands require costume throughout the year. A positive reputation with these target groups will help your costume rental business grow faster.
- Physical Store: You can establish physical stores in different malls and shopping centers.
- Online Sales: You can rent and sell costumes online. Suitable as home business or part-time idea during COVID-19 pandemic.
- Stands: You can organize stands at popular spots especially during Halloween season and Christmas.
- Mobile Shops: You can organize mobile shops in universities and colleges right before Halloween and Christmas.
The startup cost for costume rental business idea will be low to medium i.e. $30,000-100,000. You can decrease your startup costs if you choose to initially operate your business from home.
THE KEY BENEFITS OF THIS PROJECT
- Costume rental business idea offers fun and flexibility.
- It can be operated part-time. Moreover, you can use social media to expand and promote your business.
- Products are of low cost and non-perishable. Revenue is mostly generated by rental items.
- Very big market potential with smart marketing strategy.
- Low startup investment with high-profit potential.