We open the rental of children's goods: from purchase to accounting
19.12.2022 19:19
Rental of children's goods is a profitable idea for business, which, if properly organized, can give the entrepreneur a good profit. Renting children's goods will be cheaper than buying them. And given that children grow up quite quickly, it is impractical to buy a lot of things every year, especially if there is no place to store them. How to plan your business so that it quickly pays off all investments and brings a stable income?
What can be the rental of children's goods?
What can be rented in a children's goods rental store?
First of all, large-sized goods for babies are rented: strollers, walkers, rocking beds or cradles, sun loungers, playpens, car seats for transporting a child, high chairs, electronic scales, swings, baby monitors, etc. Also in demand:
- rental of clothes for children from 0 to 10 years,
- rental of carnival costumes and accessories for holidays,
- rental of festive clothes,
- rental of children's toys and goods for creativity.
The idea of rental appeared at the event when one clever child decided to help his parents save money on unnecessary purchases and at the same time earn their own. The scheme of this business is similar to any rental point: the client leaves a deposit and pays for the period for which he rents the goods. After the end of the period of use, he returns the item back.
How to open a children's goods rental?
Before opening a toy, clothing or other goods rental store, it is worth asking about the level of competition in a particular city and district. The next steps will depend on how busy the niche is with similar rental outlets.
Choosing the format of the premises
Rental points usually do not have their own premises for storing things, because it saves significant money on rent. Owners usually deliver the ordered goods from their apartments. The choice of the format of the future point depends on your capabilities and assortment. If you plan to rent large-sized things for babies, then storing them in your own, even a large 3-room apartment, can be at least inconvenient.
When you reach certain volumes, it is better to rent an office or warehouse, which will not hit your wallet and unload your home office, and will help customers to inspect things in a specially adapted place.
Purchase of goods
It is worth understanding the demand of the potential audience at this time in order to offer it the most profitable positions that competitors do not have.
As we have already noted above, the greatest demand is for: strollers, playpens, walkers, radio toys, devices for weighing children, sterilizers, car seats, refrigerator bags for storing baby food and other devices. It also makes sense to rent:
expensive goods - children's electric cars, electric swings, trampolines, play centers, swimming pools, bicycles, etc,
things needed for a short time for children under 3 years old,
unique or rare toys - you can search for them on foreign sites and platforms, where used items in good condition are sold.
Create a website and start advertising
If you do not have enough funds to develop a full-fledged website for the rental of children's goods, stop at creating a page with your services in social networks. Pay enough attention to high-quality photos of the product, because customers are quite picky when choosing things for rent, and every little thing matters.
Advertising determines how quickly your potential customers will know about you. The easiest way is to print leaflets or business cards and scatter them in mailboxes or places where parents with children congregate: in children's institutions, clinics, early childhood development centers. Or just place an advertisement in social networks.
Features of business
The rental business has its own specifics, having dealt with which you will already be halfway to success.
Registration and cost of goods for hire
An important aspect is how to organize the return of the rental goods, and how to prevent non-return. The deposit can be a certain amount of money or a photo of an identity document.
The cost of the goods for hire includes the deposit price. Usually, the client pays the deposit value of the goods, and he is issued a financial document of acceptance of the deposit. He can pay for the service either at the beginning or at the end of the rental period.
It is best to record the fact of the transfer of goods for hire in the accounting program Torgsoft in the "Goods hire" mode. In the client card, write down the client's data: name and surname, phone number, address. The program calculates the cost of the hired goods automatically.
It is also important to draw up a legally correct contract that will regulate the relations between the parties, it should also specify the rental conditions.
For registration of hire services in Torgsoft, you can print the necessary documents: a hire agreement, an act of work performed, an expenditure invoice, financial documents of payment for hire and collateral.
The hired goods are reserved in the accounting program so that they cannot be sold. If the customer returns the goods earlier or later, the rental cost changes. When returning the hired goods, the deposit is returned to the client.
It is worth considering such a feature of the business as the repair of rented items. If during the use of the toy the child broke or damaged it, the parents will be charged the cost of the repair. In the event that the breakdown is significant, and the toy cannot be restored, the client pays the full cost of the goods, minus the amount of rent. This should be specified in the contract in advance.
Children's things that are rented out require careful antiseptic treatment. Be sure to purchase antiseptics and detergents.
You should also consider the possibility of buying back the goods. This will open up excellent prospects for the rental business. Many children find it difficult to part with their favorite toys, so parents make concessions and buy back the goods.
Start-up costs for opening a rental of children's things
The main question that worries beginning entrepreneurs is how to calculate the costs of opening a rental point for children's goods? Prices for services should be formed on the basis of the calculation: purchase price + depreciation period of the goods. The cost depends on how many times the item can be rented. From the practice of owners of similar businesses, any product in the rental pays off in 6-10 months. The amount of investment in the average rental point of goods for children will be 50 - 100 thousand hryvnias.
Accounting for the rental point of children's goods
The first thing you as an owner need to start a business in the rental business is to install an accounting program. The program will warn you of possible problems in the organization of business that may arise at the stage of receipt of goods at the rental point or during its delivery to customers on bail.
The Torgsoft program allows you to fix rental prices, synchronize available items in warehouses and on the website, track the arrival of new goods, register customers, keep records of their orders - all for your convenience and avoid confusion in doing business. In addition, you can make a lease agreement template in the program.
How to set up goods rental accounting in Torgsoft
To implement rental services, you will need:
- Allocate goods for hire - if you plan to sell some goods and rent others. It is more convenient to create a separate accounting center, but it is not necessary.
- Set the rental cost per hour and per day for each product. The calculation of the rental of goods should include the cost of the deposit. It usually corresponds to the retail price, but can be changed.
- Choose the type of rental - hourly or daily rental period.
- Select the desired product from the list of rental products that are available during this period.
Do I need a cash register to rent goods?
The rules for using cash registers both for the sale of goods and for rental are the same. It all depends on the amount of income, the form of payment and the type of goods.
What is needed to automate the rental of goods?
- Accounting program for the rental of goods Torgsoft Ultra or Terminal.
- Additional option "Goods rental".
- Barcode scanner for reading markings.
- Label printer for barcoding goods for hire.
- Checks printer for printing fiscal and non-fiscal checks.
Useful additional options for automating the rental of goods
Repair and warranty service, for accounting for the repair of rental goods
Software ECR for fiscal sales.
CRM-system for accounting of contacts and customer purchases.
Mass mailing to notify about new rental products.
Synchronization with the online store so that your customers always see rental offers in stock and can reserve the goods.
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