Last year, I came across a company, and its success story inspired me.
It was a massage chair company. I got to know that their share price rose by 70% during three years. Isn’t this amazing?? Hell, yeah!!!
The company’s growth rate also reached 145%. They conducted a deep investigation to identify the core of their success. Guess what? Their excessive business growth was because of their rental massage chairs. In recent years, they added some rental massage chairs to their market. This was to test their impact on the market. And these rental massage chairs resulted in 2x profits.
Thus, massage chair rental is a new business opportunity with much potential. It is a promising new marketing approach. This is a good choice if you have the resources and want to start a business that is not so laborious. If you’re looking to start a new business, it might be the perfect fit for you.
Curious to know how you can kick-start your massage chair rental business today?
What are the current massage chair rental processes?
There are three methods that you can use to start your massage chair rental business. All of them are according to different necessities and availabilities. It is best to pick the method that’s more suitable for you. Make sure to analyze everything before you pick out any of these methods.
The three methods are as under:
- Retail (one-time buyout method)
- Leasing (pay rent)
- Agency (cooperate with manufacturers)
Being a buyer, you will buy the massage chairs from the manufacturer on full payment. Afterward, the manufacturer will provide after-sales services and maintenance of the chairs. It will be his responsibility to ensure that he is fulfilling his promises. For this purpose, he won’t charge any cost from you. It will all be for free.
In this method, you need to pay rent to the manufacturer. You’ll take the massage chairs from the manufacturer on rent for market placement. And, you’ll receive all the revenue generated from these chairs.
This method is easy. All you’ve to do is contact the manufacturer. Set up the terms and conditions of becoming an agent and forming an agency. Once all the requirements are set, you’ll open up a franchise. As a Franchisee, you will pay the decided cost to the franchisor (manufacturer/brand) to use its massage chairs. The biggest difference between this method and the leasing is that you usually have to share the profits with the manufacturer according to an agreed percentage.
With these three methods, you can start your massage chair rental business quickly and easily. It will be more reasonable to you than creating your brand.
As a significant fraction of the local population would prefer taking massage chairs for rent, you might be pretty profitable by investing so little.
Well, there are tons of reasons to explain. But let’s proceed with the mains.
Three main reasons why you should go with the massage chair rental model:
- Massage chair rental has a significant market prospect. It has a lot of potential to grow and help you prosper. This is not something that you’ll need to wait for years to succeed. If you’re already running a successful store, you can add rental massage chairs to it anytime.
If you’re starting, you’ve to wait for a few months to let it grow. But within a short period, this rental business will give you a considerable profit.
- You’ll also get direct customers to your shop. Yes, it’s true. If you’re running a massage chair rental business, you wouldn’t need to do door-to-door promotion. Most customers will reach out to your shop directly.
- If you’ll go with the basic massage chair rental model, then it has much so much to give you. With this model, you can also create awareness among your target customers.
By sharing its benefits, you can also develop a habit of using massage chairs in customers’ daily routines. This will not only attract your customers but will increase your business revenue.
You must pay attention to four things if you want to start your massage chair rental business. They are:
It’s vital to have specific or more than one financial strength.
According to Bizfluent, economically stable businesses have more chances to grow. If you’re financially stable, you can afford all the expenses of your business.
This is an essential point to consider!!!
The second step to proceed with is to find a reliable supplier. Conduct in-depth research to meet a perfect and trustworthy supplier.
According to Queensland Government, it’s necessary to find reliable suppliers because they provide quality-ensured goods.
By choosing a reputable and respectable supplier, you’ll face fewer issues in providing rental chairs.
If you’ve found a good supplier, make sure to convince them of some after-sales services.
After-sales services are essential for building the trust of customers. If you provide them with after-sales service, they’ll come back to you.
Product placement is now the most renowned strategy for increasing your business sales. So, consider finding a cheap yet good product placement for your chairs.
According to AOF, cost-effective product placements will result in increased profits and brand recognition.
If you’re interested in a massage chair rental business, then why not do it today? The great time to start anything is today. All you’ve to do is dig out some facts about it. Conduct deep research and complete your final decisions based on our suggestions.
Choose any one among the three available massage chair rental processes. The one you think is perfect for you, go ahead with it.
A good supplier, cost-effective placement, and being financially independent is all you need to start. Start today, or it may be too late.
If you want to know more about massage chairs, stay connected and read our blog posts.