Sunday, May 15, 2011

Tips For Starting A DVD Rental Business In San Diego

San Diego, California, is considered as one of the major technological centers of the world. It has successfully turned into a leading city in biotechnology, communications and software development.

How to Start a DVD Rental Business:


This is one business that, with relatively low investment of say ,000, can bring in profits of 0,000 to 0,000 if under good management.
Estimate the start-up costs and be certain that the necessary funds are available. It will be better if you give your business a legal identity of its own, as it offers you limited liability protection. Select an appropriate name and register it. Insurance, required licenses and permits have to be researched and procured. Hire an attorney to help you with the process if necessary.

Tips For Starting A DVD Rental Business In San Diego

It is necessary to find out if there is indeed a market plus adequate demand in the area where you choose to operate. Select a storefront in a street corner or in a shopping mall. It could be a 1000- to 1200-square-foot shop in a busy commercial area. It has to be aptly designed to accommodate a customer care area, a DVD display area, and a storage area.

You could also consider taking up dealership of a particular popular brand of DVD player as a side business, offering customers who purchased from you a free membership to your extensive DVD database. However, make it clear that late charges or penalty for returning the DVD later than agreed on has applicable penalties.

You will have to buy at least 450 to 500 DVDs, making sure you buy a minimum of 4 copies of each. You could work out a system to rent all copies for the initial 6 weeks with a condition they are returned the next day itself or perhaps sell 3 copies after 6 weeks and rent the other with a condition that it is returned within 3 days or some other viable structure. Be sure to visit your competitors to find out how to rate the membership fee, any late charges and the rate for the different categories. You could also install a vending machine. You will have to watch reviews and reports on how movies fare in the box office before investing in DVDs. This will help you from being stuck with many movies nobody is interested in renting.

List all equipment, such as a computer, printer, bar code reader, credit terminal, TV and DVD player, furniture, display racks, vending machines and buy them after comparing prices of various vendors.

Hire a helper if necessary to deal with customers, such as reminding them if they are late in returning. Invest in services or products designed to help new ventures succeed.

Advertise and promote your business by designing good strategies. Listing in the Yellow Pages, advertisements in newspapers and distribution of leaflets in your area can help. These are a few basic facts about DVD rental business start-ups.

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Alexander Gordon is a writer for - The Small Business Consulting Community. Sign-up for the free success steps newsletter and get our booklet valued at .95 for free as a special bonus. The newsletter provides daily strategies on starting and significantly growing a business.

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