Showing posts with label rate. Show all posts
Showing posts with label rate. Show all posts

Tuesday, January 6, 2009

Child Transportation

Projected Profit: $800 a month

This is for the stay-at-home moms who have a suburban, van, or other multi-passenger vehicle.

Parents are busy people. They have work and errands to run. Their kids often lose opportunities for extra-curricular activities and programs because of the tight schedule. If these children could find transportation to their sports activities, after school programs, and other extra-curricular activities, it would save the parents a whole lot of time and disappointment. 

That's where you come in. With your multi-passenger vehicle, you could transport the children for a fee (much like a taxi). There would be a fixed rate, and your customers would be consistant. You'd have to build trust with the parents though. Try starting with parents you know, then expand your business to others with advertising and word of mouth.

To get unaquainted parents to trust you, you're going to have to provide amazing references. Provide past customers, and trusted people that know you well. Provide a list of these numbers, with names, e-mail addresses, etc. That way the new customers aren't left with only a few options, and can get a widespread opinion about you and your services.

If you were to charge $10 a kid, 4 days a week, that's $160 a kid per month. Say you have 5 kids, that's $800 extra dollars a month.

Friday, January 2, 2009

Scooter Rental Business

Projected Profit: $900 per scooter

This is an idea for the beginning entrepreneur.

Scooters are a fun way to strike up conversation on a blind date, or if a group of people just want to go have a blast around town. If the scooter is 49cc or under, the driver will not need a motorcycle endorsement (but they will need a driver's license). 

Since scooters are dirt cheap, by renting them out you will pay back your investment and then some within weeks. So it doesn't cost too much, start with only 2 scooters. Rent them out at an hourly rate of $10 an hour, with a minimum of 5 hours per scooter. If the customer would like to take it for 24 hours and return it the next morning, they can pay an additional $10  ($60 in total.) 

If you want, you can offer the driver insurance for an additional rate ($10-$20). For instance, if you had 2 scooters rented out 15 days of the month with the $60 charge, that would bring in $1,800 a month for 2 scooters.

If your business becomes more successful, you can rent out protection gear such as helmets, googles, gloves, jackets, pads, etc. 

For advertisements, put stickers on the scooters. If there is a local university, go the the news board and advertise. You will find that most of your customers will be of college age.

Check into local insurance quotes.
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