Babies quip need a lot of stuff, and some of it can be pricey. If your kids are getting older and you have things like strollers, high chairs, or car seats lying around, you might want to rent them out to other people.
Renting out baby gear can be a great way to make extra money, but it can also be a good way to make a living if you set yourself up for success. Even if you don’t already have reborn baby name gear, it’s not hard to start from scratch if you like the idea of a home-based business like this. Here’s what you should know before you start.
How a business that rents baby gear works
This idea for a business you can run from home is as simple as it sounds: you lend baby items to people who need them. Parents who are travelling, babysitters in the area, and even small businesses may want to rent supplies anywhere from a day to several days or weeks.
You’ll charge a fee to rent your things out and list them online so people can see what you have. There is a little more work to do, and you may need to deliver and pick up equipment for renters. But this business is very flexible, so you can set your own hours and spend more time with your family if you want to.
How much money can you make if you rent out baby gear?
How much you make depends a lot on how much you charge to rent the equipment, what kinds of things you have, and how many rentals you do each day or week. Most rental prices are set per day. You might charge $5 to $10 per day for a car seat or stroller and $20 to $40 per day for a high chair, crib, or pack-and-play.
If you have a big enough stock, you could easily make a few hundred dollars a month. You can also add more of the most popular items to your collection over time to grow your business and make more money. For example, if you rent out a lot of strollers or high chairs, you might want to get three to five instead of just one so you can rent them to more than one person at once.
How to Start: 7 Steps
Want to know how to start your own business renting out baby gear? Here is a free template for a business plan and some key advice to help you get started quickly and start making money.
Step 1: Get your baby gear together
First, you’ll need to get baby supplies to rent out. Start with good-condition things you already have. Also, consider going to second-hand stores and thrift shops to find good gear at a good price. You might even want to buy a few new items you think will rent well and keep an eye out for seasonal sales and discounts from retailers.
Step 2: Get the equipment ready to rent
Next, get your inventory ready to rent by making sure everything is clean and works well. You should also make sure that the things you want to rent out have not been recalled and that they are safe for other people to use. Go to CPSC.org or dumper Instagram to find out if there are any recalls on products for children or babies that could affect your business.
Step 3: Think about signing up for BabyQuip.
You don’t have to go it alone when starting and running your own baby equipment business. BabyQuip is a website that can help you start your own online business for renting out baby equipment. They already have customers all over the country and take care of all the legal stuff so you can get up and running quickly.
You can apply to be a provider, and Baby Quip will give you templates for your website, images and descriptions of your products, and other things. The fact is already a popular and well-known platform makes it easier for people to trust your business. In fact, 60% of parents say that renting from baby during their vacation was a great experience and that they would do it again.
There are BabyQuip providers all over the country, so there is sure to be a market in your area. BabyQuip charges new providers a $200 start-up fee. This is because they are insured and do all the hard work to help you get your business off the ground. This fee also helps pay for your website, business email, and training materials.
Step 4: Get a licence and decide on a rental contract
If you don’t want to use BabyQuip to start and run your business, you’ll need to get a separate business licence and figure out how your business will be set up legally. You can get an LLC and any other licences and insurance you may need to rent out equipment from your state.
You should also write up a rental agreement that customers can sign to protect your business from any liabilities or legal issues.
Step 5: Make a website and start putting things on it.
If you haven’t already, you can now set up a website for your business and list and describe your products on it. Again, if you use Baby name, it will be easy to get your website up and running. But you can also use Wix.com, which has drag-and-drop tools that are easy to use, or Bluehost, which has affordable plans for hosting your own website. Here are step-by-step instructions from Holly on how to set up your site with Bluehost.
When you list the items that are available for rent, be sure to include a short description and any rules that renters must follow. Making a website with a list of your problems can give potential customers a very helpful visual so they can look at their options ahead of time and get answers to some of their most common questions before they talk to you.
Step 6: Get paid and deliver the items
Once you start taking reservations, decide if you want to deliver or have people pick up the items. If you run your business out of your home and have a car with a lot of space, it might make sense to drop off rentals in the area. So, you won’t have to give your home address to too many people.
As a business owner, you can also deduct the mileage you put on your car and some of the costs of running and maintaining it. Set up an online payment account like PayPal, Zelle amazon erc or Square to make it easy for people to pay you. You can also order Square’s card reader device so you can take payments in person.
Step 7: Clean and Maintain Your Equipment
Finally, you’ll need to thoroughly clean your equipment after each rental and maintain it over time. Continually test your items to make sure they are secure and safe for others to use. Keep an eye out for new models and updates in the baby gear industry, and reinvest in your business to grow your inventory as you see fit.
Starting a BabyQuip equipment rental business provides a flexible way for you to make money from home and set your schedule. Once you get everything set up and establish a customer base, you don’t have to put in 40+ hours of work each week to profit. This particular business sets you up to earn more passive income over time since once you drop off gear to a renter, you can spend the rest of the day with loved ones or doing whatever you please while still making money. Sites like manga pfp can make it even easier to get started quickly without any hassle.