>> event planning articles > What budget do you need to start a marquee hire business
What budget do you need to start a marquee hire business
This is a question I get asked often and my response is nearly always the same – don’t throw a large amount of money at it to start with.
Now this might be a little surprising considering my position, surely it’s in our interest to sell someone as much equipment as possible? Well yes, but we take a longer term view -if we look after you then when you expand or need to replace stock you’ll come back to us for more. If you turn tound afte a year with a lot of stock that you’ve never used then you won’t think much of my recommendations!
Basically I’d suggest something around £4000 to start with if you’re starting it up on a part-time basis:
- Our bronze marquee hire package (£2028.24)
- A Website (free to £500)
- Social Media (free)
- Google My Business Lisitng (free)
- Google advertising (£400 free then budget/month)*
- Marquee hire liability insurance (£500/year)
- Vehicle/trailer/transport (£1500)*
- * Depending in what you choose and have available this may be more/less
Website builders such as Wordpress/Squarespace/Wix/Godaddy can be an easy way to set up your own website or your can hire a professional
Google Ads now offer £400 free advertising credit to new customers - this can be a great way to get in the first few jobs (website required first)
A Google My Business listing is a free google listing that will make your business appear in the local area searches and on google maps
This is based on someone starting a business slowly and buying more marquees as needed – when our delivery time is generally 2-3 days from stock it makes life a lot easier to expand!
If you need a large return straight away and you’re doing this full time then obviously you’ll need more marquees to start with (this is what our gold package is aimed at).
Thanks for reading
Spencer
