280: How to Start a Bounce House Rental Business (Investing in "Inflatable" Real Estate)

The Side Hustle Show

Nick Loper

How To, Entrepreneurship, Business, Education

4.7 • 1.6K Ratings

🗓️ 26 April 2018

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Corey Jeffreys turned an $800 investment into $3k in the first year and has been growing his business and adding more automated processes each year. His entrepreneurial adventure began by exploring the world of real estate investing, when he happened upon a slightly different rental business model: inflatable bounce houses. Corey started out renting a bounce house to his aunt as his first customer and doing all the labor himself, to where he is now with a virtual assistant from Upwork taking bookings and a delivery guy from Craigslist handling the delivery. This is a very different side hustle from the online businesses we see more often, but Corey managed it with a small up-front investment and it set the cogs turning with possibilities of other industries this can be applied to. Tune in to hear how Corey found his first customers, grew his business through word-of-mouth and online marketing channels, and hired help to automate his business processes and remove himself from the day-to-day operations. Full Show Notes and PDF Highlight Reel: How to Start a Bounce House Rental Business (Investing in "Inflatable" Real Estate)

Transcript

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0:00.0	Side Hustle Show 280, the local rental side hustle, getting started in inflatable real estate.
0:07.0	What's up, what's up, Nick Loper here?
0:10.0	Welcome to the Side Hustle show because starting small is better than not
0:14.0	starting at all. My guest today wanted to get into real estate investing but
0:18.2	actually stumbled upon a different investment idea at his son's friend's
0:21.6	birthday party.
0:23.0	We actually went to a birthday party for my son and I saw one of these bounce houses.
0:28.0	So I was kind of intrigued right around that time I'd start reading books by Napoleon Hill,
0:32.4	Rich Dad, poor Dad. So I kind of had some of that
0:34.4	entrepreneurship spirit in me.
0:36.2	When the time came for me to make a decision, it was real estate or a bounce house.
0:40.2	They both did the same thing, which was bringing in income. The bounce house was just a little more affordable at the time.
0:45.0	That's Corey Jeffries from castles float.com who turned an $800 purchase of a used bounce house into $3,000 in revenue in his first year in business and last year he did 15 grand all on the side from his day job in IT.
1:00.0	This was an eye-opening and inspiring conversation for me both from the standpoint of hey there are lots of other things that people rent besides houses like what other products could you pivot that traditional real estate business model to but also from the standpoint of how Cori's set this
1:13.7	business up to be as passive as possible.
1:17.0	Hi, thank you for calling Castle's Boating Kids Play,
1:23.4	your preferred Bounce House Rental Company.
1:26.0	Please listen carefully to the following menu options.
1:28.8	For customer service, press 1.
1:31.4	For Espaniel, Markeque Numer-Dose.
1:34.0	For questions about scheduled deliveries, press 3.
1:37.0	Or, please remain on the line and your call will be answered by the next available rep.
	...

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