Anyone contemplating on starting a tanning bed business has their work cut out for them. It’s a business that is very profitable but requires a lot of patience. The kind of patience where money will be necessary to support the business for the first six months of operation. Tanning bed business is comprehensive, it can include repair, sales or even opening a salon. Narrowing your choice to exactly what kind of business you want to run will make things easier and certainly less complicated. We’ll detail three business models associated with tanning beds to give you an idea what might interest you the most. Specializing and being good at a particular service or sales usually pays off in the long run.
What Kind Of Tanning Bed Business Do You Want? Sales, Repair Or Tanning Salon
Tanning Bed Business Ideas
- Repairing tanning beds is very promising, the facts are that more than ever people own tanning beds not just for their salons but also for their homes. Initially all new tanning beds come with a warranty, usually up to three years. These warranties eventually expire and when something goes wrong they will be looking for a repair man to fix the problem. Technical training is a prerequisite and if you’re able to attain such qualifications you can offer your services city wide and even to an entire county. The benefits of this kind of business is that you don’t have to rent out a place or a workshop, not of course unless your business really picks up and staff are necessary. Starting a business like this will depend on you making many visits to tanning salons as well as advertising online especially in your locale. Putting your services in the yellow pages is also a great idea.
- Sales will require a larger investment and much more careful thought, you can make more money but you can also lose your investment or a large chunk of it. It’s really a difficult business to get in to because usually the people who sell tanning beds have a large inventory. This inventory is stocked by paying cash and also by consignment deals. This is certainly the type of business that I would think real long and hard about. It’s simply too risky unless you are confident you can compete with the big boys. Help yourself by doing a simple survey, look at the prices that are being offered online, and then decide if you can compete with those prices. If you learn that the profit margin is great then you can make some money. You can order tanning beds, and have it delivered to your customers. You’ll essentially be a middleman where you take a percentage of the profits best of all you won’t have to worry about tanning bed financing.
- Supplies is very profitable and determining what your market ceiling will be is vital to success. You’ll also have to determine if you’ll be able to sell products just as cheap or cheaper than online retailers. Tanning products are often sold online because face it when was the last time you saw a visible tanning products store in the mall? You’ll also need exposure or otherwise no one will know about your business, you can sell to tanning salons in your city. But like you they are business savvy but if you are able to give them a better deal then you can quickly build a loyal client list. It’s all about the cost with business owners, if you can secure getting tanning supplies at wholesale prices there might be potential to make a good living. A vehicle is necessary as that will be your mode of transport to deliver the supplies to the salons.
Your idea of business might be to open a salon and if so then read starting a tanning salon business. There are many ways to make money when it comes to tanning beds, repairing, selling tanning beds, or even selling supplies and accessories. The tanning bed business model you choose to pursue should be in line with your finances, business plan and marketing strategy.