How to Run a Movie Rental Store

Starting and running a movie rental store is not as hard some of you may think. Consider following some simple instructions and tips to give yourself an edge in a highly competitive environment. However, to be able to succeed, the video and movie rental store owner must discover a method to compete with online downloads and other widely available pirated movies databases. It is recommended to offer your customers great deals and discounts in order to attract them. Small businesses including movie rental stores must offer personalised and attentive services to their customers, showing their passion for movies and knack for business. Consider buying all the required equipment for your rental store and start making money.

Things Required:

– Store location
– Business license
– Sales tax license
– Seller’s permit
– Financing
– Fixtures
– Shelves
– DVDs and/or VHS tapes
– Clear plastic DVD jewel cases (single and double)
– Computers
– Printer
– Video rental software and hardware
– Sticker labels
– Beverages
– Various snacks

Instructions

  • 1

    Before doing anything else you will need to determine if starting a movie rental store is the right choice for you. Movie rental owners are often required to work long hours and pay attention to details in order to survive. If you have what it takes to become a successful movie rental business owner, consider researching retail locations in your region that are empty. It is recommended to choose the location that is near the city centre so your customers can easily access your store. Before signing the contract, make sure you have arranged the initial deposit, three months rent, taxes and other utilities. You must have at least $60,000 in your bank account to pay the initial expenses.

  • 2

    Consider contacting your local bank if you do not have enough money in your bank account. If possible, speak to one of the customer service advisers at the bank to discuss loan possibilities. Depending on your credit score, the bank will approve or reject your business loan application. If you are unable to obtain a loan from the bank, consider applying for a business credit card.

  • 3

    Purchase all the required furniture and computer accessories for your video rental shop. This can be done by visiting your local business or office supply store. Item such as computers, tables, chairs and racks can be easily bought from these stores. Buy the DVD’s and CD’s from a reputable distributor and start making money from your rental store.

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