What would birthdays, weddings, concerts, and special occasions be like without balloons? We really couldn’t imagine!
This is a great business idea to explore if you want a high-profit venture that only requires minimal capital to start. As long as you are willing to work hard, then there’s a great possibility of succeeding in the balloon-making business. Besides, you will have a lot of potential customers.
Now you have two choices to consider – be a balloon retailer or a balloon decorator. Although it is possible to do both, it is much better to pick one when you’re just starting out so you can be more effective and focused.
Let’s look at the differences between the two:
1) Balloon Retailing
First off, you will need a bigger capital if you’re going for balloon retailing. This is because you will have to rent an actual space where you can establish your shop. Remember that in this type of business, location is absolutely crucial.
Aside from the balloon making equipment, you also need a vehicle to transport the balloons to your customers.
2) Balloon Decorating
Balloon decoration, on the other hand, isn’t as complicated. Running the business from your home is possible since the bigger chunk of work is done at your client’s site. What’s important here is that you are creative so you can impress your customers. Also, it’s a must that you know how to work well under pressure since you’ll often have a short time to perform your tasks at the location of events.
Whether you are retailing or decorating, make sure that you comply with the legal requirements so you can enjoy hassle-free operations. Register with your barangay, city hall, BIR, and DTI.
Some of the basic equipment you will need include electric compressor, balloon sticks, inks, along with different colors and designs of balloons. As your business grows, you can later offer other party-related products and services to your customers such as chair and table rentals, catering, flower arrangements, toys, and even clowns.