IN THIS LESSON
Create a business that rents out baby essentials to parents.
Because babies are expensive!
Children grow out of their clothes so fast, while the clothes remain in good condition.
This also applies to various baby appliances such as cribs, car seats, baby chairs and prams.
Parents’ costs for items used for only a short time can be reduced substantially if they are able to rent these items instead of outlaying too much money.
You will need to buy baby essentials yourself, so you can start by purchasing second-hand clothes and other baby equipment in order to start your rental business.
You can start with clothing and then expand your offer to include access to car seats, cribs and prams.
Requirements
Start-up Capital: yes – $100
Space required: Yes – either a room or cupboard in which to store the items
Equipment: Clothing and baby accessories
Specific skills: Nil