Ladder Rental

A few years back, when I was living with my uncle, I was once asked to go and hire a ladder from a neighbor. When I got there I saw some other people there and on enquiry, I discovered that they all wanted to hire the same ladder. Unfortunately, the owner was nowhere to be found.

That opened my eyes to another business opportunity.
Renting at N200 per day was quite affordable for the normal cheap ladder. If your ladder is hired twice a week, you have 200x2= N400 and in a month N1600. In a year you will have made 1600x12 = 19200. So assuming you bought your ladder for 15k, you would have made a profit of 4k. It is not a big business but if you multiply it....in 3 locations....with costlier types of ladders..or if your in a very high construction area....it could really pay off. Why I love it is, it is a business you can just start and the business runs on its own.

Requirements
A good ladder. You could ask a carpenter to make one for you or you could buy an industrial type of ladder like the one used by fire men or for climbing Electric Power Poles. The cost ranges from 15k to 75k.

Premises Set-up -You just need a space to keep your ladder. If you cant find a warehouse or where to shield the ladder from the weather (rain, sun etc) you need to also get ready to replace the ladder soon.


Personnel
One person is required to make sure the customer fills a form(giving his full address phone numbers, email, guarantor) and signs the hiring/lease agreement(this is necessary to ensure u don't get into trouble with injuries and insurance) before releasing the ladder. It could be necessary for your members to register with you first with a security deposit in case your ladder disappears. If don't do this, you may have to make sure you know each person you lend your ladder to.

Total staff 1


Getting Customers
Advertise in your local church bulletins, posters by the road side(very effective), flyers, having a sign outside your door, Talking to people at construction sites around you. etc


Other strategies
Make sure you collect your money before the Ladder is hired

Get ready to buy different types and sizes of ladders to serve different customers

This business thrives well in areas with a high level of development

Keep the price cheap

and in the long term
You could consider renting more related equipment to customers.

The best part of this business is that the ladder could last for as long as 7 years.

Comments

  1. Ladder Rental Near Me21 July 2022 at 12:16

    Great post! Thanks for sharing the best. Will surely recommend others to read so that they can update their knowledge. Keep posting!

    ReplyDelete

Post a Comment

Popular posts from this blog

Selling information as a Business

Introduction This just as the name suggests, selling information!. This can really be a very profitable business. Well it costs a little money to start but the rewards are very encouraging. What its all about Lets dream a little(Literarily) , what if you find a way of solving a problem for a lot of people? then you put it in a book and advertise it. How many responses do you think you would get? That is the foundation of this type of business - you give people information of exactly what they want. That was the easy part. How do you know what people want? This is the hard part. This part actually accounts for 80% of your success in this business. I have written an article on this subject. It will help you brainstorm. Click here to read it. Similarly, people also search for what they want on the internet. There are a few tools available to help you. Try the Google Adwords keyword tool or Wordtracker for free or Keyword Elite for a little fee. The Paid tool makes it extremely easy fo...
Read more

Dump Truck Haulage Business

Image
Introduction If you are in Nigeria, this is a business that can easily make you NGN350,000 (USD2,334) per month although it requires a considerable amount of capital. What you need The Dump Truck  A good Dump truck (faily used) starts from NGN7Million  (USD47,000) but its usually cheaper if you buy from outside Nigeria. My friend Mr Mike Edo who is into the business has a business partner in Spain who buys these trucks and sends them down to Nigeria. He is available if you are interested in getting a good truck. If you decide to buy it in parts that is, buy the Head first and then the bucket later, the head alone costs about NGN4Million (USD27,000). You can also import them at cheaper rates. The Tipper Bucket  (the back portion) costs about NGN2.5Million (USD17,000) to construct and install but NGN36,000 (USD240) to rent for a day in the eastern part of Nigeria. Business Structure  According to my friend, the business is simpl e, get your truc...
Read more

Guide to Registering a Business at the CAC in Nigeria (2024)

Image
I wrote this guide in 2021 but the process is still the same today In this guide, we will go through the following: Introduction Public search CAC CAC business name registration CAC portal login CAC document upload portal CAC registration fees CAC document upload CAC login from home CAC forms CAC Remita CAC company search CAC online registration FAQ about CAC and Company registration Fell free to click on any of the topics above to jump to it Introduction Why register a business? To operate a business in Nigeria, it is required that you register the business to give it a legal backing and give confidence to the public that your business is legitimate. You can also go to jail for operating a business without registration. The Companies and Allied Matters Act (CAMA) provides that you can register your business as a Non profit, Limited Liability, Partnership or Sole proprietorship business. You can downloada copy of CAMA here . About the CAC   ...
Read more