Renting out suits and costumes for theme parties is a fairly good and inexpensive business idea. Most commonly, the Halloween represents your best opportunity to make money, but such a business makes money throughout the rest of the year too. The good news is that you do not even have to rent a place because you can do it for home.
Make sure that you research this industry in the attempt to find out what costumes are more popular or you risk waiting for months without seeing a single customer. Besides, you also risk having a lot of requests for particular costumes, so you obviously need to have more pairs.
A few polls are very helpful to get some valuable information and the Internet represents an excellent source of information. You have to be very specific when you ask the question though.
“What kind of Halloween costumes have you had so far?”
I believe that this is the smartest way to ensure that you get answers from people who actually dress up for specific occasions. There is also the bad way to do it.
“What kind of costumes would you like for Halloween?”
If you put it that way, you will get a lot of answers from people who do not even celebrate Halloween. In this case, the poll results will not be too relevant.
Another very important consideration for this business idea is the guarantee. You need a guarantee for every costume you rent out. Double check each of them when they are returned for stains and cracks. Since a lot of people go to various clubs during the Halloween night, the risks to end up with deteriorated costumes are quite high.