How to Use Quickbooks Alongside RW Elephant
Here at RW, we love to help make managing your Inventory & Orders a breeze. We've found that Quickbooks is a great tool to use alongside your Invoices in RW to manage your bookkeeping. Read more
6 Tips to Set Your Event Rental Business Up for Success in 2022
Your rental success next year starts with the decisions you make in preparation for the 2022 season (that means right now!). Not sure where to start? Here are six actionable steps to get you started on the path to the rental year of your dreams. Read more
Organizing Your Event Rental Warehouse
Many boutique event rental business owners strive to have beautiful open-air light-filled warehouses with inspiring shelves, wow-moments for their clients, and eye-candy everywhere you look. Growing rental businesses must balance this desire, however, with the need for efficiency, safety, and savvy use of space. Read more
How Credit Card Processing Can Save You Money
But when it comes to credit card processing, I’m often surprised at our clients’ approach. Many times, I see our clients implicitly or explicitly encouraging their customers to pay with a method other than credit card (cash, check, etc.). Ostensibly they’re doing this to avoid the credit card processing fees— with the intention of making more money. Unfortunately, however, I think that discouraging their customers from using credit cards actually costs them money in the long run. Read more
Where to Start If You Don’t Have a Rental Inventory List
Wherever they are when they realize they’re ready for a system to keep track of it all, one hurdle can be just putting together a list of all of their items. Read more
When to Buy A(nother) Truck in Your Event Rental Business
The number one area we see event rental business lose money is in deliveries. Setting the right delivery fees plays a big role in your overall profitability. A huge factor in those calculations has to be your delivery trucks. When should you rent? When does it make sense to buy your own truck? Getting it right could make or break your event rental business. Read more
Is It Getting Better Yet? Event Rentals in Q3 2020
I can't speak for everyone in the event rental industry but 2020 has been a hard year, #amiright? Read more
The Essential Reports You Need To Track in Your Event Rental Business
The practice keeps me grounded. In weeks when I’m down or discouraged, it helps remind me of wins and celebrations. When I’m excited about a new idea and ready to bet the farm on something untested, coming back to my five numbers reminds me that business is often about slow, steady growth rather than a meteoric rise. Read more
How To Use Discounts To Get People To Do What You Want In Your Event Rental Business
Vendor discounts and referral fees (aka kickbacks) are such an industry norm (particularly in certain regions) that many people think I blaspheme the event gods if I even consider not making such an offering. Read more
When and How to Change Prices in Your Event Rental Business
Before we dive into strategies for changing pricing in your event rental business, I want to make a note that your pricing strategy should ALWAYS allow for profitability. Far too often, event rental business owners price their products and services too low because they are eager to build their businesses or are desperate for people to book them. However, if you aren’t making money on every single rental, on every delivery, on every service you offer, you won’t be able to build a business... Read more