You should consider Start an electronic games business for public entertainment if you like to entertain and amuse people. You can make your cash registers ring by providing loads of interactive games, computer games, video games, and all kinds of electronic entertainment services.
This is a fun family entertainment business. Youth and young adults just want to kick back and get their adrenaline pumping and arcades are just the environment. If you are looking for self-employment options that will bring you a stable and profitable income, you should consider the arcade business. Before starting an arcade business, you should check your local zoning laws.
Estimated start-up costs:
$ 10,000 to $ 50,000.
Funding sources to start an arcade business:
Bank and credit union loans
Angelic Investors
Business plan necessary to apply for loans
Marketing tips and methods:
Remember that you are competing with home versions of all these games. For that reason, you need to do something to attract them to your Arcade instead of staying home to play. Think of a catchy name for your arcade business. One way to attract customers is by offering exciting, fabulous and unique prizes for winning particular games!
Advertising:
Place ads in local newspapers
Yellow Page Advertising
Local radio stations
Distribute flyers at local clubs, supermarkets, etc.
Internet website
Essential equipment:
Vending machines for food, sweets and soft drinks.
Coin or token exchange machines
Tables and chairs
Arcade games of all kinds and variety
Recommended required training, experience or skills:
You don’t need any formal or professional training to start an arcade business. It would be helpful to have some technical knowledge on repair and maintenance of games. However, you can outsource repairs and maintenance. Basic business skills would be helpful, but you can learn from books or business plans you can buy.
Earning potential:
The income potential depends on a good location. If you locate the arcade correctly, you can earn more than $ 100,000 a year. Without a suitable location, you will likely have little chance of success.
Target market:
The most important target markets for your arcade business are children, teens, and young adults.
Success tips:
The biggest tip for the success of any arcade business fan would be to promote their arcade in a big way, in a big way. You must employ smart marketing and business techniques to attract customers. After that word of mouth it will work better.
You need to create the perfect environment that helps children and their parents have fun and relax! Refresh your game room decor from time to time, including the latest games and exciting prizes!