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stereo amps and preamps for rent,what do you think

hi my fellow audiogoners i am thinking of starting a very interesting new business.it will set the audio world on fire.i want to start a renting audio equintment.now this will include amps preamps dacs and cd player.but before i start investing i would like your input.do you think it is a good idea and will you want to rent stereo gear.it seems logical to me because i buy quite a bit of stuff and it does not suit my needs.i think a lot of you would agree.also you get to see if the piece is right for you.
gotsouldr

Showing 2 responses by narrod

narrod
1,064 posts
 
Keep thinking. Every great idea was preceded by a thousand bad ones.
narrod
1,064 posts
 
Gotsouldr, build the business case. Determine how many pieces you need to have steady rental income. How well are you capitalized? How long a payback period can you handle before realizing a profit? For example, a $6000 product (your cost) rented at $500 a month will require 12 monthly rentals before you break even. Can you live with that? Is that a reasonable and realistic payback period?
Is this going to be a business or a hobby? How much money are you willing to risk to see if this is an idea with legs? It sounds like a terrible investment to me. Of course, I think anyone who chooses high end audio as a business is a little odd. It is, I believe, a small and getting smaller business segment. Only invest what you are willing to lose. Good luck.
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