You should consider Starting an Arcade Business for public entertainment if you enjoy entertaining and amusing people! You can set your cash registers roaring by providing loads of interactive games, computer games, video games and all kinds of electronic amusement amenities.
This is a fun and family entertainment business. Youngsters and young adults just want to chill out and get their adrenaline pumping and amusement arcades are just the environment. If you are looking for self-employment options that will earn you a stable and profitable income you need to consider the arcade business. Before Starting an Arcade Business you need to check out the local zoning laws.
Estimated start-up costs:
$10,000 to $50,000.
Financing Sources for Starting an Arcade Business:
Bank & Credit Union Loans
Business Plan needed when applying for loans
Marketing Methods and Tips:
Remember that you are competing with home versions of all these games. For that reason you need to do something to draw them to your Arcade rather than remaining at home to play. Think up some catchy name for your arcade business. One way to draw customers is by offering exciting, fabulous and unique prizes on winning particular games!
Place ads in local newspapers
Yellow Page advertising
Local Radio Stations
Distribute flyers at local clubs, super markets, etc.
Vending machines for food, candy and soda
Coin or Token Change Machines
Tables & Chairs
Arcade Games of all types and varieties
Recommended Training, Experience, or Needed Skills:
You don't require any kind of formal or professional training for Starting an Arcade Business. It would be helpful to have some technical knowledge on repair and upkeep of the games. However, you can outsource for repairs and upkeep. Basic business skills would be helpful, but you can learn from books or business plans you can purchase.
The income potential is dependent upon a good location. If you locate the arcade properly, you can make upwards of $100,000 a year. Without a proper location you will probably have little chance of success.
The biggest target markets for your arcade business are kids, teens and young adults.
The biggest success tip for any arcade business amateur would be to promote your gaming parlor in a big, big way. You have to employ clever business and marketing techniques to attract customers. After that word of mouth will work the best.
You need to create the perfect ambiance that will help youngsters and their parents to have fun and relax! Revamp your arcade décor from time to time including the latest games and exciting prizes!