you should consider Start a video game business for public entertainment if you like to entertain and amuse people. You can make your cash registers roar by providing plenty of interactive games, computer games, video games and all kinds of electronic entertainment.
This is a family fun and entertainment business. Juniors and young adults just want to kick back and get their adrenaline pumping and the arcades are just the ambiance. If you are looking for self-employment options that can earn you a stable and profitable income, then 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 required 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 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 to offer exciting, fabulous and unique prizes for winning particular games!
Advertising:
Place ads in local newspapers.
Advertising in the yellow pages
local radio stations
Distribute flyers at local clubs, supermarkets, etc.
internet website
Essential equipment:
Food, candy and soft drink vending machines
Coin or token exchange machines
Tables and chairs
Arcade games of all kinds and variety
Recommended Training, Experience, or Skills Required:
You do not require any kind of formal or professional training to start an arcade business. Some technical knowledge of game repair and maintenance would be helpful. 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.
Income Potential:
Income potential depends on a good location. If you locate the arcade correctly, you can earn over $100,000 a year. Without a proper location, you will probably have little chance of success.
Target market:
The main target markets for your arcade business are children, teenagers, and young adults.
Success Tips:
The biggest success tip for any arcade business enthusiast would be to market their arcade in a big way. You have to employ smart business and marketing techniques to attract customers. After that, word of mouth will work better.
You have to create the perfect environment that will help youngsters and their parents have fun and relax! Refresh your arcade decor from time to time, including the latest games and exciting prizes!
