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  1. #1
    I am now LVholicmum juicyholicmum's Avatar
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    Default What do you think of Bag Rental Business

    I was tallking to my DH this morning, and I said to him when the kids are older, I would want to get into business, like something related to bags as I love and adore them...

    so... I said to him there are about 2 bag rental business here in the whole of Australia, maybe in a couple of years time if I did my research enough I can pull it off... or maybe a consignment store (like let-trade.com or fashionphile)... but I would have to do a lot of research.

    I used to think I wanted a franchise of this baby stuff store that's only like 4 outlets here in Australia... what do you girls think

  2. #2
    ♥'s RM Jess's Avatar
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    Default Re: What do you think of Bag Rental Business

    I'd be afraid if I rented out bags to people, they'd steal them. Plus you'd have to have ALOT of money to fund buying the bags. I'd rather keep them, lol!

  3. #3
    Official Bagista
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    Default Re: What do you think of Bag Rental Business

    businesses are hard to run, and an astronomical percentage of them fail during the first five years ... So unless you are multi-millionaires I would probably just admire/collect bags. Like jess said... You would need hundreds of housands of dollars to buy the bags to rent out... And you risk losing them etc

    I also think there is a lot of competition. Bagborroworsteal is pretty big and they even have vintage and birkin bags ...

  4. #4
    Totally Purse Obsessed Arianne12's Avatar
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    Default Re: What do you think of Bag Rental Business

    I would love to own a consignment store if i had tonnes of money and it's more of a hobby. Unlike bag rental, you don't need to put up the outlay yourself as the merchandise comes from other people. But you would need to build a healthy base of contacts to source from and build up your reputation. Another thing to consider is that in order to make your commission and make it worthwhile for your consignee (normally it's 50/50), the price of the item would probably be higher than if sold as a private sale on ebay, for example. And ebay would be your greatest competition.

  5. #5
    I am now LVholicmum juicyholicmum's Avatar
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    Default Re: What do you think of Bag Rental Business

    thats true... I just want to go to business in a few years so I can look after my kids and work... maybe an ebay store?

  6. #6
    Rising Bag Star
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    Default Re: What do you think of Bag Rental Business

    I think this can be a very good business, just needs lots of promotion

  7. #7
    What recession? helene80's Avatar
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    Default Re: What do you think of Bag Rental Business

    I like the idea of a bag rental - and for sure: there's a market for it in AU and I think if managed well, it would have the potential to be very successful - I like it!

  8. #8
    Rising Bag Star
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    Default Re: What do you think of Bag Rental Business

    I like the idea of a bag rental too, but I worry that it would take too much money to start it up, what with advertising and purchase of bags to rent

  9. #9
    Karen linvline's Avatar
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    Default Re: What do you think of Bag Rental Business

    don't forget the inflation of handbag prices, such LV
    the customer service told me it's normal for them to adjust the prices once a year...

    you need to look into details before you start, a standard policy for deposit, stain charges, late fees, blah blah

    if i were you, i will just charge the full price and refund it later when i got the purse back. So, no worry about stealing, stain, non-return within certain date range...

    just some suggestion

  10. #10
    Rising Bag Star
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    Default Re: What do you think of Bag Rental Business

    Good idea, I am sure their will be a lot of business.

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