22 Pros & Cons Of Starting A Bar Crawl Business (2024)
Please note that the data provided in this article are estimates and may vary depending on various factors, and should not be considered as perfect or definitive.
Trying to understand the pros and cons of starting a bar crawl business?
Here are all of the pros and cons of selling bar crawl online:
Pros Of A Bar Crawl Business
Pros | Description |
---|---|
Little startup costs required |
The cost to start a bar crawl business costs significantly less money than most businesses, ranging anywhere from 62 to 40,161. |
No overhead costs |
To get your bar crawl business started, there are no costs associated with overhead, storage, packaging, etc. This will save you a lot of time and money! |
Quick build time |
The average time it takes to build your product is quick - typically around 5 months. This will allow you to bring your product to market faster. |
Daily physical activity |
Bar Crawl Business's typically involve a much greater degree of movement than other lines of work. Most days, you will spend your day walking, running errands for your business, and performing a multitude of tasks. This can have a positive impact on energy levels and your overall health. |
Amazing perks and discounts |
Working in the bar crawl business comes with its perks! As a seller for these products/services, you typically also get to enjoy industry perks and discounts. |
You are your own boss! |
With starting a bar crawl business, you are the one to make decisions for almost all of the operations. Calling the shots can be empowering and liberating! |
Higher likelihood of getting referrals |
This business is all about referrals, which can be a a very impactful way to attract and retain customers. It's critical that you have a great referral program in place that incentivizes your customers to tell their friends about your product. |
Face to face interaction |
If you are the type of individual that thrives on human interaction, then this is the business for you! With a bar crawl business, you will be hands-on with customers and or employees every day. |
Minimal experience required |
Starting A Bar Crawl Business requires little experience and no specific certifications or qualifications. To be successful, you need hard work, determination and the desire to achieve greatness! |
You get to do something you truly love |
With starting a bar crawl business, you get to put your energy into something you are truly passionate about! You'll find yourself devoting as much time and energy as possible into the business to make it successful. |
Easy to Learn The Business |
When starting your bar crawl business, there is a ton of information readily available to you online (Facebook groups, Youtube videos, Starter Story etc). This will help you get the business started and answer any questions, doubts or concerns you may have. |
Never a dull moment |
With starting a bar crawl business, there is truly never a dull moment. Your job offers a lot of variety and allows you to meet interesting people from all walks of life. |
Cons Of A Bar Crawl Business
Cons | Description |
---|---|
Crowded Space |
Competition is high when it comes to your bar crawl business, so it's important that you spend a good amount of time analyzing the market and understanding where the demand lies. |
Work can be inconsistent |
As a bar crawl business, the amount of work assigned to you and schedule tends to be more inconsistent, which may make your income less stable. It's important to set boundaries and budget accordingly based on the amount of work you plan to have. |
Time commitment |
With starting a bar crawl business, all responsibilities and decisions are in your hands. Although this is not necessarily a negative thing, work life can take over at times. This can place a strain on friends and family and add to the pressure of launching a new business. |
You might struggle financially (at first)! |
If you bootstrap your business or choose not to pay yourself (or pay yourself less than you were making at your corporate job), this can be financially taxing. It's important to adjust your lifestyle and set a plan for yourself so you don't find yourself in a stressful situation. |
More of a challenge to run your business from home! |
Running your business from the comfort of your own home is a big appeal for many entrepreneurs. With a bar crawl business, you are more likely to run your business out of your office or storefront space. |
Work is not always glamorous |
With starting a bar crawl business, you may need to get your hands a little dirty. Although it may seem glamorous from the outside to start this business, the work can require a lot of physical activity and repetition. |
The job can be demanding |
This is one of the major disadvantages starting a bar crawl business. It's important to understand that you may need to make yourself available on a 24/7 basis. |
High liability |
Running a bar crawl business involves a lot of liability, which means the cost for insurance premiums may also be high. |
Your event may get too rowdy |
Part of the deal when running a bar crawl business is that you have to manage a rowdy group of people. Especially when drinking is involved, this can be equal parts challenging and frustrating. |
Recession-Impacted Industry |
When the economy is down, bar crawl business's are one of the first things to be cut. |
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