Construction business like any other kind of business has its ups and downs. There will be occasions when you will have a lot of work to do and at times you may not get any work for months or you may have very limited work to do for which you may hardly require a couple of small equipment to get your work done. So the major question is what one should do who have a bunch of heavy equipment at his disposal. This is a quite a tricky one because he can’t sell them off as he may require those machines as soon as he gets some projects but since he is not sure how soon he can end with one, he also can’t leave his machines idle. In such a situation, the best option would be to rent the machines and earn good rental amount till the time he thinks he anticipates that he will remain out of work.
Simultaneously, if he wishes he can also set up a similar form of business where his sole job would be to rent heavy equipment to the end users. There are many new construction companies that are small in size and also can’t afford to buy machine that are so expensive. They hugely depend on people who are willing to rent their machines at a reasonable price. Now the issue is there is no intermediary who can bring both the parties at a common junction from where they can do this transaction. This gives rise to another form of business; that is setting up a company that deals exclusively with machines that can be taken on rent. So if you start up a business where you are dealing with rental machines, you need to ensure that you have good contacts from people who are willing to give their machines on rent and people who want them on rent.
Do business on internet:-
People love to do internet. For every small thing, they are highly dependent on internet and they get the answers of most of their queries from there. So you can clearly envisage the potential prospect you will get if you set up an online business where you are putting up machines on rent and people who are interested to do business with you contacts you. You give them what they want, take your cut from both the parties and your work is done. You can also register yourself in some online selling store that deals with selling/renting of heavy equipment. Post the images of machines that you can give on rent and wait for someone to reach you.
Internet has the potential to connect you to large number of people. This means that you have a large customer base and can make the most of it from them.
Advertising it in different forums:-
You can also advertise about your business in magazines that are related with the construction, mining and heavy equipment domain. So people who are in this industry will go through your piece of advertisement and give you businesses.