$10,000 to $50,000. Website design By BotEap.comFunding Sources to Start an Arcade Business:
Bank and credit union loans
angelic investors
Business plan required when applying for loans Website design By BotEap.comMarketing 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! Website design By BotEap.comAdvertising:
Place ads in local newspapers.
Advertising in the yellow pages
local radio stations
Distribute flyers at local clubs, supermarkets, etc.
internet website Website design By BotEap.comEssential equipment:
Food, candy and soft drink vending machines
Coin or token exchange machines
Tables and chairs
Arcade games of all kinds and variety Website design By BotEap.comRecommended 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. Website design By BotEap.comIncome 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. Website design By BotEap.comTarget market:
The main target markets for your arcade business are children, teenagers, and young adults. Website design By BotEap.comSuccess 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. Website design By BotEap.comYou 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!