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Investment upturn in midst of economic downturn
The ongoing doom and gloom in the financial world has led to many consumers being forced to change their spending habits, which has led to changes in the way investors spend their money. No longer are mainstays such as banking giving the security in investment of years gone by, leading to an increase in entrepreneurs looking for alternative investment routes.
With consumer spending on traditional nights out at an all time low due to the ‘credit crunch’, people are increasingly looking for a low cost night in. Waitrose recently reported a 30% increase in sales of its ‘As Good As Going Out’ range of ready meals, whilst online DVD rental service LoveFilm claimed a 40% increase in new memberships since the Summer of 2007.
One company claiming that their business has grown since the recession began is The Movie Booth, who deploy DVD rental kiosks across the UK and Ireland. Since launching in early 2008, The Movie Booth have seen a 60% increase in new monthly kiosk launches, with eight DVD kiosks being launched across the UK and Ireland since December.
The Movie Booth claim their machines are the modern alternative to Blockbusters traditional DVD rental model, and enable retailers to offer a completely new service from within their existing premises. Alongside company owned units deployed in retail stores, The Movie Booth sell kiosks to individual investors and investment groups seeking to become involved in a home entertainment industry which has received a new breath of life since the downturn in the economy has led to an increase in consumers spending nights in as opposed to nights out. For entrepreneurs who don’t own sites to place a DVD kiosk, The Movie Booth assist in finding the most suitable locations available based on localized demographic data.
DVD rental kiosks have proven to be extremely popular amongst investment groups in the USA, which includes McDonalds, Coinstar and MCG Capital Corporation.
Paul Dugdale, Sales Manager at The Movie Booth, said “We have seen quite an increase in interest in our product since the credit crunch began. Most of the people we work with are individual entrepreneurs looking to invest their cash in a business which can grow in this economic climate. Fortunately our product is proving to be popular because of changes in consumer behaviour, and our investors have been very happy with the returns they have seen so far”. For further information on this business opportunity visit www.themoviebooth.com or call 0870 1436769 .