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Old 06-03-2009, 05:47 PM   #17
Florida Ever-Glides
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Join Date: Sep 2003
Location: Sarasota, Florida, .
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Thanks Nick.

Probably the most important single item to consider when contemplating a new Segway tour business is demographics. Can the area support a tour price high enough to ever turn a profit? Especially in a recession, when people are generally cutting back on all expenses, including discretionary spending. If you price it too low, you will work your *** off (if your lucky) and still never turn a profit unless you have little to no expenses. And. you'll work hard and not smart. On the otherhand, if you price it too high for the area and it's economics, you wont get nearly enough customers to make the venture even viable.

It is highly recommended to pick an area that can easily support $65.00 per person + to be able to have a good return on your segway Tour investment. And don't just think it might. The more affluent the area the better the chance of success.

And, don't lose sight that for the money spent by your guests, you must always exceed their expectation of the tour. This is where most tours go wrong. Many segway tours are nothing more than a guided ride that emphasizes the Segway and not the tour.

What will make or break the business is your return or referral guests. Over time it should grow to about 30% of your business. And, this additional revenue is what makes your business able to grow and thrive during economic fluctuations...
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