Build Product Renting & Selling Marketplace with Yo!Rent

Build Product Renting & Selling Marketplace with Yo!Rent

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Since the modern households have evolved, it has brought with itself a new trend which makes people utilize even those items which are not being used regularly. Every person has books, appliances which they once bought due to dire need but is not being used daily. Now, people have realized that those items are not just meant to lie in the attic, but can be a source of some extra bucks in the pocket. Every item, new or used, has a value.

Peer to peer renting and selling business model has made it possible for used items to be sold to another person who finds it valuable. In a short span of time website like RentTheRunway, Flyrobe, Rentacenter, Furlenco, etc. have become popular; providing huge benefits to both owners and renters.

Business Model of Renting and Selling Marketplace:

  • The business model of these websites revolves around peer to peer renting and selling. The basic working is mentioned in the steps below.
  • Product/service owners can put up old items for sale/ rent on the website.
  • Renters save money by searching for used products to rent/ buy.
  • Rent items for a specific time period and amount of money or buy the second-hand item at a set amount.
  • The website can earn revenue by commissions, featured listing, on page advertisement, etc.

Renting/ Selling website not only generates revenue benefits for owners and renters, it is also a practical way to lessen reckless purchase.

Yo!Rent is a Perfect Solution to build a product renting and selling marketplace

Yo!Rent is the perfect solution for all the entrepreneurs who want to be a part of the growing online renting industry. Yo!Rent is developed as a solution to build a renting and selling marketplace. Yo!Rent has been developed after thorough research and analysis of the market.

Start online rental marketplace

Our team of developers saw the need for renting marketplace as people prefer to rent those products which are unused or not used often. Yo!Rent aims to revolutionize the renting economy by providing aspiring entrepreneur with a swift and solid way to launch a scalable marketplace. CompareCamp, a popular B2B software review platform has bestowed Yo!Rent with their Great User Experience Award and Rising Star of 2018 Award.

We are mentioning some of the many features of Yo!Rent below:

  • Responsive design
  • Fully optimized for mobile
  • Fully customizable
  • Search engine friendly
  • Social media features
  • Smart review management
  • CMS management
  • User ranking management
  • Email notification and templates
  • Quick website setup
  • One-time payment
  • One year technical support

Conclusion

The business idea of opening a renting marketplace where owners of less used items can rent or sell their product on the website and renters/buyer can buy it at a less price. These websites have great potential as they can be set up in any geographical area without being direct competition to the conventional ecommerce businesses. If you are planning to launch a renting marketplace, make sure you read reviews, check demos and verify the solution for all the functionalities pertaining to your business needs.

Disclaimer: The Blog has been created with consideration and care. We strive to ensure that all information is as complete, correct, comprehensible, accurate and up-to-date as possible. Despite our continuing efforts, we cannot guarantee that the information made available is complete, correct, accurate or up-to-date. We advise - the readers should not take decisions completely based on the information and views shared by FATbit on its blog, readers should do their own research to further assure themselves before taking any commercial decision. The 3rd party trademarks, logos and screenshots of the websites and mobile applications are property of their respective owners, we are not directly associated with most of them.



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