by Rentcubo | Oct 16, 2020 | Rental business ideas
Over the last decade, gym membership has grown exponentially. As per a survey report, there were around 45 million US gym memberships in the year 2019. As people have become more health-conscious, the fitness industry has become quite a significant part of our lives. But the COVID-19 pandemic has led to the temporary closure of many fitness studios and gyms.
Gyms have been
severely affected during this pandemic. The close-down of gyms to prevent the
spread of Coronavirus has led to a huge financial loss on Gym owners.
Gym Owners can rent out their equipment
People
are stuck at home, and the gym equipment is stuck at the gym. As gyms and
fitness centers are the places where physical contacts are difficult to avoid,
keeping the equipment sanitized all the time is another big challenge. So
studio or gym owners can rent out the equipment to their clients, who need this
equipment for their daily workout. It could be difficult for any individual to
buy expensive equipment that they were using in the gym, but renting equipment
can solve this issue.
To safeguard the fitness industry, equipment renting
is a good option. The gym owner can benefit by renting out their equipment to
earn revenue and help their regular clients do their workout at their own
homes. Meanwhile, they can continue to keep an active membership with the
clients.
A suggested business model involving rental software benefits
Gym owners can manage
a gym equipment rental business through gym rental management software. They
can list the equipment and pricing for their clients to view. Clients or
regular users of the equipment can view the listing based on their location and
can select the equipment they require to hire. The gym owners, once they
receive the requests placed by the clients, can then review and approve them.
After the approval, they can request for the rental payment amount; and the
safety refundable deposit. While placing the renting requests, they can also
provide the option of choosing self-pick or doorstep delivery.
The online gym
equipment rental marketplace not only can generate the rent price for the
owner, but it will also open other channels of earning money. There is no
commission money involved as the gym owner is directly interacting with
clients, which generates maximum profit from each transaction. By online
advertising, income can be generated by the advertiser on a view or click
basis.
The owner can also
create a set of subscription plans with benefits like free delivery, fixed
discount, etc. to attract clients. Gyms can rent out as many equipments that
were used by its clients like a resistance band, treadmill, dumbbells, bikes
for cycling, and rowing machines. Who so ever chooses any equipment can hire it
for a weekly or fixed-term basis.
Develop a website to create awareness
Develop a website to
promote and be visible to people that you’re putting your gym equipment on
rent. The website can create visibility over the internet and create awareness.
The basic features the website should contain are:
- The homepage should be enticing to target your audience with a beautiful banner and offers.
- A rental page for gym equipment
- Product page with detail description of equipment with equipment high-quality image and renting price
- Booking form for equipment
Conclusion
The demand for gym
equipment is increasing due to the present Coronavirus situation, which has
made stay-in-home a part of our lives. Setting up a gym and fitness equipment
marketplace can be a great way to cater to the growing demand of your
customers. You can reach out to the website building company or any freelance
website builder who can understand the market need and give you the right
platform to rent out your gym equipment.
In
this pandemic situation, everyone learned the importance of staying fit; and
renting fitness equipment could be a unique and good solution to this. Also,
make sure that you are getting out the word that you are renting your gym
equipment through social media, Whatsapp marketing, and also by sending out
emails to your existing clients.
If
you would like to know about developing a rental software or if you have any
inquiries, please feel free to reach out to us at contact@rentcubo.com.
by Rentcubo | Oct 7, 2020 | Blog, Rental business ideas
In
the present world, the work environment is characterized by any organization
that is at a fast pace and has a large amount of exchangeable information.
According to a researched study, an average employee is spending time in about
50 meetings per month on an average basis. No wonder that meeting rooms are completely
booked up, and generally, an organization needs to have pre-bookings.
Managing Meeting Rooms
Fortunately, there are many ways in which we can improve our meetings. Besides measures like setting a clear agenda and preparing the participants, a meeting room booking system could add significant value to the meeting culture of your organization. Meeting rooms are not only valuable but play a very crucial role in any organization. A gathering point for employees and taking crucial decisions, presentations all this offers additional revenue opportunities.
The
reason why meeting room booking system can offer commercial and operational
benefits in the following ways:
Reducing admin and paperwork
Traditional
meeting room booking requires lots of manual admin work, like filling forms,
timetable of a meeting room, and facilities involved. But allowing the booking
of meeting rooms online takes away all this tedious work of long-winded booking
forms and manual management of diaries.
With
the ultimate advanced system that captures all the essentials from room layout
to the number of people and also at the same time caters all equipment
necessary. An automated booking process can be time-saving and will improve
your efficiency and productivity within the workplace.
Hassle of spontaneous meetings
In many organizations, they have different ways of booking a meeting room, which is pre-scheduled generally 2-3 days ahead of the time. But the problem arises when it comes to spontaneous meetings. If you come across an empty meeting space and accommodate yourself and start the conversation and suddenly, a colleague knocks on the door, telling the room is booked for some client meeting. There begins the search for another room.
The
solution to this problem is a meeting room booking system. You can visualize
the digital room calendar, and you can spontaneously book the room if required,
by simply placing the query in the booking system and check the availability of
meeting rooms of a particular size.
Room availability
Many
times it happens that you require a meeting room, but it’s occupied. Also, in
big organizations where they have quite a few meeting rooms, it goes unnoticed
that they have unoccupied meeting rooms. People may be looking for a meeting
room completely unaware, which meeting room is empty and that they can utilize
for a meeting. So room availability could be a big issue as it may end up
lowering productivity in an organization or delayed decision taking can also
affect the overall performance of employees.
So the meeting room system can easily tell you about the available rooms for meetings and also about how many people can be accommodated and other such important information which a person requires when they are preparing for some exclusive meeting with clients. The system will give you a view of the utilization rate, no-show rate, meeting lengths, and the number of participants, etc.
Reservation System
A
centralized reservation system operating in real-time will actually help the
organization of the important meetings that directly affect important
decision-making processes, affecting the productivity level and the revenue
too. Some common features that the meeting booking system includes are:
- Real-time availability
- Showing next availability metrics
- Multiple reservation resources can be involved
- Email confirmation, cancelation, and occupying when meeting rescheduled
- Integration with facilities involved
- Based on the number of occupants in the meeting room, booking can be done accordingly
- Digital display outside each meeting room can improve the management of meetings drastically
- The digital display also can help in planning the next meeting accordingly
Whether the booking is scheduled through phone, in-person, or emails, the information is fed into the central system and captured in real-time. It also removes the risk of double-booking. Hence you will always have updated information on the availability of meeting rooms.
Conclusion
The meeting room can be accessed at any time, 24/7. From a commercial point of view, your facility is available for booking proficiently, increasing productivity as no meeting is kept waiting. Your rooms and facility can offer a genuine revenue-generating opportunity for the organization. The meeting room booking system makes it easier to find what is required and when required, and further, checkout can be swiftly done, without any hassle. If you’re looking for a Meeting Room Booking System, please feel free to reach out to us at contact@rentcubo.com or connect with us via WhatsApp.
by Rentcubo | Oct 5, 2020 | Blog, Rental business ideas, rental business plan
In this commercially advancing world, office space is one of the most important sought-after properties. Companies that have vacant spaces can consider giving it out for rent.
Underutilized Office Spaces?
Some offices may have big conference rooms, small meeting rooms, or even vacant cabins that are not being utilized up to their capacity. These underutilized spaces can add to your income. You can list these spaces online for rent, and voilà! You will find people reaching out to you.
If you add amenities like printer, fax, whiteboard, or a projector along with office space, you will find the demand for your underutilized space going up, and you will start earning a good income out of it.
Consider Renting it Out?
Are you still wondering whether you can rent out your extra
space in the office? Currently, ShareDesk is a key contributor to the sharing
economy. They provide shared workspaces by renting it to freelancers.
Some well-known companies like; Airbnb and Roomorama have
proven this idea of short-term renting of residential places. Thus, this idea
can work well for commercial spaces as well.
Don’t believe? Let’s look at some reasons to rent out your extra office space.
You can work with new folks
Co-working is a trend now as this community brings companies
and freelancers under one roof. As a result, co-working software is becoming a
trend. This will result in professional connections and interactions.
For example, if an advertising agency rents their free space
to a design agency, then it will benefit both the agencies in their growth.
Thus, if you have a spare space in your office, then rent it
out to the people who are running a business that you want to associate.
Extra Income
Renting out your spare office space can help you earn extra
money. You can earn tens of thousands every month as per the location and size
of the spare room.
Now, you may consider it a stressful job as you may need the
help of a broker. However, now you can do this without the help of a broker as
well. You can list your space digitally via Rentcubo’s rental management software, which is
more flexible and hassle-free to use.
Make a community of individuals with a similar mindset
If you have vacant space in your office and want to rent it
out, then consider people who are of a similar community. For example, if your
office space is in a location, which is famous for startups, then consider
choosing startup businesses as tenants.
Network Opportunities
As there is an increase in professionals working as
freelancers, there is a growing need for co-working spaces. Shared office
spaces can conveniently meet the needs of such professionals who are working on
projects. A shared office opens up opportunities for most professionals to be
creative and interact with people from different fields. They can meet people
from their background or even competitors. It helps them in getting a broader
view of how things are changing in the market and adapt to these changes
quickly.
Rental Booking Software
Some businessmen have to travel a lot with regards to their work. The schedules of these businessmen are generally busy with meetings and catching up with work. However, they wouldn’t prefer to conduct the meeting in a hotel lobby or chat with clients in their room. They would prefer to conduct their meetings in an office-like environment with access to a printer, whiteboard, and other such amenities.
Rented Office Space as Solution
Now, in this situation, they would want to know if there is a rented office space available for a few hours or days. A rented spare office is quite an advantage for a businessman who is on a visit for a few days. An office-like environment would give access to amenities like fax or printer. He would also want to inquire in advance if he would get access to such amenities before making a booking.
Rental Booking software
So the rental booking software can make things more pleasant.
The software would allow the booking of the office space and also select the
amenities that are required. For instance, a desk with two chairs, a printer,
and a whiteboard is your requirement. The software or App would allow selecting
the required office amenities and also provide payment options. Once you make
the selection and make the payment, you are good to go.
Thus rental booking software can be quite helpful in booking
spare office spaces or for you to share office space with someone in need.
Conclusion
I hope now you have got a clear idea of how renting your
spare office space can benefit you and how rental booking software can help you
with this.
However, if you still have any inquiries regarding the same,
please feel free to reach out to us.
by Rentcubo | Sep 17, 2020 | Rental business ideas
As of now, many are looking forward to becoming successful
entrepreneurs all over the world. In today’s world, launching a business and
reaching the targeted audience is not a complex task. This is easily possible
with the help of several latest technologies.
When it comes to businesses, most of the business persons
want to attain profit without any investment. However, many of you may doubt whether
it’s possible or not. Right? Well, it is possible through rental boat services.
In the field of rental services, several established firms
are there. This business is a clear example of attaining great profit without
investments. Thus, in this article, we are discussing the boat rental business
and the benefits of using boat rental software in it.
First of
all,
Why Boat Rental Software is Necessary for Business?
The boat rental business is one of the profitable business as it has a high demand. You can rent varied types of boats. Not only this, but also can hire out your boats to tourists, fishermen, and people who are in search of these services.
Next,
Benefits of Using Boat Rental Software
Reduces Workload
With a boat rental management software, you can auto ensure
that the bookings are possible only when you have availability. Moreover, you
can also ensure that you are receiving all the necessary information about the
guests. This will help you save the time you require for asking information.
The software also allows you to send an automated email to
the customer as a booking confirmation.
Management
Having the best boat rental management software can help you
manage your boats listed. Along with this, it also helps you in managing the
details of the trip and users as well.
The robust data system collects, categorizes, and securely
stores it.
Connectivity
Attaining the best and quality service is easy with the help
of a boat rental software. With this software, you can connect the borrowers
and boat owners easily and quickly.
24/7 Working
If you need the boat service, you can book the boat for rent
anytime by contacting the boat rental service providers. It is because online
rental services can work 24/7. This, in turn, will increase your sales.
As per the studies, having a boat rental reservation system
for 24/7 drastically boosts the number of reservations.
No Manual Workload
Boat rental management software lessens the workload and
enhances customer experience. With this platform, you can ensure that all the
bookings are synchronized. Not only this but also can make sure that the
availability of the service is updated.
Fast Payment
When it comes to payments, most of the people prefer fast
transactions. Similarly, while hiring rental services, payments are made during
the time of booking. Thus, for great customer services, the payment should be
quick.
Conclusion
We hope now you have understood the benefits of using boat
rental software and how it will benefit the boat rental business. This software
enhances the entire boat rental system, which in turn helps the service
providers in taking their boat rental business to the next level.
Additionally, if you need any more information, feel free to reach
us.
by Rentcubo | Sep 17, 2020 | Rental business ideas
Managing your vacation rentals or any business remotely has become the need of the hour. Today the entire world is affected badly by the pandemic named Covid-19. Everything has changed due to this pandemic. This pandemic has affected several people, as well as business worse.
This scenario has made people getting adapted to a virtual living style. Not only just people but also the businesses are adopting the virtual side.
Managing Vacation Rental Home
Though there are many businesses, here we’re focusing on vacation rental homes. Many vacation rental homeowners are facing difficulty in managing their rental businesses remotely. In this scenario, keeping your home booked is quite difficult as flights and trains are canceled, and borders are closed.
However, every business is slowly coming back to their routine schedules. When it comes to managing rentals, vacation rental owners can use the vacation rental management software. With this software, the owners can manage the vacation rental home remotely.
Now, here we’re explaining certain tips including, rental software that can manage the vacation rental business remotely.
Have a look.
Prepare a plan
In today’s world, you must be prepared for difficult situations. Having a lockdown plan will help you to act quickly as per the situations. Know your priorities and make a list of it so that you don’t have to get worried in the middle of any situation.
Now, in this pandemic situation, you’ve to decide on the
structure of your remote team. Not only this but also have to select the best
decision-makers. Having the best decision-makers will help you to work out your
plan easily when you’re working remotely.
Automation
As of now, the technology has developed a lot, and as a
result, most of the things have become automated. The automation system can
help the rental owners as well in managing their business.
If you’re a rental homeowner, installing the home automation
systems can be quite helpful. With this, you can control several home
appliances like AC, smart lighting, and much more. It will help you in
reassuring that all the lights and other essential things are switched off
after the guests leave home. With this, you can save unnecessary electricity,
as well as heating bills.
Rental Management Software
When it comes to managing a property remotely, it’s quite a
difficult task. However, with the rental management software, you can control
your property even if you are far away from it.
Having a rental management software can prove to be an asset for you to manage your rental business in this pandemic. Not only this but also can make use of tools for parking management. When it comes to parking, you can use parking management software.
Security
The security of your home is very important when managing the
property remotely. When it comes to the security of your home, there are
certain things that you can use. This includes surveillance cameras, burglar
alarms, and motion sensors.
You can connect these systems to your PC or mobile. As a result, you will get the notifications instantly if the alarm is triggered. When you get the notification, you can check the cameras live.
However, you have to inform your guests about the cameras in advance.
Get a Trustworthy Housekeeper
Managing your vacation rental home remotely is quite a
difficult task. It’s because you’re the one who is responsible for arranging
the home before your guests arrive.
When it comes to managing the home, many homeowners said that they hire the perfect cleaning company. Seeking help from a great maid service is an asset for every homeowner who wants to manage their rentals remotely.
Respond to Your Guests Quickly and Accurately
Being online is one of the most important things for every
rental homeowner. You must respond quickly to the inquiries of your guests so
that you can meet all their requirements when they are staying at your rental
home property.
When it comes to dealing with booking requests, you must be
aware of the time zones of your guests. It’s because there are situations when
your guests call you at the time when you’re not awake.
If you want, you can make the booking process easy for
customers by enabling them to do “instant book”.
Marketing
Marketing is very important if you’re managing the property
from a far distance. However, this is not a big deal, as there are many marketing
techniques. You can market your business by listing on OTAs, email campaigns,
promoting your business via social media, having a website, etc.
Final Words
Managing your vacation rentals remotely may be quite a
difficult task at the start. However, if you follow the above-mentioned tips,
then you can perform the process quickly without any hassle. With
this trending tools and technologies, managing vacation rentals remotely can be
an easy process. Moreover, upgrading the necessary tools will make your rental
home more safe and elegant.
by Rentcubo | Apr 15, 2020 | Blog, Car rental business ideas, Rental business ideas, rental business plan
Traffic congestion is something that each and every one of us despises. The primary culprit is again the US. With an increased number of cars on the road, average travel time increases many folds, thereby increasing the cost of maintenance. One of the effective ways to tackle this problem is the car rental platform. One may ask- how? Most of us do not use our cars on a daily basis. For such scenarios, we can rent a car if and when required. Other than monetary benefits, it also gives us peace of mind by not needing to worry about the maintenance of owning a car.
Renting a car usually involves renting a car from a car rental company by answering a few questions related to one’s needs and budget. One of the main factors that are considered is when one needs the car and for how long. Based on the budget and availability of cars, one can select a car of their liking. A background check is then done on the driving history and insurance for safety measures.
The Car rental system will have a booking volume that includes- travels booked by the users from selected regions or even independent departure and arrival of travelers. This will take into account time-based rentals from professional car rental services. The sharing of resources in modern times is seen as the way forward for many industries. From office space to transport, this is seen as the most efficient way forward in utilizing the limited resources available.
Digitization is the key mantra for industries of today. Everybody is moving swiftly to digitize their businesses. Car rental business software is the best B2B (Business to Business) software to rent cars.
Revenue in this particular sector is shown to have a steady growth of 3.6% annually which
amounts to US $94,764m in 2020 alone.
- The average revenue per user (ARPU) currently amounts to the US $199.51.
- The United States of America generates the most revenue in terms of global comparison.
- By 2024, the number of users is expected to amount to 568.5m.
But there are some disadvantages to car rentals. Some of them are as below:
- The car can’t leave the country borders.
- While returning the car, you must return to the same place from which the car was picked. Otherwise, there may be a penalty levied for changing the place of delivery.
- Condition of the car to be the same as when availed. Else a penalty will be charged.
RentCAR is the best car rental software in the market, we provide a customizable Car rental script which is not only built with the latest technologies but is also easily scalable to concur the market space. The process of handling fees and the selection of cars becomes that much simpler. The success of a car rental business software lies in the ease of use of the website for customers. RentCAR is exactly that, giving a great sense of customization and scalability where the renter can choose a car that best fits their needs and budget.
Managing a booming business is always a tough ask. Digitization of the same is that much tougher. With RentCAR, we get car rental management software which is a one-stop shopping cart for all car rental needs. With RentCAR, one can expect safe and secure transactions that are customizable. We provide a user-centric and friendly interface that makes the process of renting a car smoothly. RentCAR has a plethora of collections of economical cars that fit the budget to a tee.
Why is RentCAR the best car rental software? Below are some of the advantages we provide:
- Multiple and dynamic pricing :
We offer a variety of pricing packages for cars with the option of self-drive, thus making your car rental business unique. There is also an option to apply prices dynamically if the drive extends beyond the package using the car rental script. - Record management:
It is mandatory for the renter to manage all the related documents on the platform before they onboard. - Navigation, tracking, and overtime policies:
With the help of Google maps integration, the navigation and tracking are real-time keeping everyone involved in the loop about the whereabouts. And as mentioned earlier dynamic pricing is a custom policy that could be created to implement overtime policy. - Reviews:
Like all successful businesses, RentCAR takes customer reviews earnestly as a barometer to improve the services we provide. It also gives the customer a sense of their peer’s adventure with us.
