Rent Like A Champion is a forerunner to AirBnB having been launched two years before the company was created. The major goal of this business venture was to allow homeowners in college cities with big-time football programs to post their homes on the Rent Like A Champion website when they were ready to rent them out.
Those who wish to spend their weekend watching this major football event can go to this specific website and make a reservation. People who agree to rent from a property must sign a contract, pay for the rental, and give details about their rental, such as check-in and check-out times.
One of the most significant advantages of Rent Like A Champion is that large groups of people may remain in a single place rather than being dispersed throughout the city in multiple hotel rooms, which are sometimes scarce during game days. Rent Like A Champion made money by employing several flexible practices, such as requiring homeowners to pay a 15% commission to Rent Like A Champion, plus a 2.9 percent credit card processing fee, etc.
Following that, there were other appealing plans for luring homes, such as a full-fledged insurance scheme in the form of a $1,000,000 liability and structural damage coverage. As well as the $5,000 for included material in each rental property.
It was a source of extra revenue for the homeowners who were expecting an average of $1100 in rent for one weekend and could put their property on the internet as much as they wanted during football season. This method of business has created a significant departure from traditional business models, and it has grown in favor of this modern era.
When Rent Like A Champion first launched in 2006, the founders were providing a solution to one of the most common problems faced by football die-hard fans. When they have to watch a football match, they frequently have to travel long distances, and once they arrive, the massive threat is finding a suitable place to stay. A substantial proportion of the populace was able to find suitable lodging because of the outstanding ideas of the Rent Like A Champion team.
Airbnb Business Concept
Airbnb is a marketplace, which is web-based, that links people looking for a place to stay with people who want to rent out their homes. This particular business venture is rapidly expanding due to its multiple benefits.
For hosts, listing their house on Airbnb is a fantastic method to earn extra money by listing their property and its tempting characteristics to a large number of potential customers.
Without a doubt, every home that is listed for rent is at risk of being damaged by the renters, and for the guests, the advantage of Airbnb rentals is comparatively inexpensive lodging with the risk that it may not appear exactly as the picture depicts.
There are many positive attributes for Airbnb such as adequate selection of properties, chargeless listings, hosts being free to set their price, prioritized searches, additional services, etc.
Present Scenario of Airbnb Business
Airbnb is the greatest marketplace to search for an appropriate place to stay because it lists a variety of properties – single rooms, suites of rooms, apartments, enormous castles, etc – on the Airbnb website. As a result, it gives customers an overwhelming experience because they may acquire information about any type of property.
Furthermore, hosts are not required to pay any fees to list their property on this website. Descriptions, photographs with subtitles, and a user profile where potential customers can learn more about the hosts can all be found in listings.
Besides, it is the sole discretion of the hosts to set the price, how much to charge per night, per week, or month for the property, which they intend to rent out. Subsequently, guests will get an exclusive feature of searching the Airbnb database by prioritizing their preferences. For example, they can search in Airbnb website sorting out by date, location, price, type, amenities, etc.
Airbnb has recently grown significantly by offering attractive options to its users. Despite providing information on the sort of lodging, people learn about a variety of topics relevant to that location, such as classes and sightseeing, popular restaurants to visit, and so on. Restaurant listings also include dependable and trustworthy evaluations from Airbnb hosts, which has proven to be a fantastic tool for attracting new consumers to Airbnb.
To recapitulate, Airbnb and ‘Rent Like A Champion‘ are the forerunners and leaders of this digitalized era, which has proven to be a huge success by providing an alternate perspective to established business models. The most interesting aspect is that whatever we can sell on the e-commerce site can also be rented. When ‘Rent Like A Champion’ launched in this technology era, they were the only ones with such a unique concept, renting out houses through software, proving that peer-to-peer rentals still have a lot of room for new entrepreneurs.
For every successful web or mobile application, there are several clone applications that provide a great value for money proposition. A decade ago, people did not have a clue about clone apps, but now, the tables have turned and an increasing number of people and business entrepreneurs are opting for clone apps.
Clone apps are essentially a replica of some of the most successful web and mobile applications. But they do not stop at merely being replicas, they go a few steps further by being more advanced, feature-rich, and user-friendly. In short, clone apps strive to be better alternatives to the original app at a lower cost.
The unique and competitive business model is what makes the clone apps highly desirable. The demand for clone apps is rather impressive as they are directly pitted against the original app.
In addition, clone apps give the business entrepreneurs the assurance of success as they are the replica of an already successful business model, but only better. With the increase in the demand for clone apps, there is a steady rise in the number of clone app developers providing a plethora of clone apps.
However, not all of them are best suited to meet the exact requirements of the clients and provide the best clone apps. While only a handful of clone app developers are competent enough to provide quality products, several clone app developers provide a shoddy product since they lack the experience and expertise.
Therefore, RentCubo, one of the leading clone app developers, provides you with the list of best clone app providers for popular websites. This guide will be extremely reliable and resourceful so read along and make no mistake in choosing the right clone app provider.
RadicalStart Infolab’s RentALLScript is one of the best clone script solution providers. RentALLScript’s clone scripts are built with cutting-edge technology to help you grow your business. RentALLScript uses some of the state-of-the-art technological tools such as ReactJS, Flutter, NodeJS, and Graph QL.
Some of the products of RentALLSrcipt are:
- RentALL – Airbnb clone
- RentALL Cars – Airbnb clone for cars
- RentALL Space – Storage space rental script
- Wooberly – Uber clone
- WooberlyEats – Ubereats Clone
RentCubo is the brainchild of CodeGama LLP, and it provides white-labeled comprehensive rental marketplace solutions. RentCubo offers highly customizable clone scripts to meet the exact requirements of the clients. The company is renowned for its cutting-edge tech stack, which results in the highest quality clone apps with top-of-the-line features and functionalities. RentCubo’s product list includes:
Onlyfans is a successful subscription-based social media networking site, and FansForX is the best-in-class Onlyfans clone script provider. The indigenous company and its tech team are experts at developing proficient Onlyfan clone scripts and specialize only in providing the Onlyfans clone app.
Since FansForX does not foray into providing multiple products, it is the best Onlyfans clone app provider in the market. The company’s great attention to detail, impeccable development process, and trailblazing tech stack make it a formidable Onlyfans clone app provider.
Bootsgrid is a software development company that offers a variety of clone products to assist small businesses in going online. It is one of those few software development companies that develop clones of distinct apps such as:
- Magento Development
- WordPress Development
- Payment Integration App Development, etc.
These are the best four clone software developers available in the market. Although they might seem intertwined, each clone software provider develops and deploys different types of clone apps with very few similar products. It will be best for you to inquire with each of the clone app developers, have a clear understanding of their complete work process, and then choose the right one for you.
Smart parking the load up system is a clear, beneficial, and down to earth technique for effectively operating control over parking spaces in settings such as supermarkets, shopping centers, gyms, business estates, hotels, public council-run land, and more. These machines are easy to introduce and give ease, easy to understand an experience that is consistently associated with the ANPR connected robotized installment framework. Dealing with a parking part is an unpredictable business. What’s more, a large portion of the parking part of the executives tasks is still directed physically, particularly in India.
The difficulties duplicate with multi-inhabitant parking parcels where a significant level of coordination and collaboration is required among the parking space suppliers or proprietors and their occupants. A couple of quick parking issues that need arrangement: following the vehicle and guest subtleties on section and leave, checking the left spaces, recognizing void openings and forestalling their abuse, incorporated admittance control, spotting approved and unapproved parking, installment issues, and some more.
The organization or the office administrators of parking spaces face these difficulties consistently. Parking parcel the executives was a significantly confusing business. Also, more significantly, no total parking arrangement existed that could mechanize these cycles. Some independent equipment and fundamental programming exist for facilitating a portion of the staggering parking issues. Yet, none that settled all the parking issues via mechanizing parking the board start to finish.
Before we examine the sort of parking arrangement that can settle parking the executives issues, let us first Glance at the issues.
It’s everything actually done physically
Does the vehicle have a place with an approved staff? Is their pass still substantial? Imagine a scenario in which an uncommon visitor who has no substantial pass needs to leave their vehicle. Is there enough void spot? Has the person been charged suitably? These are only a couple of the watches that the parking staff needs to lead physically every time a vehicle enters or leaves the parking entryways. The entire cycle is awkward and blunders inclined, prompting numerous disappointed parking or office supervisors and visitors.
Erroneous account of information
Since the greater part of the information is caught
physically, it will undoubtedly be off base. Transcribed paper parking tickets
are given. These are again inclined to misfortune and control. Paper registers
are loaded up with subtleties of the vehicles making sections and exit from the
parking door throughout each and every day. How would you even start to recover
information from these registers when the need emerges? It’s almost
Bothered safety officers
Most aspects of the parking space tasks rely upon the truthfulness and sharpness of the faculty positioned at the parking parcel. However, envision an individual following, checking, and recording vehicle and space subtleties on an hourly premise all day every day. It is ridiculous to anticipate that the group should do mistake-free and smooth work regardless of how proficient the individual might be. A human brain can deal with just so much data given a restricted time. Additionally, expanding the quantity of staff builds the expense of workers without a proportionate increment in proficiency.
Lines at parking parts, particularly during times of heavy traffic, are a typical sight. Since the parking faculty requires some investment in checking and confirming the passes and vehicle subtleties. The hour of visitors and clients are additionally squandered. This prompts a negative client experience. Business parks, for instance, that give an awesome encounter, in any case, ought to be stressed over the experience of their visitors in the parking parts.
Worker cost and overheads
Putting resources into the correct arrangement, one that settles the useful issues looked at via vehicle parking part proprietors and staff, will be far more practical over the long haul.
Mistake free installments influence the bottom line emphatically
The expansion in productivity because of introducing the correct parking the board framework against employing more workers is exceptional.
The Right Parking Management System
Ideal parking the board arrangement is a coordinated framework that illuminates parking the executive’s issues from both equipment and programming viewpoint. It computerizes the whole framework from section to exit and kills every single manual cycle – an errand that requires an elevated level of collaboration and coordination.
Programmed section, no manual check
A smart vehicle parking framework perceives whether a vehicle is approved for a parking space. The RFID tag on the vehicle permits the vehicle passage at the parking door through a blast hindrance that consequently opens. A robotized parking framework additionally perceives all classifications of guests – staff, guests, unique visitors, and so forth – and assigns a space appropriately in seconds dependent on the accessibility.
Moment pay-and-park tickets
In the event that the individual in the vehicle is a guest, the person would get an auto-produced restricted pass that could be QR code-based. The smart parking framework will naturally allocate the guest with a parking space that is held for pay-and-park vehicles.
No blunders, get total reports
A smart parking framework kills all paper-based work – be it
parking tickets or paper registers. Mistakes in installments become a relic of
times gone by. Parking space suppliers can have confidence that all information
is naturally caught and put away in an incorporated framework. The framework
can likewise give helpful reports that are available to the administration
Ideal space usage
Since all openings are pre-dispensed and pre-saved for explicit inhabitants – their staff, guests, visitors – or other special purposes, space use is ideal. The interest and flexibility of space are entirely adjusted on the grounds that spaces and openings are pre-allocated in a mechanized parking framework.
Cautions and alarms
Any unapproved utilization of a parking spot can set off
cautions. The parking faculty can take the proper choice on schedule. A
robotized vehicle parking framework can likewise give moment tickets if there
should arise an occurrence of any standard infringement in the parking
Fulfilled clients and visitors
A significant objective of any cycle improvement is consumer loyalty. Parking the board framework that effectively deals with the parking parcel prompts upbeat clients. All-out destruction of the confusion at the parking part would prompt upbeat guests, inhabitants, and staff. It’s a success win circumstance for all. Keeping the complex problems in mind, Rentcubo’s Rentpark is a smart parking solution for all complex problems that a parking management system endures.
If you would like to know more or have any questions please feel free to reach out to us at firstname.lastname@example.org.
Coworking spaces are quickly gaining momentum across the globe for a couple of years. The concept of shared office spaces has been in the market for a while, but its popularity has been rising in recent years with entrepreneurs and freelancers looking for dynamic and flexible workspaces. Coworking spaces have disrupted the traditional work environment and are emerging as a rapidly growing sector and are expected to continue in 2020 as well. According to Statista, there will be over 22,400 coworking spaces by the beginning of 2020.
Coworking spaces are shared office spaces that allow both individuals and businesses to share the office space and resources like desks, meeting rooms, and collaborative areas. With the rising demand for coworking spaces among people, more and more brands are entering into the coworking space marketplace business to make it easy for people to find and book coworking spaces. But how much does building an Airbnb for coworking cost?
If you are looking for different ways on how to start a coworking marketplace, you are at the right place. In this blog, we will discuss the cost to create a coworking marketplace, its business model, essential features, and other factors that influence the overall cost.
The business model
Basically, coworking space marketplaces work exactly like Airbnb. While Airbnb is a peer-peer marketplace that connects travelers and hosts, coworking space marketplaces connect shared office space providers and businesses looking for shared office space rentals.
Just like Airbnb, coworking management software is also made for a mass market that connects different markets- Coworking space owners and entrepreneurs or freelancers through customized user experiences. When it comes to the revenue strategy, the platform makes the money from the commission for hosting listings and renting from each booking. For example, Airbnb takes a hosting fee of 3% and a rental fee of 6%-12% for each booking. While the basic revenue model of a peer-peer coworking management software is the commission model, you can employ other monetization strategies like premium listing, in-app purchases, etc.
The Cost to set up a coworking marketplace
Coworking marketplaces are complex and require a lot of work. The overall cost of starting a coworking marketplace depends on a lot of factors. Of course, the functionalities of the platform affect the overall cost. The good news is that there are cost-effective alternatives when it comes to building coworking marketplaces.
Let’s explore the factors that affect the shared office space cost.
Core features and functionalities
When you want to launch a coworking marketplace, it is important to differentiate between the core features and additional features of the platform. The coworking platform has three types of users- The coworking space owners, the renters, and the admin. The most complex part of development is in implementing the features for the service providers. Here are the common features and functionalities you must implement in your coworking marketplace.
To start using your coworking platform, both users (excluding admin) have to register and sign in. The basic option is to allow users to register using email and password registration. You can also allow social media signup to make it more convenient for users. Once the registration is done, users must be able to log into the platform.
Set up user profiles
After signing in, users must be able to create user profiles with their personal information like name, mail id, passwords, etc.
Coworking space owners must be able to list their shared office spaces in your platform with details like name, location, type, and images.
This is one of the important features of any coworking marketplace to help users find the right match. Your platform must have an advanced search system that allows users to search for coworking spaces based on location, availability, and various other factors.
The advanced booking system of the coworking space marketplace will allow users to check the availability of coworking spaces for a particular time frame. After inputting the desired date, the user must be able to see a list of suitable coworking spaces with all essential details like descriptions, photos, reviews, etc. Once a user makes a booking, the service provider will receive a notification and can choose to accept or decline the booking.
An in-app messaging system is essential to facilitate communication between service providers and renters to discuss things regarding booking a coworking space. This is an important feature that allows establishing trust between users.
If you are thinking about how to start a coworking marketplace business, this is one of the most important functions you must implement in your platform. Integrate a full-fledged online payment in your coworking space marketplace to make it easy for renters to pay for booked space and for service providers to receive payment for their rental services. The online payment system comes handy for users to make the payment on the go and for the admin to earn commissions from each transaction that happens in the marketplace.
Building a coworking platform
The most important part of launching a coworking business is to build a coworking marketplace. Building a coworking platform involves planning how to set up one. Do you want to build it from scratch or build the platform efficiently using a white label solution? These factors will play a major role in deciding the overall cost to set up a coworking marketplace.
Let’s cover the two alternatives and the cost involved.
• Building a coworking marketplace from scratch
• Building a coworking marketplace using a readymade script
Building a coworking marketplace from scratch
Creating a coworking marketplace from scratch is the most elaborate and costly method. The cost of starting a coworking marketplace depends on the unique requirements of your platform. There are a lot of aspects that influence the overall cost like the technical complexity, the number of platforms, the number of developers, standard or customized design, etc.
Each feature of your platform must be created and configured on both the client-side and server-side. The server-side tech stack is one of the significant and the most time-consuming part of the entire development process.
The overall cost to build an Airbnb for coworking space can range anywhere between $50,000-$100,000, or more depending on the average rate for a developer. Globally the price differs for an hour of developers and can range anywhere between $20-$500 per hour.
Building a coworking marketplace using a readymade script
Using a white label script to build your coworking marketplace is an efficient and cost-effective way to reduce the coworking space cost significantly. A readymade script is ready to deploy a program that helps to create a peer-peer rental marketplace with all the features and functionalities similar to Airbnb.
If you are thinking about how to start a coworking marketplace on a budget, a clone script saves you a lot of time, effort and yes, a significant amount of money as well. A good script comes with all features like powerful search, advanced filters, booking management system, communication system, online payment integration, multi-currency support, admin dashboard, and monetization features. And, all this will just cost you around $1000-$2000 alone with all the customizations you require.
Wrapping it up!
The trend of coworking space is increasing and is going to continue the same in 2020 as well. The cost of starting a coworking marketplace with a clone script is quite affordable when compared with the cost to build the marketplace from scratch. Building a peer-peer platform for your coworking space business is a better alternative as the work is already automated for you. You can customize it to incorporate any degree of personalization you require to make the final product unique.
Even with the high demand, there is a lack of an efficient coworking management software that connects two user groups to facilitate business between them. For the same reason, launching a coworking management software will always be a lucrative business.