Are you interested in
starting an online equipment rental business in 2018? Read our article to know
more about current industry trends to succeed in the rental business.
About equipment rental business
Equipment rental business is advanced and scalable rental business offered with equipment rental software. With the efficiency of equipment rental software, you can build and manage your own ecommerce platform for renting all kinds of equipment tools.
Rental marketplace solutions such as Airbnb clone script can offer a platform to build an online equipment rental website. With the same business logic of Airbnb, you can develop a marketplace for types of equipment to rent for a specific period of time.
Key features of online equipment rental business
The following features will help you to learn about online capabilities to develop better user experience.
Online rental reservation capabilities
Offer the ability to reserve the equipment online. Nearly ¾ of customers told that online reservation capabilities positively impacts on overall rental experience. More customers expect the ability to reserve their equipment online and rental businesses that don’t offer the ability to risk falling behind the competition.
Both browsing and reserving rental equipment inventory marks the beginning of customer experience.
Digital rental agreements
Renters must sign off on rental agreement /contract before acquiring their equipment.
Ability to generate agreements online and give customers a means to electronically sign them is the second most impactful online equipment rental feature.
Online secured payments improve equipment rental experience
The ability to make payments online is the third most crucial capability for online equipment renting marketplace.
Customer’s most preferred online rental features address primary stages of the rental customer journey
Your newly built equipment rental software must include the above-mentioned industry trends. We help you to develop your own equipment rental software, share your business ideas with our technical team and get a free quote for your rental software.