How to Build a Profitable Online Furniture Rental Website?


Yorent

Uploaded on Oct 3, 2020

Category Business

The online furniture rental industry is estimated to rise at a rapid rate in the near future. Know how you can step in and establish your online furniture rental business.

Category Business

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How to Build a Profitable Online Furniture Rental Website?

How To Launch A Successful Online Furniture Rental Business? Table of Contents 1. Why is Furniture Rental Rising? 2. Business Model - Online Furniture Rental Website 3. Top Furniture Rental Websites 4. Revenue Generation Channels - Online Furniture Rental Business 5. How To Start An Online Furniture Rental Business? Why is Furniture Rental Rising? Millenials prefer to Working professionals like travel light while to be on the move and moving to new places prefer easy rental options 01 Minimalism 03 Digital Nomads 05 Home Offices 02 New Design 04 Sustainable People are setting Consumers look Consumption up comfortable out for fresh looks Environment Conscious workspace every season customers prefer short term rentals Population Distribution in U.S. by Generation As per the Statista survey, millennials constitute about 22% of the population in U.S. Population Distribution in U.S. by Generation Image Source : Statista.com Work From Home Economy As per the Stanford research, 42% of U.S. labor force are working from home full time. The Future of Online Furniture Rental Industry As per PWC survey, global sharing economy will surpass $335 billion by 2025. The Future of Online Furniture Rental Industry Selling Renting Image Source : Cleantech.com Entities in a Furniture Rental Website 01 01 02 Admin Customers Direct Business interaction with Owner online furniture rental website 03 Revenue Generation Channels - Online Furniture Rental Website Rental Income Pay Per Click The primary source of Website owner invites revenue, where owner brands to advertise earns money by renting their products/services out their furniture on the website Affiliate Marketing Website owners can earn commission by referring customers’ to an affiliate partner’s business Top Furniture Rental Websites Headquarter Founded In Funding CORT Virginia, U.S.A. 1972 $512 Million BROOK FURNITURE Lake Forest,IL 1979 $7 Million RENTAL LIVE FEATHER New York, U.S.A. 2007 $7 Million How To Start An Online Furniture Rental Business? Ready Made vs Bespoke Software Solutions Ready-Made Solutions Bespoke Software solutions Incorporate all the key features Highly tailored to business needs Easy to set/configure Considerably costly Save time/cost Long development process Ease of use Increased reliance on developers Ample technical support Lack of flexibility & business agility Yo!Rent - A Ready-Made Online Rental Solution Developed by FATbit Technologies What Makes Yo!Rent a Go-To eCommerce Furniture Rental Website Solution? ❏ ❏ 15+ in-built payment gatewaysSelf hosted ❏ Advanced reporting & analytics ❏ ❏ Lifetime license with one-time cost Fully customizable & scalable ❏ ❏ Multiple revenue channelsHighly secure ❏ ❏ Full source code ownershipIntuitive UX ❏ Powerful mobile apps Key Features & Benefits of Yo!Rent Yo!Rent is an industry-leading solution to start your online furniture rental business. Here are a few reasons why: FEATURES BENEFITS Renting & selling option One-time cost & lifetime license Smart recommendation Flexi payment option Real-time stock availability Free one year technical support Catalog management Free installation Order management Free demo Get A Closer Look With FREE Demo Multi-Vendor Platform Single-Vendor Platform Front End Front End Admin Admin Seller/Vendor Consult Our Experts www.yo-rent.com [email protected] | +1 469 844 3346