We Are Building Something New, Here's Why It Matters for The Rental Industry

Over 70% of customers start their rental search online. Is your business capable enough to target them? We are building something to help you take the big leap. 

The rental industry has grown significantly in the last few years, spreading into diverse niches, including equipment, automobile, fashion, furniture, party supplies, outdoor gear, and more. However, in all these industries, one behavior is common: the influence of e-commerce. 

Today, customers prefer convenience in bookings. They expect an online experience where your rental business can accept 24/7 advanced bookings and provide timely support. Businesses that are able to catch up with online trends reap the benefits, whereas those who remain confined to the traditional brick-and-mortar methods stay behind.

We decided to change that for once and all. Our experts decided to launch Rentify, a free-of-cost SaaS software aimed at helping rental businesses launch captivating rental stores that convert. Let us learn more about the online rental industry and how Rentify will help.

Rise of Online Platforms in the Rental Industry

Rentify is the vision of our CEO to help all rental businesses bridge the gap between offline to online via the most cost-effective way. After the launch of eCommerce solutions like Shopify and BigCommerce, global industries witnessed a shift towards digital. The rental industry also wanted to capitalize on the same, but did not have an appropriate solution.

Then came many rental software platforms that revolutionized the way people rent. Many large players, such as Turo, Budget Rentals, United Rentals, AirBnb, and RVShare rode on the digital wave. Inspired by their online platforms, other rental businesses decided to go online and enjoy the following benefits:

1. 24/7 Advanced Bookings

Rental businesses don’t have to be present at their stores or answer odd-hour phone calls. Instead, they can upload their entire rental inventory on the online rental store and accept 24/7 advanced bookings with an online calendar. The calendar also prevents double bookings and improves accuracy.

2. Lower Operational Costs

Operational costs etch away a huge chunk of profit margin, which is important for any business to reinvest in growth. By automating operations, such as taking rental orders, invoicing, inventory management, and shipping, rental solutions can help businesses lower the overall operational costs. Furthermore, on online stores, businesses aren’t required to manage visual merchandising as well.

3. Build Online Presence and a Solid Brand

It is difficult to compete with online brands that have a wide reach and can collect feedback and reviews. By going online, traditional businesses can also increase their reach, online presence, and build a solid brand image. You can compete with other online players with the help of SEO and attract their customers to your store.

4. Unlock Funding Aspects

Investors look at every business from a scalability and longevity point of view. They prefer long-term returns over short-term gains. Technology-based businesses offer the best of both worlds. They help businesses keep up with the changing trends and are able to attract a large number of users. Thus, with an online business model, rental businesses can also unlock diverse funding aspects.

5. Offer Better Customer Experience

Customers want everything to be available at the tip of their fingers. They prefer comfort and convenience over anything else. With easy and online access to your inventory through smartphones, you can offer a superior customer experience and build brand loyalty.

How Rentify Will Help?

Rentify is an upcoming online rental software from FATbit Technologies. We already have a separate rental marketplace solution and understand the key rental challenges that businesses face in streamlining operations.

Apart from the marketplace audience, we studied the single-vendor rental market, particularly the problems of SMBs and startups to identify the gaps that traditional rental software fails to bridge. These include hefty recurring charges, a complex interface, and poor customer support. 

Basically, rental businesses wanted something fast, simple, and reliable to launch their rental stores without adding the additional costs of never-ending monthly subscriptions.

We listened to their call and came up with Rentify. 

1. Feature-Packed Yet Simple

The cluttered interfaces of traditional rental software not only steepen the learning curve but also remove the excitement of renting products online. Rentify offers state-of-the-art features without complicating the platform. Some key features of Rentify are:

• Booking Calendar

• Order Management Calendar

• Tiered Pricing

• Hourly Booking

• Featured Products

• Returns Management 

• Inventory Management

• Request for Quote Module

• Theme Management

• Media Gallery

• Staff Accounts 

• GDPR Requests

• Ratings and Reviews

• Delivery Charges Management

2. SaaS and Scalable

Normally, both these terms contradict each other, as SaaS solutions are rarely scalable. They set you up in a trap of never-ending subscription charges that are designed in a way to encourage you to upgrade your package if you want business growth. However, with Rentify, this is not the case. It will be available totally free of charge, and you can upload a large number of listings to grow your business.

3. User-Friendly to Next Level

Rentify will be one of the most user-friendly rental software solutions available in the market. It will come with a highly intuitive interface, using which you will not require you to peek into user manuals. Its clutter-free design will also simplify the management.

4. Theme and Customization

Rentify will come with multiple industry-specific themes to help you stand out. The visual appeal that Rentify-powered websites create outmatches those of all traditional solutions. You can customize the theme, including the color schemes, font, font size, media, banners, landing page structure, and more, as per your own business preferences.

5. Hourly, Daily, Weekly, and Monthly Rentals

Rental operations are of numerous types. Rentify supports them all. From one-day adventure rentals to monthly automobile rentals, Rentify has an advanced booking calendar and smart invoicing system to support them all. 

6. The Trust of FATbit Technologies

Lastly, Rentify will come with the trust of FATbit Technologies, the same company with over two decades of experience in empowering digital businesses and the founder of other successful eCommerce solutions, including Yo!Kart, Yo!Rent, Yo!Coach, Growcer, Vivocabs, and Tribe. In the past, FATbit has delivered 5000+ projects. With Rentify, the next project can be yours at zero cost.

When to Expect the Release?

Rentify is in the final stages of development and will be out soon. For an estimate, you can consider its launch within a short 1-2 month period. However, you are invited to an early registration for Rentify. Those who register now will be notified ahead of its official launch and can also help us improve the software by suggesting new features. 

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