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Many entrepreneurs and startups are very enthusiastic about the rental marketplace idea since millions of users are using the marketplace as a daily part of their life. Also, billions of dollars are being transacted across the world and a huge sum of money is earned as commission fees by the marketplace owners. It triggered budding entrepreneurs to jump into this sharing economy stream.<br>For more info visit: https://www.rentallscript.com/online-marketplace-business-models/
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FIND THE RIGHT BUSINESS MODEL FOR YOUR RENTAL MARKETPLACE RADICALSTART INFOLAB
IN THIS POST, LET ME GUIDE YOU TO KNOW ABOUT THE DIFFERENT RENTAL MARKETPLACE BUSINESS MODELS AVAILABLE RADICALSTART INFOLAB
1. COMMISSION BASED THIS IS ONE OF THE BEST WAYS TO EARN REVENUE FROM EACH AND EVERY TRANSACTION OCCURRING ON THE MARKETPLACE PLATFORM. RADICALSTART INFOLAB
TWO TYPES OF COMMISSION- BASED FEES 1. FIXED FEES 2. VARIABLE FEES RADICALSTART INFOLAB
2. SUBSCRIPTION BASED A SUBSCRIPTION BUSINESS MODEL IS THE ONE IN WHICH CUSTOMERS PAY A FIXED AMOUNT OF MONEY ON FIXED TIME INTERVALS. RADICALSTART INFOLAB
3. LISTING FEE IN THIS, THE REVENUE CAN BE EXTRACTED FROM THE LISTING OF RENTALS. THE VENDORS HAVE TO PAY THE FEES TO LIST THEIR OFFERINGS IN THE RENTAL MARKETPLACE. RADICALSTART INFOLAB
4. LEAD GENERATION FEE THIS METHOD GIVES A BETTER VALUE PROPOSITION THAN THE LISTING METHOD BECAUSE THE PROVIDER HAS TO PAY ONLY WHEN THEY GET IN TOUCH WITH THE POTENTIAL CUSTOMER. RADICALSTART INFOLAB
5. FREEMIUM SERVICES THE FREE PRODUCT'S USERS HAVE LIMITED ACCESS TO THE FEW FEATURES THAT UNLOCKED WHEN THE PERSON BUYS THE PAID SERVICES. RADICALSTART INFOLAB
STILL, YOU ARE STRUGGLING TO FIND OUT THE RIGHT BUSINESS MODEL FOR YOUR BUSINESS? GET IN TOUCH WITH EXPERTS AT SUPPORT@RADICALSTART.COM RADICALSTART INFOLAB