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The online furniture rental industry is estimated to succeed at a rapid rate in the coming years. So, try and understand the business model, revenue model, key players, and various pre-requisites to launch your online furniture rental business.
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How To Launch A Successful Online Furniture Rental Business?
Table of Contents • Why is Furniture Rental Rising? • Business Model - Online Furniture Rental Website • Top Furniture Rental Websites • Revenue Generation Channels - Online Furniture Rental Business • How To Start An Online Furniture Rental Business?
Home Offices People are setting up comfortable workspace New Design Consumers look out for fresh looks every season Minimalism Millenials prefer to travel light while moving to new places Digital Nomads Working professionals like to be on the move and prefer easy rental options 01 03 02 04 05 Sustainable Consumption Environment Conscious customers prefer short term rentals Why is Furniture Rental Rising?
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.
As per PWC survey, global sharing economy will surpass $335 billion by 2025. The Future of Online Furniture Rental Industry
The Future of Online Furniture Rental Industry Selling Renting Image Source : Cleantech.com
01 03 01 02 Admin Business Owner Customers Entities in a Furniture Rental Website Direct interaction with online furniture rental website
Revenue Generation Channels - Online Furniture Rental Website Rental Income Pay Per Click The primary source of revenue, where owner earns money by renting out their furniture Website owner invites brands to advertise their products/services on the website Affiliate Marketing Website owners can earn commission by referring customers’ to an affiliate partner’s business
How To Start An Online Furniture Rental Business? Ready Made vs Bespoke Software Solutions
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 gateways • Advanced reporting & analytics • Lifetime license with one-time cost • Multiple revenue channels • Full source code ownership • Self hosted • Fully customizable & scalable • Highly secure • Intuitive UX • Powerful mobile apps
Key Features & Benefits of Yo!Rent Yo!Rentis an industry-leading solution to start your online furniture rental business. Here are a few reasons why:
Get A Closer Look With FREE Demo Front End Multi-Vendor Platform Single-Vendor Platform Admin Front End Admin Seller/Vendor
Consult Our Experts www.yo-rent.com sales@fatbit.com | +1 469 844 3346