Ecommerce Rental Software

1
Ecommerce Rental Software
Email id contact_at_trawex.com
2
What is a Rental Marketplace?

• A rental marketplace is an online platform where
  users can rent various types of properties from
  each other or from a platform itself (see the
  types below).
• P2P (peer-to-peer) platform with a mediator.
  Users owning property get an additional income,
  other users (renters or tenants) get an
  opportunity to rent this property and save money,
  and a platform itself gets a commission for
  connecting the two.
• B2C platform. The platform itself offers
  products, and users can rent them out (the system
  works similar to the e-commerce model)

3
Important features you should consider including
in your marketplace

• User Profiles-
• Profiles/accounts are an absolute necessity as
  without them you cannot rent goods to customers.
  They contain a customers personal information
  such as name, pictures, address, payment options,
  and anything else the marketplace deems
  necessary. They also promote security and trust
  between the renters and the rented.
• Easy Listening-
• It is very important to create a listing feature
  that is not too complicated. Otherwise, renters
  wont bother to create listings and without a
  respectable number of offers, they will look
  elsewhere for solutions.

4
Location-The requirement of this feature depends
on the kind of marketplace youre trying to
build. If its something like a car or bike
renting marketplace, a map feature will enable
customers to hunt for products in their preferred
location.Booking Management-Booking management
allows a multitude of advantages. Firstly, it
allows service providers to manage listings and
make them available for future rentals. Secondly,
customers can decide based on availability. As a
result, providers wont receive double bookings
which in turn reduces the cancellations, thereby
improving the marketplace experience. Reviews
and Feedback-Reviews go a long way in securing
the users trust. They are not buying an object
they are renting something which someone has
already used. Reviews create an atmosphere of
trust, ushering users to seal the deal.
5
How to Get Started with your Rental Marketplace?

• Idea Generation Youll require an in-demand idea
  that solves problems and is valuable to your
  target customers. For instance, Get around banked
  on the problem that every American needed a car
  to get around. But a lot of these cars were not
  used efficiently as they would often sit and
  collect dust in the owners garage. Instead of
  letting a car sit in the garage, they designed a
  way for car owners to generate passive income,
  while helping others in need, in an eco-friendly
  way nonetheless.
• Business Model Some marketplaces charge a
  listing fee. Others offer premium services inside
  various subscription packages. Also, there are
  others that generate revenue based on a
  commission basis. Simply put, there are various
  ways you can generate income from your
  marketplace. However, by only choosing the right
  combination can you ensure a successful and
  prosperous future for your online venture.

6
SourceHow does a rental marketplace operate? We
cannot build individual components of a
marketplace without knowing the requirements
first. All marketplaces follow a basic
workflow.Search- The user/customer searches for
a listing based on location, availability, and
booking dates.Results- The platform lists
possible options alongside fees, renting charges,
and other terms and conditions.Booking- Once
the customer has decided, they pay a rental fee
to the marketplace to rent the goods.Confirmatio
n- After confirmation, the customer proceeds to
receive the said goods on a predetermined date.
7

• Approval- The service provider now has the option
  to either approve or reject the rental request.
• Payment- The marketplace can either pay the
  service provider as soon as the customer makes
  the payment, or hold the funds until the rented
  has received the goods. The payment system varies
  among different marketplaces.
• Return- At the end of the rental period the
  customer returns the goods (or it gets picked up,
  depends on the online marketplace business
  model).
• Rate Review- The customer and the service
  provider rate each other based on their
  experience.

8
How To Make Money With An Online Rental
Marketplace ?

• Commission
• The most widely-used and most well-known model in
  sites like Airbnb. The renters payment consists
  of two components rent plus commission (a
  percentage of the rent).
• Payment for a listing
• Product owners pay for the listings publishing.
  Its a good option if you attract many owners to
  the platform or if there is a wide variety of
  products.
• Selling ad space
• You may include advertising blocks in the
  websites interface and sell them to the
  companies promoting their offerings. Its better
  to collaborate with businesses somehow linked
  with your main offering (for example, bicycle
  riding events on the bike renting platform).

9
Benefits of Our Booking and Rental Marketplace

• User Management
• Every customer and vendor can manage, maintain,
  and operate their rental, delivery, reviews, and
  more.
• Admin management
• Without any technical knowledge, the admin can
  handle and manage the rental marketplace platform
  easily
• Advanced filter and search option
• The registered user can search the rental
  products by city wise, category and subcategory
  and filter by ratings, and many others.

10
Social Media IntegrationThe Customer can give
genuine feedback and can know about services
information through our social media
integration.Secure Source CodeTrawex
marketplace platform is built with PHP with 100
source code and is more secure to use.Easy
customizationThe code of the website can be
customized according to the client goal and
business needs
11
Contact
Us For more details, Pls
visit our websitehttps//www.trawex.com/rental-
business-portal-solution.php
Email id contact_at_trawex.com