Why do you need an online rental software?
The world is evolving, and so should your business. As you can see, day by day, more and more people choose to take their business online, so they can reach more people and have a better way of managing their activity. If you are not online yet, for sure you are wondering why do you need a rental software and how it can make a difference in your success. Let’s find out!
You will have everything in the same place
Alright, we know how tricky it can be to manage a business and to keep everything organized. There are documents from last week all over your office, there’s files from Christmas that you need to go through under your desk and you can’t really remember where is the paper with the contact details of the clients who did not bring their rental back last week. I bet it sounds familiar, right?
Well, when you use an online rental software, everything is in the same place. No more scattered papers; you can find the price list, the contact details of your clients and the weekly reports all in the same place, and you can access them from anywhere in the world.
You don’t have to worry about managing the rentals
Let’s say you have an inflatable rentals store and you have a dozen products that go and in and out of the company doors every few days. That is a lot of paperwork to fill, a lot of reports that you have to keep and a lot of unnecessary effort.
The good news is that an online inflatable reservations app will do everything for you; it will automatically gather the details that you need from clients, it will show you for how long a product will be outside and when it should be returned, as well as other similar details.
A rental management software is your virtual accountant
Ok, maybe it can’t fill in your taxes, but it will definitely tell you plenty of things about the financial situation of your business. You can easily see reports of your weekly or monthly sales, you can see how many times a certain client rented a certain equipment, how much they spent as well as how much money you will cash in at the end of the week.
You can easily track the interest of your clients
When you have a physical store, you don’t really know how many of the people who enter your store will turn into actual clients. On the other hand, an equipment rental software shows you exactly how many visitors turned into clients on your website, when they created their account and even how much money they spent on your website.
At the same time, with this tool it is easy to track the success of your discounts of campaigns. Let’s say you just added a few products to your offer and you want to see how much interest they spark in your clients; it may be tricky to do this with a physical store on the short term, but you can see this with easy when you use a rental platform.
A rental software does part of the work for you
Running a business takes a lot of time and apart from the main things that you have to do, there are the (many) small ones that can impact your business in the long run. For example, you have to make sure you change the prices of your products manually every time that there is a discount or a promotion, you have to remind your clients when they have to bring back the products or you have to let them know about what offers you have in the store.
You can take all this off your mind with an online software! You can simply schedule all the promotions, reminders or days when the store is unavailable and take them off your mind. With all the features that a software can offer, you will easily take some of the pressure off your shoulders and you will avoid situations that can decrease your sales or the success of your store.
It offers complete transparency for your customers
When it comes to pricing, things can be tricky. Depending on where you are in the world, the taxes can be included or not in the price, the fee for transport can vary from day to day and the rental fee can be higher during the holidays and lower during specific times of the year. With all this, it is important to offer transparency when it comes to the price and the fees, right from the start.
When you have an online rental software, no matter if it’s for inflatables or a rental store for tools, your clients can see from the first how much they will have to pay, how much the taxes are and how much they have to pay for shipping. Of course, you also have the option to give them discount codes, either by newsletters or when they make a purchase in your store.
The Rules are clear
Your rental company, like any other business, has a set of terms and conditions that the clients need to agree with before they rent your products. This will keep both parties involved safe and aware of their obligations. Of course, it can be tricky to inform them about these terms when you have a physical store; even if you give them a printed agreement, it is easy for them to ignore it.
Making sure that your clients know the terms of the rental can prevent plenty of unpleasant situations for both of you.
It will cut down the costs
You have many reasons to maintain your own business, but one of the reasons is always that you want to make profit. You don’t want to cut the costs from the things that matter, but you need to save as much as you can from the things that can be replaced with something cheaper.
The staff of a rental store can easily be replaced by an online rental platform. Of course, you may still need someone to help you deal with the products that you offer for renting, but you won’t need an extra person to manage the store, the clients or the entire renting process. Similarly, you won’t need a physical store unless you really want one; as long as you have a space where you can store all the products before you rent them, you can save up the money that you would spend on rent.
You can promote your products exactly where people need them
Let’s assume you have a baby gear rental store; are you going to visit parks and toy stores every day, promoting your physical store to parents who might be interested? Probably not. On the other hand, when you use a toy rental software or simply run your own online baby gear rental store, you can advertise your products on various online platforms.
Clients can find you easily, you can easily show them what you have to offer and everyone is happy.
As you can see, there are plenty of advantages when it comes to your own online rental store; your business can flourish, you can have more things taken off your hands and you can make more profit with less hard work. Why not jump in the wagon and open your own rental store on Reservety?