In 2017, the US education industry was valued at $1,350 billion and is expected to reach approximately $2,040 billion by 2026. With a CAGR of more than 4.5%, the education sector continues growing at an exponential rate.
A growing student body means more and more inventory to provide for them. This naturally means it is becoming increasingly difficult for the education industry to manage an ever-growing inventory. These struggles, however, are not limited to inventory only. They also extend to several other problems as well.
The global Audio Visual (AV) industry is set to grow from $247 billion in 2019 to a staggering $325 billion in 2024. AV rentals constitute a significant chunk of this industry and play an important role in its growth as well. Audio Visual equipment is typically found across several sectors, from media and production houses to educational institutes renting out items to students.
With constantly advancing technology and increasing equipment prices in the Audio Visual industry, many people are now opting to rent out cameras and tripods, etc. This is why AV rental stores have also become more prevalent.
The team at EZRentOut rolled out some exciting updates this November. Here’s everything you need to get up to speed with our upgrades, from the Trackunit Integration and Expense Line Items report to customizing the Low Stock Alerts page and much more!
Once upon a time, only beginners rented skis. However, with rapid improvements in skiing equipment and the rising cost of winter vacations, even the most professional skiers now choose to rent on site.
As a result of this shift from buying to renting, the ski rental industry in the US has consistently been growing at an annual rate of 0.5%. So if you’re looking for a start-up and are passionate about skiing, a ski rental business is the one for you.
When placing orders in EZRentOut, users might want to maintain an overview of expenses against each order. They can do so with the Order Expenses Add On. This Add On allows users to list all the costs incurred in preparing and dispatching the order, i.e. getting it to completion.
For example, before dispatching an order for 30 chairs, you find out that the chairs need repair. So you send them out for maintenance to ready the order for dispatch. You can add these maintenance costs to your expense log to keep an eye on the total amount you’re spending.
Setting up an online store is difficult but you’re wasting your developmental hours if you aren’t tracking how customers interact with your store. Are customers able to find everything they need, are they leaving the page without renting items out, is the payment processing user-friendly – all these are important questions about your store and directly impact your online revenue.
Luckily, you can answer these questions and others by integrating Google Analytics with your EZRentOut Webstore. This integration enables you to study and understand customer behavior so you can continually enhance online renting for them.
The US construction rental industry is amongst the largest around the world. In fact, the construction rental equipment industry managed to rake up a total revenue of $45 billion in 2019 alone. This sector alone contributes a crucial percentage to the GDP value of the country. It would, therefore, be an understatement to say that it plays an important role in driving up the economy.
Increasing rental sales also brings with it many opportunities for companies in this space. However, it also comes with its own set of construction rental challenges.
Keeping track of hundreds of assets as they move from one location to another can be a handful. Rental companies regularly lose items in transit when they can’t access their real-time location. What’s worse is that the risks rise exponentially as your fleet grows and as more locations come into play.
These inefficiencies eventually bleed into item unavailability and fewer rental orders. This is why EZRentOut is now integrating with Trackunit to provide you with reliable GPS tracking. Now, track the current location of your assets, from the office or the road!
Network administrators use Active Directories to streamline maintenance processes within large organizations. Instead of having to perform updates manually, a network admin can update one object in a single process.
Active Directories are also used to allow or deny access to applications by the end-user through the network trees. They help in keeping a large network organized and maintained. And you can do this without having to perform each task through an individual process.
The rental industry is set to grow from $15 billion in 2014 to $335 billion by 2025. Considering investing?
The rental industry has tremendous potential for profits but starting a rental business isn’t easy. You need to play the long game to come out on top. With a million things to sort out, you need answers.