In today’s increasingly digital world, data is an invaluable resource. Your rental company’s success depends on your ability to study, understand, and put your business data to good use. However, overcoming challenges with data is not a straightforward task. This is where you can take help from a rental business solution.

Opting for the right rental business solution will greatly simplify reporting and data analysis, helping you effectively use your data to gain meaningful insights and improve day-to-day operations.

How did personalized pricing start?

Back in the 1860s, before the price tag was invented, customers had to negotiate prices with the seller. If the customer was a regular,  they’d get a discount, which kept them coming back and also encouraged others to become loyal customers. 

The idea was that loyal customers should receive better offers as a reward for their loyalty as compared to unknown customers who had no history with the company. This pricing method is known as personalized pricing. Modern businesses use sophisticated techniques to apply this method and target individual buyers/renters to increase sales.

Every month, hundreds of thousands of new businesses are started and look to join the market. While many companies exist to sell a product or a service, some simply rent them. There can be a lot of different types of rental companies from renting tools, to renting equipment, to renting party supplies, and everything in between.

Mandatory closures and safety measures implemented due to the COVID-19 pandemic have impacted almost all industries. This is especially true for small and medium-sized businesses that are working with limited resources. As business owners focus on coming up with an emergency response plan, it is helpful to be aware of the various relief programs offered by the federal, state, and local governments across the U.S. 

There are different programs for you to consider, from the Congress pledging a stimulus package and several states introducing their own relief funds. We’ve compiled a comprehensive list of federal, state, and lender-specific COVID-19 relief programs you can pursue.

Mandatory closures and safety measures implemented due to the COVID-19 pandemic have impacted almost all industries. This is especially true for small and medium-sized businesses that are working with limited resources. As business owners focus on recession planning, it is helpful to be aware of the various relief programs offered by the federal, state, and local governments across the U.S.

There are different programs for you to consider, from Congress pledging a stimulus package and several states introducing their own relief funds. We’ve compiled a comprehensive list of federal, state, and lender-specific COVID-19 relief programs you can pursue.

Do you struggle to track your rental equipment effectively?  It can be a tedious task without the right tools and methods — not to mention the risk of inaccuracies and errors. The stakes are high when it comes down to tracking your most prized possessions – your equipment.

Coordinating all your pieces of equipment requires access to important information. Using traditional manual methods or even spreadsheets to track your rental equipment isn’t efficient. It leaves you vulnerable to human errors, greater costs, and in a worst-case scenario, even equipment loss.