The golf cart rental market is expanding rapidly due to multiple trends including increase in golf tourism, rapid urbanization, and increased use of carts during vacations and events. To illustrate, consider this: The American golf cart market size is projected to reach at $1,627.6 million by 2026, growing at a CAGR of 3.9% from 2019 to 2026.
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Businesses with multiple Locations may need to stock different Asset Stock and Inventory quantities depending on the requirements of that particular Location.
EZRentOut makes it easy to manage these varying quantities with Location-based Thresholds. You can use this functionality to set a default minimum and maximum value or set custom thresholds for specific Locations.
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Work orders help in assigning tasks to be performed, specifying completion dates and other necessary instructions. Even though this benefits in assessing the performances of employees, it is also important to track Work Order Costs. This can help businesses flexibly calculate a particular cost incurred for each task. Managing multiple work order costs accurately can result in overall efficiency for your business.
Automate your work order costs with EZRentOut. Let’s have a look at how you can implement this feature:
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Trying out a new sport is a great lifestyle choice but not always an affordable one. A family going on a ski vacation for example, needs a lot of expensive gear including skis, poles, and appropriate clothes/safety equipment. Likewise biking, sailing, or camping can be expensive if people opt to buy the required equipment. Meanwhile, sports equipment rental software provides a more economical alternative for renting out equipment for short-term use.
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Our equipment rental software can also be used to sell rental Asset and Asset Stock items, in addition to selling Inventory. To learn more about the types of items in EZRentOut, go here.
Setting optimal pricing strategies for your rentals is critical for business success. Charging excessively high prices means you risk diverting sales to competitors and losing out on customers. However, setting prices too low can mean slimmer profit margins or even difficulty in covering your production costs. In both cases, you risk the financial health of your business.
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Online shopping has been steadily on the rise and customers are increasingly relying on online resources to make their regular rental and purchase decisions. As trends towards more and more consumers starting their customer journey online, it is important to establish a strong digital presence to gain a competitive advantage while significantly increasing the customer base.
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Rental workflows can get complicated when it comes to applying multiple taxes to your transactions. EZRentOut now offers a simplified way to apply multiple taxes with a new feature – Tax Groups.
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Offering your customers convenient, secure, digital payment solutions is a great way to enhance sales and strengthen your business. Integrated payment solutions play a key role in streamlining payment processes at your busy rental business.
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Tracking asset depreciation is an essential business function and EZRentOut makes it simple. Use the comprehensive asset depreciation functionality to track and manage depreciation across different asset groups, draft reports on that data and turn that data into actionable insights.
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