Rental businesses face a myriad of challenges today. They not only have to contend with the cut-throat competition but also have to deal with a variety of customers. Many of these do not take ownership of the rental items and use them carelessly. This often damages your rental fleet and raises your inventory maintenance costs.
Whether they rent out furniture, party supplies or vehicles, rental businesses need to stay on top of their bookings for swift customer delivery. While managing several different orders simultaneously sounds overwhelming, do it effortlessly with rental scheduling software.
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Rental hire firms are rapidly growing in number. These rent out equipment or services to individuals or businesses for a specific period, ranging from a few hours to a couple of months. Many of these even sublet assets from other equipment rental agencies to rent out to their own customers on a contractual basis.
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Online book rentals are gaining surging popularity among university and college students. In fact, many educational institutes have their own book rental departments to rent out textbooks to students at economical rates for an academic term.
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Over the past five years, the dumpster rental industry has seen tremendous growth in the US. It is now earning an annual revenue of $394 million. As the name suggests, dumpster rental companies offer trash disposal services to residential, commercial and industrial customers.
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Advertising your business is crucial if you want to get more sales. Bike rental businesses are no different. Despite having a huge demand for bike rentals, most rental companies struggle in getting more revenue. This can be attributed to poor advertising strategies that are often unable to reach the right target customers.
Whichever industry they operate in, businesses are always on the lookout for that sweet competitive edge. This is especially true for rental businesses since they contend with excessive competition.
Leading rental companies are always ensuring that they’re current with the latest technological trends to stay in the game. Cloud based rental software is one such tool that helps rental businesses optimize their workflows and offer the best rental experience to their customers.
Running a party rental business has become a popular venture in recent years. This doesn’t come as a surprise as planning events is an extensive process which is full of why people like to hire third-party planners. It generally has to do with renting out party equipment such as lighting, AV, staging and seating equipment, and silverware and flatware.
Running an event rental business can be a handful. Delivering the right kind of staging, lighting and AV equipment at the right time to the right place requires a dedicated team effort.
With increasing competition and a need for better mobility of rental goods, rental businesses face many challenges today. Businesses rent out their equipment to all sorts of customers, each of whom use it differently. Since customers don’t shoulder the burden of ownership for a rental item, they don’t have to concern themselves with its maintenance.
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