Is your party rental business prepared to tackle the demand spike over the holiday season? As the year-end festivities and parties swing into full gear, an increasing number of customers will be looking for holiday party rentals.  

Offering great deals and discounts along with thoughtful customer service are important aspects of boosting holiday sales. At the same time, you need to ensure your equipment is in great shape and easily available for checkout online. 

Operating a rental  business can be a highly profitable venture but remember your business is only as successful as the financial management strategies you put in place. Whether you have just started your rental business or are looking to scale, efficient financial management is a crucial part of your success.

The Holiday Season is here and it’s time to offer competitive offers and rental discounts. The market anticipates attractive deals and responds with enthusiasm, so tailor these to your customer’s needs and business goals for maximum profit.

The event and tent rental industry had a challenging year and a half with the pandemic shutting down large-scale events and reverting to smaller orders – outdoor dining and scaled back weddings, etc. As the world adjusts to the new normal, business is starting to return to normal for the tent rental industry.

Home gyms have been gaining popularity for the past decade and the pandemic significantly accelerated this trend. As COVID-19 presented new and unique challenges including shutdowns of physical locations, the gym and fitness industry pivoted their business model by offering online classes and renting out gym equipment. 

Buying fitness equipment for a home workout is not cheap, and currently, it is further complicated by long delivery delays and limited supply. The fitness industry has filled this gap for gym equipment rental which is a great way to increase revenue and grow business. 

Small rental businesses are always striving to keep costs down while growing and optimizing operations. One way to increase efficiency and impact the bottom line is to streamline your order management. 

As you grow your customer base and increase the volume of orders, it is important to build a scalable, efficient, and accurate order management system. Few organizations approach order management from a holistic, integrated viewpoint to achieve a scalable order management process as the business grows. This can be an underinvested area but you can give your operations a boost by incorporating a small business order management software. 

The EZRentOut team is excited to announce that we will be at The American Rental Association’s Annual Trade Show and Convention in Las Vegas, Nevada, from Monday, October 18, 2021 – Wednesday, October 20, 2021.

Offering rental-specific education, networking events, and a show floor featuring over 600 exhibitors, the ARA annual show is one of the largest equipment and event rental trade shows in the world.

As consumers increasingly start their buyer’s journey online, you can grow your customer base and boost earnings with effective digital advertising. Use the internet to your advantage and promote your business to a target audience via search engines, websites, and social media platforms. 

With business operations evolving for the new normal and rental industries continuing to lean into the latest technology, it is important to implement versatile advertising strategies. 

Here are some effective digital advertising methods that your rental business can use: 

As millennials continue to prioritize experiences over things and spend more money on building memories, boat rental businesses can benefit from this growing trend and optimize boat rental booking software. Hitting the open waters is an appealing idea for adventure seekers, especially during the peak summer months. 

Running a rental business today is vastly different from even a decade or two ago. Companies are going through rapid digital transformation and rental businesses need to make changes to keep up with the evolving landscape and competition. So what does this mean for businesses with physical locations that are renting out gear or equipment?