How to open your rental business

A small part of the population has the opportunity to purchase expensive things not on credit. That is why the business associated with the rental of certain categories of goods will be in demand both in small cities and in megacities.

You will need

• - start-up capital;

• - premises;

• - the Internet;

• - documentation base.

Instruction manual

1

Find a room for your rental center. Try to find a place with the possibility of organizing a small warehouse. Provide a small hall for receiving visitors. The convenient location of your service depends only on your budget and rental opportunities.

2

Choose the type of product you can rent. As a rule, household appliances, vehicles, large garden equipment, sports equipment, and festive clothing are in greatest demand. You can concentrate on one of the directions, maximally satisfying the needs of the target audience. For example, having organized a bike rental point, you can use models of varying complexity and size, provide instructor lessons, and related accessories.

3

Buy rental products. It is advisable to choose used things in good condition. Try to find them through newspapers of free announcements or using popular Internet resources such as avito.ru, slando.ru. Today, there are often cases when people get rid of things in excellent condition just because they bought themselves more modern and fashionable.

4

Try to choose products with basic features that are easy to use. For example, when buying a washing machine, give preference to one that does not have a touch screen or a large number of functions. Such things fail faster and can be incomprehensible to most ordinary people.

5

Think about pricing. When forming the cost of your services, you should rely, first of all, on prices at similar rental points. In addition, you need to carefully calculate the cost of depreciation and put in the cost of the risk of possible damage to the goods.

6

Create a documentation base that will ensure the proper functioning of your service. First, you need a rental agreement. Try to stipulate in it all the conditions for the provision of goods, their return and payment of potential damage. Secondly, make forms of acts of acceptance and transfer of goods, assess its technical condition.

note

Do not try to cover all categories of things you can rent. With a wide variety of product groups, it will not be easy for you to maintain a good assortment in each of them.

Useful advice

Keep a database with contact details and detailed customer information. It will help you track the trends of the rental service and monitor the availability and demand for goods.