Top 6 innovative ways to improve rental sharing business

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Six Innovative Approaches To Improve your Rental
Sharing Business
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Big Question?

• How does innovation happen?

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It happens

• When you discover a solution to the challenges of
  the existing system and convert to a workable
  solution
• Having a different business plan disrupting the
  traditional rental or market places

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Yes!

• So, here are a few ideas to innovate the existing
  rental marketplace system

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Provision to book other facilities through a
single application
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• Isnt cool?

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Cont..

• What if the application proposes to users the
  option of booking other required amenities like
  apparel, electronic equipment, furniture along
  with the event booking?
• Sameways, provision to rent a car or bike along
  with booking hotel rooms.

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Providing advanced search filter
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• Much needed!!

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Cont..

• One
• Search filters are for refining the results and
  finding suitable content at a faster pace.

• Two
• Keeping advanced filters helps in eliminating
  undesirable results.

• Red
• Filtering the search results by location, date of
  availability, amenities, offers, and rating are
  primarily used in all the booking sites.

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Providing good offers compared to your competitors
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• Oooo.. Did anyone say offer?

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Cont..

• Offers and freebies attract many new customers.
  Giving a good discount during the weekend and
  seasonal times would retain more customers to
  your marketplace.
• Airbnb email and SMS the discounts and offers to
  users based upon their search history. They offer
  15 off for guest referral and 200 for host
  referral.

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Events near me Explore new events near you
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• Whats cooking?

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Cont..

• One
• When you travel or go on a solo vacation to a new
  city, the first thing we do is Google about the
  places history, live events, and sightseeing
  places near where you live.

• Two
• Instead of using Google, giving all this
  information in the booking platform would be a
  time-saving feature for the user.

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Customer Service
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• Welcome with open heart

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Cont..

• Be there for them during a dire situation.
• Giving support during tough times would increase
  their trust and builds a bond.
• Solve their queries through phone or messenger.
• Send a personalized welcome and thank you notes
  is a sweet gesture.

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Making use of Artificial Intelligence
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• Its Robo time!!

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Cont..

• One
• AI is redefining our interaction with technology.
  With the help of Deep learning algorithm, the
  search feature enhanced to give better search
  result, aligning to the perspective of the user.

• Two
• According to the search given by the user, the
  algorithm ranks the listing accordingly. Addition
  to the search query, the algorithm uses the
  users data such as past bookings, the listings
  clicked on, and the amount of time you stay on a
  page.

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In Conclusion
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• We have come to the end.

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Cont..

• All these points are few examples compared to the
  real-world challenges.
• Innovate to create a helpful community, equal
  sharing of resources and also a profit out of it.
  
• So, lets welcome new changes!

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Want to create your own innovative rental
website? Try RentALL
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Thanks!

• Any questions ?
• You can find us at
• Email support_at_radicalstart.com
• Skype radicalstart
• Website www.rentallscript.com