In this technology-driven world, entrepreneurs can quickly launch their business and can easily reach their audience with a RentALL marketplace. But Choosing the right RentALL marketplace idea will lead to a successful business.
There are many RentALL marketplace platforms available in the market. But still, Airbnb ranks top because of its constant feature update which benefits both host and guest. Most of the entrepreneurs are showing a huge interest in Airbnb because of its success. By seeing the successful business model for all RentALL platforms, many entrepreneurs are wishing to start an Airbnb as a business. I would advise them that doesn’t just compete with Airbnb. Instead, you should create your own target market with the best Airbnb clone RentALL.
Now let us see the reason for success.
Airbnb is an online RentALL business platform that stands for air, bed and breakfast. It connects people who want to rent out their homes, bike, car, equipment, event venue, boat, etc. it currently covers more than 81,000 cities and 191 countries worldwide.
Airbnb acts as an intermediary for host and guest. By using this platform, the host can list their space and make money from it. It also empowers the guest to decide according to their needs and requirements.
Airbnb provides many business opportunities in today’s world. Just Have a look,
Past, present and future, there is a space for RentALLs. A simple move of sharing unused space, bike, car, boat, equipment, event venue, etc. By using business ideas, one can be benefited by rental service and others can be benefitted by money.
The scope of the RentALL business is widespread with its flexible business model. let me share with you some lucrative business ideas,
This is the apt time to see in detail how these business ideas are helping in business and earning revenue,
The technology has enormous growth and people are preferring car rentals nowadays. So the future of car rental is digitized.
Now let us see the working model,
Businesses like Airbnb offer a platform where you can easily rent your vehicle. The implicit of online business of car is made from a car owner who charges a fee to rent out their vehicle using this platform.
Car renting platform helps people to connect with car owners across the globe.
Business on boat renting is a profitable business because of its demand and reach to the audience.
In our day to day life, people do use various tools for every different chore. So it is essential to use many kinds of stuff but it is impossible to own all kinds of equipment. This business yields a high profit to many people. Hence it is emerged into the online market and conquering as one of the rapidly growing businesses in the industry.
The equipment rental involves three types of users,
It involves three types of users like host, guest and admin. It charges both host and guest. This business model earns revenue only by two following method,
Commission from hosts/owner
Whenever the booking is happening through the platform, they will receive 10% commission from the host. The host will also be charged 3% commission to cover the cost of things like processing payments, running the site.
Exchange charge from travellers/guest
For each booking, 6-12% of booking sum is charged from traveller spending on the booking. This is non-refundable. Guest get the benefits of 24hour support in return of that charge.
As we have reached the end of the article, I hope you have found how Airbnb business model is used up in different industries.
Leave your comments below if you have any queries.
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