Archive for December, 2009
New 1 click rental system
We’ve just changed the rentoid payment system which will improve the site dramatically for everyone.
How it was
The new system reduces barriers for people who want to rent your items. Previously we took a 5% service fee on all rentals. Which was cumbersome, and required potential renters of your items to pay a fee up front, before they could even talk to you about renting it. It was a big ask and many of your potential rentoid customers just clicked away…. although we had our ‘rentoid guarantee’ it was just all too hard.
What we’ve done
People can now rent your item with one click. Once they are logged in as members, all they need to do to rent your item is click this button below. And you contact details will be given on the screen, with more detailed information emailed to them. Then you can both get renting straight away.
We are no longer taking a 5% commision on rentals. Our research shows that this will make people more than 10 times more likely to rent your item. So if you have’nt had a great deal of rentals via rentoid yet, then get ready for things to improve.
What this means
It is no longer free to list your items for rent. We now require a one time payment of $4.00 to list an item. It’s lose change… the price of a latte, and we think it’s pretty fair.
If you intend to list lots of items we’d recommend you join for 1 year at the price of $30 - this gives you as unlimited listings as a fully paid ‘rentreprenuer’.
It does mean you need to pay up front for listings, but it is simpler for people wanting to rent your stuff and help you make money, and ultimately cheaper than paying a 5% commission which can is mostly more than the $4 listing fee, and was payable for every rental previously.
We think it’s much better for everyone involved… what do you think?
Search issues
Currently our search function within the rentoid site is broken. It sucks and we know it. We are working to fix it as quick as we can, but it will probably take our small team until the end of the week t do it as we need to build a new algorithm.
We’ll let you know as soon as it is fixed.
Rentoid team.
Make movies using rentoid - surf trip
This little video was used only using stuff available for rent on rentoid - proving that rentoid really is the place to rent anything. For your next project, remember to check us out at rentoid.
Environmentally friendly advertising
Could this be, the most environmentally friendly piece of advertising possible? I think there’s a chance.
There’s also a chance that it’s the most ridiculous thing for someone to do while at the beach as the rentoid.com founder Steve clearly loves this humble little web business. Yep, that’s him in the corner.
Important Change
At rentoid we are about to change our payment system. We are removing the 5% rental fee we take on all rentals and replacing it with a pay to list your items system
The good news:
- All your current listings remain - free
- Our research shows people are more than 10 times more likely to rent an item when they can speak to you on the phone first
- More rentals occur when people don’t have to pay anything up front
- The rental process will be much easier for your rental customers
- You can still list as many items as you want for free until this goes live in about 2 weeks.
The not as good news
- You have to pay $4 to list an item, or $30 for as many listings as you want for a year.
The reality is, you’ll make heaps more money with this rentoid system, and $4 is a small investment to turn it into $50 or even $500 depending on what you are renting out…. It’s a good deal.
If you have any questions or want to chat in more detail feel free to call me directly on + 61 438 779566 -
Steve Sammartino, Founder www.rentoid.com
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