Top 5 eCommerce Platforms to Start a Rental Business
- eCommerce

Top 5 eCommerce Platforms to Start a Rental Business

Rental is quickly becoming the new ‘buy.’ Ownership of everything from housing, furniture, and countless other home appliances is no longer considered necessary. More people are indeed on the move these days than at any time in the past. The Rent, use, and return approach certainly seem more suited to the modern lifestyle. The cost to the environment is another factor that favors the rental model; collective usage is the key to optimum resource utilization. 

The surge of the rental economy has led to a proliferation of online rental marketplace across diverse business verticals. Online marketplaces are digitally sourced, self-service environments that provide a common platform for multiple vendors to connect with their customers. 

Some of the best examples of rental marketplaces are Cort for furniture rental, Turo for P2P car rental, and Rent the Runway for clothes rental. For entrepreneurs wanting to replicate the said marketplaces in their niche, the process can be both time and cost-intensive. However, many ready-made online marketplace platforms can significantly slash that cost and time. Let’s take a look at the top five such solutions and how they stack up against each other: 

  1. YoRent: 

Yo! Rent is a white-label rental marketplace software developed by FATbit Technologies. Its feature catalog is quite impressive considering its affordability and flexible payment options. Yo! Rent’s capabilities extend to renting, selling, and both multi-vendor and single-vendor support. It is available in both ready-to-use and custom development options with exclusive rights to the design in the latter. The software comes with a lifetime license at a one-time cost with no recurring payments. Yo! Rent has also developed a free of cost, full-fledged demo for the buyers.

Website: https://www.yo-rent.com

Founded: 2015

Country: India

Features:

Renting & Selling

Smart Review Management

Multiple Revenue Channels

Fully Customizable

Real-Time Inventory Management 

Type: Small, Medium & Large Sized Business

Business Model: B2B, B2C, P2P

Key Benefits

Unlimited listing of products and services

Fully customizable with exclusive rights to custom design

Free Technical Support for 1 Year

Available at a one-time purchase with no recurring payments

Pricing:  Starting @ $999 with flexible payment options. (30 days money-back guarantee) 

Clients: Gearflow,  RENT FOR ALL

Demo: Free Demo Available: https://demo.yo-rent.com/

 

#2 Sharetribe 

Sharetribe is a reliable platform for launching a Peer to Peer online storefront. It is a self-hosted ready-to-use solution that does not require any download or installation. First-time customers can also visit its help center to find setup assistance. Sharetribe is a SaaS application that does not call for explicit programming to conduct rental business operations.

Website: http://www.sharetribe.com

Founded in 2011

Country: Finland

Features:

Email marketing

Order management

Multistore management

Built-in payment systems

Mobile Friendliness

SEO optimization

Global Payment Option

Types: Small Business & Medium Size Business  SV & MV

Business Model: Sharetribe is a C2C (customer to customer), B2B (Business to Business), B2C (Business to Customer) marketplace platform.

Key Benefits:

Ease of use

User friendly

Affordable

Flexible payment options

Pricing:  Starting package @79/month

Key Clients: WheelPrice, Fittcoach, Canon

Demo: 30 days free trial

 

#3. About Arcadier:  

Arcadier is a rental marketplace platform that offers subscription-based web applications. It is loaded with all the essential features for renting and selling products. On purchasing, the buyer gets four default themes to choose from along with the full customization option. For extended functionality, buyers can also install third-party plugins from the Arcadier’s plugin marketplace. 

Website: https://www.arcadier.com/

Founded: 2013

Located in Singapore

Features:

Order Management

Catalog Management

Category Management

Payment Processing

Promotions Management

SEO Management

Vendor Portal

 

Type: Small, medium & large

Business Model: B2B, B2C, P2P marketplace platform

Key Benefits

Comprehensive function

Affordable

Available in 4 default themes and also fully customizable

No transaction fee

Pricing: Starting at $69 month/user

Key Clients: Kinly, Snap Squad

Demo: 30 days free trial.

 

#4. Genstore 

Genstore is a robust rental marketplace software that is based on Node JS. It comes with a mobile application with the Facebook Messenger Bot pre-installed. Genstore’s impressive features range from multiple revenue sources to automated management options. Like Yo!Rent, Genstore is also available at a reasonable one-time payment.  

Website: https://shopygen.com/nodejs-marketplace-software/

Founded: 2000

Country: Thailand

Features:

Payment Processing

SEO Management

Shopping Cart

Vendor Portal

 

Types: Small, Medium, and Large-sized businesses

Business Model: B2B, B2C, C2C

Key Benefits: 

Facebook Messenger bot pre-installed in mobile application

Affordable

Includes intellectual property rights

24/7 live chat support

Pricing:  $999 one-time payment

Key Clients: Gappers, Bridalope

Demo: Free Demo

 

#5. ExlCart

ExlCart has a responsive layout and a feature-rich admin panel. It supports unlimited vendors and is available at an aggressive one-time payment. For more features, the buyer can opt for its premium development plan that comes with native apps for iOS and Android. ExlCart also provides a free demo to its customers. 

Website: http://www.exlcart.com

Founded 2014

Country:  India

Type: Small to medium size business

Business Model: B2B and B2C marketplace.

 

Features:

Multi-seller platform

Inventory Management

Unlimited vendors/products

Responsive layout

Multistorestore Management

Customizable

Key Benefits 

Flexible payment plans

Includes source code

Highly-affordable

Includes native mobile apps

Pricing:  Starting@$399 one-time payment

Key Clients: Sleepyhead, Spirits4u, Fashionworld

Demo: Free Trial

Conclusion: 

Purchasing a full-fledged marketplace solution eliminates the need to develop one from scratch. It saves resources on rigorous data collection and explicit programming. However, making the final call should include the pitching of various factors like the hosting, the used technology stack, customization options, and the availability of mobile apps. Free demos should be used to test the features and functionality of marketplace software.

Top 5 eCommerce Platforms to Start a Rental Business

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