Imagine you need a toy for just one day or a special dress for a party, but you don’t want to buy it because it’s only for a little while. What if you could borrow the toy or dress from someone who is not using it, and g
See MoreWith due respect, many companies are working on this (renting clothes, toys, etc) and I think no one will be interested to rent their electronics like laptops. There are chances of misuse and they can even replace good parts or they can damage or they can install some kind of apps where they can steal owners photos and money. I appreciate your idea. But, please focus on a different idea !! All the best !!
Not required your validation
Since you said that it's P2P like OLX then what will be your revenue model?
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How is the product delivered from one party to another will you have your own service or is it supposed to be done by the parties itself?
It's p2p just like olx but with different concepts.
What does Rently do if in a situation where the toy lend is broken or a dress is torn?
There will be policy which need to be signed or accepted, a refundable security deposit fee will be taken..
Suppose I want to play UNO for 1 time since my friends came over and I am in mumbai. Option 1: open blinkt get it for 70-80 rs and in 10 minutes recieved at my home + product is mine for the life. Option 2 : open your app Rently. Please share how much cost I hve to pay for rent + I am sure i won't get it in 10 mins (so please tell delivery time)
I think people are mature enough to know what they can buy and what they can rent.....if any thing costing you 70-80 rs only why people will list that item on rent ! Rently will provide this kind of items free by their side only if any product costing you less than 150₹ Terms and conditions applicable.
There is already one huge competitor in the market in India, i forgot the name but it's gonna be really hard for you
Your thought process is wrong here, one huge company means 1 huge competition and that is way more problematic than 10 small companies on the same idea. Take amazon as an example in Us, there is no competition at all for amazon in that area and nobody can ever challange it's monopoly in US ( exclude india as it has flipkart which copied amazon in india ) That website already is a hot deal in urban areas hence you'll face a lot of problems Anyways, good luck
If there is one company, there is no competition, and there is no company as per my information who provide all the stuff at the same place.
Do you have a website already?
Book publishers mention clearly in their books "not to lend or sell without permission" How will you tackle that problem?
There are most of the books that are getting sold, such as book chor , how ever we are giving them on rent, if you own them, then you can rent it. There will be no any allegations for this Rently assure you that.
How will you assure the owner if the product would be preserved and won't be damaged? In case of damage, what would you do?
Hi saim, We are doing KYC, for a trustful experience how ever if anything happen the second party will be responsible for that and for the bigger item we partnered with insurance company who charge a fees during that lending process later if anything happen all the compensation will be provided.
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