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Why Should You Start An Equipment Rental Marketplace?

The global equipment rental market is expected to reach $273.5 billion by 2030 from $176.2 billion in 2020 with a CAGR of 4.4% for the forecast period 2021-30. 

There are more than 5000 equipment rental companies operating in the US alone and the number has constantly grown in the past few years. The global equipment rental market is still expecting new players to bridge the gap between equipment owners and renters. Aspiring entrepreneurs can perform market research on their own and see if their target region can be suitable to start an equipment rental business. 

To start an equipment rental business, it is important to have your own equipment if you are planning to start a single vendor business. Though, equipment costs a lot of money, and might not be possible for everyone to invest large amounts of money in the initial stages. So you can plan a multi-vendor equipment rental business, where you invite existing vendors on your platform to rent their equipment. 

Irrespective of the business operations planning, you will require an online presence in the form of a website with dedicated dashboards for customers, the admin, and vendors (in case you start a multi-vendor business).

An online equipment rental business requires less workforce(2-5 professionals), a small investment on the website(depending on features you require), and efficient market research that helps you with GTM (go-to-market strategy). While there are several other factors that need to be considered before entering the equipment rental industry, the development of an online rental website is crucial as all the operations take place through the platform only. You can either go for website builders, select a readymade rental software solution or hire developers to build a website for you.  To know how you can start an equipment rental business with efficient planning. You can check this absolute guide on starting an online heavy equipment rental business.

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Starting Own Online Heavy Equipment Rental Business

The global heavy construction equipment rental market was valued at around $76,371.9 million in 2020 and is projected to reach $117,788.8 million by 2030, registering a CAGR of 4.3% from 2021 to 2030. Aspiring entrepreneurs may have the chance to experience the greatest growth by investing in a market for heavy equipment rentals. Check out this comprehensive guide on starting a heavy equipment rental business from scratch.

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DiscoverCars seeks to be a world leader in online car rental booking.  

Find here a complete step-by-step article on starting a car rental business with DiscoverCars: https://www.yo-rent.com/blog/start-car-rental-business-discovercars/

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Audio-visual rental software is available here at Yo!Rent. Our rental software helps you run your business. Save time & earn more revenue: https://www.yo-rent.com/av-equipment-rental-software.html

[yorent]

Are you tired of common #rental challenges faced by #entrepreneurs that impact business operations?

YoRent Rental #software can help in streamlining your operations. Manage conflict-free bookings, send reminders for item returns, and reduce downtime with regular maintenance.

Read more: https://www.fatbit.com/fab/roadblocks-in-starting-online-rental-business-and-how-to-overcome-them/

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Every #business needs branding. Great #branding helps you stick out from the #online static and identify with your target audience. That’s why you need to take the time to develop a great visual identity for your #rental business.

Find out more: https://www.fatbit.com/rental-business-portal-solution.html

[yorent]

Another 4.5-star Review for Yo!Rent on G2!

"I like the possibility to incorporate a lot of APPIS for the best functionality of the platform, this has a lot of easy, useful, and practical options, and of course, all the support from the team is amazing."

Read the complete review here: https://www.g2.com/products/yo-rent/reviews/yo-rent-review-6715020

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We are glad to share that #YoRent has been featured among the top e-commerce platforms for 2022 by Tenocation.

Read the complete article for more details: https://tenocation.com/7-best-ecommerce-platforms-in-2022/

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Looking for help creating an online store for an HVAC equipment #rental business? Have your own no-cost #online store on your website with Yo!Rent Software.

Learn how you can start your own in this blog: https://www.fatbit.com/fab/how-to-build-online-store-for-hvac-equipment-rental-business/

[yorent]

Similar to brick-and-mortar stores, getting people inside your #online rental store (#eCommerce website) is just one hurdle to overcome.

Turning those visitors into paying customers is the next, and improving your website’s conversion rate is how you do it.

Check out Yo!Rent - #Software to #build next-generation online #rental store: https://www.yo-rent.com/online-rental-store-software.html

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We are glad to share that Startup.info has listed #YoRent among the top #B2B Marketplace platforms. Startup.info provides the best insight into innovation trends & startups. Check out the detailed blog post for more insights: https://startup.info/b2b-marketplace-platforms/

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Yo!Rent - Helping Ideas Thrive In The Digital Rental Age

Launched by FATbit Technologies, Yo!Rent provides live demo, complete rental marketplace setup, intelligent digital rental growth consultation, and complete technical support to promote your brand.

Elevate your brand and create winning online rental marketplace experiences with us. Learn more: https://www.yo-rent.com/why-yo-rent.html

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Yo!Rent Client Review on SoftwareSuggest for RentMyWardrobe!

"The Yo!Rent platform is an affordable option to get the rental website you want. The team is beneficial and accommodating, offering a high level of customer support and service. I would highly recommend yorent."

Read the complete review here: https://www.softwaresuggest.com/yorent

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Yo!Rent provides in-built top rental features for the success of your online rental marketplace.

From multi-lingual to multi-currency, it has all the functionalities to increase your brand’s global presence.

All the standard features listed here are offered with Yo!Rent: https://www.yo-rent.com/images/yorent-features-list.pdf Contact Us (https://www.yo-rent.com/contact-us.html) or Schedule A Demo today!

[yorent]

The progressing B2B landscape is ushering in a new era of how B2B sales are being conducted.

Yo!Rent 一 The robust B2B marketplace solution has been purpose-built with core B2B-specific features to capture growth opportunities in the flourishing sector.

Visit our website for more: https://www.yo-rent.com/

[yorent]

Another review for Yo!Rent on G2!

"A good platform for the rental marketplace"

Read the complete review here: https://www.g2.com/products/yo-rent/reviews#survey-response-6606061

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Introducing #YoRentV3 - A scalable #B2B rental marketplace solution specially developed with enhanced rent-centric features like rental security management, document verification, product inspection, product comparison, volume discounts, rental add-ons, and more.

Read for more details: https://www.forconstructionpros.com/rental/rental-business/product/22249300/yorent-yorent-releases-updated-version