Home appliance renting business is all about providing the different home appliances including furniture and electronic equipment to the clients in exchange of a monthly specific rent. Many people like to have essential home appliance on rent because of major two reasons. One is, they can enjoy the product without investing much money one time like purchasing the appliances. Another reason is there is no shifting hazard. As the consumer lifestyle is enhancing rapidly, it creates a substantial demand of home appliance renting opportunity. Home appliance renting is most preferred for the people who are likely to move on fairly quickly and so might prefer not to buy the appliance outright and have to move it around.
Why Home Appliance Renting Business has Money Making Potential
Relocation is very common for working individuals in reputed companies. In most of the cases the relocation happens for a duration of one to three years. Working individuals look for temporary arrangements for their daily requirements as it is always difficult to shift all the items to another place when again relocated. Home appliance happens to be very difficult to shift when relocated far and wide. With increased urbanization and fast life people tend to look towards temporary arrangements for households. Home appliance renting is certainly an excellent money making idea today and in coming days.
Home Appliance Renting Business Set Up
Register your business with the proper authority. Check with an attorney what licences you will need to obtain. Different states apply different types of permission for rental businesses.Select a location. If you have spare room or space in your home, you can start this business from home location also. Generally deals are made at customer’s premise. You will need to have storage and a small office space.Rent agreement is one of the most vital document for this business. Consult with an attorney and prepare a standard appliances rent agreement. Mention all the detail carefully there. You may offer you client a purchase deal also after a certain period of renting.In home appliances renting business you will need to arrange the delivery and installation also. In some cases you may charge extra amount from your client. You arrangement have to be done by you.Purchase the appliances according to your plan. Try to deal with direct manufacturer. For branded product at least deal with stockist or wholesaler to get the best price.Hire manpower as per your requirement. Pay attention in hiring reliable and well behaved delivery boy.Fix pricing. You may offer discount for more than two or three products. You may also offer combo pack for bed room, living room, kitchen etc.
How to Promote Home Appliance Renting Business
Promote your service offline and online both. Publish advertisement in local newspaper as classified in real estate page. Contact with the real estate agents who deal with house rent specially. Register your business with online classifieds and market places also. Create your own website. Use social media carefully. These will definitely help you in generating sales leads for home appliance renting business promotion.