Yo!Rent is an advanced rental eCommerce solution by FATbit Technologies to build a scalable rental eCommerce marketplace. The white-label platform is fully packed with features such as renting and selling capability, multi-level buyer subscription, multilingual & multi-currency, multiple payment gateways, transaction management, inventory management, real-time stock availability, localization settings, and more.
Critical features for textbook rental business we recommend:
Bundle pricing - The term “bundle” means one or more textbooks into a single tier or a package. The bundle pricing feature is offered by the textbook rental business so that the companies sell a package or a set of goods/services for a reduced price than it is being charged.
Cart sharing- - This feature allows the registered buyers to share their cart with each other so that they can order more textbooks through a single cart.
For your customer, the shared cart means practicality when making a purchase. For your store, it means:
Opportunity for a larger sale
Lower logistics effort
Single order flow
Yo!Rent can be customized to include the above features in an online textbook marketplace. Also, it can enable businesses to support the multiple revenue streams inclusive of: -
Subscription - The admin or the platform owner can create various subscription plans that provide distinct benefits in the form of minimal delivery charges, flat discounted prices, or keeping a double check on quality assurance.
Also, the subscription can be provided on a monthly or annual basis for accessing the textbook solution.
Commission - It is the main source of revenue on a textbook rental website. This helps in making money from the textbook rental website after the transaction occurs. The admin or platform owner deducts a certain amount of fees & releases the rest of the amount to the vendor.
Banner Advertisements - The revenue, in this case, depends upon the cost per click. The marketplace owner charges the advertiser for displaying the ads on their website.
This is how Yo!Rent help online textbook business to deal with this challenge.
Furthermore, Yo!Rent supports unlimited products and transactions which enables vendors to sell a greater variety of books, thus higher volume covers the shipping cost.
Read this article to know more about textbook rental business model and key features. https://www.fatbit.com/fab/launch-textbook-rental-website-around-these-features-and-business-model/?q=bh
Yo!Rent is a rental marketplace platform helping entrepreneurs in 40+ countries complete successful online rental operations. Being a startup and digital transformation-focused platform, Yo!Rent empha
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