5 Startup Lessons You Can Learn From Famous Sharing Economy Companies. Instead of reading and hearing success stories of billionaire entrepreneurs, you can listen to their failures and difficulties they faced during their entrepreneurship journey and find how they came out of it successfully.
Sharing economy business models implemented by these famous companies like Airbnb, Uber, Turo, Postmates, etc. has completely revolutionized our current industries. So, here in this blog, we are going to see business lessons from the top entrepreneurs who have changed the way businesses conducted in their respective industries. Let’s find out. Lesson from Airbnb - Solving Real user’s problem. What startups are working on “Uber for X”? - Saadhika Devi - Medium. Startups are looking for opportunities that are growing rapidly.
Hence every startup is showing their huge interest in Uber for X. If you want to build your own on-demand business, then go with our latest product Wooberly — Uber clone script. Wooberly helps to build your own on-demand business with 100% customization, helps reach the market quickly and built with the latest technologies Flutter. Flutter is an open-source SDK for cross-platform application development for Android, iOS applications.
What is an Uber clone? How can I create a taxi app? - Judy Robert - Medium. How do I build a MVP product of a Uber-like app? Building a real-time app is a prolonged and dedicated project.
Instead, you can build an MVP of the Uber app, release it in the market and gather feedback from users to comprehend their needs and requirements. Where can I get the free source code for an Uber clone app? You may get free source code, but have you thought about the quality of your product?
Free doesn’t mean it is quality. I would suggest approaching a mobile development company that already has an on-demand Uber clone product. Wooberly is the perfect product for an on-demand solution. How can Uber Clone be beneficial - Saadhika Devi - Medium. How do I start an Uber clone app? - Saadhika Devi - Medium. Designing and building an Uber clone app requires strenuous efforts.
Refurbishing RentALL Airbnb Clone v2.3 - Check Out our New Updates! The latest version of RentALL Airbnb Clone v2.3 comes with the increased website speed, better user experience, and fixed the bugs.
Let’s see in-depth what this version brings. About RentALL RentALL (Airbnb clone) is an online rental marketplace script customizable to any niche sharing economy business model. Solutions such as vacation rental, event venue sharing, bike rental, car rental, coworking, equipment rental, and camp space sharing are implementable using RentALL. The best part of RentALL built with latest technologies, 100% availability of source code, strong foundation for scaling, rich user experience, and pay once to get your whole script backing you with technical support. New Features in RentALL Airbnb Clone v2.3. Reputation of online marketplace with two-way review system. A good review is a valuable asset to any online business.
It’s not just building a reputation, but it also helps to drive profitable business. You may have a good service, your website/app maybe designed with flashing user experience or facilitating a good payment process, but if your marketplace gets a series of bad reviews, people think twice or thrice before using your (online marketplace) platform. The reputation is the central stage of building a successful online marketplace. The review system of the most popular online marketplaces designed where providers and customers can review each other. This post is all about how a two-way review system helps to build the reputation of your marketplace. 6 Critical Success Factors of a Sharing Economy Platform - RentALL.
A business is successful depending upon many factors – Having a good vision of the company, imperative knowledge of the future economy, having a team backboned with experienced and specialized people, and a great leader to get the ball rolling.
As we all know that sharing economy disrupting the existing business model and changing the way we rent and share stuff with others. Business owners foresee it as the next industrial revolution and set their footing towards it. Before starting your own sharing economy platform, you need to be aware of the critical factors to grow and be successful in it. And that’s what this post is about. Let’s go through one by one and examine it. Why Trust is the key to building a successful peer to peer marketplace? SCA and PSD2 regulation: What do you need to know? - RentALL. On October 8, 2015, the European Parliament has passed the proposal of PSD2, aiming to enhance security, innovation, consumer protection and boost competition in the payment market.
The new regulation fully became active between January 13, 2018, and September 14, 2019. However, an additional time period provided to fully implement the new authentication process. Let us help in clearing all the doubts and bring a clear view of PSD2. A clear picture of PSD2 and SCA. Skyrocket your Rental Business with Customer Reviews - RentALL.
A rental business truly reaches success when it deeply connects the customers and helps them improve their life.
To reach the highest success, it is possible only by constant feedback and continuous improvements intertwining customer needs. A customer review can help you recognise the improvements, heavily needed for business and entails other benefits as well. Let’s understand the impact of the customer review on the business and learn how to receive good feedback and deal with bad ones. Increases Trust. Why Insurance is Important for your Peer-to-Peer Marketplace? Insurance – a prime necessity for any business! Every business goes through ups and downs. Likewise, a peer to peer marketplace would hit a few bumps.
Keeping insured would eliminate obstacles resulting in smooth functioning and keeps the owners and customers secure and protected. So, let’s recognise the reasons why insurance is important in a peer to peer marketplace. Insurance secures tangible property like Home, cars, bikes, or any asset. As insurance would help in refurbishing the property if it got damaged or vandalised, the Provider/Host feels secure and safe to rent their property on their marketplace website. Furthermore, Providers/Host like to advertise their property on a marketplace website where safety and security considered as a priority. Mishaps are bound to happen. Car and bike rental companies see physical losses like the collision of the vehicle or bike, theft, vandalism, fire.
People usually invest in something which is safe and highly profitable. How Seasonal Pricing can increase your Online Marketplace revenue? Any online marketplace is successful if it maintains an upward trajectory growth, by generating suitable revenues and gaining profits. The growth is important for the long term survival of the sharing economy business. There are different revenue streams a marketplace can stick to but it all comes down to pricing smartly of your service to gain profit. There are various effective pricing strategies one can avail by the Host/Providers to generate revenue.
One such strategy is seasonal pricing, changing the pricing of the rental service depending upon various factors. How to start your car rental business from scratch - RentALL. Car rental business is lucrative if executed right and be well aware of the commercial sense of the market. The success of the car rental business highly depends upon the location, quality of the fleet and the marketing strategy. This blog post covers “how to start a car rental business and informs the important things that you need to keep an eye on”. Market research comprises data of the customers, competitors, current market growth in the industry and potential risk factors.
Gather data meticulously before you take the plunge. Collect your data by: Speak to the locals about the problems they face in renting a car.Public sources. RentALL Airbnb clone v2.2 - Supporting Stripe SCA. In every new version of RentALL, new features get introduced, changes in the outlook, enhancements to the existing features and the bugs identified gets fixed.
In RentALL v2.2(Airbnb clone), we implemented Stripe SCA and amends a few changes to improve the seasonal pricing. RentALL, as you know, is a customisable online rental marketplace script applicable to any niche sharing economy business model. Solutions such as vacation rental, venue sharing, car rental, coworking, equipment rental, and camp space sharing are implementable using RentALL. Supporting Stripe SCA A newly revised payment service directive (PSD2) will roll out from 14 September 2019 in the European region. Most Promising Car Rental Business Ideas in 2019 - RentALL. How to choose the best payment solution for your rental marketplace? Preparing your Sharing Economy from Local To Global - How to scale? When you have an idea to scale your sharing economy startup, ask yourself how well are you prepared? Chicken Egg Problem in the Marketplace: How to solve it?
Case studies to overcome the chicken-egg problem in the marketplace. Top 6 Innovative ways to improve Rental Sharing Business. Find out the Best Business Model for your Online Marketplace. Case studies to overcome the chicken-egg problem in the marketplace. Advantage of running your car rental business through a mobile app. One thing that comes to mind when you run a car rental business is, managing your invoices, payments, reservation schedule, and your customers. Using a mobile app would ease the managing process. The scene behind the marketplace payment model - Saadhika Devi - Medium. The success of any marketplace depends upon the number of transactions taking place through them. Do you know the actual cost of building an online marketplace?
Marketing is the heart of an online rental business.