Rentipid

Rentipid is an online marketplace for Peer-to-Peer rentals. It allows owners of any stuff to share their items to the community of Renters. Members of the online community can rent items that they will use only for a short period of time. Rentipid provides opportunity for owners to earn additional income from the items they don't use much and can be shared to the community for rent. It also helps renters or borrowers to save money because of lower cost of renting items for short period usage instead of buying them for the full price. Rentipid leverages the social networks to connect people with things for rent and would want to rent items. Rentipid promotes trust within the community of Owners and Renters.You can visit www.rentipid.com for more details and be connected in our FB Page (facebook.com/rentipid) for the news on our upcoming beta launch. We are excited to be part of this challenge and envision to scale up our product to other parts of the world.
Categoría de tu proyecto
Consumo/Producción colaborativa
Cómo se diferencia tu producto o servicio de lo existente en el mercado?
Rentipid leverages the social networks of the community to make sure that we tap on the market where we can establish trust within the community of owners and renters. Our platform is designed to be using the RWD (Responsive Web Design) to make sure it is usable to any device connected to the internet.
Describe el impacto social que genera tu solución
Rentipid helps people who owns unused or extra items to earn by sharing them to other people in the community that needs those items for short period of time. Owners earn money by renting out or sharing their things and Renters save money by renting or borrowing things that they need for short period of time instead of paying for the full price
Descripción breve de la sustentabilidad económica de tu proyecto
Rentipid's financial business model covers: (1) Profit from Advertisements (e.g. Paid advertisements, Google Ads) (2) Profit from Paid Posts or Premium posts by premium paid users (3)Profit from escrow services functionality where the platform can cater for online payments and reservation fees with percentage profit from the transaction
¿Cómo es la escala de tu proyecto?¿Zonal, regional, nacional o globlal? ¿Por qué?
Rentipid builds within the local community and it is scalable to National up to Global groups or communities. This is possible because we are tapping social networks and can build many different communities of renters and owners from one area to bigger areas (like Regional or Global)
¿En qué etapa se encuentra tu proyecto?
Testeo
¿Tu emprendimiento se encuentra constituído en algún país?¿Cuál?
Philippines
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This one is a very nice idea!
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hace 10 años
Thank you Ezon!
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hace 9 años
What are the main uncertainties associated with your startup?
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hace 10 años
Thanks for your question Tomás! One of the main uncertainties/challenge with this idea is on building of trust within the community. We understand that there are different cultural/social differences when this is scaled up to different regions/locations and that is something we need to work on, test and learn approaches to build trust within the Owner and Renter communities. Our starting point for this is leveraging the existing social networks/connections
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hace 10 años
What would be your main actions to build trust during the first 3 months of a pilot version in a low income community?
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hace 9 años
For the first months of pilot version, we are thinking to test the following and identify best results we can continue to build on trust in a low income community. These are on top of the main idea that our main leverage is via the existing social networks in the community:
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hace 9 años
#1 - 1. Activate social/community involvement by gathering feedback on “renting experience” and this involves questions related to actual (percentage) savings on the renting experience, success stories on earnings from renting, good/bad experience on borrowing and meeting new people. We can publish this on the platform or be featured so that the community can see how people who early engaged into the platform have experienced on financial (saving and earning), security and overall experience.
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hace 9 años
#2- We can feature a list of items for rent that is widely used by the community and this can provide ideas on (a) what are the items for rent that provides more savings to low income community based on the current experiences and (b) what are the items shared to the community that produces more income to the owners so owners can see/find value on things they own that they can share for a profit
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hace 9 años
#3 - Tap existing groups (e.g. groups of campers, groups for cars, groups for photography) and make them part of the renting community leveraging their networks that may already have borrowing/renting activities and also has existing trust within the community
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hace 9 años
#4 - Tap reputable rental companies and provide them options to lower their premium subscription cost or make it free for a period of time by lowering the rental fee on their items when rented via Rentipid.com. This can be a test for the first months but can be continued to be a partnership with rental companies to lower their rental fees if they will publish via rentipid.com
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hace 9 años

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