The document proposes six innovative approaches to improve a rental sharing business: 1) Allow booking of additional amenities through a single application like event equipment or car rentals. 2) Provide advanced search filters by location, date, amenities, offers, and ratings to refine search results. 3) Offer competitive discounts and deals compared to other marketplaces, especially on weekends and seasons, to attract and retain customers. 4) Display local events and sights near listings to provide a more informative experience for travelers.

1. Six Innovative Approaches To
Improve your Rental Sharing
Business

2. Big Question?
How does innovation happen?
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3. It happens
◉ When you discover a solution to the
challenges of the existing system and convert
to a workable solution
◉ Having a different business plan disrupting the
traditional rental or market places
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4. So, here are a few
ideas to innovate the
existing rental
marketplace system
Yes!
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5. Provision to book other facilities
through a single application
Isn’t cool?
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6. Cont..
◉ What if the application proposes to users the
option of booking other required amenities like
apparel, electronic equipment, furniture along
with the event booking?
◉ Sameways, provision to rent a car or bike
along with booking hotel rooms.
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7. Providing advanced search filter
Much needed!!
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8. Cont..
One
Search filters are for
refining the results
and finding suitable
content at a faster
pace.
Two
Keeping advanced
filters helps in
eliminating
undesirable results.
Red
Filtering the search
results by location,
date of availability,
amenities, offers, and
rating are primarily
used in all the
booking sites.
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9. Providing good offers compared
to your competitors
Oooo.. Did anyone say
offer?
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10. Cont..
◉ Offers and freebies attract many new
customers. Giving a good discount during the
weekend and seasonal times would retain
more customers to your marketplace.
◉ Airbnb email and SMS the discounts and offers
to users based upon their search history. They
offer $15 off for guest referral and $200 for
host referral.
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11. Events near me – Explore new
events near you
What’s cooking?
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12. One
When you travel or go on a
solo vacation to a new city,
the first thing we do is Google
about the place’s history, live
events, and sightseeing
places near where you live.
Cont..
Two
Instead of using Google,
giving all this information in
the booking platform would
be a time-saving feature for
the user.
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13. Customer Service
Welcome with open heart
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14. Cont..
◉ Be there for them during a dire situation.
◉ Giving support during tough times would
increase their trust and builds a bond.
◉ Solve their queries through phone or
messenger.
◉ Send a personalized welcome and thank you
notes is a sweet gesture.
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15. Making use of Artificial
Intelligence
It’s Robo time!!
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16. One
AI is redefining our
interaction with technology.
With the help of Deep
learning algorithm, the search
feature enhanced to give
better search result, aligning
to the perspective of the user.
Cont..
Two
According to the search given
by the user, the algorithm
ranks the listing accordingly.
Addition to the search query,
the algorithm uses the user’s
data such as past bookings,
the listings clicked on, and
the amount of time you stay
on a page. 16

17. In Conclusion
We have come to the end.
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18. Cont..
◉ All these points are few examples compared to
the real-world challenges.
◉ Innovate to create a helpful community, equal
sharing of resources and also a profit out of it.
◉ So, let’s welcome new changes!
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19. Want to create your
own innovative
rental website? Try
RentALL
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20. Any questions ?
You can find us at
◉ Email: support@radicalstart.com
◉ Skype: radicalstart
◉ Website: www.rentallscript.com
Thanks!
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