Due to the minimalist lifestyle approach of millennials, the demand for furniture rental is on a surge. In contrast to the traditional way of carrying old furniture to the new house, a great deal of 21st-century consumers instead prefer the renting option. The advancement in technology has also brought both the renting and buying options closer to consumers more than ever, and the market share forecasts of the online furniture rental industry indicate a promising future.

The million-dollar question that still remains is the business model

To help you understand how the online furniture rental marketplace works, we have discussed its business model below.

In this business model, mainly three entities are involved.

Website visitors who are the rentee
The admin who is the usually the owner of the website
Furniture manufacturers, merchants, and individual dealers collective known as vendors

How the Model Works:

Step 1: The vendors upload their furniture at a specific rental cost
Step 2: The interested rentee deposits the entire amount plus security to the admin
Step 3: The admin processes the amount to the vendors after deducting his commission
Step 4: The vendor delivers the furniture product to the rentee
Step 5: On return, the vendor conducts a thorough inspection for damages
Step 6: In case if no damages are found, the admin returns the security amount to the rentee without any deductions
Step 7: If the product is returned in damaged condition, the admin deducts the repair costs from the security and transfers it to the vendor

Some of the popular furniture rental marketplaces that are thriving on a similar business model are CORT (USA), Fully Furnished (UK), Pabs (Australia), and Furlenco (India).

Starting online marketplaces also appear lucrative to entrepreneurs due to the multiple revenue streams that are available on an eCommerce store. We have discussed some of these streams and the essential features of an online furniture rental store in our detailed article that you can read here.

Shopify is one of the best systems to launch online store in minimum time. It has countless features and long lists of happy clients too. In fact, everyone out there prefers to check Shopify before any other ecommerce platforms to develop online store. But I recently compared some online stores powered by Shopify with the demo of online stores by YoKart. And honestly, I found YoKart better than Shopify. To let you know what makes me say this, I have detailed below few points of my analysis of both eCommerce systems.

Meta Title: YoKart has a special provision that automatically updates the title of a product as Meta title of the page. On the other hand, the product titles in Shopify are not search engine and user-friendly. Although there is an option in the latter to change the titles as per your needs, it becomes a tedious task where there are thousands of product pages.

Meta Description: Like above, there is a problem of non-user-friendly Meta description in Shopify, where the system automatically picks the description and does not ignore the symbols. However when it comes YoKart, I found that the system keeps the Meta description search engine friendly as in the case with titles.

Social sharing icon: There are social sharing options provided in both the systems, however, YoKart has an edge over Shopify for offering more options.

Product explainer video: There is a special provision in YoKart for including product explainer video. This is highly useful as it makes the product page more informative. This option is not available in Shopify.

HTML sitemap: In Shopify, there is no option of generating an HTML sitemap. In some cases, this is not ideal. YoKart, on the other hand, makes it easy to create HTML sitemap page containing all the links in a chronological manner.

Security and payment gateway icon: This is one of the biggest criteria when it comes to the online store. As security is paramount in the current ecommerce sector, an online store must properly indicate the payment gateway it uses as well as the level of security compliance in order to garner consumer trust. YoKart has this option built in while Shopify does not support such option.

+Starting price: For small businesses who want to expand their business online price is a major factor. While YoKart starts at $250 for one year, Shopify costs ($29x12) $348 for one year.

-Storefront design: This is where Shopify takes an edge over YoKart. There are options in Shopify for incorporating unique designs via custom themes while YoKart does not support the same.

Although there are many other features offered by them, in the end, it all boils down to choosing the platform that will be the optimal choice for your online store. Both of them are formidable products, but when it comes to the end product they differ very much.

Only a good and unique business model will make money for startups. Following are some top and unique business models that you should be know before launch an online business:

#1. Online Business Idea – eCommerce Store
The idea behind ecommerce marketplace with multivendor features is to allow people, or companies, to create online Store and post their products for sale. Any vendor can create an eCommerce store on the website and start to sell their products. The website owner takes a share in the form of commission for each item sold. YoKart is one of the top eCommerce platforms to launch feature rich online store.

#2. Earn Money by Running – Daily Deal Portal
A daily deal website helps people across the globe discover and purchase best local deals. It is popular business model which notifies customers about the deals they might be interested in through regular emails. This in turn creates a marketplace that certainly helps customers in landing the best deals out there, but also helps merchants in getting more and more orders. YoDeals is best solution to start daily deals website.

#3. Money Making Business Model– Online Custom Tailor Store
In recent times, custom clothing website have gained much popularity. As the name suggests, this website provides an online platform where customers can get custom tailored clothes by providing their measurement and style specifications. The future of online shopping is all about bespoke clothing and a web portal offering that service can attain great success. You build an online portal where users can select fabric, design it as per their style, and you get the stitched piece of clothing delivered to their doorstep. Stitch is the name if you want to launch online custom tailor marketplace that make money for you.

#4. Money Making Business Idea – Online Food Ordering Portal
Home delivery has been the part of hospitality industry for a long time. With eCommerce coming into picture, online food ordering portal have become the need of the hour. These portals tie up with local restaurants and provide a portal to order online food. you can easily start online food ordering website with yo!yumm

#5. Online Money Making Business Idea- Service Marketplace Script
Yo!Gigs is an all-round solution for entrepreneurs looking to start a service professional marketplace. The innovative script has been meticulously designed to make online hiring of service professionals a breeze. It is integrated with robust search and task creation functionality. This makes the overall task creation process a walk in a park for users. There are dedicated dashboards for task seekers as well as service professional offering ample information. The aesthetically designed front end with powerful backend options simplify task discovery for service providers so that they do not find it difficult to find new tasks.

Please let me know in case you want to know more on these business models or want other one.

weblabs:
Hello Sandeep,how are you and work? Can you drop your contact details?

Hi Weblabs, First of all I want to say sorry for late reply. Work is going very well. Please use following contact details to get in touch.
connect[@]fatbit[.]com
+91 85919 19191
or fill contact us form on website fatbit[.]com/website-design-company/enquiry.html

If you are thinking of starting your own multivendor ecommerce website, then, now is the best time. The ever popular YoKart multivendor ecommerce system has slashed its prices by up to 80% for limited period. You can now get this custom ecommerce system with advanced features like order processing, customer groups, robust reporting and intuitive interface for as low as $250. Visit http://www.fatbit.com/website-design-company/multi-vendor-ecommerce-system.html for more details on this offer.

According a recent research on multivendor eCommerce script, I list out some features that must require in a multivendor store. I used top multivendor eCommerce system (Shopify, cs.cart, Yo!Kart bigcommerce, volusion) for this purpose.


Top Features of A Multivendor Ecommerce Store Script
Make everything intuitive
Secure your website
Lend control to merchants
Make merchants smile
List as you wish
Automate demanding tasks
Benefit from Google
Get repeat customers
Take informed decisions

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