With more people getting familiar with the sharing economy, rental businesses such as cars, heavy equipment, and Furniture have experienced tremendous growth. The rental business economy is experiencing a boom with new startups in multiple industries. The most dominating niches include car rentals, heavy equipment rental and vacation rental businesses.
A dedicated eCommerce platform helps you in launching a secure, scalable, and robust rental business with advanced functionalities. So, it requires to be careful while selecting the right rental software with features that make your business standout from competitors.
The essential features of an eCommerce marketplace Software can include:
- Inventory management
- Customer management
- Seller dashboard
- Admin panel
- Order Cancellation
- Bulk volume discounts etc.
Below is the list of 5 best eCommerce platforms that can be used to launch a marketplace with advanced features.
1. YoRent
Yo!Rent is an eCommerce platform that helps in launching single-vendor and multi-vendor eCommerce marketplaces. The businesses developed using Yo! Rent has the rental as well as sales functionalities, which can be turned on/off by the sellers and marketplace owners.
The platform has dedicated modules such as inventory management, agreement management, late return Module, rental security management, Product Inspection, order management, product comparison, etc to ease the business operations.
Yo!Rent helps business owners in creating B2B and B2C eCommerce platforms at any scale. The exclusive dashboards for sellers, vendors, and an admin panel for the marketplace ensure streamlined management across the platform.
Yo! Rent-a complete online rental software is available at a one-time cost with no hidden charges.
- Web URL: https://www.yo-rent.com
- Launched/Started: 2015
- Country: India
- Suitable: Small, Medium & Large Sized Businesses
- Demos: Industry-specific and Free personalized demos available
Best Features:
- Completely White Label Solution
- Caters 30+ industries
- Industry-specific design
- No coding knowledge required
- Fully Customizable
2. ShareTribe
Sharetribe is a versatile platform to build a rental marketplace for your online business.
The SaaS software helps you in launching the business in less period of time with a Minimum Viable Product which can be modified later. With Sharetribe, you can build marketplaces like Airbnb, eBay, StockX, etc. Sharetribe is a completely scalable platform and is suitable for scaling businesses at all levels.
The software comes in two different versions which can be chosen depending on the level of your business. The GO package acts as a minimum viable product while the Flex package comes as a fully-customizable product as per your business requirements.
Sharetribe however, is a SAAS-based product with recurring payments starting at $79 per month.
- Free Trial Availability: 30 days
- Web URL: http://www.sharetribe.com
- Founded in: 2011
- Country: Finland
- Suitable: For eCommerce marketplaces and rental businesses
Best Features:
- Beautiful web templates
- Powerful Admin Console
- Customizable data storage and search engine
3. Arcadier
Arcadier is a platform to start a rental eCommerce business quickly. The company has been in existence since 2013 and is based in Singapore. The marketplaces built using arcadier are functional with major specs required in a rental marketplace, but certain Add-ons might be required to make the platform fully rent-centric.
This platform is constantly updated by the developer team and no extra charges are taken from the business owners for the same. Major benefits of Arcadier include scalability, security, speed, and any type of customization required by your rental business.
Arcadier has monthly and annual subscription plans starting from $99 per month.
- Founded: 2013
- Located in: Singapore
- Suitable: For scalable and secure rental businesses and eCommerce marketplaces
- Trial: 30-day trial available
Best Features:
- Completely white-label
- Unlimited listing
- API library to extend the functionalities
4. Squarespace
Squarespace is an American firm that specializes in website development and hosting. It provides Software as a Service (SaaS) software for building websites using pre-designed templates similar to WordPress. To create a website you can use editors with important elements using page builders. You can create awesome landing pages, interactive forms, etc. using Squarespace.
Squarespace is more like a website builder than an eCommerce platform but allows you to build websites on several eCommerce niches along with a CMS.
- Web URL: https://www.squarespace.com
- Launched/Started: 2004
- Country: USA
- Suitable: For any type of eCommerce website
Best Features:
- Fully managed
- Flexibility in Design
- Pre-ready templates available for almost every niche
5. Genstore
Genstore is an open-source eCommerce platform by Shopygen. It is a marketplace solution built on top of the MEAN tech stack that makes it highly scalable and secure. The platform has detailed documentation that helps users with earlier troubleshooting.
Genstore has integrated multiple third-party APIs to smoothen the process of online selling. Additionally, social media has been paid more attention as the Facebook messenger has been integrated to conversate with sellers and vendors. This software is however not a complete solution to start a marketplace at the global level.
- Website: shopygen.com
- Founded: 2000
- Country: Thailand
- Suitable: For Online selling businesses
Best Features:
- Developed using an efficient technology stack
- Responsive design
- Fully Scalable
- Robust admin panel
Conclusion:
The eCommerce platforms listed above have been in business for several years and have successfully created multiple marketplaces. You need to be quite selective on the rental eCommerce platform you choose as not all the options available support rental as well as sales operation and you might need to pay extra costs for the customizations. Checking out demos of the platforms will surely help you in making an informed decision on your rental business idea. Lastly, it is highly possible for you to prefer a business software not mentioned in our list.