Vehicle Rental business in India is flourishing with each passing day, and several car dealers in India are shifting towards running a rental business to increase their revenue and get in touch with more buyers. However, running vehicle rental services comes with numerous challenges. From finding customers to managing bookings, payments, and promotions, everything takes time and effort.
But what if there were a platform that could make this simple for you? Droom, India’s leading automobile e-commerce company, brings you just that- an easy way to rent out your vehicle and grow your business. With its strong roots in trading, SaaS products, and services in the automobile industry, Droom has now launched its own rental platform – Droom Rental. The platform empowers both SMEs and large enterprises to list their fleets for rent absolutely free, with no cap on the number of vehicles they can offer.
5 Things You Can Do to Maximise Earnings from Vehicle Rentals
If you’ve got vehicles to spare, renting them out can be a smart way to bring in extra income. With platforms like Droom Rental making it hassle-free, here are five easy ways to make the most out of every listing:
1. Choose a Platform Where Listings Stay Live 24/7
If you have recently set foot into the rental business and are looking to rent out your vehicle, you need a platform where your vehicle listing stays live for a longer period of time. Through Droom Rental, users gain access to increased customer reach while their brand presence expands by two times. Here’s how it works:
- Increased Visibility: With a platform like Droom Rental, your listings stay live all the time, giving your vehicle rental service constant exposure to potential renters. More people can see and book your vehicle anytime it suits them.
- Reach Customers in Different Time Zones: Having your listings live 24/7 allows you to attract customers from various regions and time zones. This helps your vehicles get rented out to a larger group of people without being limited by business hours.
- Better Chance of Quick Bookings: Customers are more likely to book your vehicle rental services immediately when they see them available. The longer your vehicle is visible, the more likely someone will rent it out.
Expert Tip: To rent out your vehicle easily and securely, make sure your listings are clear and detailed. This will improve your chances of getting noticed by potential customers.
2. Start With Zero Financial Risk
The process of starting a rental business in India carries notable risks if you need substantial initial investments. The greatest advantage of the Droom platform is its ability to launch operations without any cost. You only need to pay a service fee when you get booked, creating zero financial risk because there are no setup expenses or monthly fees on Droom.
- No Upfront Investment Required: Unlike traditional business models that demand initial capital, Droom lets you start without any financial commitment. You don’t need to spend money on website development, marketing materials, or customer acquisition tools. This risk-free approach is perfect for both individual, business, and corporate vehicle rental providers.
- Success-Based Service Fee: Droom’s business model ensures you only pay when you make money. Droom requires payment of its service fee post-booking success, thus eliminating charges in cases where the booking fails to materialize. The payment system reflects shared objectives between Droom and its customers because they earn their fees only through successful bookings.
- Unlimited Vehicle Listings: Users can post countless listings through the platform at no extra charge. The Droom platform allows complete fleet display so customers can book vehicles through rental services at no additional cost.
Expert Tip: Your established, reliable vehicles should be your first listings for creating solid ratings and reviews before you explore additional vehicles based on market feedback.
3. Manage Everything from Anywhere
Droom’s platform enables owners to run a vehicle rental business in India through a free online system accessible from any place and on any device.
- Access Your Listings Anytime: With Droom’s easy-to-use interface, you can access and manage your listings on any device. This allows you to update vehicle availability, prices, and booking details from anywhere at any time.
- Track Your Earnings: Rental providers can monitor their bookings and earning data alongside submissions through the dashboard interface and also receive feedback from customers. Dashboards for rental providers supply the necessary information that helps them make sound business decisions through order tracking.
- Customer Interaction: Knowing how to handle customer queries enables easy and secure vehicle rentals. Attend all inquiries about availability and prices, along with booking procedures, both swiftly and reliably. Rapid responses help both maintain customer interest and simplify the booking procedure.
Expert Tip: Enable mobile device push notifications to get alerts about new reservations, together with incoming customer communications.
4. Earn More Even After Service Fees
Even with Droom’s service fee, you’ll likely earn more overall because the platform eliminates many traditional business expenses.
- Reduced Marketing Expenses: When operating independently, rental providers spend a lot on marketing. Droom minimizes your marketing costs and connects you with potential customers. This way you get to focus on enhancing your service quality or growing your fleet operations.
- Lower Operational Costs: The efficient system at Droom simplifies your process of managing bookings and customer inquiries while handling payments for you. The operational savings created by Droom build up rapidly for businesses with a small to medium rental provider profile.
- Increased Vehicle Utilization: Greater user visibility allows your inventory to attract millions of potential buyers who will create additional revenue. Droom plays a crucial role in maximizing rental days to ensure profitability.
Expert Tip: Establish weekend deals together with weekday corporate pricing to maintain steady bookings across the entire week, thus optimizing vehicle utilization and company success.
5. Get Started in Five Simple Steps
Getting your rental business up and running on Droom is quick and straightforward, even if you’re completely new to online platforms.
- Sign-up and Onboarding: Register on Droom.in/proseller, provide business details, vehicle info, and address, and complete KYC/GST to activate your account.
- Create Listings: Add detailed listings with prices, pictures, and descriptions. Submit for approval; once approved, go live with your listings.
- Receive Orders: Gain exposure to Droom’s 20 crore visitors, increasing your chances of bookings. Once a customer selects and books your vehicle, the order will be confirmed.
- Fulfill Orders: Process bookings efficiently, manage inventory, and ensure timely delivery or service completion based on customer requirements.
- Get Paid: Payments will be processed and transferred to your account within 7 working days.
Expert Tip: Respond to bookings quickly. Fast replies lead to more confirmed orders and better reviews.
Conclusion
Droom Rental represents the most secure solution for current rental operators or startups who want to build their business because it provides everything needed to expand. Your business can reach 20 crore customers using Droom Rental’s services without any initial financial costs and get remote management platform tools.
Droom Rental takes care of challenging elements in running a rental operation, including customer acquisition, marketing, and payment processing, so that you can focus on running your vehicle rental services. Don’t miss out and tie up with the largest Indian automobile marketplace for your rental business transformation.