G
Guest24480
Guest
I understand that rental systems are at the top of the list for passive income entrepreneurship (read this in TMF ), but does this include rentals of physical products? Or would that fall in a different category like distribution systems?
Also, if I were to approach something like this, how would I ensure that the products I am renting out are delivered back to me? What kind of pricing approach should I take (i.e. 5% of actual price of the product, 10%, 15%, etc.) to ensure that the value that the customer is receiving is higher than the price? Does this typically only work in a local setting? Maybe I'm looking too far ahead but I'm curious..
What are some good examples of successful businesses based on this model? First one that comes to mind would be movie rentals through the mail which is obviously a dying model, but I can't really think of many other examples.
I feel like it has to be a certain type of product for this to work (obviously nothing consumable or easily damaged). It would need to be something relatively expensive and out of a consumer's price range for them to want to rent it.
So maybe this isn't the greatest idea with a lack of capital, but I'd be interested in hearing other people's opinions this type of model because I may be missing something in my thought process.
Thanks in advance.
Also, if I were to approach something like this, how would I ensure that the products I am renting out are delivered back to me? What kind of pricing approach should I take (i.e. 5% of actual price of the product, 10%, 15%, etc.) to ensure that the value that the customer is receiving is higher than the price? Does this typically only work in a local setting? Maybe I'm looking too far ahead but I'm curious..
What are some good examples of successful businesses based on this model? First one that comes to mind would be movie rentals through the mail which is obviously a dying model, but I can't really think of many other examples.
I feel like it has to be a certain type of product for this to work (obviously nothing consumable or easily damaged). It would need to be something relatively expensive and out of a consumer's price range for them to want to rent it.
So maybe this isn't the greatest idea with a lack of capital, but I'd be interested in hearing other people's opinions this type of model because I may be missing something in my thought process.
Thanks in advance.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
