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The rental economy has been taking off as an alternative for corporations to become more socially responsible and practice a more sustainable way of doing business. Not only that, this means you have an inventory that eventually pays for itself, giving you the chance to continue to make a limitless, healthy profit on an item.
We’ve decided to navigate through the Business Activity Codes (BACs) of different industries that operate within the rental economy and analyze their respective revenue in recent years. So here are the top five most promising sectors if you’re thinking of starting a rental business.
In second place, renting intellectual property means allowing others to use products and similar products for which a royalty payment or licensing fee is paid to the owner of the product.
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In here you will find the renting of tangible and non-financial intangible assets, such as power is an the a an tools, cleaning equipment, construction equipment and other big machinery.
Last but certainly not least, we arrive at equipment that is related to parties and events. Think of birthdays, weddings, team retreats… what do all these events have in common? They don’t happen very often. Only once a year or even less. So it comes to reason that people are looking for affordable, sustainable options to conduct these events without having to buy all the necessary equipment to do so.
In second place, renting intellectual property means allowing others to use products and similar products for which a royalty payment or licensing fee is paid to the owner of the product.
Last but certainly not least, we arrive at equipment that is related to parties and events. Think of birthdays, weddings, team retreats… what do all these events have in common? They don’t happen very often. Only once a year or even less. So it comes to reason that people are looking for affordable, sustainable options to conduct these events without having to buy all the necessary equipment to do so.
