A new marketplace called Releaseit is getting ready to disrupt the way consumers shop for goods. Its goal is to make it easier for consumers to rent goods.
Peter Krideras and Steve Kulmar founded Releaseit, a marketplace that lets consumers rent goods.
Kulmar said the goal was to help consumers avoid getting cluttered with multiple options when it comes to renting.
The future of discretionary retailing will involve a focus on the circular economy.
Due to the rise of eco-friendly consumerism, the demand for rented goods is increasing.
Releaseit has partnered with 30 established rental companies, such as Glam Corner, Jucy, Car Rentals, and Anyboats. These companies will be able to offer their services to Releaseit’s users.
It is developing a peer-to-peer business where consumers can rent out their unwanted goods to other people nearby. This will allow them to generate a new revenue stream and avoid having to purchase new items.
It has signed up 50 rental businesses and is aiming to have 25,000 deals by October 15.
Similar to the ClickFrenzy model, Releaseit charges rental companies a small fee when their customers click through to their websites.
For people wanting to rent out their homes, Releaseit is a platform that enables them to do so without having to go through intermediaries.
The sharing economy is valued at almost $7 billion in Australia. According to IBISWorld, the value of the rental market is based on the fact that the average household has around $5800 of unused goods and services.
No one has been able to get into the peer-to-peer rental market, which is where most people are looking for accommodation, he said.
Most people have a pile of used items that they no longer want to sell or give away. This is a great way to get rid of them without having to sell them on eBay.
The concept of releasing value was compelling, and it could help people to get rid of their idle possessions.
Other online market places like Onceit are also growing in popularity with their wide range of products form many retailers. You can save when you shop at Onceit online with a Onceit discount code.