[PDF] Managing rental car businesses in the new economy: Using a

What is a good business model for a car rental business?

A robust and reliable business model to start a car or vehicle rental business must offer the renters easy access to vehicles and an easy payment mode, and at the same time allow the vehicle owners to easily list their vehicles, manage bookings and payments, and maintain their profile.

How do you build a successful car rental business?

One of the most important steps in starting a car rental business is to develop your business plan. The process of creating your plan ensures that you fully understand your market and your business strategy. The plan also provides you with a roadmap to follow and if needed, to present to funding sources to raise capital for your business.

What are some revenue-generating ideas for a car rental business?

Banner Advertisement – creating advertisement banners will help generate revenue through every ad view. Therefore, one user will lead to more than one way of revenue generation. Advertisement banners can be relevant and intriguing and therefore enhance the traction of your car rental business.

How do car rental companies make money?

Booking Fee Commission – a nominal fee is charged by the car rental platform owner for every booking made through the platform. This is a great form of revenue generation as there is a consistent inflow of cash with each and every booking. Banner Advertisement – creating advertisement banners will help generate revenue through every ad view.