webkulsoftware, Author at Global Reports

By the end of 2017, there were 1.6 billion active online shoppers. After that, rental companies jumped at the chance to use this channel. Customers have an easily accessible, reasonably priced, and practical alternative to renting with a rental website. Every year, e-commerce sales rise, and most consumers now prefer shopping online to making a long trip to store. Create an online presence and launch a rental store in Odoo. Odoo rental extensions boost sales, lower running costs for your company, and raise profit margins.

Give consumers a fun alternative to purchasing a thing, rental goods and services are increasingly common among today’s demographics!!

Upselling and cross-selling are two main tactics for boosting online sales. Upselling is when online retailers offer customers better or more expensive versions of the items already in their shopping cart. Cross-selling promotes other product values that are related to the cart.

You should invest your time and money in a number of different marketing campaigns as well. Attract clients with limited-time deals, special discount codes, or calls to action.

Types Of Rental Tenures

For a rental product, there are two distinct tenure types: STANDARD and CUSTOM.
A consumer can only choose from options offered for the product if the standard Tenure is set for it.
Customers can choose any appropriate desired tenure for the product when it comes to bespoke tenure.
Calculation types used in Odoo determines overall cost of a rent.

Important points for adding rental products in Odoo!!

Choosing righteous technology is an important first step in managing a component of your business. This can handle complexities of marketing, pricing, and displaying real-time inventory availability. The responsibilities listed below are crucial for running and managing your department:

Inventory management that is intuitive: The products you rent out, should provide a range of software methods for adding stock. It should be as easy to add one product as it is to add thousands. Make sure your current inventory management system allows you to add items either individually or in large quantities.

A good option must make it simple for workers and consumers to locate, book, and rent properties online. By selecting a program with an integrated, mobile-friendly web store, you may save time and money. Customers view your inventory’s availability. They can easily search for and book additional products in a single real-time system.

Processing for retailers and POS transactions: Your workers won’t need to learn a whole new procedure to use inventory management. Choose a system that can handle barcodes and serial numbers and manages inventory similarly to your current system.

Options for dynamic pricing: Renting by nature contains a time-based pricing component. Longer an item is on rent, the greater your chance of making a profit on your investment. Rental systems are priced at two different levels for “extra” time: $10 first day and $6 for each consecutive day. Making a marginal profit on every sale is key to increasing profitability.

CRM and communication platform: Renting items involves a “closed loop” transaction. In which item is picked up, used, and then delivered back to the store. Make sure the system you select has a communication module to inform workers and customers. When they are due back, and proof that they were returned on time. Customer experiences are improved by features like email and SMS (text) alert capabilities.

Looking for best platform for selling rental products?

Selecting a best platform to run your rental business is not the cherry on the cake. Seamlessly working platform is required to make your sake boost by acquiring a large number of customers.

Well, you’ve come to the correct location because Webkul offers excellent Odoo services. Along with customizing Odoo modules, we offer complete solutions. Along with products, Odoo services are available for support and customization.

We have developed a number of Odoo extensions to incorporate into your website for features and advantages.

For all of your business-related demands, there are numerous Odoo development packages available.

Modules provided by Webkul for selling rental products in Odoo

Rental Management

This module introduces Odoo’s structure and flows to manage your rental and leasing business.
Design suitable programs for a range of goods and services.
Include information about tenures, security amounts, etc.
Create Customers’ contracts in Odoo by individual orders.
Renew contracts in a single click after expiration.

Odoo Website Rental Sale

You can lease or rent items from your Odoo website with the help of Odoo Rental Extensions.
You may control contracts, invoices, and merchandise.
Create rental categories, then assign products to them.
The same website can be used to sell and rent items.
Make product agreements and include them.

Odoo POS Rental Management

Set rates for your products as well.
Set prices for your products using the Uom.
Each product may also have a security deposit.
Once item returns, admin refunds the amount.
For each product, create standard tenures and save them in POS.
While establishing orders for customers, you can use these tenures.
When creating order, you can select the standard tenure.

It makes it simple to rent items and use them for a predetermined amount of time. As a result, Odoo Rental Management Module manages your resources and orders for businesses that rent out goods and services.

This module meticulously builds a dedicated place to manage Rental goods in Odoo. Manage contracts, orders, and products in Odoo. In a separate Rental Sale menu, you may manage product categories and rental agreements. Renters have an option of choosing a custom or established tenure.

Conclusion

One of the most innovative online suppliers of business solutions is Odoo. As a result, there are several companies that specialize in Odoo development and offer Odoo Rental Management services. They tailor their Odoo modules to your particular business needs. As a result, you ought to seek the advice of an Odoo development business. Webkul offers you an ideal answer for each and every one of your corporate requirements. Odoo experts will undoubtedly assist you from the very beginning of your company. Additionally, they will raise stakes in your company.

WooCommerce Multivendor Marketplace is an open-source platform built on WordPress. It’s easy to use and customizable. If you are handy with WordPress then it’s easy to understand. Furthermore, Woocommerce works on almost every technology like PHP, Node Js, React, AMP, Docker, iOS, Android, and many more. It also provides B2B and B2C services to customers. Woocommerce has N number of plugins that will help customers to acquire their goals and targets. Woocommerce Multivendor Marketplace, Woocommerce multi-seller, Woocommerce POS, and Woocommerce connectors with different platforms, etc.

What is Multi seller?

Multi sellers module provides the functionality of adding multiple sellers who can work together. There is no specific extension for Multi seller. Woocommerce marketplace extension provides multi-seller functionality.

Multiple sellers can register their stores on a single website and users can take the advantage of multi-seller profiles.

Furthermore, the Marketplace extension is the combination of multi-sellers and their products. With the help of this extension, the customer can compare the product of different sellers and buys the suitable one.

How Multi-seller works?

Let’s suppose a store owner has a website where they want to sell multiple similar products but with different vendors. Here the multi-seller functionality works and the admin can provide permission to sellers to register in the store.

Now the customer has more than 1 option to choose a product from either seller A or seller B. With this functionality, the admin will get a commission on every sale of each vendor. This will enhance the store’s performance and profit.

What is Woocommerce Multivendor Marketplace?

In Multivendor Marketplace admin and seller, both can sell the products on a single website. They both have separate panels to operate their sales, orders, commissions, products, categories, etc.

Furthermore, the marketplace plugin supports all types of languages so it will become easy to use for customers worldwide. It is also compatible with multiple addons which made the marketplace module easy and understandable.

Customers can use any addons according to their requirements for payments, shipping, commission, wallet system, etc.

The customer can become a seller on the multivendor marketplace and sell their products. There is no bar for it multiple sellers can add to the store.

Advantages of WooCommerce Multivendor Marketplace

The admin and seller both can add all product types in the marketplace store.

The admin can manage the commission for each seller.

Both seller and admin can view and manage the orders from their panels.

The seller will get a Seller Profile, Shop Logo, and Seller Collection Page with Banner Image.

Different types of notifications will be sent to the sellers, admin, and customers.

The admin can manage the shipping options to the store.

The admin can manage inventory settings.

The WooCommerce Multivendor Marketplace is work on one-time fee bases.

There is no recurring fee for the subscription.

Woocommerce Multivendor marketplace helps store owners to gather multiple sellers on one platform.

The separate panels make the work easier.

Easy customization according to the business need.

The admin can also revert the queries of the sellers.

With the marketplace, plugin sellers can do up and cross-sell related products.

Addons in Woocommerce Multivendor marketplace extension

There are multiple add-ons for woocommerce multivendor marketplace extensions that are specifically dedicated to resolving the purpose.

For example: If a store owner wants any specific payment gateway in their stores like Paypal and stripe. So they can use the ready-to-use extensions that will be easy to configure and use.

Same with shipping methods like FedEx, DHS, Aramex shipping, etc. These are the plugins that will help the customer to manage the shipping.

WooCommerce Marketplace working

The marketplace works on many things but most importantly sellers and buyers. Without that there is no marketplace. To set up a new marketplace the store owner needs to add attributes, categories, products, shipping methods, payment methods, commission settings, seller profile settings, permissions, etc.

Once the setting is done from the admin end the seller can proceed with their settings and create a seller panel. For that, they need to register their selves first and needs to complete the profile settings.

Moreover, the seller gets the admin-like panel where they can check orders, shipping, commission, sales, profile, etc.

The sellers can add shipping methods, create products, seller notification, and transaction management. The admin can check the seller’s list at their end and approve and disapprove them.

The admin can enable the order approval as well for sellers so whenever a seller adds a product admin will receive a notification once they approve it the product will add to the store.

Furthermore, the admin has a separate tab for separate settings like commission management, seller approval, feedback management, notification settings, email settings, seller queries, etc.

Overall the WooCommerce Multivendor Marketplace is very helpful to manage eCommerce websites and online stores. This enhances sales, provides an additional source of income to the store owners, and also provides a platform for the sellers.

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