Tag: rental business ideas

  • 60+ Land Business Ideas to Start on Empty or Vacant Land and Boost Income

    Land is an asset and one of the most profitable assets indeed. Though we are surrounded by water on all sides, the land is what we need to survive. With the spread of civilization, land has become a scarce entity that needs to be conserved and used with utmost judiciousness and an eye to the future. Wondering how you can make money with empty land in India? Don’t worry; we’ve listed 61 business ideas for vacant land to make money from!

    There is a wide range of land businesses that you might look up to use your vacant land to its full potential, but first, you need to consider some elemental factors like – The size of the land, Location of the land, Zoning laws of the area, Source of water, Safety hazards and precautions, Quality of soil and its composition, Vegetation and more. You can start a land related business to generate steady income from your unused property. Explore business ideas for empty land, such as starting a community garden, setting up a small event venue, or creating a solar farm.

    Below are business ideas you can use to make money from your vacant land on a temporary or permanent basis, depending on the type of business you choose. So, let’s dive into empty land business ideas without any further delay:

    # Idea Description Investment Level Revenue Potential
    1 Farming Grow crops or rear animals for sale Medium to High Medium to High
    2 Outdoor Advertising Rent space for billboards Low Medium
    3 Storage Space/Warehouse Build or lease storage units High High
    4 Plant Nursery Sell plants, flowers, and gardening tools Medium Medium
    5 Firewood Business Cut, store, and sell firewood Low Medium
    6 Build a Spec House Construct a house to sell for profit High High
    7 Amusement Park Set up rides and games for families Very High Very High
    8 Events Centre Host weddings, parties, and meetings High High
    9 Training Grounds Offer military, fitness, or police training spaces Medium Medium
    10 Children’s Educational Centre Learning center with nature-focused education Medium Medium
    11 Athletic Fields Sports fields for rent or public use Medium to High Medium
    12 Golf Course Private or public golf course Very High High
    13 Railroad Storage/Access Lease land to rail companies Low Medium
    14 Restaurant Garden Farm-to-table dining experience Medium Medium
    15 Cell Phone Towers Rent land for telecom towers Low High
    16 RV Storage Store recreational vehicles Medium Medium
    17 Campground Tents, cabins, or RV camping Medium Medium to High
    18 Solar Energy Lease to solar companies or install panels Medium to High Medium to High
    19 Dairy Farm Milk production and dairy processing High High
    20 Horse Stable Rent stables or offer horse training High Medium
    21 Wool processing Process and sell raw wool Medium Medium
    22 Summer Camps Educational or adventure camps Medium to High Medium
    23 Petting Zoo Farm animals for kids to interact with Medium Medium
    24 Ice Rink Seasonal or year-round rink High Medium
    25 Vineyard Grow grapes and make/sell wine High High
    26 Junk Yard Scrap and sell car parts or metal Medium Medium
    27 Outdoor Shooting Range Licensed shooting facility Medium Medium
    28 Biking/Zipline Adventure tourism with biking trails or ziplines Medium Medium
    29 Beekeeping Sell honey and beeswax Low Medium
    30 Antiques Market Set up antique shops or flea markets Low Medium
    31 Farmers Market Rent stalls to local farmers Low Medium
    32 Yoga Studio Outdoor yoga and wellness sessions Low Low to Medium
    33 Parking Lot Convert to paid parking Medium Medium
    34 Racing Events Host car or bike races High High
    35 Agritourism Tours, stays, and activities on a farm Medium to High Medium to High
    36 Electrical Substations Lease to utility companies Medium Medium
    37 Film Locations Rent for movies/TV/ad shoots Low High
    38 Photoshoots/Photography Site Rent land for photography Low Medium
    39 Bird Watching Eco-tourism setup for nature lovers Low Low
    40 School Field Trips Educational tours and demos Low Low to Medium
    41 As a Collateral Asset Use land as security for loans None Indirect
    42 Resort/Villas/Tents/Tree Houses Build eco-luxury stays High High
    43 Herb Garden Grow herbs for sale or processing Low Medium
    44 Drive-in Theatre Outdoor movie screening space Medium Medium
    45 Tiny House Estate Rent tiny homes on land Medium Medium
    46 Rent/Lease it Out! Passive income through leasing None Low to Medium
    47 Pet Park Safe open space for pets Low Low
    48 Harvest Timber Sell wood from forested land Low to Medium Medium
    49 Wind Energy Set up turbines or lease to companies High High
    50 Pave a Biking/Walking Trail Build and rent access for trails Low to Medium Low
    51 Spiritual Sanctuary Meditation/yoga retreat Low to Medium Medium
    52 Outdoor Art Installation Open gallery or sculpture space Medium Low
    53 Pop-Up Facility Short-term event hosting Low Medium
    54 Sports Fields Rent for cricket, football, etc. Medium Medium
    55 Paintball Facility Outdoor adventure game zone Medium Medium
    56 Community Garden Plots Lease plots to individuals/families Low Low
    57 Hunting Property Seasonal game hunting (licensed) Medium Medium
    58 Concert Venue Live music events and festivals High High
    59 Landscape Supply Business Sell mulch, stones, sand, etc. Medium Medium
    60 Nature Preserve Keep land as a protected ecosystem Low Low
    61 Off-Grid Cabins Self-sufficient cabins for eco-tourism or retreats Medium Medium to High

    Farming

    Farming - vacant land business ideas
    Farming – Empty land business ideas

    Agriculture is one of the fastest-growing and demanding sectors in today’s world. Agricultural business means producing and marketing agricultural commodities such as livestock and crops. Your motivation for starting a farming business is the thing that will directly impact your strategy. You can plant food crops that you can sell locally or export. Agriculture-related businesses, when carried out with appropriate planning, passion, and dedication, can reward you with a very good income.

    Outdoor Advertising

    Business ideas for vacant land to make money
    Outdoor advertising – vacant land business ideas

    If your land is beside the highway or in any other strategic location, you can put up billboards on the land and charge the advertisers for displaying their adverts on your billboards. This type of business can be one of the best highway business ideas that can earn you a consistent passive income over a long period. As a business on highway land, it can generate profit for your business.

    Storage Space/Warehouse

    Starting a warehousing and plotting business is not possible without hard work. There are two sides to this business – the first is constructing/providing the space for the warehouse, and the second is offering warehousing services.

    Some points you have to consider before starting this business:

    • Location of the warehouse.
    • Land should be flat enough so that no landfilling is required.
    • Should have an excellent approach road to the land/plot.
    • The plot/land should have a good width on the road for better movement of vehicles.
    • The layout of the warehouse depends on the shape of the land ideally, it should be square or rectangular.
    • The plot business should ensure that the land/plot offers the necessary facilities for income from vacant land water and electricity.

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    Plant Nursery

    Business ideas for vacant land to make money
    Plant Nursery – empty land business idea

    The world today has a great sense of fashion in everyday work. Gardeners are now showing more interest in finding new varieties of plants. The nursery business is very profitable and demanding, and you can easily run your own plant nursery business without any hassles. The primary step is the availability of land. This land must have the basic qualities of land for farming. A successful nursery offers a wide variety of young plants to customers who purchase the plants individually or in bulk quantities.

    Firewood Business

    Firewood Business - Vacant Land Business Ideas
    Firewood Business – Vacant Land Business Ideas

    If your land is stocked with trees, you can use it as a source for timber or firewood to sell. However, processing of firewood is necessary, and these woods shall also be moved from one location to another, so there needs to be a facility to do that.

    Build a Spec House

    Housing - vacant land business ideas
    Housing – vacant land business ideas

    The demand for housing is strong, and real estate markets are booming. Building a single-family house, a multi-family dwelling could be the best use for vacant land. Investors typically make their money on spec homes in one of two ways. They can finance a percentage of the construction cost (lend money to a builder) and earn interest or share in the profits once the home is sold.


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    Amusement Park

    Business ideas for vacant land to make money
    Amusement/micro parks – vacant land business idea 

    An amusement park business is perfect for fun-loving, passionate individuals who want to establish a profitable, self-rewarding business. The demand for amusement parks has grown strongly over the past few years. In the coming years, growth is expected to continue and have a positive influence on the outdoor entertainment and recreational industry. Before starting an amusement park, preparing a business report is a must. It helps in the development of the all-important physical planning guidance and reconfirms the physical parameters like the total land size needed, building space required, etc. This is a business to start on empty land in India.

    Events Centre

    The special events industry has seen quite a growth throughout the years, especially in the past decade. According to research, profits in this industry are always on the rise. The average profit margin can be as much as 40%.

    Special events occur for the following purposes:

    • Celebrations (fairs, parades, weddings, reunions, birthdays, anniversaries)
    • Education (conferences, meetings, graduations)
    • Promotions (product launches, political rallies, fashion shows)
    • Commemorations (memorials, civic events) and more.

    Training Grounds

    Your land could be perfect for organizations, such as fire departments and construction firms, to train their employees. Training is really important, especially for the defense industry and all the people working in the emergency services sector. Therefore, using your land for one such purpose would always be a win-win option for you!

    Children’s Educational Centre

    Education Centre - vacant land business ideas
    Education Centre – vacant land business ideas

    According to the Global industry, the private learning and tutoring market is experiencing rapid growth. Starting your educational learning centre allows you to get involved with a business trend that is headed in the right direction. Starting an educational learning centre also gives you the chance to make a difference in the lives of children every day.


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    Athletic Fields

    Another business idea is to set up an athletic field where people can pay to play and train for games like football, basketball, volleyball, and other field sports.

    Golf Course

    Business ideas for vacant land to make money
    Golf Course – vacant land business idea

    Golf is one of the leading sports around the world. It promotes health and fitness. Many golf courses today are created to cater to the needs of every golfer may it be for sports, hobbies, or simply just spending time with friends and family. The area where the golf course would be established is one of the most important factors one must consider when it comes to establishing a golf course business. You need to hire hardworking, courteous, and honest employees for your golf course business. However, if you are not prepared to devote a significant amount of time to the business, then you can certainly lease/sell your vacant land for the same.

    Railroad Storage/Access

    You can earn money by allowing access and storage of railroad cars to the railway system. Also, consider leasing to other transportation systems such as buses and trolleys but for this, you need to have a fairly large tract of land that is well-connected with roads, etc.

    Restaurant Garden

    Gardening business is a fast-growing business idea that can save money and beautify the landscape while also helping the environment. Gardens can be traditional outdoor plots, formed on a smaller scale, a greenhouse, or planned as a restaurant garden. A restaurant garden is a unique concept of establishing a restaurant that looks like a garden and oozes fresh air. Turning your land into one such establishment is fascinating, along with being profitable!


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    Cell Phone Towers

    Monthly rentals from mobile tower installation, along with potential empty land business ideas, may range between Rs 8000 per month and Rs 1 lakh per month. The amount may differ according to the height, size, and area of the property. The mobile tower agreement may vary from 12 months to a few years, but the owner may extend the lease to leverage a long-term benefit. The installed tower may positively impact property values.

    RV Storage

    vac
    RV Storage – Vacant Land Business Ideas

    The demand for Recreational vehicles or RVs is increasing with each passing day, along with other vehicles, including cars. However, the fact that RVs require almost double the space that cars require is a rather palpable truth and this is what will come in handy that you can leverage if you have vacant land for use. Yes, think about this, you will just have to store RVs and earn money with your vacant land!

    Campground

    Camping is one such hobby that is never going to grow old. Hobbies that encourage people to step out of their mundane lives, like camping, are something that we all look forward to engaging in from time to time, simply because they help us shake the dust of our sedentary lives. Having a campground can be one of the best business ideas for 1 acre of land. Here’s where your land business can proliferate!

    Solar Energy

    Solar Energy - vacant land business ideas
    Solar Energy – vacant land business ideas

    The world of non-renewable sources is threatened and is giving way to renewable sources of energy, which is guiding humanity now. Solar energy is surely one such source that is capable of turning into a formidable alternative to finite sources of energy. However, it requires adequate space for the installation of solar panels to furnish the amount of energy needed. Therefore, if you are wondering about starting a business on empty land, then you can most certainly use your tract of land for the development of solar energy. This will be profitable as well as turn you into a responsible citizen, at the same time, who champions sustainability by limiting the use of fossil fuels.


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    Dairy Farm

    Business ideas for vacant land to make money
    Dairy farm – vacant land business idea 

    Dairy products form an essential part of human beings’ diets. These products are reared from cattle, which need to be reared in vast tracts of land, where farms are set up. However, to establish farms, land is an essential requisite. Therefore, if you are currently possessing lands that are vacant and unused, then you can allow your land to be set up for a dairy farm, which will also help you improve your finances!

    Milk Production in India
    Milk Production in India

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    Horse Stable

    Horses belong to a limited group of animals that are reared for a variety of purposes. Along with carrying things and pulling carts, horses are also used for riding, which makes them form a central part of the sports and entertainment industry. Furthermore, this ensures that the horses always remain profitable for us, but when it comes to rearing, many of the horse owners back off due to a lack of stables. Here’s where you can pivot with your land business.

    Wool processing

    All of us have learned about wool and that it comes from the sheep. However, what we later know is that the wool processing industry, the core of which consists of animals and an abundant supply of land, is where the whole procedure takes place. So, if you are looking for creative uses of vacant land, which will also be profitable, then using it towards the development of the wool processing industry is something that you can opt for!

    Summer Camps

    Summer camps form an important part of the recreational activities of the students during their school and college. Summer camps are enthusiastic ventures that often drag professionals as well and do a lot more than supply them with plenty of fresh air. The land is the primary requisite for such camping activities. This is where you can pitch in the land you have to be blessed with huge prospects.

    Petting Zoo

    Business ideas for vacant land to make money, land for sale
    Petting Zoo – Vacant land business idea

    Zoos almost always delight the young and the old. Petting zoos are a new concept that consists of a combination of both domesticated as well as wild animals. Such zoos are coming into being and grabbing a lot of attention of late. You can also contribute to one such zoo in case you have a tract of land to be used. A petting zoo would develop into a rewarding investment without a doubt!


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    Ice Rink

    It is always great to skate, and ice skating is easily one of the most prominent activities that you will find if you manage to ransack the bucket list of both students and professionals. Space is often a criterion that needs to be satisfied to establish an ice skating rink. However, if you already have land to your name, it shall become easier to connect the dots!

    Vineyard

    Who hates scrumptious wine that seeps in all the goodness of nature with each sip that you take? A vineyard takes a lot of time and effort to be developed, and most importantly, you would need land and a bunch of skilled employees to work on the wine. However, in case you already have land, you can put it into use for something as delicious, lucrative, and at the same time, innovative an idea as the establishment of a vineyard on your land. Besides, you can also hope for some discounts when it comes to the end products and an enormous fortune ahead!


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    Junk Yard

    The sound of the junkyard, as well as the name of the same, must be repelling for almost everyone, but if you can get over it for a single moment and look beyond the prospects of a junkyard, then it will be rather convincing. The automobile business is expanding, and the used-car companies are growing at an equal pace, which also demands the development of junkyards that will store junked cars and other accessories. Therefore, if you are wondering about “how to use vacant land to make money in India?” then, leveraging your land to build a junkyard will be rewarding indeed.

    Outdoor Shooting Range

    Business ideas for vacant land to make money
    Outdoor Shooting Range – Vacant land business ideas

    Shooting is an activity that many love to indulge in. An activity that forms a vital part of the policemen, men in the army, navy, and ex-army personnel, shooting is something that draws the commoners as well, and has grown to be an entertaining exercise. Though the foundation of shooting ranges is not something that needs a great deal of time or effort, it certainly requires a vast tract of land. This is why, if you already have spare land to be used and are wondering about some creative uses of vacant land, then the construction of an outdoor shooting range is something that you can opt for!

    Biking/Zipline

    Biking helps us unwind, along with aiding us with the speed that we require to perform our daily activities at the pace they demand. However, all that happens only when one gets past the preliminary difficulties in riding a bicycle or a bike. Many such courses are now conducted and are undertaken by a considerable number of people. However, establishing one such biking/zipline course needs a convincing amount of land. Therefore, if you presently have land and are looking to invest it for a land business, then leasing it for biking courses will work great and would be profitable indeed!

    Beekeeping

    Beekeeping - vacant land business ideas
    Beekeeping – vacant land business ideas

    Bees have a sting to remember, but it is often the honey that is most talked about and consumed all around the world. Construction of apiaries requires space, time, skilful staff, and more. Beekeeping is, in fact, a tough and hectic business, but if you have land and you cannot figure out a perfect business to start on empty land, then leasing it for beekeeping will not be a bad decision, far from it.

    Antiques Market

    Things from the past always delight us. Antique shops and their contents contain a wide range of usable items from the distant days, which are valuable, along with being expensive. Besides, most importantly, they are highly profitable for the shops. So, you can look up to an antique business as one of the best businesses to start on empty land.


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    Farmers Market

    Farmers’ market, by its very name, points out the market where the farmers are pivotal. The farmers’ markets are organic markets that encourage the sales of fresh produce from the farms to the end-users. This kind of marketing is highly encouraged now, where the users get the products that they deserve, and on the other hand, the farmers get their dues.

    Yoga Studio

    Yoga studio - vacant land business ideas
    Yoga studio – vacant land business ideas

    Yoga is one of the oldest practices, which originated in India and focuses on keeping the human body and mind fit and active. This ancient Indian practice was never lost and is seeing quite a revival in the present era that we are living in. Yoga works best where the mind is free and in unbridled contact with nature. This is why open grounds are preferred over a building floor or an artificial ground. Here’s where you can strike a deal with your open land. Leasing your land for a Yoga studio is something that you can seriously look into, in case you are looking for some inspiring land business ideas. This can be a profitable and one of the best ideas for small empty plots.

    Parking Lot

    The manufacturing of cars has increased over the years, and more and more of us are now opting for our cars instead of paying for car rentals. However, with the increase in cars, there is a constant demand for parking. Parking lots are comparatively fewer in number, and you can help in adding one more of them for the convenience of the society you live in. Leasing your land or turning it into a parking lot by yourself will help you earn all the proceeds that come from it!


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    Racing Events

    Racing is one of the major sports activities. Whether it is a flat race by humans or races of bikes, cars, and any other animals like horses, dogs, etc., it needs a ground large enough to ensure smooth racing conditions and a wide space for the audience. Racing events are diverse and undoubtedly profitable. So, if you possess a piece of land, then using it for races is one of the most creative uses of vacant land that can help you earn money!

    Agritourism

    Agritourism is a portmanteau word made up of “agriculture” and “tourism.” Agritourism involves numerous activities usually carried out on a farm or a ranch that allow individuals and families to view and enjoy a wide range of rural activities. Agritourism is becoming a hugely popular activity among the masses of present-day societies. Turning your vacant land into a fine spot for agritourism is a prosperous plan indeed!

    Electrical Substations

    Electrical substations are essential in providing us with an adequate supply of electricity. Construction of electric substations requires a considerable amount of space, along with all the heavy equipment and machinery that is integral to a substation. Thus, if you own a large tract of empty land, then you can perhaps contribute to building an electrical substation.


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    Film Locations

    Shooting for movies, short films, and television series needs photogenic locations. Exotic natural locations are tough to find and even pose a lot of restrictions; movie studios or sets, on the other hand, happen to be versatile and can be created to suit a wide range of moods, sets, and settings. These movie sets can be indoor and outdoor, while the latter provides much more room for customization. So, if you are ruminating on the creative uses of vacant land to make money out of it, then turning it into a film location would be a wonderful idea that would be lucrative, too!


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    Photoshoots/Photography Site

    Photos are always special to us. Besides, with the pace at which social media sites are moving, photos are getting the exposure that they never used to get before. We can always click photos anytime and anywhere, but clicking pictures in natural outdoor locations brings the best out of the photos. Creating photography sites needs land that can support a mix of natural and artificial structures, and here’s where the land you possess can be a great benefit.

    Bird Watching

    Business ideas for vacant land to make money
    Bird Watching – Vacant land business ideas

    If you have land to your name, then look out whether it is suitable for the birds because the birds deserve attention, and they get it when watched from a bird sanctuary. Bird watching is one of the best hobbies that people nurture and your spare land might also have the potential of being turned into a bird sanctuary that will yield quite a profit.

    School Field Trips

    School trips or excursions are what we like the most. School excursions are varied in nature and are modeled on the particular subject or the lesson that is meant to be taught through the trip. Such school field trips can be a memorable experience, truly, and the first thing they demand is enough space. So, why not put the land you have to some use and build it into a hub for a school field trip?

    As a Collateral Asset

    Money is something that all of us require every time, and in this age where everything is uncertain and we run the risk of getting our income reduced all the time, the value of land is ever-increasing. Therefore, if you are the owner of a piece of land, then it is always commendable to keep it safe with you so that you can also use it as a collateral asset in case the situation turns bad any day!

    Resort/Villas/Tents/Tree Houses

    Who doesn’t love to pay an occasional visit to resorts/villas or indulge in a weekend getaway that would involve tree houses and tent stays? Constructing a resort or villa with the land you have in your possession can stand as a game-changing idea if you are looking to opt for a land business that would be hugely beneficial.


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    Herb Garden

    Herbs make our food complete. There are numerous species of herbs that send us drooling. So, how about turning your vacant piece of land into an alluring herb garden, which will not only be a treat to the eyes of the tourists who visit there but also help in yielding fresh produce year after year?

    Drive-in Theatre

    Business ideas for vacant land to make money
    Drive-in Theatre – Open Land Business Ideas

    There are theatres that people can visit while they are in cars, and they can happily park them or watch their favorite movies or the best parts of their vehicles, too. Yes, it is a form of outdoor theatre that is rare now. However, a drive-in theatre has the potential to become a favorite. You can also contribute to that if you agree to lease out your land for open land business ideas to construct one of such theatres, or you can create one yourself and bring in a handsome profit.

    Tiny House Estate

    Most of us today advocate extravaganza or dream about living in extravagance. However, what we lack is a simple life. This is the reason why the tiny-house movement or small-house movement came into being, which advocates the downsizing of apartments and other living spaces, thereby promoting “living with less”. Yes, you can perhaps look at the brighter side of “living with less” by helping yourself construct a tiny house estate! Additionally, consider exploring business ideas on land to maximize its potential.

    Rent/Lease it Out!

    If you have a piece of land to your name, you can simply opt to rent it out to a bright prospect. Besides, if you cannot figure out what to do with the land you have, then it is quite lucrative if you simply rent it out because that will help you keep the land to yourself while accruing money on your behalf. You can give it some time and then decide on something permanent with the land.


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    Pet Park

    We have parks for us, but what about our pets? Yes, our four-legged friends also enjoy outdoor activities almost as much as we do, if not more. This idea has been strongly supported, which is the reason why pet parks are rapidly coming into prominence. If you are not convinced of any land related business ideas that you have come across, then how about leasing or selling out your land to construct a pet park? Sounds great and one of the most creative uses of vacant land, right?

    Harvest Timber

    Business ideas for vacant land to make money
    Harvest Timber – Vacant Land business ideas

    Wood is essential for the survival of humanity, and so are the trees. Therefore, cutting down forests on a large scale would never be good for anybody. We need an alternative solution to the same. Harvesting trees for timber can certainly be one of the most promising alternatives to the conspicuous problem. This is what you can do with your land if you are wondering how to use vacant land to make money in India. Explore small business ideas for vacant land to maximize its potential. Starting a land-related business can be highly profitable with the right strategy.

    Wind Energy

    Onshore Wind Energy Installed Capacity in India
    Onshore Wind Energy Installed Capacity in India

    There are several profitable business ideas for land owners that can generate steady income and long-term value. Generating an alternative source of energy is commendable, but space is one of the fundamental requisites to be able to do so. For instance, if you have decided on the generation of wind energy, then firstly, you ought to have land that you can put to use, and then you should be equipped with all the machinery needed for the same. However, you can wilfully avoid the next part if you are ready with a piece of vacant land that can be sold or leased.

    Pave a Biking/Walking Trail

    Trail walking or biking are some of the most popular hobbies of the generation of now, which lead to a life that is almost sedentary. These activities are not only interesting but thrilling, to say the least. So, if you possess a piece of vacant land, then paving it for a biking or walking trail is one of the most desirable businesses to start on empty land. This can be a perfect business idea with land, helping you earn with a small investment.


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    Spiritual Sanctuary

    Religions consist of a world of their own, which is very much palpable to all of us. However, retreating to a sanctuary that is overloaded with peace and divinity is the desire of many at the close of the day. This is why you can help turn your land into a spiritual sanctuary for tourists to rest and meditate for a while during their busy day.

    Outdoor Art Installation

    Turn your empty land into a cultural space by creating an outdoor gallery or art installation. You can charge visitors a fee or work with local advertisers to earn money while supporting local art and culture.

    Pop-Up Facility

    There are many creative ideas for small empty lots, such as setting up a food truck park, a pop-up market, or a community garden. Rent your land to local businesses or groups for special events like food truck festivals, farmers’ markets, craft fairs, fundraisers, or pop-up cinemas.

    By charging a rental fee, you can earn money while supporting local businesses and bringing the community together. Your land can be used for different events all year round.

    Sports Fields

    Use your land to build sports fields for games like soccer, cricket, or baseball. Rent the fields to schools, clubs, or leagues.

    You can also offer extras like equipment rentals, changing rooms, or a snack area.

    Working with schools or clubs helps you earn money and supports the community by encouraging sports and fitness.

    Paintball Facility

    Business ideas for vacant land to make money
    Paint Facility – Vacant Land business ideas

    Wondering what to do with land that is vacant! Turn your empty land into a fun paintball center for group activities. Set up safe gear and exciting obstacle courses to give players a thrilling experience.

    You can earn more by hosting tournaments, events, and renting the space for private parties. A good paintball center is great for team-building and popular with companies and youth groups.

    Community Garden Plots

    Turning vacant land into community garden plots can be a rewarding and profitable venture, especially in urban areas with limited green space. Renting out plots to locals allows them to grow fresh produce and enjoy nature. To add value, you can offer extras like tool rentals, composting facilities, and gardening workshops.

    Hunting Property

    If your land has deer or other wild animals around, you can turn it into a hunting business. Hunters will pay for permits, and you can offer extra services like guided hunts, camping, and equipment rentals. This can also help with wildlife conservation and teach people about safe hunting.

    Concert Venue

    Turn your open space into an outdoor concert venue and bring music and culture to the community. Host local and touring artists while earning from ticket sales, space rentals, and ads. Partner with food trucks and craft breweries to enhance the experience. A great concert space can support local artists and offer a fun entertainment option for everyone.

    Landscape Supply Business

    Turn your vacant land into a landscape supply business. Sell tractors, mowers, and other landscaping tools, with space for demos and testing. Offer gardening supplies like soil, mulch, and decorative stones to attract local landscapers and homeowners. This can be a great way to generate income while becoming a go-to resource in your community.

    Nature Preserve

    Turn your vacant land into a nature preserve where visitors can enjoy hiking trails, gardens, and peaceful ponds. Charge a small entry fee or earn through picnic areas, rental equipment, and guided tours. This not only generates income but also helps protect local wildlife and educate people about nature conservation.

    Off-Grid Cabins

    Off-grid cabins are eco-friendly, self-sustaining homes that operate independently of public utilities. They attract nature lovers, digital detox seekers, and eco-tourists looking for peaceful retreats. These cabins typically use solar power, rainwater harvesting, and composting toilets. They can be rented short-term for steady income or sold as ready-made tiny homes. This idea combines sustainable living with tourism and real estate.

    Conclusion

    If you have land but no money, there are still several ways to generate income, such as renting it out, starting a small business, or partnering with others for development. Hope this list of business ideas for vacant lands helps you! Remember, the suitability of these business ideas with land is dependent on various factors of the vacant land. So, make the most suitable & feasible decision.

    Know any other unique business ideas that can be added to the list? If yes, please share your thoughts/opinions. [Contact: shubham@startuptalky.com]

    FAQs

    I have land what business can I start?

    Somevacant land business ideas of the best business to start on empty land in village are:

    • Farming
    • Nursery
    • Athletic Fields
    • Solar Panel
    • Dairy Farm
    • Cell Phone towers
    • Vineyard
    • Farmers Market
    • Yoga Studio
    • Wind Energy

    Is buying and selling land profitable?

    Land can be used for residential as well as commercial investment. Buying and selling land can produce high profits.

    What is the most profitable farming business?

    The most profitable farming businesses are:

    • Agricultural Farm
    • Flower Business
    • Poultry Farming
    • Snail Farming
    • Fish Farming

    What are some of the most lucrative landscape business ideas today?

    If you are looking for landscape business ideas, then the below-mentioned landscape business ideas would be quite in demand today, thereby helping you earn decent revenues:

    • Interior landscaping service
    • Hydroseeding service
    • Pest control and weeding service
    • Landscape architecture service
    • Lawn care service

    What are some unique garden business ideas?

    Some of the easiest and most profitable garden business ideas are:

    • Backyard gardening
    • Herb growing
    • Flower growing
    • Vegetable farming
    • Seed selling
    • Fertiliser selling
    • Party organizing
    • Poultry farm
    • Beekeeping
    • Dog training
    • Photography/Videography
    • Airbnb
    • Yoga training

    Yes, if it is your residential property, then you can easily run a business in India, as long as it is not an illegal business that you are thinking of. However, if it is another’s residential property, then running a business from it is illegal.

    How to earn money from land in village?

    You can earn money from land in a village by leasing it out for farming or livestock grazing or by developing it for agricultural or residential purposes. Additionally, consider setting up small-scale businesses like organic farming, eco-tourism, or establishing a local market on the land to generate income.

    How to use empty land for business?

    Making land pay for itself is possible if you decide on a business which you can utilize the land for. You can certainly use your vacant land for business purposes, which will help you obtain decent revenues and pay for your land.

    What is the business to start on empty land India?

    Use empty land for farming, rentals, sports fields, events, or fun spaces like paintball or outdoor galleries.

    How to make money with land?

    You can make money with land by leasing it, selling it, farming, or developing it for real estate.

    What are creative ways to make money with land?

    There are many creative ways to make money with land, from leasing it out to setting up unique experiences or services. Landowners can think beyond traditional farming and explore opportunities like eco-tourism, events, or renewable energy. With the right approach, even unused land can become a valuable income-generating asset.

  • 25 Most Profitable Rental Business Ideas in India

    In today’s world, people are increasingly realizing the importance of accessing and utilizing products without the burden of long-term ownership. If you’re looking for a business idea that offers low investment and high profit potential, starting a rental or lease business is a smart move. With this model, you maintain ownership of the product while earning revenue from its usage.

    The rental business is thriving as more and more individuals prefer renting over purchasing. It’s crucial to choose the right products to offer for rent, and conducting thorough market research is essential before diving in. In this blog, we will guide you through the process of starting a successful rental business. From identifying profitable product categories to understanding customer demands and marketing strategies, we will provide you with valuable insights and practical tips.

    Discover the immense opportunities that exist in the rental and lease industry, where you can tap into the growing trend of people seeking access rather than ownership. Join us as we explore various product options and share valuable knowledge on market research, customer acquisition, pricing strategies, and more. Get ready to embark on a rewarding journey into the world of rental and lease business, where low investment and high profitability await. The rent business in India is growing rapidly, offering various opportunities for entrepreneurs in areas like office space, party supplies, and equipment rentals. Let’s delve into the details and uncover the key steps to launch your own thriving rental or lease business.

    Profitable Renting Business in India

    List of Profitable Rental Business Ideas in India

    1. Air Conditioning Renting Business
    2. Apartment Renting Business
    3. Houseboat Rental
    4. Car Rental Business
    5. Furniture Leasing and Renting for Babies
    6. Coffee Machine Renting
    7. Conference and Hotel Room Booking
    8. Renting on Office Equipment
    9. Home Appliances Renting
    10. Book Rental Business
    11. Costume Rental Business
    12. Flat Renting Business
    13. Renting Artificial Trees and Flowers
    14. Construction Equipment Renting
    15. Video Game Renting
    16. Camera and Accessories
    17. Toys Rental
    18. Medical Equipment Rental
    19. Vacation Home Rental
    20. Luxury Bus Rental
    21. Office Space Rental Business
    22. Party Rental Business
    23. Camping/Hiking Equipment Rental Business
    24. Bicycle Rental Business
    25. Storage Rental Business

    Air Conditioning Renting Business

    Air Conditioners Rental Business
    Air Conditioners Rental Business – Rental Business Ideas in India

    Air conditioners are the modern convenience that has become essential to employ comfort and safety as well as for business improvement. It maximizes comfort. It also increases efficiency. It will help during summer days and boost up productivity. This air conditioning renting might be used for the customer like travelers, business people, function houses, and so on.

    Starting an air conditioner rental business can be a lucrative venture, offering flexible solutions for individuals, businesses, events, and more.

    Lets explore the advantages of starting an air conditioner rental business:

    • Cost-effective alternative to purchasing air conditioners outright.
    • Flexibility in terms of rental duration and usage.
    • Ability to scale and grow the business as demand increases.
    • Provides temporary cooling solutions for events, businesses, and individuals.
    • Reduces the financial burden for customers with seasonal or temporary cooling requirements.
    • Allows customers to try different models or brands before making a purchasing decision.
    • Provides prompt customer service and technical support.
    • Potential for recurring revenue through long-term rental contracts or subscriptions.

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    Apartment Renting Business

    Apartment Renting Business - Rental Business Ideas in India
    Apartment Renting Business – Rental Business Ideas in India

    The real estate market is thriving, and the demand for rental apartments continues to rise as more individuals seek comfortable and convenient living spaces. The advantages of owning a rental property are few but it will be very much powerful. If everything is done well then one can make a lot of money from this business. And nowadays it is a wise business for an entrepreneur because most peoples search for apartment rentals. Renting an apartment can be one of the most profitable apartment business ideas.

    Some of the advantages of an apartment renting business are:

    • Steady rental income providing financial stability.
    • Diversification of investment portfolio.
    • Tax benefits including deductions for expenses.
    • Potential for property value appreciation over time.
    • Control over property management for tenant satisfaction.
    • Ability to scale and grow the business by acquiring more properties.
    • Can generate passive income with proper management.
    • Allows for flexibility in adjusting rental prices based on market demand.

    Houseboat Rental

    Houseboat Rental Business - Rental Business Ideas in India
    Houseboat Rental Business – Rental Business Ideas in India

    If you’re looking for a unique and profitable venture in the tourism and hospitality industry, starting a houseboat rental business can be an excellent choice. This is the advanced business technology in the market. This business has two options such as either you can purchase or offer it.

    Advantages of houseboat rental business:

    • Unique and memorable experience.
    • High Demand in tourist destinations.
    • Opportunities for collaborations with local tour operators, travel agencies, and event planners to promote your houseboat rentals.
    • Lucrative Revenue Potential.
    • Flexibility in rental options.

    Car Rental Business

    Car rental Business - Rental Business Ideas in India
    Car rental Business – Best Rental Business in India

    These days, car rental is one of the hottest industries. For people who require a vehicle on a temporary basis, renting a car is always a cheap and practical choice. Car rental is popular not just with vacationers, but also with businesses. Car rental is mostly used by travellers. One can move from one place to another place and discover many things with little cost.

    There are many advantages of car rental business:

    • Freedom of movement
    • Money-saving
    • Quality of life
    • Comfort
    • Price
    • Affordability
    Best Rental Business in India
    Car Rental Bookings by Brand in India

    Furniture Leasing and Renting for Babies

    Kids Furniture Rental Business - Rental Business Ideas in India
    Kids Furniture Rental Business – Rent Business Ideas in India

    This is the most valid rental business where parents buy furniture for a little period of time. When the baby grows up then this furniture will be useless that’s why parents prefer to rent the furniture. When it comes to customising a child’s room, there’s a lot you can do, and you don’t have to sweat it because renting saves a lot of money, time, and headaches.

    Here are some of the advantages of renting furniture for your children:

    • Cost-effective
    • Hassle-free
    • Convenient
    • Long or short term
    • Flexibility

    Coffee Machine Renting

    Coffee Machine Rental Business - Rental Business Ideas in India
    Coffee Machine Rental Business – Rental Business Ideas in India

    Coffee machine renting is one of the greatest ways to earn money in marketing. Nowadays coffee machines running one everywhere like offices, schools, colleges, coffee shops, hotels, restaurants, bakeries and so on. Coffee machine renting gives unrivalled flexibility. Renting a coffee machine change your mind. In this business. In this business maintenance and servicing is included.

    Here are some of the advantages of Coffee machine renting business:

    • Low startup costs compared to purchasing coffee machines outright.
    • Access to a wide range of coffee machines to cater to different customer preferences.
    • Opportunity to upsell related products such as coffee beans, accessories, and maintenance services.
    • Can cater to various industries, including offices, hotels, restaurants, and event venues.

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    Conference and Hotel Room Booking

    Conference Room Renting Business - Rental Business Ideas in India
    Conference Room Renting Business – Rental Business in India

    As the travel and hospitality industry continues to flourish, the demand for conference venues and hotel accommodations remains strong. Starting a conference and hotel room booking business can be a profitable venture, connecting event organizers and travelers with suitable venues and accommodations.

    Here are are the top advantages of conference and hotel room booking business:

    • Help with event management
    • Plenty of space and options
    • Book as long as needed
    • Video Conferencing capabilities
    • Dedicated meeting planners
    • On-site catering and dining
    • Guestrooms
    • The hotel handles the organization
    • Spacious conference halls for larger events
    • A convenient lodging option

    Renting on Office Equipment

    Renting office equipment has become a popular choice for businesses of all sizes due to its cost-effectiveness, flexibility, and convenience. By opting for office equipment rental, companies can access the necessary tools and technology without the high upfront costs associated with purchasing.

    When you are starting or growing a business, cash is often in short supply. One way to spend less is to lease essential office equipment instead of buying it.

    There are many advantages to this business some are listed below:

    • Have access to a higher standard of equipment
    • Pay for the asset for a fixed period of time
    • Easier to forecast cashflow
    • Spread the cost over a longer period of time
    • Not have to worry about maintenance

    60 Vacant Land Business Ideas To Make Money
    Wondering how to use your vacant land to make money? Here are listed 60 empty land business ideas to make money from. Read to know all.


    Home Appliances Renting

    Moving one’s furniture and appliances from city to city is a hugely complex and expensive process. People prefer rented furniture and home appliances like refrigerators, washing machines, beds, sofas, chairs, and other home essentials. Whether you have to buy or rent furniture and appliances depends on many factors. Few reasons for this business are cost-effective, hassle-free, flexible, and easy returns.

    Here are are the top advantages of home appliances rental business business:

    • Provides a cost-effective solution for individuals and businesses who don’t want to invest in purchasing expensive home appliances.
    • Access to a wide range of appliances to cater to different customer needs and preferences.
    • Opportunity to offer additional services such as delivery, installation, and maintenance of the appliances.
    • Appeals to customers who have temporary or seasonal needs for specific appliances.
    • Eco-friendly option by promoting the reuse and sharing of appliances, reducing waste.
    • Opportunity to expand the business by adding new appliances and services based on market demand.

    Book Rental Business

    Books Rental Business - Rental Business Ideas in India
    Books Rental Business – Rent Business Ideas in India

    Renting books can be a profitable company because some individuals prefer to rent rather than buy a book they wish to read. They usually do it, especially if the books are only needed momentarily. Renting a book is less expensive than buying it. This is the perfect platform for clients who simply rent their books and earn profit easily. All types of books can be rented with a rental script. This is aone of the most profitable small rental business ideas.

    Some of the benefits of book rental business are below:

    • Cost-effective alternative for avid readers who don’t want to purchase books outright.
    • Potential for recurring revenue through subscription-based models or membership fees.
    • Eco-friendly option by promoting book sharing and reducing paper waste.
    • Provides access to rare, out-of-print, or hard-to-find books that may be unavailable for purchase.
    • Appeals to students, travelers, and individuals who prefer not to carry heavy books.

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    Costume Rental Business

    Revenue of Rental Apparel Market Worldwide
    Revenue of Rental Apparel Market Worldwide

    If you have a passion for fashion, creativity, and making people’s special occasions even more memorable, starting a costume rental business can be an exciting and profitable venture. Costume rentals provide individuals and organizations with the opportunity to dress up in unique outfits for events, parties, theatrical performances, and more. The costume rental business will be very much beneficial. It is part of a continuously flourishing industry that presents many growth opportunities.

    How to start costume rental business, some tips:

    • Find your target market
    • Figure out your costs
    • Secure funding for your startup
    • Create a Limited Liability Company (LLC)
    • Register for taxes
    • Open a business bank account
    • Build your costume rental inventory
    • Invest in an inventory management setup
    • Create an online costume rental store
    • Effectively manage your costume vendors

    Some of the advantages of a Costume Rental Business:

    Wide range of costume options for various themes, eras, and events.

    • Cost-effective solution for customers compared to purchasing expensive costumes.
    • Diverse customer base including individuals and organizations.
    • Seasonal peaks in demand during holidays and events.
    • Additional revenue opportunities through add-on services and accessories.
    • Collaborations with event planners and entertainment industry.

    Flat Renting Business

    The flat renting business involves leasing residential properties to tenants for a specified period in exchange for rental income. As a flat rental business owner, you acquire flats or apartments, either through purchase or lease agreements, and offer them for rent to individuals or families seeking accommodation.

    In metro cities, the flat rental business is a huge opportunity. The capital which is needed for starting a flat rental business is less. This business is profitable in the area of suburban and metro cities and also people are looking for flats to live or work in.

    To start a flat renting business, you need to consider factors such as location, property condition, rental rates, legal obligations, and market demand. Investing in desirable areas with good amenities, proximity to transportation, and a high demand for housing increases the likelihood of attracting tenants and generating steady rental income.

    Some of the advantages flat rental business are:

    • Passive income source
    • Greater security
    • Flexibility to sell at the right time
    • Option to move back
    • Property value appreciation
    • Diversification of investments

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    Renting Artificial Trees and Flowers

    If you have a passion for decor, event planning, or interior design, starting a business that offers artificial trees and flowers on rent can be a creative and profitable venture. Normally these artificial trees and flowers are used in birthday parties, weddings, corporate functions, and so on. These are used in indoor and outdoor activities. People prefer to decorate parties with these artificial trees and flowers.

    Advantages of renting artificial trees and flowers:

    • Low maintenance and long-lasting durability.
    • Wide variety of options for versatile design and customization.
    • Convenient and flexible rental options for events and decor.
    • No need for storage or disposal of real plants or flowers

    Construction Equipment Renting

    If you’re considering starting a business in the construction industry or expanding your existing services, renting construction equipment can be a lucrative opportunity. Renting construction equipment allows contractors, builders, and individuals to access the necessary machinery and tools without the significant upfront investment of purchasing them outright.

    The benefit of construction equipment rental business:

    • Avoid the Initial Purchase Cost
    • Less Maintenance and Repair Costs
    • Shielding From Market Fluctuation
    • No Depreciation Costs
    • Project-Specific Rentals
    • Solve Equipment Storage Issues
    • Transportation Logistics

    Video Game Renting

    Video Game Rental Business - Rental Business Ideas in India
    Video Game Rental – Rental Business in India

    If you’re a gaming enthusiast and have a passion for sharing the joy of gaming with others, starting a video game rental business can be an exciting and profitable venture. With the increasing popularity of video games and the rising costs of purchasing new titles, many gamers are seeking affordable and convenient ways to enjoy a variety of games.

    Advantages of a Video Game Rental Business:

    • Cost savings for gamers
    • Access to a variety of games
    • Convenience and flexibility
    • Early access to new releases
    • Try before you buy option
    • Fosters a gaming community
    • Additional services like console rentals and gaming events

    Camera and Accessories

    The camera and accessories business can be done in two ways one is online or another is offline. In this business, you not only provide a camera and but also lenses and light. At Birthdays, parties, weddings everyone needs to rent a camera to capture their best moments. This is why your camera rental business will always have customers drawn to it.

    To make this business success some important points are as follows:

    • Keep the best inventory in stock
    • Showcase your products with an online store
    • Offer discounts and deals to attract customers
    • Create watertight agreements
    • Use the power of social media
    • Adopt rental inventory tracking software.

    Toys Rental

    Toys Rental Business - Rental Business Ideas in India
    Toys Rental Business – Rental Business Ideas in India

    If you have a passion for toys and want to bring joy to children and families, starting a toys rental business can be a rewarding and profitable venture. With the ever-changing interests of children and the high costs associated with purchasing new toys, parents and caregivers are increasingly turning to rental services to provide their children with a variety of toys.

    Advantages of a Toys Rental Business:

    • Cost savings for parents and caregivers
    • Access to a wide variety of toys
    • Developmental stimulation for children
    • Flexibility and convenience for customers
    • Space optimization for homes
    • Opportunity to cater to changing interests and preferences of children
    • Provides a unique and enjoyable experience for children

    Medical Equipment Rental

    Medical Equipment - Rental Business Ideas in India
    Medical Equipment Rental – Rental Business in India

    The medical equipment rental business is a highly promising venture in the healthcare industry. With the increasing demand for medical equipment and the rising costs associated with purchasing and maintaining such equipment, renting medical equipment has become a popular and cost-effective solution for healthcare providers and patients alike.

    Advantages of a Medical Equipment Rental Business:

    • Flexibility in terms of equipment usage and duration
    • Maintenance and upgrades handled by the rental company
    • Lower risk of equipment obsolescence
    • Trial periods and training opportunities for healthcare professionals
    • On-demand availability to meet healthcare facility needs
    • Excellent customer service and technical support from rental companies

    Vacation Home Rental

    The vacation home rental business has gained immense popularity in recent years, driven by the increasing trend of travelers seeking unique and personalized accommodations. Renting out vacation homes has become a profitable and rewarding venture for property owners and entrepreneurs.

    Advantages of a Vacation Home Rental Business:

    • Lucrative income potential
    • Flexibility for property owners to use the property themselves
    • Increased demand for unique and personalized accommodations
    • Ability to command higher rental rates
    • Potential tax benefits
    • Long-term investment potential

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    Luxury Bus Rental

    The luxury bus rental business offers a premium transportation solution for various purposes, including corporate events, group travel, weddings, and tourism. Renting out luxury buses has become a lucrative venture, catering to individuals and organizations seeking a comfortable and luxurious travel experience.

    Advantages of a Luxury Bus Rental Business:

    • High demand for premium transportation services
    • Lucrative income potential with higher rental rates
    • Opportunity to provide a luxurious and memorable travel experience
    • Ability to target niche markets such as corporate clients and event organizers
    • Branding and reputation building in the transportation industry
    • Opportunities for collaborations and partnerships with industry stakeholders

    Office Space Rental Business

    An office space rental business can be highly profitable, particularly in areas with a vibrant business community. Post-pandemic, many companies have embraced work-from-home or hybrid models, creating a demand for short-term and flexible office rentals. Businesses now prefer these flexible options over investing in permanent office spaces. If you have a property that can be converted into office space, it presents a lucrative rental opportunity.

    Advantages of Office Space Rental Business

    • Steady income from long-term or short-term rentals.
    • Low maintenance costs compared to other property types.
    • Flexible pricing based on demand and location.
    • High demand for flexible workspaces, especially post-pandemic.
    • Diversified clientele including startups, freelancers, and established companies.
    • Appreciation potential in property value over time.
    • Scalability as you can rent out multiple spaces or expand your property.
    • Tax benefits from property depreciation and rental income deductions.

    Party Rental Business

    The party supply rental industry is thriving, and it’s easy to understand why. With numerous resources available, organizing your next big event has never been easier, and these resources can greatly impact its success. A party rental business offers a wide variety of items, including tents, event venues, chairs, cooking equipment, and sound systems. These supplies are rented by both organizations and individuals to ensure successful events. The demand for event and party supplies is constant, and with Sharefox, companies can efficiently manage large inventories, from luxury tents to fun inflatable games, ensuring every event is a success.


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    Camping/Hiking Equipment Rental Business

    Camping and hiking are popular outdoor activities in India as well. According to recent reports, a significant number of Indian households enjoy these activities, with a growing interest in nature tourism. This makes renting camping gear and hiking equipment one of the most profitable rental business ideas in India.


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    Bicycle Rental Business

    With the increasing demand for environmentally friendly and sustainable travel options, bicycle rentals promote eco-conscious transportation. Moreover, this business can engage with the local community by participating in events and advocating for a healthy lifestyle.

    Storage Rental Business

    The demand for additional storage space is a key driver in the business world. People are increasingly renting out spare rooms or closets when they no longer need them due to excess belongings that don’t fit elsewhere. Storage facilities offer an affordable solution with various sizes, catering to everything from furniture and clothing to groceries and even vehicles.

    Conclusion

    The world of rental businesses offers numerous opportunities for entrepreneurs seeking profitable ventures with low investment. Renting various products and services has become increasingly popular due to its cost-effectiveness, convenience, and flexibility.

    With the right planning, execution, and a customer-centric approach, a rental business can provide you with a steady income stream and the satisfaction of meeting the needs of your customers. So, choose your niche, take the leap, and embark on the exciting journey of building your own successful rental business. Good luck!

    FAQs

    How to start a rental business?

    To start a rental business, identify a niche, acquire the necessary items, set competitive pricing, create a marketing plan, and ensure proper maintenance and insurance for your assets.

    Is a rental business profitable?

    Rental businesses have become extremely profitable and growing business these days.

    What are the most profitable rental business in india?

    The best rental business ideas are:

    • Apartment renting business
    • Car rental business
    • Furniture renting
    • Coffee machine renting
    • Home appliances renting
    • Sports equipment rental business
    • Book rental business
    • Costume rental business
    • Flat renting business
    • Construction equipment renting

    Is rental car business profitable?

    Yes, rental car business profit margin is 30-40%. It is quite profitable rental business in India.

    What is rented the most in India?

    House/flat is the most rented in India.

    What is the most rented equipment?

    Most rented construction equipment includes:

    • Excavators
    • Skid steers
    • Lifts
    • Dozers
    • Forklifts

    What are the most rented party items?

    Most rented party items are:

    • Tent
    • Chairs
    • Tables
    • Linen
    • Glassware
    • Lighting
    • Artificial Flowers

    Which are the most unique rental business ideas?

    Unique rental business ideas include renting out luxury cars, office space, camping gear, and even event supplies, catering to niche markets with high demand.

    Which are the most profitable things to rent out?

    Some of the most profitable things to rent out include office space, luxury cars, party supplies, and camping equipment, catering to the growing demand in various markets.

  • How does Zoomcar make money? | Zoomcar Business Model

    Zoomcar is India’s first self-drive rental company. The concept of enjoying a car drive without actually buying a car was fascinating for Indians.

    Today, Zoomcar has over 10,000 cars in the fleet. It has a market share of 60% and has gained massive popularity. The company has 91,00,000+ happy users.

    But, how did this company grow so much over the years? To find an answer to this question let’s understand the business model of Zoomcar in detail.

    What is Zoomcar?
    Operating Model and Key Products and Services of Zoomcar
    Target Audience of Zoomcar
    Business Model of Zoomcar
    What is Unique about Zoomcar’s Business Model
    Zoomcar Revenue Model
    FAQ

    What is Zoomcar?

    For the people who are living under a rock, using Zoomcar you can rent a car on an hourly, daily, weekly or monthly basis.

    It was founded in 2013 by Greg Moran and David Back. The company is headquartered in Bangalore and currently operates in 45 cities. The tagline of this company is Never Stop Living.

    Operating Model and Key Products and Services of Zoomcar

    To book a car using Zoomcar you first need to be a Zoomcar member.

    You also should be 18 years or above. You must have a valid Light Motor Vehicle (Non-Transport) Indian license.

    If you are an NRI then you should have an international driver’s license. In the past seven years, you shouldn’t have any kind of alcohol or drug-related driving violations.

    Target Audience of Zoomcar

    The target audience of Zoomcar is mainly middle-class people between 18-35. They are targeting the people who travel a lot.

    If we dive deeper they target teenagers and businessmen. Many young YouTubers have promoted Zoomcar. As we know teenagers follow YouTubers which helped the company to grab a lot of young individuals.


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    Business Model of Zoomcar

    Zoomcar follows a business model where it buys 75% of the cars on loans from the bank. The remaining are bought on lease from big companies like Avis Budget Group. Now, let’s understand other core elements of their business model.

    1. Partnerships:

    Zoomcar has tied up with various companies to include more cars on their website and to make profits. One of the major partnerships includes Ford & Mahindra.

    This helped them become the first rental company in India to offer electric cars (Mahindra REVA E2O and Ford’s REVA E2O) for rent.

    They have also smartly tied up with Tata Motors. This helped them to add 50 brand new Tata Nanos. To secure parking and pick-up points they have tied up with several hotels, universities, and real estate developers.

    Zoomcar has also partnered with Nissan for a vehicle subscription programme. Customers can subscribe to Nissan Magnite and Nissan Kicks.

    In November 2013 they also launched a month-long campaign named RideSmartBLR to spread awareness about drunk driving. This campaign was launched in partnership with Uber and the Ashoka Foundation.

    2. Additional Benefits:

    Apart from rental services they also give additional benefits which make them a better option. They are as follows:

    • Mostly the vehicles available on Zoomcar have all India permits.
    • All the vehicles are strategically placed so that customers can pick up the vehicle conveniently.
    • If you want you can also get doorstep delivery of the vehicle.
    • Rates available on Zoomcar have free fuel, taxes, and insurance.
    • Their call centers are open 24/7 to help customers solve their queries.

    What is Unique about Zoomcar’s Business Model

    Today, if I tell you to rent a car you would immediately open Zoomcar’s website or app. This shows how much popularity they have gained in these years.

    But, apart from them, other companies like Drivezy, SelfDrive, U-Drive, Letmedrive, Carzonrent, and LeasePlan offer similar services.

    Why they are not so popular? You might have not heard the names of some companies mentioned above. Let’s understand what unique things Zoomcar did which helped them to reach such heights.

    1. Performance Marketing and CRM:

    Zoomcar’s marketing strategy is majority focused on performance marketing. This means that the company pay the marketing companies only when a specific task is completed like sales or getting leads or clicks.

    The company uses the customer relationship managing (CRM) team to increase repeat transactions.

    2. Out of the box Marketing:

    Zoomcar has taken a lot of effort to make sure everyone knows about their company. What is the best way to tell people about your company? The answer is the internet.

    Zoomcar used the internet smartly to grow its customer base organically. The company advertises its logo and name on the cars that they provide.

    Apart from the people who are using the car, others also get to know about the company’s presence.

    Zoomcar logo on its Cars
    Zoomcar logo on its Cars

    Their collaboration with FilterCopy, a YouTube Channel helped them gain popularity among the youth.

    If you search #zoomcar on Instagram you will see a lot of high-quality images of people using the car and sharing their experiences.

    Zoomcar Instagram
    Zoomcar Instagram

    Their exceptional services made the people happy. As you know a satisfied customer does a good job of spreading awareness about the company.


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    Zoomcar Revenue Model

    Zoomcar’s business and revenue model are straightforward. They rent you a car according to your preferences and earn money out of it.

    In the financial year 2017-18, their revenue was $19 Million. But, the company was at a loss as its revenue was less than its expenses. To tackle this they launched ZAP Subscribe.

    ZAP Subscribe:

    This is an interesting program launched by Zoomcar which helps them to make profits. ZAP Subscribe is actually an extension of the previously launched ZAP Program.

    Using this program individuals can subscribe to a new car on monthly basis. You can subscribe to a car from Rs 16,000 to Rs 50,000, depending on the car size.

    This will help you to save the subscription fee. The subscription comes up with tenures of 6, 12, 18, and 24 months.

    Conclusion

    Zoomcar needs to give more benefits to its customers to be in this race for a long time. Their aim, for now, is to grow their business in other parts of the country. They have to give more reasons to their customers to subscribe to a car instead of buying one.

    FAQ

    When was Zoomcar founded?

    Zoomcar was founded in April 2012 by Greg Morgan and David Back.

    What is the revenue of Zoomcar?

    In  FY21, the startup’s total revenue stood at INR 103.6 Cr as against the INR 293.7 Cr it recorded in FY20

    Who is the target audience of Zoomcar?

    The target audience of Zoomcar is mainly middle-class people between 18-35.

    What is the market share of Zoomcar?

    Zoomcar has a market share of 60%.

  • Top 10 Beach Business Ideas | Best Beachside Business Ideas

    Beaches are beautiful and almost everyone under the sun will agree with this fact. From entertainment, commerce, and transportation to recreation and relaxation, all purposes are fulfilled here. The point with beach business is that you have to be socially relevant and economically sound and aware to operate a business here. Also, beaches require you to have appropriate licensing requirements and be conformed to certain standards of quality, precision, and duties.

    Most people opt for vacations and choose beaches for unwinding and spending time with family. This makes beaches one of those touristy places that have huge traffics and are characterized by on and off-season.

    As an entrepreneur, you have the option of creating a business that fits with the lifestyle you want. And if you want to spend your days at the beach and earn money by dipping your toes into the water, here are some profitable beach business ideas for you.

    Best Beach Business Ideas

    1. Food Shacks
    2. Accommodation
    3. Surf Shop
    4. Hostels
    5. House-Sitting
    6. Cruises
    7. Rental Shop
    8. Selling Local Merchandise
    9. Cafe/Restaurant
    10. Fishing Tours

    Best Beach Business Ideas

    Best Beach Business Ideas

    The best beach business ideas that are profitable and equally interesting to do are listed below.

    Food Shacks

    Food Shacks- Best Beach Business Ideas
    Food Shacks – Best Beach Business Ideas

    Beaches thrive on food. People who come to the beach, want to try all sorts of food from local cuisines to international dishes. Local food can be a great connector due to its ethnicity and it helps develop a bond with the customer. Shacks with good comfortable sitting and a variety of food options make one stand out. But you will have to face competition. So having a sector that stands out as a special attraction is important. You have to provide offers and properly market it with effective strategies.

    Accommodation

    Accommodation For Tourists - Best Beach Business Ideas
    Accommodation For Tourists – Best Beach Business Ideas

    Accommodation is one of the major concerns of tourists, the hospitality industry is a great option for a new business. If you have the required capital, consider starting a hotel, guesthouse, motel, and so on. Starting a hospitality business is a great long-term investment for you, especially in the beach community. The value of real estate property is expected to increase drastically in the near future. So, now is the best time to get in.

    Market size of the Hotel & Resort Industry Worldwide
    Market size of the Hotel & Resort Industry Worldwide

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    Surf Shop

    If you are planning to build your business around surfing beaches, then you can make money by opening a surf shop stuffed with various surfing equipment. Tourists and local people like to catch a few waves during their visit, but they usually don’t have all the necessary equipment. If you open a surf shop that provides surfing equipment, rentals and lessons, it will be a hotspot for tourists in both the summer and winter seasons.

    Hostels

    These are affordable options that work best on small tracts of land. They cater to mostly youth and those looking for budget travel options. Pricing is very important here as there is competition and also one has to offer allied facilities like Wi-Fi, food, walking tours, etc. to capitalize on the business. The facility has to be extremely hygienic as a number of people live there.

    House-Sitting

    House sitting Business- Best Beach Business Ideas
    House sitting Business- Best Beach Business Ideas

    Many houses in beach communities are unoccupied during the winter season as they were deemed to be summer homes. So, during winter, the owners of these houses often aren’t around to take care of the place. You can allay the security fears of these homeowners by offering home-sitting services. Working as a house sitter requires little or no capital. And you will have a lot of business to do in the beach community.

    Cruises

    Beaches offer various options like cruises where people can enjoy a luxurious lifestyle. This is a high investment-based plan. For those who love meals on water, dinner cruises can be started with great lighting systems and good music. Pricing is pivotal here as there is competition in this field. One should effectively market well and create customized packages for target populations.

    Rental Shop

    Rental shop- Best Beach Business Ideas
    Rental shop- Best Beach Business Ideas

    A store that rents out scooters, bikes, bicycles, and boats can be very profitable in beach towns. Providing items at competitive rates and group discounts is a way to earn money. These are mostly in demand due to conveyance issues and for self-exploration. Distributing pamphlets, sticking posters, and effective advertising which catches the eye of commuters is important. Also, the quality, make, and type of vehicle plays an important role in making decisions.

    Selling Local Merchandise

    Most of the time, tourists buy local items to take back home. They are particularly attracted to items that are unique and are not available in their hometowns and cities. So, you can start a business that sells local merchandise and souvenirs to tourists.


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    Cafe/Restaurant

    While on vacation, tourists definitely want to have a feel of the food experience in beach communities. So, you can make a lot of money catering to this need. To survive the threat of competition, you need unique culinary abilities that can help you stand out. You can have different menus for summer and winter to ensure that people get exactly what they crave.


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    Fishing Tours

    If you own a boat, you can turn it into a money-spinner. Most beach communities are fishing hotspots, and fishing is one of those interesting activities that tourists don’t like to miss while on vacation. You can offer fishing tour services taking people out to the reef. People will absolutely love the fact that they have a local guide who can take them to all the good spots.

    Conclusion

    Beach businesses are quite profitable. Some other beach business ideas include:

    Beachside businesses thus offer valuable business opportunities. You need the persistence to work upon details and significantly create businesses that can sustain the wrath of competition. Although the seasonal crisis is huge and most businesses set up their price lists accordingly, that is, peak season and offseason.

    FAQs

    What are the most profitable businesses on beach side?

    Some of the best beach side business ideas include:

    • Food Shacks
    • Accommodation
    • Surf Shop
    • Hostels
    • House-Sitting
    • Cruises
    • Rental Shop
    • Selling Local Merchandise
    • Cafe/Restaurant
    • Fishing Tours
    • Photography and Photo Booths
    • Gift Shop
    • Boat Rentals
    • Child Care
    • Pet Boarding Business

    What can you sell at a beach store?

    Beach store is one of the best beachside business ideas. The best things to sell in a store on a beach are:

    • Cold drinks
    • Snacks like popcorn, nuts, chips, sweets etc.
    • Sun block cream or spray
    • Sunglasses
    • Flip flops
    • Swimwear

    What is the growth of Food market in India?

    The food service market in India is growing hugely. It is forecasted to be about $110 billion in 2025.

    What kind of business is a beach resort?

    A Beach Resort is a beachside business with accommodation and easy access to a private beach.

    How is the Cruise business market?

    The global cruise industry revenue is over 27 billion U.S. dollars.

  • Greg Moran Success Story: Personal Life, Career, Vision

    Every Middle-class person has a dream to buy a car. People in India think owning a car is a matter of prestige, while people don’t think that today it’s just an extra burden upon your expenses. Gone are those days when a car was considered a luxury.

    Greg Moran and his partner David Back established Zoomcar, a self-drive car rental firm that allows users to hire vehicles on an hourly, daily, or weekly basis, to modify and cultivate this mindset.

    Greg Moran: Biography
    Greg Moran: Personal Life
    Greg Moran: Career
    Greg Moran: About Zoomcar
    Greg Moran: Vision
    FAQ

    Greg Moran: Biography

    Born 25th October 1986, New York
    Citizenship American
    Education University of Pennsylvania, University of Southern California
    Title CEO & Co-founder of Zoomcar

    Greg Moran: Personal Life

    Greg Moran was born in the New York City of America. His parents had a love marriage; his mother was an Italian lady who shifted to New York after her marriage.

    Greg did his early schooling in New York and went to Philadelphia for his graduation at the University of Pennsylvania. He studied International relations. Greg is also fond of cooking and his specialties are pasta in fresh pesto or meatball, coconut curry with prawn or chicken, salads, and chocolate cheesecake. Not only he tells about his cooking but has a craze to visit a Dosa eating competition sometime.

    Greg has a lot of hobbies that include playing piano and hitting the golf links. When he is not doing work and zooming around he goes to visit different golf fields.

    He is also researching sustainable development to create a sustainable economic zone for the people around the globe.

    Greg Moran: Career

    After graduating from the University of Pennsylvania, he began his career at Cerberus Capital Management as Summer Associate from July 2006 to August 2006. In 2007 he joined Fieldstone Private Capital Group Ltd as a Financial Analyst. After doing the job for several years, in 2011 he opened up his firm Greg Moran Consulting.

    With the failure of his consulting company, in 2013 he and David Back founded Zoomcar, a self-drive rental car-based company in India. David returned to the US in 2005 after his marriage and Greg continued with Zoomcar and services in India.

    Greg has also worked in the worldwide energy and infrastructure industries in a variety of financial, operational, and strategic capacities. Greg was involved with projects worth over $12 billion on six continents at this time. Solar power, wind power, and energy storage were among his major focus areas within the industry. Zoomcar is also a model of sustainable development that also caters to the self mobility needs of people in India.

    Greg Moran: About Zoomcar

    The Self Drive Car rental company was initiated in Bangalore in 2013. It was first started with an initial investment of $215,000 and a pack of seven cars. Zoomcar was a new concept in 2013 as there was a rise in Ola and Uber that were providing a chauffeur-based service, whereas Zoomcar was one offering a 100% pure-play, self-drive car rental service in India.

    In India, that was a big step forward. It was understood that there would be demand for this kind of service, it also had the potential to grow and blow up the Indian markets.

    Zoomcar services allow customers to hire a car and drive it whenever they want, and they also provide a large selection of automobiles to meet an individual’s demands at the touch of a button.

    Zoomcar provides their customer a hassle-free experience by saving a lot of money without any long-term commitments. Greg came up with advancements for Zoomcar as technology progressed, such as the ability for customers to check availability and reserve a car of their liking with the touch of a button on their smartphones.

    Greg Moran: Vision

    Greg is always passionate about sustainability and has a dream to create a better sustainable economic development model for people all around the world. He also once said in an interview that ‘If not Zoomcar, I would likely have been an investor in technology companies within the sustainability domain.’

    Although Zoomcar’s business strategy is based on sustainability, it also responds to the market’s demand for easy self-drive transportation. However, Zoomcar has always succeeded in carving a niche for the disruptive offering.

    Several startups and taxi aggregators have followed Zoomcar’s lead and entered the self-drive mobility market, which only serves as confirmation of our goals. One of the focus areas is by adding more and more vehicle models which will be offered to the customers on a subscription basis.

    A survey has shown about 50-60% majority in the demand for premium hatchback in 2019 but as of now, it has gone up by 70-80% in the recent 3-4 months of post-Covid-19 lockdown. The company will now be attentive to the subscribed customers and will provide additional benefits to satisfy their needs.

    Even nevertheless, the need for mobility service is as pressing as ever. Because individuals would avoid taking public transportation to stay safe from the virus, the demand for rental vehicles will only increase. This industry is looking at various car subscription models to serve the needs of the customers and increase the business in the car rental industry.

    FAQ

    What is the education qualification of Greg Moran?

    Greg Moran has completed his B.A in International Relations from University of Pennsylvania.

    When did Greg Moran founded Zoomcar?

    Greg Moran and David Back founded Zoomcar in 2012.

  • Flyrobe Startup Story – Rent your dream outfit from India’s largest beloved apparel rental firm

    We hope to look well and feeling positive in this ever-changing world. This has instilled in us the desire to set newer standards daily. This time, we present to you the intriguing business model of “Flyrobe” that will fascinate you. Flyrobe is an apparel rental firm with the mantra “rent, wear, repeat.”

    Let’s dive deep into the story:

    About Flyrobe
    Flyrobe – Latest News
    Flyrobe – Founders
    Flyrobe – Startup story
    Flyrobe – Vision, and Mission
    Flyrobe – Tagline and Logo
    Flyrobe – Business model
    Flyrobe – Revenue model
    Flyrobe – Startup Challenges
    Flyrobe – Funding & investors
    Flyrobe – Mergers and Acquisitions
    Flyrobe – Awards and Achievements
    Flyrobe – Competitors
    Flyrobe – Fture Plans
    FAQ

    About Flyrobe

    Flyrobe is an apparel rental firm that allows you to rent designer outfits for a reasonable price. It offers a wide range of products for men and women, including ethnic wear, premium apparel, and accessories. It lets you rent high-end clothing and accessories and arranges garments from brands like Ritu Kumar and Masaba Gupta.

    It has a presence in ten of India’s most populous cities. Flyrobe serves approximately 12 cities through e-commerce means such as an online portal and iOS and android mobile apps. The company’s headquarters is located in New Delhi’s Rajouri Garden.

    Startup Name Flyrobe
    IPO Status Private
    Operating Status Active
    Company Type For-Profit
    Sector Fashion, Liftestyle, Rental
    Headquarters location Mumbai
    Founders Shreya Mishra, Tushar Saxena (Co-founder & CTO, Pranay Surana (Co-founder & COO)
    Founded 2015
    Total Funding $10.7 million
    Legal name Omapal Technologies Private Limited
    Key people Pranay Surana(Co-founder), Sachin Shenoy
    Website flyrobe.com

    Flyrobe – Latest News

    27 November 2019

    Flyrobe was acquired by its competitor Rent It Bae, partly in cash and partly in a stock arrangement. The consolidated firms will now be working under the name of Flyrobe and their combined value is roughly INR 60 crore.

    7 September 2018

    Sequoia Capital led a $3.71 million Series B fundraising round for Flyrobe, an on-demand apparel rental firm.

    Flyrobe – Founders

    • Shreya Mishra
    • Tushar Saxena (Co-founder & CTO)
    • Pranay Surana (Co-Founder & COO)

    Flyrobe – Startup story

    It all started when Shreya Mishra the founder of Flyrobe visited Airbnb headquarters in 2012 for an entrepreneurial seminar at Stanford University, where she came up with the idea for this startup. She was inspired by the potential of rental stores, which may be run with existing assets.

    Three IIT Bombay colleagues, Shreya Mishra, Pranay Surana, and Tushar Saxena, began brainstorming ideas for a rental business that might be popular in India. They discovered that consumers pay a fortune on clothes that are only worn a couple of times. It would surely be beneficial to them to freely access new outfits without the burden of ownership.

    Flyrobe’s creators quickly carried out a survey, polling 200 females on their thoughts on the concept. Over 80% of participants responded with enthusiastic approval. Flyrobe was established as a result of this.

    Tushar Saxena was an expert in IT and was approached by his colleagues to assist them in developing an Android app for Flyrobe. They released the app in September 2015, followed by the website in October.

    Flyrobe Website
    Flyrobe Website

    Omapal Technologies Private Limited was responsible for its inception. The trend of apparel rental grew in popularity, and several companies entered the market. Flyrobe managed to acquire prominence using digital platforms, which supported them in becoming more well-known than rival online rental firms.

    Masaba Gupta, Outhouse, and Ritu Kumar are among the designers who have collaborated with Flyrobe. They also collaborated with brands like FCUK, Armani, Asos, and others who also sell western attire.

    Flyrobe – Vision, and Mission

    Vision

    Their vision is: “To make designer clothes available to masses at pocket-friendly prices on rent“

    What do they offer? (Mission)

    On-demand rental: Choose an outfit at least three days in advance and it’ll be delivered to your door on any set date.

    Unlimited subscription plan: Rent any two items from their closet and exchange, repeat, or restore them as desired.

    Flyrobe’s tagline is “Outfit on Rent, Memories Permanent.”

    Flyrobe’s Logo:-

    Flyrobe Logo
    Flyrobe Logo

    Freedom & Fashion was the inspiration for the design. When one can do anything one desires, one is said to be free. By making fashion widely available, they hope to promote freedom in the fashion realm. They genuinely think that one’s preferences, devotion to ownership, and cost need not be limited.

    Flyrobe – Business model

    Flyrobe’s business model revolves around customers renting an attire for 4–8 days. This portal offers bookings for western dress outfits with a 3–4 hour shipping period and ethnic clothing. The app has a 4.3 rating on Google Play. Influencer marketing is their key marketing strategy.

    A diverse selection of designer brands

    Flyrobe is the top digital apparel rental firm, offering a large selection of designer clothing for men and women. It offers the most prestigious worldwide brands. People are interested in the Flyrobe since it provides outstanding facilities.

    It has a variety of outfits for various events. The finest feature is that it offers a selection from popular brands such as Zara, Armani, and others. It is the finest alternative for individuals who want to dress in designer apparel at a reasonable price.

    Affordable rent

    Their main line of service is offering a wide selection of authentic traditional attire for a reasonable price. The price is so low which makes it acceptable to all types of people.

    It only rents garments for four days. Flyrobe’s business model aims to make global fashion labels accessible to the general public. Some ethnic garments are extremely expensive, and most people cannot afford them, especially if they pertain to a specific brand.

    In short, Flyrobe is beneficial for the ones who want to wear branded clothes but can’t afford them due to high prices.

    Biggest trade partner

    Being the biggest trade partner, it gives people access to the world’s largest marketplace. It has over 1800 designers aboard to provide rental solutions to its consumers.

    Serves a variety of metropolitan areas

    It offers clothing rental solutions in a couple of key locations across India. The company is working on growing its operations throughout several cities. As a result, they will expand their operations to 30 additional cities. Their business approach relies on offering flexibility across India.

    Collaborations with renowned brands and a variety of firms

    Their strategy is based on establishing relationships with well-known brands. They feature a large selection of ethnic wear from well-known brands. They can offer their clients unique designs in a wider range. The motive is if the firm has strong & creative affiliates, it will continue to grow.

    No additional charges

    Flyrobe goes to great lengths to ensure that its customers are satisfied. They offer special pick-up and shipment services to clients who cannot visit the store to collect their orders. Customers aren’t charged anything but delivered the greatest services.


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    Flyrobe – Revenue model

    Flyrobe earned $2 million in revenue in 2018 and aimed to triple that in 2019. According to the creators, 65 percent of the company’s overall revenue comes from online sales.

    Their revenue streams include:

    Commission

    Every apparel rental purchase on their official site generates a little commission for them.

    Advertising

    Website or app ads is a component of their long-term revenue strategy.

    Subscription plan

    Their subscription plan ranging from monthly to annual subscription allows consumers to pay a one-time price in exchange for benefits such as reduced shipping charges, refunds, or perhaps a free apparel rental if they fully subscribe.

    Flyrobe – Startup Challenges

    While the business hurdles were obvious, they also had to deal with the Indian attitude toward secondhand apparel. People’s assumptions about renting garments are the reason for the sluggish start of the firm. Indians shun those who cannot pay for expensive outfits.

    India is a nation based on possession, the most difficult hurdle in implementing a business plan like renting is changing client preferences. A social taboo is linked to rentals because fashion has grown to reflect one’s identity, goal, and prominent status symbols. Their cynicism about sanitation, personality concerns, and social influence are some of the most difficult barriers to overcome.

    Only when the customer is willing to rent or wear a previously owned item you would succeed. The perspective shifts as people understand the product’s worth and the reasonable amount they spend for a temporary solution.

    Nonetheless, Shreya Mishra believes a trend will eventually be the standard and India is at the onset of that trend.

    Flyrobe – Funding & Investors

    To date, Flyrobe has raised close to $10.7 million in funding. Sequoia Capital, Chiratae Ventures, and Strive Ventures are among the major financial backers of Flyrobe.

    Flyrobe raised $7 million during its initial two series of fundraising in 2016. Paytm CEO Vijay Shekhar Sharma, Stanhope Capital chairman Leon Seynave, and others also contributed. Flyrobe’s technical, biz, and brand development personnel have all enhanced as a result of this funding. Chiratae Ventures led a round of fundraising that year, raising 5.3 million dollars.

    In September 2018, Sequoia Capital India led a new investment round, and Flyrobe managed to acquire 26 crore rupees from existing owners. InnoVen Capital led a venture round that received an undisclosed amount of money in January 2019.

    Flyrobe was acquired by its competitor Rent It Bae on November 27, 2019, which led to the consolidation of firms that will now be working under the name of Flyrobe and their combined value is roughly INR 60 crore.

    Date Stage Amount Investors
    July 5, 2016 Seed Rounf $1.7M Sequoia Capital India
    Aug 31, 2016 Series A $5.3M Chiratae Ventures
    Nov 22, 2016 Non Equity Assistance $50K Google Launchpad Accelerator
    Sep 6, 2018 Series B ₹264M Sequoia Capital India
    Jan 1, 2019 Venture Round InnoVen Capital

    Note: I have mentioned lead investors, but there are more than 1 investor for some of them.


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    Flyrobe – Mergers and Acquisitions

    On November 27, 2019, Rent It Bae acquired Flyrobe.

    Date Acquired by Amount Transaction Name
    Nov 27, 2019 Rent It Bae Flyrobe acquired by Rent It Bae

    Flyrobe – Awards and Achievements

    In 2015, when the company was just 15 weeks old, they finalized 100 clients in a single day. 20 Bollywood celebs, including Huma Qureshi, Parineeti Chopra, and Sunny Leone, have supported Flyrobe on social media sites.

    Flyrobe – Competitors

    Oh Look

    Oh Look is a subscription-based fashion rental platform for males and it was designed by Arshad Azad. The firm has teamed with prominent apparel companies such as Zara, Louis Philippe, Allen Solly, and others to create a vast wardrobe assortment.

    The Clothing Rental

    The Clothing Rental, a Mumbai-based firm that began in 2005, happens to be a secret destination among the glamour industry’s elite. It allows you to hire their exclusive brands from their New York procurement office in addition to acquiring outfits from the most essential brands. It has two outlets in addition to its online presence (in Bandra & Versova).

    Wrapd

    Wrapd began in 2009 as Rent A Party Dress, a Delhi-based startup. It’s also one of the few online services with a physical outlet. You just have to go look at the attire, whether it be in person or online. After that, you can inform them of your size for the outfit you’ve selected (if it needs to be modified).

    Book the outfit by paying a rental fee and a security deposit that’s up to 3 times the rent, and return it the day after the occasion. Pay the rental fee and a down payment of up to three times the rent to book the attire, then return it the day following the event.

    Klozee

    This business, which is now present in Bangalore, provides quality clothing rentals without any down payment. Klozee Express guarantees that the outfit will arrive in less than 3 hours of your order. Perhaps it allows customers to pay retail price for an outfit especially if you love it.

    Liberent

    With a three-day rental duration, you can hire an outfit from LibeRent without paying any extra down payment. It makes modifications based on the measurements provided. The best part is, for an extra Rs.350, they permit a trial before the actual rental day.

    SwishList

    SwishList allows you to hire outfits by browsing their online fashion collection and booking an outfit for the day of your ceremony. The outfit will arrive two days before the event. The following day, you can return the outfit. A down payment of 50% or more of the rental amount is required.


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    Flyrobe – Future Plans

    • They plan to expand their online services to Dubai, London, and the United States. In the next few years, there will be 15 more outlets.
    • The partnership between the current CEO, Aanchal Saini, and the former CEO, Rent It Bae, led to improved efficiency.
    • Flyrobe will launch its unique virtual trial room.
    • In the future, they will collaborate with more major companies to build trust.

    Other businesses:

    Flyrobe primarily sells apparel, but it has recently begun renting out jewelry, handbags, and other accessories. Its wedding attire collection is one of the finest.

    Value of product:

    Every month, the retail value exceeds $1 million, with approximately 5000 products. It is one of the top product rental sites, as per reviews, and it is filled with a new ideas.

    Here’s a short video for you guys on Founders describing their brand:

    Final thoughts

    Flyrobe is India’s first and fastest-growing e-commerce and in-store rental portal for premium and designer outfits for men and women. The online clothing rental market is already booming. Flyrobe provides free pick-up, shipment, and reservations for handcrafted ethnic, modern, as well as men’s clothing.

    Flyrobe is now the main avenue, much above its rivals, with several Bollywood celebrities endorsing it. Customers are seeking alternatives to purchasing their favorite brands without spending a fortune as we increasingly become a westernized and ambitious community with the mantra of “Use and discard.”

    It is fashion that never goes out of style. The world is your runway and every day is a fashion show.

    FAQ

    What is the revenue of Flyrobe?

    The estimated annual revenue of Flyrobe is $2 million.

    When was Flyrobe founded?

    Flyrobe was founded in 2015 by Shreya Mishra, Tushar Saxena and Pranay Surana.

    Who founded Flyrobe?

    Flyrobe was founded by Shreya Mishra, Tushar Saxena and Pranay Surana.