Boris Grishenko @ 2024-12-05
Magento is a versatile platform that can be well-adapted to the needs and demands of online entrepreneurs. Countless online stores run on the platform. Unfortunately, it’s entirely focused on selling products. But what if you want to rent out spaces or equipment instead of selling? The standard Magento functionality does not provide the necessary support for specific rental requirements. As a result, no standard solution for rental companies is available within Magento. We offer these companies custom solutions, making Magento suitable for renting out spaces or products.
Online entrepreneurs who want to sell through a webshop often choose Magento. It offers all the important functionalities. You can quickly and relatively easily set up a complete webshop. The platform provides everything you need to get started as a successful online entrepreneur. Magento is designed to work with fixed sales prices. The platform doesn’t accommodate time-based prices or variable costs. This means Magento cannot work with rental prices per day or week.
Renting and selling are different from one another. That is precisely why Magento is suitable for selling and not for renting from a webshop. We provide insight into a few key points where renting and selling differ.
When selling a product, the customer usually deals with a fixed price. This price can be displayed on the product page. In rentals, the price depends on the rental duration. Additionally, more variables can influence the rental price. This can include supply and demand, the season, or the location. The price calculation is significantly more complex in rentals, and Magento is not equipped for this by default.
A customer buys something exclusively at the time of purchase. This is straightforward. This is not the case with rentals. A start date and end date for the rental must be specified. Customers need to select these dates during the checkout process to calculate the correct amount for the rental period. A standard Magento setup doesn’t include these time-bound functionalities.
In a webshop where products are sold, everything can be easily linked to an inventory management system. For rentals, an inventory management system is not sufficient. It’s important to know whether a product or space is available on the dates indicated by the customer. This means the system also requires a calendar function. This is not available in Magento by default.
For a purchase in a webshop, only an address is needed for shipping. Rentals require both a pickup and return location. This information must be included in the checkout process. Magento is primarily geared towards shipping options and in-store pickup. It doesn’t support multiple locations.
Standard Magento is not suitable for entrepreneurs who want to offer rental services. Above, we have given you a clear impression of the main differences between selling and renting via Magento. This makes it clear that Magento lacks many functionalities for rentals. Below, you will find an overview of the main shortcomings of Magento for renting out spaces or equipment.
Magento is a system that exclusively works with fixed sales prices. It’s not possible to set prices based on days, weeks, or months. As a result, it’s impossible to automatically calculate a total price for a specific rental period for a customer.
Another issue with Magento is the lack of a date selection system. Customers can’t choose a start and end date for the rental. This means customers must always contact you regarding this. Another option is to use an external date selection system. A disadvantage is that this makes the online environment less user-friendly and efficient.
Renting involves more than selling. It’s important to allow for selecting pickup and return locations. Rental terms must be indicated. Additional services, such as insurance, may need to be offered. None of this is available in a standard Magento environment.
For one of our clients, we developed custom extensions to eliminate Magento’s rental limitations. These extensions were designed to add rental functionalities to Magento. This way, the platform better meets the needs of the rental sector. Practical solutions arise that make rentals both possible and efficient. We will walk you through some of these solutions.
Calculating prices based on the chosen rental period is made possible by our customized extension. Customers can easily select the start and end dates for their desired rental. The system then automatically calculates the rental price. It’s also possible to add additional options, such as surcharges for peak dates or discounts for longer rental periods.
We’ve added a calendar to the platform. This is ideal for avoiding double bookings. The calendar displays the real-time availability of the space or product. Customers can easily see which dates are available and adjust their reservation accordingly.
Our extension makes it possible to add multiple locations. You can add a location where items to be rented can be picked up. Naturally, you can also add a location where rented items can be returned. Customers can choose the most suitable location during checkout. The system registers the selection for further processing.
A standard checkout page is insufficient for a rental process. We’ve adapted the checkout so customers can add specific details. These include details such as rental dates, locations, and additional services. This integration ensures the rental process is seamlessly incorporated into Magento.
The best solutions always come from customization. That’s why we’ve developed additional custom features. This creates the possibility of offering insurance options. Integrating notifications when the return date is approaching becomes possible, as does personalizing invoices with specific rental details.
Magento is a sales platform, not a rental platform. Do you want to rent out to customers? Then it’s important that the process is smooth and clear. Standard Magento just doesn’t offer what you need to make this happen. Custom solutions ensure quick and easy processes for customers and they optimize internal processes.
We develop our extensions based on our client’s needs. This creates optimal flexibility. Time and costs are saved by automating manual processes. Customer satisfaction increases by offering a smooth process. The number of conversions will also increase. We combine our technical expertise with an in-depth understanding of each client’s business processes. Our team works closely with the client to map out all requirements. This enables us to design solutions for current challenges while taking scalability for future growth into account.
We always start by analyzing the rental processes and specific requirements of the client. This helps us understand what’s needed. Based on the analysis, we design the required extensions and create a roadmap for implementation. The extensions are built by our developers and seamlessly integrated into the existing Magento environment. Before going live, the custom solution is extensively tested to ensure everything works as expected. After implementation, we provide maintenance and support to keep the solution up to date.
Do you have a Magento webshop and want to start renting out products or spaces instead of just selling? Our enthusiastic team is ready to make this possible. We offer the right custom solutions to extend Magento, making it suitable for rentals. Are you curious about what we can do for you? Feel free to contact us.
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