BooqApp is a c2c item rental marketplace to make passive income trough items which are used occasionally.
We complete our producxt on January 2020 and now trying to start our marketing. Currently we have 2500 User in istanbul and we are receiving rental deals every two days. We just made a partnership with HDI Insurance to secure the goods in marketplace when in Rental operation. The test ad results show us that Insurance is a must to create trust between users. we are planning to complete insurance integration on the beginning of may. this feature will incsrease our conversion rates.
$15 bn Sharing Economy market value (PwC 2014)
Sharing Economy market value in 2025 (ac. PwC 2014)
Estimated value of unused resources in the world (The People Who Share 2014)
Problem or Opportunity
70% of the wolrd population earns and low or mid level wages. and they are suffering to pay their Rents of house or credit payment, Bill or education payments. They are searching for an alternative channel to create passive income. Known passive income channels are not feasible for them
Solution (product or service)
Every one can add their items which are used occasionally to our marketplace for free and share on socail media to create more outreach
Getidle - USA startup
Sharely - Switzerland
-Rento App - Malta Company - Poland
Advantages or differentiators
each of them are on early stage and trying to survive like us :)
we have 2 main Advantages
first one is we are completly integrated to Iyzico(Payu company) to get payments of rentals and we are holding the money to the both side approval.
second one is the insurance we are now integrating on demand insurance feature to our system. user can buy insurance to the item for only rental perion.
We ahve 3 main Model to earn money
1. To get commissions from Rentals
2. From İnsurance Service fee
3. With our "Rentificial" Product
Rentificial is a smart rental management software for rental companies. they can manage their operation from anywhere with anydevice. Also they can make free ads to BooqApp while they are using a premium account
Money will be spent on
We are planning to spend money mostly on Digital & Influence marketing.