Inspiration :Nowadays we see many middle class people who cant buy expensive gadgets for their use like DSLR cameras and drones , new startups might need some high end computers or other gadgets and research based companies might need some technical and electronic equipments. So renting will have them a low investment and profit to us.
What it does: We are planning to create a website and an android app which will have all the information about which gadgets are on rent. Mostly all the gadgets will be made available like cameras, drones, high performing computers, projectors, gaming setups, etc.
How I built it : This whole startup of renting will have high investment before as we will have to purchase number of gadgets we will seek help of our college for fundings and creating a website and app will be done by the team members once we learn all the skills required. We are planning to rent the gadgets on a low price. So to have a profit we need to rent to a number of customers. Once we start gaining profit through local marketing then we will plan to go for Affiliate Marketing through our own website or different social media platforms through adsense or simply link based affiliate.
Challenges I ran into : The most challenging thing will be to generate a high investment in the start and then managing every product and delivering it to the customer which is we are planning through shipping or hire delivery boy who will deliver it from our own warehouse directly.
Accomplishments that I'm proud of: Firstly, we are proud that we came up with this great idea and plan all things in a proper manner. Also, the team members supported to a great extent and made this startup a successful idea.
What I learned : We learned new technical skills like web development and designing. Some marketing strategies and management skills. How the market works. How to grow your tech business idea.
What's next for Technical Gadgets On Lease : We hope our startup will end up having good profit and when we will get experienced in this field we will certainly go for a tie up with BIG Companies like amazon and flipkart. So that in future we will have more opportunities and spread our idea and get more customers throughout the country.
