From primitive days to the present world, the sharing of products and also ideas is most common among us. With this spark, some of the creative-minded entrepreneurs have focused their vision on the rental marketplace.
As we all know, the rentals play a major role in our day to day life and it has been well developed and it is brimming very well. Business on such demand will help you to reach greater heights.
But the marketplace without challenges is impossible. With the growing fame in a marketplace, choosing the tech stack becomes a challenge for entrepreneurs.
In this post, I’ll guide you about the right tech stack to build the rental marketplace,
Choosing the right tech stack that powers up your rental business
Technology has the greatest impact on how your product works and also how it will perform in the future. The tech stack also influences the scalability of the product and also dealt with the investment of money and time.
Front end interface – ReactJS
React is an advanced JavaScript library for creating user interfaces. It is evolving at an impressively increasing rate to build better and modern User Interfaces. Above all, the core objective of React js is providing the best rendering performance to improve the user experience.
Top players using React js
Here are some of the big brands that are using React js,
- Airbnb
- Netflix
Why choose React js for the rental marketplace?
React js is a miniature library but also it serves as multiple possible advantages to boost traction of rental marketplaces.
Explaining some of the prior reasons,
- Increase the performance speed by eliminating the usage of code-heavy frameworks.
- Re-usability of code that helps you in saving a lot of time and also provides a smooth user experience.
- Search Engine Optimization is the gateway to boost user traffic onto your rental platforms. React js significantly reduces page load time through faster rendering speed. Hence it provides seamless SEO integration.
Backend interface – Express js
Express js is a web application and open-source framework of Nodejs that allows you to run a mobile as well as a web application and it is light, scalable and cross-platform to execute code. It also uses an event-driven I/O model which makes it extremely efficient.
Popular giants using Express NodeJS
Listing some of the popular giants,
- Uber
- PayPal
- Medium
How it serves you the best tech stack for your rental marketplaces?
- Easily scalable in both horizontal and vertical directions.
- Increase the code execution speed by implementing the code easier and faster.
- Easily customizable according to the requirements.
Database – MySQL
It is one of the most popular databases widely used. It is an open-source, reliable database management system that is compatible with all major hosting providers, cost-effective and easy to manage.
Many online marketplaces are leveraging the data security and strong transactional support offered by MySQL to secure online transactions, enhance customer interactions and also help boost revenue.
Who uses MySQL?
Some of the major sites like,
- Airbnb
- Uber
- YouTube
- Flickr
What made you choose this technology for your rental marketplace?
- It ensures the financial transactions hence the customer can make worry-free transactions online.
- Providing ultimate platform flexibility to enterprises who need additional features and functionalities for their database servers.
- Above all, protecting sensitive business information is the primary concern for every online business. It ensures data security and safer connections.
Do you have the apt solution for your rental marketplace with the right tech stack?
Choosing the best rental marketplace solution with the right tech stack leads to a smooth development process that results in fast turnaround time and better performances of your web application.
Achieve your business goals by choosing the perfect solution,
RentALL which serves as the best solution for your rental marketplace with the above tech stacks and also helps you run your rental business efficiently.
Finding a place to acommodate in a new location has always been a daunting task.
Also, the traditional methods of travel bookings has been expensive due to paying a huge commission or asking your friends to find a new home.
After the struggles and trying all possible sources, nothing becomes fruitful or even met the user's exact requirements.
It was the time where Airbnb app can into existence.
Airbnb helps users to provide travellers by listing many different kinds of properties, single rooms, a suite of rooms, apartments, and so on.
This is when online rental booking platform started gaining popularity among users.
Airbnb is an online rental business platform which connects space owners and people looking for a rental script.
Using this as traverse path the numerous people are generating more income with their own by making adaptive with the customizable features provided by Airbnb.
How the business model makes it stand in online business, guess how?
The circle and community are created by a trust with end to end sharing and support.
By moving next to that script providers also stays with their standard mark to incline up their business to the next stage.
The best show of our business moving up with Airbnb clone will locate noticeable in high ranking.Because most of the house or space owners commonly called as host and travellers prefer Airbnb to create their own account free which make host people list their space and allow travellers to book their desired place anywhere they want in the world.
The procedure for giving explorers a position of convenience is really benefitting and perhaps the best help one with canning.
Business people can have a lift to their startup by pursuing the course of rental associations offered through Airbnb.
There are colossal amounts of the new associations who wish to cultivate their vacation rental business like Airbnb and have a useful business with remarkable compensation age.
One of the standard reasons why one should choose having a platform like Airbnb, as it is a readymade script that is worked with all its essential highlights that drives a shocking look a ton of like Airbnb.
With airbnb, yet there are comparably different rental business contemplations that one can begin with.
As it is prepared to utilize site clone script, it saves time and energy and basically needs to unite with extra highlights whenever required.
A business is successful depending upon many factors – Having a good vision of the company, imperative knowledge of the future economy, having a team backboned with experienced and specialized people, and a great leader to get the ball rolling.
As we all know that sharing economy disrupting the existing business model and changing the way we rent and share stuff with others.
Choose a scalable idea for your sharing economy platform Growth is the main goal of any business!Choosing a scalable business idea is essential as that helps to sustain your business and gain profits in the long-term.But how to find out if your sharing economy platform is scalable?A sharing economy platform resolving people’s problems and elevates the burden of a mass audience is sustainable in the long run.If you take Uber, it reduces the burden of booking a ride for a short distance.
People can now book easily in a click and travel in comfort.Take Airbnb for instance, the business model is completely innovative, giving stiff competition to the hotel industry, as they represented as an alternative to staying cheaper and feel of being at home.
Calculate the minimum number of Providers and customers required by estimating the liquidity of the marketplace.The liquidity known as the percentage of transactions happens in the marketplace at any given time.
The higher the liquidity, the higher is the profit.Determine the liquidity of the marketplace based on the company target and accordingly invest time in roping providers into your marketplace.Focus on devising strategies on acquiring providers and customers and retaining them inside the marketplace.
Airbnb has revolutionized the way to connect with people around the world.
Travelers found it extremely easy to rent out their living spaces.
It has inspired hundreds of entrepreneurs around the world and has become a proven business model.
You have made the right move by making a decision to develop an app like Airbnb.
The market seems promising and the potential of these apps is increasing.
Before deciding on a development company to build your app, here are insights on the market.
