We are very excited to announce that we’ve been able to remove transaction fees from Loanables! Sharing your stuff has never been easier! We’ve been offering Loanables for Teachers at no cost since its launch, and instituted the Green Neighborhood program to reward neighborhoods who appreciate green values. We have now put this into effect for everything on Loanables.
This is an exciting milestone because our goal is to make it as easy as possible for people to loan their stuff out to others, and this simplifies the process to be purely between the Loaner and the Borrower. Both parties will still benefit from our Rental Agreement, which clarifies the responsibilities between Loaner and Borrower. And we have lots of enhancements in the works, including electronic facilitation of the security deposit and a new mobile-messaging system to speed up communications between Loaners and Borrowers.
Like what we’re doing? Please let us know ... or better yet, help us spread the word!!
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2 comments:
Hi,
I think you are doing such a great labour. But I am curious about something: how do you monetize the company?
I mean, I'm sure that to run this company implies costs.
So could you please tell me how you achieve this?
Once again, contratulations & thanks.
Hi Francisco,
Thanks for your comment! For now, we are not making money, and the site is cheap enough to run that we aren't losing too much. We think the Loanables Mission is a worthwhile "investment" and support it on a volunteer basis.
Since we don't really have any marketing budget, we rely on word of mouth. Please help spread the word, and see what stuff you have around your house that you can post for others to borrow!
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