Rentoid :: A Recession Proof Business

Not many of can safely say that our business is Recession Proof. My friend Steve can.

rentoid

Steve runs a little website called Rentoid. Rentoid is like the ‘ebay of renting’.

Instead of buying a lawnmower that you use once a quarter, to mow your dining-table-sized lawn, you can rent one for a day on rentoid. And instead of having your drumkit sitting unused in your shed 363 days a year, you can list it on rentoid (and make some money).

It’s a simple idea. Definitely a good one (Disclaimer time – I worked with Steve on Rentoid in it’s infancy).  And one that’s going to strengthen even further, given the state of the economy and the environment.

It’s great to see a lot of businesses finally getting their act together, and making greener products for us all to buy. But rentoid goes a whole lot further, by challenging ‘consumption’.

As the recession kicks in, people are starting to think harder about how much ‘stuff’ they actually need. At the same time, more and more of us will realise that we need to pull the reigns on climate change too. That’s why rentoid.com is the sort of forward thinking business that’s going to suceed; it turns our over-producing, over-consuming capitalistic world on its head. I’ll drink to that.

Anyway, the purpose of this post was supposed to be to give you a link to a cool video that Steve and his team put together to promote rentoid. But as soon as I start thinking about Steve’s business, and it’s potential, I just go off on one. It’s truly a recession-proof business idea.

Here’s the vid:

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