Many people enjoy renting movies, and Web-based rental services offer a level of convenience not found in traditional brick and mortar stores. The combination of entertainment and easy use makes online movie renting a popular business. To start your own online movie rental service, and reap the profit benefits of the popular business, you will need a website, inventory and a license.
1. Decide what types of films you will offer for rent. Offering only new releases will help keep your purchasing cost down. Offering a wider range of films including foreign films, older releases, and TV shows on DVD and straight-to-DVD films will cost more to purchase, but will give you a wider client base.
2. Decide how you will charge customers. You can charge individually for each rental, or use a subscription service where customers pay a flat monthly fee to rent unlimited movies. Decide a rate for your services.
3. Determine a customer policy for DVD rentals. For example, you can allow subscription based customers to keep DVDs indefinitely, providing the customer pays the monthly rate. You can set a return due date for individual rentals.
4. Purchase or lease warehouse space to store the DVDs. You can start with a smaller space and upgrade to a larger space as your business increases.
5. Purchase DVDs from a wholesale supplier. Purchase enough DVDs in your chosen genres and types to offer to new customers. You can purchase more DVDs as your business grows.
6. Create a website to attract customers and rent out films. The website must have a database of your inventory, a customer sign up area, a payment area and a check out area.
7. Advertise your business. Purchase ad space on popular film websites or blogs highlighting your business. You can also purchase TV or radio commercial space.
8. Collect customer orders from your website. Select the appropriate DVDs from your warehouse stock. Ship the DVD to your customer.