iLetYou lets you, and anyone else, set up a NetFlix-like video and game rental store in a matter of minutes. The San Diego-based start-up is aiming to give consumers access to an estimated 10 billion DVDs that can be found in US households alone, allowing both individuals and independent brick and mortar stores to set up shop online.
There's no minimum number of DVDs or games to get started, which means that anyone with a collection can start renting out to people with similar tastes. The rental economy, as described in trendwatching.com's transumers briefing, caters to consumers more interested in experiences than ownership. iLetYou lets minipreneurs (another term coined by our sister site) take advantage of this growing trend, earning repeat fees from an item instead of putting it on eBay for a one-time sale. Small entrepreneurs who have a knack for curation and can add personality to their stores, should be able to compete with NetFlix, creating the online equivalent of small, indie video rental shops with a personal touch and unique selection.
Pricing and terms are set by the stores themselves, and there are no listing fees. iLetYou takes a small cut of every transaction, from USD 0.40 per rental, in exchange for providing the platform and payment processing. Store owners handle shipping, but can order 2-way disk mailers from iLetYou (USD 190 for a case of 1,000, plus applicable shipping). iLetYou hopes to expand to different products and countries in the future. Get there before they do! ;-)
Website: www.iletyou.com
Contact: beta@iletyou.com
Spotted by: Aaron Sugarman
Email to friendPrevious: Online exchange for parking spaces «
Next: Urban oasis for power naps »
John -- That's definitely a valid concern, and one that iLetYou addresses as follows: "Under copyright law, there is no special license required to rent DVDs or video games you own for home use. All items for rent on iLetYou are specified for home use only. If a renter screens a movie to a large audience for commercial purposes, he or she would be breaking the law, not you." (From their FAQs.)
When you open your own dvd/video game rental business you are always suppose to remember that the key of the success is the right choice of the software. You have to make sure that video game/dvd rental software you are running absolutely secure, powerful, stable and ready to grow together with your business.
Subscription based rental platform like this site - n this case you will have to pay your membership fees, you will never have anything on your own and since all information will be stored at server and you wouldn't be able to access it.
That's main problem since you really unable to protect business and your business will always dependence from someone else. It's really not going to work in case you really thinking about long and successful rental business.
W3Rent™ is the new standard of the rental software for dvd or game rental store specializes in DVD rental system and video game rental system that brings your small- or medium-sized rental business to the next level. W3Rent™ rental solution really contain all required functionality for your business: online rental system and offline video rental store processing supported; rental system and shopping cart software at once; pay per rent rental application and subscription based rental solution; whole automation of rental business and any payment gateway supported; free life time support.
Contact our team using at http://www.w3rent.com and we will response to any questions you may have about rental business.
I was a producer and director with a specialty video production company and hold a number of copyrighted documentaries. I can no longer work full time and I came across the iLetyou online link. I intend on renting my personal library of out of print and sought out videos.
The issue of copyright is clearly laid out in this companies business modal. Even the large rental houses do not pay for viewing rights of major films because the market is for home viewing only. I went to the other biz site listed and after getting to the point of cost of five thousand dollars USD, I have no intent on growing a large market and so far I am impressed with the security questions one might have of iLetyou. I may post a follow up comment after a final decsion and six months of experience.
Is there not an issue regarding the legality of leasing DVDs? How do they get round this?
John Peden | April 18, 2007 10:55 AM