Archive for the ‘Survey’ Category

Here is the text from the press release we posted this morning.

You can view it on the wire here.

iRent2u Launches Online Rental Marketplace in the $85 billion Rental Industry

Launching with over 1 million items in over 10 categories, iRent2u is the preeminent destination for all online rentals

LOS ANGELES–(BUSINESS WIRE)–iRent2u, LLC, the online rental marketplace, today launches www.iRent2u.com where you can rent anything from anyone. iRent2u is where everyone can get more from what they already have. Users can either lend their assets to make money, or borrow from others to save money. The company provides 24/7 online access to goods, clear inventory lists, easy comparison shopping and a built in reservations system. iRent2u facilitates the entire process by building a community of people who enjoy helping each other.

According to First Research, the current rental marketplace in the U.S. is in excess of $85 billion and is trending towards consolidation with about 65,000 small companies, each with one to three small stores. Rentals are the most efficient way to fill temporary needs, yet until iRent2u renters faced many obstacles. Items have been hard to find, over priced and inconveniently located. A highly fragmented industry, many rentals are handled by small stores. Often these small rental companies don’t have the expertise or desire to manage a website. In fact most stores do not list the items they lend, show their availability, or accept reservations online. Up until now, the industry has been lagging and inefficient.

iRent2u was founded by three entrepreneurs as they studied for their MBA’s: Roy Bacharach, Tim McCormack and Nils von Bothmer, who then went on to win the 2007 Pepperdine Business Plan Competition. Von Bothmer conceived the idea when he moved to Los Angeles, California and needed a drill to assemble his new furniture. Not wanting to purchase one for single use when there had to be ten within a one mile radius, he knew there had to be a better way.

The company bridges problems like this with a simple, innovative solution, the website www.iRent2u.com, where everyone can get more from what they already have. With 24/7 online access to goods, clear inventory lists, easy comparison shopping, and a built in reservations system. iRent2u makes renting accessible. People can choose to spend less money and buy fewer products, thus reducing environmental waste. iRent2u is eco-friendly, helps prevent over consumption and facilitates the entire process by building a community of people who enjoy helping each other.

“Ours is a simple solution that resolves serious problems. iRent2u is where everyone can get more from what they already have,” said von Bothmer, the company’s chief operations officer. “Users can either lend their assets to make money or borrow from others to save money. We make renting accessible. People can choose to spend less money and buy fewer products, thus reducing environmental waste and making the world more efficient.”

Product Benefits, Features and Pricing

iRent2u provides easy 24/7 access for customers to go to the site, browse or search for what they want and view user’s rental listings. Users can stay in control of the entire process — publish prices, or keep them secret; allow discounts for frequent customers or charge everyone the same rate; deliver to them, or have them pick it up.

Users can make reservations, read and approve rental contracts, leave their deposits, and even refer friends from within iRent2u. With a rapidly growing customer list of lenders, iRent2u is a no risk, online listing of rental items including the following features:

• • Inventory management and scheduling – provides an easy system to control assets online which is accessible virtually anywhere.
  • Customer comments and ratings – offers advice from other customers.
  • Reservations – provide an easy way to reserve an item for a future date.
  • Online contract system – allows users to reduce work and save time by managing contracts online.
  • Built in directions and mapping – helps people find each other quickly and easily.
  • Free to try, and no upfront listing fees – users are free to create an account and list items for rent. Once a customer completes a transaction, iRent2u keeps a small percentage of each customer’s transaction fee.

The iRent2u service is absolutely free to create an account and list items for rent. Once a customer completes a transaction, iRent2u keeps only 10 percent (10%) of each customer’s transaction fee plus a $1.00 service fee. Lenders can even reduce their transaction fees to five percent (5%) by referring their friends to the site. Transaction fees drop one percentage point (up to five) for every referral that creates an iRent2u account.

Benefit to Rental Companies

As an online aggregator for rentals, iRent2u provides rental outlets with a way to succeed in a fast changing market, giving small businesses the same tools as larger companies. By gaining more exposure on iRent2u, these companies can increase both rentals and revenues with no additional risk. Rental companies simply pay a small transaction fee once a sale is complete.

iRent2u envisions existing rental companies as resellers, partners or advertisers. Early inventory for the company has been provided by a broad range of companies including BookRenter (textbook rentals for students), Ridester (ride sharing), Amadeus (20+ major car rental companies), and Stratos Jets (private jet charter service).

About iRent2u LLC (www.iRent2u.com)

The online rental marketplace where you can rent anything from anyone. iRent2u offers 24/7 online access to goods, clear inventory lists, easy comparison shopping and a built in reservation system, making renting accessible. People can choose to spend less money and buy fewer products, thus reducing environmental waste and making the world more efficient. iRent2u facilitates the entire process by building a community of people who enjoy helping each other.

Contacts

iRent2u, LLC
805-617-4654
info@iRent2u.com
or
Media Contact:
pr@iRent2u.com

Popularity: 100% [?]

iRent2u.com - A Company with a Mission…Statement

We have a fun little game for all our loyal readers. For the winners, “fame and fortune will follow you until the end of your days” (from a fortune cookie I got recently).

OK, well not a lot of fortune, but we will recognize anyone who does well (fame!). And recognition is supposed to be pretty important these days. According to (…) 70% of employees would rather get more recognition for their work than to get a raise. Wow! That is great news for employers who listen.

But what is the game you ask? It is “Guess the Mission Statement“.

Sound boring? No way! We have gone out of our way to get some of the greatest mission statements available today. Then we made it a little trickier. We hacked them up and changed them into something that WE would say.

So below you have eight mission statements. Six of them are altered versions from major companies around the world, and the two others are different parts of ours.

Your mission, should you choose to accept it, is “To identify the original company’s missions statements.” Now that is fun!!!

Good Luck!

1. “We help people rent practically anything on earth.”
2. “iRent2u.com aims to collect all the worlds’ rentals and make it universally accessible and useful online.”
3. “Our mission is to make the world more efficient. We will use technology to harness the power of community & increase rentals, and thus allow everyone to get more from what they already have.”
4. “Our goal is to establish iRent2u.com as the premier rental hub with the greatest selection and availability of rentals in the world.”
5. “iRent2u.com’s mission is to connect people to rentals, their communities, and help them get more from what they already have.”
6. “iRent2u.com’s mission to build a place where people can come to find and access anything they might want to rent.”
7. “To be the world leader in listing and facilitating efficient, cost-effective rentals based on advances in internet technologies and community interaction.”
8. “We help you rent anything, anywhere, from anyone, for less.”

Bonus Question - Think all these mission statements miss the mark? Send us your thoughts on what our mission statement should be. As long as it is not obscene (but funny is OK) we will post it along with the results from the contest sometime next week!
So there you have it. Send your responses to Contest@iRent2u.com

Make sure to include all important information.

A correct response will look something like this:

• Name: Harry Potter
• Email: HPotter@hotmail.com
• Website (optional): www.HarryPotter.com
• Answers:
  • Company A
  • Company B
  • Company X
  • Company Y
  • Company Z
  • Company P
  • Company D
  • Company Q

We can’t wait to hear from you. We will lavish the winners with recognition, and that can really keep you warm on those cool winter nights.

We look forward to seeing your responses!

Popularity: 5% [?]

Welcome TreeHugger Readers!

Today I received a very nice surprise. The exact kind of surprise a new business owner and fervent blog writer loves to receive. Our company made it onto TreeHugger!

For anyone who has not seen the article, you can read it here.

I have been a long time reader of TreeHugger, and saw the post that Tamara had done on a similar site in Europe, Erento.com - but I was sure happy to see that we hadn’t fallen through the cracks in our efforts to bring this excellent opportunity to the United States.

For anyone who is curious to learn more about our service, click here to take our short survey. Make sure to leave your email address at the end and we will send you updates for when our site launches.

In the article, Tamara makes a very important point. I have quoted her here:

“Rental” has typically been synonymous with the less affluent that can’t afford to buy something outright, so instead pays an ongoing fee for the receipt of using it. But in a world of finite natural resources, waste and the legacy of post consumer goods becoming everyone’s issue, renting and not having the burden of owning and then dealing with the disposal or storage of goods is a compelling proposition.

We all feel that this is a very exciting time in the world. While we are confronted with so many important issues, we are also faced with incredible opportunities. We fully believe that together we can find solutions that will make sense for everyone, and make the world a better place to live.

It is really an honor to make it onto a blog that we respect so much. Again we would like to welcome all the new visitors we have from TreeHugger, and extend a special “Thank You” to Tamara for writing such a nice article about us.

Popularity: 12% [?]

iRent2u.com & Saving the World, or Bart Simpson?

On August 13th I posted some information about the new podcast I am doing, GreenTech.fM. It is a bi-weekly interview between myself and a Topanga green architect who not only shares a love for new technologies but also has some incredible innovations of his own. We have received a great response to the show since its launch. We hoped people would like the show, but little did we know that we were going to get hugged by people we had never met!

If you haven’t taken our survey yet, please go here now. Click Here to take it now!

Huggs for iRent2u

One of the ways in which we have gotten a great response is from a relatively new site called Hugg.com. Hugg is a website for people who are interested in green news. Green being a catchall phrase for things environmental in nature, likes issues related to global warming or pollution.

The way the Hugg site works is that people read the short articles, and then vote for the ones they support or agree with. When I posted a snippit of our press release onto the site to see if anyone cared, the response was incredible!

Of all the posts on the website, ours has the 7th highest votes. There have been a total of 29 different people who have “Hugged” our article, plus people have left great comments. Here is a picture of the site and our Huggs.

So we are very excited about all the attention we have gotten for that. What seems a bit strange to me is that the whole time we have been fighting neck and neck with Bart Simpson. What do I mean?

Bart Simpson and His Prius?

If you take another look at the Hugg page, you will find that right above us is another post about Matt Groening driving a Prius. The article is very creatively title “Bart Simpson Drives a Prius”, and if you read the source you will see it details Matt Groening’s entire life, from the perspective of which car he owned. (yawn)

Here is a screen shot of that darned Bart Simpson article:

I know I am biased, but to me a new podcast that is focused on praising and publishing all the incredible new technologies that scientists and entrepreneurs are creating is more interesting than the fact that a famous cartoonist now drives a Prius. But I guess I can only leave that up to the readers at Hugg to decide.

Either way we are happy with our Huggs. This makes us feel all warm and fuzzy inside, and so we wanted to say thank you.

Oh yeah, and if you wanted to help us beat out Bart Simpson, we wouldn’t mind.

Please go to this link here. http://www.hugg.com/node/529 Create an account, and click the little plus symbol underneath the Counter that shows how many Huggs we have recieved.

Thanks for your support!

Popularity: 8% [?]

Do You Need to Buy a Gift for the Person Who Has Everything?

You all know who I am talking about. Often it is some guy you know, or maybe someone you don’t know. How do you buy a gift for someone who has everything?

Recently we have had a lot of people contacting us about the option of giving rentals away as presents. Some of our readers have had great comments, and we thought it was worthy of a whole post.

Rentals can often be the perfect present, for many reasons. We will cover a few of them here.

Buying a present for someone can be tough. You are always trying to come up with something original and interesting, but how do you know they will like it? If they really wanted it then they would probably buy it for themselves, right?

Really you want to buy something for them that they cannot buy for themselves. The problem with this of course is that we aren’t made of money. If they cannot afford to buy it, how are you going to be able to?

The alternative to this is a rental. Think of something they would love, and get it for them for a day, or a weekend. There are many things people would love try. Here I will list a few great options.

Top 5 Rental Gifts for Guys:

1. Ferrari! - Ok, so I shot for the moon on the first one, but there is nothing wrong with dreaming big. I can’t think of a single guy who wouldn’t love to drive a Ferrari for a day. Even my 98 year old Grandfather would probably appreciate a crack at one. Sure they rent of over $1,000 a day, but he won’t mind - unless you just paid with his money.
2. Vacation Rental for a week in the Virgin Islands - Ok, so I am still shooting for the moon. But no one can disagree that a week in the sun next to some of the most fabulous beaches in the world would be a dream present for most anyone.
3. Boat/Yacht/Sailboat - Who doesn’t enjoy spending the day on a boat, having fun with their friends, getting some sun, drinking too much and then getting sea sick? Well maybe not the last bit there, but a boat rental can be a blast. Careful with the sailboat option. If they don’t know how to sail one, it will be a long unhappy experience, believe me. Still, days on the water can be some of the most memorable experiences you will have.
4. Plane or Helicopter Ride - Noticing a theme here? Guys tend to like loud moving machines. Pushing the boundaries a bit by heading to the skies can be a real blast, and not something they are likely to already own 5 of in different colors (including paisley).
5. Red Dawn/Rocky/the Godfather - A bit on the cheaper side, most any guy enjoys the chance to curl up with a nice mellow action movie full of explosions and blood. Don’t like to watch these movies? Pretend like you do for one night, let him enjoy it, and be happy you just got away with paying $1!

Top 5 Rental Gifts for the Ladies:

1. Jewelry - A newer concept that has been sweeping the country, jewelry rentals are a hit! Apparently women like jewelry, even when it is too expensive to buy… how strange. Renting some of the crown jewels will not be possible, but it is doable to rent enough bling to make your lady feel like a princess for the evening.
2. Vacation Rental for a week in the Virgin Islands - Did I already say that one? This one definitely works for both genders.
3. Hot Air Balloon Ride - You, your Lady, a bottle of champagne, and nothing but fresh air, bright sunlight, romance… and the funny guy working the hot air… This one always seems to be a hit, just make sure she isn’t deathly afraid of heights or it will be a long ride home (or a very lonely hot air balloon ride).
4. Wine Tasting Trip - This one is a very safe bet. Rent a mini-van or small bus with a driver, gather up 10 to 30 of her best friends, eat a big breakfast, and head out for a day of sniffing, sipping and wining… Be careful what type of bus you rent though, some of them come with flashing lights and a pole in the back. People either end up dancing or with their heads spinning from the lights, and either one can turn a great trip into an embarrassing memory. Don’t live near some wineries? Get a van and take all the women shopping. Throw in a few stops for wine and you can get an almost frenzied effect similar to shark feeding frenzies.
5. Beaches/Ya-Ya Sisterhood/the Wedding Planner - Just like men love their action movies, women appreciate a good substantive, heart warming, connect-with-your-mother type of movie. Not sure you can take all the jibber-jabber? Imagine in each scene they are about to duke it out in some jello. That should keep you occupied enough to ignore that your arm just went dead from all your happy cuddling.

So rentals can be a great alternative. They key is to figure out what they want, but can’t afford to have all the time. By doing this you can create your own “Shock-and-Awe” gift celebration.

Popularity: 28% [?]

What Do You Want to Rent?

One of the neat things about creating an open platform where people can rent out anything they want, is watching what people have to rent out. Of course we are a bit early to start telling you what people are renting, since we haven’t even launched yet, but we can tell you about some of the more interesting requests and comments we have seen.

Below is a listing of some of the items recommended to us by people who took the survey. Not everyone was completely serious when making suggestions, and we were a bit concerned by how many Americans today enjoy entertaining the idea of renting women, but for the most part we got a great response.

Some Interesting Suggested Items to Rent:

• Being able to “borrow” the use of expensive computer software, like Adobe CS3, would be great. I don’t do enough graphic design to want to buy this software, but I would love to be able to rent some time to use it.
• Table saw, circular saw, hot glue gun, weed wacker, hedge trimmer, electric blower, steam cleaner, tile saw
• I have found a real need to rent baby items (car seat, stroller, pack and play) when friends come in town or if I go out of town.
• What about borrow “help”? Like to fix a door, special garden work or similar?
• We might do a rental of art for corporations
• One of the biggest things on this list is the books…University book stores rip off students. This is a good way for owners of books to get the value they paid for it.
• Are you going to do things like cup of sugar? What about favors, I water your plants you water mine?

Do you have any ideas of your own? If so, take the survey and let us know. We are always interested to hear your comments. http://www.surveymonkey.com/s.aspx?sm=0S3pPYxkR6S0eGbiQVlZ7A_3d_3d

Unique Rental Company Items:

Besides what we have seen on our survey, there are other interesting things being rented these days.

One new option is renting handbags & jewelry. A popular site for doing this is www.BagBorrowOrSteal.com This is something that I personally would never even look at, but my wife was quite taken with the idea. Unfortunately we had serious problems with the service when we tried it out, but the concept is great. Rent expensive handbags instead of purchasing them, and then you can trade in for new ones and always have a fun new bag! Be careful with the mail though, send it incorrectly and you will pay for the whole bag, which is what happened to us on our first one.

Another thing I NEVER would have thought of is renting pets! Believe it or not, www.FlexPetz.com already exists, and is helping people enjoy pets who don’t have the time to care for one all by themselves. Now how this works I cannot say, since we are talking about living animals. This does seem strange, but then again there must be situations where this works really well. Perhaps this is good for elderly folks who just are not able to care for a pet all by themselves. As a pet lover myself I am glad to know that this service exists to help out those who have had to go without in the past.

Something a bit in the future is a service called Riot & Return http://www.riotandreturn.co.uk/. This is children’s clothing from the label Keep & Share. Apparently people will pay by subscription, and then return the clothes after they have been used. This seems brilliant to me, as children’s clothing costs a lot for such a short use cycle.

Rent Everything!

We love to see new companies making rentals a more acceptable alternative. Renting increases the use of an item, decreases waste, and is an all around better options for many different things. Hopefully we can provide an abundance of new items for rent on our website once we launch. Our goal is to have at least a little of everything, with hopefully a lot of most.

Once we all start renting more, we are all going to get more from what we already have. That works perfect for us, because we strongly believe that “Together We Have More”.

iRent2u.com, the Online Rental Marketplace - What do you want to rent?

Popularity: 11% [?]

I am happy to say that our survey has blasted through the 500 barrier, well on its way to hitting that exciting and elusive 1,000 responses mark!

This weekend, after Pepperdine university so kindly sent out the survey to a bunch of our old graduating classes, the survey blasted by 500 all the way up to hitting 544 responses. Once again the responses have been great. Here are a few fun statistics that we have taken out of it.

But for anyone who hasn’t taken it yet, here is the link. Don’t peak at what other people said, take the survey yourself first! http://www.surveymonkey.com/s.aspx?sm=0S3pPYxkR6S0eGbiQVlZ7A_3d_3d

Now On to the results. I don’t want to give away the whole survey here, but I will give you five of some of the more interesting statistics we pulled from it.

• 86.2% would be willing to lend their personal items to their neighbors
• 82.3% would be willing to rent items from their neighbors
• 85.1% feel comfortable paying to borrow items they need
• 52.1% would be willing to lend items even if they were only rented once or twice a year
• For most items questioned, between 5 and 6 times as many people were willing to borrow items than lend them, which provides an excellent value proposition to lenders
• 94.8% of our respondents would be willing to either lend or borrow items. Out of 500 people surveyed, only 26 said they would not be willing to do one of the two options

So as you can tell, we have been getting very positive responses. This of course bodes very well for our business model, and we look forward to getting everyone on the site and giving them a chance to prove their bold statements. =^)

Speaking of the site, it is coming along very well. We have made tremendous project, in part thanks to some great effort on our web development team, A Small Orange. We are very very excited to give you a chance to run amok on the site, but first we want to work out some of the little bugs.

We will be posting new screen shots soon though, so make sure to keep checking back. It is looking great, working well, and getting us all pumped to launch as soon as possible. I can’t wait to show you have far it has come.

Look for new shots to be up within the week. For now, thanks for visiting, thanks for taking the survey, and thanks to all our die hard fans who voted for us on the Eventful box below. We appreciate it.

Popularity: 9% [?]

Welcome to iRent2u.com all Pepperdine MBA alumni!

In the ongoing efforts to reach 1000 respondents to our survey, the wonderful faculty at Pepperdine has agreed to send out our survey request to all graduating MBA classes as far back as the year 2000. This will be a great help, as we have stalled a bit around the 480 mark, and can use the help.

If you haven’t taken the survey yet, please go here to do so. http://www.surveymonkey.com/s.aspx?sm=0S3pPYxkR6S0eGbiQVlZ7A_3d_3d

This is just another example of the wonderful help Pepperdine University has been in launching our business. In case you are interested I will tell you a bit about how Pepperdine has really helped us along the way.

To start off, if it wasn’t for Pepperdine’s excellent study abroad program to Spain, I never would have met my business partners. Without that I never would have heard of the idea or had a chance to participate, even though one of my partners was right next door in UCLA Anderson.

Besides the study abroad program, there were many opportunities Pepperdine facilitated that really helped prepare us to launch a business. One of the most impactful was my participation in T.E.C. (The Executive Committee – now called Vistage ). Vistage is the world’s largest CEO network, and is a program where you create a personal board of advisers. Here we got the chance to have very personal and candid meetings with extremely successful businessmen & women from the LA area. Speaking and learning with them helped me realize that my true calling was starting my own business. This also helped me to recognize the opportunity when it presented itself, by keeping me in the right frame of mind. There were many other great learning opportunities before I went to Spain, but Vistage was the most motivational and inspirational of them.

A special Thank You is due to Gary Brinderson of Brinderson Construction who made this experience a reality and gave such valuable insights. The things I learned while working with you were invaluable, and will stay with me the rest of my life.

Great benefits came after I returned to Pepperdine with my new team and business plan. Obviously winning the Business Plan Competition was incredible in helping us validate the concept and obtain startup financing, but we received so much other help that it is hard to quantify. You can’t know how many people coached me, brainstormed with me, mentored me, and assisted me with every part of the business. It was this help that turned an incredible idea into a tremendous opportunity, and it was the people from Pepperdine who made it happen.

Now that my partners and I have all graduated and started the business, the relationship has continued to help us tremendously. We were invited to attend a black-tie event, the Ernst & Young Entrepreneur of the Year Award Ceremony, where we got to network with highly successful local entrepreneurs. We got 7 different volunteer interns to work with us on varying projects of great importance. Just this last weekend we were invited to speak at a Pepperdine Entrepreneurship Forum where we met other motivated entrepreneurial students who gave us great feedback and others who are interested in investing.

Overall our relationship with Pepperdine University has been a huge help with the launch of the business, and for this we simply want to say thanks!

A special thanks to the following:
Charles Morrissey – for giving us great insights into the crazy entrepreneurial world
Molly Lavik – for connecting us with incredible mentors and advisors
John Mooney – for a couple really great brainstorming sessions that helped remind us the best help doesn’t always come with a price tag
Dean Livingston – who has been ever supportive and has offered the help of Pepperdine many times
Michael Magasin – for his incredible “Scared-Straight” business law class which has motivated us to do everything correctly while forming the business
Doreen Shanahan – who gave us such great feedback after the second round of the business plan competition
Andrea Scott – also willingly gave excellent feedback on the concept during the competition
Geri Jabara – for getting me to Spain and being one of the most positive and supportive persons I have met in my life
Kristin Strange – for approving my intern request forms =^)
Nicole Hall - for putting up with my repeated emails asking when she was going to send out the survey to the alumni. =^)

Of course this is just the tip of the iceberg. The whole University has been behind us. I haven’t even begun to mention all the incredible fellow students who did the bulk of coaching and assisting, but I will leave them for a post another day.

For now just let me say thank you for all your help, and we, at iRent2u.com, appreciate the support!

And if you are also a Pepperdine alumni, don’t forget to utilize the excellent resources available to you through the staff and other students & alumni. They can have a tremendous impact on your business.

Popularity: 9% [?]

News Break: iRent2u.com does shameless requests for endorsements!!

In our continuing efforts to be chosen to present at the TechCrunch20 this September 17th & 18th, iRent2u is looking for informed parties who would be willing to write endorsements of our efforts.

Does our concept speak to you? Does it make sense? Do you see the value in what we are trying to do?

If you answered yes to any of these questions, we would love to hear from you. We are looking for short one or two sentence comments regarding the concept and our progress to date.

We have already began receiving comments from people, and are excited to begin sharing them with you. Once we have collected more we will post them onto a separate page along with links back to the authors so that you know who is speaking.

To give you an idea of some of the comments we have received so far, here is a brief list (authors names are not displayed as we are still coordinating permissions for their publication)

Comments made about iRent2u.com so far:

“This website has the potential to change the face of commerce as we know it”

“Just as the saying goes: “It takes a village to raise a child”, why not “It takes a neighborhood community to raise awareness”. I believe that iRent2U is going to do just that, raise awareness about our over consumption. Going “green” is much more than just saving some gas and a little bit on your electric bill, it is a lifestyle change that means living in a way that gives back and protects rather than purchase and waste. I think if we all did just a little sharing with one another stating in our own communities, we can start a whole new way of living across the nation. iRent2U isn’t just another eBay-ish rental website; it has the power to push regular people into a different mindset—green living that includes sharing with your neighbors in an equitable fashion. Just brilliant!”

“This business idea appears to have great potential as a game changing approach to borrowing and lending and interim equipment rentals. The concept is simple and the website is also quite simple in scope. I look forward to seeing this business rollout in my area of the Midwest so I can realize value for myself, not just cost to rent from others.”

“The concept is brilliant. I have shared Nils’ “drill” thought countless times”

“oh, man, i can’t wait to start renting out my circular power saw.”

Thanks to those who have already written reviews:

This is very exciting for us, and we appreciate your support. Some people are requesting to see the actual site before writing a review, which is totally understandable. If you prefer to see the site first please send me an email and I will give you a sneak peek sometime after the 15th. We can’t make the site totally public though because we made a promise to TechCrunch not to release it openly to the public until the conference.

If You Don’t Like to Write:

Some people do not enjoy writing stuff. If you are one of these people, we would appreciate your listing us on any of the social networking sites such ad Digg.com or StumbleUpon.com. Or just tell your friends, that is enough to make us feel all warm inside. =^)

Survey Update:

In the meantime, if you have not taken our survey we would appreciate your input. You can find the survey here.

Feel free to forward the survey on to other people as well. To do so send this link. http://www.surveymonkey.com/s.aspx?sm=0S3pPYxkR6S0eGbiQVlZ7A_3d_3d

Our survey now tops 445! People keep responding, and we appreciate your input. If things keep moving like this we will definitely hit our 1000 mark!

Popularity: 8% [?]

347 Responses & How Renting Makes You Green…

For those of you keeping track, our survey responses continue to roll in. I am happy to say that we have reached 347 total responses, well on our way to the 500 & halfway mark. If this keeps up we are sure to reach 1,000 responses, but only with your help.

If you haven’t had a chance to send out the survey to your contacts, we politely request that you do so now. It only takes 5 minutes to fill out, and would be a great help for those of us who are working feverishly to change the world.

If you haven’t taken the survey yet, here is the link. Remember it is totally anonymous so please tell us exactly what you think. http://www.surveymonkey.com/s.aspx?sm=0S3pPYxkR6S0eGbiQVlZ7A_3d_3d

Are You Green? How Can You Be?

Here at iRent2u, we are trying to make the world greener. We do this by creating a system where everyone can get more from what they already have. If you can get more from what you own, then you don’t have to buy as much stuff. By buying fewer things, you save money. That means you work less. That means less waste, because there are fewer things being thrown away. Everyone wins, except the big businesses who are brainwashing us to buy their stuff.

Want an Example?

Imagine a normal neighborhood. In this neighborhood there are 100 homes. Of course everyone has to cut the grass, so traditionally that means 100 lawnmowers have been purchased to facilitate this. Some people would buy riding lawnmowers for thousands of dollars, and some people wouldn’t buy one at all, but for convenience let’s say that everyone bought this standard lawnmower from Sears for $479.

$479 times 100 homes = $47,900 spent on lawnmowers. Ouch!

That is just the money spent. Additionally each mower had to be built, creating waste. Natural resources were used, and most likely some low wage child worker in China working 100 hour weeks was exploited to do so.

Many people will get rid of their old mower after 10 years, whether it is broken or not, just because they want a newer model (maybe the new one with a drink holder - what a feature!). So let’s say that after 10 years half of the homes replace their mowers. At present day prices this costs another $23,950. Double Ouch! Not to mention that 50 lawnmowers were just thrown away into a landfill to sit for the next 10,000 years.

So what’s the alternative?

Imagine how much more efficient it would be if everyone used iRent2u.com. How much money and waste could be saved? Let’s figure it out.

According to YardCare.com a normal lawn needs to be mowed about once every week. If one lawnmower can only mow one person’s yard in one day, and you have Saturday and Sunday to do yard work, then it is very easy to imagine that two people could share one lawnmower. Using iRent2u.com, one neighbor could buy a lawnmower and the other could rent it each week. This is the most minimal example, as it would be easy for 4 or 5 houses to use one mower with a bit of coordination.

So if each two houses shared a lawnmower, that would cut the amount of mowers needed in half. So instead of spending $48,000 on lawnmowers, this neighborhood could save $24,000! Less waste, less money spent, no loss in value to anyone!

What is the individual impact?

Imagine you are person X, and you just bought your lawnmower. You spent $479 for that lawnmower from Sears. You work out an arrangement with your neighbor who borrows it once a week to cut his grass for $6 each time. Since where you live you only have to cut the grass half of the year, you lend it 26 times. You just made $156 back on the purchase of your mower. At this rate you make your money back, off only one neighbor, in a little over 3 years. Lend it to more neighbors and you can make it back in one year!

Now imagine you are person Y, and your neighbor just bought a lawnmower. It cost you nothing up front, so you could use that money for a vacation with your family. Then each week you pay $6 and still get to mow your lawn. Plus you have the option of borrowing from your other neighbor as well if they get a nicer mower (that cool one with the drink holder!). Over the course of the year you pay $156, saving $323, and you didn’t have to store the thing in your garage.

Imagine that, there is actually room in your garage for your car!

At this point maybe you can buy the new mower yourself for $323, because the price of mowers just dropped considerably (turns out fewer mowers are being purchased, so they are slashing prices). Rent or buy, either way you come out ahead.

Everyone Wins, Except the Lawnmower Companies

In a normal neighborhood, 4 or 5 neighbors could share a lawnmower without any inconvenience. This would save tens of thousands of dollars just on mowers alone. That is money that could be invested, used for vacations, or used to pay off those credit card bills.

Do this with multiple items, not just your lawnmower, and the effect is truly incredible. With one website and a bit of coordination you save thousands of dollars, have more storage space, get to know your neighbors, and reduce trash.

An Unsustainable System

The present system where everyone buys everything is unsustainable, and frankly it is ridiculous. Billions of dollars every year are quite literally thrown away. Things are purchased, used once or twice, sit in a garage for 10 years filling up space and deteriorating, and then thrown away. Where is the value? Who gains from this system?

Companies do. Big companies that pay lots of money to bombard you every day with message after message about how buying their product will make you happy. But will it? In our hearts we all know that buying things will not make us happy, but at the same time we have been trained to do it. How many of you get upset and go out and buy stuff to make yourself feel better? I know I do. I guess the advertising companies are really doing their job well.

Here are iRent2u, we don’t want you to stop buying things. We are just creating a system where you can spend your money on things you really want, instead of wasting it buying 100 lawnmowers. Use your money for vacations with your family and friends, or just work less and spend more time at home. Use your money to buy that new shirt, or a new car, instead of buying an extra truck you use twice a year that sits in your driveway rusting.

Together We Have More

Here in America we are individualists. We love our freedom, and we have been graced with the liberty and opportunity to do as we please. This is a great thing, and has given us the opportunity to achieve incredible feats. Is it possible though that we have taken this liberty too far? We are the largest polluters in the world. We consume more than most other countries put together, and throw away things that have hardly been used.

Our wealth and abundance make it easy to waste, but we are the people who ultimately lose in this cycle. By working together in such little ways as sharing our lawnmower we start to change our world. With iRent2u.com it has never been easier to get more from what you already have. Start sharing today, and together we will build a better tomorrow.

iRent2u.com - Launching this September.

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