Abraham said:
Guster said:
Abraham said:
Not enough money in that idea. A pair of gloves for $5 a day? More than a day and its worth buying your own. A coat for what, $20 a day? Three days and its worth buying your own. Consider overhead and logistics of renting the items and getting them back and you would need a ton of scale to make even a little money.
I like how you say there is no money in her idea, but yet your idea about an iPhone app for ice is perfectly valid
You thought I was being serious about an iPhone app for ice?
You thought I was being serious about coat rental?
I have no idea if this is viable business, nor do you. The pricing and costs that you outlined are way off base (but then again, I wouldn't expect a guy from Texas to know how much a coat costs

), but if they were correct, then maybe the business would be viable. Assuming a coat costs $60 retail (

), then conservatively let's say you could get it wholesale for $30. If you rented for $20/day (

), then you'd have the purchase money back in 1-1/2 days of rental (obviously there's still overhead). Ask car rental companies how long it takes them to get to that point.
As for people not renting something they could buy for the same amount after a certain number of rentals...people rent beach chairs. They rent ski equipment including coats. Hell, in some parts of the world you can rent bikinis on the beach.
The point is not that this business would be profitable--maybe it would, but if I had done the months of market studies and numbers crunching to find out, then I'd be having someone implement it. The point is that I want someone to start this business
for me. I don't want to have to choose one coat, purchase it, and drag it all over the world. I'd rather have a choice of coats so I can go with my particular style that day and not deal with it otherwise. Do you know what a pain it is to deal with a coat getting to the airport and back in a tropical climate? Putting it in a suitcase takes up valuable carry-on space, so no thank you. I'd rather just freeze. In fact, I bet numerous stylish people freeze to death every year just for this reason. THIS IS A PUBLIC HEALTH ISSUE.
Seriously, I just want to rent a coat and would like someone to start this business. It's like when I worked in downtown Chicago and wanted someone to start Naps to Go, which would be a fleet of soundproof vans custom-fitted with comfy beds that would whisk you away from your office for a 30- or 45-minute nap. It didn't matter if it made them money; I just wanted it.