Sell the story. Not the book. Then sell it again.

You need a website optimized for online bookings to start renting books or managing a library online: Rental software like Twice makes this easy for you. First, add the books as products into your online library into Twice and determine the quantities in Twice's inventory management system. That way, your availabilities are always up to date, and you don't get double-booked. Next, set up your payment options so your customers can book and pay for their books in advance. Once everything is set up, you can embed Twice to your existing website or use Twice as a standalone website.

Essentially, book rental companies and online libraries loan books online to their customers for different durations. Every company has its own book loaning process, pricing model, and way to make the service available to the customers. Additional services have a significant impact on how the operation shapes out. Twice supports all the most common requirements of the book rental and library industry.

Starting a book rental business or a library requires a lot of planning, preparation, and setting up processes. First, you need to make a business plan. Your business plan includes a description of your business, market and competitor analysis, financial plan, and marketing plan. It is also essential to consider how you will organize your rental operations, such as customer management, order processing, inventory tracking, and returns.

Generally, book rentals and libraries can be very profitable and enjoy high profit margins. Still, just like with any company, profitability comes down to your business's income and expenditure structure. Incomes are primarily determined by whether there is a demand for book rental services or libraries in your area. The books, business space, insurance, and staff salaries are typically the most significant expenses.

It is strongly recommended that you start using cloud-based book rental or library software from the early days of your business. Rental management software, such as Twice, allows you to manage inventory, process orders, and run your library in one system instead of spreading all the information across several apps and spreadsheets. This gives you a better overview of your business and complete control of the rental operation.