Rent Vs Buy Psychology ⚡

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Rent: Uncertainty till when they would stay at a specific place

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Rent: Bachelors staying together take collective decisions to rent furniture

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Rent: Heavy investment is required to buy the product

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Rent: A market gap exists for renting expensive gadgets like MacBooks and VRs

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Rent: Bachelor’s staying together-To Avoid the hassle of managing or selling furniture

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Rent: Preference for renting luxury furniture and high value electronics with low frequency

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Rent/Buy: Customers already have a rough idea of what they want and for how long to start with

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Rent: Newly married couples moving into a new place-Avoid Heavy investment

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Buy: After settling down—post-marriage or in a specific place for good amount of time

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Acquisition 🪑

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Good Brand Recall

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Users love Combos & Bundles

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No referral program or platform currency

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Social Media search for Furlenco- Negative reviews on Support

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Items going out of Stock-People go to other platforms

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Onboarding 🛌

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Refurbished products-Good quality & affordable pricing

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No option to select product brand, model, Star rating-Appliances

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Premium quality, variety of products & aesthetically appealing designs.

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Need recognition to rent process happens in less than a week

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Lack of stores in many cities and real product photos is a drawback-customers want to see or feel items.

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Video Call Option-showcase Furniture

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KYC after payment frustrates users (No WoM for this)

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Users don’t remember the frustration several months later

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Customer comes to rent specific furniture, not fill a room

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Smooth UI but requires a lot of scrolling

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Web users-To do KYC post order need to download app

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Most often rented products: Bed, sofa

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Prefer furniture to be presented with room/background context

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Engagement & Retention 📺

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Cancelling subscription is a hassle-No POC to help

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Users like the insurance- Removes worries about damage.

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No intercity or intra-city transfer option

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No cross-sell and upsell done to the user

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Monetisation 💸