Pricing tips for success

Setting the right price for your items on Yoodlize is the key to generating more rentals and maximizing your earnings. Here’s a quick guide to help you price your items just right and to attract more renters:

1. Research Similar Items on Yoodlize
   Start by looking at how similar items are priced. If you’re listing an Oculus VR headset, for example, see what other users charge—typically $10–$20 per day. This gives you a reliable benchmark.

   
   

2. Would You Rent at This Price?
   When setting your price, consider whether you’d be willing to rent the item at that rate. If it feels like a bargain, you’re likely in the right range. But if the price is high enough that you’d rather buy than rent, you may want to lower it.

   This is especially important for items often rented for multiple days. For example, $20 per day for a bike hitch might seem fair at first. However, if someone needs it for several days, the cost could quickly add up to $50–$100, making potential renters feel they’d be better off purchasing their own. Keeping the multi-day cost in mind will help attract more renters.

   
   

3. Stay Competitive with Rental Shops
   Unlike traditional rental stores, you don’t have overhead costs like rent or payroll. Your price should reflect this advantage. If rental stores offer similar items at lower prices, renters are likely to go with them, so make sure your rates are competitive.

   
   

4. Lower Prices Can Mean Higher Earnings
   While it may seem counterintuitive, setting a lower price can boost your overall earnings by attracting more renters. For instance, if you price your paddle board at $15 instead of $30, you’ll likely get more rentals, and in the end, you could earn more than double!

By keeping your prices competitive, attractive, and in line with other listings, you’ll increase your rental frequency and make the most of your listings on Yoodlize! If you’re looking for pricing guidance, reach out to support@yoodlize.com.