I launched my weekend project 7 months ago on HN – here's CameraLends today
cameralends.com
cameralends.com
1) No insurance. I've talked to derwiki about this via email and he gave a personal guarantee that anything broken or stolen would be replaced. That was well-meant but not really the kind of guarantee I need to let random people rent my $3k equipment.
2) At least 2 days notice before someone makes a request. I've had 3 inquiries in the last 7 months to rent either my camera or my lenses. All 3 have been same-day, "can I pick that up in an hour" kinds of things. That model works for cars but not for cameras. Cars are easy. They sit in a parking spot and you can hook up remote triggers for them. Easy to rent out on demand. Cameras are pricy delicate devices requiring safe storage and well-padded bags. If someone wants to rent mine, I have to be available to hand it to them and to get it back when they're done. This requires scheduling.
If/when derwiki fixes the insurance and scheduling problems, I'll feel comfortable using his site. It's a great idea and just needs some polish.
As bobbles suggested, a lot of the rentals that happen are last minute/late notice -- reservations that the bigger rental shops can't do unless they're local (and maybe even then can't do). But you're also right; I should make the messaging clearer on expectations for short notice, and additionally wire up SMS notifications to lenders (like AirBnB does).
Thanks for sticking with me through the early days!
SMS notifications would be super helpful.
There should be a calendar system. I should be able to mark availability for my equipment. Rentals should automatically block out time.
Why can't we set the prices?
Also, my stuff is not available for shipping. I have to go back and look but last time I did not see a way to disable that.
I'd suggest that the lender should decide if he wants insurance or not, and it should be added as a line item on the renters bill. The lender will understand that by adding this cost he is less competitive, so you'll find that only the market for really expensive equipment supports insurance.
It is totally worth your time to implement this because the insurer (or panel of insurers) you work with will offer you a referral fee. I'd enter talks with them directly. You may find a local insurance company (not reseller) easier to work with, as a major one probably won't want to talk to you. They might want a procedure where the equipment is photographed by the lender each time before it is handed to the borrower.
Insurance also may be a big issue for your users to list. If I were you I'd want my listers to know feel like there was zero downside and almost like they are wasting money by not listing their gear.
I don't know if you show products, or have product pages, other than what is "listed" by lenders. If not, you don't really know what people would gravitate towards. I would want to create a detailed product page for every piece of gear I could think of. You will know what was needed based on traffic stats. You could create a "wait list" or something more desirable sounding.
What about social integration? If you had product which was unavailable, do you allow people to do something like tweet - "anyone have a Canon EF 135mm f/2L lens I can rent? {url} @cameralends" This might trigger some offsite renting/borrowing but you will still benefit from the exposure.
As far as growing traffic, my opinion is if the SERP/SEM/etc methods aren't working. You're going to have to grind it out and start promoting your brand offline. Hosting events seems like a good way to get your brand out there. Sponsoring photography shoots may work well. Hire a model/makeup/etc, rent/find a cool venue, promote it through a local photo group eg. meetup/etc). This could probably cost as low as a few hundred bucks per event. You might even charge for the event (maybe free if they rent something from the site). As you could imagine, this can go many directions...
Best of luck.
I have some experience building a market, although not with consumer goods. Reading about AirBnB's initial work, and also from talking to investors at Rover, getting one side or other of the market together is always where the work is.
For AirBnB, apparently, it was listings. For you, that might be the case as well. Seems like the next step might be to hustle, hustle, hustle and figure out how to get a lot more equipment listed. I know for sure I'd rent a Mamiya 7 or a Leaf or a Leica M-Monochrom in an instant if it were out there.
If you had a rental property up on CL, you got an email asking you to list it. They would often times relist that property on CL with a link back to AirBnB. They had a better product than CL for rental properties, so it worked like a charm.
Could you expand on this? I haven't heard about it.
http://www.lensrentals.com/rent/leica/cameras/leica-m-monoch...
They don't do Mamiya, but they do rent the medium format Pentax 645D.
They're a very good company to deal with.
Interesting that you'd like to rent more arcane gear; almost everything that has rented has just been "nice camera" or "nice lens".
As for getting more traffic, have you tried going where the photographers are, places like dpreview/500px/I don't know where else?
If you wanted to put all of your energy into this, you might consider buying some camera gear to rent out to seed the site with renters. That's a large commitment, though.
I haven't reached out to many photographer communities, as I didn't feel the site was end-to-end enough to bother them. I think it's to a good state though, and will start pursuing this.
I actually bought a 5D Mark II after launching the site that I've rented out more than a few times :) Luckily enough, I'm also a photographer. It's been a pretty good incentive to also be able to earn money as a user of the site.
Also, I don't know if it's a result of the traffic from this post, but your site is pretty slow right now.
Then create landing pages specifically for that searchhttps://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&c...
- Just add a short apology "Sorry, we could not find what you looked for. But we have some awesome lenses in Paris, waiting for you to try them!" :)
- I clicked on your blog-link, and got this: "You attempted to reach blog.cameralends.com, but instead you actually reached a server identifying itself as *.herokuapp.com", with a big red exclamation mark.
Point is well taken -- I'll add a note to work on the experience for non-SF visitors.
I think you have 2 markets here:
1. People who are interested in getting a nice camera and want to test out a specific camera or 2 to decide which to get. "Any" doesn't help much here, but if they have a handful they'd be interested in it might be somewhat useful in the early stages where you don't have much inventory.
2. People who aren't interested in buying a nice camera, but would like to use one for a day. These people specifically, likely don't know which one to search for, and they don't care which one they get. All of them are better than their point-and-shoot or phone. Adding an "Any" really helps these people. Click my city and show me what is available.
Edit: I just remembered that you can also manually edit the search results query string to remove parameters you don't want. For example, /gear?brand=canon shows all Canon gear, in any location.
Also, I think the risk is something that needs to be prominently addressed on the home page. It's been mentioned several times in this thread, and it was the first thing I thought of. As the person getting it out I want to know I'm not liable if I accidentally scratch the lens, and as the person giving it I want to know it is covered if I get it back broken, or don't get it back at all.
According to your ToS you already 'guarantee' up to 5k, "Maximum Recovery Value within CameraLends is not to exceed $5,000" granted your borrowers are 'verified'.
When you are dealing with expensive equipment, this kind of thing is a must.
especially glass - it's high-precision stuff, and even though it may look fine, it could've been very lightly scuffed or bumped around and will never be the same. That's a really hard thing to solve.
Let's say I lend someone my Canon 100-400mm, it comes back looking mostly okay but with a relatively small scratch on the front lens element that I'm sure wasn't there previously. Still works mostly fine, but now when I shoot with the sun in the frame, I get lens flare that didn't previously exhibit.
How do I prove the renter subtly damaged the lens, if it comes down to my word against theirs?
I would need a lot of iron clad assurances that I'm covered in return for renting out my various $1k+ lenses for a few tens of dollars.
Though ultimately, I don't currently live in a covered city (I'm in San Diego) so this is theoretical in my case.
Would insurance make you feel better? Also, I just added San Diego to the list of available cities. Feel free to email me at adam@cameralends.com if you have any more questions or ideas.
You should prominently highlight a protection policy.
I keep slavering over reviews of the Olympus 75 mm f/1.8 and wondering where i can get 650 quid from in a hurry. And then trying to distract myself by trying to decide which of the four decent wide-angle primes i should get. It's not that i want you to take all my money. But basically, take all my money.
All of that said, it sounds like your biggest hinderances are insurance and selection. I think if you solve the insurance problem, the other one will follow. Keep up the kicking ass, and hopefully I can be your customer soon!
I've rented many cameras both locally and via BorrowLenses and RentGlass, and had a lot of great experiences. But I know there are hundreds of other photographers within a few miles of me that have the same lenses and would love to rent them out when they're not using them.
Unless you're a full-time pro, there's no way to justify more than one or two workhorse lenses like a 70-200 2.8, but there are many times when such a lens would come in handy.
P.S. I'm getting an SSL certificate error when I click the link to your blog page.
I added a ticket to check out the SSL error, thanks for the heads up. For some reason I don't see it in Chrome, but I do see it in Safari.
Now that you p2p rent expensive equipment, can you share your worst stories as well as crucial experience in terms of rental issues one can run into while operating this sort of startup?
1) What if I rent out my lens and the renter breaks it?
2) What if I rent a lens and I break it?
3) What if I rent a lens and return it safely, but the seller fraudulently claims that I broke it?
These are questions that eBay has answered to a pretty good extent, given the limitations of person-to-person commerce. It's essential for a high-value marketplace like this.
A couple of quick thoughts:
- Add a sign-up form for being notified when new cities come online.
- I did a sample search https://www.cameralends.com/gear?utf8=%E2%9C%93&brand=nikon&... and just got a blank page. No other details on what went wrong.
- A rented "Kit" category option would be helpful. I don't really want to deal with two separate people/pick-ups/etc on the transaction and would rather get a body and lens from one person.
http://davegooden.com/2011/05/how-airbnb-became-a-billion-do...
and
http://andrewchen.co/2012/04/27/how-to-be-a-growth-hacker-an...
1. I would love to post my gear there (I have a bunch of high-end Canon L lenses), but there's no faq or anything about how I'm protected in case my equipment gets dropped by the person I rent to. What happens, for example, if my equipment gets stolen?
2. How do I get paid? Is it a bank deposit? Cash? Bitcoins?
If you want more listings, you should make the process of lending easy and safe.
1) You can redeem up to $5000 for your equipment. Basically their credit card will be on file and if something happens you can claim it.
I couldn't find anything on the payout sides of things.
Also how are you checking that the lendee's CC can cover the amount of the current equipment value?
You're right; reducing risk and making everything seem worry-free is going to be key. Thanks for the feedback.
One issue - site doesn't appear to be rendering properly on an iPad (using Chrome as browser):
I suggest eschewing the whole responsive thing when it comes to tablets -- just get the desktop version rendering on a tablet and it'll look great.
Keep it up and keep us posted.
Edit: Can you add Boston too :D
Was thinking of renting some gear to try it out before buying. (Might be a cool ad strategy you could eventually work with brands, kind of a try-before-buy approach.)
Manufacturer partnerships would be the key to blowing this up. The straight peer-to-peer might work, but most pros with decent gear are going to take some serious convincing to loan their gear out. Things like lens alignment for example, are pretty hard to detect, so it isn't as easy as AirBnB to determine "damage." I also suspect the insurance requirements might be pretty difficult.
Good luck! Great idea.