I have a new product that I will be bringing to market later this year. Plan to rent the item verses retailing it. Looking for a formula to use to set the rental price based off the value of the product. It is health related and has a retail value from 500 to 1000 dollars. Product would have at least a 5 year life span without failure. Can be upgraded easily. Planning on lease based on monthly charges with a minimum 6 month short lease. Of course product can be sold at the upper retail price. Product Dementia related. Thanks for your help or advise.
Forums » Selling » Topic
| Formula for rental | |
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 enipit |
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 reddawg |
I can only guess, but perhaps you may try to get involved with Medi-Cal or some other government agency where you could contract out and get paid by Federal funding….. |
 markreyland |
Normal rental prices are 10% of cost. Hope that helps Mark |
  rogerbrown
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Insider Points
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This is not related to the pricing Mark has that covered. I would also make sure you have a detailed rental agreement covering you from misuse, libility,etc. Especially if you are entering the medical areana. |
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