How do you define a day's rental in your business?
In BRM, there are two options for you - Full day or 24 hour mode.
24 hour mode
Some people have a policy that you can rent a bike from this time today until this time tomorrow, for a fixed price.
14:00 Wednesday -> 14:00 Thursday = 1 day price (which is really your 24hr price*)
*of course you're really saying you'll give them up to 24hrs for the same price, for many reasons they may want to return early, for example, 14:00 Wednesday -> 11:00 Thursday = 1 day price (or your 24hr price)
Full day mode
Other people treat each day independently.
14:00 Wednesday -> 14:00 Thursday = 2 day price - Weds & Thurs (this counts as 2 full days of hire)
Where do I find this setting?
Choose the mode that best fits your business by going to Inventory --> Price Groups and selecting from the Billable day dropdown.
What about durations less than 1 day?
Let's say you want to have one price for up to 8 hours and then another price for 24hrs. No problem. This is taken care of in the pricing of your fleet. You define your pricing profile for each price group. A price group is simply a way of pricing up your assets, and you can assign as many assets as you like to a price group.
For example, let's say I want price UP TO 8 hours, and then another price from 8-24 hrs. You simply add a price for 8hours, that is less than the 1 day price:
In the above example 8 hours is the shortest duration BRM will recognize.
However what if you want even shorter rental duration? Just and another price point:
In this example, we are saying that we let people rent:
- up to 4 hours for $14
- up to 8 hours for $20
- up to 24 hours for $25
- up to 48 hours for $40