What are the current problems with this today?
I should know what i want is available for rent.
I need to know that the condition of the good is acceptable to me for renting
It needs to be closer to my preferred location/home/ office for pick up and returns.
I need to know if it was used and for how long -depends on the item i want to lend, may not necessarily apply to books.
Metrics to measure success: No of people using the feature ./ No of people interested in Lending groups
There are different types of people who could benefit from this -
1. students 2. moms with young kids 3. bachelors moving into a new place 4. people with specific interests ( like I'm a photographer and I want to try a different camera before i buy)
Whats the goal? Lets assume the goal is to increase customer enagegement on the platform.
For the purpose of this exercise, I 'm going to focus on the "moms with young kids ' use case.
Children as they grow through each phase will need differnt things anf outgrow them quickly.
So "Moms with young kids age 9 months - 4 years' . will have a need to buy (a) story books (b) toys (c) birthday decorations etc.
For this , I'm going to build a feature that allows moms to
1) list the goods that they dont need anymore. 2) List a small description and condition of the good. 3) Lending rate ( a factor of number of days and price/day) (so other moms can decide if this makes sense to them - buy vs lend decision) 4) location for pick up 5)ability to reserve online and pay in person
1. Create a lending libary platform that captures the picture, condition, location and item type(books/toys/birthday decor), house with pets (yes/no), price for rent, no. of days available for . Allow users to search for items they would like to rent by location and also allow them to subscribe to the lending library if item is unavailable and be notified when it is.
Provide them with the ability to pay online using credit card OR reserve online and pay in person.
2.Use ML to determine user location and user group activity to recommend lending groups to follow. (this is probably already being done in FB, but would be an extension of the same idea.