One of the most asked questions by novice renters on Weshare is, “How much should I ask for per day?” People don’t make reservations. It’s a pity that it is set low.
Let’s take a look at some simple formulas used by three-star and above renters, with real-life examples.
Basic Recipe
Rent per day = 1.5% – 2% of the new purchase price
Here’s a safe and sensible place to start:
- 1.5% for durable, well-worn items (cookware, furniture, luggage)
- 1.7% for medium items (projectors, BBQ grills, vacuum cleaners)
- 2% for items that fall quickly and are in high demand (cameras, drones, lenses)
Example
| Products | New purchase price | Formula | Rental price/day |
|---|---|---|---|
| Sony A7 IV | ฿70,000 / sqm | 2% | NZ฿100 |
| DJI Mini 4 Pro | ฿28,000 / sqm | 2% | ฿560 (≈ ฿500-600) |
| Epson Projectors | ฿25,000 / sqm | 1.7% | ฿425 (≈ ฿400) |
| Weber BBQ Grill | ฿12,000 | 1.7% | NZ฿10 |
| 28″ luggage | ฿7,000 | 1.5% | ฿105 (≈ ฿100-150) |
| Strollers | ฿15,000 | 1.7% | NZ฿10 |
Adjust based on these factors.
1. Condition of the product
- New or Near New: Use full formula (2%)
- Used and still good: 10-20% off (1.5-1.7% used)
- Old but functional: 30-40% off or set a fixed price of ~50% on new items
2. Market Demand
Try searching on Weshare in the same category, you can see the average price of your competitors. Set prices in the same range if yours are equivalent.
- Items with a lot of competitors (e.g. regular projectors): Set it near average, or slightly below average if you’re a new renter.
- Rare items (i.e. dedicated pro lenses): It can be set higher than the average because there are few competitors.
3. Lease Period
Discounts on long rentals attract tenants a lot:
- 1-2 days: Full Price
- 3-6 Days: 10-15% off (because you don’t have to make multiple pick-up and return appointments)
- 1 week or more: 20-30% OFF
In Weshare, daily, weekly, monthly pricing can be set separately.
4. Seasons and periods
- Garden Tools, BBQ, Folding beds — price increases over long weekends, Songkran, New Year
- Home décor, party supplies — prices increase from December to early 1 month
- Cameras — Prices are fixed throughout the year, but there is a peak during wedding season (Nov-Feb).
It can increase by 15-25% during the peak period.
Full Trailer: DJI Mini 3 Pro Used
- New Price: ฿28,000 / sqm
- Used Price: ฿18,000 (Good Condition)
- 2% formula (use new price): ฿10/day
- -10% Conditioning: ฿500/Day
- 5-Day Rental Discount: ฿450/day × 5 = ฿2,250
Renters get a 5-day drone at a low price, you earn ฿2,250 From things that are normally stored in boxes.
Additional recommendations
- Set a deposit for expensive items — cameras, drones, kitchen utensils, valuables, set a deposit of 10-30% of the price.
- Add accessories to the package — lenses that come with Filter + Hood + lens wipes can be priced 10-15% higher than empty lenses.
- Seasonal Price Updates — In the Rainy Season, Mature Carpet Wet Waterproof Vacuum Cleaners Can Increase Price
- Start below the market to keep points — the first 5 reviews are worth a lot, 20% off the first 5 items to build credit.
- Use Priority Booking for key moments — tenants are more serious Reduce the risk of cancellation
Conclusion
The 1.5-2% formula is a good place to start, and then gradually adjust to the market and the response. If you’re booked every weekend — try raising your price. If no one is interested in 2 weeks — try discounting or taking better photos.
It’s free, no platform fees, you keep all the earnings.
Featured image: Photo by Bia Limova on Pexels