There is no doubt that the generation known as the millennials have surpassed the baby boomers in becoming the largest generation in U.S. history. Millennials are a driving force in the consumer market, with close to 79 million or roughly 25 percent of the U.S. population making up this age[Read More…]
NBSRA Board
How is Your Company Being Represented?
We as a nation live in a day and age where online transactions are the norm—face to face interactions have become few and far between. People have become dependent on their smart phones and tablets for purchasing, selling, and all other social interaction. It appears that most people have forgotten[Read More…]
Economic Development
Shed builders across America have all experienced the same thing over the last decade. There have been increased labor costs, increased competition, permitting issues, the economy’s ebb and flow, and for many small manufacturers, the pains of growing your business. Not all shed manufacturers have survived. You are likely[Read More…]
Myths & Misconceptions
Rent to Own (RTO) is probably one of the most misunderstood aspects of what we do in this industry, but we would like to show you why it is good for business. From being confused with financing, to wondering why it costs any more than simply paying cash, to having[Read More…]
Rent Generation Here to Stay
The tendency of millennials to rent instead of buy is turning the retail industry upside down. And the shed industry is no exception. The rent tendency brought on by the millennials has impacted older generation buyers as well. The large acceptance of the rent culture has made the rent-to-own option[Read More…]
Is Your Company Data Secured?
Very likely you are thinking, “Please don’t throw me more stuff to keep after, I already have more than I can efficiently handle, and by the way I’m a barn manufacturing company and you’re asking me about data security?” Yes, we hear what you are saying, but hear us out.[Read More…]
Checklist
In previous issues of this magazine we have covered benefits of offering RTO to your customers, how to best market RTO, and consumer protection laws. Now let’s consider some factors that go into choosing an RTO provider for your business. Over the last 20 years, RTO for the shed industry[Read More…]
Buying Power
I remember reading several years ago that over 70 percent of Americans have less than $700 available cash. Consider the implications for you if this figure is even remotely accurate. What is the price of your average shed? $2,500 to $3,000? That is way over $700. If we are expecting[Read More…]
Consumer Protection for the Rent-to-Own Shed Consumer
Barn and shed companies that offer rent-to-own on sheds, gazebos, and other backyard products are commonplace in many communities. Most of these businesses offer low monthly payments and the option to purchase the product at the end of the contract or after some other specified time. Other incentives may include[Read More…]
Customer Returns
A question we are frequently asked is when sheds can be returned under the Consumer Protection Act (CPA). There are a number of sections in the Consumer Protection Act that allow consumers to return a shed to the suppliers, but what is important to note is that there is no[Read More…]
