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The term Product Service System (PSS) was largely popularized by Treehugger about two and a half years ago. It describes the conversion of a product you must own into a service you can enjoy. You get what you want without having to own the actual good.

In fact, most everyday activity involves a Product Service System. You don’t own the roads you drive on, you don’t own the restaurant or parks you eat in, and you don’t own the health club that you work out in. When you take a vacation, luckily you don’t need your own airplane and you can conveniently get all the comforts of home, transplanted into a new, relaxing (maybe) environment. If you rent your home, apartment or car, you’re even more ensconced in Product Service Systems.

A Product Service System also very accurately describes what rental is. Generally, rental is defined as when you physically pay a fee to generally own an item for a set period of time. The only really difference is the fee (it’s simply lending and borrowing otherwise) and some Product Service Systems use shared, aggregated renting when appropriate. The two concepts are basicly identical - in many ways, the exact same thing.

New companies are emerging to fully embrace this trend. Zipcar is a leader in cars, BagBorrowOrSteal in handbags and designer goods, and there are many more emerging examples.

With going green reaching its noisiest levels and likely to lose its steam for the masses, however, I do envision the need for more solidified solutions. The pie in the sky is that every consumer will take initiative to embrace this lifestyle. It makes for a great story and we’re all for it too. However, most people will not take action unless it affects their day-to-day lives. This is where Product Service Systems can be one pragmatic solution to environmental problems.

As such, what’s MOST interesting to us is that Product Service Systems truly mimic day-to-day life. Personally, I quite honestly don’t care about stuff - I more poingantly care about experiences that allow enhancement and enjoyment of life. It’s this appeal I think will prove most successful in the long run and most successful businesses will cater to this want to increase enjoyment without the hassle of more stuff.

With tens of thousands of DVDs available and hundreds of games in just these two categories, iLetYou is only at the beginning as advocates of the Product Service System as a whole. Look out for more posts, info and developments.

Are you a company (or individual) that takes advantage of Product Service Systems (or rental as a segment of these systems)? Send us an e-mail at ideas@iletyou.com. I’d love to hear from you.

Thanks,

Rodger Visitacion
Founder & CEO


 


Right now, new users at iLetYou can rent 5 DVDs or Games for only $5. It’s a great way for new users to try iLetYou for $1 per rental!

Deposit $5 or more and get $5 in bonus credit immediately. Rent DVDs and Games for as little as $2 (as little as $1.60 with bundle discounts). Rent 5 DVDs or Games for only $5.

Discover and find what these top stores with great selections have to offer: Video Room California, Movie Fan, DVDAvenue.com, Film School for Cheap!

Invite your friends and give your site/blog visitors bonus cash by linking to your store (and receive a reduced revenue share rate for life). Drive traffic to your store on iLetYou with this great promotion - you still receive the same amount per rental.

Browse the iLetYou community for something to enjoy with friends and family today!


 


When you rent from a great iLetYou store, don’t forget to rate the store under Account : Reviews (when logged in). Both positive and negative ratings and feedback are essential to surface and help others find the best stores.

Video Room California, Movie Fan, and AZ_DVD_Rentals have all received positive feedback so far. Keep renting from these great stores!

When items are returned, you are also asked to rate users on the rental transaction. This information is not publicly available, but helps us make sure that all sides of the transaction are on the up and up.

Rake up the savings to rent from great stores:

Rent from iLetYou stores with no subscription required. Over ten thousand DVDs to pick from!


 

Free Rentals on iLetYou  Rodger June 19

A new promotion has been up for a couple of weeks for new users of iLetYou.

For stores, it’s a promotion on the house from iLetYou: stores receive the same amount from every rental as usual. Feel free to give these away by linking to your store or you can invite your friends and family directly.

You know you don’t need any money to find a good deal at iLetYou, but we thought we’d give new users an incentive to give iLetYou a try.

Invite your friends and give them a FREE rental today! Or, try a free rental yourself (only once when you first signup).

Take advantage while this free rental promotion lasts!


 


A couple of good bloggers have written new reviews about iLetYou:

A great thing about these reviews in particular is they also offer up suggestions about the service and “what I would like to see”. As with any startup, we have to prioritize religiously but it’s always nice to hear fresh perspectives. Great suggestions! If you see your idea come into action, you can claim credit (or at least say “I told you so”)!

If you want to chime in with your two cents, feel free to write your own review on your blog. You can contact us at pr -at- iletyou.com as well if you need any other information.

Thanks to both John and Rod for your reviews and ideas!