RTO Education Resources

RTO Education Resources - APRO Rental Training Online Course Descriptions

 

APRO’s Rental Training Online Virtual University was designed to provide basic,
specialized training for store-level RTO employees.

Each course takes an average of two to three hours to complete. Below is a summary of each course.

 

Introduction to Rent-to-Own

This course will introduce students to the rent-to-own industry and the rent-to-own transaction. It provides a brief history of the industry and explains how RTO transactions operate in the marketplace, who uses RTO and what distinguishes rent-to-own transactions from retail transactions. Students will also receive an overview of the rules and regulations that govern rent-to-own transactions, knowledge about what products are typically carried in rental stores and information on the different careers found within the industry.

Upon completion of this course, students will understand:


  • The rent-to-own industry and the rent-to-own transaction
  • A brief history of the rent-to-own industry
  • How rent-to-own transactions operate in the marketplace
  • Who uses rent-to-own transactions
  • What distinguishes rent-to-own transactions from retail transactions
  • The rules and regulations that govern rent-to-own transactions in general
  • How rent-to-own products are priced
  • What products are carried in rental stores
  • The qualities of successful rental employees

 Course lessons include:


  • Lesson 1: Introduction, history of rent-to-own and customer intent
  • Lesson 2: The rent-to-own application and agreement
  • Lesson 3: Delivery, installation and management of the rent-to-own account
  • Lesson 4: Communicating with customers; rent-to-own service and termination of the agreement
  • Lesson 5: Collections in rent-to-own
  • Lesson 6: Rent-to-own pricing and regulations
  • Lesson 7: Rent-to-own products, customers and employees

 

Customer Satisfaction in Rent-to-Own

This course will teach what it takes to satisfy the needs of today’s rent-to-own customer. All successful rent-to-own companies, through their employees, work hard each day to satisfy the needs of their customers. This course shows how the RTO customer service professional is called on every day to match products, services, programs and policies with the needs of the customer. Its primary focus is on the “sales” part of the rental- purchase transaction; however, the student is shown how to apply the course concepts to the delivery and collection stages as well.

Upon completion of this course, students will understand:


  • What creates customer satisfaction and why it is important to search for win-win situations when meeting customer needs
  • Who “typical” rent-to-own customers are and how to build valuable relationships with them
  • How companies build value for the customer and what role a company’s reputation plays in its success
  • What role customer satisfaction representatives play in making a winning environment possible for the customer, the company and themselves
  • Different ideas and ways to create ultimate customer satisfaction

 Course lessons include:


  • Lesson 1: Customer satisfaction
  • Lesson 2: The rent-to-own customer
  • Lesson 3: The rent-to-own company
  • Lesson 4: The customer satisfaction representative
  • Lesson 5: The satisfaction process


Rental Delivery and Safety

Let those units out,” is a very familiar call heard in most rent-to-own stores. A key component of that call is getting the merchandise to the customer’s home and set-up safely and in a professional manner so the customer is completely satisfied. This is not the “delivery guy’s” job, but the duty of all employees in the rent-to-own store. This course is designed not just for the store employee who makes deliveries, but for any employee tasked with providing ultimate customer satisfaction.

This course is designed to help employees:


  • Recognize the role that proper delivery, set-up and demonstration plays in customer satisfaction and the continuation of the rental relationship
  • Identify the key components of a proper pre-delivery audit
  • Identify proper techniques and concepts critical to delivering product to the customer
  • Recognize safety’s importance throughout the delivery process
  • Identify important concepts in providing technical service of the products offered through the rental-purchase transaction

 Course lessons include:


  • Lesson 1: Customer satisfaction and the delivery
  • Lesson 2: The pre-delivery phase
  • Lesson 3: Delivery or drop-off?
  • Lesson 4: Safety and the rental agreement
  • Lesson 5: Service after the sale

 

Communication in the Rent-to-Own Workplace

What are you communicating right now? Even if you aren’t speaking or writing words—you are communicating through your current and past actions, your expressions, your body language and the way you dress. Wouldn’t you like to improve your message? This course is designed to provide rent-to-own store-level employees with communication skills that will allow them to effectively interact with customers and co-workers. The development of these skills will allow individuals to grow as employees and have a greater impact on their stores’ growth and profit.

Students will learn:


  • The difference between verbalizing and communicating
  • The role listening plays in becoming an effective communicator
  • How credibility as a communicator translates into the “trust factor” critical for an RTO employee
  • How to listen for feeling as well as fact; the message of body language and voice inflection
  • How to increase rentals by more effective rapport with customers
  • Communication and its impact on your future in RTO

 The lessons in this course include:


  • Lesson 1: The essence of communication
  • Lesson 2: The power of listening
  • Lesson 3: Communication and closing the transaction
  • Lesson 4: Establishing credibility as a communicator
  • Lesson 5: Non-verbal communications
  • Lesson 6: Communications in the workplace
  • Lesson 7: Communications and customer complaints

 

Account Management in Rent-to-Own

Every rent-to-own store employs a varying number of men and women who are referred to as account managers or account reps. They are every company’s front line link to customers and product, charged with the sometimes tough job of maintaining customer accounts. Since customers do not obtain any ownership rights until they have made the specified number of renewal payments, account management is critical to the success of every rent-to-own store. Although every store employee must communicate with customers for various reasons, the ongoing daily maintenance of most customer accounts falls on the shoulders of the account manager.

This course will challenge participants to:


  • Understand the critical nature of customer relations in a rent-to-own store
  • Relate that understanding to overall daily store operation
  • Develop the skill set required to maintain customer accounts

 Account management is a broad term that can include:


  • The explanation of the rent-to-own program of service
  • Delivery and set-up of the rented product in the customer’s residence
  • Repairing the rented product or switching it out with a replacement unit
  • Maintaining direct contact with every customer who fails to make the required renewal payment to keep their agreement active

 Course lessons include:


  • Lesson 1: Managing a customer’s perceptions of the store, the company and the program
  • Lesson 2: Delivery and set-up of the product
  • Lesson 3: Renewal of the rental agreement
  • Lesson 4: Service and maintenance of the product
  • Lesson 5: What happens when the customer fails to renew the agreement on time
  • Lesson 6: Repairing customer relationships when they go wrong
  • Lesson 7: The importance of consistent excellence in account management

 If you need more information or have questions about APRO's Rental Training Online program, contact Shelley Martinek, APRO's education director, by e-mail or by calling 800/204-2776, ext. 109.





APRO's 2011 Dave Egan Legislative Conference
May 2-4, Washington, DC
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RTOHQ: The Magazine
RTOHQ: The Magazine is the Association of Progressive Rental Organizations' award-winning rent-to-own industry magazine, and it's available here.
Click the links below to download each article as a PDF

Complete issue of RTOHQ: The Magazine | July-August 2010
Download the entire July - August 2010 issue of RTOHQ: The Magazine by clicking on the link above (PDF).

 

David Lane, APRO's 2010 Employee of the Year 

by Murlin Evans

David Lane, an Indiana-based Premier Rental-Purchase employee, is known for many selfless deeds that help his community and inspire his company.


Louise Brown, APRO's 2010 Customer of the Year

by Murlin Evans

Louise Brown has been a BestWay Rent-To-Own customer in Virginia for 20 years—and her passion for helping those in need runs deep. "I've always believed that if you take care of others, they'll take care of you."


We Are Family: Profiles of the APRO Staff

by Kristen Card

With a combined 153 years of service to the rent-to-own industry, the APRO staff makes hard work seem easy. Meet the modestly sized group of professionals—plus a real "fat cat"—who work on your behalf.


Behavioral Economics, Libertarian Paternalism and Rent-to-Own

by Ed Winn III

There is a growing movement to "nudge" consumers' behavior. Consider it a subtle attack on the flank of individual freedom that, if allowed to develop unchecked, could set its sights on rent-to-own. It if does, the results for rental dealers will not be pretty.


Hats Off to Louisville!

A recap of the highlights at APRO's 2010 Rent-to-Own Convention and Trade Show, held July 19–22 in Louisville, Kentucky. In addition to learning, purchasing and socializing, rental dealers and vendors gathered to celebrate the association's 30th anniversary.

 

Cover illustration by Dave Cutler 

 

See the current issue of RTOHQ: The Magazine...

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Visit the RTOHQ: The Magazine Archives...

 

Association of Progressive Rental Organizations
1504 Robin Hood Trail
Austin, Texas 78703
800/204-2776, ext. 103
Fax 512/794-0097