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RTO World 2025 Recorded Live from Omaha!
Manage episode 502356885 series 3390181
Step into the heart of the rent-to-own industry as we broadcast live from RTO World 2025, surrounded by the energy and innovation of the biggest gathering in the sector. This episode brings together key industry leaders to discuss the transformative forces reshaping how rent-to-own businesses operate, advocate, and market themselves.
Michael Wall, Senior Director of Corporate Affairs at Aaron's, shares how their recent acquisition by IQ Ventures has freed the company to focus on long-term growth rather than quarterly earnings. He explains how Aaron's modernized store design creates a more dignified shopping experience while highlighting the critical importance of industry advocacy at both federal and state levels.
The conversation takes a serious turn as Jeff Smith, President of the New York Rental Dealers Association, details the legislative battle unfolding in Albany. Proposed legislation threatens to fundamentally mischaracterize the RTO transaction by imposing APR caps on lease agreements. This fight exemplifies why industry advocacy matters – RTO provides essential access to household necessities for consumers with limited options, and misguided regulation could eliminate this vital service.
Marketing expert Andrew Hajduk delivers perhaps the most surprising insights, revealing how consumer "digital fatigue" is driving successful RTO operators back to community-based marketing strategies. While everyone rushes toward AI and digital solutions, hyperlocal approaches like door hangers, community involvement, and chamber of commerce participation are showing remarkable results. His observation that print marketing has a "slower decay rate" than digital ads challenges conventional wisdom about where marketing dollars should flow.
The thread connecting these diverse topics is adaptation – how an industry with deep roots is evolving to meet changing consumer needs while fighting misconceptions about its services. From corporate restructuring to legislative battles and marketing innovation, this episode captures how rent-to-own is positioning itself for future growth while staying true to its mission of providing flexible options for consumers.
APRO
Association of Progressive Rental Organizations
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Chapters
1. Welcome to RTO World 2025 (00:00:00)
2. Aaron's Transformation with Michael Wall (00:07:11)
3. Corporate Advocacy and APRO Involvement (00:14:24)
4. New York Legislation and NYRDA Revival (00:21:52)
5. Marketing Beyond Digital Fatigue (00:36:14)
6. Building Brand Identity in Local Communities (00:48:38)
7. Closing Thoughts and Industry Support (00:56:33)
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