According to the Sitecore XM Cloud Documentation for Developers1, rendering parameters are a way to define custom properties for a component that can be changed by the content author in the XM Cloud Pages editor. Rendering parameters allow you to create flexible and reusable components that can adapt to different scenarios and layouts.To create a component with rendering parameters, you need to follow these steps2:

Create a data template that defines the rendering parameters for your component. For example, you can create a data template with a field called Layout that has three options: Left, Right, and Center.

Create a component that uses the data template as its rendering parameter template. For example, you can create a component called Image and Text that has an image, a title, and a call to action button.

In the component’s code, use the rendering parameter value to control the layout of the component. For example, you can use conditional logic or CSS classes to change the position of the image based on the Layout value.

Register the component in the Components builder and add it to the Components library.

In the XM Cloud Pages editor, drag and drop the component to the page and use the Properties panel to change the rendering parameter value. For example, you can select Left, Right, or Center from the Layout drop-down menu.

2:Create a component with rendering parameters | Sitecore Documentation1:XM Cloud Documentation for Developers - Sitecore