How parking app development can make your business successful?

July 9, 2021

By Saaradha Thilagam S

The world of new business ideas is getting expanded day-by-day with innovations to make people’s lives more comfortable. One such business idea is the car parking app.

Days have come where people want to book their goods and services through an app on their smartphones, anywhere and anytime.

To make it possible, let’s start discussing the car parking app development process and how far it’ll help you run your business seamlessly and successfully.

Let’s get diggin’!

How does the car parking rental app work?

The car parking rental app connects the parking space owners and the end-users.

The space owners list their parking spots on the app. The users look for a rentable parking spot to book it.

  1. The users search for the spot by entering the location and the time.
  2. The app lists down the rentable parking spots in the specified location.
  3. The user applies filters to narrow down the search results.
  4. The user chooses the parking spot which is safe and best. They send the booking request to the spot owner and pay for it.
  5. The space owner gets notified of the booking request and accepts it.
  6. The booking gets confirmed.
  7. The user uses the parking spot on the booked hour.
  8. After the user checks out, the space owner gets their earnings from the admin.

5 Steps to follow to build a successful car parking rental app business:

These are the 5 steps to follow while starting your own car parking rental app. Let’s list and check them out!

  1. Figuring out the business model and the revenue model of the car parking app business.
  2. Narrowing down the features of apps and the admin panel.
  3. Choosing the on-trend and appropriate tech stack for the car parking app.
  4. Making sure you choose the right developer’s team for your app.
  5. Knowing what it costs to develop a cap parking app.

What could be the business and revenue model of your car parking app?

When it comes to choosing the business model, make sure that your platform is adaptable and flexible to the changing circumstances of your car parking rental business.

The right kind of business model for any online marketplace is the aggregator business model. Aggregator business works by connecting people who need particular goods or services and the people who can provide those goods or services.

To complement the aggregator business model, most business owners prefer a commission-based revenue model.

The admin of the platform will receive the payment from the user. Then he distributes the earnings to the parking spot owner after receiving his commission fees.

Essential features of the car parking app:

The Airbnb for parking app involves space owners, users, and the business owner who brings together the user and space owner in a platform. Let’s see the essential features required for users, space owners, and admin.

For User:

1. Advanced search filter

The search filter allows the users to find a suitable parking space that is safe, affordable, and convenient to park the vehicle. The driver can filter based on price, location, and distance.

2. Wishlist

Wishlist allows users to bookmark a parking spot for the future booking process.

3. Review and rate the space owner

The user can review the space owner based on their parking rental experience.

4. Message

The user can message the space owner to ask any questions or communicate any information regarding booking and payment.

5. Document verification

Document verification allows users to verify their identity by uploading pictures of their IDs. A verified user builds trust among different users on the platform.

6. Hourly booking

The space renters can book the space on an hourly basis based on their needs.

For space owner:

1. Set a unique pricing

The space owner can change the price according to the size of the space. They need to select the kind of space they are listing and provide the price accordingly.

2. iCal integration

The space owner can import their booking information from the parking rental app and sync them to their calendar. This allows owners to view the booking details anywhere.

3. Space listing

The space owner can list their space by adding pictures, setting cancellation policies, and other parking lot details.

4. Adding payout

Space owners can add payout options to receive their share of money for renting their space.

5. Review and rate the user

The space owner can review and rate the user based on their experience with them.

6. Instant booking & Request to book

The space owners, when listing their parking space, can set an option as instant booking or request to book. The instant booking option helps the users to book the parking space immediately.

And the request to book option helps the space owners to check the background of the renter before accepting the booking. This increases the credibility of the platform.

Admin Panel – Platform owners:

1. Manage reservations

Admin can oversee all the reservations happening on the platform.

2. Manage users

Admin manages the users’ and space owners’ information from their dashboard. They can edit the details of a user or space owner, and also have the authority to ban or delete them from the platform.

3. Manage the service fee for users and space owners

Admin can set a service fee for both users and space owners in the dashboard.

4. Reviews management

Admin can manage the reviews given by both the user and space owner to each other after the service.

5. Manage payout

Admin manages the payout that happens on the platform. Admin can hold the payment to the space owner if they receive a low rating from the user.

Want to discuss more features? → Email us at [email protected].

What is the tech stack to build a wholesome car parking rental app for your business?

However, we choose all the essential parts of building a business. We need to pick the most appropriate and latest tech stack to create your car parking rental app.

We strongly recommend React, the best software development toolkit that can be used to build the car parking app business of your dreams.

Express.js, a web application open-source software could be used to increase the performance of the back-end web application.

And GraphQL can be used to get the data from the APIs transferring it to the app for the clients.

How to choose the right team of developers for your car parking rental app?

Anyone can dream about making the best cap parking rental app in the market. But to make it a reality, it is important to consider the right team of developers to build your app.

These are the 5 factors that can be used to narrow down the right kind of developing team.

  1. The team of developers prefers quality over quantity and speed.
  2. The developers are using the latest technology in the market.
  3. They collaborate with you and share new ideas to make your app more creative and successful.
  4. They have a reputation to deliver on time and work on customer satisfaction.
  5. The team must give proper updates on the development process.

Click Here → To talk to our experts on how to develop the BEST car parking app in the market!

What is the cost of developing a car parking rental app?

If you plan on taking the long route – developing your car parking app from scratch, then let’s discuss both alternatives and let you pick in the end!

Developing a car parking rental solution (both app & web) takes a lot of time, and it’s not very cost-effective.

Let’s see… It takes an average of $10,000 to $25,000 (with $40 per hour as the service charge) for developing a solution from scratch.

Whereas, it takes just $3000 to outsource a developing team with a ready-made solution, including the white labeling charges.

If you plan on improvising with extra features and such an additional $25 per hour for labor charge is cost.

Getting excited already? Click here for a FREE Demo of the product.

RentALL Space– Enables entrepreneurs to build a parking app

RentALL Space is a customizable and ready-made space rental script that sets entrepreneurs and startup owners to launch their space rental marketplace platform quickly into the market.

To develop an Airbnb-inspired parking app, RentALL Space is your solution.

It is:

  1. Fully-featured to develop the Minimum Viable Product
  2. 100% customizable
  3. Scalable
  4. Get the complete source code as well.

It benefits platform owners to:

  1. Manage all the users from a simple dashboard
  2. Oversee all the reservations and transactions that happen day-to-day.
  3. Edit the admin accessible information.
  4. The host can easily list their space on the web or mobile. Guests feel convenient in booking a parking spot and paying it quickly through the platform.

Key players in the car parking app market

Here are the top 3 companies that follow suit of the Airbnb business model.

1. ParkStash:

It is a peer-to-peer app that connects the users with local residents who are ready to rent their parking spots.

2. SpotHero:

The company was founded in Chicago by Mark Lawrence and Jeremy Smith in 2011. It is a peer-to-peer parking marketplace where people could rent their private parking area to make money.

Now, the platform has grown and extended its service to other cities as well.

3. SpotAngels:

It first started in San Francisco in 2014 to help drivers find parking. The application shows all the available free parking spots and parking garages in the city. Soon, the service expanded to other cities as well.

Conclusion

As there has been an increase in the number of operating cars in the US, it eventually leads to an increase in traffic congestion.

Using private parking spaces and garages can solve the parking problems in a community. The car parking rental apps help in pre-booking space and also allow people to know the available parking spot from a single app.

I hope this blog is useful and inspires you to build an Airbnb for parking app for your business.

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