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.
- The users search for the spot by entering the location and the time.
- The app lists down the rentable parking spots in the specified location.
- The user applies filters to narrow down the search results.
- The user chooses the parking spot which is safe and best. They send the booking request to the spot owner and pay for it.
- The space owner gets notified of the booking request and accepts it.
- The booking gets confirmed.
- The user uses the parking spot on the booked hour.
- 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!
- Figuring out the business model and the revenue model of the car parking app business.
- Narrowing down the features of apps and the admin panel.
- Choosing the on-trend and appropriate tech stack for the car parking app.
- Making sure you choose the right developer’s team for your app.
- 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.
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.
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.
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.