Finding a secure, private, and affordable parking space to rent during the big baseball game is great, but what about using the ParqEx app with business in mind? Renting out the extra space at home, every once in a while, creates some nice supplemental income, but what about making a more significant amount each month using the ParqEx app? Let’s explore this by looking at B2B income opportunities using the ParqEx app.
Apartment or Business Owners
Anywhere there’s unused parking spaces in congested metropolitan areas, there’s opportunity to use ParqEx to make money from renting them. Parking spot owners can choose: who they want to rent to, prices, and rules; ParqEx’s cloud platform facilitates payments, communication, and management of transactions – between the renter and parking space owner.
For instance, say an apartment complex owner wants to rent out 5 parking spaces, which aren’t being used anyway, in order to make potentially $250/month from each space. That’s $1,250/month for merely utilizing unused parking spaces at the apartment complex. These spaces could be reserved and marked off, so residents and visitors don’t park there.
Business owners of stores, professional services, strip malls, recreational attractions, etc. – could rent out any extra parking spaces as well. This could be in the form of the owner of a strip mall renting out 50 spaces and hiring 24/hr security on-site. Maybe the spaces are rented only during the day or at certain times, either way: business owners have an easy way to supplement their income, by renting out their vacant spaces using the ParqEx app.
Entrepreneurs and Opportunists
What about developing a business idea based on the ParqEx app? This could be in the form of an entrepreneur investing in areas with rent-able parking in mind. For instance, a home owner near a large attraction develops a parking center on their 1 acre lot. This is an indoor parking garage with temperature control and luxuries like: a coffee machine, waiting table, phone, vending machine, ATM, etc.
This indoor parking center may cost $150,000 to build, yet with the luxuries and proximity to the “big attraction”, renters are willing to pay a premium price. If the garage was full all month at $20/day pricing, this would be $6,000/month — not including any periphery profits derived from this venture, such as: vending machine, ATM, coffee machine, affiliate B2B partnership ( Sharing Economy Services), etc.
The home owner is now making $72,000/year gross with their $150,000 parking center addition. Within a few years the parking center building is paid off, so the business is almost completely profit from then on (plus any residual value of the building later).
The parking center business is also almost completely automated, so remote management is possible with cloud and mobile computing. Owners could go on vacation and still be renting spaces out, or they could put their business on hold for a time.
Parking Garages and Lots
The parking business is big business in large metropolitan cities in the U.S. and the world. Traffic congestion and limited parking availability make vacant parking spaces a valuable thing. In these areas of the city, there are parking garages and lots with space availability, yet their high prices cause many renters to avoid this option. What if these parking businesses had special rates for non-peak hours, or some other discounted method to attract customers using the ParqEx app?
Established parking businesses have an untapped marketing tool with the ParqEx app, which can help them fill up their parking spaces more often, instead of not renting vacant parking spaces during non-peak hours. Renters would also appreciate being able to pay online through the ParqEx app, which they’re comfortable with already.
The discounted spaces, found through the ParqEx app, attract an entirely different market than the parking business’s usual customers. This new market is full of quality customers, screened and approved, that are more thrifty and mobile-minded than the usual parking business patrons.
Maybe investing $150,000 for a parking center to be built on a person’s residential property is too much for some, yet for others this could be a good retirement plan. Maybe high school teenagers don’t usually grow up thinking: I want to rent parking spaces for a living, yet with innovative cloud based services like ParqEx, this might become more normal. Indeed, the examples shown above do indicate profitable B2B income opportunities.
ParqEx has specifically catered our service toward B2B customers who want to supplement their income by filling up their vacant parking spaces. Our B2B initiative helps owners rent out their underused parking spots, and helps drivers park where they couldn’t before. This is an automated process in day-to-day workflow, and ParqEx provides the support and service needed to streamline and integrate this venture, without business owners even lifting a finger. If interested in learning more please contact us today.