by Rentcubo | Feb 28, 2022 | car rental, car rental software, Parking Management
Automobile industries are booming like never before, thanks to the Internet of Things (IoT) expansion. According to a Statista report, 79 million cars were to be sold by the end of 2019. The demand for cars and motorcycles is growing by the day, as is the trend toward self-driving vehicles.
If you’re planning a road trip, what’s the first thing that comes to mind? How should I proceed, most likely? Or what is the best mode of transportation for the journey? Even if you own a car, you’ll prefer self-drive rental cars because they make it easier to carry out your travel plans. There will also be no need to deal with drivers or change arrangements based on personal preference.
It’s time to launch an online rental car booking business if you want to increase your internet sales. Particularly in the self-drive rental automobile industry! Well! Self-driving automobiles are not a new notion. However, there is still a small trend of renting them online in a well-managed manner.
So, before you could start your new business, there are a few things you need to consider. This blog by RentCar, one of the global leaders in self-driving car rental app development, will assist you in launching your business.
Assess the Trends in Car Rental Startup:
You must keep up with market trends if you want to vie for leadership in the automobile rental sector. If your startup obtains substantial funding, it’s a strong sign that you’re on the right track. Explore scale-ups, firms that have recently received financing in your specialty and assess their inherent ideas, technologies, and features before writing any code or drawing any pixels.
Research the Market you Wish to Enter:
In most circumstances, determining whether or not to enter a market is based on weighing the benefits against the dangers. When it comes to opportunities, it’s important to remember that the global automobile rental market was worth $98.14 billion in 2020 and is predicted to increase at a CAGR of 4.6 percent from 2021 to 2028.
North America has the largest market share at 52%, with the United States being the largest. Since it is the world’s largest corporate hub and home to the most popular tourist locations, the United States supplies automobile rental companies with an inexhaustible supply of consumers.
At first, launching your automobile rental mobile app startup in the United States appears to be a good idea, right? Reconsider your strategy because Hertz has 424,000 cars in service, Enterprise has roughly 630,000, and Avis/Budget has about 440,000 and all three companies are headquartered in the United States.
Assess your Competition and their Strengths and Weaknesses:
As a new entrant, you need to take a closer look at the established players in the car rental market. This is a crucial step in the development of a proficient self-drive car rental business because the learning curve they present is enormous. Why is it necessary to assess their strengths and weaknesses? First, every business including the global leaders are prone to have weaknesses as much as they have their strengths. Second, by assessing their strengths and weaknesses you can fortify the strengths and mitigate the weaknesses effectively.
In addition, you and your business team can come up with efficient problem-solving strategies for all possible scenarios by assessing their weaknesses. This will help in the immediate implementation of solutions to problems as and when they arise. Moreover, assessing the strengths and weaknesses will also help turn around your business with lesser weaknesses and optimized strengths.
Make Yourself Known To Your Customers:
Aside from evaluating your competition, talking directly to your existing consumers is another effective way to uncover app features you need to provide to service clients as well as possible. Forbes published a series of stories in 2020 with intriguing information discovered via consumer development interviews conducted by Enterprise Holdings, Carpassionate, and Europ Assistant experts.
During one-on-one interviews, you may discover consumers’ unmet needs or demands that you were unaware of, or you may discover customers’ lack of interest in things you thought were vital. The more you study what clients are saying today, the better your app will be able to serve them tomorrow.
Prioritize the Features of Car Rental App:
Adding functionality to your app can boost client value while also increasing your costs. The quality of your preliminary market research, competitive analysis, and customer development will determine how smartly you prioritize app features for your mobile app MVP and post-MVP versions. Consider going beyond normal functionality and incorporating some sophisticated features to make a competitive vehicle rental app.
Define the Profitability Before Hand:
If you decide to change the method your app makes money in the middle of development, you’ll have to change the UI/UX design, frontend and backend development, and project scope. It will take a long time and cost a lot of money. To avoid this, you must first figure out how you’ll monetize your vehicle rental mobile app before moving on to the design and development stage.
Choose the App Development Team:
You’ll need to work with the correct mobile app development team to get your vehicle rental app up and running. We’ll go over four key criteria for determining whether a possible development team is capable of delivering cutting-edge car rental software on time and under budget.
- Take note of the software development life cycle model that they employ.
- Examine the technology stack that your potential developers intend to use.
- Remember that your possible development team must have the essential specialists with the appropriate expertise to meet your project’s system requirements.
- Don’t get caught up in the scam of “cheap and best”. If you need the best car rental app you need to spend for what it’s worth.
Owing to the increased demand, automobile rental apps have gained a lot of traction, and the use of these mobile apps is on the rise. These apps let users put their booking orders on the app and receive notifications with information on the car’s details and arrival times. So, if you are looking for the best self-drive car rental app like ZoomCar, RentCar can provide you with the best platform.
by Rentcubo | Jan 17, 2022 | Parking Management
The world is becoming increasingly congested, both in terms of people and automobiles. While it may appear that we can and should control the latter, the direct proportionality of autos to humans makes this impossible. Make sure to understand the features and benefits of an integrated parking management system before you could invest in one.
Automobile demand rises in tandem with population growth. One of the most common concerns, though, is a shortage of available parking spaces. The approach to accommodating an increasing number of vehicles is not to extend parking areas because the major purpose of smart parking is to reduce the parking footprint.
Parking systems have become increasingly significant in our daily lives. Parking spots are required in our homes, offices, malls, hospitals, and other places where we go. In recent years, technology has advanced, and one component of that advancement has been the advancement of parking management systems. Parking Management Software is not only useful but also diverse when it comes to controlling the flow of vehicles in a parking lot.
RentCubo is a huge supporter of effective parking management systems. We’ve produced this blog to assist you to understand why we appreciate parking management software and what benefits you may obtain from them.
Parking Management Software Features List
– For Business Owners:
- Manage Parking Space
- Business Record
- Payments Log
- Multiple Payments Option
– For Users:
- Intuitive Search
- Parking Space Availability Status
- GPS Enabled Parking Space Locator
- Reserve/Book
- Quick Payments & E-wallet
– For Admin:
- Track/Manage Bookings and Reservations
- Update Parking Space Availability Status
- Track/Manage Business Record
- Quick Encashment
- List/Block Users
Benefits of Integrated Parking Management System:-
Parking management software is well-known for its technological integration. Because most parking management systems are based on improved models and technical developments, they can be employed in a variety of parking lots. Additionally, you can tailor parking technologies to meet the demands and requirements of your parking spaces, whether they are for residential or commercial usage, such as hospitals or workplaces.
Another big advantage of parking management systems is their versatility. It is incredibly simple to use for both authorities and automobile owners. It’s also incredibly adaptable and doesn’t pose any problems for its consumers. You can also change the settings based on the number of vehicles on the road.
It is quite easy to monitor, control, and regulate parking management systems since they are organized in a structured manner. Parking management systems are also user-friendly, so parking attendants will have no trouble using them.
It’s simple to keep your parking management system up to date. Gemini Parking Solutions provides maintenance 24/7. If any portion of the system breaks down, it can be readily repaired, and your operations will be back up and running in no time.
Another benefit of having a good parking management system is that it saves you money. You save money because it runs on a low-manpower basis. Parking management software also saves time by allowing vehicles to travel at a higher speed, reducing the cost of wasted fuel.
Parking management systems can provide you with enhanced security, safety, and privacy thanks to their technologically advanced security features. Unauthorized entrance to your parking lots is prevented by parking management systems, giving car owners more confidence that their vehicles are securely protected.
Owing to the high level of connectivity, customers can, for example, pay for parking with their mobile phone and be led to available spaces monitored by space sensors via a Smartphone application. Without ever having to visit the pay stations, parking operators can boost operational efficiency by collecting space payment data from our backend straight on a wireless handheld enforcement device.
This kind of advanced and integrated parking management software can be yours. All you have to do is get in touch with RentCubo and we will provide you with the best deals.
by Rentcubo | Dec 6, 2021 | Parking app, Parking Industry, Parking Management, Rental Management Software
Purchasing an automobile is no longer regarded as a luxury. Having a car is more of a necessity than a luxury. Individuals are growing their automobile ownership as their financial situation improves. The complexities and tensions of parking grow as a result of this. For parking lot spaces to run well, cooperation and collaboration along with efficient parking management software are essential.
From a simple coffee machine to a massive tractor, everything in today’s society is automated. Modern machines have made our lives so much easier that we can’t understand how we would function without them. And, as if simplifying work wasn’t enough, more and more attempts are being made toward complete automation of common tasks, which will benefit us on a whole new level.
The parking sector was also introduced with a similar change through automatic parking systems and Airbnb for parking. The automatic parking system has proven to be 100 times more efficient than the traditional parking system because of robust parking management software. The reason for the integration of automatic parking systems through software for parking management is because typical and conventional parking systems, which are currently in use, have a number of flaws.
The traditional parking system’s functionality may have been satisfactory in the past, but modern buildings face new challenges that necessitate newer solutions such as Airbnb for parking. RentPark, a leading parking management software provider, has listed out some of the most common problems with manual parking systems.
High Dependence on Guards:
Since traditional parking systems are completely manual and require someone to open and close boom barriers at all times, they are completely reliant on guards. The guards are also in charge of manually entering information, handling payments, updating availability status, and managing the overall operations of the parking lot.
With manual parking management systems, vehicle details are not properly recorded, hence there is a lack of proper security measures of the parking space. The error in recording vehicle details is primarily because the entries are made by guards. The room for error is prone to exceed with higher traffic.
Parking managers count permits and non-permit cars manually, which is a time-consuming task. A physical inspection of the vehicle’s status and handwritten tickets are required in this scenario. In this case, such a manual approach results in 50% entry errors, resulting in significant losses to the bottom line.
Paper-Based Record System:
Manual parking systems maintain a paper-based records system since data collection and entry are manually done by parking personnel. Therefore, it is challenging to sift through such a big volume of data. Parking lot managers must spend hours searching for files containing the exact information in order to complete this work. These kinds of paper records cause a slew of issues.
Reading, writing, and entering data takes a lot of time and effort. Capital expenditures are increased unnecessarily as a result of money spent on labor that performs repetitive manual operations that can be easily and efficiently automatized. In addition, the labor cost involved in the maintenance of a manual parking system is more since all operations have to be done manually.
In manual parking management systems, customers must wait in line for long periods of time to both enter and exit the parking lot due to outdated or manual operations. Customers’ time is squandered as a result, and the company’s long-term viability is jeopardized.
Ineffective Management of Visitors:
Visitors are frequently allowed entry into premises by guards without first confirming with the person they are visiting, which might result in the wrong persons being granted access. As a result, a high-risk factor is prevalent in manual parking management systems putting others and building residents in harm’s way.
Manual parking systems offer more disadvantages than advantages. Switching to automated car parking systems with the help of fully integrated parking management software would be the best way to fight this issue. They are eco-friendly, simple to use, and cost-effective.
RentPark’s automated parking system is carefully built and tailored to meet the demands of each and every customer. This is ground-breaking software for parking management that transforms any parking spot into a parking experience. So, with RentPark, make your parking a safe and easy experience, because smart cities cannot be established without smart parking.
by Rentcubo | Sep 28, 2021 | Parking Management
Given that city populations are expanding around the world and that persons looking for parking account for over 30% of traffic in congested metropolitan areas, smart parking solutions – software for parking management, are critical, even if they do not contribute to the development of smart cities.This growth in traffic is a big issue for cities, since it restricts mobility and, as a result, access to jobs, housing, and recreational activities. All of these circumstances make cities less livable and sustainable.
However, these issues are driven by a lack of information rather than a lack of parking. Smart parking, in this sense, is a real-time parking management solution offered by robust parking management software that gathers performance indicators and transforms them into insights for better policy and management.
The goal of installing intelligent parking systems like Airbnb for parking management is to reduce the amount of time it takes to find a parking spot by taking advantage of those that are available. As a result, it’s critical to develop a system that can properly and consistently estimate the availability of parking spaces for cars and direct them to those spaces.
Smartphones and other intuitive equipment are used in smart parking to determine the occupancy of a parking garage. This is accomplished not only through the use of cameras, sensors, variable road signs, automated payment kiosks, mobile map applications, and other electronic equipment, but also through data collection via parking management software, which provides real-time information to passengers and drivers.
RentPark, an elite software for parking management, brings you an elaborate blog on how smart parking is improving the driver experience in the ever-growing parking management industry.
In smart parking, digital signage is highly important. As a result, information displays become a dynamic communication channel that may be utilized to greet drivers as they enter the parking lot. Additionally, numerous messages (welcome, farewell, etc.) can be produced to provide customers with pertinent information, price information, or special marketing messages. All of this information can be displayed easily by using Airbnb for parking.
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License Plate Recognition System:
It is feasible to register visitors automatically using a license plate recognition system, a technology that is integrated into the parking management software. This is accomplished using two cameras, one of which registers the front license plate and the other the back. Payment can be done online in this manner even after the driver has departed the parking lot.
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Multiple Payments Method:
Payments are one of the aspects that are often subject to bad driver experience. However, with smart parking and software for parking management, customers may choose from a variety of payment alternatives, giving them more time to accomplish what they want. Some of the alternatives include traditional payment through a local payment machine, mobile payment through applications, and online payment.
Airbnb for parking management supports a number of parking management kiosks and systems that can be used to manage entry to a car park with or without a ticket office, as well as signage displaying available parking spaces, in a given region or location.
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Access Control and Management:
Access control and administration are made possible by multimedia kiosks, which may be found everywhere from entrances to transportation exits, and more specifically, car parks. These access control kiosks can be customized and developed, through parking management software, to meet the project’s and client’s needs, and various components, such as a webcam, card reader, and keyboard, can be integrated.
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Internet of Things (IoT) Sensors:
The use of Internet of Things sensors can assist in determining the location of parking spaces. Drivers looking for a parking spot can use the intelligent parking map on the software for parking management to find the closest available parking spot in real-time. We can even book these seats and accept electronic payments from consumers using the most advanced methods.
Airbnb for parking management provides automatic and simple to use payment kiosks for parking facilities, which are distinguished by the ability to personalize and a wide range of payment alternatives in addition to their resilience. Different components, such as a card reader, anti-vandal keyboard, printer, barcode scanner, and webcam, can be included in these payment devices, which can all be accessed through the parking management software.
Smart parking solutions and software for parking management not only help improve motorist’s happiness but also help to accelerate the development of smart cities. Smart parking is a critical industry for the success of smart cities, given the rapid increase of urban areas. As a result, smart parking will provide a plethora of alternatives to assist cities in better serving their citizens, particularly in terms of saving time and money. RentPark is your perfect parking management business solution as it offers the best smart parking solution.
by Rentcubo | Sep 22, 2021 | Parking Management
Parking management is a viable business that can turn the fortunes of business entrepreneurs. The ever-increasing traffic menace has resulted in the growing demand for better traffic management businesses.
It is this immense need that lures business entrepreneurs to hop right into the parking management industry. Given the vastness of the parking management industry and the intensity of the demand for parking space, it might be tempting for business entrepreneurs to just go with the trend of launching parking management businesses.
However, it is not ideal to launch any business and not just parking management in this manner. Starting a parking management business involves numerous parameters as part of its business model. And detailed attention must be given to executing all the components of the parking management business model.
RentCubo, one of the leading rental software and mobile application development companies, brings you the ideal business model for the parking management business. Read through this blog and grow yourself in the parking management sector as a prospective parking management business entrepreneur or startup.
One of the greatest mistakes a small business owner can make is failing to prepare a business plan for their new parking management company. The main advantage of developing a company plan is that it lays out the strategy.
If you don’t have a business strategy, your leadership will be hampered, and you’ll be forced to prioritize short-term gains above long-term gains. The development of a mission statement for your corporation is the first stage in constructing a business plan. After that, it’s time to get down to business crafting the rest of your parking management company’s business plan.
- Assessment of Competition:
It’s a good idea to research the competition before starting a parking management company in your town. To find a list of local rivals in your region, you must carry out a thorough market analysis.
You can either do this by yourself or hire a professional to do it for you. As a new entrant, it is better to hire a professional since they are experienced and have a vast knowledge base of all the aspects that need to be considered. By doing this you would gain comprehensive knowledge about your competitors and how to pip them.
- Analyze the Template of Established Players:
If you’re thinking about starting a parking management company, you should talk to people who have already done it. It is not advisable to believe your local competitors will provide you with advice. It would be insane for them to try to educate you on how to run a business.
A person who operates a parking management company in another town, on the other hand, will be pleased to give you some advice if you aren’t directly competing with them. Many business owners are glad to provide young entrepreneurs assistance. Finding an entrepreneur that is eager to communicate takes time, but it is definitely worth the effort.
On a percentage basis, more entrepreneurs aim to build their own parking management company rather than buy an existing one. However, starting a parking management company is difficult, and many fail within the first year.
As a result, the decision to buy vs. establish a firm should be thoroughly considered before committing to an ownership approach. Because you’ll have the benefit of a proven operation and an existing client base, buying a thriving parking management firm will reduce the time it takes to see a return on your investment.
When you buy a franchise, you’ll be exposed to tried-and-true concepts that have stood the test of time. If you’re thinking about launching a parking management company, you should think about whether buying a franchise is right for you.
You can view our franchise directory by clicking the link below to discover if there is a franchise opportunity that is right for you. You might even come across something that leads you on an entirely new route.
Considering all of the abovementioned tenets will certainly help you create the best business model for parking management. As business entrepreneurs, it is important to have a robust and fail-proof business model as it will ensure a successful business. RentPark, a proficient rental parking management software by RentCubo, has been developed masterfully by incorporating the best business model. Partner with us now and launch a successful parking management business quickly and efficiently.
by Rentcubo | Sep 8, 2021 | Parking Management
Parking management can be tough and complex without a parking management system. You should invest in parking technologies that make this process easier for you and your team due to its difficulties.
Parking management systems are essential in a variety of settings, including residences, hospitals, retail malls, companies, and other public spaces. This is because they assist in traffic control at all hours of the day and night by allowing vehicles to easily enter and exit the parking space.
Such software systems give digital solutions that aid in the reduction of parking-related complications. It will offer you numerous advantages that will simply motivate and urge you to use parking system software. Through digitization and automation, this software enables a better client experience. We now have integrated parking systems that provide excellent solutions to various parking challenges thanks to advances in technology.
This blog from RentPark, one of the top parking management software, will assist you in comprehending the advantages of a management system and platforms that have become widely used throughout the world.
These parking management systems must concentrate on the security component of parking. Car theft is an issue in many parking lots all around the world. As a result, these systems generate goods with built-in car theft dynamics and can assist car park managers in understanding the position and coverage of these systems, resulting in an enhanced security standard.
Managing a parking system was a time-consuming operation that had to be done manually until recently. Automation software, on the other hand, has made it easier to manage parking systems. Many governments and parking lot owners have benefited from automated parking systems, which make it easier for cars to find parking.
When moving away from old traditional ways, installing a parking management system for the first time in your parking area or space requires the agreement of employees and staff who will be using it 24/7. They must be adaptable to change and eager to gain new skills through numerous training sessions. As a result, employee buy-in is critical.
The advantage of investing in effective parking control systems is that they are simple to install and require only a small amount of training from the software manufacturer. The systems are simple to set up and utilize. They will allow everyone on the team to work together in a low-training environment while also streamlining the overall operational process.
- Better Return On Investment:
One of the most important components in improving your business’s return on investment (ROI) is the development and deployment of a new parking management system. It makes use of technology to assist cut expenses while also delivering a clear value offer. You can lower both traditional and long-term costs by recognizing the economies of scale element. You will be able to reach a realistic ROI in a shorter period of time as a result of the reduction.
Good parking management software is an excellent investment that will pay off handsomely. This is due to the fact that it makes better use of available parking places, decreases errors, and improves efficiency. Furthermore, because the systems are simple to use, you will save money on training your parking attendants.
One of the advantages of investing in a parking management system is that it produces good results. It also provides a parking environment that is simple to maintain for both the management team and the customers. These parking management systems not only provide ticketing devices but also solutions that are adapted to the demands of each individual. This results in beneficial changes, fewer parking fraudulent cases, and ultimately favorable outcomes.
Modern parking management software can help you get more people to park and earn more money. The application will ensure that everyone pays their fair part, and those who do not follow the rules will be fined. The evolution of parking technologies has resulted in the development of integrated equipment software that provides the best solutions to parking-related issues.
You may save money on installation fees by choosing the correct parking management software. Given the required labor and additional resources, operating a car park is fairly costly. You can save money by using the appropriate software because everything will be automated. You can also use integrated software to manage multiple parking lots in the same city or even in other cities.
Since there is an increase in the number of people and vehicles on the road, parking spaces are becoming scarcer by the day. This is why, in order to maximize the use of your parking lot, you need to invest in the best parking management system available. Good software will automate the entire process with innovative and quick solutions, lowering the parking lot overhead costs.
These are five of the most compelling reasons for business entrepreneurs and parking management owners to invest in good parking management software. In addition, parking management software also helps ease the entire business management through automation. Furthermore, the new norms of social distancing and contactless business due to the COVID-19 pandemic provides all the more compelling reasons to invest in parking management software.
RentPark provides some of the best and state-of-the-art features to easily manage your parking management business and make enormous profits. Do away with the laborious task of searching for robust parking management software and contact us now.
