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delamri | 1 year ago

Great question. While apps like SpotHero & ParkWhiz either don't allow individual users to make listings or have very limited functionality, Parkt focuses entirely on that. Additionally, the app is intended to be as simple as possible to use. If you check it out, it takes just 2 clicks to find & reserve a spot vs 6+ on other apps. The end goal is to minimize the time spent on the app while providing as much value as possible (if that makes sense). Everything from the way the app is designed, the way reservations are created, & more was done with the user in mind.

The marketplace model also encourages competitive pricing in contrast to price-fixing present in most parking lots by lowering barriers to entry.

A main concern starting out was the high involvement for users in selling parking spots. With Parkt, it takes less than 5 minutes to setup & list a spot. After that, there's very limited involvement. Parkt handles promotion, scheduling, reservations, and payments, which pay out directly to the seller's bank account. Additionally, the exact location/address of a spot is only shown to after a user has already made a reservation. This mitigates a bit of the risk of random people parking in spots.

Basically, the app is designed to be as seamless as possible for sellers and buyers.

Hope this answers some of your questions! Sorry if it's a bit long.

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