This episode introduces LoRalot.

The parking system that enforces itself.

If you own a grocery store, a bank, a mall, a restaurant, or a parking lot, and wonder why your lot is full but your building isn't, or why revenues don't add up on busy days, this episode was made for you.

You'll hear my description of the tradeoffs to each current parking management solution and then I'll explain ours at LoRalot.

To counteract my bias, I want to give you a framework you can use to decide if this is right for you.

Any parking management solution needs each of the following three pillars.

If it's missing only one, then lot sitters love you.

Loud honking, customers circling, and the occasional swear word will all be the too common appearance.

Here are the three pillars:

You need a way to track the cars.

Which means you know exactly which parking spots are occupied at any time.

A way to time the cars.

How long each car has been in your lot and when they overstay the time limit.

And a way to alert to tow the cars.To quickly let your staff or tow partner know if needed.

Track, Time, and Tow.

Use this framework to make informed decision for yourself.

How does how you manage your lot align with track, time, and tow?

Here's how we approach managing your parking lot:

Sensors are laid in the ground in each spot. They see when cars come and when they go.

They update a live map. It shows grey spots open, green spots taken, red spots overstayed.

If time runs out, an alert of your choice is sent. Warn, ticket, tow, or anything you'd like. No need to tow if you don't want to.

Next, the sensors collect lots of data. Average stay time, total cars parked per day, peak hours, busiest spots, turnover percentage, legal hours, illegal hours, occupancy rate and more.

But I truly believe that unless data is applied it’s useless. If it’s a metric that sits there and it doesn’t change behavior you don’t need it.

We focus on the actions to take that make your lot so that people parking in it are happier and spend more.

We avoid expensive cameras and it's privacy friendly. Plus no more running around.

Run our self-enforcing solution through the track, time, and tow framework.

Up to you if it checks each box.

If you’re listening before we talk, it’s very nice to meet you.

We start with our free 7-day No More Lot Sitters System.

To see if it's a good fit for you.

Looking forward to answering any questions you may have.

Thanks so much for your time.