Start Your Own Owner's Lot Business

Do you own a piece of property that gets a lot of drive-by traffic? Have you ever wondered how to turn that into a good income without investing a whole bunch of time and money? An owner's lot may be the perfect business for you.

There was a day when you could park your car down at the edge of the supermarket parking lot or other popular place to get exposure. These days that usually isn't an option. Management companies don't want their parking lots to be used as car lots and are having cars towed away if you park them there. So what does a seller do to get exposure for their vehicle?

This business opportunity is quite simple and usually much more profitable than renting it out for a farm market or such. Spread a couple of loads of gravel on your lot, put up an attention getting sign, and charge private sellers a fee to park their car on your sales lot. They get the benefit of high traffic exposure, and by being grouped on a lot with other sellers they increase their chances of finding a buyer by many times. You don't need to get a dealers license or anything like that. You are just providing space, not reselling cars.

A local owner's lot here charges $20 per week for a spot - about the same as an ad in the local newspaper. He averages 100 spots per month. That's $2000 a month! I use the term spot rather than car because a spot can be a different car each week or the same car for several weeks. All we're concerned with is the revenue for each spot per week no matter what car is in it.

Think about combining your lot service with auto detailing for even more income. People can park their car and for a little more money they can have it cleaned and detailed to increase sales potential.

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