Advise

Idea Description

Parking downtown Orlando or Miami, or any city with parking shortages - I need to either have change, or cash, or make sure they take credit cards. That is cumbersome and stressful. Why not pay for parking via your cell phone. Simply text your license number + garage id to iPark (47275) and you are done.

Charge will appear on your phone bill - or if you create account online on your credit card.

Potential market - parking space operators in metropolitan areas, airports, malls.

Projected profit margin - $0.25 to $0.50 per each parking instance.

What will you do if you win $10,000 for this idea?

Needed Financing -
1) cellular short code operator account $2500 - $7500 / monthly
2) software development and/or licensing $10000+
3) demo camera equipment for license plate image recognition $1500

Once cellular code operator account has been created, software for image recognition licensed, website developed and camera put in place I'll be able to demo it to parking operator company.