Is power bank rental profitable?

Recently, many people are curious about whether shared power bank can really make money. Obviously, an order can only earn a few dollars, why do so many people say shared power bankis a good business?

The shared attribute of cell phone charging station breaks through the limitation of traditional fixed charging and allows users to charge on the move, and supports the attribute of renting from point A and returning to point B, which can be returned across places/cities, so there is no geographical limitation for shared power bank business.

And shared power bank rental station is different from conventional products, it can be placed in all business scenes, such as shopping malls, restaurants, airports, high-speed rail stations and other public places, the more high traffic places, the higher the rental rate, the more revenue it can bring you.

The attribute of resource sharing reduces the operation cost, the whole scene coverage expands the user base, the high utilization rate guarantees the stability of income, the unattended mode reduces the manpower expenditure, and the diversified profit channels further enhance the commercial value. Understanding the profit logic of shared power bank rental station, we can more clearly understand why shared power bank rental station can make money for you.

1、Sharing attributes, to meet the flexibility of user needs

Sharing economy, as the most efficient economic model in the 21st century, is through the Internet of Things technology, LBS technology, payment and other technical means to effectively match the demand side and the supply side to achieve the most efficient use of resources.

Like Airbnb, a representative of the shared accommodation field, travelers can quickly find accommodation rooms in global travel destinations through Airbnb, and at the same time allow hosts to rent out vacant rooms to make money.Airbnb has made shared accommodation to 100,000 cities in 220+ countries through the model of sharing economy, creating a market value of up to 87 billion US dollars.

It is Airbnb's success that allows investors to see the unlimited potential of the sharing economy. Shared travel, shared space, shared bicycle, SHARED POWER BANK and other sharing business, began to develop vigorously.

The traditional way of cell phone charging in overseas markets lacks flexibility and is extremely inconvenient, failing to meet people's travel charging and emergency charging needs. Shared power bank is undoubtedly the best solution to this market problem.

For consumers, unattended, self-service experience, coupled with the convenience of not needing to be used in a fixed location, you can carry the phone charg station to a different place, you can also return it to a different place, the use of the threshold is low, the convenience is high, to meet the user's daily travel charging needs.

Compared with the shared bicycle and other need to face excessive overseas policy risks and high load of localized operating costs, phone charging station's advantages are obvious. phone charging station is easier to achieve small cost, large-scale wide coverage. Reduce the risk of investor's investment to ensure the profitability and stability of investment.

2、Covering a wide range of scenarios to improve commercial profitability

In shopping malls, restaurants, airports, high-speed rail stations and other public places, users can easily rent a charging treasure by simply scanning the code/swiping the card and other rental methods to charge their cell phones quickly. power bank rental's convenience of instant availability is the key to its rapid popularization in the market.

Sharing power bank rental station according to the number of charging treasure, generally divided into 4/5/6/8/12/16/20/24/32/48/72/96/120 port and 216 port integrated super large cabinet. According to the needs of different scenes, according to the function is divided into outdoor waterproof, solar energy, indoor scenes (desktop, wall-mounted, vertical, etc.) shared power bank.

And the placement place of shared power bank mainly needs to consider the attributes of the scene, the area and the flow of people. Like airports, shopping centers, railway stations and other large-scale scenes with high traffic flow, it is suitable to use 48/72/96/120 and 216-port vertical cabinets, which is convenient for more people to rent, and avoids the problem that users have no place to rent for a long time.

Restaurants, cafes, bars and other small places, choose desktop 4/5/6/8/12/16/20/24 desktop cabinets, more cost-effective. Solar and outdoor waterproof cabinets are suitable to be placed in squares, parks, and scenic spots where there is a large amount of outdoor traffic.

Whether it is shopping centers, transportation hubs, restaurants, schools, hospitals, sporting events and all other scenes, it is suitable to put SHARED POWER BANK, covering a full range of consumer scenarios, such as people's clothing, food, housing, transportation and entertainment. Placing shared power bank in places with high flow of people and long stay time, high utilization rate of charging treasure can bring higher ROI for investors.

3、Efficient product utilization, shorten profit cycle

Cell phone as people's “digital companion”, keep the power is people's immediate needs. 60.1% of cell phone users need to charge 1-2 times a day, but due to the frequent use of cell phones, the power is more easily consumed, the number of cell phone charging times in a single day is still increasing. Investors do not need to worry about no one using the shared power bank after placing it on the premises, but increasing the utilization rate of the shared power bank can also effectively increase your revenue.

The operation strategy of power bank sharing station can be adjusted in many aspects, such as setting free hours, lowering the deposit, flexible pricing and adjusting the layout of outlets. People can't resist the idea of “trying for free”. Setting a free charging time of 1-30 minutes will make more users willing to try it out. Usually it takes 2 hours to fully charge a cell phone. If 10 users use rent a power bank because of the free time, 10 people x 1.5 hours x 3 USD/hour = 45 USD, then you can earn at least 45 USD per day.

Regularly set deposit is 30$, but in public places this will affect the probability of people using power bank sharing station. People are resistant to paying too high a deposit for a product, so they don't try it. Setting a deposit of $1 in public places such as parks and gymnasiums can effectively increase the rental rate and help you earn at least $30 more per day for one device.

Flexible pricing is a comprehensive consideration to flexibly adjust the rental setting based on various factors such as place attributes, consumption frequency, region, holidays, billing duration (minutes/hours) and so on.

Through the data big screen, in order to insight into the user and outlet portrait, dig deeper into the rental data, improve the equipment utilization efficiency of the places where power bank sharing station is placed, and increase the revenue.

4、Unattended to reduce the cost of investment

Phone charging stations are similar to vending machines in that they are able to provide services 24/7 and operate in an unattended mode.

Physical store operators generally provide charging services to increase the length of stay of customers. Regular charging services require the purchase of additional charging batteries and data cables, which increases operating costs and requires staffing to serve customers.

The phone charging station does not require specialized staff to man the station, and users can rent it directly by scanning the code on their cell phones or swiping their cards. The whole process of renting and returning can be completed by self-service.

The power bank rental kiosk is monitored and managed remotely through an intelligent background management system. You can check the usage, power status and fault alarm of the equipment in real time through the background system for timely maintenance and management.

Unattended and intelligent management can effectively reduce the investor's input cost. Investors can flexibly choose the purchase quantity according to their financial strength and market demand, reducing the pressure of start-up capital.

5、Product service + commercial value-added services, creating a variety of profits

Whether it's for work, life or entertainment, people can't live without their cell phones. When cell phone power is low, people can easily rent sharing power bank in shopping malls, restaurants, airports, subway stations, etc. Sharing power bank earns revenue by providing people with convenient charging services.

Users earn rental income when they rent a charging power bank. The rental fee usually depends on the length and frequency of the rental and the pricing of different scenarios. The return on investment can be higher in places with high foot traffic and higher spending power.

The sharing power bank can display advertisements on the cabinets or APPs to promote the brand for the merchants, helping the brand to convert customer traffic and realize low-cost customer acquisition. Brand advertising can also generate advertising revenue for investors.

Users can search for sharing power bank outlets through Google Maps, allowing more customers to visit the offline stores. While enjoying the convenient charging service, customers may be more willing to stay in the store for a longer period of time, which will increase the number of consumer orders.

Sharing power bank is placed in a variety of scenarios, whether it is shopping malls, restaurants, cafes or transportation hubs, as long as there are people, there may be a demand for charging. Investors can choose the appropriate placement strategy according to the characteristics of different places to expand the business coverage.

Bajie Charging has successfully replicated the shared power bank business model to more than 100 countries and provided a complete set of solution customization for 500+ global partners.

If you want to successfully replicate the shared power bank business model overseas, Bajie Charging is your reliable partner, providing you with a complete set of solutions and the most valuable on-the-ground experience.

February 22, 2025