Revenue Generating Locks
Revenue generating locks are becoming increasingly more desirable as technology advances. Smart locks and smart lockers have existed for some time but historically, they were extremely expensive and generally quite clunky. With modern advancements with technology, revenue generating locks and revenue generating lockers are now accessible to almost every single venue or business, no matter how big they are.
There are a variety of different revenue generating locks to choose from on the market but below is a list of the three most popular types of revenue generating locks in order of most popular to least popular.
LOKT Go | Retrofittable Digital Locks with Bespoke Web Portal Connectivity
Key Benefits:
- • Perfect for all business sizes
- • Can be used for events to increase revenue
- • Retrofittable solution (transform existing lockers into money making machines)
- • Affordable, low to zero cost solution
- • Comes with a bespoke booking portal
- • Revenue share contracts available
LOKT Go is a desirable system for most situations. It is fast, affordable and comes with a host of flexible functionalities. LOKT also offer revenue share contracts and maintenance agreements, meaning installation is taken care of and little to no management is required from the venue.
LOKT | Advanced Revenue Share Locker Systems
Key Benefits:
- • Extremely durable
- • High security
- • Charging ports available
- • Better API connectivity solutions
- • Improved admin control
LOKT advanced revenue generating systems are a more tailored solution for larger venues, events or high secure locations. The capabilities of this system are almost endless. Manufactured to the highest quality, these lockers are about as secure as revenue generating lockers get.
Coin Retain Locks
Key Benefits:
- • Works with new £1 coin
- • Affordable solution
- • Durable locks
Cons:
- • More management required
- • No cashless process available
Coin retain locks are a bit of an outdated lock when it comes to making money from your lockers. However, they are still used in rare situations such as places where the internet is inaccessible or where there is only a couple of lockers needed. At CS Storage, we supply a range of coin retain locks. Get in touch with us if you have any questions about these locks.
Conclusion
Overall LOKT Go is the more popular solution as it is affordable, low to zero cost for set up and installation and works for all venue types. In situations where a more advanced, more secure locker system is required for locations such as airports or government buildings, LOKT’s advanced locker systems may be preferred.
Although we are not ruling out coin retain locks, there seems to be a diminishing need for these locks as technology improves and we move closer and closer to a completely cashless society.
If you require any assistance or have any questions about how to get started, please feel free to get in touch with our sales team on 01772 322 634 or sales@csstorage.co.uk.
