If cycling is one of your hobbies, you might want to consider starting a bike-related business.
You don’t have to shell out a huge sum of money to turn your passion into a profitable business. That said, here are eight bike business ideas that don’t require a large investment.
If you live in a very touristy area, you might want to offer bicycle tour guide services! Bike tours are becoming increasingly popular, especially for avid cyclists and recreational cyclists.
Cycling during tours is more immersive than driving, as tourists will be able to see, hear and feel what is happening around them while exercising. Plus, biking also covers more ground than just walking.
Today, marketers are doing everything they can to reach and expand their customer base. Bike ads are a great idea because they can effectively expose someone’s brand.
For example, you are cycling in crowded parks, in business districts or in the city in spring or summer. Putting ads on your bike gets you paid to ride a bike, which you already do.
Bike rental service
Starting a bike rental business is one of the easiest ways to become an entrepreneur without going through the challenges of starting a capital-intensive business.
If you live in areas where many people ride bikes for fun and sport, you might want to consider starting your own bike rental business.
If your business is well positioned, you can run a profitable business with little effort like meal prep or bike food carts.
However, bike rental companies are limited to certain states in the United States. So, before you start your bike rental business, be sure to check your state’s regulations and be sure to set up a store where bike rentals can thrive, such as tourist spots and parks.
Organize a cycling school for children
You can train future cyclists from an early age by organizing a cycling program for children. Studies show that school programs can have a positive impact on a child’s health and academic performance, such as cycling.
Children make better choices and concentrate better in school when they are physically and emotionally safe.
The ideal target market for a cycling school is parents. You can go to schools and ask parents to enroll their children in your cycling lessons. However, you must register your business and obtain a license before you can operate.
Be sure to check with the permits and licenses required in your state.
Open a professional cycling club
Apart from a cycling school for children, you can also start a professional cycling club for people who will be competing in major sporting events.
You can narrow down your niche by catering exclusively to professionals or aspiring experienced bikers who want to compete.
If you are a budding entrepreneur or a new entrepreneur, you could benefit from choosing a business idea that has an established business model.
For example, you’re probably familiar with bicycle courier services, a company that delivers goods, documents, and packages to customers using bicycles.
You can operate your courier service from anywhere as long as there are customers and you follow your state’s regulations, permits, and licenses.
Starting a bike courier service can be a profitable business. It’s easy to get started and isn’t as capital intensive as other traditional courier businesses.
Be sure to invest in durable bikes and tracking devices to meet the demands of your potential customers.
Tire inflation and repair services
Your job is to make sure your customers are using the correct tires for their bikes and that each tire meets the required standard. Also, while most bike owners have their pump, they will need your services when their tires burst and need someone to fix it.
Bike sharing company
A bike-share system or bike-share business model is a service in which bicycles are made available to the public for a short-term fee.
For example, you can borrow a bike from a designated dock and return it to another dock in the same system.
Docks are automated bike racks that lock the bike and release it when users enter their payment information. Once the user is done using the bike, they can turn it over and it automatically locks into place.
For most systems, you can use smartphone apps to see available bikes and docks.
There are plenty of ways to turn your passion for bikes into a lucrative business. You don’t have to spend a lot, but it helps to have easy access to working capital before you start your business.
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