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B) Prior to the start of your lease visit yard sales for bikes. Place 2-line classified ads in your newspaper. The ads can say, “Used Bikes Wanted” followed by your cell phone number.
Use Craigslist.
You will be surprised at the results. The objective is to get stock for your warehouse prior to opening (and paying rent).
C) Hook up with a bicycle parts distributor. You want their catalogs and some new parts on-hand to sell.
They will tell you what parts sell best. You can get a handful of these. New parts sell well even though you’re a junkyard.
D) It is recommended you disassemble your inventory. Clean, categorize and price everything individually.
This will show the public that you’re organized (a great marketing point) and reduce or eliminate personal injuries, which may occur if customers disassemble the bikes themselves.
E) Besides making a significant profit, your goal should include having on-hand 6 to 10 new bikes (the best sellers), building and fixing-up used bikes to sell, offering a bike repair service, even teaching bicycle repair and, of course, having cleaned-up used parts inventoried and ready to sell.
The Bicycle Rental Business
This bicycle business opportunity is catching the eye of urban entrepreneurs.
The rental bicycle business is literally taking off.
Entrepreneurial rental bicycle businesses are spring up in District of Columbia, Arlington, Va., Chicago, Denver, Miami Beach, Minneapolis, Paris, Barcelona, London and a host of cities around the globe.
Indeed, this is a worldwide business opportunity!
Here are the rental business basics:
- You don't need to go ape but a simple
business plan
is a must. A minimal investment in this "Business Plan Made Easy" ebook will put you on the right track.
Another cool and good to have ebook is this easy to understand and quite good Marketing Manual will get your bicycle business started with proven money saving marketing ideas that work! You will definitively save time and mistakes here.
- In any case, starting off with used three speed bicycles provides a low cost way to “get-in-business.” Be sure to go over them carefully to see all is tight and in solid working order.
- Each of the bicycle business bikes should be painted a bright color (all the same)with your company name, phone # and logo. This prevents theft and aids in marketing.
- Each 3-speed must have an attachment (low cost) which will allow users to keep track of miles pedaled, calories burned and even, carbon admissions avoided with the bikes use.
- Charge an annual membership fee of $35 or so or a monthly fee of around $12 to $15. This will cover your overhead expenses.
- Members are provided a key or a personalized code to unlock a bike from a stand.
- A member "use charge" may be something like 0 to 15 minutes @ no charge. 15 to 30 minutes for $.99. 30 to 60 minutes for $1.80. One hour to three hours $3.50. Four to 8 hours for $5.50. You get the point.
- Within an urban core and nearby communities you must find sites to place 5 to 10 bicycles for rental. You will have to search for these. Such sites could be gas stations, grocery stores/supermarkets or other retail locations which have an outside space. Or, maybe you can negotiate with your city park service for locations too.
For each you will need to pay rent, usually a small set fee for each bike rented.
The point is to have enough drop-off/pick-up rental sites to make it worthwhile for your customers to use your services.
A good business website is also a requirement for success.
The Online Bicycle Business
The Internet, can be a hefty sales machine. In fact, your "business" website, if done properly, could provide as much as 80% of your total business.
However, most people fail at an Internet sales business.
WHY?
For two reasons.
First, they put up a site that just sells their product. The site has no real value as an information site.
People search the Internet for answers to their question or problem. Without providing solid free information to those searchers, your credibility suffers and sales are not maximized.
Secondly, people build, or have a friend or relative build a website that looks good but it is never found, except by relatives of the webmaster.
The Internet entrepreneur has not built a “business” website.
A business website is one that gets found on pages 1 or 2 of the search engines. If this doesn’t happen, you have just wasted your time and money.
Want proof ?
Online bicycle sales, rentals and bicycle repair businesses can be a lucrative profitable business. But it must be done right.
Site Build It ( SBI ) is the world’s #1 website building, web hosting and business marketer. Thousands of entrepreneurs use SBI to build their own business website.
SBI provides all the tools you need to build a business website that gets found!
There are many online profitable bicycle business opportunities. Here are suggestions:
- Virtual Bike Store
- Sell Rare Parts
- Antique Bikes and Parts
- Be a Source to Identify Bike Repair Shops Around your Country in exchange for a referral fee
- Provide a Ton of Free Information about any aspect of the cycling business and sell advertising and ebooks on your site
You can widen your bicycle opportunities in other directions too.
You can be a cycling consultant, a bike painter offering unique paint designs, have a mobile bike repair business or become a used bicycle broker getting buyers and sellers in touch in exchange for a percentage of the sales or a flat fee.
Let you imagination ramble: start your own business ideas.
With over 38 million Americans riding bikes, the prospects for a great bicycle business with significant income can become a reality.
A good source of information is the League of American Bicyclists.
Good fortune to you.
Thank you for visiting Winning Bicycle Business Niches.
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