Curious to identify the two bicycle business niches which provide winning profitable opportunities? You'll be surprised to see the simple, low cost and rewarding avenues that fit perfectly into most any marketplace.
The bicycle business has traditionally been thought of as a retail store selling new bikes with the possibility of have a repair business as a component. This is today, still a viable small business idea.
the increasing awareness of ecology, nearly 40 million Americans have
one or more bicycles. The bicycle opportunity is mushrooming.
Here are two low cost, potential high earning options.
John Frances lives on the western edge of Chicago. As a life-long two wheel enthusiast, he often helped friends repair their bikes.
He always had to purchase new parts for these repairs because used or reconditioned parts were generally not available.
About four years ago he decided enough was enough. He had this crazy idea; an idea that his friends were lukewarm about. Today they believe he is a genius.
Last fall, I interviewed John.
What follows is what John shared concerning the key aspects of his success.
In closing my interview, John emphasized three essentials that made his new venture work.
First, low rent is a must!
Second, his bicycle business is a destination oriented business, That is, people will seek out his services, so he is not dependent on a high traffic location.
Third, he felt he needed to offer as many service components as he could to avoid being dependent on a narrow business offering.
Today, John has two part timers working with him and his company is doing rather well, for sure
Cally Gardoski's grandfather Noble loved collecting old (not necessarily antique) bicycles and had 39 of them when he passed away.
Living in the middle of nowhere in West Texas, she knew that trying to sell them there was impossible.
She poked around on the Internet filling in the subject line with words like old bikes, antique bicycles/parts, rare bicycles/parts, etc. She joined a couple of bicycle forums.
All this led her to conclude that the Internet was a way for her to parley her growing interest in old bicycles/parts into a solid opportunity.
She decided that she would enter the buy, sell and trade bicycle/parts marketplace. There were few competitors in this niche.
She felt she could acquire the bicycle knowledge she would need to be an authority. She dived in.
About four months later she was comfortable talking "bicycle shop" lingo in the forums. Now was the time to start her new online company.
She mastered this too.
Three years later, Cally is beginning to be a big-time player in the trading and selling of old and antique bicycles.
Cally's point to me was, "You never know where a rambling imagination can lead."
Thank you for visiting Winning Bicycle Business Niches.