8 Bike Business Ideas that Don’t Require a Big Investment

If riding a bike is one of your hobbies, you might want to consider setting up a bike-related business.

8 Bike Business Ideas that Don’t Require a Big Investment

You don’t have to shell out a huge amount of cash to turn this passion of yours into a profitable business. With that said, here are eight bike business ideas that don’t require a significant investment.

Cycling Tours

If you live in an area with many tourists, you might want to offer tour guide services using your bike! Cycling tours are becoming more popular, especially for both avid cyclists and recreational riders.

Riding a bike while sightseeing is more immersive than driving since tourists will get to see, hear, and smell what’s happening around them while getting an exercise in. Additionally, biking also covers more ground than just walking.

Bike Advertisements

Marketers today do whatever they can to reach and expand their customer base. Bike advertisements are a great idea because they can effectively expose someone’s brand.

For example, you are riding your bike in crowded parks, in business districts, or around the city during spring or summer. Putting ads on your bike allows you to get paid for riding your bicycle, something that 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 sports, you might want to consider starting your own bike rental business.

If your business is positioned well, you can run a profitable business with little efforts like meal preparation or bike food carts.

However, bike rental businesses are restricted to particular states in the United States. So before you start your bike rental business, make sure to check your state’s regulations and make sure to set up a shop where bike rentals can thrive, like tourist spots and parks.

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    Organize a Cycling School for Kids

    You can train future cyclists from an early age by organizing a cycling program for kids. Studies show that school-based programs can positively impact a child’s health and school performance, like cycling.

    Children make better choices and focus better in school when they’re physically and emotionally secure.

    The ideal target market for a cycling school is parents. You can go to schools and get parents to enroll their children in your cycling classes. However, you need to register your business and get a license before you can operate.

    Be sure to check in with the permits and licenses required in your state.

    Open a Professional Cycling Club

    Aside from a cycling school for kids, you can also start a professional cycling club for people who will compete at major sporting events.

    You can narrow your niche by catering exclusively to professionals or aspiring experienced bikers who want to compete in competitions.

    Courier Services

    If you’re an aspiring or a new entrepreneur, you might benefit from choosing a business idea that has an established business model.

    For example, you’re probably familiar with bike courier services – a business that delivers goods, documents, and parcels to customers using bicycles.

    You can operate your courier service from anywhere as long as there are customers and that you meet the regulations, permits, and licenses in your state.

    Starting a bicycle courier service can be a profitable venture. It’s easy to start, and it isn’t as capital intensive as other traditional courier companies.

    Be sure to invest in durable bicycles and tracking devices to cater to the demands of your potential customers.

    Tire Inflation and Repair Services

    Your job is to ensure that your customers use the right tires for their bikes and that each tire meets the required standard. In addition, while most bicycle owners have their pump, they will need your services when their tires burst and need someone to patch it.

    Bike-Sharing Business 

    A bicycle-sharing system or a bike-share business model is a service wherein bicycles are made available for public use for a fee on a short-term basis.

    For example, you can borrow a bike from a designated dock and return it to another dock of 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 return it, and it will automatically lock into place.

    For most systems, you can use smartphone apps to see available bikes and docks.

    What’s Next?

    There are many ways you can leverage your passion for bikes and turn it into a lucrative business. You don’t have to spend much, but it helps to have easy access to working capital before starting your business.

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    Some other articles you might find of interest:

     See how bike riding makes its mark among other outdoor activities:

    How Bike Riding Compares to Other Popular Outdoor Activities

    https://www.bikehacks.com/bike-riding/

     Make a bike stand on your own with these tips:

    How to Easily Build a Bike Stand – 3 Methods Compares

    https://www.bikehacks.com/how-to-build-a-bike-stand/

     Ride bike comfortably and safely with these tips:

    Best Tips for a Safer Summer Bike Rides: Ways to Stay Healthy and Clothing to Wear

     https://www.bikehacks.com/best-tips-for-a-safer-summer-bike-rides/

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