An idea of launching an e-scooter sharing platform to deal with these problems. Keep us in mind for your eBike rental business needs! Mission: To provide the best online ebike shopping experience for Active Seniors. You can do it all yourself using sites like Wix, and this should not exceed more than $150 - $250. We will take care of all the fulfillment, so you can focus rentals and tours. Start your own bicycle manufacturer business plan. and clothing (jerseys, gloves, shoes, casual wear, etc.) Moreover, it affects productivity and does not avail you to earn more. By now you have a general overview of steps you should consider before starting your ebike business. We are well positioned to take on the available market in Long Beach – California and we are quite optimistic that we will meet our set target of generating enough profits from the first six months of operation and grow the business and our clientele base. They are the two most-used websites out there, and they offer the best advertising products for local businesses. Additionally, you could experiment with local deal sites like  Groupon in order to book your first set of clients. The part-time staff will likely be university students who are looking to supplement their income by working at a fun store. and what licenses and permits do I need to get before opening? E-Bina is the first bike-sharing service platform with mobile applications within the city of Angola, South Africa. This bike shop business plan includes market analysis, strategy, more. We are in the electric bike hire shop line of business to maximize profits and we are going to go all the way out to ensure that we achieve or business goals and objectives. If you have made up your mind to start a business, it is necessary for you to write your business plan. There are many things to consider when starting an ebike business: All of these questions and more will be answered in this Guide. Get a bunch of professional-looking business cards printed from a service like. A portion of the funds will be used for a grand opening marketing campaign, including building an ecommerce website. are stocked on a continual basis. We are going to explore all available means to promote our electric bike shop. If you start off slowly with just two, four or six eBikes [pro tip: eBikes are rented and sold in pairs], your investment will be minimal, and the scale potential will be great. For example, if the ratio of docking space per bike is 1.8 then to accommodate 10 bikes, you need 18 docking spaces. mention the goal that you are trying to achieve. Address: 30 N. Gould Street, Sheridan WY 82801. Following is the general guideline for deciding the station location for the docked e-scooter business model. In addition, Really Good eBikes provides lifetime warranty support for all it’s rental operators. Includes market analysis, strategy, more. You can see our selection of appropriate inventory here. Over the past five years, industry concentration has remained low as operators are primarily single-location shops or niche stores that cater to specific demographics or categories. For the safety concern, don’t build station under the underpasses. E-scooter rental business typically depends on the standardized e-scooters which are specially designed to feed more durability and security. E-bikes bring a new sense of adventure to your bike rental business. You most likely answered typing your query into Google, which is what the majority of people are doing when they research local businesses to hire. As a matter of fact, our publicity and advertising strategy is not solely for winning customers over but to effectively communicate our brand. Once you exemplify the station density and the station size, another fundamental decision you have to make is, whether you need to build an automatic station which runs on IT infrastructure or hire a dedicated person who manually checks in or out the e-scooters and takes care of the payment. There will be a small fee to register your domain, keep a monthly hosting plan, and to design your site. Finds out the customer’s needs, recommend, select and help locate the right merchandise, describe a product’s features and benefits. <> Use this retail bike shop business plan as your template to create the best bike shop in town that’s also a thriving, profitable business! The industry is responsible for the employment of over 84,282 people. Install stations at the corner of the streets, so that people coming from multiple directions can get the sight of the e-scooters. We have been able to critically examine the electric bike hire business and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. Facebook is constantly making their technology more effective, which is why it has become a preferred choice for local marketers. Finally consumers can find a wide range of parts to fix or upgrade their bikes. There are a number of things to consider before starting your business, mainly the profit potential. Ride On Bikes is a new company being launched by Rick Austin. This is why it is always advisable to invest more money and buy secure and durable e-scooters. So, if you have decided to open an electric bike hire shop, then you should ensure that you carry out feasibility studies and also market survey. Really Good eBikes offers this Guide free of charge, and we will do anything we can to help you open your own ebike rental business. Use these 5 tips to develop a sustainable marketing plan to reduce your business risk and get new customers that drive more sales faster. The owner has also formed several key partnerships with suppliers and industry experts that will ensure the long term success of the company. Ride On Bikes is the exclusive dealer in a 50 mile radius for GT, Specialized, Kona and Diamondback brands. The shop also has certified mechanics to provide repairs and installations for customers. There are a great variety of electric bikes available worldwide, from electric bikes that only have a small motor to assist the rider’s pedal-power (i.e., pedelecs) to more powerful electric bikes which tend closer to moped-style functionality: all. The E-bike business primary aim is to not only manufacture or lease high quality, fun bikes and e-bikes but to truly embed those bikes into the spirit of the local community. Here are a few key places to get you going. New Hire Press Release – Copy/Paste This Format and Example, 5 Top-Notch Marketing Tips For Businesses To Get New Customers, How to Ask for a Review: 5 Best Strategies for Contacting Customers, Bicycle Manufacturers: GT, Diamondback, Kona and Specialized have granted exclusive distribution rights, Suppliers such as QBP will supply accessories and parts, Washington State University: Student Activities Board and University Security Department, The city of Pullman and the Quad Cities provide places to ride and trail maintenance, Provide high quality service and products to the university and surrounding population, Interact with the universities to provide training and programs for students, Organize regular group rides to meet new people and build customer relationships, The surrounding universities continue to cooperate with marketing initiatives and events, Accounts payable terms with suppliers are net 30, The biking industry continues to grow or remains steady. Find out what the going rate is, and what additional services they might be providing. Businesses that are into electric bike hire services basically engage in renting out their electric bikes to customers. E-bikes can help you attract new customers who might not be able to enjoy traditional bikes due to their fitness level or areas of terrain. Your first order of business will be to get your online affairs in order. Nowadays, several cities are planning for electric prospects, and services are taking the lead in the selection of EV implementation. x��X[o�X~G�?�G��s���H���TmvK�Q,�V�M�Y)�~g$lg�Dی�3����d|����l^����E]g��wv;�U�o���2�d�E��EU�����Mf����dR���p ��?ɂ�Q�����b8��~n�~c����Gx� The primary expenses of an e-bike business are usually staff, rent, maintenance and repairs, and utilities. They will also know the advantages of the e-scooters and the working of the e-scooter rental business which eventually helps you to attract more users. endstream Speak With An Expert adviser about your plan at (647) 725 - 2569, 30 Minute Webinar on Raising Startup Capital, Pro Business Plans Surpasses $4.0 B in Advisory Transactions Globally, Copyright © 1999-2020 Pro Business Plans. Liabilities will be $175,000, plus any bank lines of credit. In the surrounding areas, indirect competition consists of mass retailers, such as Wal-Mart, K-Mart and Shopko. %PDF-1.5 What kind of marketing should I plan to do for my new business, and how much should I budget for it? To make your marketing campaign more fruitful, divide it into two parts. - There could be a few things to consider outside of just purchasing your fleet of eBikes. In addition to this campus, there are three other colleges within the Quad Cities that Ride On Bikes can cater to. For competitive riders, the shop also offers discounts on products and services. There are several challenges that are unique to electric bikes: electric-assisted range, recharging protocol, and bike and battery checkout procedures. Business plan is yet another very important business document that you should not take for granted in the bid to launching your own business.