Moving from one place to another to run your errands without a vehicle of your own is difficult and tiresome. This problem is often solved by pre-booking cab services or bike transport services through Uber, Ola or Rapido. On that note, making use of cab services to buy your groceries, or go shopping costs a fortune.
To avoid this from happening, there are several Bike and Car Rental Services which are comparatively cheaper and reasonable. The clientele of Bike or Car Rental Services are huge starting from college students and everyday employees to tourists and many more individuals who may just want to rent a bicycle for cycling. All I am saying is that though there is a growing number of vehicles, there is a growing population who are looking for
affordable Bike or Car Rental Services before they buy their first vehicle. So, the demand for Bike or Car Rental services is increasing.
So, if you’re planning to start a Bike or a Car Rental Business, this is for you. This article provides you with a comprehensive guide to start, manage, and scale your Bike or Car Rental Business.
1. Comprehensive Business Plan:
Business is to build a Comprehensive Business Plan. You shouldn’t skip the task of creating a brief business plan when starting a new company. If you prepare ahead of time by outlining several possibilities and your solutions, it’ll spare you a lot of inconvenience in the course of time. A Bike or a Car Rental business plan is crucial if you want to attract external funding.
An extensive exploration of the business is the goal of a planning process. By forcing you to outline concrete methods and steps you will take to achieve your goals, the right Bike or Car rental business plan aids in making your ambitions a success.
2. Business Description:
Business Description. A Business Description is a brief narration of your products and services to those who visit your Website. It even includesvarious rental plans if any. A perfect business description is a combination of your business goals, and your client deliverables. It actively aligns with your business ideals, and conclusively guides your audience to opt for your products and services.
3. Physical Location:
Step three is to pick an apt physical location for your Bike or Car Rental Business. Ensure there is a prospective market and a need for your business before opening up business and starting up. Majority of Bike or Car Rental Businesses are set up around locations with high
tourist attractions. Apart from that, confirm that your wannabe business location is accessible, economical with a demand for your products and services.
4. Target Audience:
Step four is to focus on your target audience. Without a question, tourists are the primary consumer group for Indian Bike or Car rental companies. In fact, renting bikes to wander is becoming increasingly popular among present vacationers, who are primarily young people, as opposed to renting cars. Moreover, international tourists are more curious,
therefore Indian Bike Rental businesses attract them to increase income.
5. Competitor Analysis:
Step five is competitor analysis, Recognize the calibre of your adversaries and learn about their upsides and downsides. Avoid crowded areas with plenty of retailers unless you are satisfied that your products and services are outstanding. Being close to your competitors,
though, is not a bad thing because it would cut your cost on advertising and provide you more access to customers. By opening a business adjacent to one that is already open, you may show that there is a market for what you are selling.
Step six is where you put in efforts for gaining an audience- Marketing. It is essential to have a consistent marketing approach from the beginning. People seldom stumble across a company that doesn’t use advertising . However, the amount of marketing you do must match how well you can offer your clients. You shouldn’t overpromise and then discover
that you can’t meet expectations.
7. Fix your Budget and Rates:
product or service pricing. Although it should go without saying, you need to know exactly how much money you have to invest in your company. Electric bills, allowances for resources and amenities, and some backup money for unneeded or unforeseen costs are examples of potential purchases.
Most Bike or Car rentals charge per hour, half-day, day, weekend, or week. After researching what local adversaries are billing, choose your price approach. Further, by offering a good deal for day and weekly rentals, the payment mechanism may be created to persuade customers to rent Bikes or Cars for longer durations.
8. Take Your Business Online:
The last and the eighth step is to take your business online. Now, this is a completely different domain. It starts from having an exceptional online presence of Bike or Car Rental Business, to marketing, advertising, building social presence and many more. Taking
your business online will help you scale your business to a totally different level when done right. Having a website and a mobile app for your Bike or Car Rental Business is a complete game changer.
Here are five reasons why your Bike or Car Rental Business must have an online presence:
● Having an online presence through a website for your acts complementary to your physical store. It positions your business online; making it authentic, and reliable.
● Further, having an online presence shows people what you offer and saves your time from bargaining.
● Another advantage is an increased reach of your Bike or Car Rental Business. Your reach is no longer restricted to the location of yourstore. Now that your business is online, everyone who wants to rent a bike or a car can now view your brand online with top-notch CRM.
● Although launching your Bike or Car Rental Business through your website is a good way of promoting your business, launching an app for your Bike or Car Rental Business takes it to the next level. I mean, just like Uber, Oyo or Rapido, you can launch an app where people can rent Bikes or Cars online through your business app.
● And lastly, the opportunity to access and avail your products and services through an app increases the number of users due to its streamlined process. A Bike or Car Rental Business launched through an app coupled with exceptional marketing strategies to authentic social presence drives immense revenue to your business and in no time, you can operate
nationally or globally like Uber, Ola and Zomato.
Developing an app for your business totally upgrades your audience reach. Though it can be difficult, the support it gives to your business makes it worth it. So, hire a mobile app developer that fits your project to upscale your business.
Ioninx is here to guide you through the full app development, web development, and digital marketing. Our knowledge in Web Designing, Web Development, Mobile Application Development, Digital Marketing and many other areas enables us to provide you with the finest service. Speak with our team at Ioninx to see how we can help you stand out from the crowd.
We hope that this blog post addresses your questions about starting a Bike or Car Business. We’d be happy to address your questions about web development, app development and digital marketing.
Do let us know if you found this blog post useful. We’d love to hear from you