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Old 07-13-2006, 07:42 PM   #1 (permalink)
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Greetings.

I recently put some items up for sale around a local college, and I noticed that I've recieved more calls about my bike than everything else combined. It leads me to think that alot of money could be made with the high demand:

In one instance, you could sell used or discounted bikes, acquired by whatever means are convenient to you: wholesale, resale, etc.

In another instance, you could purchase a set of new bikes and rent them out. Simply take a deposit from the renter, and let them go. Over the course of the year, the renter will probably spend the same amount as a new bike in the first place.

What do you think of this? Do you have any suggestions for opening a business like this?

Thanks
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Old 07-13-2006, 08:07 PM   #2 (permalink)
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As long as the area you are renting in has high foot traffic, you should do great. Tourist hotspots, student hotspots, busy cities would be ideal. If I were to pick one location, I would do the city with daily rentals. Most of the people in the DC metro area commute to the city by Metro (public transit system) . Many of them still have a hike to get to their final destination. A small percentage bring their bikes with them, but that must be a pain. You could even lease them out to frequent users. The main selling point would be that they don't have to lug around a bike on the metro.

Pick one up when you get off the Metro, and drop it off when you get on.

Let us know if it works out.
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Old 07-14-2006, 04:50 PM   #3 (permalink)
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How will you prevent theft?
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Old 07-14-2006, 05:01 PM   #4 (permalink)
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Take a deposit and Driver's License info.
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