How to open your own bike shop?, Eco-friendly Transportation

Satisfaction, Passion and Opportunities

Nowadays the use of bicycles is promoted because in addition to being a profitable business, the truth is that they allow the saving of money and provide a choice of physical activity to people for their displacement in the daily activities carried out. In addition, bicycles make up a means of ecological transport, as their operation does not provide any emission factor of pollutant gases that would compromise the health of planet Earth.

On the other hand, another of the situations that gives way to the emerging of this type of means of transport, are the economic crises that sometimes are based on the elevation of products and key elements for human life by what the population is affected in  elevated ways which can be costs for fuel for vehicles, as well as other costs comprising by this means of transport, such as permits, insurance and others. For these and some more reasons,  to open a business of bicycles can be a profitable business you’re looking for, as it allows you to join this market even if you don’t have experience, but the desire to learn and take it as a challenge that benefits and improves the world  presently.

If you like the sports world, especially in cycling, your business may be as successful as your steps, then certainly this type of business offers dynamic and satisfaction, since while you increase your income, you have the possibility to benefit from key aspects that hosts the world today, such as environmental pollution, sedentary lifestyle and suffering from diseases and even the economic crisis.

Steps to Open your Own Bike Shop

To carry out efficiently this business, it is necessary to have the following aspects into account:

The Cost of Investment:

In the first instance, it is necessary that you determine the conditions and the size of the space in which you will set up the business, as well as the material with which you are going to supply the establishment, tools, staff and others, as these topics give you an idea of the total cost required for the investment of the bicycle shop.

Location:

You should focus on finding the best place to locate your business, since this factor is could determine the success or failure in terms of its operation. Some of the recommendations and tasks that you should take into account are the following:

-Performs an analysis of the population in which you want to install the business, determine their preferences and thus look for catering of  individual needs.

-Begin with a not so great location. You’re starting, so you need a comfortable space with items necessary to start. With the  time and the growth of the business, you will be prompted to expand the space and at this point, you can do so. You don’t want to rent a large space with lush costs starting, for it will be probably not comfortable and affordable  paying.

-The demand of tourists is a factor that you should take into account for your business, be aware of this, because many want to visit cities and know them comfortably and travel to places they want to, so this offer of bikes could be an option most sought by them. It is desirable that you have a space in the open air. Therefore, this is a key, since besides people wanting to see more about the bikes and measure them, it would be likely they  want to mount them and test them, so this space will be very useful, as it allows a rapprochement with the product by the interested parties.

-With the time, it is likely that you notice that it will be necessary to include a number of products in the business without leaving the area in which you trade. This means that, you should decide, you can supply business with apparel for sport, accessories, tools and others, so you will have to have in addition this space and the location in counters for them. Can you include or not a maintenance area. This is a workshop where you can try repairs to bicycles, this is an extra factor to increase earnings and revenue.

The profile of customers: In many cases, the profile of customers is focused on athletes, those who practice regularly this sport, and so on.  However, families are also another type of customers entering the market, because usually the idea out to bike path is an activity that attracts attention to enjoy specially during the weekends and on holidays.

Possible problems: It is a mistake, especially for new entrepreneurs in this area in particular, to think that business will be profitable sooner with the purchase of a considerable number of bicycles. How ever,  it is possible to start the business with few of them and divide the investment in other important areas like the location area, of this products you want to sell.  

Keys: For enhance the sale of bicycles and other products that you have within the same local, it is crucial to run advertising strategies to potential customers, using different types of promotion that exist. I recommend you also perform a business plan where to include what we have already seen in addition to the material required, objectives, marketing strategies, among other fundamental aspects for the growth process. Don’t forget that the place which you organize and the way it looks is decisive as what you will build in the best way with hard work and perseverance, get in a good mood in this new business that you are about to start.

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