Share Economy: Make Money through Bike Rentals

Do you want to gain more from your bike? Renting it out to tourist or locals who want to move around your place is a great start for a side hustle.

Thanks to peer-to-peer rentals, our bikes left used will now finally generate income. List your bike to the website like Spinlister. And it will connect you to cycling enthusiast of the world.

It is good to know that there are many sites emerging in the industry. Each one aims to open their services to the sharing economy.

Few bike-sharing businesses you can consider listing your bike for rent.

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Option #1: Twisted Road

Another company who has the concept like Airbnb but this is for bikes. They make renters lives much easier. As payments and other essential works for rental are managed by their team.

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Option #2: Spinlister

Launched in 2012. It was created as a peer to peer bike rental platform. This aims to connect to cyclers and help the environment. Yet, later on, to promote the concept of “sharing economy”.

It offers help to walk-in rentals, online bookings and vendor programs. Also, they provide rental options to their community.

You will set your rental price in an hourly, daily or weekly basis. They will get a cut of 17.5% from your earnings.

Visit their website to learn more.

Option #3: Spokefly

A bike rental service that offers convenience to the riding public. It opens an opportunity for people who are not using their bikes and wishes to rent these out to others. Using the Spokefly’s apps (both available in iOS and Android), renters can just check in. And sign up for subscription service that fits their need.

The company sets the price. You will get $0.15 per minute and $45 a day is the most.

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Photo by Pixabay on Pexels.com

Option #4: CyclingBoom

A peer to peer bike sharing program that benefits the renter and the borrower. A platform developed for the cyclist with a spare bike to share with the community. The age of the bike will not matter, so even if it is quite old but safe to use, it can be listed and be rented out.

Also, they open up opportunities for anyone looking for a bike to ride while moving around the city. The good thing about it is for someone who doesn’t have a bike sharing plan, they can still able to borrow and enjoy the ride.

The owners will set the price of the rental.

It is so easy to rent out your bikes on these platforms. All you need to do is post your bike. Wait for the potential borrower to request for it for a given date and time. Then, after using, they return the bike and you’ll get paid.

Spokefly and Spinlister offer protection to your bike against damages or if it will be stolen.

These are a few of the companies that you can choose from. To learn more, click here.

Takeaway

Bike rental business is another way to get extra cash. It is even more interesting since you will be getting the most the bike you no longer ride. Before involving ourselves in this income-generating activities, take time to learn. This is important prior to you jumping into a decision. For us, it is a good way to take off an entrepreneurial plan, how about you? What do you think?

RESOURCES

All the Stuff You Can Rent Out to Earn Extra Cash

P2P bike sharing program

Spinlister

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