How to Give My Bike on Rent? A Step by Step Guide in 2019

If you are reading this blog, we are quite sure that there is a business in your mind or you are looking for a nice investment.

In 2019, it is fairly easy to give your bikes on rent than it happened to be a couple of years ago. Keep on reading and we shall show you how to run your bike rental business in a way which brings fortune for you. We are already doing it with our 600+ partners across India.

You may ask why only bike rental? I can invest my money in a mutual fund or stocks and easily get 10 to 25 percent return over time.

It may be true in some cases, but generally, people tend to lose money in stocks. Even if you manage to get a 25% return, it won’t help you out to make a living to upgrade your lifestyle.

Here comes the business of Bike Rental. Thanks to the Bike Rental Startups that have constantly worked to organize and grow the industry.

The average return on a bike renting business in 2019 is a whopping 200% or more (YOY)

Which means that even if you start smaller, you can run a 100+ bikes business within a couple of years. The demand for rental bikes has been continuously increasing, especially on weekends and holidays. Not convinced? Visit any bike rental shop in your city, and see yourself.

So here is how to start your bike rental in your city

• Lookup for a place which is easily accessible by the people and has vicinity with Metro Stations, Bus Stops, etc. Normally you shall just need a parking space.
• Apply for a License under Bike Renting Scheme 1997. Normally the RTO should approve your application within 15 days, which is the maximum time limit for granting the license for bike rentals.
• Once you get the license, it’s time to buy bikes. You shall need to buy 5 bikes in minimum, which is a statutory requirement.
• Once all is set up, it’s time to promote your business.

It is not always possible to start the business in full due to job and time restraints. If this is the case with you, contact us, and we shall help you out to give your bike on rent.

Need a bike for rent for just a few hours? Why pay more, just rent a bike on an hourly basis. Have bigger plans? Rent on daily basis. And the most interesting thing, unlike others we don’t count a day of 12 hrs or as we wish. We know that a day has 24 hours and we rent you the bike for full 1 day for the price you pay. Thinking to rent a bike for weeks and have that pricing too. For long term rentals, also consider our monthly pricing bike rents.

Secure Payment –

We are 100% SSL secure and you make payment with top rated payment services in the industry. Further, we do not take your card details anytime.

Low Security Deposits -

We keep them low, so that you don’t have to carry on with bulky pockets and deal in cash of large amount.

Offers-

We love to give them. Take advantage of RenTrip wallet and rent bikes with discounted rates always. Our regular customers always rent for less.

You can also list your bike on RenTrip and earn decent money by renting them online.

Rentrip is a leading motorbike rental company that offers a diversified and exceptional range of two wheelers on rent. https://www.rentrip.in/