Do you want to start a bicycle related business but you want to go niche? If YES, here are 36 best bicycle related business ideas & opportunities for 2020.
Bicycles are predominantly used as a means of transportation, sports and for leisure, and smart entrepreneurs know how to build business ventures around it.
The business opportunities available with bicycles range from low to capital intensive businesses. For example, it is pretty much cheaper to start a mobile bicycle repair business and it is very expensive to set up a bicycle manufacturing/assembling plant or even a wholesale bicycle dealership, bicycle importation and exportation business.
In essence, there are a lot of business opportunities for everybody interested in starting a bicycle related business no matter their financial status. Here are 36 best bicycle related business ideas in the United States of America that an entrepreneur or investor who is serious about making money should choose from.
36 Best Bicycle Business ideas & Opportunities for 2020
- Bicycle Dealership Shop Business
No doubt, there are businesses that someone with little schooling, little training and no serious business background can start. One of such businesses is to open a bicycle dealership shop. The basic things you need to have in place to make success from this type of business is a good location, easy access to wholesale supply of bicycles, bicycle spare parts and good customer service skill.
Generally, if your shop is located in an area with good human and vehicular traffic, and you have stock of different types and sizes of bicycles from different brands, you may not have to struggle to get people to visit your shop and make purchase.
- Bicycle Repair Shop
A bicycle repair shop basically engages in bicycle repair and maintenance services. The basic things you would need to have in place to make success from this type of business is technical training on how to fix bicycles, bicycle repair tool box, a good location, easy access to bicycle spare parts and good customer service skill.
If you have decided to open a bicycle repair shop, then you should ensure that you carry out feasibility studies and also market survey. This will enable you locate the business in an area with good demography of bicycle owners. Please note that in the United States, you would be required to own a license to start this type of business; if it applies to you, be sure to get all the training and documentations needed.
- Mobile Bicycle Repair Business
As long as people use their bicycles regularly, there will always be reasons for them to visit a bicycle repair workshop or hire the services of mobile bicycle repair technicians. This is because you can never rule out wear and tear when a bicycle is in use.
People call bicycle repair mechanics for different reasons; it could be for routine servicing, major repair works, or for refurbishing their bicycles. For whatever reasons; mobile bicycle repair business will always translate to money for the owner of the business.
- Bicycle Courier Services Business
For sure it is challenging to start any business, but one bicycle related business that you can start with little challenges is a bicycle courier service. A bicycle courier business is a business that involves helping your clients deliver goods, documents and parcels et al via bicycle. With this type of business, you can choose to operate from any part of the country as long as there are businesses and people who will patronize your services.
The truth is that, starting a bicycle courier service is a profitable business, it is a very easy business to start and it is not capital intensive when compared to standard courier service companies. Getting the right medium (bicycles) and good tracking devices are the secrets of running a successful bicycle courier business.
- Bicycle Powder Coating Shop
Powder coating is what is used in the painting of bicycles to give old bicycles a new look. If you intend starting your own bicycle powder coating business, then you must take out time to learn the trade because it takes creativity and attention to details to make it big in this line of business.
In launching this type of business, you would need a powder coating spray booth with adequate ventilation, exhaust ducts, spray guns, a curing oven, work benches and vices, IR Curing Lamps, Performance Deflector, a Tub and an area big enough for drying the objects coated. You can readily get all of the equipment from the market or order them online.
- Open a Cycling School (Teach People to Ride Bicycle)
Year in year out pre – teens and teens and even adults alike who don’t know how to ride bicycle approach cycling schools to learn how to ride a bicycle. If you are looking for a steady source of income from a bicycle related business, then one of your options is to open a cycling school; a place where you can teach people how to ride bicycles.
It is important to state the before starting a cycling school, you will be required to obtain a license, permit and approval from the appropriate authority in your country. Aside from the little stress involved in securing approval, permit and license, it could be fun teaching people how to ride bicycles especially if cycling is one of your hobbies.
- Sale of Bicycle Spare Parts
As long as people still use bicycles on our roads, bicycle spare parts will continue to be in demand. Bicycle spare parts business is indeed a profitable business because the replacement of damaged or worn – out bicycle parts is compulsory if you want your bicycle to continue to be on the road and serve the purpose you bought it for.
Although you don’t need a college degree to establish your own bicycle spare parts store, but you would need some form of informal training, you might have to work as an apprentice with someone who owns a bicycle spare parts store. It makes it easier for you to learn the ropes on how to manage your own bicycle spare parts store.
- Open an Online Bicycle Store
If you are interested in starting a bicycle dealership business and you don’t have enough space to display the bicycles, then one of your options is to start an online bicycle selling business. The advent of the internet has made it possible for people to purchase anything from an online shop and they will get it delivered to them without stress. Online bicycle store business is cheaper to run when compared to opening a brick and mortar bicycle dealership business.
- Start a Bicycle Rental Service
Starting a rental business is one of the easiest ways to start out as an entrepreneur especially if you can’t afford to go through the challenges involve in starting a capital-intensive business. So, if you live around any location where people either cycle for fun or for sports, then you should consider starting your own bicycle rental business.
The truth is that you can make cool cash from this line of business with little effort if you are well positioned. Bicycle rental business may be restricted to certain locations within the United States of America, which is why before starting this type of business, you must ensure that you are in a place where this type of business thrives because there are locations where you won’t get people to rent your bicycle.
- Bicycle Tires Manufacturing Business
No bicycle can move without tire and rims. It goes to show that there is a large market for bicycle tires and rims. It is fact that there is hardly any city in the world where you won’t find bicycles which is why the sale of bicycle tires and rims is highly thriving.
If you are considering starting a bicycle related business in the United States of America, you should look towards setting up a bicycle tire and rim manufacturing factory. Although it is a capital – intensive business but at the same it is profitable.
- Bicycle Spare Parts Manufacturing Business
Bicycles are subjected to wear and tear hence the need for replacement of worn out parts. If you have the financial capacity and good business skills, then you should consider starting your own bicycle spare parts manufacturing business.
It is not a must that you should produce all the parts of a bicycle, you can choose to specialize only in the manufacturing of brake strings and pads for different bicycle brands and models and you will enjoy a huge patronage.
The bottom line is to conduct a thorough market survey and feasibility studies; it will help you identify the parts in a bicycle that usually wears out and is in high demand in the market. That will help you choose the spare parts to specialize in.
- Bicycle Protective Gears and Accessories Manufacturing Business
There is a large market for safety gadgets/bicycle protective gears and accessories such as helmets, overalls, protective goggles, safety shoes, safety vest (bib), and chin guard et al. If you are considering starting this type of business, then you must be willing to work with the standard specifications of the regulatory bodies in the industry.
It is capital – intensive to start a bicycle protective gears and accessories manufacturing business and at the same time it is a profitable venture to go into. But it is advisable to conduct a thorough market survey and feasibility studies before starting this type of business; it will help you to identify your own market.
- Start a Cycling Club for Kids
Starting a cycling club for kids is yet another best bicycle related business idea that an entrepreneur can start. You can start a program/club with the aim of catching future cyclists from an early age. Just ensure that you create cycling events with the aim of teaching kids the rudiments of cycling.
You can target schools and get parents to enroll their wards in your cycling kids club. You will be required to register the business and obtain a license before you can be permitted to operate this type of business.
There are loads of people who can’t afford brand new bicycles and accessories hence the need to go for fairly used. If you know how to source for fairly used bicycles and accessories, you can make huge money by starting your consignment business especially if the business is located in low income areas. Just ensure that you have different types and sizes of fairly used bicycles and accessories and your store is strategically located.
- Start a Professional Cycling Club
Cycling is one sport that people compete in at major sporting events. If you are looking towards starting a bicycle related business, then you should consider starting a professional cycling club. A cycling club that is specifically design for professionals or aspiring professional cyclists who want to compete at different types of competitions.
- Start a Bicycle Manufacturing and Assembling Plant
If you have the financial capacity and of course business exposure, then one of the bicycle related business that you can launch is to go full swing into the manufacturing of bicycles. Bicycle manufacturing plants primarily engage in the production of different types of brand – new bicycles, bicycle parts and accessories.
A good number of bicycle production plants that operate showrooms also provide repair and maintenance services. This is one of the biggest and most profitable bicycle related businesses you can go into, but you must be ready to explore international markets by exporting your bicycles and accessories if indeed you want to maximize profits in this business.
- Start Bicycle Wholesale Business
If you want to play it big when starting a bicycle related business but you don’t have the capacity to go in to the production of bicycles and accessories, then one of your best options is to go into bicycle wholesale business; a business that engages in the importation of different types of bicycles from different countries and then distributing them to bicycle dealership shops all across the United States of America.
This is indeed a profitable business venture, but you must be able to build good business relationship with bicycle manufacturers and also build robust business networks with bicycle dealership shops all across the country.
- Open a Bicycle Specialty Shop
It is one thing to go into the sale of bicycles but a different kettle of fish to choose a niche in this line of business. One of the niche ideas you should leverage on if you want to start a bicycle related business is to open a bicycle specialty shop; a shop where you will only retail specialty bicycles such as Mountain bicycles, Sports bicycles, Hybrid/cross bicycles, bicycles for disabled people and other specialty bicycles. Please note that if you want to maximize profits from this business, then you must be willing to provide after sales services such as repair and maintenance.
- Organize Cycling Competitions Amongst Schools
Organizing cycling competitions amongst High School or College students within your region or state is yet another interesting bicycle related business that an entrepreneur with good organizing skills can do.
All you need to do is to sell your idea to the management of high schools and colleges within your target area and of course, you would to also sell the idea to corporate organizations (preferably bicycle manufacturers or dealership shops) who are likely going to sponsor such competition. The truth is that if you hardworking, you are likely going to get mouth – watering sponsorship deals.
- Open a Bicycle Museum
Opening a museum dedicated to cycling is yet another interesting business that an aspiring entrepreneur can start. This business concept might be very green, you can be rest assured to have loads of visitors traveling from far and wide to visit your museum if you have robust bicycle artifacts or if you are able to gather stuffs that portray the history of bicycles and cyclists.
So, if you are looking for a bicycle related business to start, then one of your best bet is to look towards launching a bicycle museum.
- Start a Bicycle/Cyclist Based Magazine
If you are a trained journalist, one of the bicycle cum cyclist related business that you can decide to start is a bicycle/cyclist-based magazine and catalog. The percentage of people who read cyclist news or care about checking out new bicycles or trends are more especially in the United States and they are enough to help your business breakeven no matter the part of the world that you are located in.
Please note that in order to maximize profits from this business, you must be highly creative and innovative with your magazine if you want to attract advertising deals and robust readership base.
- Start a Cycling Reality Show
Another interesting bicycle related business that an aspiring entrepreneur can consider starting is organizing cycling reality show. If you are an event organizer and also a cycling enthusiast, then you can consider starting your own cycling reality show.
If the program is well organized and you are able to secure good sponsorship, then the reality show will likely become an annual show if you want it to be so. You are sure going to make good money from this business venture if the reality show is well packaged.
- Start a Cycling Clinic
On a yearly basis the fan base for cycling is on the increase and there are loads of countries who are yet to join the flow despite cycling being consider as one of the most popular sports in the world. If you are in a county where cycling is relegated to the background, you can start a cycling clinic and attract children of school age.
If you are a good organizer, and you are able to attract sponsorship and endorsement from well – known cyclists and key establishment in both the private and public sector, you can move your cycling clinic from one city to another in a bid to get people to start loving and competing at cycling competitions.
- Start a Bicycle cum Cycling Marketing, Branding and Promotion Company
If you are a professional marketer, you can start a marketing company that is specialized in bicycle and cycling marketing. You can market and promote cycling events and bicycle wares or anything related to bicycles and cycling for concerned organizations.
It is a cool way of making good money with little investment. For example, you can help a company who are into manufacturing of bicycles and accessories market and promote their new products and you are sure going to make money as long as the products sale.
- Open Children’s Bicycle Store
Opening a store where only children’s bicycles will be retailed is yet another thriving bicycle related business idea that an entrepreneur can successfully start in the United States. A children’s bicycle store is one of the businesses that you can start and that is not seasonal; a place where parents can purchase children bicycles, walkers and related stuffs from.
The truth is that starting a children’s bicycle shop is less stressful and it is indeed a profitable venture if the business is strategically located and well managed. This type of business requires moderate capital to set it up and it doesn’t require any technical skill; if you are good with marketing and sales and you have eyes for quality stuff, you will do pretty well with this type of business.
- Organize Trade Fairs for Bicycle Dealers
Another bicycle related business that an aspiring entrepreneur who is good at organizing events can start is to go into organizing trade fairs for bicycle dealers. The truth is that a good number of bicycle dealers will gladly register for your trade fair because they stand the chance of selling more of their bicycles and accessories in a trade fair then they would ordinarily sell in their store.
- Start Tire Inflation and Repair Services for Bicycles
Starting a tire inflation and repair services for bicycle owners is yet another bicycle related business idea that an aspiring entrepreneur can start. Those that are involved in tire inflation and repair services for bicycle owners ensure that their tyres meet the required standard. Although most bicycle owners have their own pump, but when their tires (tubes) burst, they will need a professional to patch it for them and that is where tire inflation and repair services come in.
- Start Bicycle Locksmith Business
Bicycle locksmith business is yet another profitable bicycle related business that an entrepreneur should consider starting. A bicycle locksmith business is indeed a profitable venture to start but you must first acquire the required training, and then work as an apprentice for a while, before applying for a locksmith license.
Although, a bicycle locksmith business is considered to be a small – scale business, but it is regulated by the government to ensure that criminal elements in the society don’t take advantage of people especially when they park their bicycles in public facilities.
- Start Refurbishing and Recycling of Bicycles
The fact that some people might not be able to afford brand new bicycles when they need it means that they will always opt for the available options which is why refurbished and recycled bicycles are selling fast. So, if you are looking towards starting a bicycle related business, then one of your options is to go into the refurbishing and recycling of bicycles. Just ensure that you know how to get used and worn out bicycles and you will do just fine with the business.
- Open a Bicycle Customizing and Branding Shop
Another profitable bicycle related business that an aspiring entrepreneur can start in the United States of America and still make cool cash from is to open a bicycle customizing and branding shop. It is a norm for cyclists who belong to a team to use not just same brand of bicycles but also same colors and designs just for uniformity sake. Aside from that, some bicycle owners might just want to stand-out by customizing their own bicycles and they will readily find your shop helpful in achieving their desires.
- Start Supplying Raw Materials Needed in the Production of Bicycles
Supplying raw materials used in the production of bicycles is yet another thriving and profitable bicycle related business that is open to someone who is already into the supply of raw materials. All you need to do to get the business started is to locate a bicycle manufacturing and assembling plant, enquire from them the raw materials they would need, source for the raw material and then supply the raw material as required. It is one cool way of smiling to the bank as an entrepreneur.
- Start the Sale of Bicycle Tool Box and Puncture Repair Kit
Another bicycle related business that an entrepreneur can start in the United States of America is the sale of bicycle tool box and puncture repair kit. There are specialized bicycle tools for use both in the shop and on the road.
These may include a tire patch kit (which, in turn, may contain any combination of a hand pump or CO2 Pump, tire levers, spare tubes, self-adhesive patches, or tube-patching material, an adhesive, a piece of sandpaper or a metal grater (for roughing the tube surface to be patched), Special, thin wrenches are often required for maintaining various screw fastened parts, specifically, the frequently lubricated ball-bearing “cones”. and sometimes even a block of French chalk.), wrenches, hex keys, screwdrivers, and a chain tool.
- Start a Bicycle Sharing Business
A bicycle-sharing system, public bicycle system, or bike-share scheme, is a service in which bicycles are made available for shared use to individuals on a short – term basis for a price or free. Many bike share systems allow people to borrow a bike from a “dock” and return it at another dock belonging to the same system.
Docks are special bike racks that lock the bike, and only release it by computer control. The user enters payment information, and the computer unlocks a bike. The user returns the bike by placing it in the dock, which locks it in place. Other systems are dock – less. For many systems, smartphone mapping apps show nearby available bikes and open docks.
- Start Bicycle Advertisement Business
Second and third generation schemes in the 90s prominently include advertisement on the wheels or frames of bicycles. Other schemes are completely branded according to a sponsor, notable example London’s bike share which was originally branded and sponsored by Barclays Bank and subsequently by Santander UK. It is indeed a cool way of making money.
- Start the Manufacturing of Bicycle Suspension
Starting a bicycle suspension manufacturing business is yet another bicycle related business that can be started in the United States of America. Bicycle suspension refers to the system or systems used to suspend the rider and all or parts of the bicycle. This serves two purposes: to keep the wheels in continuous contact with the ground, improving control, and to isolate the rider and luggage from jarring due to rough surfaces, improving comfort.
Bicycle suspensions are used primarily on mountain bicycles, but are also common on hybrid bicycles, as they can help deal with problematic vibration from poor surfaces. Suspension is especially important on recumbent bicycles, since while an upright, a bicycle rider can stand on the pedals to achieve some of the benefits of suspension, a recumbent rider cannot.
There you have it, 36 bicycle related business ideas that an aspiring entrepreneur who is interested in starting a business in the United States of America can choose from.
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