I was reading a book recently which mentioned not more than 50% of ones cash flows should be from salaries. I was shocked reading that.
For most of us, cash flows are limited to salaries + limited returns on mutual funds/shares. But that’s not a reliable source nor a monthly cash flow.
This has been eating my brain for some time and I wanted to see how can we solve this problem at scale. What is that thing which anyone can do without being involved on a day to day basis, which is not risky and has unlimited demand.
Finally, we landed on this old idea of ours through which we scaled luxury motorcycle rentals back in the days. We made tweaks to this idea and here is the proposition:
People get to list their existing 2 wheelers on Bounce for duration based rentals and earn from it.
People can also buy used scooters through Bounce and list these scooters.
These bikes would be rented on duration based and it would not be under pick up anywhere and drop anywhere model of Bounce yellow scooters.
In case you are busy or don’t want the headache of managing the transactions, we will assign a Kirana partner who will take care of your operations and get paid a small commission for the same.
More about the model:
a) Buy used scooters and rent: We have ready to rent scooters starting at Rs. 18000. Typically monthly rentals do > Rs 2500 - Rs. 4000 and you get to make more for short term rentals starting from few hours to few days.
b) Renting existing scooters: You could also choose to rent your existing 2 wheelers when you are not using it. The bikes would come back to you after the rental.
In case you are interested to know more, do fill this form and we will get back to you and help you start earning in a safe addition to your existing cash flows.
https://forms.gle/VWXrzmXyZb7auixK8