Bike Rental Mobile App Development

 What Are Bike Rental Mobile Apps?

The functioning of the motorbike rental apps is quite simple and similar to the taxi booking app. All a user has to do is look for the most suitable app for them on the Play Store or the App Store and install it from there.

Once the app is saved, they have to make their individual accounts by registering themselves with the application and saving their personal details. This helps the user save information like their location and the payment details. After they are done entering all their details, they can check the bikes available in proximity and select one according to their preferences. All the information entered o the app helps them get an estimate of the amount they would have to spend on a rental bike.

Further, they can either select it and go ahead with their bike ride or look for other options available in the mobile app.

Benefits Of A Bike Rental Mobile App Development

These applications are not only benefitting the users and the customers who are availing the services but are also of extreme importance to the motorbike owners. Let’s take a look at them individually.

For Customers

  • Users can make easy bookings through the app in just a few clicks.
  • A bike can be rented at a low cost. Since they have to option of looking up and comparing the prices, they get the benefit of choosing the bike according to their budget.
  • The bikers can avoid the traffic and reach their destination on time with the help of the rented bike.
  • These apps are GPS enabled which allows the users to look for the bike easily.
  • Customers can avail of the promotions offered by the app as a result of their loyalty towards the app.
  • Billings and payments are made easy with the help of the app as these have integrated payment methods like digital wallets, credit-debit card payment among others.

For Bike Owners

  • They can use their bikes to the full capacity by putting them up for renting on one of the bike renting apps.
  • All the maintenance costs of the motorbike will be covered by some part of the revenue earned through it.
  • The motorcycle owners can manage their bookings with the help of the dashboard available on the app. This gives them insight into the real-time analytics of their performance.
  • It can easily be put up for rent and it is easy money earned for the bike owners.
  • The bike owners can lure their users by putting up discounted and promotional prices.

How Do The Bike Rental Apps Work?

There are two important models of motorbike rental apps – the aggregator model and the self-owned. Take a look at these two in detail:

1. Aggregator Model

This one provides a platform for all single bike owners and the private bike companies who need an online platform for putting up their bikes on rent. The two parties enter an agreement, wherein, the bike owners or the owners of rental shops agree to pay some amount to the app owners in exchange for showing their cycle on the site.

2. Self-Owned Fleet

Under this model, a single person or the owner of a bike fleet has to invest a large sum of money and get an app made for putting up his inventory on rent. This is usually set up by a person who has a fleet of bikes and would like to rent it out to people on an hourly basis in exchange for money. Startups might consider this option as they have to incur a limited budget on getting the app developed and the business is easily manageable. This happens because the bike owners have complete control over the bikes and the app bookings.

Monetization Opportunities in Motorcycle Rental Apps

Making money through an app is the ultimate goal of all apps, however, how well the app will perform totally depends upon the likeability of the users. Well, there are several ways the app owners can earn through an app. These can either be direct ways of making money or indirect revenue. Take a look at the monetization opportunities for app owners of bike rental applications.

1. Advertisements

This is one of the easiest and common ways of earning revenue. It allows third parties to come in contact with the app owners and buy space on their app for promoting their brand and products. To thrive in the competition and make free-flowing money, it is very essential to take up third party promotions. It is important to have collaborations with various brands and products and promote them on your platform in exchange for money. The app owners can charge the third parties for the amount of time their ad is displayed on the app or the other way of charging them money is through the cost-per-click or cost-per-mile method.

2. Commissions

Each booking made under the aggregator model helps in generating a certain amount of revenue for the app owners. This is a free-flowing income that comes in with the help of the bike owners that allow the app owners to charge a fixed percentage of each ride to the bike owners. The users or call them the customers, are also supposed to pay a service fee to the app owners for using their services. This is a hidden cost, which is normally covered in the final amount displayed on the screens of the users. Also, there is a cancelation fee that is charged from the users who make a booking and cancel it before availing the service.

2. Subscription-Based Model

Bike rental apps can generate revenue through a subscription-based model, where users pay a regular fee for unlimited or tiered access. This provides a steady income stream, encourages frequent use, and fosters customer loyalty. This model also allows for predictable revenue forecasting, aiding in business sustainability and growth.

3. In-App Purchases

Motorcycle rental apps can offer in-app purchases to generate revenue by providing additional features or services to their users for a fee. This can include things like premium membership options, Rent bike accessories, or promotional offers from partner businesses. By providing added value to their users, bike rental apps can increase engagement and revenue opportunities.

4. Referral Programs

Bike rental apps can earn money through referral programs by offering existing users incentives, such as discounts or free rides, for referring new users to the app. This encourages users to share the app with their friends and family, helping the app to gain more users and increase revenue through increased rentals.

5. Data Monetization

One way for motorbike rental apps to generate additional revenue is through data monetization. This involves gathering and analyzing user data to create valuable insights that can be sold to businesses, advertisers, and marketers for research and targeted advertising purposes. By providing these insights, the app can create a new revenue stream while businesses can benefit from the valuable data to make informed decisions.

Attributes Of A Successful Motorcycle Rental Mobile App

A bike rental app can only perform well if it has been integrated with special attributes that help users make better and faster decisions. Now, we are going to throw light upon some of these attributes required in such apps:

1. Self-intuitive user Interface

A bike rental app should have a user-friendly interface, which is easy to understand and operate. Users should be able to comprehend it easily and be able to use it without any help or assistance. This will enhance the experience and make the app more likable.

2. Compatible prices

These apps are very reasonable as they don’t charge the extra amount from the users. All it earns is through commissions and advertisements and do not charge anything extra form the users.

3. Provides a wide range to hire

It is more likely to hire several people for various roles, hence, giving a boost the employment.

4. Live chat & call support

The app offers a customer support system in the form of online calls and chat. Users can easily get in touch with the support team without having to make calls and dialing numbers on their cell phones.

5. Bike owner and customer authentication

Each user has to provide some sort of his photo identity proof to the app so that that person’s profile appears to be authentic. Similarly, the bike owners have to do the same to build trust in the app and work as a team.

6. Bike insurance management

If at any point any damage happens to the bike, it should be covered under insurance, so that the claim can be made immediately.

7. On-time bike repair management

Another attribute that helps in making these apps success is the complete management of its repair on the time when needed.

8. Friendly cancellation and refund policy

Why would someone like to rent a bike which does not allow the users to cancel the ride if an emergency situation arises? Well, that would irk anyone. Therefore, an attribute that contributes to the success of these apps is that it should allow the users to cancel their rides at any time by informing the bike owners prior to cancelling it and the refund should immediately be processed.

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