Contents:

2 min read

    2 min read

    In this episode, I’m chatting with Guillermo Cornejo of Riders Share, an Airbnb-type service for motorcycle riders. Really excited to share this with you – you’ll learn a ton about the motorcycle industry, Guillermo busts some motorcycle myths for us, and we’ll cover the challenges facing this industry as well.

    Want More Tips? Deliver With DoorDash

    ddlgoDashers receive tips on 97% of their deliveries. DoorDash has a tip button and encourages customers to setup "automatic" tips. Become a dasher here.

    For our San Francisco/Bay Area drivers, if you’re interested in driving for food delivery but don’t have a car, check out Gig Car Share. Insurance is covered, as well – check out Gig Car Share here! Use promo code ITSAGIG to get $15 in credits. *Offer valid until 8/31/2020 11:59 PM PST. for new Members only.

    instacart

    Intro to Guillermo Cornejo

    • Guillermo Cornejo of Riders Share, an Airbnb-type business for motorcycle riders and owners
    • Founder and CEO
    • Has over 10,000 motorcycles on the platform
    • Has raised $2 million in VC funding

    Riders Share

    • Riders Share – can expand into things beyond motorcycles, so the name was long-term thinking
    • Concept has been successful with cars, RVs
    • Motorcycles are an expensive asset, not widely shared
    • First company to launch with an insurance policy for motorcycles

    Renting on Riders Share

    • Can rent a motorcycle around $100 through Riders Share (includes insurance)
    • Exploring new cities on motorcycle – nothing like it!
    • Unique marketplace for consumers
    • Most customers are travelers who rent while traveling

    Future Growth Opportunities

    • Need to have a motorcycle license to get on the platform – limits number of people who can sign up
    • Starting with experienced riders first
    • Opportunity to move into different types of riders depending on safety, risk factors
    • Most brand-new motorcycle owners are older

    Popularity of Motorcycles in the US

    • Scooters, motorcycles, etc. more popular in other countries
    • A lot of people in the US consider their motorcycles as their ‘babies’ – makes sense since they are expensive
    • However, money typically gets people to rent out their motorcycles
    • One owner made 10% ROI by renting out his motorcycle
    • Owners set their own prices – one owner is making over $10,000 a month

    The Future of Riders Share

    • Don’t need millions of riders to be successful
    • Demand-side potential is strong
    • Goal is to be inexpensive enough to encourage people to use motorcycles, get used to them, etc.
    • Opportunity to use highway-approved scooters for delivery, rental

    Outro

    • Big thanks to Guillermo for coming on the podcast!
    • Covered a lot about motorcycles and the business
    • Excited about the progress of Riders Share in the future!
    • Imagine riding a Harley in Hawaii!

    Show Notes

    Harry Campbell

    Harry Campbell

    I'm Harry, the owner and founder of The Rideshare Guy Blog and Podcast. I used to be a full-time engineer but now I'm a rideshare blogger! I write about my experience driving for Uber, Lyft, and other services and my goal is to help drivers earn more money by working smarter, not harder.