When I spot something that seems to have potential, I’ll talk about it and share my opinion - and in this case, I think we could be at the beginning of something big…and that is the electric scooter. Add me on Snapchat/Instagram: GPStephan
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So lets start here: what am I talking about. These are electric scooters (such as Bird Scooters, or Lime Scooters) that are placed randomly throughout densely populated cities. If you come across one, you can download the app - scan the barcode, and for only $1, you can activate this electric scooter. After that, it’s generally 15 cents for every minute it’s in use. You can ride it as long as you like, and when you get to your destination or when you’re just done using it, you can drop it off whenever you are and walk away. If you want to find one to ride, you simply go on the app and it’ll show you all the scooters in the area that you can walk to and use.
It’s really such a simple concept that I didn’t fully understand until I tried it. And then I got it. Not only can it get you from point A to B for cheaper than an Uber for nearby distances, but it’s fun. In what seems like an overnight success, these Electric Bird Scooters have dominated LA with an almost cult-like following. Scooter-Company Lime has recently been valued at $1.1 BILLION. Uber recently made a sizable investment in their recent round of funding of $335 MILLION DOLLARS. And Uber intends to promote Lime scooters through their mobile app…a move that gets them one step closer to interstellar domination. Another company, Bird, is doing something similar…just one year old, this Scooter Company is now valued at a whopping $2 billion dollars. In a year.
The appeal to these companies valuation is the network effect, where its core value lies within how many people use it - once it gets large enough, it just becomes self sustainable. Much like Uber pretty much having the monopoly on ride-sharing, there will inevitably be a battle between Scooter companies to see who can gather the largest user base, who can scale the fastest, and who can get their scooters out first in more cities. Whoever comes out ahead will carve and solidify their business in an emerging industry that’s only poised to grow bigger from here.
In the process, this has also created some unique money-making opportunities, much like Uber did with its drivers. With Bird Scooters, you have what’s called “Bird Hunting” - this is like real life Pokemon go where you locate these scooters at night, charge them, and return them back to pre-determined locations…and you get paid $5-$20 per scooter that you find.
I think we should all keep an eye on electric scooters…I think we’re at the very beginning of an industry that has only more room to grow and evolve. And whether or not it’s scooters or something else that eventually crops up, it’s very evident that the mobile renting business model is brilliant. Whether it’s cars, scooters, renting rooms AirBnB, or maybe one day people are renting out their driveway parking spaces, construction tools, or electronics…the sharing culture is only going to grow. So keep an eye on this, I think we can look back at this in 5 years from now and realize that we were there when it first started.
And for all the young entrepreneurs out there - sometimes these simple ideas are often the best. I honestly believe this was just so simple that no one thought of it. We have a natural tendency to overcomplicate things, but besides the legal aspects of actually getting this up and running…the business model is just so, so simple.
For business inquiries or one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
Favorite Credit Cards:
Chase Sapphire Reserve - https://goo.gl/sT68EC
American Express Platinum - https://goo.gl/C9n4e3
Join the private Real Estate Facebook Group:
https://www.facebook.com/groups/therealestatemillionairemastermind/
The Real Estate Agent Academy: Learn how to start and grow your career as a Real Estate Agent to a Six-Figure Income, how to best build your network of clients, expand into luxury markets, and the exact steps I’ve used to grow my business from $0 to over $120 million in sales: https://goo.gl/UFpi4c
So lets start here: what am I talking about. These are electric scooters (such as Bird Scooters, or Lime Scooters) that are placed randomly throughout densely populated cities. If you come across one, you can download the app - scan the barcode, and for only $1, you can activate this electric scooter. After that, it’s generally 15 cents for every minute it’s in use. You can ride it as long as you like, and when you get to your destination or when you’re just done using it, you can drop it off whenever you are and walk away. If you want to find one to ride, you simply go on the app and it’ll show you all the scooters in the area that you can walk to and use.
It’s really such a simple concept that I didn’t fully understand until I tried it. And then I got it. Not only can it get you from point A to B for cheaper than an Uber for nearby distances, but it’s fun. In what seems like an overnight success, these Electric Bird Scooters have dominated LA with an almost cult-like following. Scooter-Company Lime has recently been valued at $1.1 BILLION. Uber recently made a sizable investment in their recent round of funding of $335 MILLION DOLLARS. And Uber intends to promote Lime scooters through their mobile app…a move that gets them one step closer to interstellar domination. Another company, Bird, is doing something similar…just one year old, this Scooter Company is now valued at a whopping $2 billion dollars. In a year.
The appeal to these companies valuation is the network effect, where its core value lies within how many people use it - once it gets large enough, it just becomes self sustainable. Much like Uber pretty much having the monopoly on ride-sharing, there will inevitably be a battle between Scooter companies to see who can gather the largest user base, who can scale the fastest, and who can get their scooters out first in more cities. Whoever comes out ahead will carve and solidify their business in an emerging industry that’s only poised to grow bigger from here.
In the process, this has also created some unique money-making opportunities, much like Uber did with its drivers. With Bird Scooters, you have what’s called “Bird Hunting” - this is like real life Pokemon go where you locate these scooters at night, charge them, and return them back to pre-determined locations…and you get paid $5-$20 per scooter that you find.
I think we should all keep an eye on electric scooters…I think we’re at the very beginning of an industry that has only more room to grow and evolve. And whether or not it’s scooters or something else that eventually crops up, it’s very evident that the mobile renting business model is brilliant. Whether it’s cars, scooters, renting rooms AirBnB, or maybe one day people are renting out their driveway parking spaces, construction tools, or electronics…the sharing culture is only going to grow. So keep an eye on this, I think we can look back at this in 5 years from now and realize that we were there when it first started.
And for all the young entrepreneurs out there - sometimes these simple ideas are often the best. I honestly believe this was just so simple that no one thought of it. We have a natural tendency to overcomplicate things, but besides the legal aspects of actually getting this up and running…the business model is just so, so simple.
For business inquiries or one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at GrahamStephanBusiness @gmail.com
Suggested reading:
The Millionaire Real Estate Agent: http://goo.gl/TPTSVC
Your money or your life: https://goo.gl/fmlaJR
The Millionaire Real Estate Investor: https://goo.gl/sV9xtl
How to Win Friends and Influence People: https://goo.gl/1f3Meq
Think and grow rich: https://goo.gl/SSKlyu
Awaken the giant within: https://goo.gl/niIAEI
The Book on Rental Property Investing: https://goo.gl/qtJqFq
Favorite Credit Cards:
Chase Sapphire Reserve - https://goo.gl/sT68EC
American Express Platinum - https://goo.gl/C9n4e3
not the world becose its iligal in the netherlands
I haven’t used them because I can save money walking
We have them in Omaha and people leave them on sidewalks like a trip hazard
This dude is a sell out.
He needs to disclose how much he's being paid to promote this junk.
Don't buy this SPAC! Failed business model.
how can buy..??
Lol fat chance.. they will get cannibalized for their batteries. or just plain flat out stolen to be resold again after having all the gps crap removed from them. OR (most likely scenario) just break, be broken, before it pays for the cost of the device.. so yeah.. fat chance this business is going to be around for very long.
I do not see how it will make money if there not anywhere to be seen, first they started strong and everywhere, but not in San Diego hardly any around, where did they go???
This is startup garbage that is only meant to make "entrepeneurs" rich with angel investors misguided money. Absolutely unsustainable, stupid, bad for the environment, it's just all bad. And it already died, obviously.
Ok,
First – It’s not just download app, scan and go (maybe Paris only). You need drivers license in US.
Second – it’s not just go wherever you want, there are limitations.
Thirdly – try to have fun in Paris to go one or two miles where traffic in narrow streets might be intense and road would be bumpy. It’s not like LA where all streets are perfect for a ride. So now it’s not that “winning combination”.
Now I’m tired to keep watching your video. In LA I advise to use Lyft scooter guys. Usually it’s so much better quality than lime and Bird
Uber jump bikes are.too pricey
And they will get banned one city at time.
Just rode my first two Lime scooters. Both crap journeys. Neither could get above 7.4 km per hour. The second one faded after 100 metres and wouldn't move? No issue with payment or the battery?
Why not just buy one of your own as there are cheaper ones about and then mod the life out of it and I have to say best thing I ever bought ,amazing but stuck on canal tow path and parks until uk government makes its mind up to make them legal
I hope one day, these scooters take down expensive city parking lots / structures, the ones that charge $20-40 just to park! Say you wanna go to Staples Center, but don't wanna pay $20-30 to park nearby, but you have to drive there. You just find a free parking spot that a lime is sitting around, go to that Lime, and pay Lime instead of parking. Most the time I use Lime, it will only be $4-5 round trip, which I never seen city parking for that cheap. And something like Staples Center, its easy to find parking with 0.5 miles away.
I use Lime to give the middle finger to parking companies wanting to charge $20-40 for parking. I just park for free to the nearest Lime, and pay Lime $2-5 to take me to the venue that charges $20-30 to park. I hope they either lower their prices to be $5 for city parking or just lose their business to Lime.
We just got tier scooters in finland, and voi. But they are expensive
They were in Fresno for a bit, theyre gone now. Idk if they didnt work or was not able to keep em here.
Let's just get rid of drivers, period …they drive bad every day…
🌝🌚🌍🌎🌏
Who came here because they saw tons of those scooters laying in their city?
Now in Auckland NZ
Trying something a little new today, let me know if you want to see more of these business-topics in addition to real estate!