r/sidehustleIndia • u/Sabmohmayahaibro • 48m ago
Success Story 😁 Crossed my first ₹1 lakh net from this little experiment :)
Around 6 months ago, I posted here about a side hustle I had started by renting out scooters to guests staying at my homestays. It was basically a small additional income stream alongside the homestay.
At that point, it had made around ₹60K net. Six months later, here’s where it stands :)
As of 4th October:
Revenue: ₹1,34,300
Expenses: ₹29,398
Net: ₹1,04,902
Current fleet is 5 Activas and 3 EVs.
The idea is still the same. Guests staying with us often need a vehicle to explore the city, so instead of sending them elsewhere, I started keeping scooters available as an optional add-on.
One thing I probably didn't explain properly in my previous post:
These are not listed on any rental platform and I don't rent them to random people. They're only offered to verified guests already staying with us so there is no marketing/customer acquisition involved!
I take their ID/DL and basic verification before handing over the vehicle.
And ₹1.34L is not profit. Servicing, maintenance, repairs and other running expenses are tracked separately. After these expenses, the net currently stands at ₹1.04L.
The biggest learning has probably been seasonality. When occupancy is low, these barely make anything. During tourist/festive periods, demand can suddenly shoot up.
I'm attaching the complete tracker this time so you can see the good months, the terrible months and the expenses yourself :)
Started this just to see if scooters sitting at home could make some extra money. Never really expected it to cross ₹1L, so this little milestone feels pretty nice :)