Timed Travel

Ever been to a city with those loaner bicycles? What if a company rented automobiles that way?
Magazine Contributor
3 min read

This story appears in the June 2001 issue of Entrepreneur. Subscribe »

What: Rent cars by the hour
Who: Robin Chase of Zipcar
Where: Cambridge, Massachusetts
When: Started in 2000
Wallet: Projected $1.5 million sales for 2001

A man looks around a parking lot, spots a green Volkswagen Bug, walks up to it and magically unlocks the door by placing a special card on the windshield. He slips in, and off he goes.

A high-tech car thief? No, just a Zipcar customer.

Robin Chase, 42, co-founded the car-sharing company in January 2000 and rolled out its unique member-based service six months later. Since then, the company's taken the Boston area by storm. It's no wonder: Members can use their rented cars for as long as they want-even if it's just an hour-as long as they return them to designated spots by the time indicated on their reservations. They can charge gas on their handy gas card (billed directly to Zipcar) and don't have to worry about insurance (it's taken care of with a refundable insurance security deposit).

"The only real criteria [for a potentially successful market] is that customers live in a densely populated area and don't need a car every day," Chase says.

Customers pay a $25 application fee and a $75 annual fee to become members. Once they're signed up, rates are $4.50 an hour and 40 cents a mile to use cars from a fleet that consists of Volkswagen Beetles, Golf Hatchbacks, Jettas and Passat Wagons.

Members can reserve the vehicles of their choice online as much as two months in advance. The most frequent time users reserve cars for is two to four hours. Zipcar charges all fees to the member's
credit card at the end of each month.

The company's fan base is growing every day-600 members and 35 cars so far-and, at press time, Chase planned to open Zipcar in Washington, DC, by late spring.

Simply Ducky

What: Ducks with famous faces
Who: Craig Wolfe of Celebriducks
Where: San Rafael, California
When: Started in 1998
Wallet: Projected $1 million sales for 2001

Imagine swimming with Betty Boop, James Brown or the Three Stooges. Now bathers finally can, with Celebriducks, which sells a line of collectible rubber ducks resembling some of history's most famous faces.

For Craig Wolfe, 48, the company's president and CEO, what began as an "amusing idea" in 1998 has become a very profitable company that had sales of $500,000 in 2000, and Wolfe projects it will double that return for 2001.

With a line of 21 ducks (all designed by his daughter, Rebecca, 27), Wolfe takes a lot of pride in the careful detail and artistry that goes into each of the ducks, which retail for $9.99 on his Web site as well as in specialty gift stores and catalogs.

No plans for a Pokèmon duck anytime soon, though; Celebriducks sticks with only classic characters-look for Ludwig van Beethoven, Carmen Miranda and Dracula as future offerings.

"The rubber duck's an American icon," Wolfe says. "We're just taking that idea and tweaking it."

Contact Source

More from Entrepreneur
Our Franchise Advisors will guide you through the entire franchising process, for FREE!
  1. Book a one-on-one session with a Franchise Advisor
  2. Take a survey about your needs & goals
  3. Find your ideal franchise
  4. Learn about that franchise
  5. Meet the franchisor
  6. Receive the best business resources
Discover the franchise that’s right for you by answering some quick questions about
  • Which industry you’re interested in
  • Why you want to buy a franchise
  • What your financial needs are
  • Where you’re located
  • And more
Make sure you’re covered for physical injuries or property damage at work by
  • Providing us with basic information about your business
  • Verifying details about your business with one of our specialists
  • Speaking with an agent who is specifically suited to insure your business

Latest on Entrepreneur