Tag Archive for: National bike

Finding Focus with Mike Sinyard

Finding Focus with Mike Sinyard

Mike Sinyard is the founder and chairman of Specialized Bicycle Components. When it comes to business, Mike has witnessed almost every possible scenario. During these times when you are overworked and exhausted, it can be hard to maintain workflow…
pricing strategy
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Margins And Pricing: How To Run A Profitable Bike Shop in 2020 and Beyond

“An underperforming item isn’t a good buy if it ends up languishing on your shelves and eventually is discounted to a lower realized margin.”

Springtime Stressors and Solutions

Springtime Stressors and Solutions

“The first hints of spring can bring on spring stress instead of spring fever. It is not uncommon for some shops to have a five fold or greater increase in sales between February and April. After a winter of stressing about how to pay the bills, a whole new set of stressors appear.”

selling eBikes
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Selling Ebikes Part Two: 6 Ways To Power Up Your Sales

“Put in the effort to understand the products, ride the bikes, and engage your vendors to find ways to make ebikes a success in your store.”

Website Merchandising Tips
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5 eBike Website Merchandising Tips

“As we head into spring the feeling is that ebikes will continue to surge in popularity and it is important for retailers to get in front of customers with great website merchandising.”

expense creep

Expense Creep – Victim Or Victorious?

“MSRP and MAP pricing have two key words you should key in on. Suggested and minimum. If you follow the suggestions, you will get the minimum profits.”

Point of sale

Single vs Multi-Brand Model

“Have you experienced success with a single main line model that would have not been possible otherwise, or do you feel carrying several brands is the route to take for positive results? “

P2 Consult Inventory

P2 Consult – Is It For You?

“I believe strongly that any retailer that learns how to asses their businesses health by demystifying the financial side of their business, will begin to make better decisions that ultimately lead to increased profits.”