business Archives - National Bicycle Dealers Association https://nbda.com/tag/business/ Representing the Best in Specialty Bicycle Retail since 1946 Tue, 17 Dec 2024 20:40:24 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 https://nbda.com/wp-content/uploads/2024/06/Website-Favicon-1-66x66.png business Archives - National Bicycle Dealers Association https://nbda.com/tag/business/ 32 32 Don’t Let Your Customer Walk Out that Door Empty Handed with Bike Leasing: A New Opportunity for Retailers https://nbda.com/dont-let-your-customer-walk-out-that-door-empty-handed-with-bike-leasing-a-new-opportunity-for-retailers/ Tue, 17 Dec 2024 20:40:24 +0000 https://nbda.com/?p=31565 Join us for an insightful webinar presented by the NBDA in conjunction with Ryan Fishel, CEO of The Sweet Spot Bike Leasing. Discover how offering leasing services can benefit your bike shop by attracting new customers and adding revenue to your bottom line. Learn about the growing trend of e-bike leasing, the advantages it offers […]

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Join us for an insightful webinar presented by the NBDA in conjunction with Ryan Fishel, CEO of The Sweet Spot Bike Leasing. Discover how offering leasing services can benefit your bike shop by attracting new customers and adding revenue to your bottom line. Learn about the growing trend of e-bike leasing, the advantages it offers for both retailers and customers, and how you can integrate this option into your sales pipeline. With real-world examples and expert insights, this webinar will equip you with the knowledge to capitalize on this innovative purchasing option.

You must be logged into your NBDA member account to access the recording below:

The following content is accessible for members only, please sign in.

NBDA LogoThe NBDA has been here since 1946, representing and empowering specialty bicycle dealers in the United States through education, communications, research, advocacy, member discount programs, and promotional opportunities. As shops are facing never-before-seen circumstances, these resources offer a lifeline. Together, we will weather this. We at the NBDA will not waver in our commitment to serving our members even during this challenging time—but we need your support.

Now is the time to become a member as we join together to make one another stronger. Whether you’re a retailer or an industry partner, your membership in the NBDA is one of the best investments you’ll make this year. 

Learn more about the benefits of being a member and join now.

The post Don’t Let Your Customer Walk Out that Door Empty Handed with Bike Leasing: A New Opportunity for Retailers appeared first on National Bicycle Dealers Association.

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Working with America’s Largest Demographic https://nbda.com/working-with-americas-largest-demographic/ Thu, 14 Nov 2024 22:53:23 +0000 https://nbda.com/?p=31289 74% of the United States lives in a bigger body, meeting the CDC’s definition of overweight or obese. Often overlooked as a customer base, the plus size cycling community is growing rapidly, creating both a challenge and opportunity for bicycle retailers and suppliers. Join Marley Blonsky, Co-Founder of All Bodies on Bikes, for a discussion […]

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74% of the United States lives in a bigger body, meeting the CDC’s definition of overweight or obese. Often overlooked as a customer base, the plus size cycling community is growing rapidly, creating both a challenge and opportunity for bicycle retailers and suppliers. Join Marley Blonsky, Co-Founder of All Bodies on Bikes, for a discussion on the unique needs of this community, the work that is being done to meet those needs, and an invitation to participate in a collaborative solution. Both retailers and suppliers are encouraged to join the webinar, which will directly inform the creation of resource guides.

Presented by: Marley Blonsky- Marley Blonsky is a fat adventure cyclist, co-founder of All Bodies on Bikes, co-host of the All Bodies on Bikes podcast, curve model, advocate and consultant. Marley is fiercely passionate about size inclusion, believing that everyone deserves full access to life-including at work, in sport and at home.

Marley’s work is supported by Cannondale, Shimano, RideWithGPS, Osprey Packs, Twisted Spoke CBD, and Shredly.

You must be logged into your NBDA member account to access the recording below:

The following content is accessible for members only, please sign in.

NBDA LogoThe NBDA has been here since 1946, representing and empowering specialty bicycle dealers in the United States through education, communications, research, advocacy, member discount programs, and promotional opportunities. As shops are facing never-before-seen circumstances, these resources offer a lifeline. Together, we will weather this. We at the NBDA will not waver in our commitment to serving our members even during this challenging time—but we need your support.

Now is the time to become a member as we join together to make one another stronger. Whether you’re a retailer or an industry partner, your membership in the NBDA is one of the best investments you’ll make this year. 

Learn more about the benefits of being a member and join now.

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Supplier Sync Educational Hour with SNO-GO: Boost Winter Sales, Expand Your Retail Offering and Maximize Revenue https://nbda.com/supplier-sync-educational-hour-with-sno-go-boost-winter-sales-expand-your-retail-offering-and-maximize-revenue/ Wed, 13 Nov 2024 16:12:05 +0000 https://nbda.com/?p=31278 Join us for an exclusive educational hour hosted by SNO-GO in collaboration with the NBDA, designed to help retailers learn how to unlock new revenue streams during the winter months. SNO-GO Founder, Chase Wagstaff, will guide you through everything you need to know about this innovative brand—from dealer programs, warranty, and support options, to why […]

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Join us for an exclusive educational hour hosted by SNO-GO in collaboration with the NBDA, designed to help retailers learn how to unlock new revenue streams during the winter months. SNO-GO Founder, Chase Wagstaff, will guide you through everything you need to know about this innovative brand—from dealer programs, warranty, and support options, to why adding SNO-GO to your product lineup can elevate your business.

Don’t miss this chance to discover how SNO-GO can help you boost profitability during the off-season!

Guest Speakers:
Chase Wagstaff, Founder SNO-GO
Rob Aseltine, Marketing Director, SNO-GO

You must be logged into your NBDA member account to access the recording below:

The following content is accessible for members only, please sign in.

NBDA LogoThe NBDA has been here since 1946, representing and empowering specialty bicycle dealers in the United States through education, communications, research, advocacy, member discount programs, and promotional opportunities. As shops are facing never-before-seen circumstances, these resources offer a lifeline. Together, we will weather this. We at the NBDA will not waver in our commitment to serving our members even during this challenging time—but we need your support.

Now is the time to become a member as we join together to make one another stronger. Whether you’re a retailer or an industry partner, your membership in the NBDA is one of the best investments you’ll make this year. 

Learn more about the benefits of being a member and join now.

The post Supplier Sync Educational Hour with SNO-GO: Boost Winter Sales, Expand Your Retail Offering and Maximize Revenue appeared first on National Bicycle Dealers Association.

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5 Ways Bicycle Retailers Are Leaving Money on the Table: Bookkeeping Pitfalls and How to Avoid Them https://nbda.com/5-ways-bicycle-retailers-are-leaving-money-on-the-table-bookkeeping-pitfalls-and-how-to-avoid-them/ Mon, 11 Nov 2024 23:52:40 +0000 https://nbda.com/?p=31248 Are you working hard but still feeling like your bike shop isn’t reaching its financial potential? Many retailers unknowingly leave money on the table due to common bookkeeping mistakes. Join us for an exclusive webinar with BELAY Bookkeeping, where we’ll uncover the top 10 financial missteps bicycle retailers make — and how to fix them. […]

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Are you working hard but still feeling like your bike shop isn’t reaching its financial potential? Many retailers unknowingly leave money on the table due to common bookkeeping mistakes. Join us for an exclusive webinar with BELAY Bookkeeping, where we’ll uncover the top 10 financial missteps bicycle retailers make — and how to fix them. From missed tax savings to poor cash flow management, this session will help you identify areas where you could be losing money and show you how partnering with fractional accounting services can help unlock your shop’s full profitability. Perfect for owners and managers looking to maximize their bottom line.

You must be logged into your NBDA member account to access the recording below:

The following content is accessible for members only, please sign in.

NBDA LogoThe NBDA has been here since 1946, representing and empowering specialty bicycle dealers in the United States through education, communications, research, advocacy, member discount programs, and promotional opportunities. As shops are facing never-before-seen circumstances, these resources offer a lifeline. Together, we will weather this. We at the NBDA will not waver in our commitment to serving our members even during this challenging time—but we need your support.

Now is the time to become a member as we join together to make one another stronger. Whether you’re a retailer or an industry partner, your membership in the NBDA is one of the best investments you’ll make this year. 

Learn more about the benefits of being a member and join now.

The post 5 Ways Bicycle Retailers Are Leaving Money on the Table: Bookkeeping Pitfalls and How to Avoid Them appeared first on National Bicycle Dealers Association.

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Unlock the Power of Consumer Financing: Boost Your Sales with NBDA’s Canadian Financing Program Powered by Fairstone https://nbda.com/unlock-the-power-of-consumer-financing-boost-your-sales-with-nbdas-canadian-financing-program-powered-by-fairstone/ Fri, 08 Nov 2024 06:38:25 +0000 https://nbda.com/?p=31221 Join us for a 60-minute session designed exclusively for Canadian retailers to discover how the NBDA Financing Program, powered by Fairstone, can help grow your business. Learn about Fairstone’s trusted financial services, how their financing plans work, and the simple onboarding process that seamlessly integrates with your POS system. We’ll cover how offering flexible payment […]

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Join us for a 60-minute session designed exclusively for Canadian retailers to discover how the NBDA Financing Program, powered by Fairstone, can help grow your business. Learn about Fairstone’s trusted financial services, how their financing plans work, and the simple onboarding process that seamlessly integrates with your POS system.

We’ll cover how offering flexible payment options, including 3, 6, and 12-month no-interest plans, can attract more customers, increase average transaction values, and improve your sales close rates. Plus, explore the low cost to retailers, with financing fees starting at just 3.24%. Whether you’re new to financing or looking to enhance your current offerings, this webinar is packed with insights to help your business thrive.

Presented by: Maëlle Martineau-Ragon- Directrice de comptes principal | Senior Account Manager

You must be logged into your NBDA member account to access the recording below:

The following content is accessible for members only, please sign in.

NBDA LogoThe NBDA has been here since 1946, representing and empowering specialty bicycle dealers in the United States through education, communications, research, advocacy, member discount programs, and promotional opportunities. As shops are facing never-before-seen circumstances, these resources offer a lifeline. Together, we will weather this. We at the NBDA will not waver in our commitment to serving our members even during this challenging time—but we need your support.

Now is the time to become a member as we join together to make one another stronger. Whether you’re a retailer or an industry partner, your membership in the NBDA is one of the best investments you’ll make this year. 

Learn more about the benefits of being a member and join now.

The post Unlock the Power of Consumer Financing: Boost Your Sales with NBDA’s Canadian Financing Program Powered by Fairstone appeared first on National Bicycle Dealers Association.

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Unlocking Growth with the NBDA Financing Program: Powered by PayPossible/Citi https://nbda.com/unlocking-growth-with-the-nbda-financing-program-powered-by-paypossible-citi/ Fri, 08 Nov 2024 06:31:29 +0000 https://nbda.com/?p=31217 Join us for a 60-minute-deep dive into the NBDA Financing Program, powered by PayPossible and Citi, and discover how offering consumer financing can boost your store’s sales and customer satisfaction. Learn how easy it is to integrate the financing option into your POS system, offering a seamless experience for customers with flexible 3/6/12-month no-interest plans. […]

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Join us for a 60-minute-deep dive into the NBDA Financing Program, powered by PayPossible and Citi, and discover how offering consumer financing can boost your store’s sales and customer satisfaction. Learn how easy it is to integrate the financing option into your POS system, offering a seamless experience for customers with flexible 3/6/12-month no-interest plans. We’ll cover the program’s low cost to retailers, starting at just 2.5%, and highlight how retailers who offer financing see higher average transaction values and improved close rates. Plus, we’ll discuss the POP materials provided to help promote these offers in-store. Don’t miss this opportunity to unlock growth and drive more sales!

Presented by: Lance Taylor – Chief Revenue Officer PayPossible and Justin Humphries – Chief Operations Officer PayPossible

You must be logged into your NBDA member account to access the recording below:

The following content is accessible for members only, please sign in.

NBDA LogoThe NBDA has been here since 1946, representing and empowering specialty bicycle dealers in the United States through education, communications, research, advocacy, member discount programs, and promotional opportunities. As shops are facing never-before-seen circumstances, these resources offer a lifeline. Together, we will weather this. We at the NBDA will not waver in our commitment to serving our members even during this challenging time—but we need your support.

Now is the time to become a member as we join together to make one another stronger. Whether you’re a retailer or an industry partner, your membership in the NBDA is one of the best investments you’ll make this year. 

Learn more about the benefits of being a member and join now.

The post Unlocking Growth with the NBDA Financing Program: Powered by PayPossible/Citi appeared first on National Bicycle Dealers Association.

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The Friday Retailer Flex – Episode 34 https://nbda.com/the-friday-retailer-flex-episode-34/ Sat, 13 Nov 2021 00:21:46 +0000 https://0accd9675b.nxcli.io/?p=25376 The Friday Retailer Flex is a weekly pointed digest of tips for retailers directly from the President of the NBDA. This episode: Take your business to the next level with the NBDA P2 Profitability Project.

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Friday Retailer Flex – Episode 34

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Take your business to the next level with the NBDA P2 Profitability Project.

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The Friday Retailer Flex – Episode 34

Fri, 11/12

SUMMARY KEYWORDS

retailers, bicycle, profitability, business, group, general manager, dealers association, retail, implement, share, industry, improve, join, ready, information, today, compare, membership dues, data, shops

SPEAKERS

Heather Mason, NBDA

NBDA   00:10

You are listening to bicycle retail radio brought to you by the National bicycle Dealers Association.

Heather Mason  00:16

Welcome to the Friday retailer flex so weakly pointed digest of inspirational and actionable insights you can implement today to take your business to the next level. If you’re a first time listener, be sure to check out the previous episodes. Do us a favor and leave a review. Today’s Flex is about the NBDA P2 profitability program and why it should be important to you, the bicycle retail owner or general manager. I’m coming to you just back from two weeks on the road in both Naples Florida and Roanoke, Virginia, where we were hosting groups of our P2 profitability project retailers. 30 retailers from North America join us over the past few weeks. We filled the mornings with yoga guest speakers focus meetings peer to peer learning, afternoon daily rise and critical thinking sessions. Retailers uniting to help each other through pain points, share best practices and talk through timely topics such as E bikes, customer engagement and using data. The value of this experience cannot be stressed enough. Take a look at our NBDA Facebook page and Instagram feeds for some images captured over the past two weeks. Then go to nba.com and give your deposit to start the program in December this year. If you are ready to invest in your personal development as a bicycle retailer, join a pizza group. If you are ready to compare your key metrics with others learning from your numbers, join a pizza group. If you are ready to fine tune your business to generate more revenue. Join a pizza group. For a small investment your P2 membership dues will see your return at least two times over. It’s not an exact science but investing in yourself and furthering your education can only add to your success. I don’t want this to sound like an advertisement. But after spending these past two weeks with retailers, I saw firsthand the value, the pages and pages and pages of notes that these retailers are taking back to their stores that they can implement today. But don’t take it from me. I was recently emailing with Jeff Seltzer, General Manager of Palo Alto bicycles, who wrote me that he was involved with the P2 program from its inception. He wrote that meeting like minded retailers who were interested in proving their businesses as well as the industry had been one of the highlights of his tenure in the industry. He shared his top takeaways such as the P2 group acting as a board of directors, how often as a shop owner or general manager, the buck stops with you. There is no one to discuss the problems you’re having with staffing or business practices or other issues. But having a P2 group gives you essentially a board of directors who are there to help you succeed at any time. He went on about the numbers, taking those numbers of gross sales, payroll route labor, and comparing them to other shops to see how you’re doing gives you firsthand critical information that is super valuable at the end of the day. He then went on about the shop visits, part of the PTA program involves having other retailers in your group, come visit your store and give you firsthand information, cold, hard truth, non threatening about how you can improve. He said it was like standing in front of a crowd in your underwear. It’s terrifying and vulnerable. But it’s feedback that is able to be implemented and makes your business more profitable in the long run. He finalize the email saying that with anything in life, you get out what you put into it. It’s not a magic pill, you have to be willing to roll up your sleeves dive in and implement what your PTO group gives you. So who should join P2, P2 is perfect for independent bicycle retailers who are unsatisfied with your current profits, and you’re ready to take your bicycle retail profitability to the next level. So for retailers in their first five years of business P2 provides valuable insights to help you with planning, avoid common pitfalls and thrive during the early vulnerable years of your business. For experienced retailers. This program is highly beneficial for experienced retailers with proven success in the industry who are looking to expand your business, refresh your approach, learn from others and share expertise. What do you get as a PTA member support? We place you with a group of non competing retailers across the country for transparent information sharing and in person and virtual support from some of the nation’s top bicycle retailers. You can participate in virtual roundtables and events with industry leaders and retail experts. You get P2s KPI dashboard offering you benchmark data so you can compare your metrics to other shops and learn how to improve RP2 groups professionally facilitated and coordinated to ensure your group stays efficient and focused. P2 will empower you to improve profitability. And if you’re serious about growing your business now is the time. Groups are forming now for the 2022 program that kicks off in December. You can learn more and sign up@nba.com backslash profitability dash project dash P2 the NBA extends our things to our membership base. membershiP2 the NBA is open to retailers, industry, suppliers, advocacy groups, organizations and individuals. If you’re not already a member of MBDA do so today nba.com. If you’d like to support the show, don’t forget to subscribe and share your favorite episode with friends on social media. We appreciate you listening. Thank you and now go be great.

NBDA   05:49

This has been bicycle retail radio by the National bicycle Dealers Association. For more information on membership, and member benefits, join us@nbda.com

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NBDA LogoThe NBDA has been here since 1946, representing and empowering specialty bicycle dealers in the United States through education, communications, research, advocacy, member discount programs, and promotional opportunities. As shops are facing never-before-seen circumstances, these resources offer a lifeline. Together, we will weather this. We at the NBDA will not waver in our commitment to serving our members even during this challenging time—but we need your support.

Now is the time to become a member as we join together to make one another stronger. Whether you’re a retailer or an industry partner, your membership in the NBDA is one of the best investments you’ll make this year. 

Learn more about the benefits of being a member and join now.

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The Friday Retailer Flex – Episode 33 https://nbda.com/the-friday-retailer-flex-episode-33/ Thu, 04 Nov 2021 21:23:40 +0000 https://0accd9675b.nxcli.io/?p=25349 The Friday Retailer Flex is a weekly pointed digest of tips for retailers directly from the President of the NBDA. This episode: E Bike Battery Recycling

The post The Friday Retailer Flex – Episode 33 appeared first on National Bicycle Dealers Association.

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Friday Retailer Flex – Episode 33

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E Bike Battery Recycling

Support the show

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The Friday Retailer Flex – Episode 33

Fri, 11/5

SUMMARY KEYWORDS

batteries, recycling, retailers, bicycle, bike, membership, recycling program, dealers association, today, recycle, flex, industry, collection, call, december, actionable insights, launched, nvda, program, information

SPEAKERS

Heather Mason, NBDA

NBDA   00:10

You are listening to bicycle retail radio, brought to you by the National bicycle Dealers Association.

Heather Mason  00:16

Welcome to the Friday retailer flex a weekly pointed, digestive inspirational and actionable insights you can implement today to take your business to the next level. This is NBDA President Heather Mason. If you’re a first time listener, be sure to check out the previous episodes. Do us a favor and leave a review. This podcast is designed specifically for the bicycle industry dedicated to strengthening our retailers and cycling community. Alright, today’s Flex is about E bike battery recycling. News launched yesterday from people for bikes on the partnership with call to recycle the nation’s largest most reliable battery recycling program experts to launch the first industry wide e bike battery recycling program in the United States. Great job people for bikes. The goal of this initiative is to provide a safe and reliable way to keep electric bicycle batteries a valuable resource out of landfills, bicycle retailers can enroll as collection sites and begin accepting batteries from riders starting February 2022. Focusing on this for today’s flex was a no brainer. As the importance of battery recycling is top of mind. 130 million electric bicycles are expected to be sold globally between 2020 and 2023. That’s a lot of batteries and those batteries powering those bikes will need to be safely and responsibly collected and managed at their end of life. With no current established way to get those batteries to recycler. This program was developed to keep batteries out of landfills, and works to ensure that batteries are safely handled and return to the recycling stream. Pretty cool. retailers who register as a collection site will get their location added to the map of a bit available collection points, stickers and hang tags to provide battery recycling information to your customers in store safety Materials Safety training, and us do T compliant recycling kits all with prepaid shipping. Why call to recycle. They have over 25 years of experience collecting and recycling more than 140 million pounds of batteries in the US there are leading not for profit battery logistics and recycling program and they successfully launched a similar program recently in Canada. If you want to learn more on the program, you can join the NVDA call to recycle and people for bikes for an upcoming webinar scheduled for December 1 2021. We want to take a moment to additionally remind you if you’re an E bike owner or retailer, always make sure you’re not charging batteries unattended or overnight. You can learn more about battery recycling at E bike battery recycling dot people for bikes.org. You can sign up for the webinar on December 1 nba.com vme da extends our thanks to our membership base and membership to the NBA is open to retailers, industry suppliers, advocacy groups, organizations and individuals. If you’re not already a member, go ahead and bva.com Sign up today. Membership not only supports your business but the industry at large. If you’d like to support the show the best way subscribe share your favorite episode with your friends on social media. We appreciate your support. Now go register for those webinars. Thank you for listening and be great.

NBDA   03:28

This has been bicycle retail radio by the National bicycle Dealers Association. For more information on membership and member benefits, join us@nbda.com

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NBDA LogoThe NBDA has been here since 1946, representing and empowering specialty bicycle dealers in the United States through education, communications, research, advocacy, member discount programs, and promotional opportunities. As shops are facing never-before-seen circumstances, these resources offer a lifeline. Together, we will weather this. We at the NBDA will not waver in our commitment to serving our members even during this challenging time—but we need your support.

Now is the time to become a member as we join together to make one another stronger. Whether you’re a retailer or an industry partner, your membership in the NBDA is one of the best investments you’ll make this year. 

Learn more about the benefits of being a member and join now.

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The post The Friday Retailer Flex – Episode 33 appeared first on National Bicycle Dealers Association.

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The Friday Retailer Flex – Episode 32 https://nbda.com/the-friday-retailer-flex-episode-32/ Fri, 29 Oct 2021 17:20:54 +0000 https://0accd9675b.nxcli.io/?p=25337 The Friday Retailer Flex is a weekly pointed digest of tips for retailers directly from the President of the NBDA. This episode: Will bicycle retail never be the same?

The post The Friday Retailer Flex – Episode 32 appeared first on National Bicycle Dealers Association.

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Friday Retailer Flex – Episode 32

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Will bicycle retail never be the same?

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The Friday Retailer Flex – Episode 32

Fri, 10/29

SUMMARY KEYWORDS

bicycle, retailers, retail, industry, changed, dealers association, membership, bikes, share, storage, longer, business, email, manage, store, bike lanes, shopping cart, navigate, playbook, work

SPEAKERS

Heather Mason, NBDA

NBDA   00:10

You are listening to bicycle retail radio, brought to you by the National bicycle Dealers Association.

Heather Mason  00:16

Welcome to the Friday retailer flex the weekly pointed, digestive inspirational and actionable insights you can implement today to take your business to the next level. This is NBDA President Heather Mason. If you’re a first time listener, be sure to check out the previous episodes, please do us a favor and leave a review. Today’s message is centered around a quote and sentence we recently wrote about and an email to NBDA members. The quote bicycle retail will never be the same. It struck us are we changed? Will bicycle retail never be what it was. We had an overwhelming response to this email with retailers sharing their feedback and thoughts. One letter stood out to us as something we wanted to share. With permission from the retailer who wrote this email to us. We want to share their response and what they’re doing and their bicycle retail store to navigate the changing retail times. The letter went like this. The uncertainty has forced us to be flexible, creative, and we agree that it’s permanently changed the way we are doing business. We are rethinking everything. And we mean everything. We just ordered new hardware for our point of sale system to upgrade storage. We are finally partnering with smart detailing to get our inventory live on the website and have the option for a shopping cart program. We are integrating our current site into their platform so we can keep the look and feel of ours. With our inventory feed. We have reconfigured and re merchandise the whole store and have plans for a bigger Reno over the winter. That involves a bit more construction than we can manage. Well, it’s still so busy. We are reorganizing and cleaning all of our storage areas and clearing out old stuff that we no longer need. We have taken a hard look at our retail partners. We are thinning the herd and sticking with the companies that are profitable and reliable and have been serious about protecting IVDs we are no longer just going to carry products because they are available. We are willing to wait to sell the stuff we really love. Most importantly, we are focusing on finances to be sure we can afford bikes as they allocate in from our vendors. Instead of treating them all separately. We are looking at them as a whole and adjusting the backwaters to make sure we will have as diverse a mix of product as we can, but still make sure we are able to afford the bikes. Many companies have given up on a traditional spring dating model and are doing 30 or 60 Day dating. That doesn’t work for us in the Northeast so well. So we have to forecast that as best as possible to manage the cash flow. It all feels like a giant game of Guess what’s going to happen next. And there is no playbook from past experience for this new retail world we are entering. It is terrifying, but it’s also challenging and very exciting for us. If we can navigate this successfully, I think we will all be much more successful and strong. On the other end. A special note of things to this retailer for allowing us to share their thoughts and what they are doing in their store. Thank you for sending the email to us. We always appreciate the emails we get back. We know it’s different. It’s scary, it’s new. We want to propose to hold on to the best of bicycle retail and what it means to you in your community. Bicycle retailers have a place a strong place in the heart of a community. Bicycle retail might never be the same but bicycle retailers are still the strong passionate enthusiast adding to the journey of every current and future cyclists, helping with the changing climate bettering local trails, adding bike lanes, finding a profit and making their life’s work in the industry. And great news. While new and tough to navigate there is still success to be found great success in the bicycle industry. It might just look a little different. So today and everyday the team NBDA Rochelle and I we are celebrating bicycle retail bicycle retailers and our continued industry growth. We’re working daily to make sure we keep you best informed and provide opportunity, education and insight to better your business and an industry that might never be the same. Remember, we got you lean on us ask for help. As always, we extend our thanks to our membership base membership to the MBTA is open to retailers, industry suppliers, advocacy groups, organizations and individual’s if you’re not already a member of the NBA do so today nba.com membership and the NBA not only supports your business but the industry at large. If you’d like to support the show, share your favorite episode with friends and on social media help us expand our reach. We appreciate your support. Thank you for listening now go be great.

NBDA   05:20

This has been bicycle retail radio by the National bicycle Dealers Association. For more information on membership, and member benefits, join us@nbda.com

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NBDA LogoThe NBDA has been here since 1946, representing and empowering specialty bicycle dealers in the United States through education, communications, research, advocacy, member discount programs, and promotional opportunities. As shops are facing never-before-seen circumstances, these resources offer a lifeline. Together, we will weather this. We at the NBDA will not waver in our commitment to serving our members even during this challenging time—but we need your support.

Now is the time to become a member as we join together to make one another stronger. Whether you’re a retailer or an industry partner, your membership in the NBDA is one of the best investments you’ll make this year. 

Learn more about the benefits of being a member and join now.

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The Friday Retailer Flex – Episode 31 https://nbda.com/the-friday-retailer-flex-episode-31/ Fri, 22 Oct 2021 16:56:05 +0000 https://0accd9675b.nxcli.io/?p=25302 The Friday Retailer Flex is a weekly pointed digest of tips for retailers directly from the President of the NBDA. This episode: Reset, Reboot, Clean Up, and Press on. The NBDA is totally on your side.

The post The Friday Retailer Flex – Episode 31 appeared first on National Bicycle Dealers Association.

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Friday Retailer Flex – Episode 31

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Reset, Reboot, Clean Up, and Press on. The NBDA is totally on your side.

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The Friday Retailer Flex – Episode 31

Fri, 10/22

SUMMARY KEYWORDS

retailers, store, offer, consumer, bike, shop, mbta, frictionless, dealers association, flex, membership, member, feel, experience, norm, connection, emails, shopping, mind, service

SPEAKERS

Heather Mason, NBDA

NBDA   00:10

You are listening to bicycle retail radio brought to you by the National bicycle Dealers Association.

Heather Mason  00:16

Welcome to the Friday retailer flex so weekly pointed, digestive, inspirational and actionable insights you can implement today to take your business to the next level. This is NBDA President Heather Mason. If you’re a first time listener, be sure to check out the previous episodes and do us a huge favor leave a review. It helps members of our industry find our podcast. Today’s flex is centered around pushing that reset button and some personal tips of mine that I want to share with you for retail success. For the past few days during my morning run, thoughts of the new consumer and the aftershock of the global pandemic has left my mind swirling. Every day I have a unique opportunity to speak email or text with multiple shops, conversations that leave my mind spinning the pieces in place. I know it’s not enough for me to communicate to you the information you need such as bike availability. But more I also want to be able to provide you with feedback that I’m hearing from other retailers and compiling to offer tips, insight and suggestions based on these conversations. So this morning, I woke up and after getting the kids to school, it all clicked what today’s flex needed to be about. In our Monday mingle, I see tension in retailers faces. The conversations with community members and shop owners have a certain feel of vulnerability. And it seems that we’re all seeking a desire for safety, protection and seriously low stress situations. Feedback shows that the retail environment is feeling the subtle effects of this as well. As humans, we typically step away from tension. But I wonder if it would help us as retailers to walk towards it, embrace it and offer solutions. We have noticed that buying trends are scattered as consumers are taking control of obtaining their wants and needs and searching for anything that makes them feel good, healthy and safe. We want to get back to the norm. We want to spend time with our family, we value our time. By some estimates, we have jumped over a growth pattern of 10 years and as little as 18 months as ecommerce sales have vaulted. What we witnessed as normal shopping will never be the same. We have all changed. loyalty is that all time vulnerability high. People want it they crave it. We want to feel good about relationships and where we spend our money, and where we put our time and energy and it is time to reconnect and reaffirm to your clients, your riders your community that you understand as a retailer what they value in need, and that you are responding with inventory adjustments and additional communication. We need to deepen our connections now more than ever, we need to make sure we are offering a safe environment and an easy experience. We need to thank our customers invite them back again. Remind them how important they are to us. We need to create experiences that we can engage with them on a more personal level. Might it be a group ride, a picnic, or moments like the NBDA Costa Rica trip we just organized memorable moments. Although it is not something on the tip of our tongue like six months ago, it is still important to make sure the state the store is a safe environment. You should still continue to post specific guidelines and deepen your cleaning protocols. Make sure your employees are aware of these guidelines. Additionally, it is more critical than ever to pay attention to keep the store frictionless, uncluttered and not crowded. It should be easy for the writer to come in and find exactly what they need. For you. It’s important to pay attention to spots where dust old parts and papers could pile up. Remember that the consumer sees everything. Stand back. Look at your shop from the entrance to the dumpster inside and out. If you need help consider even hiring a professional cleaning service or commercial property care to help you keep up. Pay attention to the windows parking areas. Finish it off with making sure your staff is either in uniform or that each member looks clean and approachable and their unique style. Every effort pays off and paints an image in the mind of the writer of the value of that you have for your business. And it reflects on the consumers thoughts of how much they trust your product recommendation. They trust your service. They assume If the shop is clean and top notch, then you must be as well. You can use technology to help the shopping convenience, many options exist to offer a frictionless buying experience for your customer. These were things we had talked about months ago and we still do. But many shops have continued forward with this technology, although it’s not required now because we are allowing people in it streamlines services and advances the level of your retail environment. Things like mobile payments in store curbside pickup, digital screen browsing. Some shops are scheduling services pickups using things like hub tiger. Some stores are scheduling a one on one shopping experience to offer personalized bike purchasing with a sales associate. These are unique opportunities to create a customer centric environment. One that is tailored one that is uniquely something that you offer. We have witnessed a surge in digital shopping and you need to embrace this, make sure your website information is clear and distinct. Consumers searching should easily find you online work with outlets such as locally pointee, and other local listings to help with SEO. Having a website that is fast and easy to navigate with clear product descriptions and detailed images is critical. use social media to further enhance your online success. Use your customer data to connect with segment emails and use SMS when appropriate. These are new norms and expectations of our riders and truly create a customer centric experience. If you read my emails, or tune in weekly to our podcasts, I tilt many of my messages towards connecting with the customer, the in store experience and supporting online shopping encounters. At the retail level, these three things are what I would consider the essence of what we offer. Why would a consumer choose you with all the options available. Regardless if I am purchasing something in store, online or over the phone, one thing always happens. It’s human connection. At some point, I am connected to a person an item and experience. And at some time during that connection. I had a moment where I felt like this was it. This person, this website, this phone call convinced me made me comfortable. And I was ready to choose this to add to my life story. I will consider the most amazing part of why you choose to open your store is how you get to play a role in us. You retailer, you are the connection. You get to be that store. That person that brand or website that makes everything click, you get to change someone’s life with a new bike. You and your staff get to be a part of their new bike story, or even play a role in selecting a child’s first bike, your shop, your brand, your IBV that’s huge. So today, reset, reboot cleanup and press on the MBTA is totally on your side. The MBTA extends our things to our membership base. membership to the MBTA is open to retailers, industry suppliers, advocacy groups, organizations and individuals. If you’re not already a member of the MBDA do so today@nba.com membership not only supports your business but the industry at large, allowing you to stay close to the heart of the industry. If you’d like to support the show, don’t forget to subscribe. Share your favorite episode with friends and on social media. We appreciate your support. Thank you for listening now go be great.

NBDA   09:00

This has been bicycle retail radio by the National bicycle Dealers Association. For more information on membership and member benefits, join us@nbda.com

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NBDA LogoThe NBDA has been here since 1946, representing and empowering specialty bicycle dealers in the United States through education, communications, research, advocacy, member discount programs, and promotional opportunities. As shops are facing never-before-seen circumstances, these resources offer a lifeline. Together, we will weather this. We at the NBDA will not waver in our commitment to serving our members even during this challenging time—but we need your support.

Now is the time to become a member as we join together to make one another stronger. Whether you’re a retailer or an industry partner, your membership in the NBDA is one of the best investments you’ll make this year. 

Learn more about the benefits of being a member and join now.

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