There is a ton of investment money now coming into the e-bike market. This store is about to be the biggest physical location dedicated to offering e-bikes. It appears most of the bikes are straight off the boat from China and there may not be a lot of value added but the fact that the store is opening at all goes to show that the investment community sees green(and I don’t mean environmentalist green) in e-bikes.
This is a good thing for the electric bike market in general. After all a rising tide lifts all boats. There are many smaller e-bike only shops that have opened in the past year and there are a few that have been revolutionary and have been around for years. As more store like the one in this article begin to open and hopefully prove they can be a viable business, even in a poor economy, hopefully those pioneer businesses will begin to gain some popularity too.
This should be a clear sign for the local bike shop owner. I don’t care how pure your shop is and how opposed you are to opening your business to electric bicycle products, if you don’t grab the opportunity that e-bikes present you are going to be missing out. E-Bikes are going to gain in popularity and use. Anyone that has ridden one knows the benefits that come with an electric assisted bike. Local bike shops looking for increased revenues should stay open minded when it comes to electric bikes.
Although the higher quality e-bikes are expensive there is an alternative in the e-bike conversion system. With an e-bike conversion product local bike shops can offer their customers an affordable alternative to owning an e-bike. This saves your customers’ money and it give the local bike shop two opportunities to increase revenues. Not only will the shop make 40% or so on the sale of the kit but they will also be able to charge for the conversion service. And by performing the conversion they can guarantee their customers have a positive e-bike experience.
The investment is coming and the opportunities are great. Are you ready?