I'm thinking of starting an electric bike company and I have found a supplier that has an ebike that ticks the boxes. I'm a bit stuck from there though. I am running an e-commerce business currently and was thinking of keeping it online, but after speaking to suppliers that is a bit hard because you need licenses and shipping costs are expensive. So I was then thinking if selling them to local bike stores. More generally what do you think of the ebike idea? Do you think it has good potential? And how do I take it further?
Thanks for reading, look forward to reading some great answers!
Second question first. Yes, there's definitely a market as Boomers age and as people with disabilities seek recreation opportunities. First question: you won't get any useful advice with the very minimal detail you gave. I will offer you a 15-minute free consultation to help you think things through. Contact me privately, shel at greenandprofitable dot com, and I'll send you my scheduling link and some information.
listen to last week's "How I built this with Gut Raz" podcast with Mike Radenbaugh regarding how he started Rad Power Bikes. One hour of listening, lots of insights from the man that has been there and done that! You should do a lot more homework as there is a tone of competition and going via a distribution model will eat into your margins and put you at the control of bricks and mortar stores which in a COVID era is not optimal.
Hi Jack, I’ve been looking for an e-bike partner and have been working on a system that would give such an endeavor a big competitive advantage. I also have a connection with an experienced e-bike manufacturer in the EU. if interested shoot me an email at firstname.lastname@example.org.
Thanks for all your responses. I'll be sure to have a look at that podcast Michaela. Sounds great! Shel, I'm just a bit stuck on how I take my business from an idea to reality and how I should market and set up the business. In person or online? What steps do I need to take? And Anthony, that sounds great! I'll be in contact with you shortly.