Thursday, December 14, 2017

The Experiential Market



Riding is all about the experience - and it’s meant to be. No one wants to park their bike in the garage - they want to get out and ride it. Which is why you have to make the buying of a bike about more than just the initial purchase - it’s about helping future riders imagine themselves living the lifestyle that comes with the bike. And this is becoming more important as millennial consumers make up more and more of the marketplace. As a whole, this demographic is focused more on experiences over actual product - so helping them understand the lifestyle that comes with their bike is key.

There are a lot of ways that buyers can choose to pass their time - the fact that they’ve decided to buy a bike puts you in a good spot - now it’s your job to help them transition into this new lifestyle as seamlessly as possible. Here are a few ideas to get your gears turning:
  • Offer a first time riders program that allows them to get to know other riders in the area, while getting to know their new bike. 
  • Put together a group ride to a local hotspot for dinner or drinks (responsible quantities only). 
  • Develop a brand ambassador program for customers who are willing to promote your brand in exchange for designated time in your shop to maintenance their bike. 
  • Host a ride-in at your dealership for the Super Bowl, complete with all the tailgate necessities.
Just a few suggestions to get you started. Whatever you decide - by providing your customers ways to easily experience and adopt the lifestyle, you are building a brand for your dealership that extends beyond just selling - and that’s how you keep customers coming back again and again. So as you think about putting the effort in on the front end, ask yourself - do you want to sell just this one bike or do you want to sell 2 or 3 or 4?



Trader Online Web Developer

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