Thursday, 23 July 2015

Your Work Purpose

When I am asked by someone new, I have just met or introduced to; what do you do?
I can Answer: "I help others, to enjoy cycling more and I also help people to start their dream business"

By doing something you believe in you will feel truly motivated.

You can now find your true work purpose and it will fundamentally change your life for the better.
Cycle Tech UK Members are already doing this.
You will soon find you are making a more positive contribution to the cycling world around us.

Cyclists come from all walks of life, they ride different types of bikes and they may only ride once a year or everyday.
But they all have one thing in common; Once people get involved with cycling, they are eager to share their passion.

Cycle Tech UK Ltd can give you a clear purpose, where you can make a valuable contribution to your society.

It still means hard-work, but you feel rewarded by constantly having a hunger for learning something new and knowing you have helped someone.

 
 
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Use Bicycle Trade Suppliers Or The Likes Of Chainreaction and Wiggle?

With most industries nowadays, it's become harder for trade suppliers to match online price's, let alone be cheaper.

Using a trade supplier does not always mean buying cheaper.

Most independent Bike Shops and Mobile businesses use a mixture of trade to buy stock and Chain Reaction Cycles/online retailers to buy one off small orders to help with margins and to maximize profit.

Many B2B and online sales websites have baskets you can add items to, making it easy for stock ordering and some suppliers will match online prices and give an extra 5% off.

"It do's not seem right using non trade suppliers and I do still believe buying from trade suppliers"


Shimano Parts & Accessories on display - Mobile setup (Photo 2011)


Chain Reaction Cycles CRC
Wiggle and Chainreaction Cycles now known as "Chiggle"
  • Can beat most (But not all) trade prices with no minimum order
  • Offer free delivery that usually comes next day
  • Have help line and support
  • Easy returns from collect Plus and free returns on orders over £9
  • Can pass on price difference by charging RRP (Min 30%)
  • Choice of delivery address  
  • Easy to return parts for refund or exchange due to failure/warranty  
The only downside is credit is not given, so if you are buying large amounts of parts, you will need a cash flow to cover costs until customer collects and pays.

Trade suppliers

Against 
  • Rep's don't help - they are mainly salesman working to a target. Be-wary to let them in your shop, they are not helping your business, by giving the wrong advise what you should be stocking. Do try and build a relationship from the start, by letting them know what your business is about and that you are working to a budget and need fast moving stock to make a return. Why do you need to stock clothing, kids bikes, etc.........?????
  • Have minimum orders for free delivery from £100 - £200
  • Easy to buy things not required to make up free delivery - better off paying £5 delivery charge (Do use the basket to put in stock items, that will make up the order)
  • Do not stock everything - Can be out of stock and then not able to make up your order for free delivery
  • Paying post for returning any parts
  • Trade suppliers can be out of stock as they supply to the big online bikeshops!
For
  • Trade suppliers do have great product knowledge, with years of experience
  • Help with looking up those hard to find parts saving you time
  • Many specialist parts are cheaper
  • Give credit
  • We work closely with our suppliers for the best buying deals, with premier rates with some trade discounts suppliers. And bulk buying deals for Cycle Tech Group
  • There are many that do support the small businessman 
  • Huge discounts on tools
  • Build a relationship
  • News letters with special offers on every day parts
  • Many distributors invest into promoting cycling

Group bulk buying stock direct from the trade supplier


You need self discipline: 

Many bikeshops and mobile businesses are carrying less stock than in the past and using the supplier as the warehouse. (Due mainly to not over stocking, too many variations, next day)  By keeping only fast moving bread and butter parts and accessories in stock. The downside is parts when required maybe out of stock, with a back order of over 2 months.
This type of business like many others, have a very busy period followed by quite times. Giving a misconception, which is all too easy to spend on buying large amounts of stock and bikes when busy and be left with a lot of money on the shelf or invoices that need paying at the end of the month. Finding a balance of how you are running your shop over the whole year and forecasting what's required.

As I say a lot on here - make notes, take small steps, do one thing at a time and act on it!!!

Don't know what to stock, where to buy from, stock control? Then I can help you.
Email me for a information brochure martin@cycle-tech.co.uk

Saturday, 11 July 2015

3rd Cycle Tech Bike Shop Now Open For Business

Saturday 11th July 2015 see the grand opening of our 3rd Bike Shop Cycle Tech Oldham.

Paul started his business as a mobile bike mechanic 5th July 2014 and a little over a year has expanded to a bike shop.

Paul has had support from Oldham council and the local news paper did a full page spread how a bike shop is good for the town.

 Cycle Tech Oldham Bike Shop