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9 Jul 2025

A recent BBC Breakfast segment has sparked backlash from the cycling community over its portrayal of e-bikes, with critics accusing the broadcaster of conflating legal e-bikes with illegal,...

8 Jul 2025

More than 30 locations across Scotland have seen a major rise in the number of people cycling, according to newly released data.

7 Jul 2025

Sixteen illegally upgraded e-bikes capable of speeds up to 40mph have been seized and disposed of in a joint enforcement operation in Birmingham city centre.

7 Jul 2025

Bristol-based Cytech training provider and ACT member Life Cycle has launched its award-winning Bikes Beyond Bars programme at HMP Bullingdon, expanding a project that has already impacted lives...

4 Jul 2025

New data from Strava reveals a major surge in cycling across the UK, with Gen Z and Millennials leading the charge.

3 Jul 2025

Shimano has launched an urgent investigation into what it describes as a “critical” shortage of skilled bike mechanics across Europe, warning that the situation threatens to...

2 Jul 2025

MPs have called on Amazon and eBay to tighten controls after e-bikes and chargers flagged as serious fire risks were found for sale on their platforms.

25 Jun 2025

The E-Bike Positive campaign has seen major success in the first half of 2025, with its message reaching nearly 8 million people across the UK through high-profile media coverage and growing...

20 Jun 2025

The House of Commons Business and Trade Committee has asked the ACT, and its parent company Bira, to help them reach out to small business retailers across the country, for their quick input on...

20 Jun 2025

Activate Cycle Academy has reopened its Cytech training facility in Darlington, offering a full range of courses from Home Mechanic up to Cytech Technical Three.
 

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Getting Your Business Ready for 2024: A Guide for Cycle Traders

Posted on in Business News , Cycles News

A new year means new challenges – but also new opportunities for cycle traders too and planning now so you can gain a competitive advantage and thrive in the warmer months will be key to exploiting the potential that 2024 will offer.

In this article, we delve into key strategies that can help your business not only be visible online but also offer a seamless purchasing experience for customers.

2024

 

1. Optimise Your Online Presence

The UK has the most advanced e-commerce market in Europe and is estimated to have approaching 60 million e-commerce users — leaving only a minority of the population as non-digital buyers. Shopping online has become the norm.

Having a strong online presence, therefore, is crucial for any business. Ensure that customers can easily find your business online by optimising your website for search engines. Your website should not only be user-friendly - clear and easy to navigate - but also should encourage potential buyers to explore your product ranges.

 

2. Offer Flexible Finance Options

To cater to a broader customer base, you should consider implementing finance options. Differentiate your finance offerings based on the stock items, providing cheaper subsidy-carrying finance options for sale stock. This not only attracts budget-conscious customers but also helps clear out old inventory, making room for new products

 

3. Train Your Staff on Finance Sales

Equipping your staff with the knowledge and skills to effectively sell using finance options is essential. A well-informed sales team will be able guide customers through the financing process, addressing any concerns and making the purchasing experience smoother.

 

4. Bundle and Maximise Sales

We recommend creating enticing bundles that maximise the sale of complementary items such as locks, helmets, and shoes. In doing so, you are not only adding value to the customer's purchase but also increasing the overall transaction value. Bundle offers can be highlighted on your website and on your social media channels, enticing customers to consider additional accessories during the buying process.

 

5. Keep Your Website Up to Date

An outdated website can be a big turn-off, driving potential customers away. Make sure your website is regularly updated with the latest products, promotions, and financing options. Prominent display all purchasing options from the moment customers land on your site – it will help streamline the buying process.

 

6. Promote Through Online Advertising

Leverage online advertising to reach a wider audience. Clearly communicate that customers can turn their dream of owning a bike into reality with manageable monthly finance options. Highlighting this message through targeted online advertising can significantly increase brand awareness and drive traffic to your website. Paid posts on social media channels, either geo-targeted and/or based on an interest in cycling, could be worth exploring too.

Implement these strategies and we are confident you will be positioning your business for success in 2024. From optimising online visibility to providing flexible finance options and bundling complementary products, these steps will ensure that your business not only stays competitive but also offers a superior purchasing experience for customers. As we embark on the new year, let's gear up for a prosperous and rewarding journey in the world of cycle trading.

 

machanic

 

How The ACT can help you provide retail finance to your customers

The ACT provides an all-encompassing retail finance solution tailored to meet your business's unique requirements. Discover more details by clicking here

Want to learn more? The ACT also offer online training on retail finance for cycle traders here.

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