
Great article on washingtonpost.com today. Cool conversation about the emergence of a former niche product into a stylish, in-demand product that will fetch a premium price from people who have no practical use for it: a 'fixie' bike.
In case you're like pretty much everyone else out there and don't know what a 'fixie' is, it's more or less a stripped-down, non-freewheel, non-braked bicycle with a
fixed gear setting, which means you have one option ... forward.
The fixie was originally designed as a racing bike for velodromes and served a very particular purpose. Since then, it's emerged as a practical and fashionable bike for city messengers, which if you've ever lived in New York, you've no-doubt been exposed to in an uncomfortably close call or two.
Now, it seems to be taking on hipster-urban-cool status, driven largely by the clean-but-gritty looks of a bike absent of wires, derailleurs, and massive sprockets. In short, it looks really cool. But the use? A little tough on the knees, and doesn't lend itself to dreamy coasts through the meadow ala Kermit the Frog and Miss Piggy in Manhattan's Central Park.
Nevertheless, it's showing how a product can lean on its urban-chicness to create a market where none existed. Companies such as Specialized (who bought Globe Bicycles) and Urban Outfitters are hopping on the fixie bandwagon, and are getting top dollar for it, selling the bikes for $500+.
Just goes to show that the right image for a product can mean big bucks. Marketing isn't always about great taglines and money-shots. Sometimes it's more important to let the product create its own message, and then let it take off from there.
Of course, it's just a matter of time until this becomes uncool. But before then, there stands to be a lot of money made by separating people from their money for brakeless, gearless, knee-busting bikes.
The article can be found here:
http://www.washingtonpost.com/wp-dyn/content/article/2009/09/27/AR2009092703241.htmlBonus points for incorporating the phrase "jump the shark" into the writing.
