1 year down

Just over a year ago we launched sailingbits into a bit of a test phase to see if the idea had legs.

And a year later we’re still here. So that’s a good sign.

We’ve expanded our product range from what started with some custom components for 18s, Moths and 9ers to include a rapidly expanding catalog from some high profile sailing clothing names like Gill, Zhik, SLAM and SEA. We’ve also lined up good products from Tacktick and Velocitek.

We’ve signed up with manufacturers like Bladerider to resell components and even whole boats. Then we have relationships with KA Sails and CST Composites to offer basically all the best bits we use on our own boats.

And we’re now testing the waters with fittings from Ronstan & Harken.

So our product range is expanding week by week, and our sales are trending up nicely, so we’ll be around for a while longer yet.

The selling-on-the-net gambit has been an interesting experience. Far from the passive income dream, it’s been far more work than any of us bargained for, and the workload is piling up faster and faster. Alex is still busy chasing money, John is still busy chasing products and customers and I’m still busy chasing technology. While we’re using technology in a rudimentry way to get products out there, I think it can be used better to make sure we know exactly where, when and how everything is going and how much its making at a point in time. I’m going to have to get my hands dirty at some point to try and get the workload to scale in a better-than-linear way. Sailing 7 days-a-week and spending the rest of the time in the office or rigging 18 footer masts hasn’t left me much time to do it, but the goal is to take sailingbits.com to the beta stage soon.

And while we’re battling away under the extra workload, we haven’t even started advertising yet. Our google adwords campaigns are small, and at this point returning a disappointing 0% ROI. We’ve avoided the traditional media completely, and haven’t started to engage with the popular online brands like anarchy or sail-world. We’ll get to that eventually. In the meantime we’ve done remarkably well by knowing pretty much who all our customers are directly and using some gratuitous plugs now and again. There’s still plenty of people we don’t know.

We’ve gone and sourced a couple of gucci custom made bits, and have plans to make even more.

While we’re notionally based in Sydney, to date a small majority of our sales would be to customers Internationally.

So things are good. 1 year down. We’re in business. We’re making a profit. And there’s still plenty of room to improve.

What do you think?

10 Responses to “1 year down”

  1. bora Says:

    Good on you, I think you guys have been doing a tremendous effort

  2. bora Says:

    will have to celebrate with my first order i think

  3. scott Says:

    about time bora!

  4. Les Says:

    I still plan to purchase a few upgrades for Sector. And you know how hard it is for me to get round to upgrading boats/components. you must be doing something right.

  5. Joe Bousquet Says:

    I may never beat Bora around a course (unless, possibly, it has more than 3 laps…) but I did beat him in ordering some bits. Can’t wait til the new foil arrives to try ‘em out.

  6. Burkhard Staabs Says:

    Hi Scott,

    try this: http://www.amazon.com/4-Hour-Workweek-Escape-Live-Anywhere/dp/B000PDZF70/ref=pd_bbs_2?ie=UTF8&s=aps&qid=1229081725&sr=8-2

    Helped me to start thinking in different ways.

    Cheers,
    Burkhard

  7. diver dan Says:

    Sell dive gear!

  8. FIGJAM. Says:

    Hey Scott, ill buy some things again now sailing is off the back burner and its not so hot again. Ill be in need of a CST boom soonish i think!!

    Maybe you should get a few boom / sail stickers on different mothies boats around the world!!!?? I’ll put one on for nothing.

  9. Kiwi Says:

    Good to see your selling yourself on your blog again Scott!
    Well done though on Sailing Bits a cool little tendy yachting store fits perfectly into the Niche Dinghy market – good stuff!

  10. Kiwi Says:

    I meant Trendy

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