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Hyperlite and the state of Wakeboarding

 
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MeanGreen
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PostPosted: Nov 30, 2008 6:28 pm    Post subject: Hyperlite and the state of Wakeboarding Reply with quote

Hello all.

I have been working on some wakeboard designs in my garage and I'd love to compete with Hyperlite in the near future and bring about some exciting changes to the sport.


From Wiki: "Hyperlite is frequently cited as the 'best' wakeboard manufacturer, but many wakeboarders feel that the company is overcommercialising the sport and is moving it away from its core values."

Would you agree with this statement and what would you say the "core values" are?

Also, what are your complaints about options available today? Whether it be wakeboard design or ropes, whatever. What would you like to see changed?


- Keven
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PostPosted: Nov 30, 2008 6:36 pm    Post subject: Reply with quote

Too many gimicks and an obsession with bling. Take that as more of a view on the industry as a whole, not one particular company.
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PostPosted: Nov 30, 2008 8:58 pm    Post subject: Reply with quote

criminally_minded wrote:
Too many gimicks...


X2

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PostPosted: Nov 30, 2008 9:08 pm    Post subject: Reply with quote

Let's stop seeing 200% mark up from resalers, this stuff is absurd, if people want our sport to grow then stop being so greedy.
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MeanGreen
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PostPosted: Nov 30, 2008 9:23 pm    Post subject: Reply with quote

Kind of like this?


Shaped by Aaron
Fully Machined Nova Core
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Abrupt Continuous Rocker
Two Stage Channel
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Molded Landing Feature
Monocoque Construction
Layered Glass
Limited Lifetime Warranty
Built in the USA
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PostPosted: Nov 30, 2008 9:40 pm    Post subject: Reply with quote

hco, would you rather get them factory direct and have no customer service or support? Even with the markup from retailers, many local shops are still going out of business in today's economy. And most retailer markups are closer to 50%, meaning they pay about 2/3 retail price for the product they sell.
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PostPosted: Nov 30, 2008 9:42 pm    Post subject: Reply with quote

Eh, some places are definitely making 100%+, and alot of local shops are going out of business because they just can't compete with gigantic online stores who can offer almost the same support. Also, alot of local shops just aren't that great at doing their job, and it is especially tough to be just a wake/ski shop in areas that may not be that popular. IMO, I think the best thing to do is open a shop at a marina/with a marina that sells boats, is on the water, etc... alot of shops do not have things like these which definitely makes it harder to move product.
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PostPosted: Dec 01, 2008 8:15 am    Post subject: Reply with quote

I wouldn't call some local shops' "customer service or support" all that worthwhile, either. One of my 3 local shops is full of guys that have no business selling boards-but if you're lucky you go there on the day the guy who DOES know something is there. In my experience, in our limited market, the guys who sell boards are "qualified" to do so because they ride a lot or are good riders. There expertise was pretty much limited to "I ride a Liquid Force so it is the best." That was the only brand that shop would carry, too.

That didn't help me much when I was a beginner. I first went in there looking for a board to upgrade to from what I was riding, and knowing nothing. I was thinking about buying the board that would get me the biggest air possible and nothing else. The guy I got hooked up with said "dude" and "bro" so much, and named so many tricks and used so much riding terminology, that my head was swimming and I had no idea what he was talking about by the time it was over. No discussion about curve, fins, stability, the need to learn proper edging and what boards would be better/worse for that, a comparison to what I was already riding, etc...nothing. I remember thinking he was stoned...not that there is anything WRONG with that-just not what I need while I'm trying to make a $400 investment.

So, I left and did as much research as I could online. Then, I went to that shop's competitor and bought a board without asking a single question-probably out of fear. Not the best way to get into the sport and grow it, IMHO. I think the board manufacturers should require some minimum training or provide their sales people with some charts/brochures/literature for sales guys to use in selling boards to beginners. Post those bad boys in the shop for their guys to point to while educating their new buyers. Experienced riders don't need that stuff as much, but if you're trying to grow the sport your newbies are the ones you have to win over.

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PostPosted: Dec 01, 2008 12:33 pm    Post subject: Reply with quote

pet575, most brand reps will do a clinic when their new lines come out every year so salespeople will have some basic knowledge of what they're selling. If you're ever in need of information about boards or gear, call a shop that has a good reputation, even if you're not going to buy from them. Most of the sales staff at our shop is more than happy to talk product with callers, just don't try to act a like a badass. When you're talking product, especially boards, the less you try and bring to the table, the more you can take away from it.

Oh, and don't use this gem: "I'm not a pro or anything." I know you're not a pro. If you were, I'd more than likely know you, and you'd more than likely not be calling me to find out info about boards.

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PostPosted: Dec 01, 2008 1:05 pm    Post subject: Reply with quote

hco, Where have you seen 100% markup on a wakeboard? My previous job was selling boat accessories including wakeboards and stuff and we were overpriced compared to most dealers and even we didn't have anything (other than clothing) that was 100% markup. Most wakeboards are in the 50%-75% markup range which really isn't that bad. Retailer buys board from company for $200 and sells it for $300. Thats a markup of 50% but the retailer is only profiting 33% on the sale. And you have to sell a lot of boards at 33% margin to keep afloat.

Most "boardshops" make their money from selling accessories like clothing, watches, stickers and even handles. That stuff you will see close to 100% markups and even higher but it's a much smaller dollar amount so they need volume to make money.

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PostPosted: Dec 01, 2008 4:05 pm    Post subject: Reply with quote

If you are a shop trying to make more than a 50pt margin on anything, they are overpriced.

intotheflats, Your profit margin is 50% in your example not 33% since you only outlayed $200 for the product.

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PostPosted: Dec 01, 2008 4:06 pm    Post subject: Reply with quote

33% is only early in the season. By mid-July factories release their close-out list--at that point shops are lucky not to loose money on their boards. When it hits boarders best buy they are dead.

I don't know how some sites offer 70% off unless they only shop those lists. Personally, I think it is really sad and that manufacturers should forecast better and protect the value of their product.

This will be a tough year for a lot of local shops.

Disclaimer: I do not work for a shop.

Mean Grean, Good luck with the board project. I used to build skis on my apartment balcony in Lewisville.

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PostPosted: Dec 01, 2008 4:37 pm    Post subject: Reply with quote

Quote:

Personally, I think it is really sad and that manufacturers should forecast better and protect the value of their product.

I own a board shop and It is hard as you know what to make ends meet. We offer the same prices as the on line shops do,and it's still hard to compete. Like Justin said when the close out prices come out, it's a joke trying to get rid of your product.

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PostPosted: Dec 01, 2008 6:00 pm    Post subject: Reply with quote

I am pretty sure that overtons and those guys are making pretty close to 100% markup on some boards as well.

Last edited by hco on Dec 01, 2008 6:44 pm; edited 1 time in total
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PostPosted: Dec 01, 2008 6:39 pm    Post subject: Reply with quote

hco, probably.. thats the only boardshop within 100's of miles of me unfortunately. They don't even start having things on sale until they're nearly 2 years old. Colorful I'm forced to go to online retailers. I would love to buy from a local shop though, I'd love to work at a local shop... but none exist Sad
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PostPosted: Dec 01, 2008 6:45 pm    Post subject: Reply with quote

Yep, the only local shop here only has one 50% off sale once a year, but if you are nice and know him he may cut you a deal when the sale isn't going on. But the sale happens very late in the fall, especially for CT, so I don't think too much is moved. But w/e, it's their duty as a store owner to keep bringing guys in and whatnot.
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PostPosted: Dec 01, 2008 9:10 pm    Post subject: Reply with quote

MeanGreen, honestly, the "gimmicks" you bolded are not really gimmicks at all. The machined core greatly increases the manufacturer's cost of production, and has a great benefit on the ride of the board. The molded landing feature is also not a gimmick, the marek has a defined spine to break water on landings. The biggest gimmick on Wakeboards IMO is the pro's name assigned to it. It costs Hyperlite the same amount to Manufacture a motive as it does an Era or B-side. The high-end core boards do cost significantly more to produce, such as the sub-six, Murray and Marek, but the rest of the boards in their line (everything with a biolite core) is the same construction-wise. It wouldn't surprise me if the metal fins cost more than the board to manufacture.
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PostPosted: Dec 02, 2008 8:12 am    Post subject: Reply with quote

J-Ro, Your right, I was looking at it as a % of sales cause that is what im used to.
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PostPosted: Dec 02, 2008 8:13 am    Post subject: Re: Hyperlite and the state of Wakeboarding Reply with quote

MeanGreen wrote:
Also, what are your complaints about options available today? Whether it be wakeboard design or ropes, whatever. What would you like to see changed?


I guess I kind of got off on an unrelated rant in my previous post. What I would like to see changed is education about boards for newbies and beginner-to-intermediate riders. Sure, we'd all love to become expert riders who can look at a board and know what it will do for us, but the sad fact is that many riders will cap out at some 360's or an invert or two and that is the best they'll ever do-they just want something that will help them be good riders at their level.

So, why do they need the very best and most complicated board out there? I was lucky enough to learn on a borrowed board prior to purchasing my own, so I could get a little time on the water prior to shopping. Many don't get that and IMHO the sport loses them early because they don't understand what they need or what the differences in boards will feel like and how those will affect their riding.

Why not have placards that board manufacturers distribute to ALL of their dealers with easy-to-read diagrams/pictures and explanations about rocker types, spines, fins, etc. that will give people a better idea of what that sales guy is talking about? They can use that info, along with the sales guy's knowledge (however much that may be), to choose a board that is right for them. Post them on the walls near the board racks.

Unfortunately, I'm the type of guy who is going to get skittish about spending $300-500 on a product I know nothing about. What if I buy the wrong kind? Will it hurt my learning curve? Will I fall more often? Will I wish I'd bought something completely different 5 months later? Is it the right kind of board for the wake I'll be mostly riding behind?

I think the lack of education of newer riders hurts the sport. They can't wrap their mind around why they should spend $450 on a setup instead of the $200 version they can find in the Boaters World shop or on the BassPro website. Face it-getting new people into the sport is how you grow it, not by selling a limited group the highest-end equipment possible. So why not help them understand why they should spend the money up front?

[/2nd rant]

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PostPosted: Dec 02, 2008 3:24 pm    Post subject: Reply with quote

J-Ro wrote:
Your profit margin is 50% in your example not 33% since you only outlayed $200 for the product.


No actually, that is a 50% markup which = 33% gross margin.

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PostPosted: Dec 02, 2008 4:25 pm    Post subject: Reply with quote

We all (dealers ) have a set price that we cannot advertise less than. That doesn't mean that it can't be sold cheaper. ASK.. you might get a little more knocked off.
On the other side, some dealers have to borrow money to get their stock, or if not their money is sitting there all summer long in the racks losing intrest. Not to mention rent, etc.
So there is a certain profit you have to make or why even stay open. Smile

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PostPosted: Dec 02, 2008 11:02 pm    Post subject: Re: Hyperlite and the state of Wakeboarding Reply with quote

pet575 wrote:
MeanGreen wrote:
Also, what are your complaints about options available today? Whether it be wakeboard design or ropes, whatever. What would you like to see changed?


I guess I kind of got off on an unrelated rant in my previous post. What I would like to see changed is education about boards for newbies and beginner-to-intermediate riders. Sure, we'd all love to become expert riders who can look at a board and know what it will do for us, but the sad fact is that many riders will cap out at some 360's or an invert or two and that is the best they'll ever do-they just want something that will help them be good riders at their level.

So, why do they need the very best and most complicated board out there? I was lucky enough to learn on a borrowed board prior to purchasing my own, so I could get a little time on the water prior to shopping. Many don't get that and IMHO the sport loses them early because they don't understand what they need or what the differences in boards will feel like and how those will affect their riding.

Why not have placards that board manufacturers distribute to ALL of their dealers with easy-to-read diagrams/pictures and explanations about rocker types, spines, fins, etc. that will give people a better idea of what that sales guy is talking about? They can use that info, along with the sales guy's knowledge (however much that may be), to choose a board that is right for them. Post them on the walls near the board racks.

Unfortunately, I'm the type of guy who is going to get skittish about spending $300-500 on a product I know nothing about. What if I buy the wrong kind? Will it hurt my learning curve? Will I fall more often? Will I wish I'd bought something completely different 5 months later? Is it the right kind of board for the wake I'll be mostly riding behind?

I think the lack of education of newer riders hurts the sport. They can't wrap their mind around why they should spend $450 on a setup instead of the $200 version they can find in the Boaters World shop or on the BassPro website. Face it-getting new people into the sport is how you grow it, not by selling a limited group the highest-end equipment possible. So why not help them understand why they should spend the money up front?

[/2nd rant]


Thanks. That's exactly what I was looking for. I'd say 90% of people that I bring out on my boat that want to try wakeboarding have NO IDEA what they need based on their skill set. Or they say "Oh I tried this once but haven't done it since," which is crazy to me.. first time I tried it I turned into a full blown wake addict
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PostPosted: Dec 03, 2008 1:05 pm    Post subject: Reply with quote

A wakeboard should a simple design. Features like a spine or rolled edges are ver very important and functional. Yes a light board is important but Hyperlite IMO is taking a huge risk with the Sub6 lihgtweight line. I think they call it that because it costs like $599 or something crazy. :p

I wish I could be a product tester or have some way of voicing my opinions to the companies!

My personal opinions as an amateur rider of 12+years:

-Lack of art or real artists to design graphics for Hyp
-IMHO Liquid Force makes the best core that is lightweight but strong and their shapes have always just felt superior to me.
-Some company needs to make womens gear that is respectable. Blue and pink flowers is crap for barbie girls and that is not what wakeboarding is about. Wkae girls are hardcore and need long boardshorts and real graphics. PLEASE!

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PostPosted: Dec 03, 2008 1:30 pm    Post subject: Reply with quote

No, they dont need long boardshorts, i like to see butts.
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PostPosted: Dec 03, 2008 2:06 pm    Post subject: Reply with quote

WakeMikey wrote:
I think they call it that because it costs like $599 or something crazy.


I used to pay that or more for honeycomb boards when that was all the hype and they turned to crap after a year or 2 of use because they were "fragile". At least the new stuff holds up better than honeycomb did and costs the same or less than honeycomb did.

The whole thing is really simple. They charge that because they can. People will pay $600 for a deck if they want it bad enough. We all have the ability to NOT buy it if we think it is overpriced. Would I pay $600 for a board? Years ago when I was hardcore and rode 4-5 times a week I definitely would pay that kind of money for what I wanted. Now that I am lucky to get out 4-5 times a season, no way would I pay that because it would be a waste for me.

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PostPosted: Dec 05, 2008 12:16 am    Post subject: Reply with quote

Anyone else? What would you really like to see changed?



Ropes that don't get tangled? Boots that are easier to get into that don't require lube all the damn time?


What is it?
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PostPosted: Dec 05, 2008 12:36 am    Post subject: Reply with quote

MeanGreen wrote:
Ropes that don't get tangled? Boots that are easier to get into that don't require lube all the damn time?


I already have a coated spectra line, and know how to properly coil it. Wink I haven't used lube in years for my bindings either. Laughing

I admire your ambition though, good luck with the project!

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PostPosted: Dec 05, 2008 8:44 am    Post subject: Reply with quote

My rope doesnt tangle either and I have never used binding lube in my lfe... after 5 years now.
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PostPosted: Dec 05, 2008 10:05 am    Post subject: Reply with quote

My line tangles when we lazily put the rope away, so we don't do that. I dont NEED binding lube, but it sure does help.
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PostPosted: Dec 05, 2008 1:27 pm    Post subject: Reply with quote

Quote:

J-Ro wrote:
Your profit margin is 50% in your example not 33% since you only outlayed $200 for the product.


No actually, that is a 50% markup which = 33% gross margin.


Nobody uses gross margin in retail. They use profit margin, which is 50% ($100 profit for a $200 item)

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PostPosted: Dec 05, 2008 8:21 pm    Post subject: Reply with quote

MeanGreen, LF (and others) have made lube obsolete with bindings with neoprene/similar material liners. Slide them on like socks. I hate coated lines actually. They tangle just as much as my uncoated, dont coil as well, and the coating (especially at the loops) gets torn up super easily. I know how to coil so I dont usually have bad tangles with either one though.
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PostPosted: Dec 06, 2008 2:22 pm    Post subject: Reply with quote

I was just trying to spur some conversation on what improvements could be made.

I'm still stuck with bindings that need lube all the time, so just used that as an example.


Hoping to launch my brand by Summer 09 .... lots of work ahead!
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PostPosted: Dec 06, 2008 2:54 pm    Post subject: Reply with quote

MeanGreen, yeah I hear ya...I would like ballast pumps that actually work all the time (no airlock, seal problems, etc)
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PostPosted: Dec 06, 2008 3:22 pm    Post subject: Reply with quote

LFADAM, the right coated lines work amazingly well. Accurate A-line and X-line, IMO blow the rest of the competition out of the water. Straight Line has some new ones that work great too, The Benny G and Lyman Pro ropes. Older SL's, LF's and Prolines have never held up for me though
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