JackStraw13 wrote:
Nick how are things going with the sales of the Omni? Are they meeting your expectations? I know it’s got to be a tough market to get in to.
We've actually been delighted with how Omni has done. One thing to keep in mind: we have not, to this point, had ANY physical presence with any of our products. So when a customer buys an Omni, they have never had the opportunity to see it in person. That means that all of our Omni customers are buying it sight-unseen, no test ride under the belt. That's a BIG deal, and requires a LOT of trust from these folks. So we have been really excited by how Omni is doing, in that light.
So this begs the question of why haven't we exhibited and gotten the bike out in front of more people. There are several factors, but the most salient is that we haven't wanted to use such a big chunk of our working capital to do so. TriRig has never been injected with huge amounts of capital. There's no investor. There's no trust fund. There's no venture capital debt. Everything is organic, and funded ou of our own sales and cash flow. So when we make a big investment, we're not using any "play money" - it comes directly out of the profits of the company. Therefore, every investment is very carefully considered.
We do finally think it's time to start organizing some physical presence. In 2019, we will be exhibiting at a small number of events (to be announced soon), to try and help more folks get their eyes and hands on our products. And I think once they do, there will be a whole lot more folks on Omni :-)
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TriRig.com