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Peloton to charge $95 activation fee for used bikes

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Re: Peloton to charge $95 activation fee for used bikes

#91

Post by KennyBlanken »

savanaly wrote: post #73
fracus wrote: post #68

Earlier quoted context omitted.

I mean, just the idea of paying for a subscription to ride a stationary bike is wild.

>the idea of paying for a subscription to ride a stationary bike You're not. Like was said above, you can ride it as a stationary bike for free. You're paying for the video content put out by Peloton which is added to daily, like a tv station. I can't help sounding like a sales person at this point but I'd also point out you get access to all their old content plus the fact that all this content is tied directly to y…

There's nothing unique about the "old" video content that makes it attractive other than the fact that their top "trainers" are leaving in droves.

Re: Peloton to charge $95 activation fee for used bikes

#92

Post by loeg »

afavour wrote: post #46
ApolloFortyNine wrote: post #30

They are losing money still so desparate moves like this I guess make sense, but adding friction to the new subscriber workflow just seems wild. There's a reason why just about every subscription out there offers free trials/discounted first months. It's to get you in the door. It's not even as if the bike is disabled when bought used, you can just use it like any other spin bike happily. This ONLY effects people who…

> It's not even as if the bike is disabled when bought used, you can just use it like any other spin bike happily. While that’s true, a Peloton attracts a premium price above regular spin bikes. So if you had no intention of using the software you’d just buy a cheaper bike. If you do intend to use it you now have to add $95 to whatever price you’re paying.

> While that’s true, a Peloton attracts a premium price above regular spin bikes.

Well, they used to.

Re: Peloton to charge $95 activation fee for used bikes

#93

Post by timeon »

matwood wrote: post #25
cyberpunk wrote: post #4

... Isn't capitalism great? I remember a thread on here a while back where some folks were sharing their peloton-alike setups and sadly I've lost the bookmark for it. Isn't it possible to hook a road bike up to some kind of 'bike treadmill' or such and go on virtual rides (maybe with an iPad or a tv or something infront of it?). With the kinds of money Peloton are charging, it did seem like a much better deal, and yo…

It does seem odd for Peloton to put any friction up to a new subscriber, given that's where they really make their money. There are plenty of other setups with various levels of connectedness. Cyclists I know love Zwift, though they also sell a bike type thing and their kickers are not exactly cheap. I'd argue that Peloton is likely still the best at home spin studio replacement if that's what people are looking for.…

Zwift is maybe more popular with road cyclist because they want to ride actual road bike. Another possibility is marketing. Zwift is promoted at events like Tour de France and is main sponsor of woman's TDF. Now when I thinking about it, it would be odd if Peloton was promoted in bike races. Because the name is so generic in that context.

Re: Peloton to charge $95 activation fee for used bikes

#94

Post by shagie »

anticorporate wrote: post #53
shagie wrote: post #45

Earlier quoted context omitted.

Weight gain is a sign of pregnancy. I've gained weight... A̶m̶ I̶ P̶r̶e̶g̶n̶a̶n̶t̶?̶ Am I pregnant? It's highly doubtful - I've got the wrong plumbing. There can be lots of reasons that a company mistreats their customers. I would be very hesitant to say that every instance of mistreatment of customers is an indication of monopoly status... and while they are (were?) the most popular ... https://www.traqline.com/news…

To be clear, it's a signal of monopoly. Not every signal is meant to be used in isolation. Weight gain in association with other changes is still a signal for pregnancy, just as mistreatment of customers in association with other characteristics of monopolization is a signal of monopoly status.

I take issue with people making suggestions that some company is a monopoly each time a company is found to be mistreating its customers.

If one wants to claim that some company of a monopoly - they should back it up with more than one signal... such as a dominant position in the market, no substitutes for the products, or lack of concern about other companies entering the market (such as NordicTrack).

Re: Peloton to charge $95 activation fee for used bikes

#95

Post by KennyBlanken »

xeromal wrote: post #59
eej71 wrote: post #49

Earlier quoted context omitted.

Perhaps when the current Sonos CEO is freed up, which might be quite soon, he can take on this one.

The starbucks CEO just freed up.

No he didn't...he just negotiated another huge increase in pay and weekly use of a corporate jet for a 1000 mile commute back and forth from SoCal to Seattle.

Funny thing is, he just left Chipolte - where he got them to move their HQ from Denver to where he lives in SoCal.

Re: Peloton to charge $95 activation fee for used bikes

#97

Post by pugets »

If I did a push-up for every product that has “revolutionized” the fitness world in the last several decades, you would see my body and probably assume that I had used those products.

If you have a floor, a wall, and autonomy over what enters into your mouth, then you already have everything you need to gain muscle and lose fat.

Nobody needs a $1400 bike with a $40 monthly subscription to maintain a calorie deficit. It’s absurd. Peloton preys on their customers’ fear of sunk-cost by selling common exercise equipment at exorbitant prices. They want you to fear that if you don’t use the equipment, then you’re wasting your money.

Re: Peloton to charge $95 activation fee for used bikes

#98

Post by xeromal »

KennyBlanken wrote: post #95
xeromal wrote: post #59

Earlier quoted context omitted.

The starbucks CEO just freed up.

No he didn't...he just negotiated another huge increase in pay and weekly use of a corporate jet for a 1000 mile commute back and forth from SoCal to Seattle. Funny thing is, he just left Chipolte - where he got them to move their HQ from Denver to where he lives in SoCal.

I'm talking about Laxman Narasimhan who was just axed from starbucks.

https://en.wikipedia.org/wiki/Laxman_Narasimhan

He's now free for Peloton. It was a joke but now it's no longer fuuny. lol

Re: Peloton to charge $95 activation fee for used bikes

#99

Post by rdtsc »

afavour wrote: post #46
ApolloFortyNine wrote: post #30

They are losing money still so desparate moves like this I guess make sense, but adding friction to the new subscriber workflow just seems wild. There's a reason why just about every subscription out there offers free trials/discounted first months. It's to get you in the door. It's not even as if the bike is disabled when bought used, you can just use it like any other spin bike happily. This ONLY effects people who…

> It's not even as if the bike is disabled when bought used, you can just use it like any other spin bike happily. While that’s true, a Peloton attracts a premium price above regular spin bikes. So if you had no intention of using the software you’d just buy a cheaper bike. If you do intend to use it you now have to add $95 to whatever price you’re paying.

>a Peloton attracts a premium price above regular spin bikes. So if you had no intention of using the software you’d just buy a cheaper bike. If you do intend to use it you now have to add $95 to whatever price you’re paying.

Good point, it's like a signal that "our bikes are a premium product: you'll pay more, and feel good about it, too!". However, like a sibling comment pointed out, that sort of conflicts with the used aspect of it. If someone is planning on spending cash on a premium exercise bike, they'll pay for a new one.

Re: Peloton to charge $95 activation fee for used bikes

#100

Post by elzbardico »

pugets wrote: post #97

If I did a push-up for every product that has “revolutionized” the fitness world in the last several decades, you would see my body and probably assume that I had used those products. If you have a floor, a wall, and autonomy over what enters into your mouth, then you already have everything you need to gain muscle and lose fat. Nobody needs a $1400 bike with a $40 monthly subscription to maintain a calorie deficit.…

> autonomy over what enters into your mouth

This is incredibly underrated. Basically I lost weigth by focusing on this first. then exercising became easier.

YMMV, but one thing that helped me control food intake was meditation, for a lot of us, over-eating is a response to anxiety.

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