Earlier quoted context omitted.
Do they command a premium when used? I have one that I got for free, YMMV.
> YMMV I thought they were stationary.
While stationary, it still measures the distance.
(Yeah, I get the joke)
Peloton to charge $95 activation fee for used bikes
101–110 of 172 posts
Re: Peloton to charge $95 activation fee for used bikes
#102If 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.…
Well, you’re not wrong in theory about the wall and floor, but if everyone did what you’re suggesting, public gyms would not exist.
The Peloton subscription does not just include cycling programs - there are many other exercise disciplines. The bike is expensive yes, but is a solid piece of kit and works great with the software (obviously I guess).
I don’t use our sub much these days but my partner still very much loves it. She uses it for the bike itself as well as yoga, stretches and some others.
The instructors are frankly incredible, there are so many of them and all provide different experiences. They are what you’re ultimately paying for.
Exercise is just as important for health is food is, it’s not all about losing weight.
Re: Peloton to charge $95 activation fee for used bikes
#103Peloton's interesting -- for the audience they target they have a pretty good product (if you're setting up your road bike on your stationary trainer and signing into Zwift, you're not their audience), they have a committed and paying user base, and their instructors turned into legit celebrities.
But the market decided they were going to be the next Apple, and they had a CEO stoking those flames (and killing a few kids along the way). Turns out that 2020 was not a great year to be forecasting who was going to be the next Apple (who would have guessed), and now they're paying the price.
If the market had accepted that Peloton was actually just a good fitness company they probably would have had the opportunity to be a decent company, just not the next Apple. Maybe not every company should try to pursue infinite growth.
Re: Peloton to charge $95 activation fee for used bikes
#104If 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.…
what if people enjoy being in good shape and having engaging workouts in the home?
Re: Peloton to charge $95 activation fee for used bikes
#105Earlier quoted context omitted.
The market is absolutely flooded with used bikes. Looking in my area I see two dozen on CL alone within a 30 mile radius for $300-$900 (the $900 guy is delusional.) Some people will never buy a used peloton, so this doesn't affect them. Some people will never buy a new one, but the bikes have depreciated so much that a used one is a "steal" at 20%-50% of its original cost, they will grumble about, but pay, the fee. P…
> Peloton doesn't care if your used Peloton doesn't sell Sure they do. People who buy a used bike are not necessarily substitutes for people who will buy a new one. And new ones are more appealing to purchasers if their resale value is high.
I literally said "Some people will never buy a used peloton, so this doesn't affect them. Some people will never buy a new one"
> new ones are more appealing to purchasers if their resale value is high.
The kind of people dropping $1.5k on a spin bike to pay $45/month for a glorified youtube don't care much about resale value.
Re: Peloton to charge $95 activation fee for used bikes
#106Earlier quoted context omitted.
The starbucks CEO just freed up.
Yup, let's recycle CEO's because they worked at a place that people have heard of before. It'll bump the stock price for next quarter. lol. (You're not wrong)
Yeah, let's recycle. But let them pay a re-initialization fee.
Re: Peloton to charge $95 activation fee for used bikes
#107Peloton is just bringing all the things people both love and hate about going to the gym to your home. This is just a copy of the gym's initiation fee. Next up: fixed-term contracts, impossible-to-cancel membership fees, and variable pricing via salesmen.
Does variable pricing happen outside of B2B?
Re: Peloton to charge $95 activation fee for used bikes
#108Just out of curiosity, is it easy to jailbreak a Peloton bike? Or are there any interesting open source stationary bike platforms?
You can use the bike as is - ie without a sub. The sub is for the classes.
Re: Peloton to charge $95 activation fee for used bikes
#109Earlier 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…
This is such a weird thing, paying to see scenery when riding your stationary bike and then post on the social network, when you can just go out with friends and bike for real in the nature.
Re: Peloton to charge $95 activation fee for used bikes
#110If 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.…
One of my high school gym teachers would tell us daily that we were born with everything that we needed to stay in shape.
That doesn't mean squat (heh!)
Most people still need desire and motivation and feedback. And these exercise tools can provide the latter two in droves if properly designed.