Do you remember the first thing that you purchased online? How long ago was that? Last year? Five years ago? Would it have been as long as 10 years ago? Has the internet been widely accepted by the general public as a viable way to purchase goods and services for 10 years?
The answer is “yes”. The proof, New Edge Performance celebrates it’s 10th Anniversary in August 2010. Operating 10 years online….that seems like it is not possible. Time flies when you are having fun and learning , not only a new business, but a new business model.
Back in 2000, after we all survived the “Y2K” scare, New Edge Performance was started to serve a new customer in a relatively new market niche, using a new business model. Let me explain; there was a segment of automotive enthusiasts who were looking for vehicles other than what had been traditionally modified for show, racing, etc. Around the year 2000, there were only a handful of vehicles still “available” (new or used) such as the Ford Mustang GT, Chevrolet Camaro, Pontiac (remember them?) Firebird, and a couple “high performance” versions of some mid-size and full-size pick-up trucks. Older “muscle cars” were out of reach for many younger enthusiasts due to price or the extensive renovation that many required due to the deteriorating condition of such an older vehicle.
So many younger automotive enthusiasts who were not interested in the traditional high performance platforms, turned their attention to the widely available compact cars such as Honda Civics. As the market for high performance parts grew for Hondas and other import cars, many of the traditional speed shops and automotive parts retailers chose not to service this segment of the market. Thus, car stereo shops and cell phone stores were often offering performance parts for the popular import cars to satisfy the needs of the new enthusiasts.
These new enthusiasts were quick to embrace the internet as a reference source for information instead of the traditional print medium of car magazines. These same enthusiasts would also scour the internet for performance parts and accessories that were not available elsewhere. Those retailers offering parts to this market segment by way of e-commerce found many customers ready to spend money.
As the Import/Sport Compact market segment continued to develop beyond the popular Honda Civics and Acura Integras and domestic-made Sport Compact cars became accepted, some retailers chose to cater to narrow market segments such as only serving one make and model of vehicle or only imported vehicles.
In the Summer of 1999, Ford had introduced it’s then new Focus model to the North American market. Ford was making a significant effort to market the Focus to the younger “tuners” hoping to get a new customer and keep them in Ford products throughout their car-buying years. Ford worked with aftermarket and performance manufacturers to get them to offer parts and accessories for the new Focus. And the aftermarket responded with product, lots of product.
There was just one small problem. Traditional Speed Shops and other automotive parts retailers didn’t know how to reach the Sport Compact “Tuner” market. Few Mustang specialists who move lots of high performance parts for Ford Products wanted anything to do with the Focus. And most Sport Compact or “Tuner” Shops wanted nothing to do with a domestic car like a Ford Focus.
This was the “window of opportunity” for which New Edge Performance was created in August of 2000. The objective was simple; offer a large selection of Ford Focus performance parts and accessories by way of e-commerce and have what the customer wanted in stock to fill orders quickly. It worked. There was plenty of competition, but you cannot be afraid of that…especially on the internet.
From this humble beginning with 10 Ford Focus items on a Yahoo Store, New Edge Performance has grown to offer over 550 items for a number of popular makes and models of Sport Compact vehicles as well as the Ford Mustang. Sure, there are larger e-commerce stores out there, some of them call New Edge Performance when they can’t figure out which 2.0L engine is in their customer’s Focus!
As many of my customers traded-in their beloved Focus (Foci? Focuses?), they would call New Edge Performance looking for performance parts and aftermarket accessories for their new rides. This helped to fuel the growth of New Edge Performance’s expansion into new market segments such as the New Mustang (2005 and newer S197), Honda Fit, 2006 and newer Honda Civic and Si, Cobalt SS, Scions, MINI Coopers, Miatas, SRT4, WRX/STi, 350Z, Mazda3, Acura Integra and RSX, and many more to come.
So as August 2010 rolls around, I would like to thank all my customers and suppliers who took a chance on New Edge Performance and made all this possible. I also have to thank those who went out on the various message boards and made recommendations to use New Edge Performance to other like-minded automotive enthusiasts. And I also have to thank my wife and my son for putting up with the long hours …missing ball games, being late for dinner, spending way too much time online. They also made this 10 year anniversary a reality!
Link to see webstore http://www.newedgeperformance.com/