In Part 2 of this 3 part series on Ride the Divide, I examined the strategic, well executed, and successful event strategy that Hunter Weeks and Mike Dion engaged. In this third and final part, I will take a look at their merchandise and digital strategies and execution. Finally, I will touch on some of the key points that they have learned so far on this journey.
They began selling “plain vanilla” versions of their DVDs at their live events. They started selling from their online store in April just after their world premiere at Vail Film Festival (DVD, Poster, Soundtrack). To date they have grossed $55,000 from all merchandise in the on-line store (this includes around $13,000 for the screening boxes). They’ve sold 1300 DVDs and Blu-Ray through their store.
But they are not just selling from their online store – they partnered with Video Action Sports and Rep Net who buy them at between 40% and 50% of the retail price for each DVD sold – about $10.00 per DVD. They researched each of these wholesalers to make sure they were 1) getting a good deal that made financial sense and 2) that the wholesalers had good reputations for paying independent filmmakers. These distributors get the Ride the Divide DVDs into larger chains and into major on-line retailers. They’ve sold another 600 DVDs through these wholesale accounts.
Continue reading →