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Craytonic

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Posts posted by Craytonic

  2. Bangkok

    in General Discussion

    Posted

    I'm not arguing for argument's sake. See ken's point - it is not a fact that 50% markup is a good markup for consumers. The problem is here, and perhaps elsewhere where you are drawing arguments, you have made a factual assertion about something that is very subjective.

    Obviously you had to expect to be a lightning rod on some issues after sticking your neck out there with the little white lies thread ;)

    The best markup for consumers is marginal (just enough for seller to get by). This will happen if entry barriers to the market are near non-existant and... but I am off topic there is no need to get into all of that.

  3. Bangkok

    in General Discussion

    Posted

    Um ... so my example of Rolex's markup wasn't a close enough analogue to MBW wholesale, so you use diamonds as an example? :blink:

    Go to a wholesale shop, like a retail supplier for stationery or games/toys or anything that's not large, big ticket items and you'll see the range I'm talking about.

    Hang on, why are we arguing over this again? You disagree that my initial statement of the markup the OP quoted was surprisingly low, especially seeing as the Rolex models they stock are sold at 50% of what dealers sell them for? Or do you just disagree that the retail business generally uses a 40%-60% off retail wholesale figure?

    Yes diamonds as one extreme, single digits as another. The point is there is a very high variance in markeup. Your initial statement

    "Yup, it's practically nothing. In business, you want to be buying at 40%-60% of the price you're selling, plus delivery. That's standard markup in most retail industries."

    Is simply too broad. I believe that has become clear by now; it is not a "rule" and markup is going to vary, at least somewhat, not only from item to item but from sale to sale usually.

  5. Bangkok

    in General Discussion

    Posted

    I have looked into it, you would benefit from more research. You will find mark-ups vary significantly from item to item. For instance a diamond may be something like 300%, other items may be in the single digits. Also, you may pay a 100% markup to buy a single item, but only 15% per item if you buy ten of them (the bulk discount effect). Often in such bulk purchase there is a discount from the wholesaler that is passed on to the consumer. Your broad initial statement missed many of these differences.

    Comparing to retail AD is not a good analogy. Not only do they have enormous brick-and-mortar costs, but they also sell on a completely different model. I don’t have the actual numbers on jewelers, but I am guessing they sell only one watch every five years or so to a repeat customer, compared to many buyers here who purchase 5-20+ a year. The point being they are closer to a costume jewelry store where people make many, smaller purchases than a single, large-purchase jewelry store. I am not saying 50% markup is not reasonable (and I am quite aware that many dealers sell watches here at much higher markups). My point is that it is in no way standard for all goods. There are many, many factors that pull both ways on any item and sale – enough to discourage such a broad sweeping statement.

  6. Bangkok

    in General Discussion

    Posted

    Yup, it's practically nothing. In business, you want to be buying at 40%-60% of the price you're selling, plus delivery. That's standard markup in most retail industries.

    I am a little curious where those numbers are coming from....

    There are a number of factors that contribute to markup such as the type of good, volume, market, etc. I really don't think you can say there is a "standard" retail markup. At least not that I am aware of.

  12. A Diy Dealers Classification Table.

    in General Discussion

    Posted

    Watch out for my table....relating to customers......ranging from excellent.......thru'......absolutey f***ing stupid..........to.......shouldn't be allowed near sharp objects......!

    Every dealer is getting a copy on an Excel spreadsheet and encouraged to post it here.....:D

    Someone commented on Andreas idea.......I told him.....watch for the guys that give a bad review on a dealer.....suddenly disappear from the dealer's Xmas card list....when he has a hot item that everyone wants.....suddenly it's......"I'm afraid that item is out of stock....permanently"......LMAO....!

    Should answer the question of why people suffer silently instead of posting negative reviews. :thumbdown:

  20. Panerai Rep's

    in The Panerai Area

    Posted

    I have a small wrist and my 111h (44mm) never bothered me - although people called it a "huge" watch. I have an 050 in the mail from sash that I should get tomorrow or wed (fingers crossed). It will be my first 40mm pam so I am excited to see how it looks. It is probably easier to start smaller and work your way up - I always found the 1950 (47mm) to be just too big.

    I was never a fan of the 220, so I can't really add anything about its accuracy. If you go with the 050 shop around on the price, I shaved a great deal of the price for the exact same watch - Andrew has that one at a particularly high price for some odd reason compared to his other offerings. Be sure you get the 050 w/ the thinner "12" and "6" if you decide to go with it.

    Hope that helps!

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