|
Community Links |
Social Groups |
Pictures & Albums |
Members List |
Search Forums |
Advanced Search |
Go to Page... |
|
Thread Tools |
12-17-2009, 02:02 PM | #41 |
Wicked-Bad
Join Date: Jul 2008
Location: Vancouver, Canada
Posts: 2,162
|
25K is not unreasonable from a business standpoint.
I work in the financial industry. Our clients have anywhere from $1000 to invest, to Millions. I delt with two clients yesterday. One was a couple in their mid 20's, they had $5,000 to invest. When I completed the sale, the company made $250 off that at the time of investing. If the clients continue to hold that money year in and year out, we get revenue of $25 a year. My next appointment, I dealt with a client who had $100,000 to invest. The company made $5000 at the time of sale, with a continued annual revenue of $500 a year. It took me just as long to deal with both clients - 1 hour. I will do semi annual meetings of 1 hour with each client, as well as doing any account maintenance, fund switching, etc. All things being equal, except the volume of dollars, we make way more money off the $100,000 client, than the $5000 client, obviously. Factor in my hourly wage, my annual bonus the company pays me, the wages of the people in administration to process the paperwork, the costs of sending out statements, general overhead like the cost of paper, printer ink, maintenance, building rent, insurance costs, fraud losses, etc. This doesn't include any problems or complaints the client may have which result in extra meetings or phone calls or hand-holding new investors which takes time away from making money. In bad years like 2008, such as the market dropping, there's even more of that kind of extra work. It's better for my company to deal with one $100,000 client, than 20 $5000 clients. $25 annual revenue won't cover the costs for that client's maintenance. $500 will. This isn't a perfect example, because my costs are static regardless of investment amount, where as it probably costs Hasbro more in total dollars to deal with Walmart vs all the Smalljoes of the world. The key here is that it's more bang for the buck. the resources are better spent on the bigger companies that will buy the massive quantities, vs the smaller companies. Hasbro has to micromanage all their accounts. As a collector, I wish Hasbro would be more amiable to small businesses, because as SidDarth pointed out: the big box stores don't care if they have the right figures. In the end, toys are a loss leader. It's the small companies that care about us collectors. I know not everyone can afford to buy all their toys from the smaller companies due to the necessary mark-up when they can get it for half the cost at Walmart, but a balance is always good. This is why I try to split my purchases as much as I can, to support the Outerrims of the world. As someone who works on the retail side of things, I understand why the 25K cap. I have co-workers who won't even see a client if they are coming to them with less than $25,000. |
12-18-2009, 02:11 PM | #42 |
Crimson Guard
Join Date: Feb 2007
Location: Marysville, ca
Posts: 4,498
|
well a follow up. I will give hasbro points for customer service. part of the phone call i made led me to a voice mail box. I left a message asking for a wholesale distributers list to me emailed to me and gave them my email address. I got it this morning so they do check there messages and reply in a timely enough fashion.
back to the discusion at hand i keep hearing that walmart is taking a loss at 5.00 a figrue. i dont think thats right. If i remember right walmart hires people to negotiate contracts with teh vendors to get the items dirt cheap in exchange for massive orders. I dont think walmart and target are paying the same prices as the regular person due to the mass quantities they buy. Just thought id mention that.
__________________
check out my store for great deals www.jasonsjoesandmore.com feedback: http://www.hisstank.com/forum/buy-se...bikerboy1.html B/S/T http://www.hisstank.com/forum/g-i-jo...ml#post1324005 |
12-18-2009, 03:49 PM | #43 |
[email protected] 4 BST
Join Date: Oct 2008
Location: HELL
Posts: 6,074
|
Quote:
Jerry
__________________
BST LIST http://www.hisstank.com/forum/g-i-jo...-bst-list.html NEW disPLAYability Stands Website and Products! http://www.displayabilitystands.com Like my music page and download some free Mp3's! http://www.facebook.com/jerryharrismusic |
12-18-2009, 05:03 PM | #44 |
I LIVE!
Join Date: Oct 2003
Location: Altus, OK
Posts: 6,087
|
Quote:
This isn't a perfect example, because my costs are static regardless of investment amount, where as it probably costs Hasbro more in total dollars to deal with Walmart vs all the Smalljoes of the world. The key here is that it's more bang for the buck. the resources are better spent on the bigger companies that will buy the massive quantities, vs the smaller companies. Hasbro has to micromanage all their accounts.
As a collector, I wish Hasbro would be more amiable to small businesses, because as SidDarth pointed out: the big box stores don't care if they have the right figures. In the end, toys are a loss leader. It's the small companies that care about us collectors. I know not everyone can afford to buy all their toys from the smaller companies due to the necessary mark-up when they can get it for half the cost at Walmart, but a balance is always good. This is why I try to split my purchases as much as I can, to support the Outerrims of the world. In the early 2000s, they tried offering GI Joe fans online troop builder sets of RAH molds. Mr. Stinson of Smalljoes STILL has them, nearly a decade after release (and can be had for half the original asking price by this point). In 2005, retailer interest waned in GI Joe 3.75 so Hasbro took the line online with pretty much EVERYTHING fans had asked for. It lasted only 3 waves, was clearanced out soon after and overstock ended up at TRU where it promptly sat in many places until the 25th's release. DTC is the only toy line Hasbro has ever publically called a failure. Quote:
If there is one thing Wal-mart is good at...it's making money...any box-store "taking a loss" on anything it sells is like the united states Army paying $10,000 for a toilet seat. It's a numbers game...It may look different on paper for taxes...but they are NOT losing money on Action figures, or they would not sell them. I am POSITIVE of that.
Jerry If they are taking a loss somewhere, they are making it up with either increased store traffic or other higher margin items.
__________________
Quote:
Originally Posted by TheRealDubya
Any sort of panic at this stage is just pure unsubstantiated reptile brain stem fear.
Quote:
Originally Posted by SmokePants
This is why companies are secretive -- because we all want the truth, but most of us cannot handle it.
|
12-18-2009, 05:09 PM | #45 |
Cobra puppet therapist
Join Date: May 2009
Location: Area 51, Nevada
Posts: 10,127
|
They don't. This is just another way that the rich stay rich an the poor stay poor.
|
12-18-2009, 08:06 PM | #46 |
Groovy
Join Date: Sep 2007
Location: Smithfield, NC
Posts: 1,662
|
Quote:
As for WM's cost per figure, when I received my catalogue and ordering packet for 2009, there was no FOB price on single Joe figures. That means that there was not a cheaper price for ordering through Hasbro or direct from China. Now this may have changed at some point and I'm sure WM has more input with their Hasbro rep than us small fries.
__________________
|
12-18-2009, 08:23 PM | #47 |
Crimson Guard
Join Date: Jan 2008
Location: Tampa, FL
Posts: 1,314
|
When I tried to go direct with hasbro - it was 10k opening order, 35k per year minimum ordering.. no guarenteed waves or assortments and yes you had to carry their other shit too... they would not allow you to choose your assortments until you have done at least 1 year of good business and spent 50k or more.. at least from the rep that I was talking to.. its fucking insane.. Neca however is a much better company to go direct with.. but they pre-sell their items SO FAR in adavance that it takes forever to get the product and people loose interest by time you do get it
|
12-18-2009, 08:42 PM | #48 |
Cobra puppet therapist
Join Date: May 2009
Location: Area 51, Nevada
Posts: 10,127
|
Thats a beautiful thing. The way I see it, if I can find the items I need for my collection, make enough money to have my hobby pay for itself and be able to provide other collectors with the items they need at a decent price, it's a perfect world. Alas, being a distributor is not yet within my reach, so I'm content with hunting
|
12-19-2009, 01:09 PM | #49 |
Wicked-Bad
Join Date: Jul 2008
Location: Vancouver, Canada
Posts: 2,162
|
And we collectors appreciate it.
|
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
Which Year Was G.I. Joe's Best Year? | tomjefferson101 | G.I. Joe General Discussion | 41 | 04-01-2012 07:12 PM |
2 Dollars Figs: Any Figure JUST 2 DOLLARS! | Novirasputin | G.I. Joe Buy Sell Trade | 0 | 05-10-2009 09:46 PM |
Any fig pictured is 3 dollars | Novirasputin | G.I. Joe Buy Sell Trade | 7 | 04-10-2009 08:21 PM |
007 for 5 dollars at Wal Mart | Bravestarr | General Discussion | 7 | 03-27-2009 11:46 AM |
|
|