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by dylan604
929 days ago
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4x was also the minimum retail price I've been taught as well. The wholesale rate has also been anywhere from 50% - 75% of the retail price depending on the negotiations with the retailer. This is ignoring soulless companies like Walmarts/Amazons/etc where you'll never make those numbers. Something people don't always consider that when they buy something from the retailer directly, they typically make more money from that sale than if you bought the same thing from Walmart. Buying something from somewhere like Etsy vs their direct site also takes a healthy chunk. |
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I’ll often find something on Amazon and if it seems like it’s from a small business, I’ll check to see if I can buy it direct. (Arguably, this behavior is unethical on my part against Amazon, but whatever.)
I very rarely (like <10% of the time) find the first-party site to have an offer that even matches Amazon’s.
Look, I tried. I came to you and gave you a shot, but if you want to charge the same item price and also tack on $15 of shipping, I’ve received your message (“please buy it from Amazon; we don’t want to sell it to you direct…”) loud and clear.
I’m usually willing to wait a few extra days, pay the same price, and have worse returns possibility in order for you to double or triple your variable transaction profit, but you’ve got to be competitive.