Great Prices On Salt

[e46er]

no way id pay 115 bux

[freezetyle]

Originally Posted by BlueWorldAquatic

WOW!!!

I could make money on it if I charged those prices.

$39.99 - $89.99 for our salts here

Ken - BWA

Do retailers really take that much of a hit on salt sales?

[Kryptic4L]

sure it was not a bucket of salinity...

[sphelps]

Originally Posted by freezetyle

Do retailers really take that much of a hit on salt sales?

Typically it's not a high margin product and if one were to try and make some money on it people would just go elsewhere which is the last thing a retailer wants.

[Aquatic Addictions]

margins on salts are next to nil. The price is kept to a minimum to no profit to keep people comng back in. In some cases vendors are able to buy in quantity so there for they get a better deal and can advertise the salt much cheaper than others like say petland who do not buy great quantities. They do not specialize in the SW so unlike stores that do they do not get the same deals unless there are trade show deals. Any retailer you see selling salt for what you are used to now is making pennies. Remember that when you ask if they can give you a deal on it or other things they have...they dont make great margins off 50-60 percent of their store unless they have bulk buying power.

think of it this way...if you went to superstore and asked for a deal when you brought groceries up...do you think they would give you one?

[Kryptic4L]

Originally Posted by Aquatic Addictions

they dont make great margins off 50-60 percent of their store unless they have bulk buying power.

think of it this way...if you went to superstore and asked for a deal when you brought groceries up...do you think they would give you one?

Huh? Superstore has bulk buying power.... If I took a coupon from a competitor and raised an issue the answer is yes.

What I dont understand is this, larger chain fish store's charging more then that of the little guy.

lets take Chain fish store for instance, for a 28 gallon JBJ it was roughly around $1050 in my area. However litte guy X quoted me 750 for it. Little Guy Y was quoting me around 650.

I would expect things to be quite the opposite.

[Madreefer]

The same store also prices a yellow tang for $99 and I've seen cleaner shrimp for as much as $40. So I would think they take a course in marketing.

[lockrookie]

your paying for the conveniance of haveing to go a few blocks to get it rather than wait for it from out of town.. or if you run in a bind basically you are gettting screwed over in a friendly manner. i would find all the reefers in town you can and do a group order and split the shipping stock up and let that guy sit on his pot of gold at the end of his rainbow.. (had to add some st patty spirit) i get my instant ocean from petsmart 49 buck sometimes 46 on sale.

[Ron99]

Originally Posted by sphelps

Typically it's not a high margin product and if one were to try and make some money on it people would just go elsewhere which is the last thing a retailer wants.

At $115 for a bucket of IO I'd guess the margins are pretty good

Originally Posted by Aquatic Addictions

margins on salts are next to nil. The price is kept to a minimum to no profit to keep people comng back in. In some cases vendors are able to buy in quantity so there for they get a better deal and can advertise the salt much cheaper than others like say petland who do not buy great quantities. They do not specialize in the SW so unlike stores that do they do not get the same deals unless there are trade show deals. Any retailer you see selling salt for what you are used to now is making pennies. Remember that when you ask if they can give you a deal on it or other things they have...they dont make great margins off 50-60 percent of their store unless they have bulk buying power.

You're right that salt is usually a loss leader. But let's assume that J&L sells it at break even or even a small loss at $45. So maybe break even is $50. $115 is a bit excessive, even factoring in shipping costs to smaller communities. Something is not right with that price. Either they are fleecing the customers who don't have anywhere else to buy salt in the community or they are being fleeced by their suppliers; in either case that is really poor business.

[BlueWorldAquatic]

Originally Posted by freezetyle

Do retailers really take that much of a hit on salt sales?

Salt is considered a commodity, it is used to bring people in the door, like tanks. As we know of salt prices on boxing day by a certain retailer.

Not a large margin on them at all.

Ken - BWA