Great Prices On Salt

[Kevotron]

Must be $ 200+ for Reefers Best
if they ever get that in

[BlueWorldAquatic]

WOW!!!

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

$39.99 - $89.99 for our salts here

Ken - BWA

[e46er]

no way id pay 115 bux

[Kryptic4L]

sure it was not a bucket of salinity...

[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?

[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.

[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.