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Old 12-28-2011, 11:32 PM
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Quote:
Originally Posted by BlueWorldAquatic View Post
meaning that LFS inventory need to be tended to and can die.

Electronics can be left in the warehouse
electronics die too..... they die because a newer one is born. you cant just leave a tv on a shelf for 6 months and expect to sell it at any kind of decent price.

lets say you have an achilles tang. as long as you feed it, and keep its water nice and clean, it cant live for years before you sell it. it wont lose value because a 3D achilles tang came out
  #2  
Old 12-29-2011, 01:09 AM
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You guys have figured out the secret.....

Its a license to print money.....right Ken.

MarkoD.... your awesome we should be partners....feed and keep the water nice and clean and you can keep everything alive, including achilles tangs...your the king.

Boxing Day is a sales day....we discount to get volume both online and in the store...Do we lose money...on sales over COGS, no but come on, think of your power bill...and think of how much water we have...

With live inventory this is an extremely difficult industry....and an even more difficult business model when everything i have has a unique sku.

All retailers value customers please come to our store soon.

Merry christmas and Happy New Year to All....



Wendell
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Old 12-29-2011, 01:14 AM
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Can't make some people happy. Take advantage of what deals you want to and start your own lfs if you can do better.
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  #4  
Old 12-29-2011, 01:21 AM
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Originally Posted by lastlight View Post
Can't make some people happy. Take advantage of what deals you want to and start your own lfs if you can do better.
+1
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  #5  
Old 12-29-2011, 01:15 AM
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Quote:
Originally Posted by zulu_principle View Post
You guys have figured out the secret.....

Its a license to print money.....right Ken.

MarkoD.... your awesome we should be partners....feed and keep the water nice and clean and you can keep everything alive, including achilles tangs...your the king.

Boxing Day is a sales day....we discount to get volume both online and in the store...Do we lose money...on sales over COGS, no but come on, think of your power bill...and think of how much water we have...

With live inventory this is an extremely difficult industry....and an even more difficult business model when everything i have has a unique sku.

All retailers value customers please come to our store soon.

Merry christmas and Happy New Year to All....



Wendell

Don't all retailers use separate skus on products?

That seems like an everyday practice for any retailer.


Good post though asides from my above thought.

I can see your side. Tanks galore.
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I wonder... does anyone care enough to read signatures if you make them really small? I would not. I would probably moan and complain, read three words and swear once or twice. But since you made it this far, please rate my builds.
  #6  
Old 12-29-2011, 03:08 AM
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Quote:
Originally Posted by paddyob View Post
Don't all retailers use separate skus on products?

That seems like an everyday practice for any retailer.


Good post though asides from my above thought.

I can see your side. Tanks galore.
Really....i wish that was true, not many retailers sell live inventory....and when they do not many sell it with pics online.

People want to buy what they see with online products, so i have a zoo frag 1 and zoo frag 2...and we cant just order them that way....

In most other industries....you order a watch, a coffee machines, a ipad, a ipod they have individual sku's but you can produce them by the 100's of thousands....so how many zoo's look exactly the same...name many...and you expect to buy what you see....

Hence individual sku for each of the 1500 items i had in two of the 10 coral tanks we have in our store....thats a difficult proposition....

IMHO


Wendell
  #7  
Old 12-29-2011, 04:27 AM
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Oh I see. Most places I hit use a generic code such as "zoa Frag".

I have yet to be fortunate enough to deal with a shop that thorough... Then again, if it increases operating costs, I would understand why.

Thanks for the explanation.

Quote:
Originally Posted by OceanAquatics View Post
Really....i wish that was true, not many retailers sell live inventory....and when they do not many sell it with pics online.

People want to buy what they see with online products, so i have a zoo frag 1 and zoo frag 2...and we cant just order them that way....

In most other industries....you order a watch, a coffee machines, a ipad, a ipod they have individual sku's but you can produce them by the 100's of thousands....so how many zoo's look exactly the same...name many...and you expect to buy what you see....

Hence individual sku for each of the 1500 items i had in two of the 10 coral tanks we have in our store....thats a difficult proposition....

IMHO


Wendell
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I wonder... does anyone care enough to read signatures if you make them really small? I would not. I would probably moan and complain, read three words and swear once or twice. But since you made it this far, please rate my builds.
  #8  
Old 12-29-2011, 01:19 AM
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Quote:
Originally Posted by zulu_principle View Post
You guys have figured out the secret.....

Its a license to print money.....right Ken.

MarkoD.... your awesome we should be partners....feed and keep the water nice and clean and you can keep everything alive, including achilles tangs...your the king.

Boxing Day is a sales day....we discount to get volume both online and in the store...Do we lose money...on sales over COGS, no but come on, think of your power bill...and think of how much water we have...

With live inventory this is an extremely difficult industry....and an even more difficult business model when everything i have has a unique sku.

All retailers value customers please come to our store soon.

Merry christmas and Happy New Year to All....



Wendell
No sir, you're* awesome and you're* the king

The comparison was electronics store and a fish store. My point was that electronics can't sit on the shelf either.

But this has gone so off track, I can't even remember the original reason for this argument.

Last edited by MarkoD; 12-29-2011 at 01:22 AM.
  #9  
Old 12-29-2011, 03:28 PM
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It was interesting reading this thread as it is very easy to tell employers from employee's in the responses. As a self employed business owner the cold hard facts are this. Mark ups on whatever you sell must cover your costs. This includes everything from insurance to wages to tax's and rent or lease or mortgage fees. Anybody who has their own business and shop will tell you that the tax's are horrible, wages are a pain and lost leaders really don't exist. If you see a shop advertising an oil change for $19.95+tax there is always a clause saying "most vehicles" and what exceptions there are to the sale. They don't lose money but they certainly have an opportunity to make money with add on sales. This is the basis for the so called lost leader effect. So if you see a sale on salt or equipment or livestock, there is usually a theory or gimmick behind the reason for the sale. It's the same for tv's stereo's etc. When someone shows me an add for Instant ocean salt for say $39.95 a bucket and the second one free then I say "Sign me up for 20 pails" but I have found that prices whether they are in LFS's or electronics are usually pretty consistent during the year, sales come and go all year round and for the most part whether its a Boxing day sale or Pre Christmas sale or Labour day sale or My wife is nagging me sale, the prices are all usually pretty good. It's whether you can be patient for the right deal to come along that can be the biggest factor. Eg. If you were in a LFS and say a particular fish or coral that you really wanted and the price was $100.00. would you gamble and say I am going to wait a couple of weeks for boxing day to get the fish for $70-$80 dollars. Most people won't and will buy that day at full pop. Here is the plain fact about business, mine or anybody else's. We are in business to make money, when someone can convince my employee's to work for free and the government to stop taxing me and for anything I want to be free, then you can whine about inflated prices. If anybody can find the words "NON PROFIT" anywhere in my signage or business cards I will gladly give jobs away for nothing.
  #10  
Old 12-29-2011, 03:32 PM
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Quote:
Originally Posted by dsaundry View Post
If anybody can find the words "NON PROFIT" anywhere in my signage or business cards I will gladly give jobs away for nothing.
Well said.
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