Chris Johnston wrote:
No flames, but this seems an over-broad statement. In what industries or businesses would you think you see a 300% markup?

Furniture and jewelry for starters.

And yet, the items with the least markup, such as autos, are the items that people haggle over prices on the most.

Will Heath wrote:

Chris Johnston wrote:
No flames, but this seems an over-broad statement. In what industries or businesses would you think you see a 300% markup?

Furniture and jewelry for starters.

And yet, the items with the least markup, such as autos, are the items that people haggle over prices on the most.

All items have a markup value some is less but it is still there, including autos which I still get many extra's thrown in to make the deal. A for instance is the truck I got hubby....I traded in the old truck, (I did my homework first) I went by bluebook value, Had the truck detailed to make it shine, had my personal dealer (Same fella for the last 5 new vehicle purchases) get the ok from his bosses to make a super deal to get me to sign. I was given over 12, for trade in, oil changes for 3 years, sprayed in truck bed liner, tinted windows (all including brow), steps, free car washes for a year, alarm system, sattelite radio for 2 yrs, extra keys, internet connection, plus many other extras.
The world runs on the market of supply and demand.
Irene

Will Heath wrote:

Chris Johnston wrote:
No flames, but this seems an over-broad statement. In what industries or businesses would you think you see a 300% markup?

Furniture and jewelry for starters.

And yet, the items with the least markup, such as autos, are the items that people haggle over prices on the most.

That's where I was going, but I was hoping to see which areas Irene thought there was so much markup.

Chris Johnston wrote:

Will Heath wrote:

Chris Johnston wrote:
No flames, but this seems an over-broad statement. In what industries or businesses would you think you see a 300% markup?

Furniture and jewelry for starters.

And yet, the items with the least markup, such as autos, are the items that people haggle over prices on the most.

That's where I was going, but I was hoping to see which areas Irene thought there was so much markup.

In every aspect of life this system is alive and active.
It is hard for me to define any particular area that it does not impact.
Irene

Big box stores. No haggling allowed there
And def. no 300% markup on most stuff. Actually, printers and computers are lucky to have a 10% markup.......very lucky! So the expensive computer is just as expensive for the retailer .

I'm not a bargaining person......tell me what you want and I'll tell you if I'm willing to pay that. I'd never survive in some countries

irene_b wrote:
All items have a markup value some is less but it is still there, including autos which I still get many extra's thrown in to make the deal. A for instance is the truck I got hubby....I traded in the old truck, (I did my homework first) I went by bluebook value, Had the truck detailed to make it shine, had my personal dealer (Same fella for the last 5 new vehicle purchases) get the ok from his bosses to make a super deal to get me to sign. I was given over 12, for trade in, oil changes for 3 years, sprayed in truck bed liner, tinted windows (all including brow), steps, free car washes for a year, alarm system, sattelite radio for 2 yrs, extra keys, internet connection, plus many other extras.
The world runs on the market of supply and demand.
Irene

As an old car dog, I love to see customers like yourself walk on the lot.

An old saying goes, it's not the deal you got, it's the deal you think you got. You think you got a great deal, so you did.

However, trust me, nothing is free.



Will

Will Heath wrote:

irene_b wrote:
All items have a markup value some is less but it is still there, including autos which I still get many extra's thrown in to make the deal. A for instance is the truck I got hubby....I traded in the old truck, (I did my homework first) I went by bluebook value, Had the truck detailed to make it shine, had my personal dealer (Same fella for the last 5 new vehicle purchases) get the ok from his bosses to make a super deal to get me to sign. I was given over 12, for trade in, oil changes for 3 years, sprayed in truck bed liner, tinted windows (all including brow), steps, free car washes for a year, alarm system, sattelite radio for 2 yrs, extra keys, internet connection, plus many other extras.
The world runs on the market of supply and demand.
Irene

As an old car dog, I love to see customers like yourself walk on the lot.

An old saying goes, it's not the deal you got, it's the deal you think you got. You think you got a great deal, so you did.

However, trust me, nothing is free.



Will

LOL I know nothing is free but the add ons are what would not normally be available.

nsmar4211 wrote:Big box stores. No haggling allowed there
And def. no 300% markup on most stuff. Actually, printers and computers are lucky to have a 10% markup.......very lucky! So the expensive computer is just as expensive for the retailer .

I'm not a bargaining person......tell me what you want and I'll tell you if I'm willing to pay that. I'd never survive in some countries

Beg to differ there Susie.....Their Managers will cut prices...
I think you would learn to haggle or starve to death
Mom

Maybe other box stores do it, but I know mine won't cut prices. My company has fired several managers for doing that! There are set discounts under set conditions and you have to answer to every discount you do . It used to be (5 years ago...) you could give a customer a discount on a cable or throw in a free ream of paper.....do it now and bye bye . Price matching to other companies, ok. Giving one customer a different price than another..... grounds for termination.

I once actually walked off a car lot because the salesman wouldn't tell me the price a truck was selling for. My only question to them was, how much are you asking? I mean, how do you start bargaining when they don't name a price?! They kept asking me how much a month I wanted my payment to be. I wasn't in the market for a payment, I was in the market for a truck. Two managers and 20 minutes later, I left.... as I was getting up they asked what they'd have to do to sell me the truck. I turned around and said......Tell me the price, if I think it's fair I'll pay it, if not then we'll talk. Quit BS'ing me with the monthly payment crap....
Ended up finding a truck at another lot, told me the price up front, it matched blue book. I negotiated a deal where any problems I found withi the first 30 days they fixed for free, and viola! I have a truck! Admittedly I spent three days in and out of the shop getting the probs fixed... but no money out of my pocket .

So Irene, how would you have handled the salesman who wouldn't tell you the price to start negotiating at?

nsmar4211 wrote:Maybe other box stores do it, but I know mine won't cut prices. My company has fired several managers for doing that! There are set discounts under set conditions and you have to answer to every discount you do . It used to be (5 years ago...) you could give a customer a discount on a cable or throw in a free ream of paper.....do it now and bye bye . Price matching to other companies, ok. Giving one customer a different price than another..... grounds for termination.

I once actually walked off a car lot because the salesman wouldn't tell me the price a truck was selling for. My only question to them was, how much are you asking? I mean, how do you start bargaining when they don't name a price?! They kept asking me how much a month I wanted my payment to be. I wasn't in the market for a payment, I was in the market for a truck. Two managers and 20 minutes later, I left.... as I was getting up they asked what they'd have to do to sell me the truck. I turned around and said......Tell me the price, if I think it's fair I'll pay it, if not then we'll talk. Quit BS'ing me with the monthly payment crap....
Ended up finding a truck at another lot, told me the price up front, it matched blue book. I negotiated a deal where any problems I found withi the first 30 days they fixed for free, and viola! I have a truck! Admittedly I spent three days in and out of the shop getting the probs fixed... but no money out of my pocket .

So Irene, how would you have handled the salesman who wouldn't tell you the price to start negotiating at?

LOL About the same but I generally get the manager up front.....If not the District Manager.
My "Rule" has been if you can't negotiate I don't want you!
I am not fond of a Middleman
My ways of doing business are not for the weak at heart...
Cash has a way of making a manager jump thru hoops and will do what it takes to get that cash from your hands to theirs.
Irene