^^ right? haha, i haven't heard back yet but my sister works there one night a week (used to be more but now she is doing police training) so i'm hoping that might give me some leverage
NCStateFisher;4520425; said:^^ right? haha, i haven't heard back yet but my sister works there one night a week (used to be more but now she is doing police training) so i'm hoping that might give me some leverage
knifegill;4519682; said:Meanwhile, a mom and pop store coughs its last breath and closes down...

Dark Jester;4520526; said:I've seen a lot of people say their LFS usually sells EBJD for $30 or more. There's not even really a reason for it other than greed. JD's are only slightly harder to breed than convicts. Get yourself a couple BGJD and you'll have EB's every couple months. Enough people are out there breeding them now that if the LFS is having a hard time finding them for under $10 each then they need to work on better sources or breed their own.
It's kindof the same principle as the few people I've seen bashing Petco's $1/gallon sales and claiming they hurt LFS. Petco actually put 2 & 2 together and realized they make more profit on all of the accessories that go with the aquarium compared to the aquarium itself. If you buy the tank at Petco, you're more likely to buy all the other accessories there at the same time. A LFS could do the same thing.
Basically all comes down to profit per item sold and profiting on mass volume instead of from a few items. If the LFS and Petsmart are each buying their EBJD at $5 each, and Petsmart sells theirs for $10 while the LFS sells theirs for $30, Petsmart is obviously going to sell more. In the time it takes the LFS to sell 2 of them for a $50 profit, Petsmart sold 100 of them for a $500 profit.
LFS and other small businesses could learn a few things, in my opinion. I've seen several small businesses fail recently for that same business logic flaw. My father-in-law was one. He ran a water store, selling distilled water and home distiller units. Grocery stores sell RO water for 25 - 30 cents per gallon. He got in his head that because distilled is better than RO, he should charge more. He was producing the water at less than 3 cents per gallon, but instead of taking my advice and selling it for 20 cents per gallon he decided to charge 50. His business suffered for it. Even though it is a better product, the average person isn't likely to go out of their way if they aren't saving money. You don't get any word of mouth advertising working for you if you don't have a 'good deal' going. Instead of selling the 600+ gallons per day he was capable of producing, he was selling a couple hundred gallons per week, and in the end the store closed down. I really believe that had he been selling it for 20 cents per gallon his business would have increased 500% or more and he would have been looking into opening a second store by now.
One of my favorite sayings I've ever heard, and I'm not even sure who said it: "It's easier to take $1 from 1 Million People, than to take $1 Million from 1 Person."
Every 'Big Box' store out there learned that lesson apparently.
This is the end of the Economics lesson. We now return you to your regularly scheduled thread.![]()
Very well said.Dark Jester;4520526; said:I've seen a lot of people say their LFS usually sells EBJD for $30 or more. There's not even really a reason for it other than greed. JD's are only slightly harder to breed than convicts. Get yourself a couple BGJD and you'll have EB's every couple months. Enough people are out there breeding them now that if the LFS is having a hard time finding them for under $10 each then they need to work on better sources or breed their own.
It's kindof the same principle as the few people I've seen bashing Petco's $1/gallon sales and claiming they hurt LFS. Petco actually put 2 & 2 together and realized they make more profit on all of the accessories that go with the aquarium compared to the aquarium itself. If you buy the tank at Petco, you're more likely to buy all the other accessories there at the same time. A LFS could do the same thing.
Basically all comes down to profit per item sold and profiting on mass volume instead of from a few items. If the LFS and Petsmart are each buying their EBJD at $5 each, and Petsmart sells theirs for $10 while the LFS sells theirs for $30, Petsmart is obviously going to sell more. In the time it takes the LFS to sell 2 of them for a $50 profit, Petsmart sold 100 of them for a $500 profit.
LFS and other small businesses could learn a few things, in my opinion. I've seen several small businesses fail recently for that same business logic flaw. My father-in-law was one. He ran a water store, selling distilled water and home distiller units. Grocery stores sell RO water for 25 - 30 cents per gallon. He got in his head that because distilled is better than RO, he should charge more. He was producing the water at less than 3 cents per gallon, but instead of taking my advice and selling it for 20 cents per gallon he decided to charge 50. His business suffered for it. Even though it is a better product, the average person isn't likely to go out of their way if they aren't saving money. You don't get any word of mouth advertising working for you if you don't have a 'good deal' going. Instead of selling the 600+ gallons per day he was capable of producing, he was selling a couple hundred gallons per week, and in the end the store closed down. I really believe that had he been selling it for 20 cents per gallon his business would have increased 500% or more and he would have been looking into opening a second store by now.
One of my favorite sayings I've ever heard, and I'm not even sure who said it: "It's easier to take $1 from 1 Million People, than to take $1 Million from 1 Person."
Every 'Big Box' store out there learned that lesson apparently.
This is the end of the Economics lesson. We now return you to your regularly scheduled thread.![]()