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It was just an expression. I would much rather have a Lamborghini. :wink:
The only people i know who have Lambor, Porche, Ferrari are my customers ! :wink:
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It was just an expression. I would much rather have a Lamborghini. :wink:
The only people i know who have Lambor, Porche, Ferrari are my customers ! :wink:
^Okay guy with a lambo worth of scientific names in his tank. hahaha j/k Kev
Yes!!!!! hahaha.. I drift a cherokee so....
You hit 3 cones....
I can't believe the prices that some people, mainly retailers, are charging for corals. I have seen many corals that are being sold for insane amounts. I understand that some corals demand a higher price, but aren't we getting a little out of hand? These retailers pay very little money to import these corals and then charge crazy dolars per eye/head etc. Geez, it's no wonder that these people drive nice cars and have nice homes that they post pics of, all the while laughing at you because you made it happen. Now, I must say that I have paid for some expensive corals before (BPC Flamethrower, Pink *******, etc.) to name some of the most expensive, but I didn't buy them for the name...I bought them because I love they way they look. I guess some people love the way that some of the "way overpriced" corals look and can afford them, but I just don't understand some of these prices. Am I the only one that feels this way?
I think if more hobbiest realized that corals are bought either two ways- transhipped or through a wholesaler., and the costs associated with both, there might be a few less complaints (though people will always complain about money, it's what we do.) Through a wholesaler, you're paying diver-holding facility-exporter-shipper-importer-wholesaler-retailer. That's a long chain of mark-ups.
If you buy direct, you're buying stock by the Kilogram. That means you're telling a guy half-way across the globe "can I get this many kilo's of corals, oh, and pretty please some nice ones too?"
You might get a 5x markup, or even an insane 10x mark on a few cherry pieces, but for every nice piece, there's a couple kilograms of things you're lucky to make a profit on at all.
Now to both of those factor in overheads/employees/paying off the debt of starting the place (several hundred thousands in loans takes awhile to pay off) and it's easy to see why the best way to leave the industry with a million bucks is to come into it with three million.
No, it's not a sob-story for the retailers-it's a living, but thinking of them as these slick "big coral" fat cats sitting in a smoking room laughing maniacally as they talk about profit margins? Just fantasy.
So in the end what makes it worth it ? If you aint getin rich....
I guess for me it would be working for myself.
Prices are dictated by:
1) base cost - dont forget shipping and import fees!!
2) how rare it is - is it hot, do people constantly ask for it, or is it an everyday item?
Generally it is about a 200-300% mark up (roughly) depending on where/what it is.
There are some things bought for 5$ and sold for 15-20$. But another item for 5$ could be super cool and someone will pay 100$ for it... whose to judge?
Shipping and other fees are the worst, that have to be factored into everything.. you dont really expect those until you break it all down.
This mortgage is not gonna pay for itself.