Corporate Thug
Lifer
so i was contemplating ordering a 6800 GT, but i'm curious, if i'm paying $399.99 for it, how much did best buy pay for it?
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how much does Bestbuy pay for their stuff?
- Thread starter Corporate Thug
- Start date
MournSanity
Diamond Member
TreyRandom
Diamond Member
Computer cabling has incredible mark-ups as well - definitely over 100%. Software and hardware - very little markup.
Corporate Thug
Lifer
A. how should we know?
maybe someone works there
b. why does it matter?
cuz i want to know, otherwise i wouldnt have asked
MillionaireNextDoor
Platinum Member
If you know someone on the inside, whatever they can get it for employee discount is 5% above Best Buy's cost = which is what you're looking for.
Here's one:
Service plans = up to 85% off
Here's one:
Service plans = up to 85% off
alkemyst
No Lifer
Hard to say....certain products get incentives, factory to reseller rebates, etc.
In general you want to be 30% over cost in retail to make your money. Now with dropping prices it gets hard to make that 30% clear on just the sale of the main part...so you bundle things or offer extras at a higher markup.....it's easy to ask $5 for a $1 cable, but a lot harder to get $500 for a $100 part.
Sometimes a company may sell something at a slight loss if they know with volume they will get an incentive or future discount on purchases.
Knowing the merchant price is not going to help you much...best way to do it is to hunt the same or a comparable product down elsewhere at a lower cost. If a store will price match it you are golden, if not and the merchant is reliable order it from them.
I gave up trying to give local businesses business. I called the local Nissan after sending three emails/webforms for request for quotes.
I have about 20-30 small items totalling about $400-$500 MSRP. Online the best deal is about 25% off list once shipping is figured in (30% off + 6% shipping)....I asked how close could they get to the quoted prices.
I finally called and the guy was like "oh we saw that...we don't sell performance parts"...I was asking for interior trim, plastic and metal clips, a few bolts, and all the maintenance parts (cap, rotor, etc)......
then he goes on to say all Nissan sells at the same price, if it's different it's a reproduction or stolen part ?!?
Anyways for a part I can get for $37.40 shipped they want $54.80 + tax....
In general you want to be 30% over cost in retail to make your money. Now with dropping prices it gets hard to make that 30% clear on just the sale of the main part...so you bundle things or offer extras at a higher markup.....it's easy to ask $5 for a $1 cable, but a lot harder to get $500 for a $100 part.
Sometimes a company may sell something at a slight loss if they know with volume they will get an incentive or future discount on purchases.
Knowing the merchant price is not going to help you much...best way to do it is to hunt the same or a comparable product down elsewhere at a lower cost. If a store will price match it you are golden, if not and the merchant is reliable order it from them.
I gave up trying to give local businesses business. I called the local Nissan after sending three emails/webforms for request for quotes.
I have about 20-30 small items totalling about $400-$500 MSRP. Online the best deal is about 25% off list once shipping is figured in (30% off + 6% shipping)....I asked how close could they get to the quoted prices.
I finally called and the guy was like "oh we saw that...we don't sell performance parts"...I was asking for interior trim, plastic and metal clips, a few bolts, and all the maintenance parts (cap, rotor, etc)......
then he goes on to say all Nissan sells at the same price, if it's different it's a reproduction or stolen part ?!?
Anyways for a part I can get for $37.40 shipped they want $54.80 + tax....
DurocShark
Lifer
Just like most restaurants... They make diddly on the meal, but charge $2 for a 5c glass of coke.
That's why WallyWorld's prices on video games and such aren't much better than anywhere else. Unless they get a massive deal from the mfgr their prices aren't much better.
That's why WallyWorld's prices on video games and such aren't much better than anywhere else. Unless they get a massive deal from the mfgr their prices aren't much better.
Fingolfin269
Lifer
BBY probably paid around $350 for that card.
DotheDamnTHing
Platinum Member
i know we get ide cables for free
But you only have to recoup the cost of the employees working in the computer section and some of the cashiers' wages. All you'd have to sell is like a couple an hour, and while you might not get that during the week, you'd certainly get that - and more - on weekends. Think about it - $6 money for each cable like that. Sell two and you can pay one employee $12/hour. Sell one USB cable/network cable @ $20 and you'll make like $15 or more, which will take care of an employee by itself. Then you make $100 on a computer, $20 on a hard drive, $20 on RAM, $20 on a printer, another two cables for $20 profit - you could easily sell all that in one week night (a slower night) and have paid for your employees.
BlamoHammer
Platinum Member
Best Buy stores can do upwards of $125k+ per day in revenue. Figure that if all goes right they might average a 20-25% profit margin. That gives you around $25-30k in profits per day. Should be more than enough to pay the associates.
Fingolfin269
Lifer
And hell that's not even counting any extras that might get thrown in by the techs or a service plan.
Dulanic
Diamond Member
Much less then you think too, on the average day PCs actually LOSES money, not makes money. Now keep in mind I'm talking PCs themselves, not accessories etc. The average markup across the whole store in places like BB and CC is around 20% when you look at total sales volume. TVs and audio are higher then average, technology items are less then average. The ONLY reason these places even sell PCs is to get people in the door, and because they make up some of it on accessories and other things. Same with CDs and DVDs' when their on sale when they first come out, they usually are sold at a loss.
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