Earlier in the week I had to go visit someone on the other side of town at their workshop.
The discussion turned to used machinery as it often does and we talked about a fella who was still on cloud nine after buying a cylindrical grinder for $300. The fella I was visiting said he had to go to the local used mach. dealer to get his regular order of tool steel for his business and did I want to come along. Sure I needed some powerhack saw blades which I have bought cheap from this same place before and I wouldn't drive all the way there just for that.
We get there between 2-2:30pm and he is closed to the surprise of the fella wanting his usual order as a regular customer and expecting him to still be open.
The next day I stop by two local dealers and have a chat (I like to window shop & hope for a bargain). They both complain about slow sales and both are low on stock. I was told that not a lot of gear is coming up (for tender??) despite a lot of businesses closing down, but rather being sold on ebay etc
There was a H&F UB70 bender used. I thought that could be useful in the smithy, so I enquired the price $250 + GST They are currently $270 at H&F and were much cheaper at the recent sale. So why would I pay that for a beat up one??? I point this out and was told "ahhh thats the price" with a shrug.
I know these guys need to make a margin but if the want to sell used gear at new prices their business model is wrong. Also if you have a $1000 item which you have a $500 margin on, and it is sitting there over 2years that is costing you money in rent, possible loan interest, or just interest you could be getting in the bank. So would you not be better off selling it for $750, and getting rid of the overheads and bank a $250 profit than holding out for a fictitious future buyer?
So I was looking on the first dealers website and saw several things I was interested in and shot him an email asking the price and if he had a few smaller items that I'm on the look out for?. I also mentioned that I had been there earlier in the week and he was closed, what were his hours.
All I got in response is Open 7:30-2:30 now. No mention of the prices of if he had the other things in stock.
Now I have no idea if he wants a million dollars for these things or two cents. But I'm not going to make a trip across town just to be disappointed and waste my time & his. If they were a reasonable price it would be worth going to inspect further with the intention to buy. He doesn't know if I'm broke or loaded but is making sure he won't find out. His regular customers don't know he has changed his hours, there not on his website either.
So I'm left thinking these guys need to get their act together if they want to stay in business especially if times are tougher than before. Is just a case of slow sales or that combined with self sabotage???
The discussion turned to used machinery as it often does and we talked about a fella who was still on cloud nine after buying a cylindrical grinder for $300. The fella I was visiting said he had to go to the local used mach. dealer to get his regular order of tool steel for his business and did I want to come along. Sure I needed some powerhack saw blades which I have bought cheap from this same place before and I wouldn't drive all the way there just for that.
We get there between 2-2:30pm and he is closed to the surprise of the fella wanting his usual order as a regular customer and expecting him to still be open.
The next day I stop by two local dealers and have a chat (I like to window shop & hope for a bargain). They both complain about slow sales and both are low on stock. I was told that not a lot of gear is coming up (for tender??) despite a lot of businesses closing down, but rather being sold on ebay etc
There was a H&F UB70 bender used. I thought that could be useful in the smithy, so I enquired the price $250 + GST They are currently $270 at H&F and were much cheaper at the recent sale. So why would I pay that for a beat up one??? I point this out and was told "ahhh thats the price" with a shrug.
I know these guys need to make a margin but if the want to sell used gear at new prices their business model is wrong. Also if you have a $1000 item which you have a $500 margin on, and it is sitting there over 2years that is costing you money in rent, possible loan interest, or just interest you could be getting in the bank. So would you not be better off selling it for $750, and getting rid of the overheads and bank a $250 profit than holding out for a fictitious future buyer?
So I was looking on the first dealers website and saw several things I was interested in and shot him an email asking the price and if he had a few smaller items that I'm on the look out for?. I also mentioned that I had been there earlier in the week and he was closed, what were his hours.
All I got in response is Open 7:30-2:30 now. No mention of the prices of if he had the other things in stock.
Now I have no idea if he wants a million dollars for these things or two cents. But I'm not going to make a trip across town just to be disappointed and waste my time & his. If they were a reasonable price it would be worth going to inspect further with the intention to buy. He doesn't know if I'm broke or loaded but is making sure he won't find out. His regular customers don't know he has changed his hours, there not on his website either.
So I'm left thinking these guys need to get their act together if they want to stay in business especially if times are tougher than before. Is just a case of slow sales or that combined with self sabotage???
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