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For a brief period in my younger days I worked temporarily for an importer of cheap Chinese goods. Indeed, I was completely amazed at the markup of some of the plastic things we import, so cheap in fact, I used to pull them apart just to look at what was inside, after all, I could buy some of these items for around a dollar. I remember pulling apart a little cigarette adapter for a cell phone. I was blown away how cheaply it was made, yet how good it looked on the outside. It worked, worked well, but there was nothing to it.
Buy 1,000 at a time and your price was $.89 and if you buy 100 still only $1.19 and yet, they sold retail for about $15.99 as an impulse item – talk about a mark-up, wow. Okay so, let’s talk shall we?
While I was in the car wash business we used to have such items in the lobby of the car wash for business folks who needed them. At that time cellphones were new and the minutes were costly, not like today, thus, only business people really had them, as they could justify the cost, and yet, they still made their phone calls as brief as possible, and some had cellular phone bills of well over $800 per month.
Today, the quality of these small accessories hasn’t gone up much, although I’m sure they are a little better due to rules and regulations and UL ratings. The price too isn’t very much more than they were back then. The markups are still unbelievable, so there is plenty of money available in that deal. In fact if you offered a small business owner who was selling a cell phone accessory device a mere five dollars, their markup would still be 100%, and that is paying one-third the normal price. So even with all the inflation over the years, and the loss of the value of the dollar, folks that sell plastic cell phone accessories still have incredible markups that truly create intense profits.
It is amazing how valuable information is in this day and age – those that know where to get boxes of these types of items can make a killing, and all those little cell phone stores that can sign you up for service with one of the larger carriers, you wouldn’t believe how much money they make on all those accessories, or how much in bonus they’re willing to pay the sales people were able to get you to buy these items on impulse. Please consider all this and think on it.
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