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Figuring Out Your Real Costs
Buy Smart, Win Big
Hey, youāre back! Now weāre getting into the nitty-gritty: how much youāre really spending to grab your inventory. This isnāt just about the price tagāitās about knowing the full picture so you can pick loads that actually make you money. Letās break it down.
Whatās āCost of Acquisitionā Anyway?
Itās everything you shell out to get your hands on appliancesānot just the obvious stuff, but the sneaky extras too. Some folks get hung up on MSRP (thatās the āsuggested retail priceā from the manufacturer), but thatās only half the story. Hereās what counts:
- Upfront Price: What you pay for the load.
- Shipping Fees: Getting it to your door aināt free.
- Time Sink: Hours spent fixing or prepping it to sell.
- Sellability: How fast itāll fly off your shelvesāand for how much.
- Nail this, and you wonāt get stuck with a ādealā thatās more trouble than itās worth.
What Youāll Pick Up Here
Matt from NEU Appliance Wholesale spills the beans in a quick video. Heāll show you:
- How to add up all your costs, no sweat.
- Why obsessing over MSRP can trip you up.
- Tricks to spot inventory thatāll sell like hotcakes.
- How to pick loads that match your game plan.
- [Watch Mattās Video]
Why MSRP Can Fool You
Lots of sellers hype up MSRP percentages to make their loads sound amazingālike a $100,000 retail value for 28% of that. Sweet, right? Not so fast. Hereās what might bite you:
- Fancy $5,000 wall ovens that sit forever or need picky buyers.
- Stuff nobody around you wants.
- Shipping costs that gobble up your cash.
- Heads-Up: Donāt just buy the numberācheck whatās actually in the pile. Go for gear that moves quick.
How NEU Keeps It Simple
Weāre not here to mess with you. Hereās how we make buying easier:
- No Shipping Surprises: You see the freight cost upfrontāno gotchas.
- Straight Talk Listings: Model numbers, details, and real retail values, so you can crunch your numbers.
- Good Stuff Only: We skip the junk that collects dust, handing you inventory that sells.
Your Cheat Sheet
- Run the Numbers: Total cost per pieceāshipping and allābefore you commit.
- Know Your Crowd: Pick stuff your local buyers want, not some random haul.
- Eye the Prize: Use your costs to guess your profits and see if itās worth the grab.
Ready for the Next Play?
Youāve got the cost game down now. Up next, weāre diving into how customers thinkāand how you can use that to sell more. Itās the āPsychology of Relative Value,ā and itās a game-changer.
Click below to keep rolling!
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