When they are not looking, add a foxface to their tanks to eat the bubble algae.
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I agree.Sounds like you shouldn’t bother. They know about the mess they have and are possibly just waiting for bankruptcy proceeding to be finalized.
in 2024 that is definitely an issue and seemingly getting worse.One of the problems is a lot of people like to go to the LFS and check out equipment, and then whip out their phone to place an order online for a few bucks cheaper. The LFS is carrying a lot more overhead. Try to support your LFS. If the LFS is just obviously neglected and dead fish everywhere, there is no excuse for that.
I took a lien law seminar and the lawyer who was conducting the seminar said that in his experience, partners spent the first half of their time together making a ton of money and the second half trying to screw each other out of the money they had made together. It has always stuck with me.A hobby is no longer a hobby, when you start making money off it.
Money can do funny things to partners.
That isn’t the only markup. Technically they have up to a 10-40% markup. I just wanted to keep it simple for the sake of the argument of over charging MsrpRight so you order from places that their whole business model is corals. Cherry, battlecorals , fraghouse because if they dont qt or arent super strict about what comes in they lose thousands and thousands .if you saw the markups at a lfs you would gladly pay 10% . Im not saying they shouldnt be marked up but ...get good. Lol like the op said when the employees are on their phones and the frag tank looks like a scene out of swamp thing with dying corals in it, what other thought should you have.
Out of curiosity - what does this mean? Isn’t the price the retail price?Don’t price over retail
Those sorts of places focus on some niche that pays the bills, everything else is basically there because someone will buy some of it eventually.Morning R2R, so I still prefer to see and "feel" stuff when I buy it and this includes stuff for my hobbies. This means I am usually hoping to find something in a brick and mortar before ordering online. In addition, it is always nice knowing that in a pinch, i could run to a store to get dry-goods vs waiting for something to ship (even if it is a dollar or two more). There is not much for fish stores in the surrounding 50+ miles or so, but we have been looking and come across a couple of hole in the wall places that could be awesome, but they all seem to be a let down.
How do you tell these places that the reason people stopped buying your stuff is cause the tanks are filled with bubble algae, etc and not because "there is no one doing saltwater in this city anymore"? How do you tell them that I cant see in through the salt crust to even know whats in the tank? The soggy boxes from humidity on the dry goods, means I don't trust the item works anymore? They even offer to custom order along with there next shipment, but I have no faith in what I am about to get.
I know its a bit of a rant, but having a store in the area and it being successful benefits me as much as the store owner. But how do you tell them to stop watching youtube or netflix, and go take care of the store?
For most things that depends on sale volume. For the place that sells a small amount of items from a distributor or direct from manufacturer yea their margin is gonna be rough. But for someone moving volume their price reduction is going to look something like a 50/10/10/5/5/5 compound reduction. With that example a $100 item would be about $35. And that is why companies are motivated to hold crazy sales multiple times throughout the year, gets their sales volume up so that their normal sales have a better margin.Might surprise some of you to find out many of the wholesale prices on goods can be found cheaper on Amazon. The margins are razor thin on hard goods and sometimes negative. Also your looking at an inventory in excess of 100k and low margins, and people who will talk your ear off and demand you show them the ins and outs of the product, and of course provide technical support, all for the privilege of earning 20 bucks.
You have inventory that eats each other, and is shipped with pests that are microscopic and spread to the rest of your inventory. If you are lucky, or good, you will sell the coral or fish, only to have a customer place it in too high of light, or no light, or in freshwater, then come storming back and demand a refund. Cool.
Most owners burn out, the juice just isn’t worth the squeeze. The dilapidated stores you see are the result of multiple factors, not the least of which are online stores that are not required to provide any customer education, just a robot that can pluck a product from a shelf and mail it out at the lowest Google price found at the current hour.
Which category do you think a local fish store fits into?For most things that depends on sale volume. For the place that sells a small amount of items from a distributor or direct from manufacturer yea their margin is gonna be rough. But for someone moving volume their price reduction is going to look something like a 50/10/10/5/5/5 compound reduction. With that example a $100 item would be about $35. And that is why companies are motivated to hold crazy sales multiple times throughout the year, gets their sales volume up so that their normal sales have a better margin.
AB plus is $20.49 for 250ml. They sell it for 24.99.Out of curiosity - what does this mean? Isn’t the price the retail price?
So this LFS has the audacity to price match Amazon, but fails to price match brs, and they get hate on a forum.AB plus is $20.49 for 250ml. They sell it for 24.99.
They hike everything up over the set price by 10-40% except MAP items.
I asked an employee why they do this, and he said the owner still thinks he is in the pre smartphone era where you couldn’t just look up the prices of things.So this LFS has the audacity to price match Amazon, but fails to price match brs, and they get hate on a forum.
AB plus is $20.49 for 250ml. They sell it for 24.99.
They hike everything up over the set price by 10-40% except MAP
Nah, they just greedy. They lose a lot of business from people like me that would rather just get it off Amazon, brs, or premium aquatics and wait 2 days than pay such a markup. They expanded. They ain’t hurting as much as you would think.Your brick and mortar has a fundamentally different operating cost profile than BRS. If BRS is selling something for $20.49 and your brick and mortar is selling it for $25 then either:
1. BRS is making an absolute killing on it.
2. Your LFS is making a pittance on it and carries it solely because they need to have these items in stock to meet client expectations to maintain foot traffic.
Staffing, rent, facilities and maintenance costs for a physical location are all dramatically higher than an online only operation. TBH - my LFS are (I have two, one does sales on here from time to time) both great and have amazing display tanks, everything is clean, nice stock, knowledgeable staff, one has a totally fishless coral selection, fish all go through quarantine similar to the recommended one here, all a great experience. They charge more for dry goods than Amazon/BRS, but even then it’s clear the profit center is in aquarium setup maintenance, with the storefront being an elaborate marketing operation for their services - I can’t imagine they make any significant $$$ from either dry goods or livestock. I’d be surprised if sales from that even kept the lights on.