- Joined
- 8 Sep 2003
- Posts
- 23,173
- Location
- Was 150 yds from OCUK - now 0.5 mile; they moved
Works out at $450 excluding VAT, that's a hefty mark-up.
I wish I made that level of profit on them.
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The biggest raw cost increase for the UK is the shipping costs involved in getting pallet stock delivered to the UK. Have you ever obtained the cost to air frieght a pallet of goods from the Far East to the unit? $500-$600 a pallet. When you only get 8-10 cases to a pallet, thats around $50-$60 dollar cost increase per unit.
I will be frank, around 10% margin on these, thats margin not mark up by the way. 10% mark up is better than 10% margin. That 10% margin is on the Ex Vat price, so I will put it into raw numbers, around £28 profit, thats not a lot on a £340 product.
To be honest, I should not be saying what profit I make on an item, but I'm fed up of the people who complain about prices all the time. I wish I made the margins that MacDonalds make on their burgers. Then I would be rather happy
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Also the product is a luxury item; so yes it has a hefty price to it; however if you don't want to spend that, then your life goes on; it is not a "must buy" item now.