this post was submitted on 09 Jul 2023
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[–] Ubettawerk@lemmy.blahaj.zone 83 points 1 year ago (5 children)

I worked for a furniture store. They used to buy mattresses and furniture sets for like $200-300 and arbitrarily sell them for around $700-1000. I used to be able to haggle with people and still sell them for like double what they cost. I hated that job for so many reasons

[–] FlyingSquid@lemmy.world 19 points 1 year ago

We used to live near a furniture store. It had a going out of business sale when we moved in. The sale was still going on when we moved out 6 years later. Then I started noticing how many other furniture stores seemed to be having going out of business sales.

[–] dimeslime@lemmy.ca 18 points 1 year ago

Used to work in garden/hardware supply company. The best selling product cost $16 for manufacturing and delivery to our warehouse from China. They would sell in [national hardware chain] for $699. It was about a 40% markup in store, the rest of that $699 was eaten up by warehousing, shipping and staffing costs. If you couldn't move that product in a reasonable timeframe then you'd start losing money on warehouse costs.

I figure most items I've purchased are 40% profit, 50% warehouse/shipping/staffing, 10% manufacturing/import.

[–] karma_nder@lemmy.dbzer0.com 2 points 1 year ago (2 children)

Curious where they were processing l purchasing their furniture from. Would someone be able to purchase an individual set, or is it wholesale only?

[–] ohlaph@lemmy.world 2 points 1 year ago

A lot of companies only sell it low for high volume.

[–] Ubettawerk@lemmy.blahaj.zone 1 points 1 year ago

We would purchase the furniture from a wholesaler, but our customers would be able to purchase a whole set from a collection or just individual pieces.

I just found it interesting how cheap we were able to purchase certain items but how much we would resell them for.

[–] MaxVoltage@lemmy.world 2 points 1 year ago

Sounds like I found my next job. I am a sleepy salesman

[–] lps2@lemmy.ml 1 points 1 year ago

That's typical retail markup