I think we have to determine, if the mark-up, is based on the selling price, or the product price. 50% of the selling price, is the same as 100%, of the buying price. Or am I wrong? John M. Ross Windsor, Nova Scotia, Canada jrpiano@win.eastlink.ca ----- Original Message ----- From: "Alan Barnard" <tune4u@earthlink.net> To: "Pianotech" <pianotech@ptg.org> Sent: Monday, November 14, 2005 5:02 PM Subject: RE: Marking up merchandise > Man, that seems low to me. My markups are more in the 80 to 100 > percent > range & shipping on larger items. > > Let's hear from others ... > > Alan Barnard > Salem, Missouri > > >> [Original Message] >> From: Wayne Walker <wayne.w@musicstop.com> >> To: John Dorr <a440@bresnan.net>; <pianotech@ptg.org> >> Date: 11/14/2005 1:29:53 PM >> Subject: RE: Marking up merchandise >> >> >> >> -----Original Message----- >> From: John Dorr [mailto:a440@bresnan.net] >> Sent: Sunday, November 13, 2005 12:55 PM >> To: pianotech@ptg.org >> Subject: Marking up merchandise >> >> Hi John, >> I noticed nobody has reply to your request. I usually use 30-50% mark >> up > on >> most items. You should inquire to see what other tuners in your area >> are >> charging for items like Dampp-Chaser system and base your price on >> that. >> The smaller items like punchings, key button etc., I bill out as shop >> supplies. These are not in our inventory as such but charged against >> the >> acoustic piano service department. Items like glue and lubes also go >> as > shop >> supplies. >> New set hammers cost 250 plus mark up and labour is the norm. You >> need to >> make money on the parts and don't forget shipping cost on these >> items. >> >> >> Wayne Walker >> Piano Tuner & Technician >> MUSICSTOP LTD >> 1005 Dow Rd, New Minas, NS >> B4N 3R4 >> Cell 902-221-1540 >> Fax 902-681-1463 >> wayne.w@musicstop.com <mailto:wayne.w@musicstop.com> >> www.musicstop.com <http://www.musicstop.com> >> >> Hello all, >> >> I've been an idle newbie watching this list. I'm a PTG associate >> member > and >> have been growing my business for about 5 years now. This is my >> first >> question to the list. If you think it's inappropriate, please don't >> flame >> me! >> I just thought I might get a great variety of opinions from which to >> choose. >> >> What is an appropriate mark-up on the "Merchandise" part of what we >> sell? >> If >> WE buy a set of hammers for, say, $250, do we charge $500 for just >> the >> hammers >> and add labor to that? Or, give the hammers at cost and be happy to >> make >> the >> labor price to install them? >> >> Are smaller goods that might be thought of as "supplies" (like key > buttons, >> felt punchings, etc) treated differently? Maybe just include a >> "Supplies" >> charge on repairs, like automotive shops do? >> >> What's a typical Gross Profit Margin? I'm in retail also, working > part-time >> for a music store, and retail GPMs have eroded considerably over the > years, >> thanks to mail-order, discount music stores, and the internet. It >> used to >> be >> typical back in the "good ole days" to make a 50% GPM (buy for $1, >> sell > for >> $2), but now you're usually deliriously happy with 30-40% on big >> ticket >> items >> (because NOBODY pays list price) and try to make it up on accessories >> (drumsticks, guitar picks, et al) that are not "shopped" for low >> price. >> >> Help me find my way. I'm marking up a Damp-Chaser, for example, to > approx. >> 35% GPM. Maybe that's all my market area will take, maybe I should >> be >> getting >> 50%, and maybe I'm being greedy. I'd like to know some others >> thoughts. >> And >> I really don't think we're violating any anti-trust laws by >> discussing it. >> >> If you'd rather just email me privately to keep your thoughts less >> public, >> my >> address should be listed here, but if it's not, mail to >> a440@bresnan.net >> >> If the subject is taboo, tell me nicely and I'll slink slowly back >> into > the >> shadows. >> >> >> ---------------------------------------- >> I am using the free version of SPAMfighter for private users. >> It has removed 2256 spam emails to date. >> Paying users do not have this message in their emails. >> Try www.SPAMfighter.com for free now! >> >> >> -- >> No virus found in this outgoing message. >> Checked by AVG Free Edition. >> Version: 7.1.362 / Virus Database: 267.13.0/168 - Release Date: >> 11/14/05 >> >> >> _______________________________________________ >> pianotech list info: https://www.moypiano.com/resources/#archives > > > _______________________________________________ > pianotech list info: https://www.moypiano.com/resources/#archives >
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