Friday, January 30, 2009

The EXCITED Market

Do you know the difference between the Stock market, and Walmart? Here's a clue. People learn their product, and don't fall for SALES tactics! They are educated, and skeptical.

This is a though love piece, because your business skills SUCK! I blame them not teaching math to you.

Sony, Casio, Toshiba, HP, and GE did not go bankrupt with Circuit City! A liquidation sale only means that they will not be replacing stock, or giving rain checks, or offering extended warranties, or company financing. Unless the government Trustee, came in and seized the assets, and started an auction to clear inventory- which is EXTREMELY RARE, it means the PRICE JUST WENT UP! That's right, UP! They need to make as much money as they can going out of business. But you want to get that DEAL before they sell out, so it's a frenzy. Where your judgment will not be rewarded, suckers! They never stop being a FOR PROFIT BUSINESS, even in bankruptcy. Nobody get's a golden parachute unless there's money in the bank, so guess what the goal of liquidation is?

Big ticket items are sold to competitors in the end, not consumers. And junk impulse items, are dumped into auctions, like grab bags in the end. Ooo, I got a million dollars worth of data cables for $750k!!! Now what are going to do with them? But small scale private sales, ha! You're nobody, get over it!

It's the same story with BLACK FRIDAY. Here's a clue: They make a profit against the WHOLE YEAR, on that one day!!! One day balances the books for every bad months before? Can you say SUCKERS? You got up at 5 AM to get screwwwwwed at the cash register? And they caught on to the day after Christmas too! Almost no state has an inventory "flooring" tax anymore, so they're not clearing stock, except on decorations they'd rather not warehouse.

Some Business Basics:
Supplies are limited, BY WHAT??? Floor space?
This is a limited time offer- well yeah, they all are! Doesn't mean the price with rise afterwords- rarely does!
Extended Warranty is never worth it- called by management Gravy Money. Because MOST failure of the product is under the mandated warranty period of 90 days. In California it's always 90 days guys, regardless of what the store claims!
Bulk volume does not mean wholesale prices. And Membership Cards are more free money to the business, like extended warranties. My local bulk retailer sells those Cup of Soups by the case for $0.35 cents each. They're $0.20 at the regular supermarket! Know what your buying.

Buyer Beware, particularly on any kind of clearance sale!

I've always found it remarkable that Circuit City lasted this long. Their problem was not competition from Best Buy, who are they kidding? Their problem was being greedy ________s, and the public not being quite as stupid as they thought. Remember their play it once movie scheme? And what the ____ was firedog?

I'm not going to be missing them!

Who I miss most was CompUSA. Not because of being a loyal customer to them, either. It has to do with, when they went out, there was less competition locally. Which cause our local White Label business to raise prices. Which then started missing sales goals, so the INVESTMENT GROUP that owned them, closed them down overnight, suddenly! No bankruptcy, not clearance sales, no nothing. Just one day in business, the next day not! It was all about the money, and only the money. And the market wasn't as healthy as they thought, and they weren't going to go back to business as usual. Smart on their part, but not so good on my consumer side of things. It's looks like I'll be annoyed by the Dork Troopers, along with the rest of you, suckers now.

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