Good Guys "Cost Price plus $1" Sale

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The Good Guys

• 

  mick123 on 30/09/2009 - 09:43

  i've seen a few of these advertised at local good guys.
  anyone been to any before? any good prices.
  Sometimes, they sell at close to "invoice price" anyway (apart from this sale) as they get good rebates from their supplier.

  • 

    noyesmaybeok on 30/09/2009 - 09:59

    If you could get something at "supplier price", then get a rebate on top of that from the manufacturer, that would work out really well.

    • 

      mick123 on 30/09/2009 - 10:19

      na mate, meant Good Guys gets a rebate from its supplier.
      eg. Good Guys buys a Samsung TV for say $1000 and say their deal with Samsung is a 5% rebate.
      They sell you for "invoice price" + $1, which is $1001 but their real cost is $950 (5% rebate on $1000).
      I know of many industries that work on rebates.

      In saying that, nothing wrong with G/Guys making a profit, but you have to ask yourself if its the best deal out there.

      The below is also a good possibility, as you mentioned :
      - Good guys store buys it from its “supplier” (which is the actual head office), hence how the price is elevated

      • 

        noyesmaybeok on 30/09/2009 - 10:39

        Ahok, what's in it for manufacturers then, why not just sell it for $950? Unless its done on some sort of %, where the more then sell the more they get back.

• 

  xception on 30/09/2009 - 09:47

  Just looked at NSW catalogue online, back page shows "Supplier invoice price +1"
  Too bad I wont be in NSW this weekend :(

  • 

    noyesmaybeok on 30/09/2009 - 09:58

    Cool might be everywhere then

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  RickyNelson on 30/09/2009 - 09:50

  I have been in Prospect, NSW when they had the similar deal for the laptop/notebook computer.
  However, I didn't see really a bargain. They showed it actually just ~$200 less than normal price. I don't believe they just made $200 profit when they sell in normal price.

  • 

    noyesmaybeok on 30/09/2009 - 09:58

    Depends how much it costs. If the laptop was $1000, and they buy it for $800, that's believable. They do big amount of sales per day which is how they can afford to make less markup then smaller places.

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  Davo1111 on 30/09/2009 - 09:54

  hmmmmm, i might have a look :)

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  noyesmaybeok on 30/09/2009 - 09:57

  +1

  I think it's a bit of a lie to be honest, but I have no "proof" so hey. I really would have to question how I could grab something off ebay from a reputable seller, exactly same stock (AU), yet they somehow have a cheaper selling price with such a small turnover than a huge chain that probably sell tens of thousands, if not hundreds of thousands of the same product, at their apparent "cost" price - that doesn't add up.

  The only way I thought that could be possible:
  - Wholesalers sells it to Good Guys
  - Good guys chain buys it, adds markup
  - Good guys store buys it from its "supplier" (which is the actual head office), hence how the price is elevated

  It's a good price in comparison to other local stores, and there's things like Fridges and so forth which aren't economical to get other places due to the size and shipping costs.

  Perhaps someone who actually works there can explain how it works rather than attempting to draw conclusions based on guesswork.

  • 

    Davo1111 on 30/09/2009 - 10:07

    • Good guys store buys it from its “supplier” (which is the actual head office),

    i think you've got a good point here. Also, wages etc are probably paid by head office, so really they are not 'losing' money with this sale, they've just put a spin on it

  • 

    Afurotsu on 30/09/2009 - 10:12

    The way I believe 'cost price' works at larger retailers is that it factors in wages, rent and operational costs, stock purchase costs, etc. I'd describe it more of a breakeven price.

    • 

      noyesmaybeok on 30/09/2009 - 10:29

      Shouldn't be. "Supplier invoice price" is how much they got invoiced from their wholesaler (I wrote cost price in the title, on their brochure it says Supplier Invoice Price plus $1). I'll be going anyway as I want to get a new washing machine and fridge if it's a decent price.

• 

  Davo1111 on 30/09/2009 - 10:04

  Well on the back of the nsw catalogue, it only applies to electrical items. (Dont know about other states)
  It's also limited to "in store" stock only, which is a bit of a con

  Offer excludes gift cards, finance, mobile phones, recharge cards, —accessories—, miele, neff, falcon, jennair, bertazonni, apple and gaming…

• 

  ozgriff on 30/09/2009 - 10:08

  Isn't COST = cost of goods + business overheads?

  I'd be surprised if most ebay sellers paid any import tax on their 'genuine' goods or even GST on the final sale price. Have a look at the direct to you sellers and their prices are way below normal retail - because they cut the corners major distributors don't.

  Electronics have VERY thin margins to play with, so unless it is a clearance model the savings may seem modest.

• 

  kangkuru on 30/09/2009 - 10:14

  who know their supplier price is cheaper than others? i am little bit suspicious for this

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  noyesmaybeok on 30/09/2009 - 10:15

  "Isn’t COST = cost of goods + business overheads?"

  Nope. But this is where they may "trick" with the prices.

  Supplier cost = what you pay your supplier (usually the wholesaler), not your true cost (which is COGS, plus staff, rent, etc). So they should be making a loss on this sale. But what Davo1111 said could be true.

  "their prices are way below normal retail"

  I'm only referring to 10% type cheaper, not anything that's so cheap it's probably a knockoff or they're selling stolen goods or something.

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  hashtag7 on 30/09/2009 - 10:16

  I have been to one of these only and purchased goods only to find out that they were selling the same item a few weeks later for cheaper.

  • 

    noyesmaybeok on 30/09/2009 - 10:20

    They might have sold it at below cost to clear them out or something later on. I got a coffee machine at the last one of these sales for apparently less than the supplier cost + $1 price, it was an old model they were trying to get rid of (even though they basically look the same and have same specs - so awesome deal!)

• 

  hellrazorone on 30/09/2009 - 10:25

  +2

  Rick Hart does the same thing in WA and it's a complete scam. They will never be transparent with their actual costs as it would piss off all customers who realise that there are massive markups in the retail industry. To test the theory out I went to two different sales guys for the same item, and got a different price. If only we could buy directly from the warehouse/wholesaler/manufacturer and cut out the unneeded middle man! We no longer need advice on which product to buy (thanks to the internet), nor do most retailers offer any decent after sales service.

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  mixo on 30/09/2009 - 10:36

  its a con…just the get the sheep into the store…

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  AntMan76 on 30/09/2009 - 12:20

  Purchase cost is different to store cost. Store cost factors in all the operating costs for the store. These sales are always a store cost price.

  • 

    noyesmaybeok on 30/09/2009 - 12:59

    It says "supplier invoice cost". The supplier doesn't pay for their staff or anything, therefore it should not take into account anything except for how much it cost them to get from the supplier.

    • 

      Davo1111 on 30/09/2009 - 21:24

      IF their "supplier" is GoodGuys Head Office then your argument is invalid.

      IF it's the other way around, then its a great deal lol, i spose we will find out on the 2nd

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  mixo on 30/09/2009 - 20:23

  their invoice price means nothing..i was looking for a plasma.best price they could give me is 2300..talk to the manager and all of a sudden it went down to 2150..thats lower than invoice cost(well thats what the computer said)..

  following week the same tv was selling for 1999….

  So like i said its a lot of crock…

  mixo

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  hotstuff on 21/11/2009 - 23:20

  You guyz have no idea do u ….Trust me ur saving money sometimes price come down suppliers so that cant be help. I have a "friend" that works in the industry…Its up to you believe me or not.

• 

  maf101 on 25/11/2009 - 15:31

  The Booval store (Ipswich, QLD) is having a VIP night on 1st December between 5pm - 9pm. Suppliers invoice price + $1.

  They will also be selling a Full HD Hisense 42" LCD for $999.

  http://www.users.on.net/~maf101/gg.jpg

  I don't know if this is worth posting as a deal or not.