Hi oz bargain members
I was wondering after getting addicted to discount purchase, lately I was thinking two things?
What is the catch for people selling on discount to us regularly, they are large corporate and much smarter than us. EBay, woolworths etc..
Are we also getting used to giving discount to our employer and getting low paid compare to others?
Just a thought to share and appreciate your views.
Because they're nice companies and genuinely care about us and want us to save money.
Discount boost sales number, they just get less profit per item (meaning you might get more profit, depending on how much more you sell). Plus, usually, they account those in as well.
Also, holding old inventory can be seen as a costly process (since you could be storing more newer goods), you might be better off selling it at a discounted price.
The Corporate's are likely not paying or at least are only paying a small portion..
The suppliers get hit by Woolies/Coles etc when they do promotions. It's part of the whole deal that Coles/Woolies offer/force. If you want to sell your product in our stores, then you have to agree to X number of promotions per year of YY thousand items at $Z/item with the retailer still making the standard profit per unit despite selling at 50% of the standard price.
These 20% off promos being run by eBay are probably split between eBay and Retailer. Retailer gets brand exposure on the front page of eBay, eBay gets more people browsing and buying crap.
Also got to factor in the cost of storing stuff.
At some point the storage cost can exceed the profit you would make, so instead of waiting 6 months to clear stock (and pay to store stock) it's better to put items on sale and sell them today.
My company runs storage costs at about $33/pallet/month (pallet rental, lease cost for the Warehouse and Interest paid/not earned by not having cash from selling the item). Hold a pallet of stock for 6 months, it's cost you $200 and you still haven't sold the stock.
Better to use smaller profits to buy goods that sell quicker.
Retail shops not moving stock, discount heavily, to clear and use that money to buy(to sell) goods that move quicker and have goods on hand that are more in demand.
Selling at zero profit to use that money back on your initial outlay to increase sales and income on other goods.
getting low paid compare to others
Thanks to Unions, there's not many workers in Australia that are getting underpaid - Yes, this is a good and bad thing (just look at the car industry disappearing)
And the most of the manufacturing industry to China. Now they have low income skilled workers.
I believe unions are necessary but as you point out unions have made Australians uncompetitive in the manufacturing industry and these jobs are disappearing. I know a communist who worked in shipbuilding who earned so much that now he has retired he has trouble spending his superannuation so as to stay on the pension! Poor fellow has been moved into the 'middle' class and is having trouble justifying his communist beliefs while jobs are moving overseas to manufacturing countries. Australians are going to have to get used to a sub-working class like in USA. Or we will all need to take a cut in our wages to enable everyone to have a job.
Lots of international students get under paid, and hospitality staff. Also people being forced into work for the dol are basically free labour
Hospitality staff are only under-paid if they accept cash-in-hand, or don't know any better. Every hospitality worker is governed by an award wage, which is actually a pretty good wage too (I worked in the industry for 10yrs).
Same with international students, it comes with not knowing better and accepting cash-in-hand (from dodgy shop owners I should add).
As to work for the dole, well that's up to them if they want their payments or if they actually want a job. If they wanted a job, they'd get out and work a proper job, where their payment would be governed by an award wage.
I was underpaid as a hospitality worker until my manager checker double checked if he was getting what he should have been, then let the other staff know. I've heard plenty of other stories about dodgy bosses so no.
There are not enough jobs for everyone to go and get a job. Work for the dol is exploration and basically free labor for the business. Many Job Networks exploit their customers too, pushing them into unhelpful time wasting programs to get the dosh without actually helping them get a job.
My thoughts:
Just my 2c
Are we also getting used to giving discount to our employer and getting low paid compare to others?
Right, first thing Monday you will go up to your boss and shout at her: No discount for you!
I can just imagine the question marks emanating from her head while she tries to work out whether to call the men in the white coats.
There was a thread about the average income of OzBargainers. Pretty sure the average OzBargainer's income is above the national average.
I've heard that the suburbs that buy cheaper generic brands are often the wealthier suburbs.
Sometimes the most generous givers to charity are also some of the most frugal people.
With a caveat about the "accuracy" of self selected and self reported stats.
It makes sense though that people who are frugal will generally have higher incomes in the long term due to the returns from investing an ever increasing amount of savings and assets.
But it may not be the major factor. Certainly being a spendthrift will burn through money but career, education and privilege are also determinants of income.
I don't really understand what you're asking but if you're asking does a person who looks for bargains also accept lower pay … what?
What is the catch for people selling on discount to us regularly,
They sell more items to us than they would have otherwise and make more money?
I see the OzB deals falling into one of two categories:
They're either a volume seller, so they're taking a hit in gross profit.
They're a smaller trader, and are chasing new customers via break-even turnover.
The occasional rare unicorn might be considered the third type: the freebie.
But it's never really Free! is it?
My 6x50ml containers of Pantene shampoo beg to differ haha.
You traded something of great value — your details.
I have learned that a bottle of avene spray water could be sold at a 99% discount, and they would still return a healthy profit.
Your asking to compare apples and oranges
Most goods are made in countries with a low cost of living
As cost of living rises companies migrate to lower cost states, just as jobs and manufacturing sites are now moving from China to Bangladesh
Just like when USA set up 'free' trade zone for factories inside Mexico border or south Korea in the north
That's why it's suits big business to have a high birth rate low education population
OP is really really confused and is trying to tie two different things together.
He should educate himself on how Colesworth does discounts in conjunction with suppliers AND their 4c petrol voucher thing.
There is a LOT of info out there and people should really look into it before commenting further.
Lastly 'discounts' on wages is very poor wording in trying to tie it with sales 'discounts'.
I am guessing OP is trying to allude (badly) that our stagnant wages is a result of the above alledgely 'same' discounts when there is no actual correlation or relationship at all.
If you want to learn out stagnant wages then that too is a well studied topic.
About ebay. They are obviously a multinational worth billions, turning over billions a year. They can afford to do 20% tech rebates whatever on a regular basis.
They get less profit?