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Yes it wasWas this at Military?
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Yes it wasWas this at Military?
he's talking strictly about them losing money on sales where a discount code is used.So that tiny savings the consumer gets is nothing to the profits these companies make.
he's talking strictly about them losing money on sales where a discount code is used.
it does all depend on the purchase price like he indicated before. that being said I doubt the majority of discount codes are being used on lower $ shoes under $200. I definitely try to save mine for more expensive pairs.
Nike+ alert just came in...
New colors available in the Epic React.
A little narrow minded. Have to think of he bigger picture.ya'll suck at math
Edit to explain:
You buy shoes for $230
Stockx charge you $13.95 for shipping
Stockx credits you $20 for the code
You send $223.95 to stockx
Stockx provide a shipping label to the seller for free
The Seller ships the shoes
Shoes are authenticated - "labor"
Shoes are shipped to you
Stockx takes out 3% for the processing fee AKA paypal or DD ($6.90)
Stockx takes out 9.5%-8.5% for their seller fee ($21.85-$19.55)
Stockx pays seller $201.25
Revenue
$223.95-$13.95-$6.90-$201.25=$1.85
This number is not taking in to account if you buy from a seller with a higher tier account with lower seller fees.
There are at least 4 hands of labor that touch each box that I know of.
-Initial sorter (takes boxes off pallet} ~$0.05
-Authenticator (They go through 1000+ packages a day so this takes roughly 2 minutes 11 seconds) ~$0.58
-Packager that works with authenticator (1 minute 30 seconds for push notification, packaging, and logging) ~$0.30
-Shipping sorter (puts packages on outgoing pallet) ~$0.06
Estimated totals of labor $0.99 per package not including any other labor including customer service, executives, marketing, etc.
Profit:
$1.85-$0.99=$.86
This is not including rent and utilities of the location.
So with all the additional costs that aren't directly affecting the packages you have to think that is near or more than $0.86 per package. Their goal with the code is to take a possible L with the hopes of future purchases from that customer, but when people make new accounts and find loopholes the code isn't sustainable in the long run.
Also to think about basically any purchase under $230 they will legit just lose money period before labor and other costs.
YupWas this at Military?
Coffee and NT Finance.
Is there any better way to start the day?
Coffee and NT Finance.
Is there any better way to start the day?
just waiting for the leather guru’s to chime in and it’s a wrap...Coffee and NT Finance.
Is there any better way to start the day?
No it’s not..it’s early access, means you don’t have it when it isn’t letting you add to cartThanks for letting us know, but already sold out.