...because I would have put them all out of business with my cheap day lover...
Dam, you guys caught me, I must have been checking out the **** sites when I was typing my prior pos! :blink:
I guess you guys might not be aware of the actual cost of doing business and I can't fault you for this.
The example I can give is pretty simple, if you want someone to mow your lawn and you hire the kid next door and pay him $5 to do it, he is making all of the $5. But if you pay a Gardner to mow your lawn, $5 is not going to cover his fuel for his truck never mind feeding his family and paying for repairs.
What we are faced with these days is that no longer is business in the same playing field, we ALL have to compete work twice as hard and earn 50% less.
Here comes the guys that are out of work, he is going to start his own Internet business out of his garage, place order only when he receives them and direct ship to his customers, his cost? well, no rent, business lic, insurance including workers comp, no real liability, if something goes wrong like a bad tire that caused an accident, he moves and goes underground.
Now, he is happy if he makes $10-$20 per item, he sells 20-30 items a day, he is making more then he could working for someone.
Now, you wish to see the product you wish to buy, you want to talk to someone that knows the product, you want to visit a real store, what is his cost of doing business. You would know that 25% profit is really low for a real store, they need to make 45% profit to be able to make it in business. This is never going to happen so the business stays open longer, the owner put in hours and let a employee go to try to compete.
Hey, think 45% profit from $200? will this profit pay for ONE employee for the whole day of work waiting for a customer to come in to buy these tires? not really, never mind the profit, how many sets of tires will this store need to sell and install to pay for the rent, insurance, benefits etc so you the customer can enjoy the benefit of having such a service provider? So, maybe the benefits for the employee is going to get taken away, the pay raised is over looked because the store is not able to pay his bills and so on.
I am not saying saving money is wrong, but for some reason, we don't find sending all of our customer support, engineering work to India and all the hardware manufacturing to China is such a great idea because of all the jobs that is being lost here in the U.S, but we are the very same people that patronize Costco, Home Depot, Wal-mart! So, we are doing it to ourselves are we not? Don't expect your children and grandchildren's to have a customer support, engineering or manufacturing job and make a decent living, because those jobs are being done by people that are willing to take $1 an hour or less.
So, before you judge how much someone else should make, look at yourselves in the mirror and ask how much you are worth. Hey, I will let you come to mow my lawn all days long for $5, but are you willing to do it?
I guess what I am trying to get across, we are always over paying someone, but when it comes to ourselves, we are never paid enough! How is this possible?
What do you think? I will let you make 10% on the steak I wish you to cook for me, so come over and buy the steak and make sure it is cooked right and I will not get food poisoning, and I will be happy to let you make that extra $1 profit for all your hard work!
Now, why is it fair for a restaurant waiter to make 15-18% tip and for a business, they have to make less then 10%?
Why is it fair that an attorney or a realtor can make thousands of dollars of net profit from a customer yet for a store owner that invested their life savings to RISK an opportunity to do better to only make what they can make investing in land or putting their saving in a foreign bank account?
You all forgot that you have to add the owners time along with the investments they put in when calculating the 10% profit margin. Does the owner deserves to make at least the same wage as any of his employees while managing the business?
Enough said, I am not trying to change everyone's mind, just voicing my opinions like always. Sorry for keeping this going for so long.