How to Cement a No Sale...........

Status
Not open for further replies.

JH225

Member
Joined
Feb 21, 2003
Messages
107
Been looking for a used revolver. (S&W K22/M17)

So I happen to find one on an online auction site, that happens to be at a gun shop about 30 minutes away. I had never done business with them, but had been in the store (small) once a couple months ago just because I was in the area.

So, the other day, I call up the shop after seeing that the reserve price is way up there. I ask the proprietor what he would sell the gun for if the online auction's reserve is not met. He quotes me a price, that I figure was still $50 too high, but I can work on that face to face.

The gun of course did not meet the reserve (it ended around $40 less than the price he quoted me) and I just happened to have to go somewhere about 10 miles from the shop. I go out of my way, stop in the store, ask if he has any used S&W .22LR revolver (I purposely did not mention the phone call).

Guy says he has a K22 Masterpiece if I am interested. Sure, let me give it a look see, says I. He goes in the back, brings out the pistol and it is an M17, not a K22 :scrutiny:.

I look at the gun, check its function, etc and then look at the price tag. He has it marked $110 more than he quoted over the phone. I ask what he will sell it for? He say's "the price that is on the tag". :rolleyes: I ask how much for a cash deal? (which I had in my pocket) and he says, $50 less than the tag plus tax and $10 phone call to Feds.

Thanks, but no, says I. I turn to walk away and he calls out, "how about $xxx? (another $25 off, like its a big deal). I offer $xxx out the door (which was basically his quoted price plus $30 tax). He says he can't do that.

I walked out without telling him about our phone conversation, not because I didn't think I could get it for that amount, but because he obviously plays the game with every customer he can.

The price he quoted was already an easy $40-75 higher than market value. Then add the fact that he had it marked $110 higher than the quote (so the gun was tagged at around $165-170 over market) Then you want to offer to slash your price by $60 total and still not come anywhere near the phone quote? He will be sitting on that gun for many moons until someone with more money than sense comes along.

I am real easy to get along with when it comes to guns, but don't ever piss on my leg and tell me its raining. Another gun shop I will never enter again because the proprietor thinks every customer is stupid. :mad:

Worst part is that the gun wasn't even that nice (75-80%), nor was it clean.
 
Marking a product way up so they can cut you a 'deal' is nothing new. When GI Joes went out of business here in WA they had huge signs- 75% off! - out front. The store was in complete disarray and it looked like a bomb went off inside. People were pushing and shoving trying to snap up the terrific deals. I looked and everything was pretty much the same price it had always been! People were buying stuff with broken packaging and missing parts for a dollar less than if they just went to Wal-Mart or a sporting goods store. Only now the sale was final and if the item you bought didn’t work you were stuck with it.

It’s just a retail tactic.
 
Oh, I understand the retail game, but here is a guy who could have had cash in his hand if he had been straight up. In todays economy you would think a store would be happy to make a deal at a fair price rather than hold onto a gun and use it as a paperweight. Heck, we all know he probably gave less than half what he is asking when it was traded in.

ETA: Oh wait, it just got even stupider............... Guy just re-listed it on the auction site for $100 less than the tagged price, which is only $30 more than I offered for it (I offered his current auction price including tax). So once (if) he sells it at auction and pays the auction fees, what did he gain, about $10? Not to even mention his time and effort with shipping and all.
 
Last edited:
I've had it happen nearly FTF...Not long ago, I was at a gunshow. I saw a guy trying to sell his gun to a dealer. I stood over his shoulder and heard him tell the dealer he wanted X amount. I politely listened giving the dealer a chance and heard him decline the buy. The guy was getting ready to walk away. I asked to see the gun. I asked how much. He told me X + another 50 bucks...That was the end of our conversation.
 
Time vs Rate of Return..!

It's obvious the guy either doesn't know, or cared to consider "time vs rate of return". :what:

Having owned firearms and been in and around the firearms industry for over 50 plus years, as well as running a all service gun shop.. it amazes me how some of these guys are still in business. :confused:

I've seen instances where it took a store several months to sell (at a few $'s off their original high asking price) a used pistol/revolver that they had either bought outright, or took in as a trade on something else. If they had considered "time vs rate of return", they could have sold it within 30 days at a lesser amount (but still made money), reinvested the profit they did make.. and continue to "cookie-cutter" the situation.

If you're a gun shop owner, does it make any sense to overprice a piece by lets say $105 because you stubbornly want to sell it at that specific asking price.. while several months later (sitting there collecting dust), you finally give up (and just to get rid of it) you sell it at $85 over? That 7 month sale just gave you a little more than $12 per month profit.

Or.. sell it within the first 30 days at $50 profit, reinvest that $50 profit with a 30 day sale like the first one.. and get $350 profit over those same 7 months? :D

I know of one instance where a gun shop owner brought the same heavily engraved, Gold plated, imitation Pearl gripped, .32 semi-auto to our local gun show three (3) years running!! :rolleyes: Considering what he was determined to sell it for, no wonder he still had it.

Single Action Six
 
His loss, not yours...

...although I've noticed that DA 22 revolvers are selling at an even more obscene level than gas these days.

Everything that's priced right, sells.

Everything that's priced too high is inventory.

I'm no retail tycoon, but it would seem to me that selling at a non-loss price would be the objective for the merchant. Warehousing overpriced stock seems to be a recipe for failure. That's just me, though. I don't own a gunshop. And I don't buy overpriced items. ;)
 
Last edited:
Games

I walked out without telling him about our phone conversation, not because I didn't think I could get it for that amount....

You're the one playing games. If you had been straight forward about your previous conversation you may have been able to make the purchase for the previously agreed upon price without all this drama. Guess we will never know.
 
You should have just been up front with the retailer and told him you were the person who called. In this case, your plot to get a better deal backfired.
 
Status
Not open for further replies.
Back
Top