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And the large amount of people that will be trying to sell these on various sites, which will bring the price down as there will be a lot of competition Would not be surprised as LEGO had them available on their site, and they are only listed on back order... my guess is with the demand they will just keep churning them out.
A lot of people are banking these will be worth a fortune and that is the main problem I see with these because many kids have the attention span of a grapefruit and look for the next best thing... So A heck of a lot of people are banking on two things.
1)Despite the large amounts of these being sold, that market saturation will not occur
2) That kids will still be into Ninjago after the line stops (and I presume the TV show with it)
I bought some to resell, but not crazy numbers... There are more sellers online every day, while this continues to sell well, the number of sellers I see with stock is increasing, not decreasing.
Lord help us if demand drops at all! :)
Shipping, fees, labor, all kicks in...
At triple RRP on a $10 item, your real profit is about $10, with another $10 going to the above, and $10 going to pay for the item.
There are quite a few people out there working for free reselling. :)
The figure has only ever been in the spinner set which is pretty hard to find in UK.
No offense to any Lego store employees of course. :)
Now I do know they have people who help with store inventory and allocation, I've met one of the people who does it locally, they work with the store manager to try and provide "on the ground" feedback to the upper management, beyond just sales numbers. After all, you only sell what you actually have, so just looking at sales is only part of the story. Could the store have sold more of XYZ if it had had it? You can only find that out by talking with the store manager, and the store manager only knows by having good staff that keeps up with it.
In the end, the store gets shipped whatever corporate wants to ship, or needs to ship. But the store manager does work with one level up to try and make it flow smoothly.
Also, keep in mind that the store manager WANTS to get all the good stuff in, their pay is largely based on sales targets, beating them gets bonuses, and the pay is rather lousy without those bonuses.
The most these comments should do is cause you to re-evaluate things as you go -- nothing more.
Perhaps the pay there is just such that they can't afford it. In which case, I can understand why they don't all like us. :)
I just bought the last two Black Pearl's at my local store this week, I asked the shift manager why he didn't buy them, and he just seemed indifferent to the whole thing.
I must admit, it is pretty cool to watch them sell so fast, but we all must remember that they are often going 5 at a time, so they are going to a lot of resellers, rather than end users. The aftermarket won't sell quite that fast. :)
and on that note... 3 left in stock... :)
You know, it probably sounds like so much money, so much stuff... this is minor, we're looking at 300 spinners sell in about 3.5 hours. $10 each, that is $3,000.
Nice, but noise in the grand scheme of things when it comes to Lego, toys in general, and of course Amazon.
Nice money if it had been in my pocket however. ;)
If Amazon paid $7 each for those spinners, they then earned $900, before paying for shipping, credit card fees, warehouse worker time, etc. I doubt they made a dime, probably broke even at best.
Amazon will make FAR more money on the resellers than they did selling them themselves.
Then there are humans doing manual massage of prices from time to time, and perhaps they just do random 10% off discounts at odd times for no reason other than to be interesting. :)
It is just amazing to watch something sell this fast, restock, sell out, restock, then restock again, yet continue to sell a hundred units in an hour.
Reminds me of Elmo and Furbies a few years back. :)
I've been selling off exclusively on ebay and profit is about $5 when it's sold at $20 with free shipping. It gets a lot slower past few days as we see these in stock. I know it's not very much but I have about 40 of them left. Shipping is easy for this item so not a time consuming compared to other big sets.
I know this could be a sensitive question but if you can share it, I will be glad :) Learning from pros is always good. Thanks!
For Lloyds, which are pretty scarce over here, I got £17.95 on eBay and £12-£15 at work.