Music-go-Round Go round

[phil b]

I wonder if Mr. MGR still owns his store or did it go under?? Any place that has a business model of no haggling when you have a brick and mortar store is going to fail. Period. In todays world of finding everything cheaper somewhere else you better do what it takes to make that sale. Even GC will haggle if you push enough, and if the local store wont you will find another one that will. Mark your stuff up with the assumption that you will haggle and give your customer a "deal". People will usually pay a little more to get what they want immediately rather than go online, but the thing is its up to you as a business owner to do some research to find out just how much more you can charge to make a deal worthwhile for everyone. Problem is that running a business doesnt mean you know how to sell.

 

[hsuru4u]

Sure there are some guys that want something for nothing- that always is the case and is just as silly. But if a guy is really interested in an item thats been sitting for 3-4 months and a large item(like 4-12 cab that likely wont be shipping out and the stores i visit are loaded with 4-12 cabs used because people dont want to lug them around much anymore) and is looking for a deal -I mean you can still give him a deal thats fair to both: the store will still make money and the buyer will walk away happy.

It is odd that a store would rather it sit there another 3-4 months rather then get it out and bring in something new and fresh. I sell gear here and there and accept reasonable offers that make both sides happy.

 

[Mr. GoRound]

I wonder if Mr. MGR still owns his store or did it go under?? Any place that has a business model of no haggling when you have a brick and mortar store is going to fail. Period. In todays world of finding everything cheaper somewhere else you better do what it takes to make that sale.

Still here, still in business, still rocking, still lurking. Some of you guys get what we do and some don't, paulyc is on it. I re-read my original post and a year later it still applies 100%. We skip the song and dance, set it at what we think is right, and mark it down when we're wrong. I can tell you though, our store is right 95% of the time. I can't think of a modern day, successful business, that people actually enjoy going to that still utilizes the haggling model. Haggling is soooooo 1973.

 

[phil b]

I wonder if Mr. MGR still owns his store or did it go under?? Any place that has a business model of no haggling when you have a brick and mortar store is going to fail. Period. In todays world of finding everything cheaper somewhere else you better do what it takes to make that sale.

Still here, still in business, still rocking, still lurking. Some of you guys get what we do and some don't, paulyc is on it. I re-read my original post and a year later it still applies 100%. We skip the song and dance, set it at what we think is right, and mark it down when we're wrong. I can tell you though, our store is right 95% of the time. I can't think of a modern day, successful business, that people actually enjoy going to that still utilizes the haggling model. Haggling is soooooo 1973.

Well apparently other franchise owners arent realistic with their prices. This thread is one of many with evidence of that. Good that your store is still doing well. With so many resources out there to purchase gear you cant NOT haggle to make the sale sometimes. Marking it down after the item has been sitting just because its overpriced takes it toll on the piece, as it was said already in this thread. If you let someone walk over $25 or $50 on a high dollar item to make that sale today then thats silly. You did say you will mark stuff down so if someone comes to you with a lower price off a guitar from 2 other places and you realize your price might be a bit high, will you mark it down to make the sale? I dont know you or your store and maybe you price everything accordingly, but most guys dont, and lose lots of business because of it. How long does inventory stay on your floor typically?

 

[Viper]

Basically, MGR is a pawn shop that just deals in musical gear. I've been through the one in my town, its just terrible. I'd rather buy online sight unseen.

 

[Chris O]

I love the internet. Where else can a person bitch incessantly about trying to change something that doesn't need nor care to be changed? It's beautiful, I tell ya.

Now get off my lawn!!!

 

[SavageRiffer]

I've been to a few of them. I once got a good deal on a pedal, but everything else was always way overpriced and they didn't want to negotiate much. They give crap trade-in value for even the best gear. Their formula is apparently to give you 30% of what they think it would sell on Ebay. After a few years of the ocassional stop-by, I gave up looking for good deals and never went back. Too bad because they make a killing of all the average Joe boobs out there.

 

[Knockout]

I got two good deals with them here in Colorado Springs. One of the set of KRKs, bought two VXT 6 monitors for $200, and I traded Mayones from them better than I'd do on any forum. Both things were sitting there for a good while though, I was looking at the monitors for about 5 months and Mayo for good 8-10

 

[hsuru4u]

I wonder if Mr. MGR still owns his store or did it go under?? Any place that has a business model of no haggling when you have a brick and mortar store is going to fail. Period. In todays world of finding everything cheaper somewhere else you better do what it takes to make that sale.

Still here, still in business, still rocking, still lurking. Some of you guys get what we do and some don't, paulyc is on it. I re-read my original post and a year later it still applies 100%. We skip the song and dance, set it at what we think is right, and mark it down when we're wrong. I can tell you though, our store is right 95% of the time. I can't think of a modern day, successful business, that people actually enjoy going to that still utilizes the haggling model. Haggling is soooooo 1973.

So mrgoround....if your store had this item i was looking at...vox ad412 cabinet. They paid/got it in trade-whatever for $250. Mrked it at $499.99. Its been there a few months. I was super interested and offered $400...nothing....then a month later $450. Would you have worked with me? Just curious. I know not every MGR is likely the same everywhere because owners can all be diff....but i have had this similar thing happen with All the mgr stores in my area. No dealing to somehow make a buyer think he negotiated a fair deal.

The item did sell recently at the $500 plus tax so 540.00 and thats good for the store i am sure..

 

[Chubtone]

I miss the days of the local stores.

Anymore I only visit Guitar Center to try items and then buy online...

I can't figure out why there are no local stores anymore...

 

[skoora]

I miss the days of the local stores.

Anymore I only visit Guitar Center to try items and then buy online...

I can't figure out why there are no local stores anymore...

Gotta love those rose colored glasses