why would you give away all your contacts and suppliers
Why Give Away Your Suppliers and Customers?
"First he told everyone where he buys. Then he told everyone where he sells. Presumably next week's video explains why his margins disappeared."
It never ceases to amaze me. A dealer buys an item for £5, sells it for £270, tells everyone which charity shop supplied it, tells everyone where he sold it, and then wonders why competition suddenly appears.
There is a difference between sharing knowledge and giving away your business.
The irony is that some of these same people complain that charity shops are closing, that prices are too high, or that the best items never reach the shelves anymore. Yet every video showing huge profits encourages charity shops to research prices more carefully and move more stock online themselves.
Can you really blame them? Its boastful rude and ill judged, and commercial suicide
If a charity shop discovers that dealers are regularly pulling £200 or £300 items from the shelves for a few pounds, the obvious response is to put more of the good stock online, where it reaches a national audience.
Good suppliers, good customers and profitable outlets are business assets. Most successful dealers spend years finding them. Handing them all to the internet for free seems a curious strategy.
By all means share your passion and knowledge. But remember this: contacts are often worth more than stock.
Anyone can sell one item. The real skill is knowing where to find the next hundred. Truthfully charity shops rarely offer gems to the antiques trade, and most have tame dealers on their books.
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