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Do you know about QBP Products and Pricing?

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Do you know about QBP Products and Pricing?

Old 06-22-11, 03:38 PM
  #26  
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Originally Posted by sashimimi View Post
I thought it was a pretty big no-no to share QPB's wholesale prices, especially in a public way, but maybe I will be corrected by someone with more knowledge! Oh, and our co-op had Panaracers, but only had J&B I believe, I know they definitely didn't have QBP.
It may or may not be but 'word' gets around......
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Old 06-22-11, 03:47 PM
  #27  
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Originally Posted by Zaphod Beeblebrox View Post
Where could one order something like that at prices that make resale viable?

Or is the answer to that question "QPB"?
Ebay.....

Wholesale Pricing approximate:
Paselas steel bead are ~$13
Paselas TG folding bead are ~$26

All over the Internet:
Pasela steel bead $16.50
Pasela TG folding bead ~$26

My catalog is a little old but its not that old...my point is that alot of internet pricing isnt too far off wholesale pricing. One can easily find last years model or excess inventory on the internet for what current wholesale cost is.

I can get anything I want at wholesale but I can only get it once or twice a year because thats how often my source orders but its not always worth waiting because I can get the same parts on ebay for maybe 10-20% more.
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Old 06-22-11, 04:03 PM
  #28  
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It only makes sense to have a wholesale account if you can buy large volume, move inventor quickly, or afford to sit on inventory till it sells. When comparing prices online don't forget to add in cost of shipping... many retailers mark up shipping and not the product... while others offer free shipping.

When I established my wholesale account I was both excited and disappointed at the same time... it made me realize just how tight retail margins really are now that we have hundreds of online bike shops / suppliers.
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Old 06-22-11, 04:28 PM
  #29  
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Last time I saw a QBP price list I could get an Ultegra 6700 group for $50 less than QBP wholesale if I ordered it from chainreaction or ribble in the UK. Made me feel bad for LBS's.
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Old 06-22-11, 04:29 PM
  #30  
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Perhaps the big mail order houses are owned by bike brands that over-buy OE components and it somehow arrives in retail packaging ready to sell on ebay. Wow, what an imagination I have.
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Old 06-22-11, 05:02 PM
  #31  
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Back in my bike shop days, the markup on parts was typically 50% (retail price was double what we paid wholesale) while the markup on whole bikes was tiny--as low as 5%. The two shops I worked in only (barely) survived based on that parts markup.

Neal
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Old 06-22-11, 05:06 PM
  #32  
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For consumables and non-specialty parts, most of your LBSs use QBP, J&B Importers and KHS. My LBS uses all three.
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Old 06-22-11, 08:08 PM
  #33  
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Get it up and running and I'll volunteer some of my time. Are you thinking Sussex area, or Passaic?
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Old 06-22-11, 08:27 PM
  #34  
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I'll volunteer to help with your web site (it's what I do for a living, 10+ years so I'm not talking about having your cousins friend who learned it from a book doing it).
That said I think you'd probably make more money just finding bikes , stripping them, and selling the parts on ebay and at swap meets
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Old 06-22-11, 08:33 PM
  #35  
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You also need to be in business for a little while before QBP will think about giving you an account. I know one shop has been open for a few years now, and just got a QBP account this summer. They previously used Down East and J&B (after myself and another person told them to get an account). My current shop uses QBP, J&B, and BTI. There are also Giant, Raleigh, Merry Sales, Seattle Bike Supply, UBS, and a few others I am probably missing.
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Old 06-22-11, 08:36 PM
  #36  
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Originally Posted by nlerner View Post
Back in my bike shop days, the markup on parts was typically 50% (retail price was double what we paid wholesale) while the markup on whole bikes was tiny--as low as 5%. The two shops I worked in only (barely) survived based on that parts markup.

Neal
I don't see how B&M LBS's can keep the lights on with such tight margins. 50% is nothing. The tax man here in Chicago takes over 11% themselves on every transaction and the shop only can make 50? Yikes. I thought it was more like 100% at least. 5% on bikes blows my mind. That won't even pay interest for a couple of months! I don't know how LBS's can survive.
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Old 06-22-11, 08:50 PM
  #37  
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Originally Posted by Zaphod Beeblebrox View Post
Obviously some products will have a greater margin than others.

The purpose of this inquiry isn't to find out how to satisfy QBP's vetting process or try and sneak into QBP with an ulterior motive. All I'm trying to find out is if its worth it in my case to attempt to become a QBP customer of if I'm better off seeking out different channels for the products I want to offer.
After they buy merchandise wholesale, retailers charge what they want for it. You will find that the markup on consumables (tubes, cables, pads, small accessories) higher than for big-ticket items like suspension forks and 7900 STI levers.
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Old 06-22-11, 08:53 PM
  #38  
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Originally Posted by nlerner View Post
Back in my bike shop days, the markup on parts was typically 50% (retail price was double what we paid wholesale) while the markup on whole bikes was tiny--as low as 5%. The two shops I worked in only (barely) survived based on that parts markup.

Neal
"Chicago" Schwinn stores worked on very tight bike margins way back, like 18% plus they had to assemble and variable freight. Then there was the expected free afterservice. Bike shops survived on accessories, service and parts mark-up. Maybe clothing now, but that is/was always tough, one had to be willing to let 25% go for cost or below cost to keep the dollars turning.

A shop can now sell fitting to a bike, (unheard of decades ago). And with the advent of index shifting and chains that need very special chain tools, maintenance and general service.

Way back, a shop that turned over the total worth of their inventory 3x per year was going great, 5x a few shops claimed, but they used importing on their own and / or mailorder.
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Old 06-22-11, 08:55 PM
  #39  
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My shop lets me browse the catalogue, and they tell me to add 60% to the prices shown.
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Old 06-22-11, 08:55 PM
  #40  
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Originally Posted by nlerner View Post
Back in my bike shop days, the markup on parts was typically 50% (retail price was double what we paid wholesale)
Um, twice of wholesale is 100% markup. That's pretty normal for a specialty shop (as opposed to a mass-marketer).
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Old 06-22-11, 08:57 PM
  #41  
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Originally Posted by YoKev View Post
My shop lets me browse the catalogue, and they tell me to add 60% to the prices shown.
You are a very valued customer of that shop. That's a lot of trust and loyalty between you.
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Old 06-23-11, 06:53 AM
  #42  
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Originally Posted by oldbobcat View Post
Um, twice of wholesale is 100% markup. That's pretty normal for a specialty shop (as opposed to a mass-marketer).
Sorry to confuse my terms: the 50% was how the bike shop referred to it, iirc. In other words, of the selling price, 50% of that was above cost.

Neal
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Old 06-23-11, 07:12 AM
  #43  
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Originally Posted by nlerner View Post
Sorry to confuse my terms: the 50% was how the bike shop referred to it, iirc. In other words, of the selling price, 50% of that was above cost.

Neal
It depends on how you look at it and phrase things. 50% of the Retail price was markup while The wholesale price was marked up 100% = same thing.

Perfectly reasonable markup either way one looks at it but the lower number seems less gougey I don't think it is gougey at all as the costs of running a business are not negligible. When I want something fast I shop my LBS but I have lately become accustomed to considering my "Local" Bike Shop to be Niagara. They have a nice storefront in my bedroom on this magic screen and the brown truck they use to drop off the parts comes right to my door. I only wish they would organize their headsets a little bit better. Buying a headset from them is like predicting the weather out 2 weeks in advance. Every head set I've ever seen has all the numbers right there on the box but apparently that is too difficult to list on the website -especially the cheaper ones. I don't have a Wald catalog so a Wald part number is pretty much meaningless to me! Please tell me things like cup diameter and stack height!
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Old 06-23-11, 09:49 AM
  #44  
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Originally Posted by JunkYardBike View Post
Get it up and running and I'll volunteer some of my time. Are you thinking Sussex area, or Passaic?
I'm trying to figure that out and I'm not sure what's better.

I'd prefer to do it in Sussex County because i like it better there and I think more people should come up there to ride...problem is its Sussex County and you know how it is up there in comparison...its the sticks, and I don't know if that's good for business.
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Old 06-23-11, 10:01 AM
  #45  
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Originally Posted by Zaphod Beeblebrox View Post
I'm trying to figure that out and I'm not sure what's better.

I'd prefer to do it in Sussex County because i like it better there and I think more people should come up there to ride...problem is its Sussex County and you know how it is up there in comparison...its the sticks, and I don't know if that's good for business.
Demographics is everything.......
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Old 06-23-11, 11:15 AM
  #46  
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whats the demographic that spends money at bike shops?
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Old 06-23-11, 11:22 AM
  #47  
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Originally Posted by Zaphod Beeblebrox View Post
I'd prefer to do it in Sussex County because i like it better there and I think more people should come up there to ride...problem is its Sussex County and you know how it is up there in comparison...its the sticks, and I don't know if that's good for business.
Originally Posted by Zaphod Beeblebrox View Post
whats the demographic that spends money at bike shops?
You'd prefer to be Sussex because you like it there and think people should go up there....that tells me there isnt much of a customer base up there. Your own words: "its the sticks'

Who spends money in bike shops? Who do you think?
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Old 06-23-11, 12:54 PM
  #48  
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There's a cool bike shop outside of Lambertville, here's his website. You might want to check it out sometime, because I imagine it's a business model rather like what you're thinking of. One man operation every time I've been in there (though I did know a guy who helped out there sometimes).

I am somewhat leery of doing anything professionally, that I'd rather do for fun. Doing it professionally takes the fun out of it.
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Old 06-23-11, 01:01 PM
  #49  
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Originally Posted by miamijim View Post
You'd prefer to be Sussex because you like it there and think people should go up there....that tells me there isnt much of a customer base up there. Your own words: "its the sticks'
I didn't phrase that very well. I mean to say that I know people are drawn up to the area to go ride....I also know there aren't nearly as many people living up here as come to ride. What I'm trying to get at is whether its better to be where people live or where people go to ride their bikes? Around here it isn't necessarily the same place.

There used to be several good shops in the county but there are very few now. I'm wondering if that's an opportunity or an omen.


Who spends money in bike shops? Who do you think?
I'm honestly asking. Within 15 minutes of each other there's the poorest town in the county and the richest. Which is a better bet? Do you set up in the rich town because people ostensibly have money? Do you set up the poor town because more people can't afford cars and need alternate transportation?
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Old 06-23-11, 01:02 PM
  #50  
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Originally Posted by rhm View Post
There's a cool bike shop outside of Lambertville, here's his website. You might want to check it out sometime, because I imagine it's a business model rather like what you're thinking of. One man operation every time I've been in there (though I did know a guy who helped out there sometimes).

I am somewhat leery of doing anything professionally, that I'd rather do for fun. Doing it professionally takes the fun out of it.
That's quite cool. I should go check that shop out.
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