Locked: What is the markup generally like on TV's at Futureshop?

ainsane wrote:Hey I'm looking at buying a new TV. I was wondering what the markup is like on high-end tv's at Futureshop and approximately how much you can talk these guys down.

Without really trying (since I wasn't serious at that visit), I got a salesman to agree to give me $500 off a $4500 TV... which makes me wonder how much I could negotiate off if I actually tried.

Any info is appreciated as always. This info can help me when making a deal with the salesman.

There is very little margin in video, 500 off on a 4500 dollar TV suspects me to think that cost would be around 3500. Years ago, i used to sell electronics, and video was hell, cause it's expensive and people want deals, you gotta give em deals, and your left with little profit in the end. And thats where extended warranty, AV cables, and dvd's, vcr's ect.. Come into play.. But yeah, the key is haggle and haggle, and haggle, keep asking for a specific price, when he gives it to you, walk away!! That will piss him off good, then come back and be like my wife said if you can do it TAX in, i can do it right now..

Typically, the markup is mininum 30% unless it goes on sale. This is lower on big ticket items.

The $4500 TV probably cost them a bit more than $3000. So, like the other poster said, go for $3500.

i think they reserve some money for the no interest on monthly payments. See if you can save some more by telling them you'll pay all upfront and not taking the no interest on monthly payment plan.

Cruel_Angel wrote:There is very little margin in video, 500 off on a 4500 dollar TV suspects me to think that cost would be around 3500. Years ago, i used to sell electronics, and video was hell, cause it's expensive and people want deals, you gotta give em deals, and your left with little profit in the end. And thats where extended warranty, AV cables, and dvd's, vcr's ect.. Come into play.. But yeah, the key is haggle and haggle, and haggle, keep asking for a specific price, when he gives it to you, walk away!! That will piss him off good, then come back and be like my wife said if you can do it TAX in, i can do it right now..

Thanks for the advice I can't ask for a specific price if it's under cost or too close to cost though Hopefully I can find out approx what cost is. If it's $3500 I will bug him for $3700 and hopefully get around there.

eelfliw wrote:Typically, the markup is mininum 30% unless it goes on sale. This is lower on big ticket items.

The $4500 TV probably cost them a bit more than $3000. So, like the other poster said, go for $3500.

Hrmm, $3000 seems a bit low. I wonder though... $3500 would be good if I could get it for that price.

ainsane wrote:Hrmm, $3000 seems a bit low. I wonder though... $3500 would be good if I could get it for that price.

dont be surprised, tvs and speakers are marked up pretty well, speakers marked up by 2x...if you arent in a rush yet, gimme the product id (100XXXXX)

i can prolly find out for you by monday when my friend works, no promises though cause i might not be able to reach him (but if someone here works for fs, they can check it up for you on their system at work)

i saw a 9999.99 plasma cost was 6XXX something + 10% so it was like 6700~ for staff + tax

D-Sisive wrote:dont be surprised, tvs and speakers are marked up pretty well, speakers marked up by 2x...if you arent in a rush yet, gimme the product id (100XXXXX)

i can prolly find out for you by monday when my friend works, no promises though cause i might not be able to reach him (but if someone here works for fs, they can check it up for you on their system at work)

i saw a 9999.99 plasma cost was 6XXX something + 10% so it was like 6700~ for staff + tax

Hey, thanks. I'm not in a rush. I'm interested in the Sony Bravia XBR 40" LCD for $4500 - 10065459 (KDL40XBR1). I'de really appreciate the cost price if you can get it for me, that would be awesome.

Since it's easier to find US prices, I found this TV for $2600 at parkaveelectronics.com. The MSRP in USD is $3500, which means Parkave is selling it for around 25% off. I'm not sure if it's an accurate comparison, but in Canadian currency, the 25% off the $4500 CDN would be $3375.

I'm not sure if this comparison is fair though. But it shoudl give a general idea of what percentage retailers can take off.

beppy wrote:i think they reserve some money for the no interest on monthly payments. See if you can save some more by telling them you'll pay all upfront and not taking the no interest on monthly payment plan.

Hrmm didn't know the no interest payments affects the commission of the guys at the bottom. I was planning on doing this just because it makes sense. But if it affects the price I will just pay up front.

they offered $3999 because other retailers are selling it for that, so it's really price match.

don't expect much lower than $3849 thou.

Anyone who wants to get an edge when they are negotiation should read the book "roger dawson : The secret of power negotiation." After reading this book I felt like I could hav someone give over their gold fillings with a smile.

beppy wrote:i think they reserve some money for the no interest on monthly payments. See if you can save some more by telling them you'll pay all upfront and not taking the no interest on monthly payment plan.

uuuhh...I don't think that's right. I'm not 100% sure on this, but don't they WANT you to put it on credit? Most companies want you to use their payment plans as they usually make interest off people who don't end up paying it back in time.

Piers wrote:they offered $3999 because other retailers are selling it for that, so it's really price match.

don't expect much lower than $3849 thou.

what are you basing this on?

I didn't realize you could haggle at FS or BB ?

insanity wrote:I didn't realize you could haggle at FS or BB ?

Yeah, not many people do.

ainsane wrote:what are you basing this on?

I work there.