Quote:
Originally Posted by JollyElm
746. Sitcommerce
When apologists for notorious on-line price extortionists claim they have fine business models, and you can’t help but laugh and wonder, “If that’s the case, why don’t they buy up all of the same cards that others list on eBay for 1/4 of their price and sell them for a huge profit??”
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Well, umm, because the model low volume, high margin. Of course they won’t buy all available inventory, the model needs spreads greater than retail purchases can offer. Pretty simple stuff, your zinger shows you don’t understand the model.
Now whether this model is a good one is beyond me, I don’t have access to Deans financials but we can see his sold history and he moves cards in decent volumes. So I assume it is working, and I can respect someone that likes to take price premium.