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House Price Crash Forum


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About jones87

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  1. I bought something from eBay's biggest seller. £1.99 Delivered (1st Class). Product was sent in a jiffy bag far too big for Large Letter rate, so they are ripping Royal Mail off for a start. How can I compete with such volume sellers when they have an advantage, that being, they get away with murder when it comes to declaring their weights, volumes and formats to Royal mail. And when I mean murder, I mean Royal Mail will be loosing £1+ PER PARCEL that is presented as Large Letter instead of Packet. For example, 5,000 Parcels per day mis declared = £5,000 PER DAY. Revenue Protection won't touch these guys, they send too much for them to check. Rev Prot could turn around to them and say we sampled 20 yorks (roll cages used to move mail) and you have not declared your weights/qtys/formats/classes correctly based on that sample. Seller turns around and says but my other 80 yorks from would make it tally. Rev Prot are in a predicament, because the seller could be right. Only option is to sample ALL of the post, but they still need to deliver that 1st class post the next day regardless, therefore, they will never check their post. Too much work! There are ways sellers can 'work' their paperwork too, so it is too confusing and time consuming for Rev Prot to check your mail.
  2. That is my next project! I'm dreading privatisation, however as long as my competitors are paying same of near similar price as me, it can't be too bad I guess. We will see! Indeed, yes it is the same company your thinking of. I'm bitter because they directly targeted every single line I was getting from a particular distributor (my primary supplier). I couldn't even break even by matching most of their prices and I post 2nd class, they post 1st class. I was spending £7k per month with said distributor at the time, they wouldn't give me cheaper prices so I stopped carrying most of their lines. Blessing in disguise I guess, as a result I was forced to find new suppliers and diversify then I struck gold On a separate note, did anyone ever find out what happened to first2_save ? Minus the underscore.
  3. Personally, online keeps getting better for us because we don't stand still, product ranges and categories constantly expanding. We keep an eye on our margins too. SO many sellers don't do this. We have just 500 sku's 1,600 sqft warehouse. We sell housewares, kitchenwares, tools etc. We get 90% of our sales from eBay and 10% Amazon. We receive 3,500 orders per week. Average order is £4.66 20% of orders are international, we have translated listings in 11 countries and in local currencies too. (Australia is a huge market I've noticed) A HUGE chunk of our profits come from international sales, Royal Mail have some absolutely fantastic airmail rates if you post over 5,000 parcels per year. I can send a Packet to some countries CHEAPER than 1st class in the UK. I should also mention non-EU buyers don't receive a discount from our VAT inclusive prices, boosting profits even further on exports. I and the other director work 30 hours per week, we employ packers to do the boring work. Pay a grand a month for clever backend order processing system/inventory management software to automate everything. I take home £2.5k after tax each month, so does the other director. If you can get the right products, and sell in volume, as well as exporting as much as possible, you can't go wrong. Now I should also mention the shady practices some sellers are doing, when your a volume seller, you tell Royal Mail how many parcels, weights etc and you get a bill at the end of the month. So many sellers abuse this self declaration system, even the largest of them. Royal Mail can't sample a full lorry of mail and still deliver them the next day, so they don't know if your fiddling your figures. Large Letter is 59p or so, a Packet is a whopping 1.85 or so. Huge difference, and a simple tick in the other box when declaring your volumes for the day can greatly effect the bill! They can close your account if caught, but how can you get caught if your posting 10,000 parcels per day?? The biggest seller on eBay does this without a doubt, you can't sell something for £1.99 Delivered if the postage is £1.60-1.80. They have minimum of 300,000 orders per month. Interestingly they don't export at all, uk only. What a wasted opportunity, something is not right. Anyway I'm rambling....good day.
  4. It was a buy now or be left out frenzy, anyways, you could just cheaply withdraw equity after 1 year Prices were going up every month and it was good for the economy!
  5. After a recent visit to their Cheshire Oak's branch, I'm not planning on going again. TERRIBLE service, rude staff and an awful 'Fast Food' feel of the place. Food was lovely though, shame about the staff.
  6. Taxi plates in my city went for as high as 60k during the boom thanks to increased equity in owner drivers homes Now going for about 40k.its a grey market, the council still own the plate and can pull it at any moment in the future. I could buy a hackney cab and plate for 50k and settle rent it out to drivers for £350/week, just need to pay for insurance, road tax, license renewal and mot/taxi test/maintenance and plate finance via specialist taxi finance company, yes they exist. After 7 years plate is paid off, and your pulling in £350/week minus costs for doing almost jack shit while your day and night drivers have the cab on the road 20 hours of the day earning pittance. Cabs are in high demand at the moment because of immigrants, they are queuing up for owners to rent their cabs to them. Ive even seen owners renting plate only. Crazy!
  7. oh.... another so called 'price war' *yawn* I shop in Asda usually, whenever I shop in Tesco I end up spending 20% more and end up with more waste!! I don't know if it's just me, but the staff in Tesco are RUDE.
  8. Check out those comments! : http://www.rightmove.co.uk/sell-my-house-fast/ My favourite:
  9. Not so long ago they were giving 15% cashback via Quidco.com on all purchases online, laptops, TVs everything. That's their margin gone then...
  10. Me thinks this is where things slowly start going sour....taste of things to come ....as we all tend to say... all I wanted was a house price crash and I get this lousy /recession / depression.
  11. I have to agree this program reeked of propaganda, shame on your BBC!
  12. When rates resume to their average of 6% (or so) that means their interest rate will be 21.9% on my card. I pay my card off at the end of every month and every card I've had in the last 3 years they have given me the lower rates (15-18%) Quite a con in my opinion.
  13. Got a pretty "For the journey" letter today from Lloyds TSB regarding my airmiles credit card. Soon they will be charging me interest at my personal interest rate (15.9% + Base Rate). First I've ever heard of this practice, they have also got rid of the cash withdrawal interest rate so cash withdrawal's would be charged at the same rate. I can't see their reasoning for this? Are they expecting some mega inflation in the future and want protect their margins?
  14. This thread reminded me why I was angry in the car today. Local schools advertising on Radio ! :angry: What's the point & why are they allowed to waste money on advertising. Some of these schools advertised are over subscribed & sought after.
  15. Based on my experience, most shops will have just 1 Manager and then plenty of minions, some given Cash/Keys/Closing up etc responsibilities but with no premium in return for the extra responsibilities. My very first job was in a busy well known card chain in a prime location (The type that charges £3 for a average card) and the setup was exactly like above, despite a couple of staff assuming supervisor roles because they had keys syndrome, and still being on NMW. The manager was only in 4 days week, the minions would do her job most days. Another job in the nightclub/hospitality industry, big chain now gone under but supervisor's and venue supervisor's were all still on NMW, and told to instead grateful because they get 50-60 hours/week instead of 20. A large 'poundshop' type chain is exactly the same, everyone on NMW except the Manager.
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