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DansDeals Forum => Deals/Deal Requests => Topic started by: Moshe_N on October 28, 2020, 01:19:43 PM

Title: Air Jordan Investment?
Post by: Moshe_N on October 28, 2020, 01:19:43 PM
Anyone getting on this?
https://pfsbuyersclub.com/Info/CurrentDeal

I'm assuming that if PFS is offering a $50 commission, they've done their research, and it's gonna go for a whole lot more. Anyone buying it?

*Cost of item is $225 and they are buying it for $275 = $50 proft

limited edition "Air Jordan 5 x Off-White Sail
Title: Re: Air Jordan Investment?
Post by: TheSlightEdge on October 28, 2020, 01:38:24 PM
Opted in.

Learned my lesson from the last coin deal. Never opted in thinking it would go for more, and then was stuck with the coin which I had to return (and despite sending it back to the U.S. Mint around 3 weeks ago, still haven't gotten $ back). For me it's better to make the quick $50 and not have to worry about anything than make a potential few hundred bucks but then have to worry about Ebay scams, customer returns, etc.
Title: Re: Air Jordan Investment?
Post by: sddd on October 28, 2020, 02:36:04 PM


Analysis
Title: Re: Air Jordan Investment?
Post by: normathej on October 28, 2020, 02:45:30 PM
I'm guessing this deal will be fairly difficult to snag.  There is an entire industry built around limited release sneakers.
Title: Re: Air Jordan Investment?
Post by: sddd on October 28, 2020, 02:50:25 PM
I'm guessing this deal will be fairly difficult to snag.  There is an entire industry built around limited release sneakers.

of course.
Next weeks 1945 commerative coin will be worth 5-15k. Will sell for 2.5k-2.7k at mint
but it will sell out in 1.3 seconds. vyesh omrim .8 seconds.
Title: Re: Air Jordan Investment?
Post by: r duvid on October 28, 2020, 07:06:23 PM
*Cost of item is $225 and they are buying it for $275 = $50 proft
Just opted in, in the conf. email it says $300 back?! did they increased the price?                                                                                                                                                     
                                                                                                                                                                                                                                                                                   
"Thank you for opting in to the Air Jordan 5 x Off-White Sail sneakers deal!

You are confirmed and locked in at $300.00 for 1 order(s) of 1 pair of Air Jordan 5 x Off-White Sail sneakers."
Title: Re: Air Jordan Investment?
Post by: Yehudaa on October 28, 2020, 07:10:02 PM
Did anyone else think this thread was about an airline investment when they first saw the title?
Title: Re: Air Jordan Investment?
Post by: CountValentine on October 28, 2020, 07:50:19 PM
Sell these on your own.
Title: Re: Air Jordan Investment?
Post by: Moe21 on October 28, 2020, 07:51:57 PM
Just opted in, in the conf. email it says $300 back?! did they increased the price?                                                                                                                                                     
                                                                                                                                                                                                                                                                                   
"Thank you for opting in to the Air Jordan 5 x Off-White Sail sneakers deal!

You are confirmed and locked in at $300.00 for 1 order(s) of 1 pair of Air Jordan 5 x Off-White Sail sneakers."
They upped it to cover sales tax in all states
Title: Re: Air Jordan Investment?
Post by: Lurker on October 28, 2020, 08:29:42 PM
Sell these on your own.

+1, if you can get your hands on a pair.

it will sell out in 1.3 seconds. vyesh omrim .8 seconds.
Title: Re: Air Jordan Investment?
Post by: bestwatchman on October 28, 2020, 10:43:54 PM
Signed up and opted in. First time I'm buying for a buying group.
Title: Re: Air Jordan Investment?
Post by: aygart on October 28, 2020, 10:52:48 PM
ANd here I thought they were on a big sale in Philly!
Title: Re: Air Jordan Investment?
Post by: myi on October 29, 2020, 01:32:35 AM
You actually need to use the app to make the purchase?

As well I'm curious if it's one per household or there's no limits?

 I've always heard people were into buying and reflipping sneakers but I didn't know there's such a big market for this.

 Seems they have new releases every day or every other day.
Title: Re: Air Jordan Investment?
Post by: myi on October 29, 2020, 01:38:28 AM
https://www.nike.com/help/a/launch-tips

 Great article to read for the first time buyers to get the gist of what and where to buy.
Title: Re: Air Jordan Investment?
Post by: myi on October 29, 2020, 01:48:02 AM
What size sneakers are you guys going to buy?

 On eBay it seems the common sizes are between a 10 and 12.
Title: Re: Air Jordan Investment?
Post by: Yammer on October 29, 2020, 02:45:10 AM
There's someone offering $355 Total.

PM and I will send you his number
Title: Re: Air Jordan Investment?
Post by: myi on October 29, 2020, 03:29:25 AM
There's someone offering $355 Total.

PM and I will send you his number
On eBay they seem to be going from $700 to $1,000.

 This is something if I get will hold on and then flip.
Title: Re: Air Jordan Investment?
Post by: talmid chuchem on October 29, 2020, 09:35:50 AM
Can I buy it on the website?
Link?
Or only in app?
Title: Re: Air Jordan Investment?
Post by: talmid chuchem on October 29, 2020, 09:57:13 AM
Is it limited per account?
Title: Re: Air Jordan Investment?
Post by: normathej on October 29, 2020, 10:09:49 AM
It's one per account. 

Did anybody get one?  Mine just says "pending"...
Title: Re: Air Jordan Investment?
Post by: Shlomo1 on October 29, 2020, 10:12:49 AM
It's one per account. 

Did anybody get one?  Mine just says "pending"...
+1
Title: Re: Air Jordan Investment?
Post by: crownsbroyal on October 29, 2020, 10:13:31 AM
+1

Mine as well
Title: Re: Air Jordan Investment?
Post by: normathej on October 29, 2020, 10:14:23 AM
And, just got notice it's sold out.  Oh well.  Did it exactly on time...
Title: Re: Air Jordan Investment?
Post by: crownsbroyal on October 29, 2020, 10:15:01 AM
looks like i didnt get it.  It says sold out now
Title: Re: Air Jordan Investment?
Post by: mimb on October 29, 2020, 10:16:16 AM
Also got pending at first and now sold out. We can't compete with the bots...
Title: Re: Air Jordan Investment?
Post by: zale on October 29, 2020, 10:16:41 AM
Are the children's sizes worth anything? Looks like those are still available.
Title: Re: Air Jordan Investment?
Post by: normathej on October 29, 2020, 10:17:55 AM
Are the children's sizes worth anything? Looks like those are still available.

I tried for those at like 10:05 when I realized there were kid's sizes, but those all sold out also.
Title: Re: Air Jordan Investment?
Post by: yeshivabucher on October 29, 2020, 10:19:17 AM
Also got pending at first and now sold out. We can't compete with the bots...
+1000
Title: Re: Air Jordan Investment?
Post by: zale on October 29, 2020, 10:19:26 AM
Also got pending at first and now sold out. We can't compete with the bots...

I don't think it's bots. It's just odds. hundreds of thousands of people trying to buy a few thousand pairs of shoes means you have a 1/100 or less chance of getting one. Milliseconds matter here. I ordered just before 10:01 and got the "pending" then "sold out".
Title: Re: Air Jordan Investment?
Post by: myi on October 29, 2020, 10:28:56 AM
I don't think it's bots. It's just odds. hundreds of thousands of people trying to buy a few thousand pairs of shoes means you have a 1/100 or less chance of getting one. Milliseconds matter here. I ordered just before 10:01 and got the "pending" then "sold out".
What's the pending all about? Why not fulfill the order when one checks out?

   Assuming you had a chance for the order to go through the pending status would probably still be there?
Title: Re: Air Jordan Investment?
Post by: normathej on October 29, 2020, 10:29:06 AM
Just annoying because of the way it works; you don't have an opportunity to try for another size if the one you wanted was sold out.
Title: Re: Air Jordan Investment?
Post by: zale on October 29, 2020, 10:34:01 AM
What's the pending all about? Why not fulfill the order when one checks out?

   Assuming you had a chance for the order to go through the pending status would probably still be there?

Their system probably can't handle that kind of traffic. They are afraid of overselling.
Title: Re: Air Jordan Investment?
Post by: Pad18 on October 29, 2020, 10:35:14 AM
Just annoying because of the way it works; you don't have an opportunity to try for another size if the one you wanted was sold out.

Technicaly that's exactly how it's supposed to work ! Remember you are supposed to buy for you, and your foot are one size ? It doesn't change based on the availability of the shoes
Title: Re: Air Jordan Investment?
Post by: sruly on October 29, 2020, 10:35:18 AM
Ordered a size 11 at 10:07am and got confirmed at 10:10am.

First time getting one after trying 10x with the raffle system.
Title: Re: Air Jordan Investment?
Post by: Pad18 on October 29, 2020, 10:38:51 AM
Ordered a size 11 at 10:07am and got confirmed at 10:10am.

First time getting one after trying 10x with the raffle system.

Congrats! Sold out for me ..
Title: Re: Air Jordan Investment?
Post by: Lurker on October 29, 2020, 10:57:32 AM
I don't think it's bots. It's just odds.

There are most definitely bots involved. People, too, but mainly bots.
Title: Re: Air Jordan Investment?
Post by: myi on October 29, 2020, 11:14:15 AM
Ordered a size 11 at 10:07am and got confirmed at 10:10am.

First time getting one after trying 10x with the raffle system.
Placed the order at 10:08 for a size 11 as well and nadda.
 Showed pending then sold out.

 What did it say online? Pending then?

 Assuming you got an email confirmation.
Good for you.
Title: Re: Air Jordan Investment?
Post by: mimb on October 29, 2020, 11:39:19 AM
Ordered a size 11 at 10:07am and got confirmed at 10:10am.

First time getting one after trying 10x with the raffle system.

Surprised that worked for you. I ordered a size eleven literally seconds after 10:00am and went pending for a while until it cancelled. Oh well
Title: Re: Air Jordan Investment?
Post by: sruly on October 29, 2020, 12:29:23 PM
Placed the order at 10:08 for a size 11 as well and nadda.
 Showed pending then sold out.

 What did it say online? Pending then?

 Assuming you got an email confirmation.
Good for you.
showed pending all along but got email confirmation at 10:10.
Title: Re: Air Jordan Investment?
Post by: mbelsky on October 29, 2020, 10:44:47 PM
My buying group only got one kids pair. If anyone wants to join, PM. I will be doing shoes, coins and other limited edition items.

I was offering $130 commision (minus taxes pd) for the adult and $50 for the kids and toddler (only bc i didnt have time to research the resale price of the smaller versions)
Title: Re: Air Jordan Investment?
Post by: Lurker on October 29, 2020, 10:54:22 PM
+1, if you can get your hands on a pair.

https://stockx.com/air-jordan-5-retro-off-white-sail
Title: Re: Air Jordan Investment?
Post by: nsastamps on October 29, 2020, 11:59:30 PM
My buying group only got one kids pair. If anyone wants to join, PM. I will be doing shoes, coins and other limited edition items.

I was offering $130 commision (minus taxes pd) for the adult and $50 for the kids and toddler (only bc i didnt have time to research the resale price of the smaller versions)
Highly coveted sneakers like todays drop are being purchased by bots that are more powerful and have higher chances than probably 1000 humans
Title: Re: Air Jordan Investment?
Post by: yidela on October 30, 2020, 09:06:26 AM
What means Bot's? (don't speak so good english..)
Title: Re: Air Jordan Investment?
Post by: nsastamps on October 30, 2020, 10:13:44 AM
What means Bot's? (don't speak so good english..)
A sophisticated computer program + highly powered computer + vpn + proxy close to seller sever + high speed internet built by smart nerds who are in this business for years. Itís basically programmed  to buy a bunch of pairs in the matter of nanoseconds.
Title: Re: Air Jordan Investment?
Post by: CountValentine on October 31, 2020, 11:09:25 AM
Sell these on your own.
https://stockx.com/air-jordan-5-retro-off-white-sail
Many are not aware of the sneaker market. These BG's are taking advantage of everyone.
Title: Re: Air Jordan Investment?
Post by: zale on October 31, 2020, 09:07:22 PM
A sophisticated computer program + highly powered computer + vpn + proxy close to seller sever + high speed internet built by smart nerds who are in this business for years. Itís basically programmed  to buy a bunch of pairs in the matter of nanoseconds.

People seem to get consolation by believing that bots bought all the sneakers.

Here is the problem: you can only get one pair per account. Letís assume that our hypothetical nerds are using Android on a VM, they still need the bot to open the app, sign in, get the sneakers, and checkout. Assuming they can pull this off with minimal or no testing, how are they creating multiple accounts? Each account requires a Google Play account AND a Nike account. Nike requires a unique phone number for each account. Do you know how many accounts they will need to buy out 35,000 pairs?

So either there are many, many hacker nerds out there, or you can just accept the fact that hundreds of thousands (maybe millions?) of people were trying to buy a few thousand pairs of sneakers and the vast majority of people didnít get one.
Title: Re: Air Jordan Investment?
Post by: Lurker on October 31, 2020, 10:10:56 PM
People seem to get consolation by believing that bots bought all the sneakers.

Here is the problem: you can only get one pair per account. Letís assume that our hypothetical nerds are using Android on a VM, they still need the bot to open the app, sign in, get the sneakers, and checkout. Assuming they can pull this off with minimal or no testing, how are they creating multiple accounts? Each account requires a Google Play account AND a Nike account. Nike requires a unique phone number for each account. Do you know how many accounts they will need to buy out 35,000 pairs?

So either there are many, many hacker nerds out there, or you can just accept the fact that hundreds of thousands (maybe millions?) of people were trying to buy a few thousand pairs of sneakers and the vast majority of people didnít get one.

You're underestimating the outfits running bots, first of all. Second, there are many individuals who use bots for the one pair. They buy sneakers for resale all the time, and the bot more than pays for itself. The number of individuals with bots is not insignificant. A bunch of the neighborhood kids have them.
Title: Re: Air Jordan Investment?
Post by: nsastamps on October 31, 2020, 10:20:13 PM
People seem to get consolation by believing that bots bought all the sneakers.

Here is the problem: you can only get one pair per account. Letís assume that our hypothetical nerds are using Android on a VM, they still need the bot to open the app, sign in, get the sneakers, and checkout. Assuming they can pull this off with minimal or no testing, how are they creating multiple accounts? Each account requires a Google Play account AND a Nike account. Nike requires a unique phone number for each account. Do you know how many accounts they will need to buy out 35,000 pairs?

So either there are many, many hacker nerds out there, or you can just accept the fact that hundreds of thousands (maybe millions?) of people were trying to buy a few thousand pairs of sneakers and the vast majority of people didnít get one.
Lol! Youíre a bit naive. Computers with hacker grade programmer nerds in front of them are capable of a lot. Thereís a reason why thereís talk of making it illegal like ticket bots.
Title: Re: Air Jordan Investment?
Post by: sddd on October 31, 2020, 10:25:49 PM
People seem to get consolation by believing that bots bought all the sneakers.

Here is the problem: you can only get one pair per account. Letís assume that our hypothetical nerds are using Android on a VM, they still need the bot to open the app, sign in, get the sneakers, and checkout. Assuming they can pull this off with minimal or no testing, how are they creating multiple accounts? Each account requires a Google Play account AND a Nike account. Nike requires a unique phone number for each account. Do you know how many accounts they will need to buy out 35,000 pairs?

So either there are many, many hacker nerds out there, or you can just accept the fact that hundreds of thousands (maybe millions?) of people were trying to buy a few thousand pairs of sneakers and the vast majority of people didnít get one.

Don't think you're familiar with the subject matter. Bots are very sophisticated.
Title: Re: Air Jordan Investment?
Post by: Fish Tank on October 31, 2020, 10:34:36 PM
Many are not aware of the sneaker market. These BG's are taking advantage of everyone.
Actually the BG's are giving us a quick money making opportunity.

It's like the coins, ipads, etc.

Most people aren't familiar with the ins and outs of the resale market, and they'd much rather get their few bucks (with very little to no risk) and be done with it.
Title: Re: Air Jordan Investment?
Post by: Lurker on October 31, 2020, 10:45:20 PM
Many are not aware of the sneaker market. These BG's are taking advantage of everyone.
Actually the BG's are giving us a quick money making opportunity.

It's like the coins, ipads, etc.

Most people aren't familiar with the ins and outs of the resale market, and they'd much rather get their few bucks (with very little to no risk) and be done with it.

There's truth in both of these statements, and they aren't contradictory.

If you'd like to know why the BGs want this product, educate yourself. If you want to play the game and assume the risks, go for it. If you don't care to know the whole story or to assume all the risk, stick with the BGs. Just know that playing with BGs isn't without its own risks.
Title: Re: Air Jordan Investment?
Post by: Fish Tank on October 31, 2020, 10:47:48 PM
There's truth in both of these statements, and they aren't contradictory.

If you'd like to know why the BGs want this product, educate yourself. If you want to play the game and assume the risks, go for it. If you don't care to know the whole story or to assume all the risk, stick with the BGs. Just know that playing with BGs isn't without its own risks.
I agree. So how is his statements not incorrect? He said BG's are taking advantage of the buyers.
Title: Re: Air Jordan Investment?
Post by: Lurker on October 31, 2020, 10:59:51 PM
I agree. So how is his statements not incorrect? He said BG's are taking advantage of the buyers.

1: Many are uneducated and may want to take the risks themselves if they knew what was going on. Preying on their lack of education is taking advantage of them.
2: Many are willing to be taken advantage of. Give me my points and maybe a commission, and take advantage of me all you want. Doesn't make it wrong, but it doesn't mean they aren't taking advantage.
Title: Re: Air Jordan Investment?
Post by: Fish Tank on November 01, 2020, 01:12:59 AM
1: Many are uneducated and may want to take the risks themselves if they knew what was going on. Preying on their lack of education is taking advantage of them.
2: Many are willing to be taken advantage of. Give me my points and maybe a commission, and take advantage of me all you want. Doesn't make it wrong, but it doesn't mean they aren't taking advantage.
1) If you go to your local plumbing supply store and buy part for your toilet for $30, when at the same time its sold on amazon for $10 - is the store owner praying on your lack of education? What if it's $20 at the supply store down the block and you don't know that - Is that considered preying on your lack of education?

2) That's not called being taken advantage of. That's called taking a pay cut for selfish convenience purposes. 95% Less risk. No hassle to find a buyer. No risk of customer returns. No risk of fraudulent payment. Etc etc
#Business101
Title: Re: Air Jordan Investment?
Post by: Lurker on November 01, 2020, 01:23:22 AM
1) If you go to your local plumbing supply store and buy part for your toilet for $30, when at the same time its sold on amazon for $10 - is the store owner praying on your lack of education? What if it's $20 at the supply store down the block and you don't know that - Is that considered preying on your lack of education?

2) That's not called being taken advantage of. That's called taking a pay cut for selfish convenience purposes. 95% Less risk. No hassle to find a buyer. No risk of customer returns. No risk of fraudulent payment. Etc etc
#Business101

1: If you're charging someone $30 for a part that should cost $10, yes, you're taking advantage.

2: It's business, it's mutual, there's nothing wrong with it. Doesn't mean the BGs aren't taking advantage of other people's aversion to risk or hard work. It's opportunism. G-d bless them.
Title: Re: Air Jordan Investment?
Post by: CountValentine on November 01, 2020, 01:37:03 AM
I agree. So how is his statements not incorrect? He said BG's are taking advantage of the buyers.
Look at it this way. I factor in all risks and feel a nice profit for me would be to offer 200 over. I know most are clueless what these go for and they will jump at 50. Am I taking advantage of the person?
Title: Re: Air Jordan Investment?
Post by: Fish Tank on November 01, 2020, 01:42:42 AM
1: If you're charging someone $30 for a part that should cost $10, yes, you're taking advantage.

2: It's business, it's mutual, there's nothing wrong with it. Doesn't mean the BGs aren't taking advantage of other people's aversion to risk or hard work. It's opportunism. G-d bless them.
1) We're getting there. So who decides what something should cost? There's ranges for everything, and depending on the service that comes along with it, the price can fluctuate. People pay double for a product in order to get it conveniently. This can be applied to any product/service. Custom service costs money. Convenience costs money. Costco is cheaper than shoprite because there's much less workers in the store, and they don't pay people to stock the shelves. They save money, and you need to do more work. You need to "help yourself". That doesn't mean that shoprite is taking advantage of you. It means they charge less since they offer less service.

2) The definition of "Mutual" is the opposite of "taking advantage". Look it up.
Title: Re: Air Jordan Investment?
Post by: Lurker on November 01, 2020, 01:46:21 AM
1) We're getting there. So who decides what something should cost? There's ranges for everything, and depending on the service that comes along with it, the price can fluctuate. People pay double for a product in order to get it conveniently. This can be applied to any product/service. Custom service costs money. Convenience costs money. Costco is cheaper than shoprite because there's much less workers in the store, and they don't pay people to stock the shelves. They save money, and you need to do more work. You need to "help yourself". That doesn't mean that shoprite is taking advantage of you. It means they charge less since they offer less service.

2) The definition of "Mutual" is the opposite of "taking advantage". Look it up.

https://www.thefreedictionary.com/taking+advantage
Title: Re: Air Jordan Investment?
Post by: Fish Tank on November 01, 2020, 01:52:21 AM
Look at it this way. I factor in all risks and feel a nice profit for me would be to offer 200 over. I know most are clueless what these go for and they will jump at 50. Am I taking advantage of the person?
The market dictates the price. If a BG would be able to pay $200, they would. It would get everyone to sell to them over the other BG's.
Title: Re: Air Jordan Investment?
Post by: Fish Tank on November 01, 2020, 01:52:37 AM
https://www.thefreedictionary.com/taking+advantage
???

You didn't look up mutual.
Title: Re: Air Jordan Investment?
Post by: Lurker on November 01, 2020, 01:56:08 AM
???

You didn't look up mutual.

You're arguing semantics, and you happen to be wrong. Just because I'm okay with someone taking advantage of my good nature, doesn't mean they aren't taking advantage. You can take advantage of a good deal, and that doesn't mean your getting one over on the store. It's mutually agreed to.
Title: Re: Air Jordan Investment?
Post by: Fish Tank on November 01, 2020, 01:08:23 AM
You're arguing semantics, and you happen to be wrong. Just because I'm okay with someone taking advantage of my good nature, doesn't mean they aren't taking advantage. You can take advantage of a good deal, and that doesn't mean your getting one over on the store. It's mutually agreed to.
You're missing the point. Here's one more example. You want to sue someone in small claims court. You can do it all by yourself. But many people hire a lawyer because they lack the knowledge.

Is the lawyer taking advantage of an uneducated consumer? Same with accountants. Same with credit repair.

You can do all these things yourself. But since you're uneducated, you hire someone.

Are they taking advantage of your lack of education?
Title: Re: Air Jordan Investment?
Post by: Fish Tank on November 01, 2020, 01:12:20 AM
In the service business, in many cases you're paying for someones knowledge/education.

As the saying goes "a lawyer doesn't charge $1000/hour to sign your docs, he charges for the years of schooling and continued education"

Title: Re: Air Jordan Investment?
Post by: Lurker on November 01, 2020, 01:14:48 AM
You're missing the point. Here's one more example. You want to sue someone in small claims court. You can do it all by yourself. But many people hire a lawyer because they lack the knowledge.

Is the lawyer taking advantage of an uneducated consumer? Same with accountants. Same with credit repair.

You can do all these things yourself. But since you're uneducated, you hire someone.

Are they taking advantage of your lack of education?

If a lawyer charges you $70 to file something that anyone could do online for free, he's taking advantage of you not knowing you could do it for free.

The purpose of a BG is not to provide you with any service. They are using you. You can be ok with that or not.  But if you are trying to spin BGs as a service to people who cannot sell things for themselves... that's just dishonest.
Title: Re: Air Jordan Investment?
Post by: Lurker on November 01, 2020, 01:16:07 AM
In the service business, in many cases you're paying for someones knowledge/education.

As the saying goes "a lawyer doesn't charge $1000/hour to sign your docs, he charges for the years of schooling and continued education"

Jeez. I would have thought this would be clear to DDFers by now. BUYING GROUPS DO NOT EXIST TO PROVIDE YOU SERVICE.
Title: Re: Air Jordan Investment?
Post by: drosenberg88429 on November 01, 2020, 04:07:42 AM
Buying groups, like fish stores and tax prep places and deals blogs and landscaping services, are businesses. Businesses exist to make $$$. Said profit is generated when the proceeds from customers exceeds cost of goods, labor, and overhead. The lower they buy and the higher they sell, the more profit is made and the better a business it is. We've all seen the results of bad businesses that defaulted on tens of millions of dollars on people's cards. It's obviously in every buyer's best interest that the buying groups be managed by a competent business person who understands market dynamics, supply and demand, and cash flow. If the competition's commission would be higher and the buying group would have their supply source threatened to a degree that the net impact to the bottom line would be negative, they would probably give higher commissions, given that we are operating under the supposition that they are run by competent management. Being as the commission is what it is, presumably this is what market conditions dictated prudent for them. C'est la vie.
Title: Re: Air Jordan Investment?
Post by: Fish Tank on November 01, 2020, 05:56:05 AM
Buying groups, like fish stores and tax prep places and deals blogs and landscaping services, are businesses. Businesses exist to make $$$. Said profit is generated when the proceeds from customers exceeds cost of goods, labor, and overhead. The lower they buy and the higher they sell, the more profit is made and the better a business it is. We've all seen the results of bad businesses that defaulted on tens of millions of dollars on people's cards. It's obviously in every buyer's best interest that the buying groups be managed by a competent business person who understands market dynamics, supply and demand, and cash flow. If the competition's commission would be higher and the buying group would have their supply source threatened to a degree that the net impact to the bottom line would be negative, they would probably give higher commissions, given that we are operating under the supposition that they are run by competent management. Being as the commission is what it is, presumably this is what market conditions dictated prudent for them. C'est la vie.
Boom.
Title: Re: Air Jordan Investment?
Post by: Fish Tank on November 01, 2020, 05:58:32 AM
If a lawyer charges you $70 to file something that anyone could do online for free, he's taking advantage of you not knowing you could do it for free.
LOL.

I now understand you're perspective. Maybe one day you'll own a business and revisit this thread.
Title: Re: Air Jordan Investment?
Post by: Lurker on November 01, 2020, 06:33:00 AM
Boom.

That looks like an answer to CV wanting an extra $200. No boom; he knew all of that already. He's been in this game longer than 99% of DDFers.

LOL.

I now understand you're perspective. Maybe one day you'll own a business and revisit this thread.

Owned a business. It operated on the basis of taking advantage of knowledge I had that the average person didn't. Before that, I made literally millions for other people using that knowledge. There's nothing wrong with that. It's capitalism.

You don't seem to get that I'm not cr@pping on BGs. I'm just saying they aren't here to do you favors. They operate by taking advantage of people, whether those people know it or not. That doesn't make them evil. It's a business. Ask Shloimy Greenwald, and he'll tell you the same thing.
Title: Re: Air Jordan Investment?
Post by: Fish Tank on November 01, 2020, 06:51:57 AM
That looks like an answer to CV wanting an extra $200. No boom; he knew all of that already. He's been in this game longer than 99% of DDFers.

Owned a business. It operated on the basis of taking advantage of knowledge I had that the average person didn't. Before that, I made literally millions for other people using that knowledge. There's nothing wrong with that. It's capitalism.

You don't seem to get that I'm not cr@pping on BGs. I'm just saying they aren't here to do you favors. They operate by taking advantage of people, whether those people know it or not. That doesn't make them evil. It's a business. Ask Shloimy Greenwald, and he'll tell you the same thing.
Were not back to BG's yet.

Just to clarify, every attorney and accountant is "taking advantage" of thier clients, since most of what they do can be done by the client. Therefore they are just taking advantage of their uneducated consumer by "preying on their lack of knowledge" who is now getting ripped off. Correct?

Title: Re: Air Jordan Investment?
Post by: Lurker on November 01, 2020, 06:56:23 AM
Were not back to BG's yet.

Just to clarify, every attorney and accountant is "taking advantage" of thier clients, since most of what they do can be done by the client. Therefore they are just taking advantage of their uneducated consumer by "preying on their lack of knowledge" who is now getting ripped off. Correct?

1: Taking advantage does not mean ripping someone off.
2: Most things lawyers do, the average person cannot do, at least not properly. When a ticket lawyer signs you up for DD classes and says he worked a deal where you get no points, he's taking advantage of you.
3: BGs do many things average people cannot do. Reselling sneakers isn't one of them.
Title: Re: Air Jordan Investment?
Post by: Fish Tank on November 01, 2020, 07:04:14 AM
1: Taking advantage does not mean ripping someone off.
2: Most things lawyers do, the average person cannot do, at least not properly. When a ticket lawyer signs you up for DD classes and says he worked a deal where you get no points, he's taking advantage of you.
3: BGs do many things average people cannot do. Reselling sneakers isn't one of them.
1) okay. So accountants aren't ripping off their clients, they are just "preying on the uneducated" in order to operate their business and pickup clients.

2) let's talk about accountants. What can't be done by the consumer? (talking consumers. Not business)

3) for example? People use them to make money with very little risk. Anyone can sell iPads on amazon and sneakers on sneakerx.
Title: Re: Air Jordan Investment?
Post by: Lurker on November 01, 2020, 07:14:16 AM
1) okay. So accountants aren't ripping off their clients, they are just "preying on the uneducated" in order to operate their business and pickup clients.

2) let's talk about accountants. What can't be done by the consumer? (talking consumers. Not business)

3) for example? People use them to make money with very little risk. Anyone can sell iPads on amazon and sneakers on sneakerx.

The average person cannot file their own taxes correctly. They lack the knowledge (and for many, the ability to acquire the knowledge) to maximize their tax savings. And even if people did have the knowledge, they provide a service. BGs are not a service.

Your opinion is that there is very little risk in participating in BGs. the fact of the matter is, there are many BGs asking people to buy a variety of different things. What you buy, where you buy from, and who you buy for all carry varying degrees of risk. Ultimately, it's your money, your credit, and your relationship with the place of purchase that you are putting on the line.
Title: Re: Air Jordan Investment?
Post by: Fish Tank on November 01, 2020, 07:18:56 AM
The average person cannot file their own taxes correctly. They lack the knowledge (and for many, the ability to acquire the knowledge) to maximize their tax savings.
With that being said, is the accountant taking advantage of his clients?
Title: Re: Air Jordan Investment?
Post by: Fish Tank on November 01, 2020, 07:24:12 AM
Your opinion is that there is very little risk in participating in BGs.
I said much less risk than doing it yourself. You don't need to find a buyer, collect payment, ship the item, deal with customer complaints, put up with returns, etc.
Title: Re: Air Jordan Investment?
Post by: Lurker on November 01, 2020, 07:26:15 AM
With that being said, is the accountant taking advantage of his clients?

No. He. Provides. A. Service.
Title: Re: Air Jordan Investment?
Post by: Fish Tank on November 01, 2020, 07:27:13 AM
The average person cannot file their own taxes correctly. They lack the knowledge (and for many, the ability to acquire the knowledge) to maximize their tax savings.
The average person cannot operate their own BG. They lack the knowledge (and for many, the ability to acquire the knowledge). They don't know how to sell/where to sell. They don't want to deal with returns, possible fraudulent transactions, etc etc .
(If they did, they presumably would)
Title: Re: Air Jordan Investment?
Post by: Lurker on November 01, 2020, 07:28:26 AM
I said much less risk than doing it yourself. You don't need to find a buyer, collect payment, ship the item, deal with customer complaints, put up with returns, etc.

That's debatable, and depends on what you're buying for who and from where. People who don't get their things scanned in would argue this point. People who dealt with a BG going under before getting paid out would also disagree.
Title: Re: Air Jordan Investment?
Post by: Fish Tank on November 01, 2020, 07:28:30 AM
[/i] BGs are not a service.
Yes they are. They are a service that gives the average joe (uneducated consumer) an opportunity to make money.
Title: Re: Air Jordan Investment?
Post by: Fish Tank on November 01, 2020, 07:29:39 AM
That's debatable, and depends on what you're buying for who and from where. People who don't get their things scanned in would argue this point. People who dealt with a BG going under before getting paid out would also disagree.
Obviously I'm talking about a reliable BG. Some have a horrible reputation, while others have a spectacular reputation.
Title: Re: Air Jordan Investment?
Post by: Lurker on November 01, 2020, 07:30:09 AM
The average person cannot operate their own BG. They lack the knowledge (and for many, the ability to acquire the knowledge). They don't know how to sell/where to sell. They don't want to deal with returns, possible fraudulent transactions, etc etc .
(If they did, they presumably would)

You understand BGs operate because they cannot buy the product themselves? There are restrictions in place that prevent them from doing so. They use you to get around that. Please stop comparing them to doctors or lawyers.

I'm out.
Title: Re: Air Jordan Investment?
Post by: Fish Tank on November 01, 2020, 08:38:15 AM
You understand BGs operate because they cannot buy the product themselves?
That's how all the bitter jealous people look at it. The others look at it as an opportunity.

Heck, there are people who buy for BG's and get paid 3% below cost. And they still buy. It's obviously an opportunity for them (for whatever reason)

Bottom line: Market dictates the rates. Not me and you. Every business/store/service would charge twice the price for their product if they would be able to. But the market doesn't allow for it. No one is in business to do a favor for the consumer. They are in it for their own benefit and they will "take advantage" of you to the max.

Plenty of other industries "take advantage" and no one says boo. For some reason BG's are different.
Just like you can't do your own taxes because you lack the knowledge/value you're time/gain from paying someone to do it for you, so too you can't resell your iPads without the BG.
Title: Re: Air Jordan Investment?
Post by: sddd on November 01, 2020, 11:00:35 AM
There are 2 types of items and related business models BG have with their deals:

95% of the time it's ipads/laptops/kindles etc. These are merchandise that they resell at profit elsewhere but arent really valuable or limited, just that they are available at a sale price and in volume they can be resold with a profit. Most buyers have no interest would ever buy an ipad to resell somewhere for 15% more.

Then there are the collectibles. These can be worth vastly more than the price paid and the commission offered. We all know about the 2019 silver eagle which went from under 100 to 2k. /sneakers/tickets can fall in this category too. In some cases they are worth many multiples at the time of purchase, many times this unbeknownst to the buyer. This is where it can be viewed that the BG are taking advantage of the buyer. True, in a few cases perhaps the buyer has zero interest to resell, but the vast majority would prefer to keep if they knew the real story.

On that note, the gold coin being offered this thursday already has offers out there (please dont PM me for them) of 2k over cost. and that will rise. Some have sold on ebay in excess of 4k over cost already. Please dont commit to any BG for it. They can be sold on ebay or to any reputable dealer.
Title: Re: Air Jordan Investment?
Post by: aygart on November 01, 2020, 11:12:39 AM
There are 2 types of items and related business models BG have with their deals:

95% of the time it's ipads/laptops/kindles etc. These are merchandise that they resell at profit elsewhere but arent really valuable or limited, just that they are available at a sale price and in volume they can be resold with a profit. Most buyers have no interest would ever buy an ipad to resell somewhere for 15% more.

Then there are the collectibles. These can be worth vastly more than the price paid and the commission offered. We all know about the 2019 silver eagle which went from under 100 to 2k. /sneakers/tickets can fall in this category too. In some cases they are worth many multiples at the time of purchase, many times this unbeknownst to the buyer. This is where it can be viewed that the BG are taking advantage of the buyer. True, in a few cases perhaps the buyer has zero interest to resell, but the vast majority would prefer to keep if they knew the real story.

On that note, the gold coin being offered this thursday already has offers out there (please dont PM me for them) of 2k over cost. and that will rise. Some have sold on ebay in excess of 4k over cost already. Please dont commit to any BG for it. They can be sold on ebay or to any reputable dealer.
On the other hand they would never know about it at all l if not for them being told.
Title: Re: Air Jordan Investment?
Post by: sddd on November 01, 2020, 11:23:21 AM
On the other hand they would never know about it at all l if not for them being told.

Not always true. and how much is that worth? 95% of the profits?
Consider: would you ask a good friend to buy a coin for you thats already worth 500 or $1000 more on the open market and give him only 10$ for the effort. Likely you'd feel uncomfortable like you're scamming him/ripping him off. Same principle applies to strangers.
Title: Re: Air Jordan Investment?
Post by: Lurker on November 01, 2020, 11:37:10 AM
There's nothing wrong with taking advantage of knowledge you have that other people don't. Doesn't change the fact that you are taking advantage, or that there is risk in buying for a BG. They aren't doing you any favors.
Title: Re: Air Jordan Investment?
Post by: Euclid on November 01, 2020, 11:46:40 AM
For someone who doesn't have the time/energy/resources to do the necessary research and discovery for one off opportunities (a specific coin; a pair of sneakers), I would have no problem passing it off for minor profit to a BG. It's either that or nothing at all. Like paying for convenience.   
Title: Re: Air Jordan Investment?
Post by: CountValentine on November 01, 2020, 02:14:33 PM
For someone who doesn't have the time/energy/resources to do the necessary research and discovery for one off opportunities (a specific coin; a pair of sneakers), I would have no problem passing it off for minor profit to a BG. It's either that or nothing at all. Like paying for convenience.
Minor profit is fine. That is not what we are talking about with these shoes. These BG's AFAIK just started recently with shoes. They have a lot to learn.
Title: Re: Air Jordan Investment?
Post by: Fish Tank on November 01, 2020, 03:00:29 PM
Minor profit is fine. That is not what we are talking about with these shoes.
He was referring to he himself as buyer getting a minor profit.
Title: Re: Air Jordan Investment?
Post by: Fish Tank on November 01, 2020, 03:00:45 PM
For someone who doesn't have the time/energy/resources to do the necessary research and discovery for one off opportunities (a specific coin; a pair of sneakers), I would have no problem passing it off for minor profit to a BG. It's either that or nothing at all. Like paying for convenience.
+1
Title: Re: Air Jordan Investment?
Post by: Fish Tank on November 01, 2020, 03:03:13 PM
There are 2 types of items and related business models BG have with their deals:

95% of the time it's ipads/laptops/kindles etc. These are merchandise that they resell at profit elsewhere but arent really valuable or limited, just that they are available at a sale price and in volume they can be resold with a profit. Most buyers have no interest would ever buy an ipad to resell somewhere for 15% more.

Then there are the collectibles. These can be worth vastly more than the price paid and the commission offered. We all know about the 2019 silver eagle which went from under 100 to 2k. /sneakers/tickets can fall in this category too. In some cases they are worth many multiples at the time of purchase, many times this unbeknownst to the buyer. This is where it can be viewed that the BG are taking advantage of the buyer. True, in a few cases perhaps the buyer has zero interest to resell, but the vast majority would prefer to keep if they knew the real story.
And both are the same for the buyers. They don't when the ipads are on sale without the BG telling them. They don't have time/knowledge/resources to know if the ipads are profitable. They just know that that there is a guaranteed buyer on their end, and they are happy with that.
Title: Re: Air Jordan Investment?
Post by: Fish Tank on November 01, 2020, 03:05:34 PM
There's nothing wrong with taking advantage of knowledge you have that other people don't. Doesn't change the fact that you are taking advantage, or that there is risk in buying for a BG. They aren't doing you any favors.
You didn't answer my question above.

The average person cannot file their own taxes correctly. They lack the knowledge (and for many, the ability to acquire the knowledge) to maximize their tax savings. And even if people did have the knowledge, they provide a service. BGs are not a service.
With that being said, is the accountant taking advantage of his clients?