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MYS (Mark Mann) -
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USA -
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Directly Deals -
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I hope people realize that any buying group or anyone else that gets merchandise in advance of payment can go south at any time. That's even if you get a check at the time of delivery.
X-posting as I don't want anyone to say that I never put a warning here.


Author Topic: Buying Group Master Thread  (Read 56668 times)

Online myi

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Re: Buying Group Master Thread
« Reply #1665 on: Today at 03:28:57 AM »
You mean they're just holding the merchandise? Ask them if they'll ship it to you (on your dime) and then you can sell it.
Would just return it to amazon or have them do that for me as its the first time i ran into such a mistake , but i had multiple things where they caused me tzoros and had to wiggle my way out as they were not much help.
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Offline grodnoking

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Re: Buying Group Master Thread
« Reply #1666 on: Today at 06:04:59 AM »
Would just return it to amazon or have them do that for me as its the first time i ran into such a mistake , but i had multiple things where they caused me tzoros and had to wiggle my way out as they were not much help.
That's why I prefer to use smaller friendlier groups. Unfortunately they weren't taking iPads.
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Offline churnbabychurn

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Re: Buying Group Master Thread
« Reply #1667 on: Today at 07:02:47 AM »
So MYS did 21 million over BF weekend, thatís a lot of cash to have in hand.
Ok, what's their gross profit margin?
How much is overhead?
What's their cash ratio?

Offline Hellobye

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Re: Buying Group Master Thread
« Reply #1668 on: Today at 11:19:54 AM »
You might even want to add in what their working capital days are like. Even if they recognize profit, it might take them a while for the accounts receivable to convert to cash (and in turn, for them to be able to pay their own suppliers). Anyway, also just wanted to point out that "cash in hand" equating with P&L metrics (especially revenue) is not simple.

Online 12HRS

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Re: Buying Group Master Thread
« Reply #1669 on: Today at 02:55:15 PM »
So MYS did 21 million over BF weekend, thatís a lot of cash to have in hand.

math is underestimating as its only 1 entry per $5k so someone who did 5k - 9k would only get one entry.