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Thread: Another shop gone...................

  1. #1
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    Default Another shop gone...................

    I hear that Fins and Feathers in Lydenburg is closing done.Its never good news to hear thias sort of thing.It did get me wondering however.
    Like the Pro shops,are there shops that would TRADE IN your old stuff if you purchased new goods.I for one would spend a bit more on new stuff if i could get something for the old.It could be beneficial for retailers to think of doing this as one does not always have the money for new stuff either.I remember many moons ago when I worked for Cash Crusaders how the bait anglers would sell their goods in order to buy other stuff on my floor.That was until the economy boomed and most started buying new goods.Now that people are in the squeeze I think it is a good time for retailers to be a bit more (inovative).My2c.

  2. #2
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    I like this idea - great for everyone

  3. #3
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    I really think it could work.The retailers must just set reasonable prices for purchases and resale of second hand stock.If a new item is selling at R1000 and the guy brings an item that would resell for say R400 we would usually offer around R250 for his item which we gave as discount for the new item and make our "discount" back on the resale of the second hand.It also leaves some gap for discount on the second hand whch is always good.

  4. #4
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    Certain online fly fihsing retailers have an upgrade system, whereby you trade in your old goods, but alas, this is only in the States.
    Rudolph
    No matter how busy you may think you are, you must find time for reading, or surrender yourself to self-chosen ignorance.
    Confucius

  5. #5
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    As I said,Golf Pro shops do this very succesfully,so can our industry.

  6. #6
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    What do you think a fair trade-in value would be for second-hand tackle, as a percentage of the original purchase price? For example, would the "Cash Crusaders Formula" of "Sell for half, buy for a quarter" be acceptable? I guess another thing one should consider are rod warranties. Most warranties are for the original owner only, which detracts a lot from the second-hand value of a fly rod. All the same, I think this is a suggestion worth looking into.

  7. #7
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    Sure guarantees might fall away with trade in,but whether you sell privately or to a retailer this will be the case.All i am trying to say is that the industry should have the option for someone who doesnt like waiting for a private buyer etc before he can purchase a new item.many people buy impulsively and this is where this works well.The customers walk into the shop to browse and see something slightly out of his price range.The retailer can now ask if he perhaps has an old set he would sell for a good discount on the new.This can only offer the retailer more benefits for his business.
    It would be great to hear what the guys in the industry think or maybe if they have tried it what the results were.Anyway its probably because I used to be in the buy/sell trade and know how good it worked in the tough times that I thought of this.

  8. #8
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    Apparently Fins and Feathers are selling everything less 40%.My friend bought a guide series 9wt for R800.Bargain

  9. #9
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    Sorry, but I don't think this will work. If you have a price sensitive buyer, he will merely buy a cheaper brand. second hand kit sells within the circle of aquaintances. and very little sells through retailers.I know a fly tackle shop that tried this, and ended up giving the stuff away almost, as it detracted from his brand image. In other words, the moment a fly shop begins to deal in second user kit in a big way, the serious money customers get driven away.
    Brands have a following, and most dealers deal in brands. They generate the knowledge and experience in these brands, so whats the point of now trying to sell everyman's cast off second hand junk.
    By the way, i'm not surprised the Lydenburg shop closed down. I was there with the guys from the Cape for the nationals, and we popped in, well, the guy behind the counter was a walking corpse, with no personality, and try as he might to stop us from buying stuff, we still did buy a bit. Our comments afterwards were.."won't go back there in a hurry"

  10. #10
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    Thanks for the feedback Andre.Makes sense I suppose.

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