Burbank at it again?

[HPC]

Very poor business model. They don't sell a lot of cards and just keep paying ebay for all crap they list. Even if it isn't much, still adds up with all auctions they keep relisitng. If they had any clue on market value they could sell a ton and make some nice bank.

You obviously have no business knowledge based off that post

Poor model? Buying rare cards cheap and forcing collectors to pay their outrageous price knowing that said collector probably wont see that card again....that is possibly the best business model I can think of

Can you imagine how much profit they make off one card? Looking at those prices, im guessing on some of them, 200% profit...probably more on others.

Burbank aint broke, as evidenced by their continually posting new and more cards at newer and more outrageous prices

Sounds to me like youre just jealous along with nosterbor that you cant have the cards you want, because how can anyone say that is a bad business model is beyond me

Horible model. They could sell so much more and make way more. They don't sell many high end cards. In this economy it's terrible business model. Overprice all your cards and get lucky selling a few. I would guess for every one big sale they make, they lose out on 20 sales that would be nice profit if they had them priced right are did regular auctions.

Coulda (if they had lower prices they coulda sold so much more)...woulda (if they woulda lowered their prices I woulda bought more)...shoulda (they shoulda lowered their prices)

They dont just "get lucky selling a few", as you hint...they sell thousands...check their fb amount for proof

Economy or not, it doesnt matter...they were doing it before the economy tanked too

Once again, their model is awesome

Your complaint is that youre upset because you feel they should lower their prices so you can get cards you want

These guys obviously make enough to not have to lower their prices, so deal with it

 

[matchpenalty]

Were happy for ya and your love for Burbank.

 

[HPC]

Were happy for ya and your love for Burbank.

Thanks

We do make a lovely couple

 

[nosterbor]

Very poor business model. They don't sell a lot of cards and just keep paying ebay for all crap they list. Even if it isn't much, still adds up with all auctions they keep relisitng. If they had any clue on market value they could sell a ton and make some nice bank.

You obviously have no business knowledge based off that post

Poor model? Buying rare cards cheap and forcing collectors to pay their outrageous price knowing that said collector probably wont see that card again....that is possibly the best business model I can think of

Can you imagine how much profit they make off one card? Looking at those prices, im guessing on some of them, 200% profit...probably more on others.

Burbank aint broke, as evidenced by their continually posting new and more cards at newer and more outrageous prices

Sounds to me like youre just jealous along with nosterbor that you cant have the cards you want, because how can anyone say that is a bad business model is beyond me

where did i SAY it was a bad business model??? get you facts correct. guess wal mart should follow them and charge 100 bucks for a gallon of milk!!!! guess you would shop there!! NOW I WILL SAY IT. IT IS PISS POOR BUSINESS! it is like Obama Care!

 

[thelesquad]

Very poor business model. They don't sell a lot of cards and just keep paying ebay for all crap they list. Even if it isn't much, still adds up with all auctions they keep relisitng. If they had any clue on market value they could sell a ton and make some nice bank.

You obviously have no business knowledge based off that post

Poor model? Buying rare cards cheap and forcing collectors to pay their outrageous price knowing that said collector probably wont see that card again....that is possibly the best business model I can think of

Can you imagine how much profit they make off one card? Looking at those prices, im guessing on some of them, 200% profit...probably more on others.

Burbank aint broke, as evidenced by their continually posting new and more cards at newer and more outrageous prices

Sounds to me like youre just jealous along with nosterbor that you cant have the cards you want, because how can anyone say that is a bad business model is beyond me

where did i SAY it was a bad business model??? get you facts correct. guess wal mart should follow them and charge 100 bucks for a gallon of milk!!!! guess you would shop there!! NOW I WILL SAY IT. IT IS PISS POOR BUSINESS! it is like Obama Care!

Let me start off by saying that I have yet to buy from Burbank, but I won't say I'll never buy from them. It may get to that point with me.

Now, explain how someone with a poor business model is staying in business. They must be doing something that works for them. Sure they would sell more, but would they sell enough at that lower price to equal what they do now at their higher prices? It's hard to tell.

Do you know what retailers rely on to make profit? Higher margin items. It's nice to mix in lower margin items to lure in the buyer, but without higher margin items, profit would be tough to obtain.

The inventory Burbank has attracts a lot of people, some who will buy and some who will "window shop", but regardless they attract potential customers.

 

[Sportsnutcards]

Can someone explain to me how a seller doing $45,000 in a month on ebay with very good margins has a bad business model?

 

[matchpenalty]

Can someone explain to me how a seller doing $45,000 in a month on ebay with very good margins has a bad business model?

When it could be double or triple that.

 

[Gwynn545]

Can someone explain to me how a seller doing $45,000 in a month on ebay with very good margins has a bad business model?

When it could be double or triple that.

Ha! That's like the old saying,
"When is it bad to be a millionaire?"

Answer: "When you were a Billionaire!"

 

[VizquelCollector.com]

I don't understand how someone's in a position to criticize their business model. They seem to be happy selling a ton of cards. And sure, they likely have prices you wouldn't agree to pay. But isn't that a bit like complaining the high-end dealership is selling a Ferrari at a price you think is unreasonable? They've got a semi-exclusive product that some people are willing to pay. It's not an issue of being fair or not, it's just supply and demand. They're betting that someone's willing to pay a lot for a rare item, and attempting to set the market price. What's there to complain about?

 

[matchpenalty]

Always love Burbank threads. My second favorite topic behind Razor/Leaf threads.

We all know some people love them and this great business model they have.

Some hate them with their overpriced rotting crap cards clogging up peoples searches.

and some people could give two ***** about Burbank and are sick of hearing about them

 

[henderson939]

Very poor business model. They don't sell a lot of cards and just keep paying ebay for all crap they list. Even if it isn't much, still adds up with all auctions they keep relisitng. If they had any clue on market value they could sell a ton and make some nice bank.

You obviously have no business knowledge based off that post

Poor model? Buying rare cards cheap and forcing collectors to pay their outrageous price knowing that said collector probably wont see that card again....that is possibly the best business model I can think of

Can you imagine how much profit they make off one card? Looking at those prices, im guessing on some of them, 200% profit...probably more on others.

Burbank aint broke, as evidenced by their continually posting new and more cards at newer and more outrageous prices

Sounds to me like youre just jealous along with nosterbor that you cant have the cards you want, because how can anyone say that is a bad business model is beyond me

How are they forcing sellers to buy? Have you been forced to buy from them? If so, how does it feel to know you gave your hard earned cash to someone who just ripped you off? Am I jealous? No. I think most player collectors have come to terms with the fact they will never obtain every card of the player they collect. I couldn't even afford them if the prices were realistic, but I know a few guys who could. All I know, is that the high dollar Henderson cards have been sitting in there for years and will continue to sit. I have been collecting Henderson for over 20 years and know guys with some of the largest Henderson collections in the world that wont even touch these cards. As I said before 21 cards for $7500. Sounds like a great buy.

 

[henderson939]

I don't understand how someone's in a position to criticize their business model. They seem to be happy selling a ton of cards. And sure, they likely have prices you wouldn't agree to pay. But isn't that a bit like complaining the high-end dealership is selling a Ferrari at a price you think is unreasonable? They've got a semi-exclusive product that some people are willing to pay. It's not an issue of being fair or not, it's just supply and demand. They're betting that someone's willing to pay a lot for a rare item, and attempting to set the market price. What's there to complain about?

No its not. If you are looking for a Ferrari, then you can afford a Ferrari. If you were looking at buying a Ferrari at Joe's for $250,000, but went to Burbanks Ferrari where they were $850,000 for the same model Joe's place had, then yes you would think it is unreasonable. Except for a few of Burbanks Loyal Customers. They would have no problem handing over the extra 600G.

 

[UpTheAlley]

Free Enterprise, gotta love it! Lets take a look.

Total Listings: 237635
Successful Listings: 5901
Success Rate: 2.48%
Total Sales: $83,362.2

and that is IN THIS IMMEDIATE ECONOMY, very interesting dynamic.

is there anyone on this board, if the roles were reversed and you were driving the Burbank Business model, would say to themselves, we gotta do...................................................................................anything?

.......get the bankroll, source the goods and give em a run for the money.........

just my $0.000000000001 cents.

 

[henderson939]

Free Enterprise, gotta love it! Lets take a look.

Total Listings: 237635
Successful Listings: 5901
Success Rate: 2.48%
Total Sales: $83,362.2

is there anyone on this board, if the roles were reversed and you were driving the Burbank Business model, would say to themselves, we gotta do...................................................................................anything?

.......get the bankroll, source the goods and give em a run for the money.........

just my $0.000000000001 cents.

I am not saying that they dont make money, but they could make a lot more money if they became a little realistic on their higher end stuff. That success rate could be 50% or more. The figures you gave average out to $14 per card. I am sure people are buying their lower end stuff, because its much easier to pay $10-$20 more for a card you need than $200-$300.

 

[matchpenalty]

Free Enterprise, gotta love it! Lets take a look.

Total Listings: 237635
Successful Listings: 5901
Success Rate: 2.48%
Total Sales: $83,362.2

and that is IN THIS IMMEDIATE ECONOMY, very interesting dynamic.

is there anyone on this board, if the roles were reversed and you were driving the Burbank Business model, would say to themselves, we gotta do...................................................................................anything?

.......get the bankroll, source the goods and give em a run for the money.........



just my $0.000000000001 cents.

brutal, so for every 100 auctions they run 2.48 sell, figure in non payers closer 2 out 100 auctions move. Figure in overhead, employees. All time spent listing sorting ect. Paypal fees, packing costs.... I wonder what cost is listing 240,000 items going on ebay. Even is it's only a few cents each. Plus factor in fees built up into each item that has been sitting forever.
Just a genius business model, sign me up where 98% of my inventory never sells. So what, average sale is still less than $15 on a card. Doesn't look like anyone is breaking down door buying high dollar stuff either.

 

[f2tornado]

brutal, so for every 100 auctions they run 2.48 sell, figure in non payers closer 2 out 100 auctions move. Figure in overhead, employees. All time spent listing sorting ect. Paypal fees, packing costs.... I wonder what cost is listing 240,000 items going on ebay. Even is it's only a few cents each. Plus factor in fees built up into each item that has been sitting forever.
Just a genius business model, sign me up where 98% of my inventory never sells. So what, average sale is still less than $15 on a card. Doesn't look like anyone is breaking down door buying high dollar stuff either.

This pretty much sums up my thoughts. I rarely buy anything from Burbank and do not care what the business model is. I guess if I was the captain of their ship I'd put the squeeze on too but after a while I'd want to move out all the stuff that has been collecting dust for a couple years. There is a reason Kohl's and JCPenny blow out leftover apparel for 80% off. There were no takers at 30, 50, or 70% off. Holding is dead money. Better to get something out of the product before styles change. Burbank runs the risk of player collecting becoming less popular with time. Existing collectors may get board or broke and sell out. New collectors are probably less likely to latch onto heroes of the 80's and 80's. Another significant risk is one should expect more 90's inserts to gradually work their way out of 50 cents boxes at local card shops and shows. A small increase of supply could very well crush the price on some cards.

 

[nosterbor]

Free Enterprise, gotta love it! Lets take a look.

Total Listings: 237635
Successful Listings: 5901
Success Rate: 2.48%
Total Sales: $83,362.2

and that is IN THIS IMMEDIATE ECONOMY, very interesting dynamic.

is there anyone on this board, if the roles were reversed and you were driving the Burbank Business model, would say to themselves, we gotta do...................................................................................anything?

.......get the bankroll, source the goods and give em a run for the money.........

just my $0.000000000001 cents.

glad you showed the success rate. it really shows how piss poor that business is.you might want to factor in how much tax they have to pay on that inventory. we are doing inventory next week.why? to reduce, sooooo less tax!

 

[HPC]

Free Enterprise, gotta love it! Lets take a look.

Total Listings: 237635
Successful Listings: 5901
Success Rate: 2.48%
Total Sales: $83,362.2

and that is IN THIS IMMEDIATE ECONOMY, very interesting dynamic.

is there anyone on this board, if the roles were reversed and you were driving the Burbank Business model, would say to themselves, we gotta do...................................................................................anything?

.......get the bankroll, source the goods and give em a run for the money.........

just my $0.000000000001 cents.

glad you showed the success rate. it really shows how piss poor that business is.you might want to factor in how much tax they have to pay on that inventory. we are doing inventory next week.why? to reduce, sooooo less tax!

Apparently over $83,000 a month isnt a success

::facepalm::

brutal, so for every 100 auctions they run 2.48 sell, figure in non payers closer 2 out 100 auctions move. Figure in overhead, employees. All time spent listing sorting ect. Paypal fees, packing costs.... I wonder what cost is listing 240,000 items going on ebay. Even is it's only a few cents each. Plus factor in fees built up into each item that has been sitting forever.
Just a genius business model, sign me up where 98% of my inventory never sells. So what, average sale is still less than $15 on a card. Doesn't look like anyone is breaking down door buying high dollar stuff either.

There is a reason Kohl's and JCPenny blow out leftover apparel for 80% off. There were no takers at 30, 50, or 70% off. Holding is dead money. Better to get something out of the product before styles change. Burbank runs the risk of player collecting becoming less popular with time. Existing collectors may get board or broke and sell out. New collectors are probably less likely to latch onto heroes of the 80's and 80's. Another significant risk is one should expect more 90's inserts to gradually work their way out of 50 cents boxes at local card shops and shows. A small increase of supply could very well crush the price on some cards.

JC Penny or Kohls does not sell rarities...they sell every day clothes. 2 very different markets

Also, there will always be the player collectors of the 80's and 90's who want these cards...places like this board and others tell us that.

I have no interest in Burbank and dont believe ive ever purchased from them, but its funny to me how people say it's a "piss poor model"

Its not a "piss poor model", more like "pissed off people" who cant have the cards they do.

When was the last time you made $83,000 in a month by selling an average of 2.43 cards of every 100?

...exactly

 

[George_Calfas]

 

[nosterbor]