Now THAT is a loaded question!
The answer should be simple, right?
Well, how much does it cost to BUILD a box spring (aka foundation) at the factory?
(The answer is about fifty bucks: $50.)
We just pass through that same price of $50. No markup. No margin. No profit. We absorb the cost to pickup & store the foundations.
Why? Well, because the rest of the industry seems determined to double the cost of everything. They multiply cost by 2-point-something. That is their magic formula. COST times 2.4x or 2.6x seems to be the acceptable market margin. On a box spring!
People can sense when they are being gouged. They know it.
Here is what JUST a box spring sells for locally:
Menards: Serta® Queen Size Commercial Box Spring
Everyday Low Price: $129
Model Number: 692499_550 | Menards® SKU: 4821961
Variation: Queen Size - Cream color
Serta StabL-Base Foundation Universal Box Spring (Club Pickup)
Item #: 511976 | Model #: 500107899-550
Costco: Blackstone BiFold 7.5" Foundation - Queen
Your Price: $139.99
Community Furnishings: $50
Fifty. Cost-pass-through. We buy at $50 from the factory and sell at $50 to the public.
Why give it away?
Because then people relax and listen better to what our mattresses cost. They know we are not out to make a buck from every angle. All proceeds go to effective world evangelism anyway.
Some might be thinking: "But won't people just take advantage of you? I mean buy the mattress elsewhere and come get a factory-cost foundation / box from you guys?"
Well, that would be fine actually. We are confident our mattress quality and price point is worthy of comparing.
We LOVE questions!!!
Imagine you’re trying to sell some furniture ... maybe for a friend.
How do you arrive at a good price point? Here are seven helpful considerations:
1. EXPOSURE. Calculate your realistic exposure.
How many people will see your items? The more people who see it increases your chances of finding an interested buyer, right? How much foot traffic will come to a yard sale, realistically? Give it a good, ballpark guess. 15? 50? 100? That number is probably the main factor in whether your item will sell. How many responses do you conservatively estimate you will get online? Exposure is key.
2. TIME. Consider your time frame.
Do you have time and space to store this stuff for another 2 weeks or a month? What is your deadline to make it disappear? The longer you can hold onto it, the better chance a motivated buyer finds you. But time is valuable. If you are moving or need your space back, then your price should reflect that reality.
3. WORK. Think about labor.
How much energy is invested into moving the stuff? What about cleanup time? Delivery cost (fuel / truck / time / manpower)? Americans love convenience. If it’s easy, we do it. When you try liquidating several bulky furniture pieces, labor becomes a factor. Plus the energy that goes into responding to potential buyers, gauging risk, scheduling appointments, and dealing with no-shows.
4. SENTIMENT. Consider your emotional ties.
Emotions may not determine the final outcome. But emotions can not be totally avoided. People develop a history of interaction with their home decor pieces & furniture. That’s just human nature. Sometimes a piece represents a memorable relationship. It is hard to emotionally release some items.
5. DEMAND. What is the demand?
In your best estimation, does the general public have a strong desire to own this item? Single chairs do not have the demand that a set of 6 matching chairs carry. Are people buying retro-fabric sleeper sofas nowadays? Maybe college students will want it :-) How about those old entertainment centers where the doors close over the 30” tv? Nope! Why not? Huge screens are all the rave. When the demand is low … the price must be low also.
6. FLUFF. Asking above what you’d accept.
The top reason a house does not sell is the price is over-inflated / fluffed up. Finding that sweet spot of a realistic price up front is vital to selling success. In retail world, fluffing is adding “frosting” to the base price. Asking too much can backfire. There are two ways to deal with the natural instinct all buyers have to want confirmation that they got the best deal possible. First, the seller can clearly indicate the price is solid. “It is what it is.” Secondly, some sellers prefer to encourage haggling by asking for 20% to 50% more than what they’d be willing to accept as a final offer. It’s fine either way. Just clarify if the price is a ballpark / starting point or if the price is your realistic ending point. Some people like fluffing. Others like being solid. Everyone likes clarity. Don’t be afraid of the common shopper question, “Is this your best price?”
7. PLAN B. What about when it doesn’t sell?
Sometimes you run out of time to sell your furniture, or you need your space back. That’s where we come in. We buy acceptable furniture at wholesale. You get convenient removal service, the confidence of knowing it when to help a good cause, and some money in your pocket! We’d love to be your Plan B.
Simply snap shots of the stuff and text it to (219) 308-0905, along with your zip code. We'll get right back to you with a quote and a convenient pickup time!
Any additions or corrections?
(Thanks for reading. Know someone else who might enjoy this article? Please pass it on!)
"Your personal comfort is worth the investment." ~ Said Someone Smart, ... once
"Super-cheap stuff usually doesn't last long."
The wallet says,
"It's just a bed. Just get what you need; nothing more."
Right there in the middle is the safest place. Not too cheap and not overpriced.
What is cheap?
What is overpriced?
- Perception. Big name. Buying the brand. Luxury. Any mattress over $1,000.
What is good?
(Well, when it comes to mattresses…)
Good becomes great when it's the same quality as that other place but for a couple hundred dollars less.
Stay safe in the center.
Come experience a good comfort fit.
And your wallet will feel good too!
We are blessed to average 40 to 50 fresh furniture pieces arriving daily. There is no shortage of inventory ... fresh furniture is flowing inbound!
One easy way to see what just arrived is following our OfferUp channel.
WHAT IS IT?
OfferUp is a free smart phone app to sell & shop for local stuff. (Less creepy than Craigslist, with built-in anonymous messaging!)
HOW DOES IT WORK?
- Download OfferUp for free to your phone through the App Store or Google Play.
- SEARCH "Community Furnishings" in the OfferUp search engine.
- Tap one of our product images with the turquoise wall background.
- Tap our ORANGE ICON / LOGO shown here, then tap FOLLOW.
WHY SHOULD I?
Some excellent items fly through here so fast! The average stay for a sectional is <3 days. In and gone. Be nice to yourself and don't miss what comes in.
If you consider that 40 items multiplied by 6 days a week = 240 furniture items coming through the doors each week, there is a high likelihood that the item you are hunting for will show up soon enough.
HOW DO I START?
Check it out: https://offerupnow.com/p/8862975/