Plastic Cell Phone Accessories Price Increases Create Drastic Profits
For a brief period of my youth I worked temporarily for an importer of cheap Chinese products. In fact, I was completely amazed at the marking on some of the plastic stuff we imported, so cheap, in fact, I used to take it apart just to see what was inside, after all, I could buy some of these items for around a dollar. . I remember taking apart a small cigarette adapter for a cell phone. I was surprised at how cheap it was made, but how nice it looked on the outside. It worked, it worked fine, but there was none of that.
Buy 1,000 at a time and it was $0.89 and if you buy 100 it’s still only $1.19 and yet they retailed for around $15.99 as an impulse item – talk about a margin profit, wow. Okay, so let’s talk, okay?
While I was in the car wash business, we used to have those items in the car wash lobby for business people who needed them. At that time cell phones were new and minutes were expensive, not like today, then only businessmen really had them, since they could justify the cost, and yet they still made their phone calls as short as possible, and some had cell phones . phone bills of more than $800 per month.
Today the quality of these little accessories hasn’t gone up much, although I’m sure they are a little better due to the rules and regulations and UL listings. The price is also not much more than they were back then. The margins are still incredible, so there is a lot of money available on that deal. In fact, if we offered a small business owner who was selling a cell phone accessory device just $5, his markup would still be 100%, and that’s paying one-third the full price. So even with all the inflation over the years and the dollar losing value, the people who sell plastic cell phone accessories still have incredible margins that really make intense profits.
It’s amazing how valuable information is today: those who know where to get boxes of these kinds of items can make a killing, and all those little cell phone shops that can sign you up for service with one of the larger carriers. You wouldn’t believe how much money they make on all those accessories, or how much they’re willing to pay in bonuses to the salespeople who got you to buy these items on impulse. Please consider all this and think about it.