I've been thinking about this for some time - it may be a pipe dream but the corporate world is slowly destroying my soul. We've talked about it at home and I have the support to take the plunge if I decide to. A few questions:
1) Is it viable to run a brick & mortar without focusing on used inventory? I feel like I don't know enough to get a sense of what is and isn't a good used purchase.
2) Forgive such a basic question...but does new stock come directly from labels or are you primarily dealing with a distributor? Is it multiple distributors or do these businesses largely cover 90% of the releases?
3) Do you do much for online sales outside of a Discogs store?
4) Do you have any recommendations on inventory management / POS systems?
5) What kind of margins are you typically making on new inventory? I have to imagine your discount rates probably aren't justifying a lot of movement when you're up against Target / Urban Outfitter / Best Buy spends from the same distributors?
I have a million more questions but I'll pause it there. I expect I'd be taking a significant pay cut...but again the constant pressure of managing a corporate business focused purely on NR growth and EBITA stability is absolutely exhausting.
tremendosaur1 karma
Hey - thanks for doing this!
I've been thinking about this for some time - it may be a pipe dream but the corporate world is slowly destroying my soul. We've talked about it at home and I have the support to take the plunge if I decide to. A few questions:
1) Is it viable to run a brick & mortar without focusing on used inventory? I feel like I don't know enough to get a sense of what is and isn't a good used purchase.
2) Forgive such a basic question...but does new stock come directly from labels or are you primarily dealing with a distributor? Is it multiple distributors or do these businesses largely cover 90% of the releases?
3) Do you do much for online sales outside of a Discogs store?
4) Do you have any recommendations on inventory management / POS systems?
5) What kind of margins are you typically making on new inventory? I have to imagine your discount rates probably aren't justifying a lot of movement when you're up against Target / Urban Outfitter / Best Buy spends from the same distributors?
I have a million more questions but I'll pause it there. I expect I'd be taking a significant pay cut...but again the constant pressure of managing a corporate business focused purely on NR growth and EBITA stability is absolutely exhausting.
View HistoryShare Link