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Subject: Pre selling and how I "know" what i am pulling

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auggest
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02/25/2006 6:58 PM  
There seems to be alot of people who are conserned with presells on items sellers don't have yet. I cannot speak for others and how they do it but here is how I do it.
Simple (well not really) , It's all about statistics. When you deal in small quanities you are subject to more randomness than when you deal in larger numbers. If you flip a coin 10 times you are 60% likely to have it land on head between 4-6 times. Flip it 100 times and you are 60% likely to have land on heads 45-55 times. Flip it 1,000 times and it will fall withing 475-525 times. In other words the larger the sample the closer to a true average you can obtain and the less "Random" it becomes.
Now the nuts and bolts. First I get confirmation from my wholesalers how much I will receive and if there are any allocations. As soon as they give me a firm number to work with I put my calculator to work. I set it so that I am 99% sure I will get whatever I set aside for preorder then list the rest after sorting does take place. Both my wholesalers know that the amount the say I am getting they better deliver or they will loose my account. I am a VERY large account of theirs and pay promtly (no terms) for all items I buy from them within a week. I pre ordred 175 cases between the 2 wholesaler of which I have 125 confirmed on the first wave (I may get more if available but as stated they only confirm if they are postive). I have promised 2 case to Lab Monkey for pickup in my store and I will use a case for in store sells as well so that means I am busting 122 cases.
Average I should get / Number I am preselling with 99% pull likelyhood
Each rare 61 50
Uncommon 183 125
common 488 400

If I got in 20 cases confirmed I would NEVER list 8 of each rare (the same % as 50 in 122) as many, many times when you open only 20 cases you can get only 4 or 5 of each rare and even none (my luck before this week has been horible with beholders lately in my stadard 10 case restocks). Infact I would not prelist any as it's just too random to chance it.

This also does not take into account people who are slow to pay or default so there is even more security built in.

If anyone is intersted after sorting them next week I will post the actual number I got of each rare, uncommon and common, but if nobody resonds (or cares) I won't go to the trouble.

I R SPEELING GOD

maijstral
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02/25/2006 7:12 PM  
I started the sand giant thread not to scold presellers, I have prebought from you so I couldn't anyway not without being hypocritical, but to laugh at the fact that a mini that had just been previewed on WOTC mere minutes before was now being presold on Ebay.

I still find it funny that a mini we hadn't even know about an hour before was up for sale on Ebay, my thread got hijacked by people who had a problem with certain presellers.

While I have no interest in numbers there are many here who are very intrested in case and booster breakdowns so they would probalby appreciate your posting the breakdowns and ratio's.

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02/25/2006 7:16 PM  
Thanks for sharing with us dude. You and a select few are the only ones we are beginning to trust now with recent antics from others on line.

Always great doing business with you.

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auggest
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02/25/2006 7:20 PM  
quote:
Originally posted by maijstral

I started the sand giant thread not to scold presellers, I have prebought from you so I couldn't anyway not without being hypocritical, but to laugh at the fact that a mini that had just been previewed on WOTC mere minutes before was now being presold on Ebay.



I know...thats why I made this a seprate post. I had noticed in a few other treads peeps questions/skeptism and just wanted to explain how it's possible. Undoubtly some non static oriented people still don't understand but those with a math backgroud will. Also as I said I am not sure how the other sellers derive their numbers and how sound their forumlas are so people SHOULD be a little skeptical. As always on ebay check peoples feedback and refernece and their reference here for that matter and make an informed decision.
......Andrew (auggie/auggest and to those a little more formal Mr Vianey :) )

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West Valley City, Utah

02/25/2006 7:26 PM  
I guess I made a broad generalization. I have no problems whatsoever with the way you do business. I purchased from you once and was very satisfied. I would do so again if the opportunity came up. I haven't been buying a lot of singles, as I usually get a lot (for me) and trade. You have very well thought out strategies and have demonstrated not only competence but also good deals in a lot of cases for us.

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SLC, UT

02/25/2006 7:41 PM  
It's very nice to see a sound statistical analysis for presells. It's even nicer to see your website updated [:)]

I cannot agree more with the statement that everyone should check the feedback rating and decide for themselves. Jotoge games received quite a bit of negative press recently yet I bid based on feedback and was very happy with the transaction. It helps to read the actual feedback comments as well (sometimes negative feedback is left for dubious reasons). Another huge factor I look for on ebay is repeat buyers. That can mean more than a high feedback score.

Glad to see you posting here Mr. Vianey. It's always been a pleasure doing business with you. Expect another order as soon as I know my War Drums needs [:D]

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02/25/2006 7:45 PM  
Ah so I'm not the only one who adresses emails to you Mr Vianey!

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02/25/2006 7:52 PM  
Cool....

Do you dealer guys (With 175 cases) ever see a "short-print" rare mini (like sometimes happoned in sports cards)????

It just "seems" (zero math) that certain rares are just not pulled..

Beholder, D-Beast and the UC worg seem like "short print"..

We have no guarantys that WoTC has or has not done this....

I figure you guys would have seen this odd pattern right away.

True/False/Unknown/Maybe????

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----THOR (Atlanta GA)
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auggest
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02/25/2006 8:11 PM  
Never to date. WotC has said no chase figs and that all rare have the same commonality and as I look over my books I have gotten about the same Beholders has and other rare in the set. No telling if they stay with this policy though.
.....Andrew

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auggest
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02/25/2006 8:19 PM  
Opps read your post a little closer....special note reguarding the D-Beast....I was not even selling when Harbinger came out (though I bought a bunch for myself) and as I recall didn't they take that out of the set for some reason...I am sure somone more versed will post regurding this particular case.

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02/25/2006 8:23 PM  
So the "felt" scarcity of todays hard to find rares are market driven.

I.E. The Dragons are very popular and are hoarded and are therefor scarce therefor high price.......

Suppy and Demand..... Gotta love it.....

Any thoughts on the state of the Mini Market in 2 years??? 10???

I used to fool around with high dollar Vintage Hockey Cards. This DDM thing seems to follow new rules as WotC can change the rules and re-print a popular mini. Not a good thing for serious investers.

I don't think DDM will ever appear in Money or Forbes Magazine as "Hot investments" as did the Vintage Sports cards or other Antiques.. grin

Thanks.

Cheers !!
----THOR (Atlanta GA)
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madda
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02/25/2006 8:23 PM  
I have no interest in the preselling buisness, but the math intrigue me.
The two main inequalities regarding this kind of approximation are derived from Hoeffding's inequality and Chernoff's inequality. You can check http://en.wikipedia.org/wiki/Binomial_distribution in the Distribution function section. Assuming the distribution is perfect, and you have 12/23 (52%) getting a rare in each case (there are only 23 rares) so p=12/23. You have n=122 cases, and you aim for more k=49 rares of some type. This inequalities say that the "miss chance" is about 3%, not 1%. Doing a real calculation is difficult as the numbers get high real fast. Moreover, it's not like it's 3% for every mini. The minis are dependant (if you have less of mini X, you must have more of something). So, my question is how do you calculate that 99% figure, or is it just based on your experience ?
(And, yes, I know it's off-topic. You can ignore it if you do not like math as much as I do Ζ)])

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02/25/2006 8:23 PM  
I'll agree with Auggest here, that I have not seen the chase rares at all, the more cases I buy the more even the distribution becomes.

And also as stated before just like him I use math, if I should get 15 based on distribution I will take 2/3 of that and presell them, if I should get 60 I'd sell 40, just playing it safe, and almost always I find that I am + or - 2 at the most compared to what I should have received, so it really works out quite well.

Adam


auggest
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02/25/2006 8:26 PM  
Ah a true math fan! It's been a long time since I had the class and I do use aproxizations but you forget to take into account that one of the base assumtions is not correct. It's not truely random packing (GASP). This is why it's pretty rare to get 2 of the same rares in a case when it should be quite common (again been a while and I really dont want to put up the effort to tell you how common it should be but I am sure your already figuring out which formula applies). I would love to see you post the % chances, not being sarcastic at all...I really am interested but too lazy to calculate it myself (well more like too lazy to find the forumla than to plug the numbers in anyway).

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02/25/2006 8:35 PM  
Oh No real math folks showed up!! GASP

I use the Magic Luck principle. Which has the following principle:

1) Never works
2) Easy to use
3) If it does work it seems like magic.

Example: I'll go buy that extra booster. Maybe get a Beholder!!!
(Opens Booster) Dang!!! No Beholder.....Fun Fun Fun

175 cases to break open??? You must generate some packaging!!! GRIN

Cheers !!
----THOR (Atlanta GA)
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auggest
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02/25/2006 8:42 PM  
Well Thor its only 122 case next weekend [:)] (the rest will be in wave 2 unless more become available. It takes 4 people working from 8 to 5 both Sat and Sun to complete the work and yes the trash is nuts (though we break the boxes down supprisingly well). I see your from ATL. I live in Lawernceville and welcome you to come out next week and check us out...it's in Athens though so depending on where you live can be quit a trek.
....Andrew

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madda
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02/25/2006 8:48 PM  
quote:
Originally posted by auggest

Ah a true math fan! It's been a long time since I had the class and I do use aproxizations but you forget to take into account that one of the base assumtions is not correct. It's not truely random packing (GASP). This is why it's pretty rare to get 2 of the same rares in a case when it should be quite common (again been a while and I really dont want to put up the effort to tell you how common it should be but I am sure your already figuring out which formula applies). I would love to see you post the % chances, not being sarcastic at all...I really am interested but too lazy to calculate it myself (well more like too lazy to find the forumla than to plug the numbers in anyway).


Being true to my craft, I did wrote
quote:

Assuming the distribution is perfect


But in my calculations I already took into account the fact that rares are not repeating in the same case. Hence the 12/23 factor. (12 distinct rares in a case from a pool of 23 rares give you a chance of 12/23 to get a specific rare).
The calculation is this:
n = number of cases = 122
p = the change to get the rare you want = 12/23
k = the maximal number of rares we check = 49 (since we want 50 or more)
F = the chance to get k or less of a rare X with probability p from n pulls.
Either
F <= e^(-2(np-k)^2/n)
or
F <= e^(-(np-k)^2/(2pn))
(both are valid. calculate both to check which yields the better bound, "e" is the natural logarithm ~2.71828).
From here, it's simply a calculator job.

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auggest
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02/25/2006 8:57 PM  
Madda, i'll leave my wife for you!!! I did reread your post and saw that you took it into account after I had posted [:)] but seriously...get back to giving my the breakdown of % getting 1, 2, 3, 4, and 5 duplicates per case I really do want to know.

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02/25/2006 9:03 PM  
Hey Auggest,

I GAME in Athens!!!. I live near Lake Lainer.

Bet we know some of the same strange folks..... GRIN

You know about Athensgamer.com (or something like that)

You know Arron and his Gwinnet gaming guild???

Send me a private E-Mail. Small world!!!!

Kauke@Juno.com


Cheers !!
----THOR (Atlanta GA)
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madda
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02/25/2006 9:15 PM  
quote:
Originally posted by auggest

Madda, i'll leave my wife for you!!! I did reread your post and saw that you took it into account after I had posted [:)] but seriously...get back to giving my the breakdown of % getting 1, 2, 3, 4, and 5 duplicates per case I really do want to know.


First, don't leave your wife for. My girlfriend will not appreciate it, and I'll have to explain it to her [)].
Now, I'm not sure what kind of breakdown you wish to know.
If you want to know what is the chance after n cases you'll have k duplicates of mini X, whose chance to get in a case is p. It's n!(p^k)(1-p)^k/(k!(n-k)!). This number get real high real fast so using some form of spreadsheet to calculate it will fail (the ! is factorial and it grows exponentially).
However, small numbers are fine. Say, n=10 cases.
The chance I'll get 7 Sand Giants is 10!(12/23)^7(11/23)^3/(7!3!) which is ~0.138 or nearly 14%.

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02/25/2006 9:26 PM  
Thanks for the info Auggest [:D]

Would love to read the follow up after next week. Glad I am all paid up on the same night! [)]

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auggest
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02/25/2006 9:40 PM  
Nothing that complex actually....I want to know in a True random distribution the chance in one case of getting 1, 2, 3, 4, 5, and finaly 6 dups.

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02/25/2006 10:01 PM  
quote:
Originally posted by auggest

Nothing that complex actually....I want to know in a True random distribution the chance in one case of getting 1, 2, 3, 4, 5, and finaly 6 dups.


It's really the same math with different names.
You have 12 boosters in a case. Assuming the chance to get a rare in a booster is 1/23. Put n=12, p=1/23, and k=0..12.
n=12 is small enough. Here're the results (rounded and in %)
<br>0    58.66%<br>1    32.00%<br>2     8.00%<br>3     1.21%<br>4     0.12%<br>5     0.01%<br>6<0.01%<br>7<0.01%<br>8<0.01%<br>9<0.01%<br>10<0.01%<br>11<0.01%<br>12 <0.01%<br>

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02/25/2006 10:54 PM  
auggie, I don't even cruise ebay (for the last 3 sets)anymore(except for OOP stuff). With your flat 3.50 shipping, I wait till I know what I want, then pick it all up at once. Hubb, I just got a link for you recently. Your prices are great too, and your shipping is better than anyones I've seen besides auggie. When he doesn't have something, I'll be looking at you too. I've bookmarked you both. I have a deal to buy my cases at my flgs to support him, then hit you for singles, mostly to pick up the uncommons I still need, and an occasional rare.

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02/25/2006 11:15 PM  
quote:
Originally posted by smilinIrish

auggie, I don't even cruise ebay (for the last 3 sets)anymore(except for OOP stuff). With your flat 3.50 shipping, I wait till I know what I want, then pick it all up at once.


Hear,hear, I agree I have auggies games and movies bookmarked. I don't get my cases till the tuesday after release I check out the scans here,see the prerelease figures and order rares I know i'll want dupes of on friday or saturday (sometimes I take a chance and order a cheap rare I think I might not pull).

I tend to think of this as preorder despite the fact it really isn't.

A little off topic auggest, I always pay with paypal and I also send an email describing what I bought,the payment and my address. I wonder since all this information is a duplication of the paypal stuff is it an annoyance? helpfull? or just doesn't matter? I do this with all my ebay purchases and sometimes I wonder.

I do the same with my trades here I include a letter describing the trade in the minis box. I guess I have a suspenders and belt mentality either that or a touch of OCD(I don't know how many times i've opened a box I was sending to make sure I put the right things in it)

auggest
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02/26/2006 12:01 AM  
It's not a big deal either way. I usually check emails like that to make sure that there is no diffent info that ebay/paypal has on file so I suppose it slows me down a little but again, not a big thing.
....Andrew

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The Fortress of Solitude

02/26/2006 12:44 AM  
quote:
Originally posted by Thor

So the "felt" scarcity of todays hard to find rares are market driven.




That's all it is. A perceived scarcity because people are hoarding the nicer rares.

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Edmonton, AB, Canada

02/26/2006 9:41 AM  
LoL, Auggie.

We haven't touched the presell market yet -- it may be perception, but it always seems that when I presell something, it takes FOREVER to show up in the distribution.

I recently oversold a Balor by 1 -- and it tooks us 12 (TWELVE!) cases to get one. That's 144 boosters. Now wasn't that a statistical anomaly!

[:)] Someday... we may start doing the presells.

I just wish we could offer the same shipping deals you do down there in the USA -- Canada is very expensive to live & work at times...

John

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02/26/2006 10:49 AM  
Ouch, the odds on that were pretty long. I suspect back in the early days, preselling would have been too chancy for rares and even some uncommons with the content distribution. The current "promise" to get no rare doubles in a case, makes the statistics of preselling a lot easier to predict when deal in 100+ case lots.

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02/26/2006 1:37 PM  
quote:
Originally posted by Thor

Hey Auggest,

I GAME in Athens!!!. I live near Lake Lainer.

Bet we know some of the same strange folks..... GRIN

You know about Athensgamer.com (or something like that)

You know Arron and his Gwinnet gaming guild???

Send me a private E-Mail. Small world!!!!

Kauke@Juno.com



Are you serious? I live, work and game in Athens. We should get together: thornhi3@msu.edu

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02/26/2006 4:43 PM  
Hey Auggest (Andrew),

You may recognize the nickname, but then again, you may not considering how many buys you get each day.

I've spent hundreds of dollars ordering from you, and several of my friends, I've recommended them to buy from your site, and they've spent varying amounts of money. (2 Buyers from Butler, one from Indiana...)

One of the guys from Butler ordered from you recently and emailed to confirm his order. It hadn't reached his house because a car had recently clipped his mailbox.

When he emailed you, you emailed back immediately with the info, and he then called his Post Office and found out that they had the delivery.

I gave them the direct link to buy from you:
http://stores.ebay.com/Auggies-Games-n-Movies

The worst problem that any of us had, buying from you, was that occassionally the order was just reasonably fast rather than extremely fast.

Everything has been great.

Nobody should ever go to a seller that charges $1 for each additional shipping when they can come to you and pay a flat rate on shipping.

I also prefer that I'm not in some frantic auction race to buy the mini I want.

You've actually taken some of the "eBay" out of "eBay" because I never look anywhere else for a mini unless it's from an older set that you no longer carry. Almost all of my eBay ratings come from your store.

I plan to buy from you again when it comes time to fill out my Wardrums collection.

Thanks for having a fair practice when it comes to shipping costs, and for being an honest seller that I've recommended to all of my gaming friends.

Later,
Joe


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02/26/2006 5:14 PM  
Thanks for the info on the pre selling Auggie :) Always good to know how it's done.


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02/28/2006 9:56 AM  
It's nice to see what you do.

Think you will update your main page at all? last update was 01/02/2006...



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02/28/2006 11:17 AM  
Auggie - Do you have a brick and mortar store? cause Im gonna be back down in ATL in a few weeks and wouldnt mind supporting the local economy..

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02/28/2006 11:59 AM  
You know, there was a time 6+ months ago when all those number symbols and statistical jargon made complete and utter sence to me, not that I've graduated college its all mumbo jumbo to me again [)]

But it's great info to know as I've alwasy been a bit curious. Finally broke down and preorderd some mini from you and look forward to doing so for every set now.

And put me on the list of those interested in the numbers next week [:)]

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03/01/2006 4:05 AM  
Thanks for the info Auggest...I think I'll pop on on over and order a couple of starter packs for War Drums. My (F)LGS isn't so friendly, and is unfortunately way too expensive to support! [B)]

BTW, Do you give Maxminis discounts...? [)]

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Champion of the Frost Giant Jarl
"Pray that you meet death standing on your feet, rather than on your knees."

oyvind
Warrior
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03/01/2006 5:36 AM  
Hi, auggest!
Is it possible to "subscribe" with you? I mean, I always want one of each rare and each uncommon mini and two of each common from each D&D Miniatures set. I always buy two cases and trade for the missing ones (usually between 4 and 8 rares), but it's really expensive. As I live in Norway, I also wonder if you send overseas. Up until now, my favorite FLGS has been up and running, but they're very close to bankruptcy (no new product since October), so it's impossible to support them now. For Underdark and War Drums I've used another retailer, but since norwegian shops don't sell singles, it's really expensive to get what I want, as I don't want or need extras.

So, what I'm asking is: Can I subscribe to one of each miniature and an additional of each common miniature from you for all sets forward starting with War of the Dragon Queen? I've already pre-ordered the Gargantuan Black Dragon and the Colossal Red Dragon from Amazon.com, but nothing else. Please let me know!

Kind regards,
Øyvind Schiøtt.

Champion of the Tarrasque

Knight of Kraken

auggest
Sneak
Sneak
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03/01/2006 1:07 PM  
Well the update is this, I am getting an extra 50 cases release week (Friday) so now my totals ae 175 instead of 125. My origial numbers were based on the 24 24 12 breakdown so I have had to make corrections for that as well on the fly. Since I have not even come close to listing everything yet thats no problem but the original post is moot now.

As for discounts for maxminis customers the truth is that I just don't have any room to discount items. I made post a while back what my markup was (or at least as near as I can get it). I shoot for 30%....aprox 10% goes toward employees who sort, pull and package. 10% goes toward Ebay/paypal fees, and lastly I pay myself exactly 10% of gross sales. Any discounts aside from causing a nightmare in my bookeeping would come out of my pocket and I do this to make money (though I am a D&D gamer for 28 years now!). I do however have a GREAT appriciation for the kind words spoken of me here frequently. I always try to be open and honest with people and when I see a post or confusion about how selling works I try and answer (such as this post started out).

Lastly the subscription question. Again the way I have things set up is to fill the most orders effeciently as I can since my markup is so small. That would likely cause havoc in my inventory system but is an idea that I may persue down the road. I have been growing by leaps and bounds and just want to find a good pace though before I start working on other ways of selling. Eventually I would like my own website and ditch the ebay fees (and pass it on to the customers) but the question then becomes is the 8% I save from ebay worth the time it would take to run/promote my sight? Anyway lots of ideas are running through my brain atm but they are not getting much chance to come to fruition lately as I am busy running what I have.

I R SPEELING GOD

Runelord151
Underboss
Underboss
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03/01/2006 3:36 PM  
quote:
Originally posted by auggest

Well the update is this, I am getting an extra 50 cases release week (Friday) so now my totals ae 175 instead of 125. My origial numbers were based on the 24 24 12 breakdown so I have had to make corrections for that as well on the fly. Since I have not even come close to listing everything yet thats no problem but the original post is moot now.

As for discounts for maxminis customers the truth is that I just don't have any room to discount items. I made post a while back what my markup was (or at least as near as I can get it). I shoot for 30%....aprox 10% goes toward employees who sort, pull and package. 10% goes toward Ebay/paypal fees, and lastly I pay myself exactly 10% of gross sales. Any discounts aside from causing a nightmare in my bookeeping would come out of my pocket and I do this to make money (though I am a D&D gamer for 28 years now!). I do however have a GREAT appriciation for the kind words spoken of me here frequently. I always try to be open and honest with people and when I see a post or confusion about how selling works I try and answer (such as this post started out).

Lastly the subscription question. Again the way I have things set up is to fill the most orders effeciently as I can since my markup is so small. That would likely cause havoc in my inventory system but is an idea that I may persue down the road. I have been growing by leaps and bounds and just want to find a good pace though before I start working on other ways of selling. Eventually I would like my own website and ditch the ebay fees (and pass it on to the customers) but the question then becomes is the 8% I save from ebay worth the time it would take to run/promote my sight? Anyway lots of ideas are running through my brain atm but they are not getting much chance to come to fruition lately as I am busy running what I have.



Check your email, I just sent you an idea for getting the word out about Auggies, that the folks here on Maxminis might just like.

Pegasus Knight
Sergeant
Sergeant
896 Posts


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03/01/2006 9:25 PM  
A MaxMinis-user discount? I'm going to have to echo Auggie here; I don't see how that'd work. He already gives the best deal on a huge majority of the DDM figures still on the 'active market'. If he slices any more off those prices, he'll be really cutting his profits something fierce. He slightly offsets -- on his end -- the low prices by using Media Mail and pocketing the difference. Mathematically that sounds significant.

In reality, he pockets an extra $1.40-ish or so per order that he's sent me and it's still a better shipping deal than most eBay sellers offer. For active-in-print items, Auggie's really the best deal I've found anywhere. I occasionally have to go 'bargain hunt' on a few other items elsewhere, but a huge part of my Skirmish collection comes from him. My only complaint is Media Mail sucks where I live, since I'm a few hundred miles out from the nearest major USPS sorting center; what takes you guys 5-10 days takes me multiple weeks. It's sure not Auggie's fault, though, and I'm willing to put up with the delays given what a bargain I get.


Auggie: I have to say, it's cool to see you stop by and talk with the community like this. I already trusted you due to how our previous deals went so well, but seeing that you're sitting down and doing some significant math on pre-sells adds a little more confidence to that. Thank you.

- Irrationally Fanatical Champion of Pegasus-mounted cavalry
- Proud member of Team Low Tier Beasting: I play CG as my main faction!
- Garland, TX 2006 Qualifier Champion
My trading thread: http://www.maxminis.com/forums/topic.asp?TOPIC_ID=19725
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