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Home > Modern Self Protection Podcast > Podcast 265 The Gun Shop Problem
Podcast: Modern Self Protection Podcast
Episode:

Podcast 265 The Gun Shop Problem

Category: Education
Duration: 01:04:18
Publish Date: 2019-09-19 20:23:10
Description:

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Today:  I worked in a local gun shop for about 4 years.  Loved it.  For 2 years I was able to work full time and make a living doing it.

There are tons of problems with gun shops.  Here is what I saw when I worked there.  Most of the problems are an industry problem and not the individual shop I worked for.

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Outline:

  • Pricing
    • 10% Markup on Firearms
    • Key Stone Markup
  • Guns are mostly a commodity
    • It’s the same everywhere… a Glock is a Glock
    • Where do you buy gas and why?
  • Accessories can make you money
    • Too much to stock
    • Accessory makers don’t understand business markups
    • Big money goes to favorites that can be ordered straight from makers or manufacturer
  • Employees are always biggest cost
    • Good workers vs Gun store commandos
    • Hard living in retail
  • ATF
    • Constant audits are possible
    • If they want you out of business, you are out of business
    • Don’t ever mess anything up! Ever.
    • FBI and ATF want it differently
    • Different auditors may tell you different things
  • People are Cheap
    • New Ruger Ranch Rifle… $850 gun he can get $50 cheaper and “50 bucks is 50 bucks”
    • Other store has it for $10 cheaper
    • Order it on-line
    • Everyone loves Walmart… even gun people
  • Returns
    • Bag o Parts gun returns
    • Dealing with manufacturers
    • Eating the cost of returns
  • Getting Inventory
    • Can’t just order anything
    • Specials that come and go
    • Distributors trying to get rid of inventory they don’t want
  • Getting repeat Business
    • Everyone wants a deal even on the first visit
    • Guns are a once a year or less purchase
    • Location, Location, Location
  • Gun Show Nightmares
    • Everything moves twice a week
    • You can have too many guns
    • Theft was a constant problem
    • Don’t lose anything
    • Lots of people that want to make a deal
    • Other vendors undercutting each other by $5 on a gun
    • People sucking knowledge without any thought on buying anything
  • Shop Owners aren’t always shooters
    • Want to work with people like them
    • Get sick of guns
    • Cool Hobby into a business without understanding business

 

Thanks for listening, don’t forget to check out the Shooter’s Club, and if you need ammo check out Lucky Gunner.

Stay Safe,

Ben

 

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