FFL DEALER TRANSFERS
I just got a lesson learned on handling a transfer for a person. HE asked me if I would handle a transfer from out of State for him. I agreed. Now, he hit me with a NIB gun and personal weapon. The NIB I could sold him and made a few dollars. Now stuck with the paperwork and for a very nominal fee. I will keep my word and do the transfer but I will not do transfers in the future. People don't realize the investment, paperwork and all that stuff. Just venting. Franko
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Dont cut your nose off. Its not that much work, charge more. 0 -
Some FFL's don't even have a commercial store all they do is transfers, I understand your situation if you are a store owner however from the consumer stand point we have a local store that is so high I can buy from the web, pay transfer fee, and shipping and still save over a hundred bucks a gun! Thats too much dang mark up in todays economy. Take a hint from on line gun shops they are offering awesome prices because they are countin on volume 0 -
More for me![:D]
Here's the reason to do transfers Franko.
Go here and see what this dealer is selling this NIB Rem. 700 SPS SS/Syth .270 for. $510 + $20 S&H = $530 Plus average transfer fee of $20 = $550 (This is not just this model gun, same wholesale prices for pretty much any make and model firearm)
http://www.gunbroker.com/Auction/ViewItem.asp?Item=66670290
How are you going to compete with that and make "a few dollars"? You CAN'T compete with that and make a few dollars.
Your cost + tax of $45+ = the same or more than the buyer is spending including the transfer fee. And this is WITHOUT adding in a profit for yourself. Add in a profit and you'll be nowhere close to what the buyer can get the gun from the online seller above for.
So since you won't be competitive on the price, there's no way a buyer that has online capabilities will buy from you. Now you don't have the in-store profit or a transfer profit.
With the very little, if any, markup with online sales, the best thing to do is take the transfer profit and be happy. I'd rather have some than none.[;)] Same paperwork either way.
Ben0 -
Make the transfer. Then sell him the sling, ammo, scope, cleaning kit, case, borelight, triggerlock, cleaning patches, gunsafe, more ammo, etc. 0 -
I do transfers and it brings in new customers. I've had many transfer customers come back an order several guns from me. 0 -
A lot of guys charge $25 to do a transfer. Fax the FFL out, make a phone call. record it in and out of the bound book. Not a bad half hours pay from where I sit. Where is he going to buy his ammo? 0 -
There are only two gunshops around here. Both of them have ridiculously high prices. (like $950.00 for a Sig P229 without night sights plus tax of course) so I never buy anything from them. They also both charge $100.00 for transfers of new or used guns. So I don't use them for that either. There is a federal employee I know that has an FFL and only does transfers, for $20.00 a gun. Works out of his house. He does tons of business, and I know I have given him several hundred dollars of business just myself. Every time I go to pick up a gun, there are 2-3 other guys there also. I buy everything online and have it shipped to him. 0 -
Double that, I by from on line shops or gb anb have it shipped to my household ffl guy he charges 20 also. 0 -
You aren't looking at the big picture.....obviously he wanted to SAVE the few bucks you thought you could make on the NIB gun. If gun stores were statues....the NEW guns would be pigeons. Nothing spectacular and everyone has them for about the same price. The used guns are the money....and you won't last long if you try to make a fortune off of every deal.
You can't plan on...."I could make _______ amount of money just like the guy down the road." That is a bunch of snot and no way to build a good customer base. If you can beat the price....that's the way to get busy!!!! Piss the ever-lovin-mess out of all the other guys trying to sell.....because they have to hear how YOU are better.
These internet transfers are dinky little 5 minute parts of the day....that lead to R E G U L A R customers if you play your cards right.0 -
TRU THAT !!! Right on Locust Fork and ECC .. 0 -
Transfers are quick and easy to do. MUCH quicker than the guy who walks in and wants to see every gun in the case and then says "I'll think it over" and walks away after wasting an hour of your time. 0 -
My "transfer dealer of choice" recently sold two guns for me--consignment in his shop. He made right at a hundred bucks; I even ran classified ads on each gun bringing people into his shop. When I found a great deal on GB, he did the transfer for $15--he would have had to charge me about $50 more than what I paid including shipping. He made money and gained customers in his store off me--and I get a good deal on transfers. We both "WIN!" 0 -
quote:Originally posted by vafranko
I just got a lesson learned on handling a transfer for a person. HE asked me if I would handle a transfer from out of State for him. I agreed. Now, he hit me with a NIB gun and personal weapon. The NIB I could sold him and made a few dollars. Now stuck with the paperwork and for a very nominal fee. I will keep my word and do the transfer but I will not do transfers in the future. People don't realize the investment, paperwork and all that stuff. Just venting. Franko
Lets see, $20 for 5 minutes of paperwork comes out to a pay rate of $240 (thats two hundred and forty dollars) an hour.
Boy, you sure got burned. Give me a break. Chances are he never would have bought it from you in the first place. What you don't realize is that the real value of transfers is they bring you NEW customers who would never venture to use your services otherwise. And theres always a chance to upsell, with accessories or perhaps even another firearm he sees in your shop.0 -
Lets be nice guys.....we need sellers to be as powerful as they can be so guns have a good "blanket" of support.
Everyone here KNOWS how frustrating the paperwork is....and nobody appreciates the gun store owner more than this crowd here. Somehow you need to look at the internet transfers in a different light. Maybe you should advertise some kind of deal for your store that involves these transfers....while at the same time running some type of SALE at the same time these transfers are coming in.
I bet you see a TON of new clients looking into what you have on a regular basis right afterwards.0 -
quote:Originally posted by MFI
TRU THAT !!! Right on Locust Fork and ECC ..
+2
Tell the customer if he is buying new to let you quote it first, and you will save him the transfer fee[;)]
Don0 -
quote:Originally posted by MosinNagantDisciple
Lets see, $20 for 5 minutes of paperwork comes out to a pay rate of $240 (thats two hundred and forty dollars) an hour.
Boy, you sure got burned. Give me a break. Chances are he never would have bought it from you in the first place. What you don't realize is that the real value of transfers is they bring you NEW customers who would never venture to use your services otherwise. And theres always a chance to upsell, with accessories or perhaps even another firearm he sees in your shop.
+1 [:(!]0 -
Hell fire folks! I'll do NIB transfers all day for twenty bucks each. Twenty dollar bills falling from the sky with me investing nothing but about 5 minutes. I am going to have the licence and shop anyway, so I'll just stop ordering new guns and become a transfer station.
Works for me![:p]0 -
quote:Originally posted by vafranko
I will not do transfers in the future. People don't realize the investment, paperwork and all that stuff.
Franko,
One problem with making the statement that you did, is that there are many people here who DO realize EXACTLY what is involved.0
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