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Curious on student pricing?

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neophyte

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Apr 23, 2012
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I didn't check both lists but the discounts on the one were 64% off list retail. I don't know what franchise dealer pay for their own stock, but it may even be more than that. The manufacturers may still be making money, but it's likely less than they normally make, and they still have to cover the warranty on any tools that break.
 

franzdom

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Yes, it's so sad that they make money, we should figure out a way to buy from them so they don't make money.
 

firebox40dash5

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Yes, it's so sad that they make money, we should figure out a way to buy from them so they don't make money.

Call me crazy, but I think his point was that they're selling them for 50% (or a lot more) off of regular, and still able to make a profit... in other words, regular price is insane. No ****. :lol:

I have to wonder, I've heard that the schools have a tool truck that comes by... is this a regular franchisee, or a guy employed by corporate? Part of the reason for the crazy prices is... wait for it... there's a guy driving around getting single digit gas mileage in a six-figure truck that probably requires a CDL and a bunch of tax/regulatory BS, hauling around tens of thousands if not more in inventory, and then trying to make his living off the markup on the tools he sells, while selling tons of them on interest-free lines of credit to people he wasn't able to run a decent credit check on. I know what my Snap On and Matco guy have in markup on a few items... it sounds insane, but when you think about all that ****, it's amazing they can turn a buck, let alone make a living.
 

tyndall

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I have to wonder, I've heard that the schools have a tool truck that comes by... is this a regular franchisee, or a guy employed by corporate?
Last I've seen it was a guy employed by corporate. He sold Williams to tool stores and handled Snap-on for the schools and any other industrial/low profit accounts.
 

gagreen

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Colorado
Should be the same price for all............. the warranty is the same.

Student discounts are a way to get people starting out with your brand, hopefully creating a loyal customer for years to come. Take a little hit on the profit margin early can lead to a customer who, since everything else is that brand, will pay full price later on. It is a pretty successful program.
 
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wornoutoldman

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Conover WI "God's Country"
Those student prices come from an "industrial rep" of the tool company not an individual franchisee. Those price may actually be at cost or only slightly above. The idea is to get the students hooked on chrome. Then they will likely "mainline it" for their entire career. The tool companies would be smart to just give each student a small "starter set" (with tools chosen by sberry ;)) for free. This would "set the hook"!
 

tyndall

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Lol why would a mfg want to give you tools for no profit at all?
To get the young ones "hooked" on a brand.

How many times have you heard "I'm a professional auto technician and all I'll ever use is ***"? Have they tried tools from Harbor Freight? "Yep, it's junk!" Fair enough. Have they tried any tools from other premium brands? "Why?, I already own the best!" :rolleyes:

My experience was the student had to pay in advance - no financing. The tool list from the school is seldom complete. Once they get out to the real world they get to pay full price for the missing items. Corporate might be making little or no profit on school deals, but they are ensuring future of their trucks.
 

dsimatt

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When i went to tech school i bought the snap-on set they had made up for a good discount but yeah it was bare minimum. Matco had a deal were a 1 time buy you could get anything like 50% off i think. I think its nice to try and help the young guys out, granted it ***** paying full price now but it is what it is.
 

firebox40dash5

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Last I've seen it was a guy employed by corporate. He sold Williams to tool stores and handled Snap-on for the schools and any other industrial/low profit accounts.

I kinda figured as much, no way a franchise driver could make a living selling like that unless they were subsidized anyway.

Definitely an incentive there to get them hooked. Even if you sell a student a pretty huge list (like that $4500 one) it's not going to be nearly complete, and since you gave them a deal and they already have a bunch of *your brand* tools, you're encouraging brand loyalty that'll likely bring plenty of future sales, and if not, you either still made a few bucks (and it's not like a guy that leaves the business is going to be warrantying a ton of busted tools) or didn't lose much at all for the chance. It's like crack dealers, mang!

Besides that, they "need" the tools, and it's not likely many would be buying much at or near retail while they're in school... meaning if they don't buy from you, they buy from someone else, and likely don't re-buy from you in the future. As long as they're making SOMETHING, that's more than making NOTHING. ;) Hell, my tool guys get that... I rarely pay MSRP, but they've figured out if they stuck to that, I'd rarely buy anything from them. I'd do without or find an alternative. But come down to a price that still lets you make a profit, and I'll gladly pay more than the alternative, to support a local small business and get better service.
 
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redline380

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What exactly are you curious about?

im not curious. note the question mark in the thread title. it assumes i am asking you, the reader, if you are curious.

what i wanted to accomplish with making this thread was to show the disparity between student and regular pricing. no one should be making any assumptions as to how i feel about this so lets not do that. i understand mac and snap on are businesses and they need to turn a profit in order to stay around. i simply wanted to show other readers just how much less student pricing is than regular joe pricing.

what i am trying to understand is why this stuff if marked up so heavily. do the dealers need to profit that much on every piece to stay above water? do they not sell enough to lower the profit margin and make the pieces more affordable?
 

ihateminimumwage

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Jan 26, 2012
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None of those student prices on that Snap-On list are correct, and many of those PN are not available through the student website. The schools that provide those lists don't update them for years, they just edit the date at the top, and print off another pile of them to give to students every year.

As an example, the link says 'OEX710 Standard Combo 5/16"-1" $104.02'. That set is not available on the student site (and actually only goes up to 7/8" on the Snap-On site). A set of SAE combo wrenches is $190, not the aprox 30% that that link has listed. It's still an amazing deal, but not as extreme as those links say.

As was stated before, the point is to get students just starting out hooked on their brand. Everything has to be paid outright from the websites (no credit), and most of the truck distributors do not honor the discount.
 

pilotman81

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Apr 24, 2012
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Somewhere on the road
im not curious. note the question mark in the thread title. it assumes i am asking you, the reader, if you are curious.

what i wanted to accomplish with making this thread was to show the disparity between student and regular pricing. no one should be making any assumptions as to how i feel about this so lets not do that. i understand mac and snap on are businesses and they need to turn a profit in order to stay around. i simply wanted to show other readers just how much less student pricing is than regular joe pricing.

what i am trying to understand is why this stuff if marked up so heavily. do the dealers need to profit that much on every piece to stay above water? do they not sell enough to lower the profit margin and make the pieces more affordable?
Fair enough. I guess that I am personally not curious because I am not a student, therefore the discount means nothing to me. I am also not a tool dealer, so I cannot speak to what margins they need to have to be profitable. As an end user I try to do my research and find the things that I need or want at the best possible price whether it is new, used, from a dealer, store, or other tool nut. Just my $.02. Wasn't trying to be an ***.
 
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redline380

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Jan 30, 2013
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st. cloud, minnesota
As an end user I try to do my research and find the things that I need or want at the best possible price whether it is new, used, from a dealer, store, or other tool nut. Just my $.02. Wasn't trying to be an ***.

no harm done. i, like probably everyone else on here, love good tools, but i do my research as well. basically, i was just drooling over the student pricing, wishing i could get that too. but i would probably be broke! i do buy stuff off the the mac truck, but usually only odds and ends or if its on sale. i also love checking out his used stuff
 
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