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Official Epstein's Day 2015 Thread

onarant

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I will gladly pay shipping cost from Epstein's. I find that in most cases, even with shipping cost, Epstein's saves me a few bucks over the free shipping vendors.
But I really don't care about the cost, I am supporting a family owned American Business.
 
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tightwad_wrencher

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I tried supporting a more local SK dealer but they were darn near 45% more than HJE so factoring in a little shipping is worth it to me.

Sent from my XT1080 using Tapatalk
 

cg81

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I would have gladly paid the shipping they quoted me, but it is close enough to work to go on a lunch break. I may very well spend more than the shipping would have been once inside there.
 

Kilgore Trout

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While the shipping seemed high, even with it, HJE was basically equivalent with Amazon for the wrenches I ordered. Now, I would certainly get them sooner with Amazon, but given the spirit of the day, patience is a pretty small price to pay. Plus, I wouldn't get any free goodies!
 

Jeremy77

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I look at paying a tad more for shipping from a company such as HJE in the same way that I view buying a quality tool such as SK or Wright. You're always going to pay a bit extra for quality, be it service or material goods. A lot of us complain about the loss of the "old time" type hardware/tool stores our dads and granddads knew and places that sell a great variety of U.S. made tools yet here (HJE), we have a resource that is and does both! They are not some faceless Goliath like Amazon, Sears etc. I for one realize that and am grateful for it. I plan on more online orders from them a really can't wait until I'm able to visit the brick and mortar location! I hope they don't mind some crazy dude wandering around for hours up and down the aisles.
 

67King

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There's no such thing as free shipping either.

Retailers that offer free shipping do so by raising their prices on all their items to cover the cost to the company for the shipping. It's also a way for them to make a profit off of the shipping without the customer seeing it.

Ah, no. There are some very common scenarios where it is used:
1. It is dictated by the market. The premise that vendors just set their prices is mistaken, anyway. The market sets the price. How companies can profit while selling at a point the market will bare all figures into things, and if they can make it or not. But the market may well dictate that shipping cannot be a major cost, or folks will go elsewhere (and may local tax instead of shipping)
2. Items sold with a MAP arrangement. MAP = Minimum Advertised Price. Dealers can't advertise prices below a set level. Free shipping is one way to differentiate oneself from other vendors of the same goods.
3. To entice people to spend more on goods. Amazon has free shipping at what, $75 or so? If one spends $50 on CD's, and come up with a $15 shipping charge, then they may likely buy a couple more to get over that threshold.
4. Simplicity/book keeping. The cost to ship stuff is more than just what is paid to FedEx or UPS or whatever. Keeping up with it on each transaction is tedious, and at some point, that combined with other factors may make it more cost effective to bin all shipping cost into a single tranche, rather than having to balance multiple accounts for each transaction.
5. Elevated pricing protects the brand identity of the good, but free shipping helps folks justify to themselves the expense.

FWIW, I'm a distributor, and I also sell at the retail level. As a diustributor, we enforce MAP. As a retailer, we offer free shipping over $300 to try to get people to buy in case quantities. We also somewhat have to do this because we sell a very premium product that has limited reach in the US, so we have to protect the band ID, yet make it so people can justify the investment. That's just one way we do.

At the end of the day, though, the most important factor is still the market's dictation of the price.
 

NoahG

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Two days late, but I finally got my order in, #100000200. Was on the road for the past two days straight. Not expecting to get the freebies, just happy to show support and get some tools I actually need. -
 
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jsackin

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So to address the shipping issue...

First anyone that feels they have been overcharged for shipping, please just let me know. We try to correct our shipping calculator when it misfires, but of course we are going to miss one or two with large sales day like this, so if that happens to you, just let me know. Call me. Email me. PM me here on the forum. I'll take a look at the order and refund you the correct amount. Easy as that.

Secondly, I wanted to address the idea that 67King raised that the most important factor is "the market's dictation of price".

Let's start with where we agree. In certain industries, the competition of the market pushes people toward greater and greater innovation, which means better less expensive products. Computers are the best example of this kind of dynamic. Just look at what has happened to the price of a gigabyte over the last 30 years.

hd-cost-graph-small.png


The question then is "Does the market universally operate like this?" I would say no. In some industries what you see, instead of increased competition leading to innovation, is a race to the bottom in terms of reducing all possible costs (one of the biggest costs being workers). While this factor is obviously part of the story of why computers are cheaper, it is not the whole story.

Before this gets too abstract, let's look at an example. Harry Epstein's can buy a hammer from a manufacturer at the lowest bottom dollar price, $10. We have to buy $1,000 worth of hammers to get it at this price, but for us, it is worth it. In order to pay all of our expenses, we need to make a 30% profit, so we retail the hammer for $13. We need to make that 30% because we only have full time employees, who have health benefits and company contributed retirement plans, among other expenses such as operating a brick and mortar store.

So let's say another company also buys this $10 hammer, but decides to hire part time people, give them no benefits, and strip away every possible expense in this relationship. They also operate out of a warehouse. They then can afford to make 10% or 15% off the same $10 hammer. So when you go online and look at this hammer, you will see the same hammer at various price points. The impulse is to say that the company that is selling it cheapest has somehow "innovated" and is making things better in the long run because the price is falling. But what have they innovated, and what effect is that having by selling it slightly less?

I would say that the most important factor in all of this is the implications of this last question. What effect does my business practice have on the world around me, and can I justify my actions in terms of competing in the market? In the spirit of Epstein's Day, as consumers and business people, I think these are questions we all struggle with and the answer is never easy or apparent to any of us.

You guys generated about 120 orders this year and we are incredibly grateful for your support. This goes a long way to show me that people are motivated by other factors than "cheapness" and that this, in my mind, is innovation, one that is hard to fit on a graph, but innovation none the less.

Jori
HJE
 

MJB24

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Nice post Jori. I had to sit out this year even though I was planning to buy, I have participated the last few years and something unexpected came up financially and wasn't able to.

Thanks for doing this and look forward to a purchase soon.
 

LB-1911

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Is the 120 orders higher or lower than previous years? That number just seems low to me.

Lower, Below quotes cut from original posts;

2014

Yes, well over 200 orders this year.

Jori
HJE

2013
So as you guys can imagine, I spent most of today packing boxes (and drawing on them).

We had over 150 orders which was more than last year. Also the size of each order was substantially more, so we definitely saw some growth.

thanks again for everything

Jori
HJE

2012
154 orders in my inbox today. Not sure if they are all GJ orders, but I bet most of them are. Good work!!!

Jori Sackin
 
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owenst7

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From checking prices at amazon, I saved more than what shipping cost me, and Amazon's free shipping is freaking slow. If you pay for the standard ground and don't let them collect everything at a central warehouse first (which usually adds a week for me), it will usually cost a minimum of $15.

My family owned a construction business for 30+ years, I ran one in college, and I have several friends that own small businesses here in Reno. Small business contributes more to our economy, both locally and nationally, than anything else. They are statistically the most generous employers, they pay the most taxes (small business gets SCREWED on taxes), and they are the most active in the community (when did Amazon donate to your kids little league team?).
 
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Askme42

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Jori:
The basic principles of capitalism are supply and demand, and charging what the market will bear. If I'm going to pay you $13 for a hammer when I could pay the next guy $11.50, I'm only going to do so if I get some kind of perceived "value" out of that other $1.50. Or let's say it's ten hammers, so $15 is a bit more of a difference.

Obviously everyone perceives value differently. To at least 120 people, apparently, buying from you adds more value to the hammer than buying from the warehouse guy.

If I go into business selling that same hammer, but I have to charge $20 for it, I'd better be adding a while lot of value somehow if I'm charging $7 more than you. In other words, I won't be in business long, and I'll be stuck with a whole bunch of hammers.

Jori did a good write up on it last year I believe. The question is do we as consumers have a responsibility to look past the almighty dollar and see value in other things like well paid employees and customer service? This is an individual's choice if you are comfortable with the race to the bottom by all means buy the cheapest you can find but if you're not quit talking about how it ***** and talk with your wallet.
 
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67King

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Jori:
The basic principles of capitalism are supply and demand, and charging what the market will bear. If I'm going to pay you $13 for a hammer when I could pay the next guy $11.50, I'm only going to do so if I get some kind of perceived "value" out of that other $1.50. Or let's say it's ten hammers, so $15 is a bit more of a difference.

Obviously everyone perceives value differently. To at least 120 people, apparently, buying from you adds more value to the hammer than buying from the warehouse guy.

If I go into business selling that same hammer, but I have to charge $20 for it, I'd better be adding a while lot of value somehow if I'm charging $7 more than you. In other words, I won't be in business long, and I'll be stuck with a whole bunch of hammers.

Really even more simple than that. Just a basic supply/demand curve. Their intersection is where the price is. If you raise the price, demand falls, and quantity sold falls. Really the most basic concept of economics. Certainly SOME people will pay more, but the curve looks at the market.

Nevertheless, I wasn't trying to start an economics debate, I was just pointing out that entitles don't just raise prices haphazardly.

I will tell you the one time I've raised prices. When I was selling so much of this stuff called Red Rubber Grease for rebuilding brake calipers that I couldn't keep it on the shelf. I was trying to avoid a stock-out, so I raised the price from $14.95 to $19.95. Demand fell almost immediately, but we absolutely still sold some.
 

jsackin

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Really even more simple than that. Just a basic supply/demand curve. Their intersection is where the price is. If you raise the price, demand falls, and quantity sold falls. Really the most basic concept of economics. Certainly SOME people will pay more, but the curve looks at the market.

Nevertheless, I wasn't trying to start an economics debate, I was just pointing out that entitles don't just raise prices haphazardly.

I will tell you the one time I've raised prices. When I was selling so much of this stuff called Red Rubber Grease for rebuilding brake calipers that I couldn't keep it on the shelf. I was trying to avoid a stock-out, so I raised the price from $14.95 to $19.95. Demand fell almost immediately, but we absolutely still sold some.

In my experience while supply and demand are two factors that effect price, they are not the only ones, and in fact in my wholesale/retail business life, play little importance with how I price most items.

I don't raise and lower prices all the time to keep up with the supply and demand of products in the marketplace.

The margin we need to make, and thus the price we sell stuff at, is mostly determined by our operating expenses which is relatively stable.

When we go on runs and start to sell a lot of one product, I don't think to raise the price. I just order a lot more of it.
 
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bfm336

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I must say that I was highly impressed when I got a call yesterday to say my order was already ready for pickup - color me impressed! These guys are working hard for their customers, and I appreciate it. I expect to call and add some more to my order before it gets picked up.
 

jakemac

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Is the 120 orders higher or lower than previous years? That number just seems low to me.

Lower, Below quotes cut from original posts;

2014

Originally Posted by jsackin
Yes, well over 200 orders this year.

Jori
HJE

2013
Originally Posted by jsackin
So as you guys can imagine, I spent most of today packing boxes (and drawing on them).

We had over 150 orders which was more than last year. Also the size of each order was substantially more, so we definitely saw some growth.

thanks again for everything

Jori
HJE

2012
Originally Posted by jsackin
154 orders in my inbox today. Not sure if they are all GJ orders, but I bet most of them are. Good work!!!

Jori Sackin


I suspect that our actual number of orders was higher this year than the official 120 count suggests. There was an issue with Paypal payers that caused them to miss the Comments box. Which means that if they didn't email HJE with their order number, HJE wouldn't have any way to count them as GJ orders. I'd be willing to bet the real number is closer to 150.
 
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LB-1911

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I suspect that our actual number of orders was higher this year than the official 120 count suggests. There was an issue with Paypal payers that caused them to miss the Comments box. Which means that if they didn't email HJE with their order number, HJE wouldn't have any way to count them as GJ orders. I'd be willing to bet the real number is closer to 150.

:dunno: How about 136?

Call this the 1st order -
i kinda rushed to make sure i got an Armstrong shirt.
Edit order # 100000064


I was Order #100000180 (placed on July 12, 2015 12:11:02 AM CDT)


Two days late, but I finally got my order in, #100000200.


:beer:
 
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Travisnd

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I received my shipping notice too!! Was surprised it was so soon, but I'm certainly not complaining!!! Thanks Epstein staff!!
 

Askme42

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I'm not sure if that was a general you, or if you were pointing toward me, but I did participate this year. Happily purchased $100 of Wright to fill out a set, and got my tracking info today :).

It was general. Most certainly was not pointed at you directly.
 

Jawn

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I forgot a box art request again. :(

Oh well, maybe mine'll ship sooner. More Norseman drill bits (A-Z, 1-60 sets to go with my 1/16-1/2 set bought a couple years ago) and misc other goodies.
 

kball

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Shipping notices coming out within a week of ordering... I guess this turned out to be nothing like SK day. Glad we could help HJE out. I think we need more factory videos to get everyone excited about these events. SK day seemed to have a huge buzz going.
 

Squankum

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JORI I WANT A CHEAPER HAMMER WHY AREN'T YOU HIRING ILLEGALS AND LOWER PRICES I'M A WORKING MAN AND I DON'T HAVE NO FANCY PENSION LIKE YOU KANSAS CITY ELITESTS!1!


(Just kidding. Thanks, Jori.)


.
 
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67King

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When we go on runs and start to sell a lot of one product, I don't think to raise the price. I just order a lot more of it.

Well, given that I had 2-3 weeks of inventory, and a 4 month lead time, I was in a bit of a different predicament.

Also, FWIW, we look at both margin and NPV for what we carry. We actually lose money on some items, but we have to carry them to be part of the big picture. But I can have as much fixed cost labor into $500 worth of mixed product as I do in a $7000 pallet, and higher overhead costs (slower turnover). So I have a much higher NPV on the pallet, even at half the margin, than on the mixed product. Kind of the same way your supplier of hammers would rather sell you 100 at $10 each than 40 at $12.

Again, the point is that there will be an equilibrium reached at any price point. And at a higher price point, the volume will be reduced (assuming price elasticity as with most goods).
 

Titanium Steel

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I've been lucky in the respect that I've been able to participate in Harry J Epstein for the last two years. I work very hard for my money and I am very proud to support Harry J Epstein. Don't get me wrong, I shop at Amazon as well, but Amazon will NEVER EVER be the same as Harry J Epstein. For me, it's not just about the products Epstein's sells, but the overall service.

I actually placed a second order, mostly because these were the items I meant to include in the first order, but also because I knew these items in particular aren't available locally.

Truthfully, I didn't think the shipping prices were high and if anything were very reasonable. As in my opinion always have been. Free shipping isn't free and you still have to spend $35 to receive free shipping and $50 if you want to do Amazon Pantry shipping. Not including the taxes, this can add up real quickly.

I will be the first to admit, I shop at Amazon, but usually on items I can't seem to locally that meet my criteria. My criteria usually being is this product made in USA or at the very least made in USA of global components? There is just certain products Amazon carries that other distributors don't and never will. I literally have no choice in some cases and in that sense, Amazon has won that battle even if this wasn't intention.

As much as I'd like to buy locally, the Home Depot's, Sears Lowe's, Ace's and those other big box stores only seem to cater to those that care about one-two aspects and those are price and warranty. Epstein's carries items that at one point in history were sold locally, but now aren't for various reasons and truthfully I think they do a better job than any of the big box stores combined.

Just as an example, twist drills. Not that long ago, Sears used to have USA made twist drills and arguably these were fairly priced. Well those days are long over and what they sell is imported, but the price doesn't seem to have changed at all. Norseman is one of the brands they sell and not only are twist drills USA made, they are also union made as well. Not much is union made anymore so that is a nice a bonus. Of course, there are more items than USA made twist drills, but much of I buy at Epstein's for some reason or another isn't sold locally and even if they were, almost no business can be compared to Epstein's.

I guess in a nutshell, I feel very blessed in the fact that I am fortunate enough to be able to support them and the fact they exist. In a world where ethics, empathy and human rights are often not as pivotal as profit, I am glad Harry J Epstein's is there to be that business that doesn't just see you as another expendable source of income. That is what sets them apart from other businesses among other factors.
 

John in OH

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Order #00000165 for about $150.

Unfortunately, not enough SK or Wright stuff to get a freebee, but that's OK. Did include a lot of other miscellaneous stuff.

It seems that shipping gets discussed every time we have an "event" with HJE. It is what it is, so just ante up the shipping costs, quit griping, and enjoy the goodies when they arrive.

Already started my HJE wish list for next time!!
 

2ndGearRubber

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I will comment on the capitalism/utility side-bar.


Some of the HJE value equation is trust. I trust that if I buy some something from them, it's not gonna be junk. HJE doesn't seem to be in the junk business. Amazon may have say, a socket set, for $10 less. But I also need a gasket scraper. HJE offers several, and I trust they won't be junk. Amazon may sell 25 options, some good, some junk. They appeal on price and selection to the customer. Sure, I could use HJE for brand info, then buy elsewhere, but I digress. HJE is probably gonna have what I need, and they have yet to sell me anything ******. So I buy from HJE, to assure my scraper will be good.


I like HJE. They are FAR from my only online tool source. But I do mention them anytime someone asks where I buy from.


Go HJE. :beer:
 
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gagreen

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I like Epstein's pricing, philosophy, and their old website (sorry lol it felt homier) I don't buy as much as I'd like to from them but my tool buying is to the point of specialty tools that hje does not carry. Pricing seems to be lower than amazon with shipping included. I even have to pay taxes there being that I'm currently in Mo. I can't wait to get my order.
 

Squankum

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Some of the HJE value equation is trust. I trust that if I buy some something from them, it's not gonna be junk. HJE doesn't seem to be in the junk business. Amazon may have say, a socket set, for $10 less. But I also need a gasket scraper. HJE offers several, and I trust they won't be junk.... So I buy from HJE, to assure my scraper will be good.

If you buy a Wilde scraper from them, I can assure you it will be GREAT! :thumbup: I used one of mine just this weekend.

Here are mine. (With a crappy 1980's J.C. Whitney scraper for comedic purposes.)
 

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Squankum

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OK, I got my box today. No artwork makes for fast shipping?

Some C clamps The little ones turned out to be imports, but I think I was not paying attention to that on the small ones, they're for a really dumb, simple semipermanent job where quality is not required. The bigger ones are made in USA, after the castings arrive. From the website:

"4" x 3" Frame Opening and Depth. 1,200 lb Normal Load Limit. Cold-drawn steel screws with smoothly rolled thread. (Box Quantity: 6) Price is for individual item. In terms of country of origin, these can legally be called USA clamps, but the body fo the clamp is imported and then machined over here. The pin and screw and all the attachments are US made. Since a majority of the cost involved in manufacturing is in this country, they can legally be called US made."


12" Wilde pry bar (more prybar chitchat at my shop thread)

Norseman 1/16" bits

Wilde circlip pliers, very nice!

I felt shipping was a little high, but I think my box was kinda heavy this time, too, so that makes sense.

_
 

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rockinacummins

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Squankum I'm jealous you already got to open your present... I opted for the box art since this was my first Epsteins day. I can see why it takes a while for orders to go out when they have to do so much box drawing. I know it will be worth the extra wait though!
 

Titanium Steel

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If I was in a hurry to receive my Harry J Epstein order, I would have stuck to my "original" plan and only ordered items I know they have in stock. But then Jori uploaded the entire Wright catalog, more SK items, so that faded in a microsecond. Then again, I like the Epstein artwork and really I have no rush.

Life is short and you know there comes a point when I just don't want to be in a hurry and enjoy the fact this will come eventually.

Squankam: I ordered a Wright (Mayhew sourced) scraper as well. Not sure when, but recently now the entire product is USA made. Boy this would have made a recent project so much easier, but never in my wildest dreams did I think I would hit the jackpot and be able to buy this from Epstein's.
 
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