If you're reading this and thinking "wow, there's not a lot of money to be made selling parts online," you're half right. There's not a lot of money in selling parts online for *marketplace retailers.*
eBay does ok. So do Amazon and Walmart.
This is the largest auto parts retailer on ebay. 880k items sold in the last 12 months.
Got to be $100 million+ in annual revenue...and I'd be shocked if net margin was more than 2.5%. Most sellers are at 1-2% net.
https://t.co/piRbY0P0Zr
@testerdahl Sadly, I'm just now learning about this first hand.
I didn't want to spend the money for a pair when they first came out, and then YEARS passed before I decided to give it a whirl. $28 later...
I know I'm a little late to this one, but is there anything more "manly" than crying? LOL
I mean, cry your eyes out fella. Men should be able to cry without scorn.
But hypocrites advocating for toxic masculinity can't cry without me laughing.
https://t.co/SBPGK9bK08
Here it is:
Herschel Walker got a girlfriend pregnant in 2009, urged her to get an abortion, and then reimbursed her for the procedure.
Herschel Walker also says there should be no exceptions for abortion. (Except for himself I guess.)
https://t.co/ryvGywheAX
@TheGentRacer I hear you. Zero margin growth = high valuation seems a little like perpetrating a fraud, but revenue makes the world go round I guess...
I think tax policy has something to do with it too. Capital gains tax is lower than income tax - seems like a penalty for good businesses.
@TheGentRacer Slowdown panic is a great argument *against* VC backed growth. It always seems to lead to layoffs based on unsustainable business practices facilitated by VC.
I'd like to live in a world where good margins sustain growth, but I suppose there are factors I'm not considering...
@TheGentRacer It's all about growth, right? And no one is projecting good growth over the next 2 years.
Little/no growth means there's no big valuation. No big valuation? No ROI. So, cut costs, consolidate, and weather the storm. Sucks for lots of people.
VCs always do OK, however.🙄
This extraordinary investigation into women's pro soccer abuses is eye-opening and depressing. I am dumbfounded.
Anyone with kids in youth #soccer should read the summary, as should all soccer fans.
https://t.co/E4fJ2ex84S