10 Insanely High Markups On Everyday Items [0:00:00]
Movie tickets, a 192% markup.
Popcorn, a 900% markup.
A glass of your favorite soda, 1400% markup.
Guys, those are just three examples of items people pay a huge market price on.
And in today’s video, I’m talking about clothing, accessories, and other items their
average markup price, so that you can use this information and go out there make better
buying decisions and save money.
[Music] Now, let me be clear.
I’m a businessman, I understand that companies need to mark things up to make a profit and
that’s a good thing.
But, if you understand how much they’ve marked stuff up, as a consumer you can use
this information to negotiate.
You can use this information to look for sales to look for deals to save money and that’s
what this video is all about.
So first up, let’s talk about clothing and accessories.
Custom suits, what are we going to see the markup there?
Only about 100-200%, so actually coming in on the low end.
Next up, let’s talk about designer suits, 200-400%.
The difference between custom and designer customs made for the individual designer is
made for the mass market.
Fragrances, anywhere from 100-500% markup.
Designer shoes, on average, 354% markup.
Designer jeans, a 650% markup.
Next up, let’s talk about jewelries.
So, I’m talking about rings, talking about necklaces, cufflinks and we’re going to
be talking about watches.
What we see here is anywhere from a 200% to over 1000% markup.
Oftentimes, it’s going to be with gold we’re going to see a higher markup than we will
on steel or silver.
And, when it comes down to precious stones, the highest markup of them all.
And coming in with the highest markup in menswear at 1329% markup, we’ve got designer eyewear.
Now, I know what you might be thinking.
Hey, I wear glasses, my son wears glasses, my wife wears glasses, someone I care about
wears glasses and I don’t want them to pay that crazy markup fee.
If that’s the case, guys, send them the glasses you will say the paid sponsor of today’s
video.
I’m linking to them down in the description.
There’s an awesome discount code down there for you.
But, guys, for over two years, my family, we’ve been using glasses you would say because
it works.
We’re talking 70% off of retail price.
So, when you go to your optometrist, I can tell you that they are way overpriced.
We’ve gone in and I just have – ah, they don’t even have options.
When you go to Glasses USA, what you’re going to find over twenty five hundred options.
A lot of them are in-house brands, but they’ve also got companies like Ray Ban, Tom Ford,
Oakley, Armani, Adidas.
And they’ve got a wide variety of styles.
So, if you want full rim glasses, if you want half rim glasses, if you want no-rim glasses
in a variety of materials, they’ve got you covered.
They’ve also got sports glasses, safety glasses, kid’s glasses, sunglasses, any
type of prescription glasses that you need.
And my favorite part of the website, the virtual mirror.
So, you upload a picture of yourself and you can see yourself wearing the glasses.
It’s really cool and you’re like, ah, you know, I want to go for something with
a little bit more color.
Ah, maybe a little bit more color than that.
And you can actually virtually try on and find the perfect pair for you.
Free shipping, free returns, a 100% money back guarantee, a 365-day product warranty.
Guys, it’s a no-brainer if you want to save money on prescription glasses, go check out
Glasses USA.
I’m linking to them down in the description.
When you get the link you’re going to get the best deal you’re going to find on the
web.
Go check them out, awesome company.
All right.
So, you're about to take a trip you're going to travel.
Let's talk about the markups that you're going to run into.
That airline ticket, a 388% markup.
Oh, traveling internationally, let me add another 100-200% markup.
Hotel mini bars, a 400% on average markup.
Yes, that small bag of M&M’s, is $10.
Argh, you forgot your phone charger.
Guys, guess what?
A 672% markup on that essential item.
Still haven’t bought the tickets for that concert you want to attend?
Oh, looks like it's sold out, a 2873% markup from list price.
And last but not least the most marked up item for a busy traveler, argh, you just blew
through your data plan.
Guess what?
You now got to pay by the texts.
Well, let your wife know you're out of the concert ready to get picked up, that text
right there has a 5961% markup.
So, did that did that overpriced text message stress you out?
Hopefully not because I’m not done.
Guys, you’re going out to drink and you order a bottle of wine.
You want to relax you want to enjoy company with friends.
Oh, guess what?
A 400% markup.
Oh, too much for, you know I don’t need a whole bottle, I’ll just take a glass.
On that glass, a 400-800% markup.
Well, what about if I just go with the beer, give me a domestic beer.
Guess what, guys?
A 694% markup.
Oh, my gosh, Antonio, these markups are crazy.
Just give me a drink, a mixed drink, a 1150% markup right there.
Okay.
I’ve had enough of the alcohol then, just give me a soda.
Guys, guess what?
A 1150% markup as well.
[0:05:03] Wow!
Those are some crazy markups, but I get it companies got to stay in business.
However, I’ve got a road trip in front of me.
I need to stay awake, I want to go with a nice mocha.
Oh, wait a minute, if I go for something like that, probably a high markup, I’m going
to go for a plain coffee.
Well, guess what?
On a plain coffee, still a 1000% markup.
If I would have gone for that really nice mocha, closer to a 3000% markup.
So, what do you think, guys?
Can drinks get anymore absurd?
Can it get any crazier on the markup?
The answer is yes.
Topping the list coming in at 2000-4000% depending on how you buy it, guys, we’ve got bottled
water.
Yes, bottled water is at the top of the list.
Next up, let’s talk about you hard-working students and how you’re getting ripped off.
Let’s start this off with your textbooks.
Textbooks on average, 163% markup.
I thought this would have been a lot higher and I’m sure there are some books out there
that have like a 300% or 400% markup, but, guys, on average 163%.
Next up, we’ve got printer ink coming in at a 300% markup.
Need a table for your apartment?
You need a bed for your dorm room?
Guys, a 400% markup on furniture.
That fancy calculator that does all those calculations, that TI83, guess what, gentlemen?
An 892% markup.
Oh, and it gets better, when you graduate you’ve got to buy a cap and gown.
You’ve got to buy it.
Guess what?
A markup of just over 1000%.
All of this fails in comparison though to the markup on prep classes.
We’re talking classes that you get ready for the GRE for the SAT for the ACT for the
GMAT.
There’s a 3082% markup on these classes.
Not too bad, right?
So, these next ones, I didn’t know how to categorize them except wow.
Your funeral casket, a 350% markup.
I thought this percentage was going to be a lot higher, so in this case I’m actually,
look, not too bad compared to everything else we’ve seen.
Calling a psychic hotline apparently has a markup of 9186%.
Now, I’m not sure what to think about that.
Legit?
Probably not.
And wrapping things up, we’ve got healing crystals.
I’ve got to read this at 2493828% and they did calculate that and I don’t know, it
sounds legit, right?
That’s a legitimate markup.
All right, gentlemen, now it’s your turn.
I want to hear from you down in the comments.
How do you deal with markups?
How do you save money when it comes to huge markups like we talked about in today’s
video?
I want to hear from you, I want to learn from you.
Let me know down in the comments your tips and tricks.
And, guys, go check out Glasses USA.
If you are paying for retail, you are paying too much.
Guys, I’ve got a link down there which is going to have an awesome discount deal.
Use it or lose it.
Not going to be around forever.
And like I said for years, I’ve been using their service.
My wife uses glasses, my son wears glasses.
I actually have a pair of prescription glasses from them right here and I’ll put this on.
And, the way the procedure work is I just went into my local eye clinic.
I actually had them do an exam.
I got the exact numbers I needed.
I simply sent it to them and in a very short time period they had it delivered to me.
I’ve got a wide variety of different frames.
I’ve been testing these things out, guys.
Great company great quality at a fair price.
I’m linking to them again down in the description.
All right, gentlemen, that’s it.
Take care.
I’ll see you in the next video.
[Music] Ah, I can taste the markup.
Yes, I can on my essential everyday life.
Ah, taste that markup.
Oh, yeah, probably what?
It’s probably only 2000% on this one.
[0:08:38] End of Audio