Is Wholesale Toy Distribution a Scam ⁉️

Рет қаралды 864

5 ай бұрын

My eBay Store: www.ebay.com/usr/toyreviewer1982
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Пікірлер: 50

@Zytx2 5 ай бұрын

I feel it should be illegal to be a distribution center AND have a marketplace selling the items you're selling at wholesale. How is this not considered fraud?

@TheIslandViper 5 ай бұрын

The only thing you’re really getting as a discount is not paying sales tax, but you’re getting hosed in shipping, and you have to collect sales tax, which I elected to pay monthly.

@chipcarroll2923 5 ай бұрын

Thanks for the information. I agree what EE is doing to their wholesale customers really suck and isn't fair.

@TheIslandViper 5 ай бұрын

I’ll be talking more about this, with price breakdowns, and other poor practices by them.

@brianbetts419 5 ай бұрын

Keep them boxed for the next 30 - 40 years then you can make a profit! They all offer pre orders to everyone before retailers even have a chance. They are all in business to make sales and unfortunately you're their competition. 😢

@TheIslandViper 5 ай бұрын

Pretty much…

@Hurricanelive 5 ай бұрын

There is no way a supplier should be selling product for less. Small stores need to just unsubscribe and not do business with unscrupulous companies like this. When the supplier and brick and mortar create so much clearance devaluation that's a huge problem, unchecked. The business model is very F'd. Best wishes in your future endeavors.

@TheIslandViper 5 ай бұрын

Thanks! Not being able to cancel without paying an exhorted fee is the main issue. The Super 7 figures were greatly advertised, and orders placed, well before we knew they would flop. I’m going to reach out to my old rep today, and see if he can help me cancel these orders.

@kobocopcustoms 5 ай бұрын

Dude when you start breaking down the cost of the Super 7 figures, you're not even counting the eBay fee or any selling platform fee for that matter which is typically around 15%, also customers are conditioned to pay free shipping on new releases thanks to Amazon. So if you're making 7 to $10 on a $55 figure, You're in the negative if you count those, right from the get-go if everything goes well. Why would anybody want to work for free? Or work selling at a loss? It's just stupid. I never buy wholesale but often I source discount stores and many more places for past season merchandise. It frustrates me to no end, every time I find something that is profitable in my mind, that somebody has already listed it on eBay at a price so low, that They are taking a loss and nobody else can beat their price. It's just moronic. I think it's new sellers who don't know how to do math, and when they don't see the sale happening fast enough, They panic and just keep lowering the price, ruining it for everybody

@TheIslandViper 5 ай бұрын

Selling online is definitely at a loss. In person, storefront, and toy shows, is the only way to barely break even. That's if you don't have to mark it down to make the sale. To expand on your point about new sellers panicking, I think those sellers probably purchased inventory on credit, payments are due, and they aren't making the revenue to compensate for that. I've heard rumors that's what happened with Megalopolis, and Dorkside.

@kobocopcustoms 5 ай бұрын

@@TheIslandViper you bring up an excellent point about the credit. This is a fascinating topic and there are not enough videos about it. Just more and more redundant toy hunt videos with 2000+ views. People are stupid.

@AlanDavidDoane 5 ай бұрын

I clicked your link and don't see any Classified figures for sale. Is there a different link to those sales? I'd love to throw you some support.

@TheIslandViper 5 ай бұрын

Much appreciated! I usually sell those on FaceBook. Look me up. Terry Ruin is my name there.

@AlanDavidDoane 5 ай бұрын

@@TheIslandViper Thanks, will do!

@edwardperry9417 5 ай бұрын

EE sunk one of my favorite local businesses. It made the business look bad, but it wasn't their fault. Entertainment Earth sucks ass!

@TheIslandViper 5 ай бұрын

I can see how that would happen.

@DazzlingV3 5 ай бұрын

Great video and timely for what I was planning. I thought about going down this path to sell DC Multiverse but now I am seriously re-thinking this plan. Thank you for the video. Sorry you have to deal with EE Distribution's crap.

@TheIslandViper 5 ай бұрын

Unless you’re carrying the product for the sole purpose of just having it available, along with other product you can actually make money on, it’s definitely not worth it. I’ll only be dealing with EED for a short time longer.

@eddkilroy5136 5 ай бұрын

I had same issues with EE, my favorite was when they would do a price change and wont let you cancel.

@TheIslandViper 5 ай бұрын

Right. You agreed to buy at a certain price, but also agreed to the “subject to change” bullshit.

@mamunestor 5 ай бұрын

EE had Mezco Destro for $50 for a flash sale for a bout a week.

@TheIslandViper 5 ай бұрын

While we were restricted to the $100 price limit. What a joke…

@typeonegative1835 5 ай бұрын

EE is the absolute fn worst.. I cancelled ALL my preorders with them a couple weeks ago.

@TheIslandViper 5 ай бұрын

It really feels like a predatory company.

@edwardperry9417 5 ай бұрын

Never deal with Entertainment Earth. I'm glad you brought this up. Megalopolis was an an amazing brick and mortar store. They got fucked over hard by EE. I'm pissed that that happened. Megalopolis was a one of a kind store. I don't see how any independent store could survive relying on Entertainment Earth long term. Total scammer distributors as a fact.

@TheIslandViper 5 ай бұрын

Was it because of delays, price changes, or other circumstances?

@jayd5360 5 ай бұрын

My friend is also a toy distributor. Amd he says similar things. In tje last few years, Hasbro and Mattel has been getting worse and worse. No timing regiment respected anymore

@TheIslandViper 5 ай бұрын

I think that we have moved into a place with production, where retailers are making their money from online preorders, then liquidating whatever physical product they get in inventory. Too much product is being produced.

@teddarkclaw 5 ай бұрын

Man, I’m not even half way through this and I’m fired up. I’m the co owner of Hella Dope Toys and we FEEL YOUR PAIN! EE is incredibly frustrating to the point where we have switched as much as we can to Diamond. Buying from NECA and Independent companies is WAY better, BUT, everyone wants their Hasbro and Mattel stuff or they won’t look at us, so we have to take the hit to get people to the site. The Jamiroquai figure is the one that’s upset me the most. Retail: $99.99 - Wholesale $92.99. What am I supposed to do with that? Early calls are also a joke. We buy and they cancel most of it on us causing us to have to refund preorders. What’s the point of the call? We should talk sometime!

@TheIslandViper 5 ай бұрын

Hit me up on Facebook. Terry Ruin. I’m probably gonna take a hit on any cancellation I can make, but I gotta get out of this mess. I don’t take preorders anymore because EED is so unreliable. Is Diamond any better?

@teddarkclaw 5 ай бұрын

@@TheIslandViper There’s pros and cons. They’re usually cheaper. But also more time consuming to get approved to buy from. I still can’t figure out their site, but my partner handles all of that.

@Finraen 2 ай бұрын

Sounds like lawsuit time for someone who has the cash to burn to teach them / Hasbro a lesson.

@MR.WiseGorilla 4 ай бұрын

I used to buy from them. Not anymore they are a 💩 company.

@TheIslandViper 4 ай бұрын

Like right now. I ordered the 60th anniversary figures on a phone call for the “secret” calling list. At least a month before they were announced…. Still no movement on the orders. Watch.. Amazon will mark them down before I get them.

@kyleholder3785 5 ай бұрын

yeah unfortunately this is the norm. EE has been systematically eliminating online retailers for years.

@TheIslandViper 5 ай бұрын

It’s gotten bad enough to the point where it’s a blatant ripoff. Wasn’t nearly this bad when I started.

@kyleholder3785 5 ай бұрын

@@TheIslandViperit's gonna take a massive lawsuit to stop them and they know their retailers can't afford to get steamrolled in court.

@TheIslandViper 5 ай бұрын

Steamrolled is exactly what we would get. Maybe a class action..

@mikerea4961 5 ай бұрын

I'm sorry to hear you're screwed like this. I only buy classified figures from you online. But i understand nobody should lose money. I don't see how they can have a monopoly on distribution. Them controlling the market isn't right at all.

@TheIslandViper 5 ай бұрын

I appreciate you bro. They are doing this same thing to every retailer they have, and it’s not right..

@mikerea4961 5 ай бұрын

@@TheIslandViper Not at all, Hasbro should do something to change this.

@TheIslandViper 5 ай бұрын

One would think, but this is their preferred distributor.

@tophersupreme5573 5 ай бұрын

This is all very disappointing to hear. EE is the worst at shipping. This should be FUN and not a stress point. Best wishes.

@TheIslandViper 5 ай бұрын

Agreed. I’ll be transitioning to just buying and reselling collections from here on out. Once my orders are all fulfilled, I likely won’t be buying from them anymore.