Did I miss something Lord Sugar said at the beginning it was'nt a profit task but how many units ... nothing was added up at the end??
Umm Not profits but units....??
Sugar has really poor this week.
If it was units not profits, just buy something for 1p and sell it for the same.
And at the start he bangs on about the the market being over 50's, then criticises them later for not selling to trade buyers
If it was units not profits, just buy something for 1p and sell it for the same.
And at the start he bangs on about the the market being over 50's, then criticises them later for not selling to trade buyers
It was a bit unclear at the beginning - I thought he meant units at the start too.
But simply taking the total revenue is still silly - Harry M's bird boxes may have made very little profit being sold at £80 - who knows maybe Haleys one at £100 could've brought in more profit on its own?
But simply taking the total revenue is still silly - Harry M's bird boxes may have made very little profit being sold at £80 - who knows maybe Haleys one at £100 could've brought in more profit on its own?
He said they weren't paying for stock. Any unsold stock wouldn't count negatively against them. Which they weren't, and it didn't. If they took two-hundred units to the show, and only sold five, then they'd add the profits of the four, rather than take away the cost of the one-hundred-and-ninety-five. Unlike, say, the ice cream task.
Not rocket science.
Not rocket science.
Originally Posted by L8Hatter:
“Sugar has really poor this week.
If it was units not profits, just buy something for 1p and sell it for the same.
And at the start he bangs on about the the market being over 50's, then criticises them later for not selling to trade buyers”
“Sugar has really poor this week.
If it was units not profits, just buy something for 1p and sell it for the same.
And at the start he bangs on about the the market being over 50's, then criticises them later for not selling to trade buyers”
Precisely..
Had they bought the cushions and sold two hundred of them would they have still not won because of the profit margin.
The whole thing did'nt make any sense.
Originally Posted by jules1000:
“Precisely..
Had they bought the cushions and sold two hundred of them would they have still not won because of the profit margin.
The whole thing did'nt make any sense.”
“Precisely..
Had they bought the cushions and sold two hundred of them would they have still not won because of the profit margin.
The whole thing did'nt make any sense.”
It was exactly the same task as the baby shower task in series 5 (of the normal apprentice).
You basically sell other people“s stuff for them, but you can“t go below the minimum selling price (which is why it was important to negotiate in this task, ZARA!) that those people give you.
Can“t see why people are talking cost prices (sales - cost price = profit margin), as they are not part of this task
Originally Posted by rwebster:
“He said they weren't paying for stock. Any unsold stock wouldn't count negatively against them. Which they weren't, and it didn't. If they took two-hundred units to the show, and only sold five, then they'd add the profits of the four, rather than take away the cost of the one-hundred-and-ninety-five. Unlike, say, the ice cream task.
Not rocket science.”
“He said they weren't paying for stock. Any unsold stock wouldn't count negatively against them. Which they weren't, and it didn't. If they took two-hundred units to the show, and only sold five, then they'd add the profits of the four, rather than take away the cost of the one-hundred-and-ninety-five. Unlike, say, the ice cream task.
Not rocket science.”
Cheers for the explanation, but Suggs didn't make any of that clear at all.
And as I said before, changed his target market at the end of the program.
He has naff all to do in the shows. Should put a bit more effort into what little he does
I agree it was confusing although this may be down to editing.
We need the full details in order to judge if they are doing a good job or not - its a shame they don't post all the sales break down online and then we would have the full picture.
We need the full details in order to judge if they are doing a good job or not - its a shame they don't post all the sales break down online and then we would have the full picture.
My other half and I thought it was about units as well, so it was a little confusing.
When it came down to revenue, we didn't understand why the shopping trolley was such an issue. It clearly wasn't going to be a big seller (very expensive in a crowded market) and the key product that the task was won or lost on was the vacuum cleaner.
When it came down to revenue, we didn't understand why the shopping trolley was such an issue. It clearly wasn't going to be a big seller (very expensive in a crowded market) and the key product that the task was won or lost on was the vacuum cleaner.
If they would have taken two cheap items sold them at the lowest possible price they would have done a lot better. Old people unlike what they thought, that they cant take it with them, therefore spend it, dont do that. Harry was again clever. Selling it to other traders. Like last week asking the customers which forced the owner to buy it. Its a pity he is always on the losing team. He is really the only one who stands out. High and above the rest of them.
I understood it to be about sales volume, i.e. the total amount of money received for sales, irrespective of number of units or the profit margin. I thought Sir Alan made that quite clear.
I also thought it was not clear. If sounded like whoever sold the most products, regardless of profit, would win. That's why I couldn't understand why Haya was so adamant on having an expensive product which will always sell less than a product under £20.
Originally Posted by Dogmatix:
“I understood it to be about sales volume, i.e. the total amount of money received for sales, irrespective of number of units or the profit margin. I thought Sir Alan made that quite clear.”
“I understood it to be about sales volume, i.e. the total amount of money received for sales, irrespective of number of units or the profit margin. I thought Sir Alan made that quite clear.”
Correct, and the key word is volume - it was clearly stated when they were in the museum. If it was just about 'units' you would obviously just gone for really cheap items to sell as you would be likely to sell more items - but that wasn't the point of the task.
Maybe I'm just confused, but I'm quite sure Lord Sugar said they would compete for sales figures, not profit?
So why the hell did they choose the bird box and sell 6?! Surely that means it counted as 6 sales, not £600, right? Why did no one bring them up on that?
So why the hell did they choose the bird box and sell 6?! Surely that means it counted as 6 sales, not £600, right? Why did no one bring them up on that?
Originally Posted by Kingsy:
“Maybe I'm just confused, but I'm quite sure Lord Sugar said they would compete for sales figures, not profit?
So why the hell did they choose the bird box and sell 6?! Surely that means it counted as 6 sales, not £600, right? Why did no one bring them up on that?”
“Maybe I'm just confused, but I'm quite sure Lord Sugar said they would compete for sales figures, not profit?
So why the hell did they choose the bird box and sell 6?! Surely that means it counted as 6 sales, not £600, right? Why did no one bring them up on that?”
No, it counted as £600. That was the sales figure. Profit would have been £600 less costs.
Originally Posted by L8Hatter:
“Cheers for the explanation, but Suggs didn't make any of that clear at all.
And as I said before, changed his target market at the end of the program.
He has naff all to do in the shows. Should put a bit more effort into what little he does”
“Cheers for the explanation, but Suggs didn't make any of that clear at all.
And as I said before, changed his target market at the end of the program.
He has naff all to do in the shows. Should put a bit more effort into what little he does”
I think you misheard, he actually told Harry off for his tactic saying he missed the key detail that they were NOT at a trade show and so it wasn't clever to raise the prices to what the man they were selling on behalf of had claimed he sold them for at a trade show. However, as they had stock left at the end, Sugar was impressed Harry had sold to other traders to make more money. Not because it was the point of the task but because it showed good business sense.
what it is, is Sir Alan makes up the rules as he goes along to suit whatever result he wants - eg - he could have fined one team last week, for having their flower arrangement rejected.
despite all this he always manages to pick the wrong candidate right at the end
and the rewards are so rubbish.
Unlike the great Donald Trump, in the far better US version.
despite all this he always manages to pick the wrong candidate right at the end
and the rewards are so rubbish.
Unlike the great Donald Trump, in the far better US version.
Originally Posted by lovecat86:
“I think you misheard, he actually told Harry off for his tactic saying he missed the key detail that they were NOT at a trade show and so it wasn't clever to raise the prices to what the man they were selling on behalf of had claimed he sold them for at a trade show. However, as they had stock left at the end, Sugar was impressed Harry had sold to other traders to make more money. Not because it was the point of the task but because it showed good business sense.”
“I think you misheard, he actually told Harry off for his tactic saying he missed the key detail that they were NOT at a trade show and so it wasn't clever to raise the prices to what the man they were selling on behalf of had claimed he sold them for at a trade show. However, as they had stock left at the end, Sugar was impressed Harry had sold to other traders to make more money. Not because it was the point of the task but because it showed good business sense.”
A trader would not have paid £150 for an item that can be purchased by the general public for under £50 from many sources. The true value of that box to the trade was probably around £10 to £15. It's a £5 (retail) bird box with a £5 (retail) low pixel count web camera and a long cable £4 (retail).
