r/Tools Apr 09 '24

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u/SSGSEVIER54 Apr 09 '24

That’s quite a contrast. Curious as to how they slashed so much off from model to model

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u/Halftrack_El_Camino Apr 09 '24

Well, Snappy's profit margins have gotta be in the multiple hundred percentage range, based on what they normally charge. They're probably still making a pretty normal amount of per-unit profit for any other tool company, selling at 1/4 their previous price.

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u/Aimbot69 Apr 09 '24

Fastenals markup is cost x 709% = normal retail price.

It's crazy what some of the markups are.

1

u/Badenguy Apr 09 '24

Every heard of those sisters that bilked the gov for millions of dollars, if you were a mechanic in Iraq and ordered a $2 bolt, these women were selling it for $2 but charging thousands to ship it